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USD/JPY Discussion

  • #43,301
  • Feb 18, 2014 10:05am Feb 18, 2014 10:05am
Quoting todstars2
Long {image}
I don't think we're done on the downside.
I have no clue what I'm talking about.
  • #43,302
  • Feb 18, 2014 12:02pm Feb 18, 2014 12:02pm
Quoting Boy Wonder
{quote} I don't think we're done on the downside.

Continuing opportunity to pick it up cheap.
  • #43,303
  • Feb 18, 2014 12:23pm Feb 18, 2014 12:23pm
Quoting Paulenok
{quote} 5th hourly candle going with momentum down after BoJ statement was able to convince bulls this will be it for their attempts to hold
One should not underestimate the signifance of level 102.300

None of the 7 hourly candles today could not manage to close below, even though we witnessed some attempts, it was not enough to convince bulls to unload.
With quite significant negative US data, I am looking for Tokyo to act accordingly.

Downside of 102.12 is still within reach
  • #43,304
  • Feb 18, 2014 12:41pm Feb 18, 2014 12:41pm
Long if it can break through the 102.70 level.
May the Probability be with you!
  • #43,305
  • Feb 18, 2014 1:01pm Feb 18, 2014 1:01pm
And still counting, UJ being so stubborn today
  • #43,306
  • Feb 18, 2014 1:49pm Feb 18, 2014 1:49pm
hello

perhaps if the nikkei this night will break the hightlighted level, the u/j will resume the bull bias. On the sp500 we probably we could see a test of the historical highs
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  • #43,307
  • Feb 18, 2014 2:05pm Feb 18, 2014 2:05pm
UJ1H

falling wedge continuation pattern
breakout of minor resistance setup

Buy the break of 102.420 target 102,640 and above
Pattern failure PA trading below the wedge structure
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  • #43,308
  • Feb 18, 2014 4:05pm Feb 18, 2014 4:05pm
Quoting JimmyC
UJ1H falling wedge continuation pattern breakout of minor resistance setup Buy the break of 102.420 target 102,640 and above Pattern failure PA trading below the wedge structure {image}
i agree. The price must hold 102,3 , here we can see if the bulls come in game,and the first resistence to break is 102,40
  • #43,309
  • Feb 18, 2014 6:57pm Feb 18, 2014 6:57pm
Nikkei opened with gap down, caution on long?
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  • #43,310
  • Feb 18, 2014 7:18pm Feb 18, 2014 7:18pm
Looks like there's just Industrial Activity & the BoJ's monthly report due in about 4 hours.. good trading guys. Keep your head level

USDJPY – Sell stops build under 102.15 down to 102.00. Above, buy stops start at 102.75
  • #43,311
  • Feb 18, 2014 8:28pm Feb 18, 2014 8:28pm
So the yen is getting weak as hell and the pair is dropping, what the hell is going on.
  • #43,312
  • Feb 18, 2014 8:52pm Feb 18, 2014 8:52pm
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Here is my View it could be go Up after bounce on 102.13 (number 1) or it could go to 101.90 and then bounce up (number 2) or it could go hit my SL 101.73 (number 3) i already have 2 long position if the price go to FE 161.8 i'll add more long with same SL (101.73) that's my trading Plan.

i could be wrong too. Let the mkt decide.

Cheers
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  • #43,313
  • Feb 19, 2014 1:09am Feb 19, 2014 1:09am
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  • #43,314
  • Feb 19, 2014 1:12am Feb 19, 2014 1:12am
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Quoting Ken A
{image}
is that Falling Wedge ?
  • #43,315
  • Feb 19, 2014 1:19am Feb 19, 2014 1:19am
Quoting Ravelt
{quote} is that Falling Wedge ?
Yes.

Difficult to predict future movement with such slow tight range PA
  • #43,316
  • Feb 19, 2014 1:20am Feb 19, 2014 1:20am
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Quoting Ken A
{quote} Yes. Difficult to predict future movement with such tight range.
Yes. I Hope that really a falling wedge in play, because i have 2 long order
  • #43,317
  • Feb 19, 2014 1:23am Feb 19, 2014 1:23am
Quoting Ravelt
{quote} Yes. I Hope that really a falling wedge in play, because i have 2 long order
Could you mark your chart where you draw FE from and to?
  • #43,318
  • Feb 19, 2014 1:43am Feb 19, 2014 1:43am
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Quoting Ken A
{quote} Could you mark your chart where you draw FE from and to?
i draw my FE from A to B and B to C
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  • #43,319
  • Feb 19, 2014 1:57am Feb 19, 2014 1:57am
Quoting Ravelt
{quote} i draw my FE from A to B and B to C {image}
Like this?

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  • #43,320
  • Feb 19, 2014 1:58am Feb 19, 2014 1:58am
  •  Ravelt
  • | Joined Feb 2013 | Status: The Closer You Look The Less You Se | 194 Posts
Quoting Ken A
{quote} Like this? {image}
yeah, did i missed something ?
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