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USD/JPY Discussion

  • #40,141
  • Dec 4, 2013 11:31am Dec 4, 2013 11:31am
big slide in UJ yesterday, big slide in UJ today. Looks dangerous
  • #40,142
  • Dec 4, 2013 11:46am Dec 4, 2013 11:46am
Quoting kweiss10
big slide in UJ yesterday, big slide in UJ today. Looks dangerous
Shouldn't really come as a surprise at this level because there is decent resistance at 103.50 - 104 range. People who got trapped at this level earlier probably looking to get out and some people taking profits. Its only a big slide if you play small price movements. A range of 102.83 - 102 is only 83 pips.
"A true speculator tries the market small." - Jesse Livermore
  • #40,143
  • Dec 4, 2013 11:57am Dec 4, 2013 11:57am
Quoting Jgcole83
{quote} Shouldn't really come as a surprise at this level because there is decent resistance at 103.50 - 104 range. People who got trapped at this level earlier probably looking to get out and some people taking profits. Its only a big slide if you play small price movements. A range of 102.83 - 102 is only 83 pips.
yes, very true. I also to in count the volatility. It was all over the place like yesterday
  • #40,144
  • Dec 4, 2013 11:59am Dec 4, 2013 11:59am
4hr candle closing bad. I want to hold long the rest of the week because I don't see a big bearish engulfing candle a likely scenario and there could be some positive volatility with all the upcoming data.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #40,145
  • Dec 4, 2013 12:19pm Dec 4, 2013 12:19pm
No chance to go up any time soon.
The Market pays you to be disciplined
  • #40,146
  • Dec 4, 2013 12:23pm Dec 4, 2013 12:23pm
Quoting mima
No chance to go up any time soon.
Define soon.
  • #40,147
  • Dec 4, 2013 12:27pm Dec 4, 2013 12:27pm
Quoting iwavetrade
{quote} Define soon.
Impossible and I believe as of now UJ is in downtrend....when downtrend will turn into uptrend doesn't depend on me ...it depends on those who can move price.
The Market pays you to be disciplined
  • #40,148
  • Dec 4, 2013 12:30pm Dec 4, 2013 12:30pm
Quoting stylinex
{quote} Looked like it was due to take a dump.
  • #40,149
  • Dec 4, 2013 12:41pm Dec 4, 2013 12:41pm
101.750 is a good intraday buy with SL @ 101.500 and a profit target of 102.250 is pretty technical.
  • #40,150
  • Dec 4, 2013 12:43pm Dec 4, 2013 12:43pm
Quoting Hotkqash
101.750 is a good intraday buy with SL @ 101.500 and a profit target of 102.250 is pretty technical.

My only concern is Biege Book release is due in 18minutes and that may trump things.
  • #40,151
  • Dec 4, 2013 12:49pm Dec 4, 2013 12:49pm
lets see if this can break 102 again before daily close
  • #40,152
  • Dec 4, 2013 12:50pm Dec 4, 2013 12:50pm
This could be serious, 50MA is broken on 4hr....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #40,153
  • Dec 4, 2013 12:55pm Dec 4, 2013 12:55pm
Quoting Exodus
This could be serious, 50MA is broken on 4hr....
I see support right there at the top of cloud.
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"A true speculator tries the market small." - Jesse Livermore
  • #40,154
  • Dec 4, 2013 12:56pm Dec 4, 2013 12:56pm
Do you still wonder:

Quoting Exodus
{quote} How so? <tongue-in-cheek-icon>


Quoting Exodus
This could be serious, 50MA is broken on 4hr....
The Market pays you to be disciplined
  • #40,155
  • Dec 4, 2013 1:02pm Dec 4, 2013 1:02pm
Quoting kweiss10
lets see if this can break 102 again before daily close
...only if above 102.90 then is bullish again.
The Market pays you to be disciplined
  • #40,156
  • Dec 4, 2013 1:02pm Dec 4, 2013 1:02pm
Quoting mima
Do you still wonder: {quote} {quote}
Do you take the fundamentals into consideration before you say nothing can happen? Or do you just draw lines on a chart and guess?
"A true speculator tries the market small." - Jesse Livermore
  • #40,157
  • Dec 4, 2013 1:11pm Dec 4, 2013 1:11pm
Quoting Jgcole83
{quote} Do you take the fundamentals into consideration before you say nothing can happen? Or do you just draw lines on a chart and guess?
Your question is very complex...My opinion about fundamentals is absolutely irrelevant because I cannot move price. So those who can they already built in their opinion in price ...it is on me to read chart correctly and follow them.
The Market pays you to be disciplined
  • #40,158
  • Dec 4, 2013 1:12pm Dec 4, 2013 1:12pm
Quoting Jgcole83
{quote} Do you take the fundamentals into consideration before you say nothing can happen? Or do you just draw lines on a chart and guess?
Anyone can draw lines any where on a chart. We were due for a reversal.
  • #40,159
  • Dec 4, 2013 1:20pm Dec 4, 2013 1:20pm
only what i can say is I SURVIVED no losses for now
  • #40,160
  • Dec 4, 2013 1:26pm Dec 4, 2013 1:26pm
Quoting stylinex
{quote} Anyone can draw lines any where on a chart. We were due for a reversal.
I wasn't questioning that this is a pull back and one was needed. I was questioning the trading style.
"A true speculator tries the market small." - Jesse Livermore
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