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USD/JPY Discussion

  • #40,201
  • Dec 5, 2013 10:35am Dec 5, 2013 10:35am
Quoting zusch
I'm out of all my U/J longs with ok, not great profit. I don't understand what is happening anymore. Data was great and $ struggles.
People booked their profits. Sell the news
  • #40,202
  • Dec 5, 2013 10:54am Dec 5, 2013 10:54am
Quoting stylinex
{quote} People booked their profits. Sell the news
Yup possibly. In hindsight sells yesterday at 102.80 was very obvious, mad I didn't grab it. Will be interesting to see where week closes.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #40,203
  • Dec 5, 2013 11:09am Dec 5, 2013 11:09am
Entered long at 101.78 so if this is just a TP going on it's a smart move. Did I say IF ?
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #40,204
  • Dec 5, 2013 11:11am Dec 5, 2013 11:11am
Quoting bikov
Entered long at 101.78 so if this is just a TP going on it's a smart move. Did I say IF ?
Looks like its time to pick some more uj up at a discounted price
"A true speculator tries the market small." - Jesse Livermore
  • #40,205
  • Dec 5, 2013 11:27am Dec 5, 2013 11:27am
Quoting bikov
Entered long at 101.78 so if this is just a TP going on it's a smart move. Did I say IF ?

Hello

Yeah me to

These YEN pull backs make it very

hard to keep loading up

The market has a way off taking back all the green pips

Got a stack off longs, big ones to 103.7 an the rest to 105+

Still had to do some creative hedging to hang on to them.
  • #40,206
  • Dec 5, 2013 12:08pm Dec 5, 2013 12:08pm
opened a long. will probally regret it later
  • #40,207
  • Dec 5, 2013 12:26pm Dec 5, 2013 12:26pm
Quoting kweiss10
opened a long. will probally regret it later
I just jumped back in long myself. One more new low today and I'm out, this is the last line of defense for bulls in my opinion.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #40,208
  • Dec 5, 2013 12:26pm Dec 5, 2013 12:26pm
Quoting kweiss10
opened a long. will probally regret it later
maybe entered long 101.70 target 20pips
just do it
  • #40,209
  • Dec 5, 2013 12:30pm Dec 5, 2013 12:30pm
Quoting thodie
{quote} maybe entered long 101.70 target 20pips
with you there
  • #40,210
  • Dec 5, 2013 12:31pm Dec 5, 2013 12:31pm
Long here at 101.70, hoping for 102.20 SL 101.50
  • #40,211
  • Dec 5, 2013 12:33pm Dec 5, 2013 12:33pm
looks like lots of people long at 101.70.
This could be a trap in my opinion.
  • #40,212
  • Dec 5, 2013 12:42pm Dec 5, 2013 12:42pm
Quoting kweiss10
looks like lots of people long at 101.70. This could be a trap in my opinion.
could be worse... have the finger on the rigger
just do it
  • #40,213
  • Dec 5, 2013 2:32pm Dec 5, 2013 2:32pm
Surprised people are going long here, i see this going down to 101.251 would love to be in this trade though but the risk- reward isnt good enough.
  • #40,214
  • Dec 5, 2013 2:47pm Dec 5, 2013 2:47pm
missed my TP exit with little profit
just do it
  • #40,215
  • Dec 5, 2013 2:56pm Dec 5, 2013 2:56pm
Nikkei -maybe re-test of previous resistance, now support at 14,800:
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"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #40,216
  • Dec 5, 2013 3:22pm Dec 5, 2013 3:22pm
This is what I see, one more move down before we start back up again. Buy order at 101.5 which corresponds with the July high. It's also the 50% point of the move down during November 25-26.
Attached Image(s) (click to enlarge)
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"If you won't risk the usual, you'll have to settle for the ordinary."
  • #40,217
  • Dec 5, 2013 4:04pm Dec 5, 2013 4:04pm
take care buddy...
see this chart
Attached Image (click to enlarge)
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  • #40,218
  • Dec 5, 2013 4:58pm Dec 5, 2013 4:58pm
What has happened to UJ? A retracement, really?
  • #40,219
  • Dec 5, 2013 5:20pm Dec 5, 2013 5:20pm
After another look and a very sharp sell off (was pretty instant so a big order most likely)... maybe the next stop is actually the 38.2 fib, or 101. As it appears that the break past the 23.6 fib held.

Edit: looking at the 100.9 level. Corresponds with a daily high in mid July and falls directly on the 38.2 fib.

...still looking at 101.5 as well though.... we'll see.
Attached Image (click to enlarge)
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"If you won't risk the usual, you'll have to settle for the ordinary."
  • #40,220
  • Dec 5, 2013 8:42pm Dec 5, 2013 8:42pm
Don't think U/J is going to hold. Now out of all longs again. 102 is going to be tough to overcome for bulls on Friday. Good luck to both sides!
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
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