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USD/JPY Discussion

  • #40,721
  • Dec 23, 2013 10:39am Dec 23, 2013 10:39am
Nikkei futures points to 16k right now. Show must go on.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #40,722
  • Dec 23, 2013 11:45am Dec 23, 2013 11:45am
boring day. though down side was in the picture but now its going back up.

are the markets closed tomorrow?
  • #40,723
  • Dec 23, 2013 1:19pm Dec 23, 2013 1:19pm
uj is staging a upward move towards 104.55 at least. going long at 104.08.
use leverage with caution...
  • #40,724
  • Dec 23, 2013 4:05pm Dec 23, 2013 4:05pm
Monday was a dip to 38.2% weekly retrace with a daily close over 104. Possible the weekly low has been put in place.

For the rest of the week, I think 104 is a good place to be long for now. Now time to test the upper range of last week...and maybe make a new high.

Have a nice holiday everyone!
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #40,725
  • Dec 23, 2013 5:29pm Dec 23, 2013 5:29pm
Merry Christmas, Happy Holidays and all the best for the New Year
to all.
Hopefully see/read all next year.
  • #40,726
  • Dec 23, 2013 7:53pm Dec 23, 2013 7:53pm
Quoting jsshuai
uj is staging a upward move towards 104.55 at least. going long at 104.08.
it'll test 104.5 very soon now...
use leverage with caution...
  • #40,727
  • Dec 23, 2013 9:46pm Dec 23, 2013 9:46pm
Yes .. UJ will moving upward .. 104.6.. stdby.
  • #40,728
  • Dec 23, 2013 11:00pm Dec 23, 2013 11:00pm
2013-12-24_14-56.jpg

Prices is at my sell zone as per my trade setup from yesterday's post in this thread

---------

USDJPY D1 - 2013-12-23_00-09.jpg
USDJPY H1 - 2013-12-23_00-09.jpg

Quoting htsang
USDJPY Daily Outlook for 23rd December 2013 (Monday) **this is my personal favorite setup for the week** Daily Chart {image} {image} We are trading within the 104's area which is not a strong support We expect the market to test the resistance in the near term. Hourly Chart {image} Fell of a rising wedge and was according to my analysis last Friday I hope for market to go down to the blue area which is my demand level (50% fib retrace)which looks attractive as we haven't retested this area as an support after breakout to the 104's Outlook Trade...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-12-24_14-56.jpg Size: 183 KB
Click to Enlarge Name: USDJPY D1 - 2013-12-23_00-09.jpg Size: 195 KB
Click to Enlarge Name: USDJPY H1 - 2013-12-23_00-09.jpg Size: 234 KB
Only the strong survives!
  • #40,729
  • Dec 23, 2013 11:55pm Dec 23, 2013 11:55pm
Looks like it's pretty unanimous. Everyone is bullish on U/J...
  • #40,730
  • Dec 24, 2013 12:09am Dec 24, 2013 12:09am
Quoting card
Looks like it's pretty unanimous. Everyone is bullish on U/J...
Both fundamentally and technically unanimous. It's unavoidable. Merry Christmas!
Never let success get to your head because the market will punish you
  • #40,731
  • Dec 24, 2013 12:20am Dec 24, 2013 12:20am
Quoting card
Looks like it's pretty unanimous. Everyone is bullish on U/J...

That's why these pull backs must occur. Only the patient high probability trend traders will get the best entry + reentries


But not everyone is bullish, it's about 50-50. Still plenty of room to go higher long term. In the immediate term tho.... look out below imo
  • #40,732
  • Dec 24, 2013 12:24am Dec 24, 2013 12:24am
Quoting htsang
2013-12-24_14-56.jpg Prices is at my sell zone as per my trade setup from yesterday's post in this thread --------- USDJPY D1 - 2013-12-23_00-09.jpg USDJPY H1 - 2013-12-23_00-09.jpg {quote} {image} {image} {image}

My First target 15pips hit within just around an hour posting my previous update on this thread.

fIRST TARGET HIT.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: fIRST TARGET HIT.jpg Size: 144 KB
Only the strong survives!
  • #40,733
  • Dec 24, 2013 2:51am Dec 24, 2013 2:51am
Quoting htsang
{quote} My First target 15pips hit within just around an hour posting my previous update on this thread. fIRST TARGET HIT.jpg {image}

Hey guys,
Looking at a 15min chart, Could we potentially have a AB = CD? (leg b to c looks classic)


http://daily-forex-trader.blogspot.c...jpy-ab-cd.html

AB equals CD forming.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: AB equals CD forming.jpg Size: 205 KB
Only the strong survives!
  • #40,734
  • Dec 24, 2013 3:24am Dec 24, 2013 3:24am
on the 15 min i see an inverse HnS. i bought my shorts back at 103.85 looking to add some more long after it breaks 104.50 and retests scaling in now though.
  • #40,735
  • Dec 24, 2013 3:45am Dec 24, 2013 3:45am
Quoting falsify
on the 15 min i see an inverse HnS. i bought my shorts back at 103.85 looking to add some more long after it breaks 104.50 and retests scaling in now though.
i see what your seeing, it is also possible
Only the strong survives!
  • #40,736
  • Dec 24, 2013 3:55am Dec 24, 2013 3:55am
Quoting htsang
{quote} i see what your seeing, it is also possible
always over shoots on these patterns. i have a buy order in where the end of your abcd pattern is at 104.01 aswell if they try to get a flush.
  • #40,737
  • Dec 24, 2013 5:11am Dec 24, 2013 5:11am
104.4 could pose a nice resistance. Any breach will unleash more bullrun.
  • #40,738
  • Dec 24, 2013 6:03am Dec 24, 2013 6:03am
Quoting htsang
{quote} Hey guys, Looking at a 15min chart, Could we potentially have a AB = CD? (leg b to c looks classic) http://daily-forex-trader.blogspot.c...jpy-ab-cd.html AB equals CD forming.jpg {image}
Update - No more ab = cd ,
however at this stage its rejecting the Daily pivot R2 which also is the 78.6 fib

I am still in my earlier trade where i shorted around todays highs and took partial profit at daily R1 pivot point. Stops Breakeven.

Either way its gonna be fantastic - above 104.40 - could potentially bring a touch to the 105 (also what "pochuan" thinks)
ANd if it goes down to my prediction to around the >103, it gives us a better entry for the bull run (this is what i want!)
Attached Image (click to enlarge)
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Only the strong survives!
  • #40,739
  • Dec 24, 2013 9:39am Dec 24, 2013 9:39am
To resume the year: the trend is up and expecting much higher levels in 2014. Merry Christmas to all and happy holidays. Nothing to add here till the end of the year so everybody enjoy the holidays and more pips next year.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #40,740
  • Dec 24, 2013 10:26am Dec 24, 2013 10:26am
trend definitely still up, still think we're going to see around 103.50 before going to 105. Wouldn't be the first time I was wrong though
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