USD/JPY Discussion | Page 2090 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #41,781
  • Jan 19, 2014 9:56pm Jan 19, 2014 9:56pm
Quoting eliteincome
Hello US/JPY Read this FXCM Have a few longs under water So will be a we bit carefull,not to load up to much in case it drops a donut The USDJPY Elliott wave position identifies support between 104.00 and 103.00, which is setting up a rally towards 106.00. The trade for next week is as follows: Trade Entry: Buy USDJPY at 104.00 Stop Loss: Place stop at 103.00 Initial Target: 106.00 Intermarket Analysis: Be sure to confirm US bond yields are indeed rallying before trading
yes goode
  • #41,782
  • Jan 19, 2014 10:40pm Jan 19, 2014 10:40pm
Quoting eliteincome
Hello US/JPY Read this FXCM Have a few longs under water So will be a we bit carefull,not to load up to much in case it drops a donut The USDJPY Elliott wave position identifies support between 104.00 and 103.00, which is setting up a rally towards 106.00. The trade for next week is as follows: Trade Entry: Buy USDJPY at 104.00 Stop Loss: Place stop at 103.00 Initial Target: 106.00 Intermarket Analysis: Be sure to confirm US bond yields are indeed rallying before trading
Recently the trend seems to have changed to where at the beginning of the week on Monday in Japan we see a dip that seems to be followed by a reversal on. Let's see what happens this week to confirm if it repeats last week.
  • #41,783
  • Jan 19, 2014 11:42pm Jan 19, 2014 11:42pm
Hang Seng and China Index in the red today. No one is buying before Chinese New Years. Most are selling to cash out before Chinese New Years. CEI -130.41 & HSI-185.80
  • #41,784
  • Jan 20, 2014 12:06am Jan 20, 2014 12:06am
Hello US/JPY

Lets see 7.00 pm NZ time

EUR/US creeping up

lets me see if US/JPY drops below 104
  • #41,785
  • Jan 20, 2014 12:56am Jan 20, 2014 12:56am
Quoting Exodus
{quote} ...and yet, gold went up 1% which is completely at odds with a strong dollar.
...as I slept on it I realized, somebody in Euroland was/is buying gold. Expect a Euro-shock this week.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #41,786
  • Jan 20, 2014 1:21am Jan 20, 2014 1:21am
USDJPY forecast for the week 20th January, 2014
Daily Chart
http://3.bp.blogspot.com/-hoRDWvmUZl...1-20_16-21.jpg

  1. Based on the daily chart, Price action clearly rejected from support with a bullish englufing candle
  2. Potential for new highs

4h Hourly Chart
http://3.bp.blogspot.com/-9Nu6Ds2_Ek...1-20_16-21.jpg

  1. There is a slight divergence on the stochastic
  2. Asian Session started lower, and found support at the 50% retrace
  3. Trend followers should consider going long from here

Hourly Chart

http://2.bp.blogspot.com/-xdKAHKie0T...1-20_16-21.jpg

  1. The 50% retrace level, is also a confluence of fib ext 127.2 from recent swing down (retrace leg), if this level fails, the 61.8% is next support (and 161.8 ext)
  2. Next potential strong resistance is at the 106.-106.200 where we find many confluence of fib ext levels - Counter trend setup

Outlook Trade opportunity
Opportunity to go long following confirmation in Daily chart. (Please see H4)

Another opportunity is a counter trend trade which probably won't be this week, however would setup a sell order at the projected major resistance level (please see H1 Chart)

Only the strong survives!
  • #41,787
  • Jan 20, 2014 1:32am Jan 20, 2014 1:32am
i have longed this pair from 104. the road block on the way is the ema 55 which is at 104.28. if we clear that then there is a clear path to 104.90
Come tomorrow, I'll wake up new
  • #41,788
  • Jan 20, 2014 4:44am Jan 20, 2014 4:44am
It shouldn't come this high (104.25)
The Market pays you to be disciplined
  • #41,789
  • Jan 20, 2014 5:38am Jan 20, 2014 5:38am
Quoting htsang
USDJPY ....


No need to use yellow marker ...
The Market pays you to be disciplined
  • #41,790
  • Jan 20, 2014 7:17am Jan 20, 2014 7:17am
Hello,

a simple vision of the usdjpy monthly chart with a 20EMA and 14RSI (again in oversold conditions).

Time to short around 105?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy m.png Size: 35 KB
  • #41,791
  • Jan 20, 2014 11:00am Jan 20, 2014 11:00am
Hello everyone!
  • #41,792
  • Jan 20, 2014 11:33am Jan 20, 2014 11:33am
I am short USDJPY and seeking a drop to 103.50/30 lvl ....
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 102 KB
  • #41,793
  • Jan 20, 2014 12:06pm Jan 20, 2014 12:06pm
Quoting suntan
{quote} Thanks Sean. Sorry for all the questions but could you please elaborate on the benefits of OTC or point me in the direction of where I can source the info for myself? I've recently started writing options and I have access to both Globex and OTC but currently only use OTC. Have a good weekend. Andrew


OTC options provide two benefits over the GLOBEX version, the commission should be lower, and in some cases can be negotiated to be zero and it allows for the creation of “exotic” options, such as DNT between the two parties.

That said, retail traders in most cases do not have access to this market, mainly because the counterparty, such as a large bank or fund would not be interested in your trade or business.

If you’re with a “FX broker” and they offer OTC options, this isn’t the same as the OTC market I’m describing. In those cases your trading against your broker, who may or may not hedge against your position and certainly do not want you to make any money. Since your broker prices the trade (gives you the quote) you need to be very careful, certainly a manual calculation on your end is mandatory – now we start talking about quantitative analysis.
  • #41,794
  • Jan 20, 2014 12:18pm Jan 20, 2014 12:18pm
Quoting Bluescalper
I am short USDJPY and seeking a drop to 103.50/30 lvl .... {image}
How did you come up with 103.5?
  • #41,795
  • Jan 20, 2014 12:22pm Jan 20, 2014 12:22pm
Snap - looking for 103.65
Carpe Vinum.
  • #41,796
  • Jan 20, 2014 12:35pm Jan 20, 2014 12:35pm
Quoting stylinex
{quote} How did you come up with 103.5?
projected target for my short is about 103.50-30 lvl . That is support zone on charts. 2014.01.14
  • #41,797
  • Jan 20, 2014 12:49pm Jan 20, 2014 12:49pm
lol
  • #41,798
  • Jan 20, 2014 3:28pm Jan 20, 2014 3:28pm
i am out with my short which i do week ago from 104,68 +48pips. I could take a better spot to close but.... meh
  • #41,799
  • Jan 20, 2014 3:48pm Jan 20, 2014 3:48pm
around 103.60 would be nice to exit...
The Market pays you to be disciplined
  • #41,800
  • Jan 20, 2014 7:15pm Jan 20, 2014 7:15pm
anybody hear any "rumors" as to the BOJ rates decision (or other policy changes) tomorrow.......
Strange movement just now on Hilsenrath's WSJ "opinion" that FED will lower QE on Jan 29th..
USUALLY not that kind of IMMEDIATE movement on just this guys oppinion
35 traders viewing now