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USD/JPY Discussion

  • #39,561
  • Nov 18, 2013 12:21pm Nov 18, 2013 12:21pm
WS30 MONTLY CHART
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  • #39,562
  • Nov 18, 2013 12:48pm Nov 18, 2013 12:48pm
Nice opportunity to add to long positions at 99.76. Pretty darn good support there.
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"A true speculator tries the market small." - Jesse Livermore
  • #39,563
  • Nov 18, 2013 1:09pm Nov 18, 2013 1:09pm
USD/JPY is so bullish. I think we are going higher
  • #39,564
  • Nov 18, 2013 1:27pm Nov 18, 2013 1:27pm
good support
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  • #39,565
  • Nov 18, 2013 1:28pm Nov 18, 2013 1:28pm
Quoting eliteincome
{quote} Hello US/JPY Holding YEN longs above 100 takes steel bulls, Every time it has got over the 100,it has been smacked back down Maybe this time it will stay above the 100 :nerd:
That's precisely why I haven't gotten rid of my mid-99 shorts yet. Time and time again it'll trade over 100 for awhile just to face a fierce sell off. I'm not convinced it's going to trade above 100 for a long period of time yet.
  • #39,566
  • Nov 18, 2013 2:13pm Nov 18, 2013 2:13pm
Quoting mladen111
good support {image}
support is not support any more
  • #39,567
  • Nov 18, 2013 2:20pm Nov 18, 2013 2:20pm
Quoting mladen111
{quote} support is not support any more
Looks to be a few bids around 99.85 though. A few times it's bounced off that area today.
  • #39,568
  • Nov 18, 2013 3:05pm Nov 18, 2013 3:05pm
Quoting eliteincome
{quote} Hello US/JPY Holding YEN longs above 100 takes steel bulls, Every time it has got over the 100,it has been smacked back down Maybe this time it will stay above the 100 :nerd:
Not only am I holding I'm still buying.
"A true speculator tries the market small." - Jesse Livermore
  • #39,569
  • Nov 18, 2013 3:59pm Nov 18, 2013 3:59pm
Quoting Jgcole83
{quote} Not only am I holding I'm still buying.
I agree, buyers still in control. Daily close at 100.00

Hasn't been a smooth ride up, thats for sure, but after today I believe we will break last week's highs at some point this week.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #39,570
  • Nov 18, 2013 4:02pm Nov 18, 2013 4:02pm
Quoting zusch
{quote} I agree, buyers still in control. Daily close at 100.00 Hasn't been a smooth ride up, thats for sure, but after today I believe we will break last week's highs at some point this week.
Wednesday should be an interesting day.
"A true speculator tries the market small." - Jesse Livermore
  • #39,571
  • Nov 18, 2013 4:09pm Nov 18, 2013 4:09pm
Why not waiting till 4H and daily close together at daily market closing.

Daily and 4H already gave the clue eh....
not euphoria follower
  • #39,572
  • Nov 18, 2013 4:33pm Nov 18, 2013 4:33pm
USD/JPY H4 CHART
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  • #39,573
  • Nov 18, 2013 4:48pm Nov 18, 2013 4:48pm
Quoting davidsayli
USD/JPY H4 CHART {image}
Do you have a short position or is it just your opinion that this will randomly drop to 96.23?
"A true speculator tries the market small." - Jesse Livermore
  • #39,574
  • Nov 18, 2013 4:53pm Nov 18, 2013 4:53pm
USD/CHF DAILY
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  • #39,575
  • Nov 18, 2013 5:07pm Nov 18, 2013 5:07pm
Quoting Jgcole83
{quote} Do you have a short position or is it just your opinion that this will randomly drop to 96.23?
He just enjoys posting meaningless charts, I wouldn't put any weight into them. He does it in the EURUSD thread a lot too.
  • #39,576
  • Nov 18, 2013 5:49pm Nov 18, 2013 5:49pm
Quoting CJayB
{quote} He just enjoys posting meaningless charts, I wouldn't put any weight into them. He does it in the EURUSD thread a lot too.

Was just thinking this as well. lmao
Twitter: @TrendersGame
  • #39,577
  • Nov 18, 2013 6:06pm Nov 18, 2013 6:06pm
Interesting, Nikkei and all JPY pairs might complete an EVENING STAR pattern on the daily charts! These are strong reversal patterns, especially when at significant highs.

These are really rare but there was a gap up yesterday, and price closed as a doji - today there's a gap down on nikkei.
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  • #39,578
  • Nov 18, 2013 7:09pm Nov 18, 2013 7:09pm
Quoting CJayB
{quote} He just enjoys posting meaningless charts, I wouldn't put any weight into them. He does it in the EURUSD thread a lot too.
Be positive ....

I believe he has complex chart. But he just post the most simple one for sharing
not euphoria follower
  • #39,579
  • Nov 18, 2013 7:11pm Nov 18, 2013 7:11pm
Let's see if it breaks this major trendline of the upper part of what I believe MAY be a triangle.

I'm still shorting!
  • #39,580
  • Nov 18, 2013 7:21pm Nov 18, 2013 7:21pm
Quoting iwavetrade
Let's see if it breaks this major trendline of the upper part of what I believe MAY be a triangle. I'm still shorting!


Anyone who shorted above 100 made a high probability trade, good job to you. Now, with that said, don’t expect this to go all the way down to 95 or some ridiculous number like that, I would recommend you get out somewhere in the 98 zone, probably reversing your position, trying to take the eventual retest (and true break) of the middle 100s.

The option market says we are not going to trade much higher than 100.50 until after the first or second week of December, and that’s only if we are actually trading in the high 99s or low 100s when that time actually rolls around.



Clarification: When I say middle 100s I mean 100.35-100.65 and low 100s I mean 100.00-100.35.
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