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USD/JPY Discussion

  • #38,961
  • Nov 7, 2013 10:44am Nov 7, 2013 10:44am
Quoting kweiss10
everyone hating the dollar all of the sudden. 98.50 broken
we do not panic before the storm, it will be peaceful again. It will regain what was lost earlier
  • #38,962
  • Nov 7, 2013 10:45am Nov 7, 2013 10:45am
Quoting Citiboy
That level broke then liquidty went to zero. Lol
All platforms of my broker crashed after release .
"I know one thing, that I know nothing." Sokrates
  • #38,963
  • Nov 7, 2013 10:45am Nov 7, 2013 10:45am
Quoting huuhaoftr
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)
Let's first see if it's able to get back up above 9890 again.

It is actually the yen that's doing a lot of the moving at the moment.

For those holding longs, that's a pretty ominous sign.
  • #38,964
  • Nov 7, 2013 10:48am Nov 7, 2013 10:48am
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.
Not trying to be a dick, but I'm not feeling your pain lol. I jumped out a breakeven when we dropped. Price just doesn't reverse like that for no reason unless something big is happening. Shoot first, ask questions later. The most concerning part about today's action is that we did breakout of last month's highs like price action was telling us it would, but then the breakout was faded faster than it went up. I talked about where a bull trap could be in this post a couple days ago: http://www.forexfactory.com/showthre...87#post7070687

I want to see where we close the day, but for now, congratulations to the bears...even if you were a bit early. I'd rather have the wrong idea and correct timing then the right idea and poor timing.

Here are my trades for the week for anyone who cares.
Attached Image (click to enlarge)
Click to Enlarge Name: 11.7.13 USDJPY Orders.png Size: 8 KB
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #38,965
  • Nov 7, 2013 10:55am Nov 7, 2013 10:55am
Quoting zusch
Not trying to be a dick, but I'm not feeling your pain lol.
Really no pain here. I was prefering to be superrich, as wanted full back tattoo and new tradestation, but I can wait few weeks . 20% still floating and I still insist daily will close above 98,8 .
"I know one thing, that I know nothing." Sokrates
  • #38,966
  • Nov 7, 2013 10:59am Nov 7, 2013 10:59am
wow i didn't bother to look anymore just came back and saw it dropped to the 98.3 lvls then scaled upwards. Lord have mercy it's back to the old lvls. Now it looks like a freaking doji on the daily.
  • #38,967
  • Nov 7, 2013 11:01am Nov 7, 2013 11:01am
Quoting nisack
{quote} nice one mate, the only worry i have in mind is that somebody knows what bernanke is going to say tomorrow.
He is going to say "I was long Twitter at the launch, ...haar!"
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #38,968
  • Nov 7, 2013 11:03am Nov 7, 2013 11:03am
Quoting Tom_D_Trader
{quote} Really no pain here. I was prefering to be superrich, as wanted full back tattoo and new tradestation, but I can wait few weeks . 20% still floating and I still insist daily will close above 98,8 .
Well I wish you the best of luck, but if I had to trade this now (which I won't be), I'd be shorting. I'll check back in at daily close.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #38,969
  • Nov 7, 2013 11:06am Nov 7, 2013 11:06am
Quoting Tom_D_Trader
{quote} ...I still insist daily will close above 98,8 .
Eh, anything is possible, but that would be a failed failure, and probably mega bullish. So many instruments are saying risk off to me that I think it's unlikely. But hats off to you if you're right. Meanwhile, I'm still heavy short this bastard, expecting 96.
I have no clue what I'm talking about.
  • #38,970
  • Nov 7, 2013 11:06am Nov 7, 2013 11:06am
Quoting zusch
{quote} Well I wish you the best of luck, but if I had to trade this now (which I won't be), I'd be shorting. I'll check back in at daily close.
Tnx man. Actually bought few more @ 98,6. What a disgrace I am.
Edit: Good luck Wonder, may the best analysis win
"I know one thing, that I know nothing." Sokrates
  • #38,971
  • Nov 7, 2013 11:28am Nov 7, 2013 11:28am
Quoting zusch
{quote} Not trying to be a dick, but I'm not feeling your pain lol. I jumped out a breakeven when we dropped. Price just doesn't reverse like that for no reason unless something big is happening. Shoot first, ask questions later. The most concerning part about today's action is that we did breakout of last month's highs like price action was telling us it would, but then the breakout was faded faster than it went up. I talked about where a bull trap could be in this post a couple days ago: http://www.forexfactory.com/showthre...87#post7070687...
USD / JPY is generated cumulative sideways to keep going up. I still hold my opinion is the target: 99. 400
following chart shows us that:
Attached Image
  • #38,972
  • Nov 7, 2013 11:31am Nov 7, 2013 11:31am
This is really nice. Fast movement upwards then shoots downwards pretty fast and not it's stuck in the middle of 98-99 again just like almost the whole of this week.


This pair really sucks now no more fast movements.
  • #38,973
  • Nov 7, 2013 11:34am Nov 7, 2013 11:34am
Wow crazy moves. Note to self...take profit instead of just moving stop to breakeven and leaving it there. Anyways. I have no clue about this pair at this point...rather go over to eur.usf
  • #38,974
  • Nov 7, 2013 11:35am Nov 7, 2013 11:35am
This is not very far removed from pointless as anything could happen but I expect a breakdown and consolidation so that we end up months from now back where we started, something like this. But if we still get a bullish candle today after this reversal then I will be forced to change my mind pretty damn quickly.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB
I have no clue what I'm talking about.
  • #38,975
  • Nov 7, 2013 11:41am Nov 7, 2013 11:41am
Well,

Now i am more then confused.

Looks bearish but i think bulls are waiting for better entry levels.
  • #38,976
  • Nov 7, 2013 11:48am Nov 7, 2013 11:48am
Quoting mazurskilos
Well, Now i am more then confused. Looks bearish but i think bulls are waiting for better entry levels.
Bulls are waiting for calm/sense to return to the market.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #38,977
  • Nov 7, 2013 12:02pm Nov 7, 2013 12:02pm
USD / JPY: it will accumulate in the region 98. 600 to rùi increased strongly. immediate objectives: respectively 99. 050 ==> 99. 200 ==> 99. 400
following chart shows us that:
Attached Image
  • #38,978
  • Nov 7, 2013 12:22pm Nov 7, 2013 12:22pm
Quoting Tom_D_Trader
{quote} Tnx man. Actually bought few more @ 98,6. What a disgrace I am.
And some more @ 98,45. Disgrace.
Edit: Mhm, and UJ cleared at BE. Was a good trade, 2 hours ago , fack that, now I gotta load again.
"I know one thing, that I know nothing." Sokrates
  • #38,979
  • Nov 7, 2013 12:30pm Nov 7, 2013 12:30pm
this looks bad for the bulls the damn thing is dropping so fast now. It's below 98 level now.


I must say for the past 3-4 weeks the damn bears have been making big strides like it takes like what a few mins to drop so many pips but such a long time for it to go back up.
  • #38,980
  • Nov 7, 2013 12:33pm Nov 7, 2013 12:33pm
all yen pairs are bearish.
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