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USD/JPY Discussion

  • #42,881
  • Feb 10, 2014 4:45am Feb 10, 2014 4:45am
UJ M15

NFP puts me in bullish mode on this pair ...
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  • #42,882
  • Feb 10, 2014 6:13am Feb 10, 2014 6:13am
Quoting chazzle
UJ M15 NFP puts me in bullish mode on this pair ... {image}
That's what I like to hear, seeing as I now have 3 longs open on this pair....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #42,883
  • Feb 10, 2014 6:29am Feb 10, 2014 6:29am
Quoting Exodus
{quote} That's what I like to hear, seeing as I now have 3 longs open on this pair....
only have 1 here - going nowhere fast atm tho

gl
  • #42,884
  • Feb 10, 2014 8:00am Feb 10, 2014 8:00am
Quoting stylinex
Interesting article about currency trading from Bloomberg. http://www.bloomberg.com/news/2014-0...urrencies.html
These people have probably a 50-50 chance of being right in their predictions. During the next 12 months, meanwhile, their employers (the banks etc.) will make money every which way that they can, so that, whether or not, or to what extent, their predictions turn out to be correct, their employers will make bucketloads of cash.
And similarly, so will they. If they do *really* badly, then I imagine some hedgie or other will be delighted to hire them based on their CV.
I have no clue what I'm talking about.
  • #42,885
  • Feb 10, 2014 8:09am Feb 10, 2014 8:09am
Quoting Boy Wonder
{quote} These people have probably a 50-50 chance of being right in their predictions. During the next 12 months, meanwhile, their employers (the banks etc.) will make money every which way that they can, so that, whether or not, or to what extent, their predictions turn out to be correct, their employers will make bucketloads of cash. And similarly, so will they. If they do *really* badly, then I imagine some hedgie or other will be delighted to hire them based on their CV.

so true.. you have to invest based on your own analysis. and trade in the moment.
  • #42,886
  • Feb 10, 2014 10:11am Feb 10, 2014 10:11am
Make or break

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  • #42,887
  • Feb 10, 2014 10:17am Feb 10, 2014 10:17am
At 101,90 my shorts finally come into play.
Fix up, trade sharp ...
  • #42,888
  • Feb 10, 2014 10:22am Feb 10, 2014 10:22am
Quoting Hickson
At 101,90 my shorts finally come into play.
I think price will move upwards once it touches 101.45 area and head to 104.34
  • #42,889
  • Feb 10, 2014 10:30am Feb 10, 2014 10:30am
placing some pending shorts at 102.39, risk 102.49, try for 101.79
Look Sharp/Trade Tight
  • #42,890
  • Feb 10, 2014 10:35am Feb 10, 2014 10:35am
Quoting Trendzalore
{quote} I think price will move upwards once it touches 101.45 area and head to 104.34
Maybe. That is why TP is at 101.50.
Fix up, trade sharp ...
  • #42,891
  • Feb 10, 2014 11:07am Feb 10, 2014 11:07am
Quoting Trendzalore
{quote} I think price will move upwards once it touches 101.45 area and head to 104.34
...well I'm hoping that your 'touch' occurred last Friday and now we shall see progress toward your target.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #42,892
  • Feb 10, 2014 1:07pm Feb 10, 2014 1:07pm
Quoting Exodus
{quote} ...well I'm hoping that your 'touch' occurred last Friday and now we shall see progress toward your target.
Could be but 30 minute looks like it is calling for it again first. I wouldnt be shorting JPY right now. I'd wait for a clear buy.
  • #42,893
  • Feb 10, 2014 1:40pm Feb 10, 2014 1:40pm
just in for a long position at 102.22, tp 102.57. cheers
use leverage with caution...
  • #42,894
  • Feb 10, 2014 4:29pm Feb 10, 2014 4:29pm
Looks to me like a straight down kinda of day coming up. Trend down probability because of lower daily point of control from yesterday, negative tenkin sen kinjun sen cross on hourly. 101.45 is begging to be touched. Just need the volume. Wont be shorting though cause I think its a bear trap and the uptrend may be coming once 101.40-60 zone is touched.
  • #42,895
  • Feb 10, 2014 4:30pm Feb 10, 2014 4:30pm
Quoting Trendzalore
{quote} 2nd thought. The way it is moving right now im gonna change just a little bit cause it looks like 101.45 is calling first before 104.34. So...... I think I change my buy to 101.60 SL 101.20 and TP 104.20
Gonna roll with this call.
  • #42,896
  • Edited 6:03pm Feb 10, 2014 5:45pm | Edited 6:03pm
Quoting Trendzalore
{quote} Gonna roll with this call.
Agreed UJ looks in trouble having failed to hold 102.20 there and an anemic attempt above 102.25. We headed below 102.xx it looks. It's all very H&S ish
Of course in the age of the algos these patterns don't always work, Reassess on a firm hold back above 102.2x
  • #42,897
  • Feb 10, 2014 6:04pm Feb 10, 2014 6:04pm
On my way home from work, but just looked at the charts. U/J looks a bit tricky at this point, but my gut tells me it could go up to 102.75 or so, and then fall back down, but certainly not below 100.

Being an ultra-short-term trader, I think the correct sequence from here is: down a bit, up to ~102.75, back down, then new highs, though I cannot say how long it will take because I honestly don't know. I will be watching the PA closely tonight.

Just wanted to share my 2 cents!
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  • #42,898
  • Edited 6:53pm Feb 10, 2014 6:15pm | Edited 6:53pm
Quoting eurusd_trade
{quote} Agreed UJ looks in trouble having failed to hold 102.20 there and an anemic attempt above 102.25. We headed below 102.xx it looks. It's all very H&S ish Of course in the age of the algos these patterns don't always work, Reassess on a firm hold back above 102.2x
And stalling again, anyway, we did spend more time on LS than currently on RS so may need more development time. Let's see what the mini AUD data is. bizarre they dragged EU with this. any way if they are going for higher EJ stops UJ may catch a bid again but it's still more AU EU driven. pretty tricky.
  • #42,899
  • Feb 10, 2014 7:38pm Feb 10, 2014 7:38pm
Tokyo bank holiday not expecting much
  • #42,900
  • Feb 10, 2014 7:52pm Feb 10, 2014 7:52pm
Quoting Ken A
Tokyo bank holiday not expecting much
That is bullcrap. Come back Tokyo. I'm not even seeing any f'ing ticks. What a boring and shitty week this has been. Could it be any more dull?

Are there any better pairs to trade today?
Please check out my blog at https://from-zero-to-hero . net
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