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USD/JPY Discussion

  • #42,081
  • Jan 26, 2014 12:44pm Jan 26, 2014 12:44pm
How's everyone doing?

Have we gotten above the 104.60 mark (with a close, to be specific, some fu..head will pounce on anything)? LoL...

Actually we did hit 104.65 for a close but who's countin'

Anyway, whoever cares to take a gander.

What does it look like this week?

I would say DOWN...

Not straight down as some on this board insist it must do or they would declare me wrong.....

No, I think it will meander in this neighborhood for a bit, likely push back up to the bottom of the Symmetrical Triangle Reversal formation that I pointed out in my post over the last week or so that it broke out of on Friday...

Then rollover and head on back down.

That's my forecast.

Compliments welcome.

Any criticism? Talk to the wall. ;-)

Unless its constructive...
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  • #42,082
  • Jan 26, 2014 12:57pm Jan 26, 2014 12:57pm
along with NZD/JPY, Im long on USD/JPY :
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  • #42,083
  • Jan 26, 2014 1:24pm Jan 26, 2014 1:24pm
interesting views.....

CNBC calling for a bullish dollar prior to FOMC...

http://www.cnbc.com/id/101364312
  • #42,084
  • Jan 26, 2014 1:51pm Jan 26, 2014 1:51pm
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  • #42,085
  • Jan 26, 2014 2:49pm Jan 26, 2014 2:49pm
Quoting njr
interesting views..... CNBC calling for a bullish dollar prior to FOMC... http://www.cnbc.com/id/101364312
It will probably stay bullish until a bad news is released, but there are still a small chance that I could stay bearish because people are preparing themselves for the FOMC
  • #42,086
  • Jan 26, 2014 3:00pm Jan 26, 2014 3:00pm
Quoting Capelli
{quote} It will probably stay bullish until a bad news is released, but there are still a small chance that I could stay bearish because people are preparing themselves for the FOMC

Just add Hopium
  • #42,087
  • Jan 26, 2014 3:11pm Jan 26, 2014 3:11pm
Quoting Magix
Or... We could just simply wait for a test of the previously supported zone as resistance... {image}
I agree with this analysis....although by the time we would want to enter short the ADR of this pair would already be exausted
  • #42,088
  • Jan 26, 2014 3:14pm Jan 26, 2014 3:14pm
Quoting Capelli
along with NZD/JPY, Im long on USD/JPY : {image}
yeah theres room for an upside movement ( maybe about 100 pips) here although that will be counter trend trading. Nothing wrong with it as long as you are okay with the risk
  • #42,089
  • Jan 26, 2014 4:23pm Jan 26, 2014 4:23pm
looks like some easy 45 pips long, to close the gap,
im long (small position) already 101.8 to 102.25-50
thought trend is always bearish, even if we touch 103 again
  • #42,090
  • Jan 26, 2014 4:26pm Jan 26, 2014 4:26pm
Quoting artocarpus
looks like some easy 45 pips long, to close the gap, im long (small position) already 101.8 to 102.25-50 thought trend is always bearish, even if we touch 103 again

Dont be so quick. You never know what could happen. I will wait for tomorow before adding any long to that
  • #42,091
  • Jan 26, 2014 4:36pm Jan 26, 2014 4:36pm
Quoting Capelli
{quote} Dont be so quick. You never know what could happen. I will wait for tomorow before adding any long to that
quick is my name are you afraid of japanese data next hours?
i think no too much impact
GL
  • #42,092
  • Jan 26, 2014 4:36pm Jan 26, 2014 4:36pm
Quoting IveGotQuads
{quote} I agree with this analysis....although by the time we would want to enter short the ADR of this pair would already be exausted

In just kinda drawing a cross market correlation on a possible support...

I have posted my idea of EJ support, HERE.

Not that I am daring anybody to catch falling knives, just see this as a bit of a critical JPY point.

So, if we see support EJ, we see support UJ, it traces back a brownie and we may be able to look for another skort op.

All theory...

But hey, kinda sounds like I know WTF I'm talking bout, huh?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #42,093
  • Jan 26, 2014 4:41pm Jan 26, 2014 4:41pm
Quoting artocarpus
{quote} quick is my name are you afraid of japanese data next hours? i think no too much impact GL
Smae here, but I dont like adding much on the begginning of the week. I usually wait the day after. GL in your trade too
  • #42,094
  • Jan 26, 2014 4:51pm Jan 26, 2014 4:51pm
Quoting Capelli
{quote} Smae here, but I dont like adding much on the begginning of the week. I usually wait the day after. GL in your trade too
i always use fibo retracement H1 for 1-2 first days of the week and H4 for the rest days of the week, 23.6% H1 retracement 102.47
  • #42,095
  • Jan 26, 2014 4:56pm Jan 26, 2014 4:56pm
Quoting artocarpus
{quote} i always use fibo retracement H1 for 1-2 first days of the week and H4 for the rest days of the week, 23.6% H1 retracement 102.47

Cool, we have about the same target if 102.47 is you take-profits level
  • #42,096
  • Jan 26, 2014 5:43pm Jan 26, 2014 5:43pm
Quoting Capelli
{quote} Cool, we have about the same target if 102.47 is you take-profits level
and i got TP1 102.90 TP2 103.49 ..

got in with long 101.92 - 2 lots.


but all depends on NIKKEI -if she breaks under 14900 then we might go further down and even hit 100.65 area.But i rather see her going up again..above 15000
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #42,097
  • Jan 26, 2014 5:45pm Jan 26, 2014 5:45pm
Quoting eqshack
{quote} and i got TP1 102.90 TP2 103.49 .. got in with long 101.92 - 2 lots.
LOL! I got in at 101.96 also with 2 lots, but levels I'll be watching are 102.67 and then possibly 103.
"A true speculator tries the market small." - Jesse Livermore
  • #42,098
  • Jan 26, 2014 5:48pm Jan 26, 2014 5:48pm
Quoting Jgcole83
{quote} LOL! I got in at 101.96 also with 2 lots, but levels I'll be watching are 102.67 and then possibly 103.
hahaaa.... sweet lets see how she wants to dance
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #42,099
  • Jan 26, 2014 5:50pm Jan 26, 2014 5:50pm
Quoting eqshack
{quote} hahaaa.... sweet lets see how she wants to dance
Nikkei futures are up .27% right now which I like. Hopefully it keeps rising.
"A true speculator tries the market small." - Jesse Livermore
  • #42,100
  • Jan 26, 2014 5:52pm Jan 26, 2014 5:52pm
hah i jumped in 101.896 sooo with brutal mega heavy long
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