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USD/JPY Discussion

  • #40,301
  • Dec 10, 2013 9:15am Dec 10, 2013 9:15am
I was driving and missed this entry to load longs
  • #40,302
  • Dec 10, 2013 9:48am Dec 10, 2013 9:48am
Quoting kweiss10
in the last few hours the yen has strengthened a bit and the dollar has weakened a bit. if it balances out, it will go back up over 103 but if dollar weakens anymore, then we can go to below 102.50
there is no more news. what could weaken the dollar or strengthen the yen?
  • #40,303
  • Dec 10, 2013 10:19am Dec 10, 2013 10:19am
Quoting testing3000
{quote} there is no more news. what could weaken the dollar or strengthen the yen?
people are getting chilly on the tapering issue. plus this lack of news releases gives room for speculation which pushes either up or down depending on the market mood. i think today people were just unsure if taper will continue or not so fear pushed the dollar down. as u see its back up. lets see where it closes tonight
  • #40,304
  • Dec 10, 2013 10:50am Dec 10, 2013 10:50am
hm, i expected this movement for yesterday exit yesterday with loss.
just do it
  • #40,305
  • Dec 10, 2013 11:01am Dec 10, 2013 11:01am
The USD JPY is in no mans land for me. It is trading below the daily pivot and above both the weekly pivot and the weekly Fibonacci pivot. Will wait until tomorrow to see how the DP plays out. I'm looking for a close below both weekly pivots and a subsequent close below the 50 on the H4
  • #40,306
  • Dec 10, 2013 11:27am Dec 10, 2013 11:27am
Quoting kweiss10
{quote} people are getting chilly on the tapering issue. plus this lack of news releases gives room for speculation which pushes either up or down depending on the market mood. i think today people were just unsure if taper will continue or not so fear pushed the dollar down. as u see its back up. lets see where it closes tonight
do u know when is the taper date?
  • #40,307
  • Dec 10, 2013 12:01pm Dec 10, 2013 12:01pm
looks like in the support zone - not a bad idea for entering a small size buy position, sl 102.33 or something.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #40,308
  • Dec 10, 2013 12:08pm Dec 10, 2013 12:08pm
Quoting bikov
looks like in the support zone - not a bad idea for entering a small size buy position, sl 102.33 or something.
Yes sir. I was thinking about picking up some more here.
Attached Image (click to enlarge)
Click to Enlarge Name: Support.PNG Size: 161 KB
"A true speculator tries the market small." - Jesse Livermore
  • #40,309
  • Dec 10, 2013 12:12pm Dec 10, 2013 12:12pm
Quoting Jgcole83
{quote} Yes sir. I was thinking about picking up some more here. {image}
for long term or short term? the fact that buyers couldn't push it back above 103 after testing 102.6 doesn't worry you as well as negative divergence in the daily?
  • #40,310
  • Edited 12:34pm Dec 10, 2013 12:14pm | Edited 12:34pm
Quoting iNSIELD
{quote} for long term or short term? the fact that buyers couldn't push it back above 103 after testing 102.6 doesn't worry you as well as negative divergence in the daily?
I'm stacking my position and its more long term. My Tp levels I'll be watching carefully are 106, 110. I almost have my complete position in uj and will probably start focusing more on eurusd. I'm just aching to build a large short position in eurusd.
"A true speculator tries the market small." - Jesse Livermore
  • #40,311
  • Dec 10, 2013 1:30pm Dec 10, 2013 1:30pm
zone around 102.60 well defended. now counterattack to 103...
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #40,312
  • Dec 10, 2013 1:31pm Dec 10, 2013 1:31pm
Quoting Care forex
{quote}do u know when is the taper date?
nope
  • #40,313
  • Dec 10, 2013 1:32pm Dec 10, 2013 1:32pm
Quoting bikov
zone around 102.60 well defended. now counterattack to 103...
A fight for the daily close. I love this turbulence. Fun scalping
  • #40,314
  • Dec 10, 2013 1:36pm Dec 10, 2013 1:36pm
Quoting bikov
zone around 102.60 well defended. now counterattack to 103...
Inserted Video
"A true speculator tries the market small." - Jesse Livermore
  • #40,315
  • Dec 10, 2013 2:16pm Dec 10, 2013 2:16pm
nice bounce from the 200 sma on the hourly chart! i longed at 102.65 targeting 103.10 SL @ 102.35
Attached Image (click to enlarge)
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  • #40,316
  • Dec 10, 2013 2:21pm Dec 10, 2013 2:21pm
options point to the downside risk protection, daily chart has sell signal formed - all in all very risky to long now
  • #40,317
  • Dec 10, 2013 2:23pm Dec 10, 2013 2:23pm
Quoting Ulterior
options point to the downside risk protection, daily chart has sell signal formed - all in all very risky to long now
Looks like price is bouncing off support on the daily to me.
Attached Image (click to enlarge)
Click to Enlarge Name: Daily.PNG Size: 129 KB
"A true speculator tries the market small." - Jesse Livermore
  • #40,318
  • Dec 10, 2013 3:39pm Dec 10, 2013 3:39pm
PA is resting on 50MA on 4hr chart, nice gentle loop around to flat.
The bulls amongst you will find comfort in that formation.
I am a bull, but shit happens....

edit: PA is also having difficulty pushing above 102.80 just at the moment....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #40,319
  • Dec 10, 2013 5:25pm Dec 10, 2013 5:25pm
Quoting Jgcole83
{quote} http://www.youtube.com/watch?v=oRHCUolq2jQ

yes, something like that
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #40,320
  • Dec 10, 2013 5:56pm Dec 10, 2013 5:56pm
There will be blood - commercials and large spec. at extreme (opposite) levels :
Attached Image (click to enlarge)
Click to Enlarge Name: Yen-COT.png Size: 41 KB
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
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