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USD/JPY Discussion

  • #44,761
  • Apr 13, 2014 7:13pm Apr 13, 2014 7:13pm
Quoting Rizmeister
Long at 101.47. Gl all
Nice work, and good luck to ya buddy! I am long from the EXACT same price! I think it's a good price... for now
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Quoting stf77
{quote} Whats your take on GBPJPY?
Please allow me to get back to you on this. I will have to pull up some G/J charts, I haven't looked at one in months... But I am BULLISH on U/J, if that matters.

PS: Trendzalore, I still think 101.3/4 holds...
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  • #44,762
  • Apr 13, 2014 7:17pm Apr 13, 2014 7:17pm
Quoting smash1820
{quote} Nice work, and good luck to ya buddy! I am long from the EXACT same price! I think it's a good price... for now {image} {quote} Please allow me to get back to you on this. I will have to pull up some G/J charts, I haven't looked at one in months... But I am BULLISH on U/J, if that matters. PS: Trendzalore, I still think 101.3/4 holds...


  • #44,763
  • Apr 13, 2014 7:23pm Apr 13, 2014 7:23pm
Quoting smash1820
{quote} {image} {quote} But I am BULLISH on U/J, if that matters. PS: Trendzalore, I still think 101.3/4 holds...
I have definitely been wrong many times before LOL! So you may be right. But I honestly think its going down first. 100.9 minimum.
  • #44,764
  • Apr 13, 2014 7:29pm Apr 13, 2014 7:29pm
Quoting Trendzalore
{quote} I have definitely been wrong many times before LOL! So you may be right. But I honestly think its going down first. 100.9 minimum.
Don't worry, take my advice with a grain of salt, because I have been wrong plenty of times before too.

You may indeed be right, and there is a perfectly valid case for both longs AND shorts here, so I'm not calling anyone stupid! Just be sure to keep a close eye on the market and be ready to change your mind, should you have to. That is really the key to successful trading.

And by all means, it is NOT as easy as it sounds... I am still working on it, if that makes you (or anyone) feel better.

I just have lots of time on my hands, so much that I can post a bunch of useless crap and still be taken seriously
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  • #44,765
  • Apr 13, 2014 8:06pm Apr 13, 2014 8:06pm
Quoting stf77
Whats your take on GBPJPY?
Here are my thoughts:

GBP/JPY looks very similar to USD/JPY, in my opinion, which is no surprise, because U/J is the base currency for G/J.

With that said, I see a very important double-bottom on the 1H TF in an otherwise very bullish trend (also no surprise).

Hence, I am bullish G/J from (currently) 169.87.

If I had any advice, I would say to keep a close eye on the 4H and Daily charts (also similar to U/J), because the area I have circled in red in the screenshot below is still a cause for concern.

If G/J breaks below 169.60, that would be a sign to go short. That level probably corresponds with 101.3/4 on U/J, I am guessing.
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  • #44,766
  • Apr 13, 2014 8:25pm Apr 13, 2014 8:25pm
I think the market makers are out to f* me tonight, cuz they've been doing a damn good job

Who knew how much difference 2 minutes could make???
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  • #44,767
  • Apr 13, 2014 8:50pm Apr 13, 2014 8:50pm
f*ing breakout already
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  • #44,768
  • Apr 13, 2014 8:52pm Apr 13, 2014 8:52pm
Quoting smash1820
f*ing breakout already

  • #44,769
  • Apr 13, 2014 9:27pm Apr 13, 2014 9:27pm
Confluence between bullish trend line and support.
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  • #44,770
  • Apr 13, 2014 10:11pm Apr 13, 2014 10:11pm
Quoting smash1820
I think the market makers are out to f* me tonight, cuz they've been doing a damn good job Who knew how much difference 2 minutes could make???
Oh my god, this is SO sick. The market makers just won, by 0.8 pips, within 1 f*ing minute!!!

I didn't think it was possible, but they 1-upped me. Not only does 2 minutes matter, one stupid minute can make a tremendous impact when you are trading options.

I swear to god, they are out to get me tonight

I am right the whole time, and I still lose money! God damnit, go figure!

PS: That is why options trading is so tough, and daytrading is even tougher. You need to get the time component right, in addition to the direction.
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  • #44,771
  • Apr 13, 2014 10:29pm Apr 13, 2014 10:29pm
Gidday Smash

Thought the YEN Masters

would come to defend the 101

My longs been taking a crash course in diving lessons

for the last month
  • #44,772
  • Apr 13, 2014 10:36pm Apr 13, 2014 10:36pm
Quoting eliteincome
Gidday Smash Thought the YEN Masters would come to defend the 101 My longs been taking a crash course in diving lessons for the last month
Hi my friend,

Yes, it has been a tough ride for the longs so far. I am almost like a "perma-bull", so I feel your pain. Try to stick it out though, if you can. The one thing about the longs that you can always count on, is that they will always come back.

Trust me, I really do feel your pain , because I've been long for the last several hours, pretty much since the market open, from about 101.47'ish, and the market has gone up, but I have lost money in my options account because I was off by SEVERAL MINUTES.
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  • #44,773
  • Apr 13, 2014 11:07pm Apr 13, 2014 11:07pm
Weekly. Right on the line.

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  • #44,774
  • Apr 13, 2014 11:39pm Apr 13, 2014 11:39pm
4h MACD divergence, Long @ 101.58 sl 101.25 tp 102.52
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Good thoughts and actions can never produce bad results.
  • #44,775
  • Apr 13, 2014 11:46pm Apr 13, 2014 11:46pm
Quoting Mpt
Weekly. Right on the line. {image}
So??? What do you expect?
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  • #44,776
  • Apr 13, 2014 11:51pm Apr 13, 2014 11:51pm
Quoting smash1820
{quote} So??? What do you expect?
I'm seeing resistance coming down at about 101.65/7 and weekly gann sitting at 101.5. GJ is out at 170 (and tested twice). I think UJ is also out - barely. So, a fall out of 101.0/5 brings a drop. It may just be (eventually) down to the 99 x area, then up - or it could turn into something bigger.
  • #44,777
  • Apr 13, 2014 11:55pm Apr 13, 2014 11:55pm
USDJPY- s/t stops above 101.70 and 101.85, stop below 101.30 with larger sub 101.20 in case you forgot

Proly all about Ukraine and equities today
  • #44,778
  • Apr 14, 2014 12:02am Apr 14, 2014 12:02am
Quoting Mpt
I'm seeing resistance coming down at about 101.65/7 and weekly gann sitting at 101.5. GJ is out at 170 (and tested twice). I think UJ is also out - barely. So, a fall out of 101.0/5 brings a drop. It may just be (eventually) down to the 99 x area, then up - or it could turn into something bigger.
Well, I appreciate your thoughtful analysis. I just don't like posts without analysis, no offense. Because why bother posting at all then?!

Respectfully, though, I will have to disagree with you. I see the resistance you are talking about at 101.65ish, but I think that can EASILY be broken, at which point, the trend (or let's say, start of a new one?) will resume upwards. The week is still young, and there is plenty of time left, which I believe works to the advantage of the bulls.
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  • #44,779
  • Apr 14, 2014 12:13am Apr 14, 2014 12:13am
Nikkei closed in red -0.36% but UJ didn't follow and looks like ready for bounce. Zone around 101.30/40 proves to be a good support since early February. That's good for longs here.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #44,780
  • Apr 14, 2014 12:30am Apr 14, 2014 12:30am
Quoting bikov
Nikkei closed in red -0.36% but UJ didn't follow and looks like ready for bounce. Zone around 101.30/40 proves to be a good support since early February. That's good for longs here.
Please check out my blog at https://from-zero-to-hero . net
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