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USD/JPY Discussion

  • #39,321
  • Nov 13, 2013 6:42pm Nov 13, 2013 6:42pm
Quoting Boy Wonder
{quote} Looks bullish to me.

"There's no bearish or bullish market, there's right market" someone said . Anyway, one of us would get profit, other will get experience. I'm long UJ for several reasons, the only thing that could interrupt the bull party would be TP from the Japanese investors before the higher tax steps in. A couple of days ago I read about the tax consequences and it seems logical to me. But I'm staying long for the reasons I already posted here.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,322
  • Nov 13, 2013 6:50pm Nov 13, 2013 6:50pm
if this support at 99.20 holds, the very next question would be if the resistance at 100.6 would hold..
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,323
  • Nov 13, 2013 7:03pm Nov 13, 2013 7:03pm
Quoting bikov
{quote} "There's no bearish or bullish market, there's right market" someone said . Anyway, one of us would get profit, other will get experience. I'm long UJ for several reasons, the only thing that could interrupt the bull party would be TP from the Japanese investors before the higher tax steps in. A couple of days ago I read about the tax consequences and it seems logical to me. But I'm staying long for the reasons I already posted here.
Yeah fair enough mate, it's all just guesswork at the end of the day
I have no clue what I'm talking about.
  • #39,324
  • Nov 13, 2013 7:18pm Nov 13, 2013 7:18pm
Quoting Boy Wonder
{quote} Yeah fair enough mate, it's all just guesswork at the end of the day

Yes, and the odds. I started using heiken ashi candles again-for confirmation and it says clearly bullish weekly candle (although daily is weak bearish). Together with ichimoku where UJ is above daily & weekly cloud and now getting ready to break above monthly..I really cannot short UJ with all this on the table. If Mr.Market doesn't has in plan to ruin the party as he sometimes does, new high this year is not out of the question.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,325
  • Nov 13, 2013 7:22pm Nov 13, 2013 7:22pm
Quoting bikov
{quote} Yes, and the odds. I started using heiken ashi candles again-for confirmation and it says clearly bullish weekly candle (although daily is weak bearish). Together with ichimoku where UJ is above daily & weekly cloud and now getting ready to break above monthly..I really cannot short UJ with all this on the table. If Mr.Market doesn't has in plan to ruin the party as he sometimes does, new high this year is not out of the question.
Yup this is in line with market is telling us. Tough short, tough buy, so just going to chop with bullish bias. Now if we close the week <99, then selling makes sense for next week.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #39,326
  • Nov 13, 2013 7:26pm Nov 13, 2013 7:26pm
I see nothing but blue skies ahead. A little resistance at 100.30, but that's about it.
Attached Image(s) (click to enlarge)
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"A true speculator tries the market small." - Jesse Livermore
  • #39,327
  • Nov 13, 2013 7:28pm Nov 13, 2013 7:28pm
Nikkei opened in green with a gap facing the resistance around 14,805 and making at daily..hm, quadruple top ?
Attached Image (click to enlarge)
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"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,328
  • Nov 13, 2013 7:29pm Nov 13, 2013 7:29pm
Quoting Jgcole83
I see nothing but blue skies ahead. A little resistance at 100.30, but that's about it.
retest of top of triangle is necessary imo.
  • #39,329
  • Nov 13, 2013 7:31pm Nov 13, 2013 7:31pm
Quoting Jgcole83
I see nothing but blue skies ahead. A little resistance at 100.30, but that's about it.

nice colors.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,330
  • Nov 13, 2013 7:32pm Nov 13, 2013 7:32pm
Quoting bikov
{quote} nice colors.
Thanks! My wife seems to think Im very trendy... :nerd:
"A true speculator tries the market small." - Jesse Livermore
  • #39,331
  • Nov 13, 2013 8:07pm Nov 13, 2013 8:07pm
Quoting Boy Wonder
{quote} Yeah fair enough mate, it's all just guesswork at the end of the day
If that's what it's all about, doesn't it make forex trading a mere gamble - not much different from the casino

What happened to the 'mathematical edge' which supposedly gives us the winning advantage in our trades ?
  • #39,332
  • Nov 13, 2013 9:00pm Nov 13, 2013 9:00pm
GJ attacking 160 ?
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,333
  • Nov 13, 2013 9:06pm Nov 13, 2013 9:06pm

just at the time that panda post
  • #39,334
  • Nov 13, 2013 9:30pm Nov 13, 2013 9:30pm
Quoting fatpanda
just at the time that panda post
Not good any more
  • #39,335
  • Nov 13, 2013 11:36pm Nov 13, 2013 11:36pm
I went and shorted this thing. Misread the signs.
  • #39,336
  • Nov 14, 2013 12:33am Nov 14, 2013 12:33am
Have pending shorts ready for the new short term high.
  • #39,337
  • Nov 14, 2013 12:48am Nov 14, 2013 12:48am
Quoting bikov
GJ attacking 160 ?
I am short GJ... Entry 159.75, TP 159 right now :-)
  • #39,338
  • Nov 14, 2013 1:10am Nov 14, 2013 1:10am
I was short UJ at 99.65 God bless me
  • #39,339
  • Nov 14, 2013 1:28am Nov 14, 2013 1:28am
Quoting Davidnguyen
I was short UJ at 99.65 God bless me
relax, 100 will hold
  • #39,340
  • Edited 2:04am Nov 14, 2013 1:28am | Edited 2:04am
I can see why people are selling here because of the resistence in the area

But it has broken the triangle from the 103 high it is now breaking the shorter term trendline from 101.50 so for me i'm a buyer on dips and am already long from 98.15.

Apparently 200 million on offer at 99.800
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