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USD/JPY Discussion

  • #41,541
  • Jan 13, 2014 11:34am Jan 13, 2014 11:34am
Quoting Ulterior
{quote} nah, took 10 pips out of it, things have changed since, but 104.15 is very probable, will look forward to get into it if it makes HL
That's unfortunate you were so certain too. Where was your entry? I assume you were looking for the pullback after it collapsed. The daily chart showed the trend change, but I know it depends on a time frame. The momentum is just too strong.

I posted charts (so there is no more tit for tat) from a month ago where I said 105+ was probable, roughly 200 pips higher. Then posted a chart from last week showing the potential for a pullback . The daily showed consolidation and lack of momentum that caused the rollover. Simple S/R has taken over.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-12-08-TOS_USDJPY1.png Size: 305 KB
Click to Enlarge Name: 2013-12-08-TOS_USDJPY2.png Size: 278 KB
Click to Enlarge Name: 2014-01-10-TOS_USDJPY.png Size: 175 KB
When the facts change I change my mind, what do you do sir
  • #41,542
  • Jan 13, 2014 11:35am Jan 13, 2014 11:35am
Quoting Abdulaziz_D
{quote} just to support my view with 4H chart good luck all hope to succeed {image}

Sell yet?
  • #41,543
  • Jan 13, 2014 12:03pm Jan 13, 2014 12:03pm
Quoting Abdulaziz_D
{quote} chart to support? as i can see it will continue heading south as i'm holding my Short till 102.97 which is the Fibo support level 3 as we break the support level 2 already at 103.49
Good call, just barely missed it. Hit 102.982 which triggered my buy order at 103. My buy order to sell what I had bought before did not clear until another pip or two below my buy order
  • #41,544
  • Jan 13, 2014 12:11pm Jan 13, 2014 12:11pm
Quoting stylinex
{quote} Sell yet?
My TP at 102.85 but i may close it anytime but seems still south.. I'm not on my PC just using my phone while trading i took today around 50 pips which i considered good. See you tomorrow .
  • #41,545
  • Jan 13, 2014 12:15pm Jan 13, 2014 12:15pm
Quoting Pip Anon
{quote} That's unfortunate you were so certain too. Where was your entry? I assume you were looking for the pullback after it collapsed. The daily chart showed the trend change, but I know it depends on a time frame. The momentum is just too strong. I posted charts (so there is no more tit for tat) from a month ago where I said 105+ was probable, roughly 200 pips higher. Then posted a chart from last week showing the potential for a pullback . The daily showed consolidation and lack of momentum that caused the rollover. Simple S/R has taken over....
There's a reason Ulterior made his way to my short list of people ignored. He's ignorant.

I'm looking for a buy in this around 103 - 102.50 and gbp/jpy I'll start buying probably around 168.75 if it holds. If not I'll look for a buy around 168.00. Went short gbp/jpy 172.40 and closed it a little early at 170.55.
"A true speculator tries the market small." - Jesse Livermore
  • #41,546
  • Jan 13, 2014 12:35pm Jan 13, 2014 12:35pm
Quoting Jgcole83
{quote} There's a reason Ulterior made his way to my short list of people ignored. He's ignorant. I'm looking for a buy in this around 103 - 102.50 and gbp/jpy I'll start buying probably around 168.75 if it holds. If not I'll look for a buy around 168.00. Went short gbp/jpy 172.40 and closed it a little early at 170.55.

Lol, boy I haven't looked at Geppy as much as I like. I think we will see some support at 102.50, but I think the dollar is still down. The way I figure is the Fed is likely going to taper, and stocks will continue downward. Traders will have to focus on the economics, and they are rather weak.

I think the steady decline, grind or otherwise, will continue to perk up JPY and dollar will have a rough time. Sterling and euro are starting to decline. The euro and sterling were top performers in 2013, and I think they will pullback quite a bit given that the corresponding economies are not all that anything.. I am bullish on NZD and JPY
When the facts change I change my mind, what do you do sir
  • #41,547
  • Jan 13, 2014 12:39pm Jan 13, 2014 12:39pm
Quoting Pip Anon
{quote} Lol, boy I haven't looked at Geppy as much as I like. I think we will see some support at 102.50, but I think the dollar is still down. The way I figure is the Fed is likely going to taper, and stocks will continue downward. Traders will have to focus on the economics, and they are rather weak. I think the steady decline, grind or otherwise, will continue to perk up JPY and dollar will have a rough time. Sterling and euro are starting to decline. The euro and sterling were top performers in 2013, and I think they will pullback quite a bit...
Yeah, I just recently started paying more attention to Geppy because when it moves it really moves. When it broke out of the cloud it couldn't continue higher. Now its just creating lower highs and lower lows. I'm not overly bullish on it right now, but I am looking for a little bit of a bounce.

I'll actually probably start stacking shorts after we get a bounce.
Attached Image (click to enlarge)
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"A true speculator tries the market small." - Jesse Livermore
  • #41,548
  • Jan 13, 2014 1:22pm Jan 13, 2014 1:22pm
Quoting Abdulaziz_D
{quote} My TP at 102.85 but i may close it anytime but seems still south.. I'm not on my PC just using my phone while trading i took today around 50 pips which i considered good. See you tomorrow .
Good call, hit it at 102.856
  • #41,549
  • Jan 13, 2014 1:35pm Jan 13, 2014 1:35pm
Quoting Abdulaziz_D
{quote} My TP at 102.85 but i may close it anytime but seems still south.. I'm not on my PC just using my phone while trading i took today around 50 pips which i considered good. See you tomorrow .
Target hit TP.. Good night all
  • #41,550
  • Jan 13, 2014 1:46pm Jan 13, 2014 1:46pm
Quoting abdulaziz_d
{quote} target hit tp.. Good night all
ليلة سعيدة
  • #41,551
  • Jan 13, 2014 2:16pm Jan 13, 2014 2:16pm
Attached Image (click to enlarge)
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  • #41,552
  • Jan 13, 2014 2:24pm Jan 13, 2014 2:24pm
Just some thoughts from the daily chart.
Looks like it will oscillate between 102.8-105.2 for a while.
I will be surprised if it drops below 102.20 although the weekly chart looks very bearish.
  • #41,553
  • Jan 13, 2014 2:37pm Jan 13, 2014 2:37pm
http://www.zerohedge.com/news/2014-0...end-has-turned
  • #41,554
  • Jan 13, 2014 3:25pm Jan 13, 2014 3:25pm
Quoting starTrades00
What trend line are you referring to?
the ones i draw on my charts
  • #41,555
  • Jan 13, 2014 3:32pm Jan 13, 2014 3:32pm
Quoting PoundTrader
{quote} the ones i draw on my charts
  • #41,556
  • Jan 13, 2014 3:32pm Jan 13, 2014 3:32pm
Quoting starTrades00
{quote}
lol
  • #41,557
  • Jan 13, 2014 3:34pm Jan 13, 2014 3:34pm
look like a big drop is about to happen, so far downtrend in place until otherwise http://www.easyfreesmileys.com/smile...mileys-220.gif
  • #41,558
  • Jan 13, 2014 4:04pm Jan 13, 2014 4:04pm
If you are bearish USDJPY, then this is a good location to go short

Short USDJPY 103.80-104.00
SL 40-50pips
TP 102.00

http://i43.tinypic.com/wrmie1.png
  • #41,559
  • Jan 13, 2014 4:29pm Jan 13, 2014 4:29pm
Quoting PoundTrader
look like a big drop is about to happen, so far downtrend in place until otherwise {image}
Japanese will milk this up this morning first then it should head back down.
  • #41,560
  • Jan 13, 2014 4:35pm Jan 13, 2014 4:35pm
Quoting ForexMGames
If you are bearish USDJPY, then this is a good location to go short Short USDJPY 103.80-104.00 SL 40-50pips TP 102.00 {image}
Maybe but we could see 100 pips of reversal here easily over the coming days.
I have no clue what I'm talking about.
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