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USD/JPY Discussion

  • #42,421
  • Jan 31, 2014 7:00am Jan 31, 2014 7:00am
Quoting Rizmeister
{quote} Please provide analysis for your claims before posting. There are many impressionable people on these forums, some who would carry a trade based off of it(sadly). 101.5 area will be hard to reach due to the support above. Not only that we have bottomed from the looks of it. The 102 region could be tested a few more times and it is late in the week and still I dont see it reaching that level.
yup, took a long on eur/usd and closed it at about be.
I think it is more likely eur/usd will go down than usd/jpy.
  • #42,422
  • Jan 31, 2014 7:09am Jan 31, 2014 7:09am
Quoting Razi89
{quote} well trade. i am short from 102.45 sl 103.it is one standard lot and i am risking 25% capital for 80% gain. let see
stop move to B.E
  • #42,423
  • Jan 31, 2014 7:19am Jan 31, 2014 7:19am
This might be an interesting day! I have clinic today how am I gonna watch the market hmmm!!
  • #42,424
  • Jan 31, 2014 7:24am Jan 31, 2014 7:24am
Quoting Rizmeister
This might be an interesting day! I have clinic today how am I gonna watch the market hmmm!!
I must say this bearish price action was unexpected...I hope its not NY traders reacting to old news because theres reports of Eur/Usd sell off
  • #42,425
  • Jan 31, 2014 7:26am Jan 31, 2014 7:26am
US Personal Income and Expenditures should tell the tale of the tape...
  • #42,426
  • Jan 31, 2014 7:29am Jan 31, 2014 7:29am
Left the stop at the lows and done with trading for the week
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  • #42,427
  • Jan 31, 2014 7:32am Jan 31, 2014 7:32am
Quoting IveGotQuads
{quote} I must say this bearish price action was unexpected...I hope its not NY traders reacting to old news because theres reports of Eur/Usd sell off
usd/jpy still looks bullish imo.
as far as eur/usd I closed my long at about be, but depending on what price does later today I might take a long again.
it is a similar situation to usd/jpy, support level in uptrend but price has not found buyers like usd/jpy.
will see what happens today, should be interesting.
  • #42,428
  • Jan 31, 2014 7:35am Jan 31, 2014 7:35am
Quoting wannabtrader
{quote} usd/jpy still looks bullish imo. as far as eur/usd I closed my long at about be, but depending on what price does later today I might take a long again. it is a similar situation to usd/jpy, support level in uptrend but price has not found buyers like usd/jpy. will see what happens today, should be interesting.
yeah overall its still bullish ...heck ive been bullish the past 2 days and I think my money says that LOL. But that initial NY reaction was just spooky, of course the markets are not perfect but human nature we always want things to go the way we want all the time.
  • #42,429
  • Jan 31, 2014 7:43am Jan 31, 2014 7:43am
Quoting IveGotQuads
{quote} yeah overall its still bullish ...heck ive been bullish the past 2 days and I think my money says that LOL. But that initial NY reaction was just spooky, of course the markets are not perfect but human nature we always want things to go the way we want all the time.
lol, you sound a bit paranoid.
but seriously though I understand where you are coming from, every uptick / downtick on my chart has me reconsidering my position.
  • #42,430
  • Jan 31, 2014 7:53am Jan 31, 2014 7:53am
Quoting Bluescalper
Left the stop at the lows and done with trading for the week {image}
according to what i have i can say we are heading to 102.90-103.00 first ( retracement ) but for that my stop should hold obviously
  • #42,431
  • Jan 31, 2014 7:53am Jan 31, 2014 7:53am
equities still selling off....unless equity selling pressure lifts, we will probably continue to see choppy pa in uj.
  • #42,432
  • Jan 31, 2014 7:56am Jan 31, 2014 7:56am
Quoting wannabtrader
{quote} lol, you sound a bit paranoid. but seriously though I understand where you are coming from, every uptick / downtick on my chart has me reconsidering my position.
To be honest this is my first losing positional trade this month , Ive been on a sick roll. Usually make the trade and overnight ill be sitting on 80+ pip profit. My problem was contemplating if to close or let some run. As you can see I have been calling out all my moves even to the last US session rally and for it to get shake , yes it all depends on this rally because you never know what may happen over the weekend
  • #42,433
  • Jan 31, 2014 8:02am Jan 31, 2014 8:02am
Quoting IveGotQuads
{quote} To be honest this is my first losing positional trade this month , Ive been on a sick roll. Usually make the trade and overnight ill be sitting on 80+ pip profit. My problem was contemplating if to close or let some run. As you can see I have been calling out all my moves even to the last US session rally and for it to get shake , yes it all depends on this rally because you never know what may happen over the weekend
are you long usd/jpy ?
eur/usd update, as I suspected price just went below previous low
  • #42,434
  • Jan 31, 2014 8:08am Jan 31, 2014 8:08am
Quoting wannabtrader
{quote} are you long usd/jpy ? eur/usd update, as I suspected price just went below previous low
yes on the 30th like 1am and its been whipsawing whithin an 80 pip range since then. And i happen to be in the midlle of it @ 120.52 entry
  • #42,435
  • Jan 31, 2014 8:09am Jan 31, 2014 8:09am
one thing that concerns me is eur/jpy.
h4 seems to be going straight down.
is this a bad sign for usd/jpy ?
  • #42,436
  • Jan 31, 2014 8:14am Jan 31, 2014 8:14am
Quoting IveGotQuads
{quote} yes on the 30th like 1am and its been whipsawing whithin an 80 pip range since then. And i happen to be in the midlle of it @ 120.52 entry
imo usd/jpy could easily get to 103 giving you an opportunity to close at be or small profit.
usd/jpy could even go higher imo so my tp is open for now.
but anything can happen.
  • #42,437
  • Jan 31, 2014 8:26am Jan 31, 2014 8:26am
Up...
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  • #42,438
  • Jan 31, 2014 8:28am Jan 31, 2014 8:28am
Quoting wannabtrader
{quote} imo usd/jpy could easily get to 103 giving you an opportunity to close at be or small profit. usd/jpy could even go higher imo so my tp is open for now. but anything can happen.
I have a 75 pip stop loss and its below the first bounce reversal....1st take profit is at 103.35 or in that zone and main TP is 104.47 I think some guy was LOL about it . I dont think he knows how often this things happen. In any event you can read in the back posts , its all documented why i took the trade. In retrospect I should just not even look at this trade because im not liquidating it...either i get stopped out or I get to where im going.
  • #42,439
  • Jan 31, 2014 8:40am Jan 31, 2014 8:40am
Quoting IveGotQuads
{quote} I have a 75 pip stop loss and its below the first bounce reversal....1st take profit is at 103.35 or in that zone and main TP is 104.47 I think some guy was LOL about it . I dont think he knows how often this things happen. In any event you can read in the back posts , its all documented why i took the trade. In retrospect I should just not even look at this trade because im not liquidating it...either i get stopped out or I get to where im going.
we are in uptrend so i agree that price could reach these levels.
i got in pretty cheap 102.17 and i take a lot of these trades so i am not too phased on the outcome.
i am just trying filter my trades and trade with the momentum of the trend, hoping that will further improve my performance.
so that is why my tp is open, otherwise i would be looking to tp at around 103 for 1:2 risk:reward.
  • #42,440
  • Jan 31, 2014 8:41am Jan 31, 2014 8:41am
Quoting IveGotQuads
{quote} I have a 75 pip stop loss and its below the first bounce reversal....1st take profit is at 103.35 or in that zone and main TP is 104.47 I think some guy was LOL about it . I dont think he knows how often this things happen. In any event you can read in the back posts , its all documented why i took the trade. In retrospect I should just not even look at this trade because im not liquidating it...either i get stopped out or I get to where im going.

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