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USD/JPY Discussion

  • #39,461
  • Nov 15, 2013 9:44am Nov 15, 2013 9:44am
US numbers today again mostlyl red and still no reaction or movement south.
  • #39,462
  • Nov 15, 2013 9:55am Nov 15, 2013 9:55am
out again @100.32 from post Yellen @99.9
relentlessly cutting the lot size since 98,8 and now I left with so little lots (to follow my RR) that
I will wait for a bigger pullback until I'm back in the bull pack agan
happy weekend to all after this bank busting week
  • #39,463
  • Nov 15, 2013 9:57am Nov 15, 2013 9:57am
It's gonna fell hard next week maybe around 98.6.
  • #39,464
  • Nov 15, 2013 10:02am Nov 15, 2013 10:02am
Quoting atx_sonu
It's gonna fell hard next week maybe around 98.6.

maybe..but how do you know? it seems that you're 100% sure.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,465
  • Nov 15, 2013 10:07am Nov 15, 2013 10:07am
Quoting bikov
{quote} maybe..but how do you know? it seems that you're 100% sure.
hope is deadly in wrong situations
  • #39,466
  • Nov 15, 2013 10:16am Nov 15, 2013 10:16am
Quoting bikov
{quote} maybe..but how do you know? it seems that you're 100% sure.
Well no one is 100% sure in forex.
  • #39,467
  • Nov 15, 2013 10:28am Nov 15, 2013 10:28am
Quoting atx_sonu
{quote} Well no one is 100% sure in forex.

I agree on that, that's why I still use stop losses. But when someone points to some specific number he/she should have an explanation to support the pointed level/target at UJ. Without that it's just a crystal ball guessing.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,468
  • Nov 15, 2013 10:43am Nov 15, 2013 10:43am
US numbers yesterday RED, US numbers today RED, Yellen nominated and the UJ goes up
  • #39,469
  • Nov 15, 2013 10:45am Nov 15, 2013 10:45am
Quoting kweiss10
US numbers yesterday RED, US numbers today RED, Yellen nominated and the UJ goes up

EJ and GJ also going up, maybe they are lifting UJ. Risk on.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,470
  • Nov 15, 2013 10:51am Nov 15, 2013 10:51am
Quoting kweiss10
US numbers yesterday RED, US numbers today RED, Yellen nominated and the UJ goes up
This is jpy weakness. PA was very predictable this week.
No guts, no glory
  • #39,471
  • Nov 15, 2013 10:55am Nov 15, 2013 10:55am
Quoting bikov
{quote} I agree on that, that's why I still use stop losses. But when someone points to some specific number he/she should have an explanation to support the pointed level/target at UJ. Without that it's just a crystal ball guessing.
kijun-sen is around 98.6 on my daily candle and h4 is losing steam and looking on the weekly chart it drops from 100.60. this is my 5th month going in trading so im still pretty new in forex.... but so far this is how i had been trading and it working so far. just studying history on charts, but usdjpy can be unpridictable at times.
  • #39,472
  • Nov 15, 2013 12:35pm Nov 15, 2013 12:35pm
Quoting atx_sonu
{quote} kijun-sen is around 98.6 on my daily candle and h4 is losing steam and looking on the weekly chart it drops from 100.60. this is my 5th month going in trading so im still pretty new in forex.... but so far this is how i had been trading and it working so far. just studying history on charts, but usdjpy can be unpridictable at times.

fair enough
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,473
  • Nov 15, 2013 12:36pm Nov 15, 2013 12:36pm
when something is running (Nikkei, UJ..), maybe we should not ask for the reason, just let it run :
Inserted Video
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,474
  • Nov 15, 2013 12:44pm Nov 15, 2013 12:44pm
Quoting atx_sonu
{quote} kijun-sen is around 98.6 on my daily candle and h4 is losing steam and looking on the weekly chart it drops from 100.60. this is my 5th month going in trading so im still pretty new in forex.... but so far this is how i had been trading and it working so far. just studying history on charts, but usdjpy can be unpridictable at times.
With also a kumo twist.
  • #39,475
  • Nov 15, 2013 12:55pm Nov 15, 2013 12:55pm
Quoting atx_sonu
{quote} kijun-sen is around 98.6 on my daily candle and h4 is losing steam and looking on the weekly chart it drops from 100.60. this is my 5th month going in trading so im still pretty new in forex.... but so far this is how i had been trading and it working so far. just studying history on charts, but usdjpy can be unpridictable at times.
H4 isn't really losing steam its just Friday and there wasn't any market moving news and people will book profits going into the weekend. All the important time frames H4, daily, weekly, and monthly are still bullish.
"A true speculator tries the market small." - Jesse Livermore
  • #39,476
  • Nov 15, 2013 1:12pm Nov 15, 2013 1:12pm
No buyer then no move up. No go down then no buyer. Who will buy at this level at the weekend? I would suggest buy below 100 (99.8). At least this is what i am planning on to do next week.
Gambling with PA
  • #39,477
  • Nov 15, 2013 2:15pm Nov 15, 2013 2:15pm
Quoting Jgcole83
{quote} H4 isn't really losing steam its just Friday and there wasn't any market moving news and people will book profits going into the weekend. All the important time frames H4, daily, weekly, and monthly are still bullish.
4H doesn't look that bullish to me anymore with that wick, and the daily is a long doji at sitting at the top of a run up.

Looks kinda bearish imo, but I doubt we'll see anything exciting into the close. We'll have to wait until next week.
  • #39,478
  • Nov 15, 2013 3:58pm Nov 15, 2013 3:58pm
Lots of sellers at the close. Daily candle closed just below its 50% retrace. Overall another slow week, but a weekly close over 100 can't be ignored. For next week I could see a touch off 100 and then the buying resumes. Another possibility is a big gap up in that case we don't get back to 100 and we move up much quicker.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #39,479
  • Nov 15, 2013 9:19pm Nov 15, 2013 9:19pm
100.11 area im my view will be next to watch, the Support of 60.8% Fibbo Fan all way from the last jump of 97.67 area...

its a expanding dia and market is clustering around these prices as its approaching on insignificant PA for a clear drive, its either a up move cross towards 101 or a dive on this area. Imm pa lvls on below will be 99.4 and 98.6 area respectively in my view....

Just my views once again... tentatively prices are as such so far so good...

I maybe wrong too, hence just for reference...
Sincerely Yours Cheers!
  • #39,480
  • Nov 16, 2013 4:26pm Nov 16, 2013 4:26pm
Nikkei heading towards very strong resistance around the 15700 area. As we all know the jpy pairs are closely related to Nikkei movements. A huge correction down in these pairs might be on the cards.
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