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USD/JPY Discussion

  • #44,521
  • Apr 4, 2014 10:03am Apr 4, 2014 10:03am
Quoting Trendzalore
{quote} I wish those days were back
They are coming back sooner than you think... brace yourselves
  • #44,522
  • Apr 4, 2014 10:05am Apr 4, 2014 10:05am
Quoting Brassboy
{quote} They are coming back sooner than you think... brace yourselves
I hope so, the stagnant days are getting old. I guess ranger traders love thi but im a momo guy. I need volatility.
  • #44,523
  • Apr 4, 2014 10:13am Apr 4, 2014 10:13am
Sitting at steep T/L now. I am expecting it to reach the aqua one where the B/O started for a re-test.
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  • #44,524
  • Apr 4, 2014 10:38am Apr 4, 2014 10:38am
looking for 103.20 to buy for short term move back to 103.80 or so
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Twitter: @TrendersGame
  • #44,525
  • Apr 4, 2014 10:48am Apr 4, 2014 10:48am
Im long from here 103.37.happy weekend all
  • #44,526
  • Apr 4, 2014 10:49am Apr 4, 2014 10:49am
Quoting Citiboy
looking for 103.20 to buy for short term move back to 103.80 or so {image}
One thing's for sure, you'll get your bid hit today.
  • #44,527
  • Apr 4, 2014 10:49am Apr 4, 2014 10:49am
Reached yesterday's S3. Time to stop and consolidate a bit. Also weekly R1 (EMA 200 at 103.22 too). It's burning through stops relentlessly. G/J next target is 100 pips down. E/J 60. Might still have some way to go, 103 where the orders are waiting perhaps.
  • #44,528
  • Apr 4, 2014 10:51am Apr 4, 2014 10:51am
I am long this time at 103.313 hope to avenge for my loss in shorting this USDJPY pair, have a nice weekend
  • #44,529
  • Apr 4, 2014 10:55am Apr 4, 2014 10:55am
Quoting sakisf
Reached yesterday's S3. Time to stop and consolidate a bit. Also weekly R1. It's burning through stops relentlessly.
I read the news here with Morgan Stanley and Credit Suisse extremely bullish on USDJPY but looking at things, I won't believe USDJPY at 106 or 110. Just wondering what's your take on this?
  • #44,530
  • Apr 4, 2014 11:00am Apr 4, 2014 11:00am
Quoting thevolatile
{quote} I read the news here with Morgan Stanley and Credit Suisse extremely bullish on USDJPY but looking at things, I won't believe USDJPY at 106 or 110. Just wondering what's your take on this?

Can't really predict. Last I read (couple months ago but the article is from 1/2013) the Japanese exporters were asking for 110, but said it would cause problems with wages (losing value). I am only doing short scalping trades on the 1hr until I get stuck like I did with U/J while sleeping.

Here: http://www.bloomberg.com/news/2013-0...er-dollar.html
  • #44,531
  • Apr 4, 2014 11:13am Apr 4, 2014 11:13am
Quoting thevolatile
I am long this time at 103.313 hope to avenge for my loss in shorting this USDJPY pair, have a nice weekend
Even if you end up right................those are the words of someone sure to blow an account or 2...........or 8
  • #44,532
  • Apr 4, 2014 11:23am Apr 4, 2014 11:23am
Yeap I admit, still have a lot to learn about Forex. Have to flow up a few accounts to really get the hang of it.
  • #44,533
  • Apr 4, 2014 11:39am Apr 4, 2014 11:39am
Quoting thevolatile
Yeap I admit, still have a lot to learn about Forex. Have to flow up a few accounts to really get the hang of it.
Thats funny............and true. I had to blow a few accounts to really see how I reacted live and get rid of stupid tendencies I had. Im a lot better trader now and part of it is because i wont make the same mistakes. Let me save you some money by saying, if the only reason you place a trade is for revenge on the market.........Dont trade lol...wait. The market doesnt give a crap about what we won or lost.

So go ahead, blow a few accounts. make sure they are small and all money you can lose and be ok with. Sometimes even that doesnt work because when you start makig larger amounts bad habits reoccur LOL. All the same I hope you turn your red pips green.
  • #44,534
  • Edited 2:07pm Apr 4, 2014 1:25pm | Edited 2:07pm
Despite it being a revenge trade he placed it in a good place. But seems the down is not over for now, still too much strength. @thevolatile, I closed all my good (higher lot amount) shorts earlier too @103.70 or in loss when it reached 104,10. Made only 15% of what I could if I had let them run.

Daily bar destroyed 3 days of hard work for the bulls.

Seems like buyers at 103.20 were weak. Let's see at 103 now.
  • #44,535
  • Apr 4, 2014 3:36pm Apr 4, 2014 3:36pm
Thanks, learning every day from all the experts around here
  • #44,536
  • Apr 5, 2014 9:10am Apr 5, 2014 9:10am
Well,

103,25 held so now there is a chance for small rebound. Somewhere at 103,5 there will be decision point.

Opened long at 103,27 - SL 103,1.

Have a nice weekend
  • #44,537
  • Apr 5, 2014 9:44am Apr 5, 2014 9:44am
Quoting mazurskilos
Well, 103,25 held so now there is a chance for small rebound. Somewhere at 103,5 there will be decision point. Opened long at 103,27 - SL 103,1. Have a nice weekend
103.24 is of interest to me. If it breaks then I would be targeting 102.16. However, 102.96 could also provide good support. If these two hold then 104.37 is on the way. Some fair resistance between 103.76 to 103.94.
  • #44,538
  • Apr 5, 2014 10:10am Apr 5, 2014 10:10am
Quoting Trendzalore
Well, I for one thought 103.27 was going to be the line in the sand before heading down. Since price has pushed through this area it can now go to 104+, most likely 104.37. However, I am staying out becasue i still think based on volume and value that there is still a very good chance price goes sharply down. Of course I could be wrong but it still seems like this is retail buying and not big guys buying. Longterm this pair is headed up I believe, but not before a gooooooood drop. We shall see. happy pips to those making them.
Pretty much in line. But unless it continues to drop, it looks now like there may be room to go up from 102.97. I think that is the deciding point/zone. Up from there or crash down from there.
  • #44,539
  • Apr 6, 2014 10:55pm Apr 6, 2014 10:55pm
looking to try longs against 103.03
Look Sharp/Trade Tight
  • #44,540
  • Apr 7, 2014 12:12am Apr 7, 2014 12:12am
Enter long, SL 102.7. Target 105+
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