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USD/JPY Discussion

  • #44,841
  • Apr 15, 2014 9:07pm Apr 15, 2014 9:07pm
I think 102.16-33 area is the next hurdle though. But it is in danger of being broken.
  • #44,842
  • Apr 15, 2014 9:11pm Apr 15, 2014 9:11pm
Quoting Trendzalore
{quote} Had to bring this one up. It was contrary to my thoughts..........but appears to be spot on right now. We will see if price can keep going up.
it will go down 102.28ish you see go short or nat
  • #44,843
  • Apr 15, 2014 9:16pm Apr 15, 2014 9:16pm
Quoting Trendzalore
Had to bring this one up. It was contrary to my thoughts..........but appears to be spot on right now. We will see if price can keep going up.
Hehe, thanks Trendzalore. I'm not trying to persuade anyone here, but just call it as I see it, and it was a pretty easy call at the beginning of this week.

I'm still holding on to my long(s) from 101.47, like sir Rizmeister.

As I said previously, I expect 102 to provide some support, but it's quite possible it could be tested and broken now to the downside, but I wouldn't count on it. This (up)trend is just starting to develop and there is PLENTY of room left to run, especially if it can get past 102.10 with ease. 102.30 shouldn't be a problem either, it's just a matter of time.

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  • #44,844
  • Apr 15, 2014 9:16pm Apr 15, 2014 9:16pm
Quoting sergo
{quote} it will go down 102.28ish you see go short or nat
I still think it is not safe to go long until 102.33 is broken so im on the sidelines.
  • #44,845
  • Apr 15, 2014 9:20pm Apr 15, 2014 9:20pm
Quoting smash1820
{quote} Hehe, thanks Trendzalore. I'm not trying to persuade anyone here, but just call it as I see it, and it was a pretty easy call at the beginning of this week. I'm still holding on to my long(s) from 101.47, like Rizmeister. As I just said, I expect 102 to provide some support from here, but it's quite possible it could be tested and broken now to the downside, but I wouldn't bet on it. This trend (uptrend) is just starting to develop now and there is PLENTY of room left to run, especially if it can get past 102.10 with ease. 102.30 shouldn't...
So far it doesn't look like 102.30 is going to make it through the night.
  • #44,846
  • Apr 15, 2014 9:22pm Apr 15, 2014 9:22pm
Quoting Trendzalore
So far it doesn't look like 102.30 is going to make it through the night.
Perhaps, but I haven't mentioned the night, or put a deadline on the trade.

The trend is still up.
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  • #44,847
  • Apr 15, 2014 9:26pm Apr 15, 2014 9:26pm
most of the gains in the pair are past. it had a massive 1.5yr jump and still needs to consolidate those gains.
  • #44,848
  • Apr 15, 2014 9:26pm Apr 15, 2014 9:26pm
Quoting Trendzalore
{quote} I still think it is not safe to go long until 102.33 is broken so im on the sidelines.
agree but I don't trade like this (safe) and short not long
  • #44,849
  • Apr 15, 2014 9:29pm Apr 15, 2014 9:29pm
Quoting Halba
it had a massive 1.5yr jump and still needs to consolidate those gains.
I agree with this

Quoting Halba
most of the gains in the pair are past
but respectfully disagree with this! The best has yet to come
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  • #44,850
  • Apr 15, 2014 9:29pm Apr 15, 2014 9:29pm
its going up too fast
  • #44,851
  • Apr 15, 2014 9:30pm Apr 15, 2014 9:30pm
Quoting sergo
its going up too fast
why are you so surprised? i've been telling everyone for weeks. just listen to your master next time, haha j/k
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  • #44,852
  • Apr 15, 2014 9:34pm Apr 15, 2014 9:34pm
Quoting smash1820
{quote} I agree with this {quote} but respectfully disagree with this! The best has yet to come
with us yields around 2.7%?
us interest rates have to rise appreciably or some fresh stimulus for there to be a huge move

already a 2500 pip move which factors in a lot of stimulus already
  • #44,853
  • Apr 15, 2014 9:35pm Apr 15, 2014 9:35pm
102.40 90% down ab=cd
  • #44,854
  • Apr 15, 2014 9:37pm Apr 15, 2014 9:37pm
1 short now and 1 short at 102.40
  • #44,855
  • Apr 15, 2014 9:39pm Apr 15, 2014 9:39pm
Quoting sergo
{quote} agree but I don't trade like this (safe) and short not long
me either. I was expecting a move just like this but down. Fortunately, I played it safe and waited for a target which was not broken. So the longs have the floor for now. I may switch bias but not just yet.
  • #44,856
  • Apr 15, 2014 9:40pm Apr 15, 2014 9:40pm
Quoting Halba
{quote} with us yields around 2.7%? us interest rates have to rise appreciably or some fresh stimulus for there to be a huge move already a 2500 pip move which factors in a lot of stimulus already
I don't know about the fundamentals. I'm not a big fan of that part. The only thing I know is that the area I've circled in red is screaming bullish, for reasons that I will not discuss.
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  • #44,857
  • Apr 15, 2014 9:40pm Apr 15, 2014 9:40pm
Quoting sergo
1 short now and 1 short at 102.40
I learned long ago with JPY pairs.............don't step in front of them No matter what bias.
  • #44,858
  • Apr 15, 2014 9:43pm Apr 15, 2014 9:43pm
Quoting Trendzalore
{quote} I learned long ago with JPY pairs.............don't step in front of them No matter what bias.

True, I thought may see a buy in yen on Chinese data. But, it's pretty much inline. Traders want action from BoJ
When the facts change I change my mind, what do you do sir
  • #44,859
  • Apr 15, 2014 9:43pm Apr 15, 2014 9:43pm
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  • #44,860
  • Apr 15, 2014 9:45pm Apr 15, 2014 9:45pm
Quoting Trendzalore
I learned long ago with JPY pairs.............don't step in front of them No matter what bias.
You want to step in front of them, that's how you make ur money

That is what order flow/price action trading is all about!

No offense, but if you don't step in front of them, then ur a sucker, paying too high of a price, and I will take ur money
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