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USD/JPY Discussion

  • #44,161
  • Mar 17, 2014 9:57pm Mar 17, 2014 9:57pm
M1 is sitting right on the Kijun at the moment, if bounces up we get more bull run.
A genius is born every minute, me I am lucky if my socks match.
  • #44,162
  • Mar 17, 2014 10:09pm Mar 17, 2014 10:09pm
Quoting whackdiddy
M1 is sitting right on the Kijun at the moment, if bounces up we get more bull run.
However I have just reduced my TP to 101.877 as I have had these three long positions open for too long.

Full analysis of what I am seeing currently.
Ichimoku
M1 - showing bull movement, however what appears to be a bearish tk cross forming.
M5 - showing we over halfway through our bull run which started 25 minutes ago, note this is in the cloud so not a strong signal.
M15 - looks to be forming a Bull TK cross in the next 30 minutes - Strong Signal
M30 - forming a Bear TK cross above the cloud - Weak signal which supports the above timeframe
H1 - Is in the cloud, so not showing a direction
H4 - We are in a long term bear run and the uptrend is simply a retrace back to kijun which is sitting @ 102.075, we may hit this and bounce for more bear
Daily - Exciting one.. we are about to Bull TK cross and nearly emerging from the cloud - Strong Signal
A genius is born every minute, me I am lucky if my socks match.
  • #44,163
  • Mar 17, 2014 11:04pm Mar 17, 2014 11:04pm
Quoting whackdiddy
{quote} However I have just reduced my TP to 101.877 as I have had these three long positions open for too long. Full analysis of what I am seeing currently. Ichimoku M1 - showing bull movement, however what appears to be a bearish tk cross forming. M5 - showing we over halfway through our bull run which started 25 minutes ago, note this is in the cloud so not a strong signal. M15 - looks to be forming a Bull TK cross in the next 30 minutes - Strong Signal M30 - forming a Bear TK cross above the cloud - Weak signal which supports the above timeframe...
?
If You Can't Join Them, Beat Them!
  • #44,164
  • Mar 17, 2014 11:08pm Mar 17, 2014 11:08pm
Update on the above post..

M15 - Bull TK has formed but has also entered cloud (turbulence)
M30 - Bear TK has formed and already showing signs of forming a Bull TK above the cloud
H1 - whilst in the cloud is about to bounce of the kijun (support) for more bull - if breaches support @ 101.743x we might be in for bear run
H4 - No real change.
A genius is born every minute, me I am lucky if my socks match.
  • #44,165
  • Edited 11:34pm Mar 17, 2014 11:10pm | Edited 11:34pm
Quoting hrwn47
{quote} ?
Champ this is not youtube or facebook. Constructive posts only.

A TK cross is when the Tenkan (fast moving average 9 points behind current price) crosses the Kijun (slow moving average 24 points behind the current price) and is a good trend direction indicator.
A genius is born every minute, me I am lucky if my socks match.
  • #44,166
  • Mar 17, 2014 11:13pm Mar 17, 2014 11:13pm
anybody can tell me,am i in correct position
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  • #44,167
  • Mar 17, 2014 11:43pm Mar 17, 2014 11:43pm
Quoting azlanjamir
anybody can tell me,am i in correct position {image}
Longer term I would say yes you are safe as long as you have the margin to ride a bearish run.

I am long @ 101.680, 101.638, 101.562
A genius is born every minute, me I am lucky if my socks match.
  • #44,168
  • Mar 17, 2014 11:46pm Mar 17, 2014 11:46pm
Quoting whackdiddy
{quote} Longer term I would say yes you are safe as long as you have the margin to ride a bearish run. I am long @ 101.680, 101.638, 101.562
what is your target exit on these?
  • #44,169
  • Mar 17, 2014 11:46pm Mar 17, 2014 11:46pm
Quoting azlanjamir
anybody can tell me,am i in correct position {image}
i think so..
but not tight SL, i put my sl at 100.26
  • #44,170
  • Mar 17, 2014 11:50pm Mar 17, 2014 11:50pm
Quoting Judge Dent
{quote} what is your target exit on these?
TP @ 101.877 revised from previous 102.240
SL @ 100.090

Should have closed three times and ridden the same wave a few times, but hindsight is an evil thing.
A genius is born every minute, me I am lucky if my socks match.
  • #44,171
  • Mar 17, 2014 11:59pm Mar 17, 2014 11:59pm
Quoting Judge Dent
{quote} what is your target exit on these?
What are you seeing Judge? I know we are very bearish at the moment but with Tokyo session ending and UK session about to open it will be interesting.

A fair amount of hype about the Crimea situation and some information on some large China companies unable to pay large loans influencing the market a little at present.
A genius is born every minute, me I am lucky if my socks match.
  • #44,172
  • Mar 18, 2014 12:00am Mar 18, 2014 12:00am
Quoting whackdiddy
{quote} TP @ 101.877 revised from previous 102.240 SL @ 100.090 Should have closed three times and ridden the same wave a few times, but hindsight is an evil thing.
thanks. so a pretty deep stop but revised down your limit?

(no judgement on my part just interested to understand and look at others strategies. esp those trading with decent size clips)
  • #44,173
  • Mar 18, 2014 12:01am Mar 18, 2014 12:01am
Quoting PayTheLimit
looks like 101.60 might offer some support, and a spot to look for cheap longs me thinks...
payed 101.62, risk 101.52, try for 102.22...
Look Sharp/Trade Tight
  • #44,174
  • Mar 18, 2014 12:42am Mar 18, 2014 12:42am
Quoting PayTheLimit
{quote} payed 101.62, risk 101.52, try for 102.22...
missed my sl's by a tenth, if we push above 62,might look to add against 52 some more...
Look Sharp/Trade Tight
  • #44,175
  • Mar 18, 2014 1:22am Mar 18, 2014 1:22am
hmms..... selling off...
  • #44,176
  • Mar 18, 2014 1:53am Mar 18, 2014 1:53am
Quoting Alki
The way to down would see 101.51 - 101 - 100.50 - 100.00. However it was stopped at the last bottom which had formed a resistance at 101.20. If big players decide to move down, then more than resistances above, it would be also 100.75. What a hard way to go through if decide to go lower.
Waiting for a real move, specially crossing 101.20.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #44,177
  • Mar 18, 2014 2:17am Mar 18, 2014 2:17am
Bloody hell, I go away for five minutes and you guys drop the currency pair through the floor..
A genius is born every minute, me I am lucky if my socks match.
  • #44,178
  • Mar 18, 2014 2:19am Mar 18, 2014 2:19am
Is this a repeat of yesterday, where the UK session started and dropped the pair. Then the US session came on strong and rallied back to the 101.850 mark?
A genius is born every minute, me I am lucky if my socks match.
  • #44,179
  • Mar 18, 2014 2:23am Mar 18, 2014 2:23am
Quoting PayTheLimit
{quote} payed 101.62, risk 101.52, try for 102.22...
-10, at least I didnt add, was a crowded spot to get long upon better inspection....next...
Look Sharp/Trade Tight
  • #44,180
  • Mar 18, 2014 2:25am Mar 18, 2014 2:25am
Quoting whackdiddy
Is this a repeat of yesterday, where the UK session started and dropped the pair. Then the US session came on strong and rallied back to the 101.850 mark?
I think there is too many long, they want to take out the stops below 101.200...hope it won't happen, storng offers at 101.200 region :/
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