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USD/JPY Discussion

  • #43,021
  • Feb 13, 2014 5:39am Feb 13, 2014 5:39am
Quoting 81raffae
{quote} so we can say that it is technical movements Thanks

Not exactly. The drop has been "fundamental." Risk assets, such as stocks, have been sold off heavily, sending the pair down.
The bounce we will get today is "technical" because it is bouncing off of the Weekly Pivot and a major Fibonacci level.
  • #43,022
  • Feb 13, 2014 5:53am Feb 13, 2014 5:53am
Quoting Orly
{quote} Not exactly. The drop has been "fundamental." Risk assets, such as stocks, have been sold off heavily, sending the pair down. The bounce we will get today is "technical" because it is bouncing off of the Weekly Pivot and a major Fibonacci level.
thanks again
  • #43,023
  • Feb 13, 2014 6:18am Feb 13, 2014 6:18am
Quoting Trendzalore
{quote} I've been saying the last few days that its gonna go down first. At least thats my view. The old me would have been quick to build buys in this area. The wiser me says wait til at least 101.60-80 area and see what it does around there. I see as I have stated 101.45 is an area that may be attracting price before the next move up.
Holding true so far
  • #43,024
  • Feb 13, 2014 6:44am Feb 13, 2014 6:44am
Quoting MrketSniper
{quote} Your chart gave me the idea to go long. At least for a short term. Fib 38.2 plus moving average support.
Plus this area was support in January. Good luck with your trade. I'm desperate not to miss the train this time so I might be joining you after the 08:30 EST news.
Gone to a better place
  • #43,025
  • Feb 13, 2014 6:47am Feb 13, 2014 6:47am
Im gonna pull out my crystal ball and say...............spike down around 101.45 and then onward and upward faster than you can say pip. Target 104.34, still going to stand by that. 101.60-80 zone still the spot to look at to buy.

Of course............Im most likely wrong but thats my take lol.
  • #43,026
  • Feb 13, 2014 7:22am Feb 13, 2014 7:22am
Quoting Trendzalore
Im gonna pull out my crystal ball and say...............spike down around 101.45 and then onward and upward faster than you can say pip. Target 104.34, still going to stand by that. 101.60-80 zone still the spot to look at to buy. Of course............Im most likely wrong but thats my take lol.
If you're right then my stop @ 101.80 will go, but I am waiting for another chance around 101.50 as per last week.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #43,027
  • Edited 7:45am Feb 13, 2014 7:34am | Edited 7:45am
It's bad

Attached Image (click to enlarge)
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Added one long

Attached Image
  • #43,028
  • Feb 13, 2014 7:59am Feb 13, 2014 7:59am
Looks like this is it
Attached Image (click to enlarge)
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  • #43,029
  • Feb 13, 2014 8:03am Feb 13, 2014 8:03am
Quoting Ken A
It's bad {image} Added one long {image}

  • #43,030
  • Feb 13, 2014 8:06am Feb 13, 2014 8:06am
Quoting Ken A
It's bad {image} Added one long {image}
Bad data = long? Why?
Fix up, trade sharp ...
  • #43,031
  • Feb 13, 2014 8:06am Feb 13, 2014 8:06am
Quoting Trendzalore
Im gonna pull out my crystal ball and say...............spike down around 101.45 and then onward and upward faster than you can say pip. Target 104.34, still going to stand by that. 101.60-80 zone still the spot to look at to buy. Of course............Im most likely wrong but thats my take lol.
No spike down after iffy news. Looks like 101.60-80 zone is holding. If it does then perhaps the train is ready to move on up. Waiting until market opens. Just going to watch today. Woner how price reacts as it approaches 102.09, breaking that upwards after all this would be a good sign for bulls in my mind. I want to see either 101.50 before a buy those so i'l sit tight or just sit it out entirely.
  • #43,032
  • Feb 13, 2014 8:06am Feb 13, 2014 8:06am
Quoting Exodus
{quote} If you're right then my stop @ 101.80 will go, but I am waiting for another chance around 101.50 as per last week.
Well, so far that is a rather annoying result....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #43,033
  • Feb 13, 2014 8:07am Feb 13, 2014 8:07am
Quoting Hickson
{quote} Bad data = long? Why?
Take a look at your 4 hour chart. Longs have been building. Just a matter of when.
  • #43,034
  • Feb 13, 2014 8:08am Feb 13, 2014 8:08am
Quoting Exodus
{quote} Well, so far that is a rather annoying result....
Yeah nipped your SL. I hate when that happens. I'd rather my stop be totally obliterated than to be nipped.
  • #43,035
  • Feb 13, 2014 8:13am Feb 13, 2014 8:13am
Quoting Ken A
{quote} I am speculating it's already priced-in
Well, if you look at pound: If it was not priced in there, what else? It just went straight up without any retracement ...
Fix up, trade sharp ...
  • #43,036
  • Feb 13, 2014 8:18am Feb 13, 2014 8:18am
Quoting Hickson
{quote} Well, if you look at pound: If it was not priced in there, what else? It just went straight up without any retracement ...
I just went short on Cable @ 1.6650
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #43,037
  • Feb 13, 2014 8:21am Feb 13, 2014 8:21am
Quoting smikester
{quote} Plus this area was support in January. Good luck with your trade. I'm desperate not to miss the train this time so I might be joining you after the 08:30 EST news.
and it was a supp on early dec too, but still holdin nice so im gonna w8 for the bulls around here
  • #43,038
  • Feb 13, 2014 8:25am Feb 13, 2014 8:25am
My short stop was taken out and look where it goes now ... down again... I should really focus on swing trading with wide stops and whatever news lol
Fix up, trade sharp ...
  • #43,039
  • Feb 13, 2014 8:40am Feb 13, 2014 8:40am
if 101.730 (fibo 50%) not holds, than 101.500 should....target is 103.000
invalidation: under 101.435
f(z)=z2+c
  • #43,040
  • Feb 13, 2014 8:41am Feb 13, 2014 8:41am
Bad US data may actually be good for UJ. It may lead to prospects of reduced tapering which will help risk. Along with the technical I think this could be a fundamental driver to thw upside. Bullish.
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