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USD/JPY Discussion

  • #43,061
  • Feb 13, 2014 8:24am Feb 13, 2014 8:24am
Well looks like I missed this train. But I'l be darned if I still dont think it wants to hit 101.45. I didnt miss the trade because of bias, just my own analysis of momentum on 30 minute and 1 hour chart. I have been burned by not paying attention to that before too many times to start ignoring it now. Happy pips to those long if it holds. I wait for the next ride up.
  • #43,062
  • Feb 13, 2014 9:01am Feb 13, 2014 9:01am
Quoting Ken A
Added too many on the way up about time to close some {image}

Mine looks pretty similar.
  • #43,063
  • Feb 13, 2014 10:03am Feb 13, 2014 10:03am
Quoting Trendzalore
Well looks like I missed this train. But I'l be darned if I still dont think it wants to hit 101.45. I didnt miss the trade because of bias, just my own analysis of momentum on 30 minute and 1 hour chart. I have been burned by not paying attention to that before too many times to start ignoring it now. Happy pips to those long if it holds. I wait for the next ride up.
Plenty more opportunities. I don't trust this move either. My longs will probably be stopped out at break even. If not I'll leave them for a few days, weeks even.
Gone to a better place
  • #43,064
  • Feb 13, 2014 10:26am Feb 13, 2014 10:26am
Quoting smikester
{quote} Plenty more opportunities. I don't trust this move either. My longs will probably be stopped out at break even. If not I'll leave them for a few days, weeks even.
Yes this area in generally looks to be the starting point to move up. If 102.09 holds then your probably golden. I'l call it a minor victory that I didnt talk myself into a trade I want sure of.
  • #43,065
  • Feb 13, 2014 11:41am Feb 13, 2014 11:41am
There is room for the Yen to strengthen
  • #43,066
  • Feb 13, 2014 11:42am Feb 13, 2014 11:42am
This has been one hell of a roller coaster lol
  • #43,067
  • Feb 13, 2014 12:03pm Feb 13, 2014 12:03pm
Hey traders. Placed USD/JPY pending sell @ 102,480 with SL @ 102,880 to my bag.

Green pips to all!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #43,068
  • Feb 13, 2014 12:09pm Feb 13, 2014 12:09pm
Nikkei 225 leading to the asian session looks to finish the day to with a bullish bar - one that is mirrored by UJ. I wouldsay 102.6 will be cleared during europe if not asian. I think there may be a lot of short covering which can easily break 102.6 as thats a level a lot are eying to short if not already short.
  • #43,069
  • Feb 13, 2014 12:29pm Feb 13, 2014 12:29pm
Quoting Ringwraith
Nikkei 225 leading to the asian session looks to finish the day to with a bullish bar - one that is mirrored by UJ. I wouldsay 102.6 will be cleared during europe if not asian. I think there may be a lot of short covering which can easily break 102.6 as thats a level a lot are eying to short if not already short.
102.62-70 is the barrier. I could easily see it falling from there. Still seems like a retail buy for me. best to wait til value has been discounted. When so many people are about to jump on the train thats when the big boys pull the rug. They are the ones selling to buyers at this price anyways just to buy it back about 100 pips down. Perhaps I am wrong but this looks like a set up.
  • #43,070
  • Feb 13, 2014 12:55pm Feb 13, 2014 12:55pm
while trading i consider index mostly the jpy index is now indicating a fare long. On daily chart its established the Fibo 38 level and going strongly to 23 level. and H4 index is just emerging a breaking spot, if next h4 candle opens above 58.605, then a sure long, I am assuming it will last long trend at least 2 more days, at the same time H4 and d1 heikenashi is white now, so JPY is going to weaken again
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  • #43,071
  • Feb 13, 2014 3:15pm Feb 13, 2014 3:15pm
Mirror effect critical to asian session. Tentatively approaching a bullish candlestick.
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  • #43,072
  • Feb 13, 2014 4:04pm Feb 13, 2014 4:04pm
Im leaving on a ROCKET ship, wont know when ill be back again!!
  • #43,073
  • Feb 13, 2014 4:13pm Feb 13, 2014 4:13pm
Quoting strat1x
Im leaving on a ROCKET ship, wont know when ill be back again!!


  • #43,074
  • Feb 13, 2014 4:43pm Feb 13, 2014 4:43pm
Attached Image (click to enlarge)
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After a hard work last night(really hard ), luckly I reduce the sum from 6 to 4.5 lots. At the moment I still got 4 lots trade locded except 0.5lot long in USD/JPY. I am waiting for the 102.70/80, though not very sure, and then close the 0.5lot. I will focus on keep closing trades down to the one. Everybody has a lucky day in trading today! Happy Valentine's Day! Yahooooooooooooo
  • #43,075
  • Edited 5:04pm Feb 13, 2014 4:49pm | Edited 5:04pm
ouchhh............
Back on topic, personally I'm probably done with the yen this week til next monday after the monetary statement for a clearer direction. As of now I see a probability of range bound between the 101.9 to 102.5 area, just base on a feeling that market is going to be slow til closing. All in all I'm still heavy on the weakening of yen.
  • #43,076
  • Feb 13, 2014 4:54pm Feb 13, 2014 4:54pm
Quoting linmou
{image} After a hard work last night(really hard ), luckly I reduce the sum from 6 to 4.5 lots. At the moment I still got 4 lots trade locded except 0.5lot long in USD/JPY. I am waiting for the 102.70/80, though not very sure, and then close the 0.5lot. I will focus on keep closing trades down to the one. Everybody has a lucky day in trading today! Happy Valentine's Day! Yahooooooooooooo
Wow...talk about going all in.

Think you might need to learn some risk management.

Very close to busting your account.
  • #43,077
  • Feb 13, 2014 4:57pm Feb 13, 2014 4:57pm
with an account of only 5k...you cant let losing trades run on you like that.
if your account was 50k...ok...but no way 5k is enough to do what you are doing.
  • #43,078
  • Feb 13, 2014 5:04pm Feb 13, 2014 5:04pm
Way to many positions opened lol wow
  • #43,079
  • Feb 13, 2014 5:05pm Feb 13, 2014 5:05pm
Quoting Doboy408
with an account of only 5k...you cant let losing trades run on you like that. if your account was 50k...ok...but no way 5k is enough to do what you are doing.
Yes, you are right. You must not see the last image I post here which is worse, 6 lots in the basket
  • #43,080
  • Feb 13, 2014 5:05pm Feb 13, 2014 5:05pm
Please stop selling this SHIT and just buy already
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