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USD/JPY Discussion

  • #42,441
  • Jan 31, 2014 8:59am Jan 31, 2014 8:59am
Possible bounce from support areas (S1) should get to 102.90 lvl so looks good so far
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  • #42,442
  • Jan 31, 2014 9:08am Jan 31, 2014 9:08am
  • #42,443
  • Jan 31, 2014 9:10am Jan 31, 2014 9:10am
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.
just to clarify though.
i would not be holding my long here for need of more pips, i do just fine taking these for 1:2.
but holding trades for justifiable reasons is something different.
and of course f you are already making pips, why not more ?
  • #42,444
  • Jan 31, 2014 9:18am Jan 31, 2014 9:18am
Quoting wannabtrader
{quote} just to clarify though. i would not be holding my long here for need of more pips, i do just fine taking these for 1:2. but holding trades for justifiable reasons is something different. and of course f you are already making pips, why not more ?
once we get to 103.30 or there about SL will be moved to BE and ill take half off of course and then the rest runs for a however long it takes and then once its satisfied. A trailing stop will be put in place.
  • #42,445
  • Jan 31, 2014 9:28am Jan 31, 2014 9:28am
Quoting IveGotQuads
{quote} once we get to 103.30 or there about SL will be moved to BE and ill take half off of course and then the rest runs for a however long it takes and then once its satisfied. A trailing stop will be put in place.
Lets hope we can get there. Sudden drop.
  • #42,446
  • Jan 31, 2014 9:31am Jan 31, 2014 9:31am
Quoting IveGotQuads
{quote} once we get to 103.30 or there about SL will be moved to BE and ill take half off of course and then the rest runs for a however long it takes and then once its satisfied. A trailing stop will be put in place.
103.30 is probably a good bet.
imo short term sell region is 103.
right now though price is not cooperating and moving slowly down.
im having a drink will check in later.
  • #42,447
  • Jan 31, 2014 9:38am Jan 31, 2014 9:38am
I lowered my stop to 101.76 but that is the max i can give for this trade .. 101.83 should hold
  • #42,448
  • Jan 31, 2014 9:39am Jan 31, 2014 9:39am
Quoting Bluescalper
I lowered my stop to 101.76 but that is the max i can give for this trade .. 101.83 should hold

Lets hope!
  • #42,449
  • Jan 31, 2014 9:50am Jan 31, 2014 9:50am
indications are diverging with every low it makes hence i prefer to hold this long till the stop loss
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  • #42,450
  • Jan 31, 2014 9:56am Jan 31, 2014 9:56am
Its a blood bath with the Euro, not to mention RBS is forcasting a an ECB rate cut.
  • #42,451
  • Jan 31, 2014 10:02am Jan 31, 2014 10:02am
Quoting Mr.C
Good morning traders. Seems like yesterday's USD/JPY short, after a bit of a struggle, is now getting some downside power. The position is floating with some profit already and SL @ +1. My TP1 is located @ 102,20. Wish all a wonderful day with lost of good mood!
TP1 reached, but without me. Yesterday's ‪‎USD/JPY short stopped out at +1.

No new calls today. Calling it a day and week. Wish all a nice Friday evening.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #42,452
  • Edited 10:26am Jan 31, 2014 10:06am | Edited 10:26am
a break above blue rectangle before going lower would be good.
edit: what am i saying lol, no going down just go up.
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  • #42,453
  • Jan 31, 2014 10:34am Jan 31, 2014 10:34am
Im still in it, although I know a lot of ppl's stops were trigggered. nothing could be helped if the ECB spreads rumors about cutting rates sending the euro down suddenly . I think that by itself is manageable but price retesting 102.00 5 times in the past couple of days is not something to ignore.
When you factor in the fact the theres an inverse coorelataion with the stock market and right now its down across all boards, the Yen is safe haven hence the fleeing of everybody into Jpy. The market doesnt do what we want it does what it wants.

Im still holding my position as my SL is wide enough to withstand all these noise, but theres going to be a lot of pain. Just noting the new developments, anybody is welcome to dispute this. I hope im wrong
  • #42,454
  • Jan 31, 2014 10:39am Jan 31, 2014 10:39am
Quoting IveGotQuads
Im still in it, although I know a lot of ppl's stops were trigggered. nothing could be helped if the ECB spreads rumors about cutting rates sending the euro down suddenly . I think that by itself is manageable but price retesting 102.00 5 times in the past couple of days is not something to ignore. When you factor in the fact the theres an inverse coorelataion with the stock market and right now its down across all boards, the Yen is safe haven hence the fleeing of everybody into Jpy. The market doesnt do what we want it does what it wants. Im still...
I am still in. Not pulling out, I will get stopped before that. I am able to draw down a good amount.
  • #42,455
  • Jan 31, 2014 11:03am Jan 31, 2014 11:03am
Quoting IveGotQuads
Im still in it, although I know a lot of ppl's stops were trigggered. nothing could be helped if the ECB spreads rumors about cutting rates sending the euro down suddenly . I think that by itself is manageable but price retesting 102.00 5 times in the past couple of days is not something to ignore. When you factor in the fact the theres an inverse coorelataion with the stock market and right now its down across all boards, the Yen is safe haven hence the fleeing of everybody into Jpy. The market doesnt do what we want it does what it wants. Im still...
still in also bud.
waiting patiently to see price get above that m15 lh
from what iv seen m15 highs and lows are significant on h4 swings
  • #42,456
  • Edited 11:18am Jan 31, 2014 11:06am | Edited 11:18am
took a long at 102.2 target 103.40-70 i think wednesday taper effect not priced yet, thought im bearish in this pair always,
also MM need a better set up for short and brake 100 psychologically line
  • #42,457
  • Jan 31, 2014 11:12am Jan 31, 2014 11:12am
i would actually consider this quite a good entry if i wasn't already in, considering h4 etc
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  • #42,458
  • Jan 31, 2014 12:26pm Jan 31, 2014 12:26pm
My forecast!
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  • #42,459
  • Jan 31, 2014 12:41pm Jan 31, 2014 12:41pm
Quoting Zink
My forecast! {image}
daily rsi is coming out of oversold and we are at h4 support levels in uptrend.
so I disagree, but interesting to see your point of view and anything is possible.

good luck
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  • #42,460
  • Jan 31, 2014 12:58pm Jan 31, 2014 12:58pm
this level on m15 needs to go before the end of the week.
im seeing some nice setups on other pairs, gbp/usd , usd/chf etc, so next week should be interesting.
good weekend to all.
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