USD/JPY Discussion | Page 2132 | 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

  • #42,621
  • Feb 3, 2014 10:39pm Feb 3, 2014 10:39pm
Quoting zusch
Tuesday should be another down day for U/J. Has already put in a 38.2% retrace of Monday's move. Expect at least another low past 100.77. Giving a specific target below there is just guesswork.
There's really no news tomorrow that could force this pair down to that level. I'm looking for a bounce from oversold levels to 101.58 and possibly 102. Then depending on NFP you'll see some real movement.
"A true speculator tries the market small." - Jesse Livermore
  • #42,622
  • Feb 3, 2014 10:40pm Feb 3, 2014 10:40pm
Smash: "[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]Well, as long as we learn from our mistakes, right?"[/highlight]

Amen brother.
"A true speculator tries the market small." - Jesse Livermore
  • #42,623
  • Feb 3, 2014 10:41pm Feb 3, 2014 10:41pm
Quoting Slim Buffett
Perhaps you should think about the last time I replied to you ?
Yeah, I'll definitely be thinking about it now, slim!
Please check out my blog at https://from-zero-to-hero . net
  • #42,624
  • Feb 3, 2014 10:44pm Feb 3, 2014 10:44pm
Quoting Jgcole83
{quote} There's really no news tomorrow that could force this pair down to that level. I'm looking for a bounce from oversold levels to 101.58 and possibly 102. Then depending on NFP you'll see some real movement.
No real news to keep the pair up would be the other side of that coin. I'm just following the tea leaves in the chart.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #42,625
  • Feb 3, 2014 10:47pm Feb 3, 2014 10:47pm
Quoting smash1820
{quote} Well, as long as we learn from our mistakes, right? {quote} Yeah... tell me about it (actually, don't). I'm honestly a bit embarrassed about what happened last night, because I should have known better. For some reason I have to repeat the same mistake about 10 times over before it actually "clicks" in my head and I can learn from it... lol I can't tell you the number of times I've busted my account, but that's probably because my expectations are so high. 1,000% even 10,000% for me is never enough! And yes, I am an extremely aggressive...

Hey don't feel bad

You were way to greedy

an the YEN came back an kicked you in the ass
Attached Image
  • #42,626
  • Edited 11:15pm Feb 3, 2014 11:04pm | Edited 11:15pm
lol what a picture, that about sums up how i feel.

Yes... Lesson learned... for the 10,001st time: GREED IS THE ENEMY!

I kinda kicked my own ass last night, though...

Fear not, for I will be returning the ass kicking very soon
Please check out my blog at https://from-zero-to-hero . net
  • #42,627
  • Feb 3, 2014 11:21pm Feb 3, 2014 11:21pm
Quoting eqshack
1h close above that red line aka 101.19 will take us towards daily pivot.My target still is 101.90 area..GL 5lots open STOPLOSS @ BE {image}
Very nice trade
Only the strong survives!
  • #42,628
  • Feb 3, 2014 11:28pm Feb 3, 2014 11:28pm
Quoting htsang
{quote} Very nice trade
Thanks. It went exactly 101.377 i still see potential to go above that area but i already have doubts.watching closely..specially DAXX opening
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #42,629
  • Feb 3, 2014 11:45pm Feb 3, 2014 11:45pm
USDJPY just tested 101.00 critical level, a bullish signal, few small news in favor of USD will ensure the long, H4 candle close below 101.0 level will be the STOPLOSS for long position.
  • #42,630
  • Feb 3, 2014 11:49pm Feb 3, 2014 11:49pm
Quoting forexhints
USDJPY just tested 101.00 critical level, a bullish signal,
A bullish signal why ?
When the Joker is in the deck.. fear not and play it well
  • #42,631
  • Feb 3, 2014 11:52pm Feb 3, 2014 11:52pm
NIKKEI playing a fool. 14048- little more and we go under this area :X ( hope not ) and usdjpy will go lower
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #42,632
  • Feb 4, 2014 12:09am Feb 4, 2014 12:09am
Can't understand WTF happening to this pair. Not even waiting for NFP
Or BOJ failed to control inflation
You cannot learn better without losing
  • #42,633
  • Edited 12:27am Feb 4, 2014 12:14am | Edited 12:27am
Pretty textbook technical setup playing out. Price action always clearer around the close and open of monthly candles.

forexings - Anyone looking to buy U/J should wait until just before the NFP release, not 8 hours before. Would also be a more attractive trade if below 100.77 where there is potential for a bear trap (instead of consolidating within yesterday's range).

Edit: Didn't check this until now, but not surprisingly, 65% of retail traders are long U/J. http://fxtrade.oanda.co.uk/analysis/...osition-ratios
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #42,634
  • Feb 4, 2014 12:21am Feb 4, 2014 12:21am
Hello YEN Masters

Went long an piked out

Must admit did not expect it to drop this much

Got a few under water

AUD/NZ been good

GBP/NZ been good
  • #42,635
  • Feb 4, 2014 12:25am Feb 4, 2014 12:25am
Well,

I see it near 100 level, and there it will wait for NFP. Still NIKKEI is tumbling like crazy so UJ will slowly follow.
  • #42,636
  • Feb 4, 2014 12:32am Feb 4, 2014 12:32am
I shorted at 101.07 should I set stoploss now at 101 ? Or It will go down more... ? I see GJ has fallen 300 points from monday opening... there should be some retracement now..
  • #42,637
  • Feb 4, 2014 12:45am Feb 4, 2014 12:45am
Quoting smash1820
lol what a picture, that about sums up how i feel. Yes... Lesson learned... for the 10,001st time: GREED IS THE ENEMY! I kinda kicked my own ass last night, though... Fear not, for I will be returning the ass kicking very soon
Commiserations. I am still holding my longs from last week, however I suspect my trade leverage is somewhat less than yours.

On a brighter note ( ) PA is just coming down to the 62% fib retracement, depending upon where you draw the start.
The closer we get to 100 the more I expect the BoJ to do something to push the Yen down.
...and there is always Friday
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #42,638
  • Feb 4, 2014 12:49am Feb 4, 2014 12:49am
Quoting iahmedz
I shorted at 101.07 should I set stoploss now at 101 ? Or It will go down more... ? I see GJ has fallen 300 points from monday opening... there should be some retracement now..
Hello,

Wait till 10, when Europe opens, than You will see ride down
  • #42,639
  • Feb 4, 2014 1:09am Feb 4, 2014 1:09am
Quoting mazurskilos
{quote} Hello, Wait till 10, when Europe opens, than You will see ride down
Why do you say that? What evidence do you have to back that up? The market already priced in negative news, the US and Asian equities are closed, and there is no news coming out. While a move up or a move down is of course possible based on price action, IMO this pair will range in the coming hours (101.37-100.77)
  • #42,640
  • Feb 4, 2014 1:13am Feb 4, 2014 1:13am
look for support around 100 flat
24 traders viewing now