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USD/JPY Discussion

  • #39,721
  • Nov 21, 2013 5:53am Nov 21, 2013 5:53am
Quoting kweiss10
I hope this will retrace. I need a better entry point
I'm with you on that, does seem to be a shooting star forming on the 4h
  • #39,722
  • Nov 21, 2013 6:15am Nov 21, 2013 6:15am
Quoting abokwaik
Hey UJ, I dont want to see you near 100 anymore at least till end of the month. Come on now BE a MAN.
Good job UJ keep walking to 101 and if you are really aman I want to see you @ 103. Look at your brothers, they are far ahead of you.
No guts, no glory
  • #39,723
  • Edited 8:01am Nov 21, 2013 7:44am | Edited 8:01am
U/J weekly and monthly charts looking extremely healthy. Healthy sized retracements for each, now trading at weekly/monthly highs.

Short term the next 15 mins are very important to close up the 4hr candle. Big upper wick = maybe some strong sellers....no upper wick means we're going high soon.

Edit: 4hr closed ok not great, but 101 should get tested again.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #39,724
  • Nov 21, 2013 8:06am Nov 21, 2013 8:06am
Quoting abokwaik
{quote} Good . job UJ keep walking to 101 and if you are really aman I want to see you @ 103. Look at your brothers, they are far ahead of you.
Thats my boy. 100.60 & 101 in one day unbeleivable. Remember you promised 103 by next week. Dont fall back on me now.
No guts, no glory
  • #39,725
  • Nov 21, 2013 9:01am Nov 21, 2013 9:01am
Quoting abokwaik
{quote} Thats my boy. 100.60 & 101 in one day unbeleivable. Remember you promised 103 by next week. Dont fall back on me now.
Sorry dear UJ I took some profit above 101, but don't worry it wont hurt you. And if you need to retrace a bit (just a lttle bit) you'll find me to support you around 101.80.
No guts, no glory
  • #39,726
  • Nov 21, 2013 9:49am Nov 21, 2013 9:49am
Quoting kweiss10
poof and the roof is gone and there is still some steam I believe for it to go up
called it too early. now its gone through the roof. shorts anyone?
  • #39,727
  • Nov 21, 2013 9:56am Nov 21, 2013 9:56am
anyone see today 101.20?
  • #39,728
  • Nov 21, 2013 10:13am Nov 21, 2013 10:13am
Trading under 101 right now. I think you have to get it while you can at these levels.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #39,729
  • Nov 21, 2013 10:15am Nov 21, 2013 10:15am
Quoting zusch
Trading under 101 right now. I think you have to get it while you can at these levels.
this thing has been going up right away between 50-100 pips a day. Do you think there is a chance of retrace or do you see direct climb forward?
  • #39,730
  • Nov 21, 2013 10:20am Nov 21, 2013 10:20am
Quoting kweiss10
{quote} this thing has been going up right away between 50-100 pips a day. Do you think there is a chance of retrace or do you see direct climb forward?
Well if you believe this is the true breakout you want to be exposed long as much as possible right now, at least until daily close in less than 6 hours. Judgement can always change based on 4hr chart (which mine closes in 1hr 40mins). Aggressive place to add yes, but the best trades are often the hardest to put on.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #39,731
  • Nov 21, 2013 10:22am Nov 21, 2013 10:22am
End of the week reversal or correction could be quite fruitful if we see one. The trend definitely looks bullish for the USD though. I expect that weekly correction to kick in by today or tomorrow. Those monthly options expire for on 12-12-13 for the Nikkei. I reckon that the Nikkei will probably see some more small gains before a big correction before options expire next month.
  • #39,732
  • Nov 21, 2013 10:35am Nov 21, 2013 10:35am
It is tough to get USDJPY down but it might happen
The Market pays you to be disciplined
  • #39,733
  • Nov 21, 2013 11:44am Nov 21, 2013 11:44am
You honestly think it will drop again anytime soon? As long as I stay above margin I will hold it because JPY will recover eventually.
  • #39,734
  • Nov 21, 2013 12:01pm Nov 21, 2013 12:01pm
Nice close on my 4hr candle, above 101. I think 100.95 is the next 4hr candles lowest possible price.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #39,735
  • Nov 21, 2013 12:02pm Nov 21, 2013 12:02pm
Quoting stylinex
End of the week reversal or correction could be quite fruitful if we see one. The trend definitely looks bullish for the USD though. I expect that weekly correction to kick in by today or tomorrow. Those monthly options expire for on 12-12-13 for the Nikkei. I reckon that the Nikkei will probably see some more small gains before a big correction before options expire next month.
probally not before BoJ release tomorrow
  • #39,736
  • Nov 21, 2013 1:04pm Nov 21, 2013 1:04pm
correlations (taken from Investing.com). only problem for bulls is Yen short positions at their highest level from 2007.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ and 10y yields.gif Size: 51 KB
Click to Enlarge Name: uj and nikkei.gif Size: 49 KB
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,737
  • Nov 21, 2013 1:13pm Nov 21, 2013 1:13pm
Quoting bikov
correlations (taken from Investing.com). only problem for bulls is Yen short positions at their highest level from 2007. {image} {image}
what does that actually mean?
  • #39,738
  • Nov 21, 2013 1:23pm Nov 21, 2013 1:23pm
Well, when every body is on the one side of the boat, it may sink. Or when everyone is long UJ, there's a danger of a lack of new buyers.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,739
  • Nov 21, 2013 1:26pm Nov 21, 2013 1:26pm
Quoting bikov
Well, when every body is on the one side of the boat, it may sink. Or when everyone is long UJ, there's a danger of a lack of new buyers.
Thanks. Its what I thought it meant. After so much money is spent moving it one or the other direction, new money needs to be printed first. It will be probally a slow ride from here on to the top but UJ has made it over this mark before. But I could be wrong. Maybe it will hit 103 tomorrow. Besides the BoJ release tomorrow, dont think there are other market movers till next week.
  • #39,740
  • Nov 21, 2013 1:48pm Nov 21, 2013 1:48pm
You really think it will hit 103? I wish I stayed with my long position! It tested that resist level so many times and just didn't break through so I shorted ha ARGGG
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