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USD/JPY Discussion

  • #40,121
  • Dec 4, 2013 3:51am Dec 4, 2013 3:51am
Quoting fxmasterdxb
{quote} well you might be new to this business then lets assume a trendline (im talking about ones on higher time frames only) is acting as a strong support, once broken the same should act as a resistance. if you see this trendline keep getting broken out up and down then neglect it but if only broken twice in 5 months and still providing decent support/resistance, why not?
I have heretofore considered a trendline terminated, no longer of use, when a decisive break has occured.
It is only a small step to rename the trendline as part of another construct, such as a pitchfork or channel.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #40,122
  • Dec 4, 2013 4:21am Dec 4, 2013 4:21am
I think this week is also long USD/JPY
after cross or touch 104 then may be retrace the u/j trand
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Reduan
  • #40,123
  • Dec 4, 2013 5:15am Dec 4, 2013 5:15am
http://charts.mql5.com/3/238/usdjpy-...-division1.png
  • #40,124
  • Dec 4, 2013 7:25am Dec 4, 2013 7:25am
UJ can only go down ...in other words under any circumstances cannot go up....
The Market pays you to be disciplined
  • #40,125
  • Dec 4, 2013 7:45am Dec 4, 2013 7:45am
Quoting mima
UJ can only go down ...in other words under any circumstances cannot go up....
How so? <tongue-in-cheek-icon>
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #40,126
  • Dec 4, 2013 7:51am Dec 4, 2013 7:51am
"Mima" another crystal ball predicter Look at that fucking results,correction ended,up trend continues
  • #40,127
  • Dec 4, 2013 7:56am Dec 4, 2013 7:56am
Quoting Exodus
{quote} How so? <tongue-in-cheek-icon>

Quoting Mahorelas
"Mima" another crystal ball predicter Look at that fucking results,correction ended,up trend continues

Well, currently is flat....mistakenly rotated monitor... and regards crystal balls : not in use because of regular yearly maintenance...
The Market pays you to be disciplined
  • #40,128
  • Dec 4, 2013 8:24am Dec 4, 2013 8:24am
Take a look at EJ......bear is at play.

UJ is correlated to EJ.
  • #40,129
  • Dec 4, 2013 8:35am Dec 4, 2013 8:35am
Quoting pohchuan
Take a look at EJ......bear is at play. UJ is correlated to EJ.
I would be careful trying to short usdjpy. With key support at 101.50 only 100pips away, I think we will see this pair consolidate before retesting 101.50...I'm short gbyjpy and eurjpy due to how far the untested support is. I could completely wrong, but I just feel there is greater reward in the other jpy pairs
  • #40,130
  • Dec 4, 2013 8:41am Dec 4, 2013 8:41am
This could spell the start of a journey south for UJ if the bull concedes at this junction.

200MA is not too far away....
  • #40,131
  • Dec 4, 2013 8:42am Dec 4, 2013 8:42am
Quoting Likerty
UJ tried to screw me out of my shorts but I took back what's mine Retracement was imininent end it happened. Next one will be deeper but could be postponed after higher high on yearly range. Good/better NFP nuber could inspire that bounce and respectively - deeper retracement for Euro, Pound, AUssie, Gold and others... {image}
im expect 104 for uj.....and im agree with u.....only NFP can change the direction if uj cant go that level sincee this month NFP of course important figure for FED TAPER speculation..
Bismillah
  • #40,132
  • Dec 4, 2013 8:43am Dec 4, 2013 8:43am
Market is pushing XJ crosses down for whatever reason so UJ is supporting it ...
The Market pays you to be disciplined
  • #40,133
  • Dec 4, 2013 8:51am Dec 4, 2013 8:51am
UJ daily and weekly are still long, the H4 is just taking a rest and profits.....................
The More You Learn, The More You Earn.....
  • #40,134
  • Dec 4, 2013 8:56am Dec 4, 2013 8:56am
In 5 mins, ISM and Home Sales will shore up the green pips before the journey south.
  • #40,135
  • Dec 4, 2013 9:22am Dec 4, 2013 9:22am
Quoting mima
UJ can only go down ...in other words under any circumstances cannot go up....
As I said on Monday this week. UJ above 103 is a sell.
I support more downside, BUT will no open any position now.
  • #40,136
  • Dec 4, 2013 9:23am Dec 4, 2013 9:23am
i entered long at 2.66, target 3.70. stop loss at 1.95.
use leverage with caution...
  • #40,137
  • Dec 4, 2013 9:39am Dec 4, 2013 9:39am
Quoting Fx-gtg
{quote} As I said on Monday this week. UJ above 103 is a sell. I support more downside, BUT will no open any position now.
It is running on low volume....and Dollar index has problem passing 80.90...
The Market pays you to be disciplined
  • #40,138
  • Dec 4, 2013 10:47am Dec 4, 2013 10:47am
I stole this picture from stock twits, it really equals 1000 words
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"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #40,139
  • Dec 4, 2013 11:02am Dec 4, 2013 11:02am
Quoting pohchuan
Take a look at EJ......bear is at play. UJ is correlated to EJ.
EJ is a blend of UJ and EU. EU crashed and EJ drooped acccordingly.
Today dollar is strong, Yen is holding its own so seems likely that EJ and GJ setting up for long entry, DYOR.

edit: remember ECB meeting tomorrow, nasty surprises possible.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #40,140
  • Dec 4, 2013 11:09am Dec 4, 2013 11:09am
Quoting pohchuan
Take a look at EJ......bear is at play. UJ is correlated to EJ.
good call
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