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USD/JPY Discussion

  • #44,181
  • Mar 18, 2014 4:35am Mar 18, 2014 4:35am
why anyone would consider longs is totally beyond me....
  • #44,182
  • Mar 18, 2014 4:36am Mar 18, 2014 4:36am
Quoting hathor
{quote} I think there is too many long, they want to take out the stops below 101.200... :/
For some reason I have a vision then off somebody shaking their leg trying to dislodge leaches or similar.

Yep, just looking at the daily, we have not hit yesterday's low yet but...
Seeing a bit of support around the 101.350 but also seeing a little rally forming supporting a bull run.. extremely weak on the M1.

ichimoku is showing we are nearly done with the bear run. Would have loved to have ridden that beast.
A genius is born every minute, me I am lucky if my socks match.
  • #44,183
  • Mar 18, 2014 4:39am Mar 18, 2014 4:39am
[Dow Jones]

"With the upside capped in the US 10-year bond yield and a dip back toward the range lows near 2.5%-2.45% expected, Barclays is looking for USD/JPY to extend recent losses. Now at 101.40, the bank says a break below near-term support at 101.20 will target the 200DMA near 100.40. USD/JPY now at 101.41, US 10-year bond yield currently 2.668%. "
The good thing with the future is that it is progressively approaching...
  • #44,184
  • Mar 18, 2014 4:39am Mar 18, 2014 4:39am
Quoting shripsfx
why anyone would consider longs is totally beyond me....
I cannot fathom someone shorting this pair.

Simple fact, some people will see long, some will see short.
Hence Bulls and Bear sentiment.

If lets say CNN or womens weekly take a picture of Putin and Obama sitting in a spa having a beer and laughing with girls in lingerie then this pair will go through the roof. Why would anybody go short when the likelihood of that happening is high?
A genius is born every minute, me I am lucky if my socks match.
  • #44,185
  • Mar 18, 2014 4:44am Mar 18, 2014 4:44am
Quoting whackdiddy
{quote} I cannot fathom someone shorting this pair. Simple fact, some people will see long, some will see short. Hence Bulls and Bear sentiment. If lets say CNN or womens weekly take a picture of Putin and Obama sitting in a spa having a beer and laughing with girls in lingerie then this pair will go through the roof. Why would anybody go short when the likelihood of that happening is high?

read your monthly and weekly charts, the answers are in front of you
  • #44,186
  • Mar 18, 2014 4:45am Mar 18, 2014 4:45am
Quoting whackdiddy
{quote} For some reason I have a vision then off somebody shaking their leg trying to dislodge leaches or similar. Yep, just looking at the daily, we have not hit yesterday's low yet but... Seeing a bit of support around the 101.350 but also seeing a little rally forming supporting a bull run.. extremely weak on the M1. ichimoku is showing we are nearly done with the bear run. Would have loved to have ridden that beast.
As I mentioned before, there can be a double bottom, but if we turn before 101.200, than it can form a triangle as well (if we ever get back to 101.800).
It is very suspicious that, the previous triangle (which was formed by the head&shoulders) should break the upper line by it's formation, but it broke the lower...this is also why I think it can be a false breakout.

Of course there is a big chance (also thanks to Putin) to go lower...until not.
f(z)=z2+c
  • #44,187
  • Mar 18, 2014 4:45am Mar 18, 2014 4:45am
Hope today will not be a yoyo day like yesterday.
Little luck is forex water. Learn all Trading strategies, then forget them.
  • #44,188
  • Mar 18, 2014 4:46am Mar 18, 2014 4:46am
Quoting shripsfx
{quote} read your monthly and weekly charts, the answers are in front of you
Very valid point.. Very valid..

But you must admit my comment was a least a little funny... sheesh tough audience.
A genius is born every minute, me I am lucky if my socks match.
  • #44,189
  • Mar 18, 2014 4:55am Mar 18, 2014 4:55am
Quoting shripsfx
{quote} read your monthly and weekly charts, the answers are in front of you
I analyse only closed candles....and until March is open it can destroy that head&shoulders anytime.
On weekly there is some heat, but until previous week is not broken, longs are valid.
f(z)=z2+c
  • #44,190
  • Mar 18, 2014 5:09am Mar 18, 2014 5:09am
Quoting hathor
{quote} I analyse only closed candles....and until March is open it can destroy that head&shoulders anytime. On weekly there is some heat, but until previous week is not broken, longs are valid.
lol.. I knew I liked you straight away.
I have been to Europe 3 times, every single time to Hungary. I have Magyar heritage, Dad born there.
A genius is born every minute, me I am lucky if my socks match.
  • #44,191
  • Mar 18, 2014 5:12am Mar 18, 2014 5:12am
Quoting hathor
{quote} I analyse only closed candles....and until March is open it can destroy that head&shoulders anytime. On weekly there is some heat, but until previous week is not broken, longs are valid.
H&S patterns are highly unprofitable trades. End of story.
Trade what you see, not what you think!
  • #44,192
  • Mar 18, 2014 5:17am Mar 18, 2014 5:17am
Quoting shripsfx
why anyone would consider longs is totally beyond me....
same here. I've been going against the herd since last week been doing pretty good so far. got the last rally from 101.80 got out 101.35 .
Going to try short again when NY open. Yeah long term it will go up but when is the question. I got 100 then up maybe, i can be wrong trust your chart.
  • #44,193
  • Mar 18, 2014 5:29am Mar 18, 2014 5:29am
Quoting whackdiddy
{quote} lol.. I knew I liked you straight away. I have been to Europe 3 times, every single time to Hungary. I have Magyar heritage, Dad born there.
it is nice to meet You!
Your Dad did well, I would go to Australia either. Even though there is too much animal using venoms...
f(z)=z2+c
  • #44,194
  • Mar 18, 2014 6:31am Mar 18, 2014 6:31am
maybe some resistance at 101.60/65...wonder if it worth a short..
Look Sharp/Trade Tight
  • #44,195
  • Mar 18, 2014 6:34am Mar 18, 2014 6:34am
this yen is giving me gas...
Look Sharp/Trade Tight
  • #44,196
  • Mar 18, 2014 6:39am Mar 18, 2014 6:39am
I think Obama just asked for another beer while snorting crack off a hookers tummy.
A genius is born every minute, me I am lucky if my socks match.
  • #44,197
  • Mar 18, 2014 6:40am Mar 18, 2014 6:40am
short 101.72, risk 101.80...
Look Sharp/Trade Tight
  • #44,198
  • Mar 18, 2014 6:41am Mar 18, 2014 6:41am
TP adjusted to 103.102
A genius is born every minute, me I am lucky if my socks match.
  • #44,199
  • Mar 18, 2014 6:42am Mar 18, 2014 6:42am
this time should be bull
just enter now, tp 102.35, i hope not wrong
  • #44,200
  • Mar 18, 2014 6:46am Mar 18, 2014 6:46am
Quoting PayTheLimit
short 101.72, risk 101.80...
covered it...and try shorts at 101.80/sl 101.90..
Look Sharp/Trade Tight
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