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USD/JPY Discussion

  • #38,821
  • Nov 5, 2013 3:25am Nov 5, 2013 3:25am
Quoting bikov
Everything is possible, like 77.5 ; 80.25 ; 130.45; 42.02 etc... they are just numbers, who can say that some of them are out of question ? The only thing that a trader can control is position size and R/R ratio. Yes I know it's an old mantra but it's true. Buy or sell button is a matter of probability, if a position is placed according to the main trend on the bigger time frames (daily,weekly..) then the probability for success is much bigger than opposite. In this case, UJ looks bullish on w&m chart and neutral on daily. Long is the place to be....

Long is sure the place to be. PA is holding to the 200MA at H1.
  • #38,822
  • Nov 5, 2013 3:29am Nov 5, 2013 3:29am
Quoting bikov
Everything is possible, like 77.5 ; 80.25 ; 130.45; 42.02 etc... they are just numbers, who can say that some of them are out of question ? The only thing that a trader can control is position size and R/R ratio. Yes I know it's an old mantra but it's true. Buy or sell button is a matter of probability, if a position is placed according to the main trend on the bigger time frames (daily,weekly..) then the probability for success is much bigger than opposite. In this case, UJ looks bullish on w&m chart and neutral on daily. Long is the place to be....
Those charts can change big time depending on whether one is looking at a hourly,daily,weekly,monthly or yearly chart. This of course can go down ton a 30 minute chart or even up to a 5 year chart.

Fat Panda numbers could have had plenty of movement left from here. I just wanted clarification instead of guessing whether it was a typo or not.
  • #38,823
  • Nov 5, 2013 3:30am Nov 5, 2013 3:30am
Quoting pohchuan
Seem like the bear is in action ....wonder if the bull has gone back to sleep.
bull is not sleeping, is translating Kuroda's speech into plain English
  • #38,824
  • Nov 5, 2013 3:33am Nov 5, 2013 3:33am
this thing is not oversold yet. it may slide more or just boom up.
  • #38,825
  • Nov 5, 2013 3:41am Nov 5, 2013 3:41am
Quoting stylinex
{quote} Those charts can change big time depending on whether one is looking at a hourly,daily,weekly,monthly or yearly chart. This of course can go down ton a 30 minute chart or even up to a 5 year chart. Fat Panda numbers could have had plenty of movement left from here. I just wanted clarification instead of guessing whether it was a typo or not.

Agree, giving just one argument about any target would be much seriously observed and taken into consideration. If I find one solid as a rock argument for short, my longs would be executed in a minute. I'm not married to UJ longs (not yet ).
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,826
  • Nov 5, 2013 3:49am Nov 5, 2013 3:49am
Does UJ just found a good support at 98.20/23 ?
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,827
  • Nov 5, 2013 3:57am Nov 5, 2013 3:57am
Quoting bikov
Does UJ just found a good support at 98.20/23 ?
Its holding on to the 200MA at H1 (ie 98.20 )......hope it can do better at New York opening.
  • #38,828
  • Nov 5, 2013 4:08am Nov 5, 2013 4:08am
Quoting bikov
Does UJ just found a good support at 98.20/23 ?
not really looking very strong atm
Do what's right for you
  • #38,829
  • Nov 5, 2013 4:17am Nov 5, 2013 4:17am
it's a waiting game..
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #38,830
  • Nov 5, 2013 4:23am Nov 5, 2013 4:23am
Next train station...
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The good thing with the future is that it is progressively approaching...
  • #38,831
  • Nov 5, 2013 4:55am Nov 5, 2013 4:55am
having known the state of DXY... its a relative safe bet for the uptrend of usdjpy in the next hours...
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The good thing with the future is that it is progressively approaching...
  • #38,832
  • Nov 5, 2013 4:56am Nov 5, 2013 4:56am
Quoting bikov
it's a waiting game..


taking a bit of shape now, few moving averages to get by, took a new 98.25 for a long - 10 point SL

(got stopped out earlier @ BE 98.36)
Do what's right for you
  • #38,833
  • Nov 5, 2013 5:04am Nov 5, 2013 5:04am

Quoting Greener
{quote} bull is not sleeping, is translating Kuroda's speech into plain English
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #38,834
  • Nov 5, 2013 5:10am Nov 5, 2013 5:10am
Quoting bikov
Does UJ just found a good support at 98.20/23 ?
Possibly. My AJ longs have just resurfaced.

I can't see the BoJ letting UJ slip below 90. There were too many attempts (500-pip step change) on the way down to 75. They can simply adopt the SNB approach and keep a floor under it. It would be nice if Kuroda-san would say that - perhaps.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #38,835
  • Nov 5, 2013 5:54am Nov 5, 2013 5:54am
Quoting Exodus
{quote} Possibly. My AJ longs have just resurfaced. I can't see the BoJ letting UJ slip below 90. There were too many attempts (500-pip step change) on the way down to 75. They can simply adopt the SNB approach and keep a floor under it. It would be nice if Kuroda-san would say that - perhaps.

Its heading lower.

failed at the 99 area and the downtrend line of the triangle.
stochs rolling over from a overbought position on the daily.

All looks pretty bearish so may head down to the bottom of the triangle.
  • #38,836
  • Nov 5, 2013 6:30am Nov 5, 2013 6:30am
Quoting spinozagr
having known the state of DXY... its a relative safe bet for the uptrend of usdjpy in the next hours... {image}
98.5-98.6 is the first target.
The good thing with the future is that it is progressively approaching...
  • #38,837
  • Nov 5, 2013 6:31am Nov 5, 2013 6:31am
Be honest,

It's all depends now from US data.

Maybe it will be surprise like on friday.
  • #38,838
  • Nov 5, 2013 7:45am Nov 5, 2013 7:45am
Quoting mazurskilos
Be honest, It's all depends now from US data. Maybe it will be surprise like on friday.

Whatever the US data, BOJ will take the chance to weaken the yen.

It's rigged. Just my thought....could be wrong.
  • #38,839
  • Nov 5, 2013 7:47am Nov 5, 2013 7:47am
Quoting pohchuan
{quote} Whatever the US data, BOJ will take the chance to weaken the yen. It's rigged. Just my thought....could be wrong.
I am also praying tht yen get more weak wth eur, gbp and usd
  • #38,840
  • Nov 5, 2013 7:56am Nov 5, 2013 7:56am
Quoting Tom_D_Trader
Am I overdoing it?
Just a joke, it gets bigger and bigger, currently 67:1.
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"I know one thing, that I know nothing." Sokrates
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