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AUD/JPY

  • #981
  • Apr 4, 2014 2:40am Apr 4, 2014 2:40am
Quoting Neqrotik
{quote} 1000 pips huh? so 110.00? an all time high?
I don't know, but to reverse the trend, i must have margin of safety.
  • #982
  • Apr 4, 2014 4:23am Apr 4, 2014 4:23am
i'am going short too at 96.00. nice resisten here.
  • #983
  • Apr 4, 2014 4:53am Apr 4, 2014 4:53am
Quoting Neqrotik
{quote} Why target so low?

38.2% Fib - previous low/high
  • #984
  • Apr 4, 2014 6:10am Apr 4, 2014 6:10am
Quoting BoyRamadhani
i'am going short too at 96.00. nice resisten here.
96 is not resistance. Minor one at 97. Major one at 97.8
Shit Happens
  • #985
  • Apr 4, 2014 6:21am Apr 4, 2014 6:21am
Quoting act333
{quote} 96 is not resistance. Minor one at 97. Major one at 97.8
you are right. that's why i short very small amount. It has potential to go further 100-300 pips due to the participants.
  • #986
  • Apr 4, 2014 11:36am Apr 4, 2014 11:36am
that is going to be an UGLY daily bar closing - will short at closing time
  • #987
  • Apr 4, 2014 11:49am Apr 4, 2014 11:49am
According to plan..B leg touched resistance...it's time for C..
  • #988
  • Apr 6, 2014 4:43am Apr 6, 2014 4:43am
Quoting Compulsive
that is going to be an UGLY daily bar closing - will short at closing time
Quoting zodiak
According to plan..B leg touched resistance...it's time for C..
Hi, you are right.
A/J was strong for almost 3 weeks until last Friday - a PB formed.
http://www.forexfactory.com/showthre...45#post7385645
94.40 is the level to watch - imho
cheers
  • #989
  • Apr 6, 2014 11:15am Apr 6, 2014 11:15am
My view.....
Attached Image (click to enlarge)
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  • #990
  • Apr 8, 2014 2:39am Apr 8, 2014 2:39am
Quoting zodiak
My view..... {image}

What about the top range??

this pair is strong to the upside careful?? long term talk of course.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #991
  • Apr 8, 2014 7:05pm Apr 8, 2014 7:05pm
Quoting Compulsive
that is going to be an UGLY daily bar closing - will short at closing time
took my +50 and have reversed: LONG on Breakout on the weekly and monthly chart (YEN in a trading range)
Target still 100 or slightly above

http://i.imgur.com/R0DHZa0.png
  • #992
  • Apr 12, 2014 2:59am Apr 12, 2014 2:59am
Trading below DP @95.73 and below the 50MA on the 4H. Bullish momentum fading?

Anyone else think a stronger retrace back to trend line support is possible this week? Looks like price is hanging on the edge of a cliff, or maybe that's just wishful thinking by a guy buried in his shorts

Greens pips to all
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #993
  • Apr 12, 2014 7:38am Apr 12, 2014 7:38am
Quoting Expo33
Trading below DP @95.73 and below the 50MA on the 4H. Bullish momentum fading? Anyone else think a stronger retrace back to trend line support is possible this week? Looks like price is hanging on the edge of a cliff, or maybe that's just wishful thinking by a guy buried in his shorts Greens pips to all
Bro, I think you may spot on this fading momentum. I have the same bias as you.

The below chart posted is just my own opinions:
- Both bull trends had reached a length of 800 - 1000 pips. (Possible leg retracement)
- Psychological 50% retracement (Price tends to retrace at 50% regardless of retracement length)
- Volume decrease for the last few weekly bullish candles, while the last bear candle had a volume increase which may hinted a possible reversal/retracement or bull exhaustion.

Green pips to you too. Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpyweekly.png Size: 45 KB
The only winner is the one who survive the longest...
  • #994
  • Apr 12, 2014 9:58am Apr 12, 2014 9:58am
Quoting Expo33
Trading below DP @95.73 and below the 50MA on the 4H. Bullish momentum fading? Anyone else think a stronger retrace back to trend line support is possible this week? Looks like price is hanging on the edge of a cliff, or maybe that's just wishful thinking by a guy buried in his shorts Greens pips to all {image}

If you are selling short try to get out at the first opp,
A retrace is likely to 0.94... on daily, this pairs is bullish without doubt.
Attached Image
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #995
  • Apr 12, 2014 10:05am Apr 12, 2014 10:05am
Unless you scalping this during quiet hours goingnshort this is a pretty bad Idea Imo. For one you have the massive carry traders all going long and holding forever, and the aud itself is in a blazing uptrend, better to look at gbpjpy or eurjpy for a short
All posts are my personal opinion
  • #996
  • Apr 12, 2014 11:12pm Apr 12, 2014 11:12pm
Quoting Zircon
{quote} If you are selling short try to get out at the first opp, A retrace is likely to 0.94... on daily, this pairs is bullish without doubt. {image}
I would be happy to get out at 94
Pride always comes before destruction.... -Proverbs 16:18
  • #997
  • Apr 12, 2014 11:20pm Apr 12, 2014 11:20pm
Quoting Rtm
Unless you scalping this during quiet hours goingnshort this is a pretty bad Idea Imo. For one you have the massive carry traders all going long and holding forever, and the aud itself is in a blazing uptrend, better to look at gbpjpy or eurjpy for a short
I agree with you long term. Technically, looks like a retrace is needed, but every attempt at something significant seems to get pushed back up either by AUD strength, UJ strength, or risk on sentiment from US equity strength. And as you say massive carry trade influence.

I wonder what support level would have to be breached to induce carry traders to dump their positions?
Pride always comes before destruction.... -Proverbs 16:18
  • #998
  • Apr 13, 2014 12:05am Apr 13, 2014 12:05am
Quoting Rtm
Unless you scalping this during quiet hours goingnshort this is a pretty bad Idea Imo. For one you have the massive carry traders all going long and holding forever, and the aud itself is in a blazing uptrend, better to look at gbpjpy or eurjpy for a short
"Blazing uptrend" is a gross exaggeration in my opinion.

Just hold a short with a small position if you absolutely HAVE to be in it. All you need is time.
The coincidental success is more dangerous than the expected failure
  • #999
  • Apr 14, 2014 1:54pm Apr 14, 2014 1:54pm
Hey traders. Hope you're doing well. Back to AUD/JPY. Placed a pending sell @ 96,88 with SL @ 97,33.

Good luck this week!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #1,000
  • Apr 15, 2014 3:19pm Apr 15, 2014 3:19pm
Chart has a new look now. Made a new low and temporarily closed below the 50MA on the 4H.

Looks like another war zone at 100MA and 23.6FIB

Chinese data later will be interesting, push back up into short term resistance or possible fall down to 38.2FIB and maybe a run at the 200MA near 50FIB and the big number at 94?? Maybe wishful thinking form a guy still buried in his shorts.

Any thoughts always appreciated, green pips to all
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Pride always comes before destruction.... -Proverbs 16:18
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