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AUD/JPY

  • #941
  • Apr 2, 2014 8:03am Apr 2, 2014 8:03am
Yeah USD is being a little pansy man. Its pretty crazy as I was expecting more of a move from it. but its literally just sitting there untouched these last 2 weeks.
The coincidental success is more dangerous than the expected failure
  • #942
  • Apr 2, 2014 2:20pm Apr 2, 2014 2:20pm
Quoting Neqrotik
{quote} Might want to see another hour close...hehe. And maybe another. Alot of indecision at this level in this pair. The bottom shouldnt be too far. It is trading in a rising channel so....that would be the first stopping point for sure IMO
Agree.

Price sticking to this trend line like fly on fly paper. I am thinking that a correction in US equities or some economic bombshell out of China may be the only catalyst that can pull down the recent risk on sentiment, otherwise I fear you are correct and we will see 97 before any significant retrace. I am just glad I am stubborn enough to keep adding to my losing shorts.
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Pride always comes before destruction.... -Proverbs 16:18
  • #943
  • Apr 2, 2014 3:05pm Apr 2, 2014 3:05pm
lets see if it means anything.
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The coincidental success is more dangerous than the expected failure
  • #944
  • Apr 2, 2014 3:14pm Apr 2, 2014 3:14pm
I noticed some divergence on the 4H, Aussie data in a couple of hours will be interesting too
Pride always comes before destruction.... -Proverbs 16:18
  • #945
  • Apr 2, 2014 3:19pm Apr 2, 2014 3:19pm
http://www.bloomberg.com/news/2014-0...12-months.html

Interesting. Obviously the market isnt too convinced. So we'll definitely have to see some data supportive of a no-further QE Japan.
The coincidental success is more dangerous than the expected failure
  • #946
  • Apr 2, 2014 6:26pm Apr 2, 2014 6:26pm
Quoting Neqrotik
http://www.bloomberg.com/news/2014-0...12-months.html Interesting. Obviously the market isnt too convinced. So we'll definitely have to see some data supportive of a no-further QE Japan.
Good article, at least the QE is getting inflation heading in the right direction, a glimmer of hope for future taper talk and some possible Yen strength.
Pride always comes before destruction.... -Proverbs 16:18
  • #947
  • Apr 2, 2014 6:56pm Apr 2, 2014 6:56pm
Quoting Expo33
{quote} Good article, at least the QE is getting inflation heading in the right direction, a glimmer of hope for future taper talk and some possible Yen strength.
By when? As YEN need something to stimulus it.
  • #948
  • Apr 2, 2014 9:44pm Apr 2, 2014 9:44pm
Rhis pairs is stubborn to break below 95. It might because UJ is still not down yet.
  • #949
  • Apr 2, 2014 10:04pm Apr 2, 2014 10:04pm
Quoting Care forex
Rhis pairs is stubborn to break below 95. It might because UJ is still not down yet.
It will go down when the sellers give up.
  • #950
  • Apr 2, 2014 10:24pm Apr 2, 2014 10:24pm
Quoting yaphets
{quote} It will go down when the sellers give up.
yeah Yaphets. It always does. lol jeez
The coincidental success is more dangerous than the expected failure
  • #951
  • Apr 2, 2014 10:38pm Apr 2, 2014 10:38pm
Two weeks with HHs and LLs, would be nice to see a lower low closing candle on the 4H coupled with a bearish engulfing closing candle on the daily. That's something the bears could really sink their teeth into and maybe get a healthy retracement started
Pride always comes before destruction.... -Proverbs 16:18
  • #952
  • Apr 2, 2014 10:40pm Apr 2, 2014 10:40pm
Quoting yaphets
{quote} It will go down when the sellers give up.
So must be very patients and endure with the current situation.
  • #953
  • Apr 2, 2014 10:48pm Apr 2, 2014 10:48pm
So on this pair I doubled my position size on a short @ 94.00 when the HSBC Flash PMI Prelim came out 2 weeks ago. Reluctant to let the trade go, I saw my MTM losses just grow and grow. Thinking it was going to retrace amidst the confusion and hype, it didnt. It just kept going up. Now im sitting on about 200 USD on negative carry on top of the MTM losses.

There is one thing I learned during this experience.

1. DO NOT BITE OFF MORE THAN YOU CAN CHEW. I was looking at Lions hunting and a Lion got cavalier and tried taking on a much larger than normal prey size and walked away with nothing and almost died of starvation cause of the energy spent on the loss. Yep. I was that fail piece of shit Lion on this A/J short.
The coincidental success is more dangerous than the expected failure
  • #954
  • Apr 2, 2014 10:51pm Apr 2, 2014 10:51pm
Quoting Care forex
{quote} So must be very patients and endure with the current situation.
Money management if you hope for reversal.
  • #955
  • Apr 2, 2014 10:52pm Apr 2, 2014 10:52pm
Quoting Care forex
{quote} So must be very patients and endure with the current situation.
It can go more than you could imagine.
  • #956
  • Apr 2, 2014 10:55pm Apr 2, 2014 10:55pm
Quoting yaphets
{quote} It can go more than you could imagine.
May i know what is the lower you are looking at?
  • #957
  • Apr 2, 2014 10:58pm Apr 2, 2014 10:58pm
Quoting Care forex
{quote} May i know what is the lower you are looking at?
I mean most of the time it could go unstoppably. I hope it'll go reversed too but not much.
  • #958
  • Apr 2, 2014 10:58pm Apr 2, 2014 10:58pm
Seriously if UJ and AU down at the same times, i could see AJ down to 92 very soon. Pray hard hard for this
  • #959
  • Apr 2, 2014 11:01pm Apr 2, 2014 11:01pm
Quoting Care forex
{quote} May i know what is the lower you are looking at?
You see. The daily candlesticks go green about 16 days. It must go down in the next few days. This is not the examples happen most of the time.
  • #960
  • Apr 2, 2014 11:03pm Apr 2, 2014 11:03pm
Quoting Care forex
Seriously if UJ and AU down at the same times, i could see AJ down to 92 very soon. Pray hard hard for this
I'll looke when the RSI of 4h time frame go down. If it stop when it hit aroune 33-40. it is still the bull.
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