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USD/JPY Discussion

  • #38,941
  • Nov 7, 2013 9:23am Nov 7, 2013 9:23am
Quoting zusch
Worth a shot long here if you still aren't in.
Or could it be a false break with no one wanting to hold long into NFP?
  • #38,942
  • Nov 7, 2013 9:31am Nov 7, 2013 9:31am
Quoting brinks
{quote} Or could it be a false break with no one wanting to hold long into NFP?
Just follow the price action. You've got an opportunity to buy the 38.2% retracement of the previous 4 hour candle. Still 2.5 hours to go in this 4hr candle.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #38,943
  • Nov 7, 2013 9:45am Nov 7, 2013 9:45am
USD / JPY has exceeded its objectives so now I see it as a necessary adjustment. It will re-test the support at 98,500
following chart we see that:
Attached Image
  • #38,944
  • Edited 10:12am Nov 7, 2013 9:46am | Edited 10:12am
B point could break right on first attempt, but would expect at least one retest of 98,8.
edit: kinda fast, stupid fibo jumbo aint working, bastard!
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 67 KB
"I know one thing, that I know nothing." Sokrates
  • #38,945
  • Nov 7, 2013 10:14am Nov 7, 2013 10:14am
Quoting Tom_D_Trader
B point could break right on first attempt, but would expect at least one retest of 98,8. edit: kinda fast, stupid fibo jumbo aint working, bastard! {image}
-USD / JPY is currently creating a flag pattern is very small tail. it is a bad model. Let us not mistake into a positive pattern pennant. it must check back later support 98,500.
then make xu direction of the new
  • #38,946
  • Nov 7, 2013 10:15am Nov 7, 2013 10:15am
it's like nothing ever happened.
  • #38,947
  • Nov 7, 2013 10:16am Nov 7, 2013 10:16am
wow. just cant win with this lol
Twitter: @TrendersGame
  • #38,948
  • Nov 7, 2013 10:16am Nov 7, 2013 10:16am
Ok, I'll say it looks bad now.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #38,949
  • Nov 7, 2013 10:18am Nov 7, 2013 10:18am
Quoting huuhaoftr
{quote} -USD / JPY is currently creating a flag pattern is very small tail. it is a bad model. Let us not mistake into a positive pattern pennant. it must check back later support 98,500. then make xu direction of the new
Dunno, me thinks 98,8 is definitely going to hold on Daily, but it is a heavy chop zone @ this number, so we could retest 98,5 no problem. Am glad I took a few @ 99,3, but not enough unfortunately, but thats just it with those long term targets.

edit: Just Wow , what a move. Was pretty rich few minutes ago.
"I know one thing, that I know nothing." Sokrates
  • #38,950
  • Nov 7, 2013 10:21am Nov 7, 2013 10:21am
everyone hating the dollar all of the sudden.

98.50 broken
  • #38,951
  • Nov 7, 2013 10:22am Nov 7, 2013 10:22am
Quoting zusch
Ok, I'll say it looks bad now.
Meh, just perfect, lost like 15% on floating, cant even count it while it is moving so fast. But already booked for rent and food for this month, so... , screw you Yen.

edit: nah nisack, its actually not greed, it is fun. Am punk and dont care if I loose the money, am fine with rent and food.
"I know one thing, that I know nothing." Sokrates
  • #38,952
  • Nov 7, 2013 10:24am Nov 7, 2013 10:24am
greed...
  • #38,953
  • Nov 7, 2013 10:25am Nov 7, 2013 10:25am
Well had 90 lots on from 98.95 avg. got stopped out at 98.90

Re longed 20 lots 98.40
Twitter: @TrendersGame
  • #38,954
  • Nov 7, 2013 10:29am Nov 7, 2013 10:29am
Was just reading in the FT this morning how impossible its been for model driven hedge funds to make money. Know they must have bet the farm on that pop above 99.00. Only to get creamed.
LMAO
Twitter: @TrendersGame
  • #38,955
  • Nov 7, 2013 10:30am Nov 7, 2013 10:30am
WTF IS GOING ON HERE?? Do Banks know about the upcoming news?
I was thinking about to short uj but was not convinced... now see what happened
  • #38,956
  • Nov 7, 2013 10:31am Nov 7, 2013 10:31am
Quoting Tom_D_Trader
{quote} Meh, just perfect, lost like 15% on floating, cant even count it while it is moving so fast. But already booked for rent and food for this month, so... , screw you Yen. edit: nah nisack, its actually not greed, it is fun. Am punk and dont care if I loose the money, am fine with rent and food.
nice one mate, the only worry i have in mind is that somebody knows what bernanke is going to say tomorrow.
  • #38,957
  • Nov 7, 2013 10:34am Nov 7, 2013 10:34am
Quoting nisack
{quote} nice one mate, the only worry i have in mind is that somebody knows what bernanke is going to say tomorrow.
theres always someone that knows whats Bernie goingg to say before he does. The questions is, which was is this headed though.
  • #38,958
  • Nov 7, 2013 10:35am Nov 7, 2013 10:35am
USD / JPY has checked it supports 98,500 and now it will recover and continue its path to goal 99. 400 (nearest peak will be checked again)
  • #38,959
  • Nov 7, 2013 10:35am Nov 7, 2013 10:35am
Quoting kweiss10
{quote} theres always someone that knows whats Bernie goingg to say before he does. The questions is, which was is this headed though.

He isnt saying anything is he?

its NFP

My mistake he is speaking but not before the NFP results
  • #38,960
  • Nov 7, 2013 10:36am Nov 7, 2013 10:36am
As someone thats worked on a currency desk, I cant even imagine how the phones were exploding when 99.00 broke this morning. The model driven hedge funds were probably all being triggered into longs....short term positioning was likely all long with stops below 98.90 area. That level broke then liquidty went to zero.


Lol
Twitter: @TrendersGame
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