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USD/JPY Discussion

  • #44,341
  • Mar 29, 2014 10:51am Mar 29, 2014 10:51am
Hallo, Trendzalore.

Please explain your terms "control area," and "virgin point of control."

Thanks.

  • #44,342
  • Mar 29, 2014 12:14pm Mar 29, 2014 12:14pm
Quoting Orly
Hallo, Trendzalore. Please explain your terms "control area," and "virgin point of control." Thanks.
Those are market profile concepts. The "Auction Theory" thread is a great place to look.
  • #44,343
  • Mar 30, 2014 2:54pm Mar 30, 2014 2:54pm
Be carefull Japan fiscal year ends on Monday 31st of March, that goes as yen positive.
Money never sleeps I can hear the dollar calling me
  • #44,344
  • Mar 30, 2014 3:03pm Mar 30, 2014 3:03pm
Quoting shivam332
Be carefull Japan fiscal year ends on Monday 31st of March, that goes as yen positive.
They do not want Yen to be strong.... More weakness in hand my dear..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #44,345
  • Mar 30, 2014 3:45pm Mar 30, 2014 3:45pm
Quoting aviz12
{quote} They do not want Yen to be strong.... More weakness in hand my dear..
...is also end of year for some others outside Japan.
Also end of Q1, so we will see who has more to balance.
That may have been the driver for Friday's run-up in UJ.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #44,346
  • Mar 30, 2014 8:21pm Mar 30, 2014 8:21pm
Just took a long on U/J. First time I've traded the pair in a while. I like Friday's daily candle and last week's weekly candle. Monthly candles are closing up in less than 24 hours.

I've got a loose stop at 102.33.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #44,347
  • Mar 31, 2014 4:09am Mar 31, 2014 4:09am
nice upward spike
anyone riding it? hehe
  • #44,348
  • Mar 31, 2014 4:13am Mar 31, 2014 4:13am
told you last this week this thing is going to 105.xx interest in japan is going to weaken the sh*t out of it.
  • #44,349
  • Mar 31, 2014 4:13am Mar 31, 2014 4:13am
add up now.
  • #44,350
  • Mar 31, 2014 4:46am Mar 31, 2014 4:46am
price going vertical. no retrace, just running on no news.
  • #44,351
  • Mar 31, 2014 6:03am Mar 31, 2014 6:03am
Quoting Trendzalore
Well now that the week is over and can look at the chart I see a fall.Why? The weekly market profile finished as a completed file, but the following things show a move may occur: Complete profile Price ended up above the weekly value area and is near the top of the range 102.99 is where sellers are and is also a previous monthly point of control. So with those factors, price is out of balance which means there is potential for a big move either way. The reason I see a fall is the fact it is close to a previous monthly point of control on a retest,...
stopped on the dime at 103.28..........we will see what happens from here
  • #44,352
  • Mar 31, 2014 6:04am Mar 31, 2014 6:04am
Quoting Trendzalore
If that's the case, a stall at 99.59 my come fist. So next week retail buyers may hop on board for the slaughter not knowing that 103.27 is a weekly virgin point of control. If price doesn't immediately fall off it may rise to that point and then boom the buyers are trapped. To wrap it all up, I think this little rise is all a trap which triggered a bunch of stops that were above 102.46 and 102.62 for those who were short. With them taken out bigger players can sell at a better price. Those who went long got a nice move on Friday but they should...
:nerd:
  • #44,353
  • Mar 31, 2014 8:18am Mar 31, 2014 8:18am
Quoting Halba
price going vertical. no retrace, just running on no news.
The run up I would attribute to market players just moving money around ahead of a new month. Simple as that.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #44,354
  • Mar 31, 2014 8:26am Mar 31, 2014 8:26am
a view from fundamental
few days again Legislative election, and looks like ABE will be the winner again,so ABE can continue the stimulus, and maybe add more QE
so maybe can hit 104 if ABE is won again
  • #44,355
  • Mar 31, 2014 9:06am Mar 31, 2014 9:06am
Quoting angelpatrici
a view from fundamental few days again Legislative election, and looks like ABE will be the winner again,so ABE can continue the stimulus, and maybe add more QE so maybe can hit 104 if ABE is won again
Nice view, regardless of which angle you're looking at, All while the News is already there... QE blah blah on US strengthening.

These minor moves aint moving the whole market in general longer direction.

You're kinda Humble in looking at 104. Personally towards future further bull riding like previously which all while most aiming for who are investing are awaiting 106 or rather maybe 118.

With above, a bear might be in the picture too, but if tentatively - its more on the North run.
Sincerely Yours Cheers!
  • #44,356
  • Mar 31, 2014 10:04am Mar 31, 2014 10:04am
Taken out at breakeven. Damn Yellen.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #44,357
  • Apr 1, 2014 12:25am Apr 1, 2014 12:25am
waiting for a break of 103.42 or 102.73, then will look for something to do...
Look Sharp/Trade Tight
  • #44,358
  • Apr 1, 2014 12:35am Apr 1, 2014 12:35am
Quoting PayTheLimit
waiting for a break of 103.42 or 102.73, then will look for something to do...
103.42 should break first. That means go long.
Please check out my blog at https://from-zero-to-hero . net
  • #44,359
  • Apr 1, 2014 12:38am Apr 1, 2014 12:38am
Quoting smash1820
{quote} 103.42 should break first. That means go long.
that would mean go long on a pullback....

103.32 looks like some resistance also now...
Look Sharp/Trade Tight
  • #44,360
  • Apr 1, 2014 12:49am Apr 1, 2014 12:49am
Quoting PayTheLimit
that would mean go long on a pullback.... 103.32 looks like some resistance also now...
Yes, exactly right. I would suggest (to anyone) go long after a pullback...

Very keen to observe the 103.31 resistance and I absolutely agree with you, but we also have support around 103.20, so I think we either stay range-bound tonight and then break higher, or we just outright break higher. Price action is holding up nicely, so far... so I don't see much downside from here.
Please check out my blog at https://from-zero-to-hero . net
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