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USD/JPY Discussion

  • #42,801
  • Feb 6, 2014 11:25am Feb 6, 2014 11:25am
Quoting Ken A
{quote} I mainly concentrating on U/J, E/J and few N/J and A/J.
Nice to hear that Im not the only one who diversify my risk. Good job, how many pips you made ??
  • #42,802
  • Feb 6, 2014 11:27am Feb 6, 2014 11:27am
usd/jpy pushd up a little bit more as expected, well nice trading everybody.
  • #42,803
  • Feb 6, 2014 11:30am Feb 6, 2014 11:30am
and im out now btw, going short for some pips now when it hits the res
  • #42,804
  • Edited 11:42am Feb 6, 2014 11:30am | Edited 11:42am
Quoting capitulation
{quote} I am as bullish as you are bearish but I agree with what your saying. I don't think NFP is a flip however, the FOMC minutes painted a somewhat bullish view of the labor market. In any event it is how the market reacts that is really the most important anyway. I would love nothing more than to reload sub 100, but my feeling is at a moments notice this could be over 110 and never look back. I took my first yen position a week before the Tsunami, had a hell of a draw down but I stuck with it. When Abe looked like he was going to be elected...
respect the view
for me now 101.75 is the line in the sand on the downside
certainly won't be shorting anything before 103 and then we'll have to see how it trades there if we get there
for now the line in the sand is 101.75 for any retest which still potentially needs to happen before the move higher can be confirmed
  • #42,805
  • Feb 6, 2014 11:37am Feb 6, 2014 11:37am
Am I the only one who see some resistance around 102.2?
  • #42,806
  • Feb 6, 2014 12:23pm Feb 6, 2014 12:23pm
Quoting Paulenok
{quote} bought 101.850
Closed my long at 102.140

http://charts.mql5.com/3/813/usdjpy-...poration-2.png

since we nearly touched 102.190 I am staying away from the range 101.800-102.190 until 4HR closes above or below
  • #42,807
  • Feb 6, 2014 12:34pm Feb 6, 2014 12:34pm
I am still bearish on this pair. The bulls today activated my pending SELL orders , and now I am targeting first 99,50 and then 97,00ish levels. Now its the time for waiting...

http://img827.imageshack.us/img827/5817/c89a.png



Imagination rules the world ...
Selym Hyll Return This Year: na
  • #42,808
  • Feb 6, 2014 12:59pm Feb 6, 2014 12:59pm
Quoting capitulation
{quote} I like your point on EURJPY, it really got me thinking. I closed out most of my long and I am going watch this carefully. If it gets back to 100.8 there is going to be a giant magnet sucking it to 100.
I wish you didnt close your longs on EURJPY , you wud make lots of pips today :S I mostly watch weekly charts on EURJPY , and I am still looking for bearish opportunities. Todays up-move is just a retracement (or the part of a retracement) in my eyes , nothing more.
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #42,809
  • Feb 6, 2014 1:44pm Feb 6, 2014 1:44pm
Quoting snipereye
{quote} Hehe I see I see, well next time you make up for it! I hope u made it better on the stock market!
I have three accounts for stocks. The smallest has one trade on, and made up all the draw-down for my main forex account in about 4 days.

Anyways, I will be adding another UJ long after it nudges down a bit. One guy on here sees 102.2, which is possible, but I favour 102.4.
....l8r
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #42,810
  • Feb 6, 2014 1:49pm Feb 6, 2014 1:49pm
Quoting Capelli
{quote} Nice to hear that Im not the only one who diversify my risk. Good job, how many pips you made ??
Few pips here and there
  • #42,811
  • Feb 6, 2014 1:52pm Feb 6, 2014 1:52pm
Quoting Ken A
{quote} Few pips here and there
Like usual

You seems to be a senior member around here. How long have you been trading and been profitable ??
  • #42,812
  • Feb 6, 2014 1:54pm Feb 6, 2014 1:54pm
Quoting Capelli
{quote} Like usual You seems to be a senior member around here. How long have you been trading and been profitable ??
Forget about seniority no such thing in forex trading with such market dynamics can change every seconds

But fully concentrating long XXX/JPY from Oct 2012 since Abe took office.
  • #42,813
  • Feb 6, 2014 1:58pm Feb 6, 2014 1:58pm
Quoting selym_co
{quote} I wish you didnt close your longs on EURJPY , you wud make lots of pips today :S I mostly watch weekly charts on EURJPY , and I am still looking for bearish opportunities. Todays up-move is just a retracement (or the part of a retracement) in my eyes , nothing more.

Where do you think it will be the end of that retrace in eurjpy?
  • #42,814
  • Feb 6, 2014 2:01pm Feb 6, 2014 2:01pm
Quoting Ken A
{quote} Forget about seniority no such thing in forex trading with such market dynamics can change every seconds But fully concentrating long XXX/JPY from Oct 2012 since Abe took office.



Lol I remember 2012, I went long a couple of time on USD/JPY and made about 30%. Its just too bad that I later lost that money on EUR/USD


Nowaday, I try to buy dips when the Yen strengthen
  • #42,815
  • Feb 6, 2014 2:03pm Feb 6, 2014 2:03pm
Quoting Zink
{quote} Where do you think it will be the end of that retrace in eurjpy?
My personal opinion we have seen the bottom of most XXX/JPY unless USD/JPY can stay below 99.847 (all time mid) is another story.
  • #42,816
  • Feb 6, 2014 2:12pm Feb 6, 2014 2:12pm
Quoting Ken A
{quote} My personal opinion we have seen the bottom of most XXX/JPY unless USD/JPY can stay below 99.847 (all time mid) is another story.
Hi Ken A ;

I hate showing the same picture everywhere , but look at this monthly LFXJPY chart , and the formation in the circle is not that innocent. So I do not think that we are at the bottom.Anyway..here is the LFXJPY chart ...

http://img855.imageshack.us/img855/3693/m077.png


And here is the EURJPY weekly chart , I will be looking for bearish opportunities unless the descending trendline strating from the top is broken.

http://img513.imageshack.us/img513/7624/kajh.png

Imagination rules the world ...
Selym Hyll Return This Year: na
  • #42,817
  • Feb 6, 2014 2:24pm Feb 6, 2014 2:24pm
Quoting selym_co
{quote} Hi Ken A ; I hate showing the same picture everywhere , but look at this monthly LFXJPY chart , and the formation in the circle is not that innocent. So I do not think that we are at the bottom.Anyway..here is the LFXJPY chart ... {image} And here is the EURJPY weekly chart , I will be looking for bearish opportunities unless the descending trendline strating from the top is broken. {image}
Yes, you could be right and perhaps we are looking at different things as trade decision. I am not saying technical is not important but for JPY there're more to it.

As for E/J is not entirely depends on U/J. This will explain it:

EUR/USD x USD/JPY = EUR/JPY
EUR/JPY ÷ EUR/USD = USD/JPY
EUR/JPY ÷ USD/JPY = EUR/USD

U/J 101.50 (yellow line) is important level now

Green pips to you.
Attached Image (click to enlarge)
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  • #42,818
  • Feb 6, 2014 2:24pm Feb 6, 2014 2:24pm
Quoting stylinex
Something usually happens on Thursday or Friday. Either a big move up or down. Let's see how this plays out this week.
Good old reversal only this time it was up. Thursdays seem like the good days to play this pair.
  • #42,819
  • Feb 6, 2014 2:27pm Feb 6, 2014 2:27pm
Quoting selym_co
{quote} Hi Ken A ; I hate showing the same picture everywhere , but look at this monthly LFXJPY chart , and the formation in the circle is not that innocent. So I do not think that we are at the bottom.Anyway..here is the LFXJPY chart ... {image} And here is the EURJPY weekly chart , I will be looking for bearish opportunities unless the descending trendline strating from the top is broken. {image}
that last candle is bullish......is to close to that treand line!
  • #42,820
  • Feb 6, 2014 2:27pm Feb 6, 2014 2:27pm
Quoting Ken A
{quote} Yes, you could be right and perhaps we are looking at different things as trade decision. I am not saying technical is not important but for JPY there're more to it. Green pips to you.
Please do not misunderstand me...ı didnt want to disrespect. If ı was rude... I am sorry !!! I am not the master for sure ... But the LFX chart is like red eyeglasses for me while I am looking at JPY pairs

Regards...
Imagination rules the world ...
Selym Hyll Return This Year: na
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