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USD/JPY Discussion

  • #44,901
  • Apr 16, 2014 1:26am Apr 16, 2014 1:26am
Quoting Farrusco
okay guys my longs are "safe" now i'll go back to sleep see you
i just bounced on the 21 ema , very normal on the first bounce. real sellers will be around here, daily high and the 4H . alot of buyers jumping on the bandwagon forgetting price has already moved 80 pips up.
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  • #44,902
  • Apr 16, 2014 1:34am Apr 16, 2014 1:34am
Quoting Pip Anon
{quote} Very much so. My biggest problem when I first started with impulse trading. Not that I was gambling on a trade so much more than not waiting for a proper entry. Sometimes I still get an itch. It takes time. Just work on it, it takes time. Richard Denis, who trained the "turtles," said you could publish all his rules but it wouldn't matter because nobody would follow them lol. But God I hate USDJPY, look at GBPJPY and EURJPY chugging along, and theres the little yen pair that could {image}
I obtained a copy of the turtle rules from somewhere (I think Google works..) and spent some time studying them. They struck me as perfect for writing an EA. I was/am however in the stage of development where I have now given up trying to find somebody's magic answer, and so I extracted the essence of the teaching which is valuable in itself. Gradually I am beating down my idiocies, some of them are rather obstinate.

That graphic explains everything. One of the things I like about trading is that it is a continual learning environment.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #44,903
  • Apr 16, 2014 1:49am Apr 16, 2014 1:49am
Quoting Forexia
{quote} Thanks Exo! Should've shorted again @ 101.9. Damn you, Cities in Motion!!!
My "+1 " was in agreement with your analysis of the Ukraine situation and safe haven status of the Yen.
Your other comments about short entries.... IMHO it depends upon the timefame you are trading.
Personally I am expecting close to 105 in 'a few days', but I can see a shorting entry presenting itself at 102.60 or thereabouts.

I am also playing with demo on another broker and this is distracting me....
Green Pips to you.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #44,904
  • Apr 16, 2014 2:27am Apr 16, 2014 2:27am
a lot of US news coming out today plus FOMC and Yellen speech. Anything special to pay attention to?

On somedays what the FOMC or Yellen says moves the markets tremendously. On somedays none at all.

Any ideas to todays releases?
  • #44,905
  • Apr 16, 2014 2:32am Apr 16, 2014 2:32am
Any hint of softening on the taper will rattle some cages.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #44,906
  • Apr 16, 2014 3:28am Apr 16, 2014 3:28am
Sold it on 102.6, than bought 102.6 and did short sold 102.20 and went to EURGBP, it is low right now, hope will rize, also bought XAUGUSD, it was crazy low, silver can't be so low, so it will rize very a lot.

USDJPY - stopped trading it at all for this week, I think now it is too risky for small traders.
  • #44,907
  • Apr 16, 2014 5:00am Apr 16, 2014 5:00am
I think we are ready to break 100, if the ukraine conflict getting worse
  • #44,908
  • Apr 16, 2014 5:10am Apr 16, 2014 5:10am
Quoting artocarpus
I think we are ready to break 100, if the ukraine conflict getting worse
As I told above, no it will not getting worse. I am from Ukraine, current situation is better, war is impossible and USDUAH from 12.5 UAH moved to 11.5 UAH and still going down
http://finance.ua/ru/currency

USDJPY seems will rize again as China killing Japan with last reports.
  • #44,909
  • Apr 16, 2014 5:24am Apr 16, 2014 5:24am
I don't see how this pair going to break 102.45 last stop maybe
  • #44,910
  • Apr 16, 2014 5:43am Apr 16, 2014 5:43am
targeting now the bounce to the low of the day..101.7..lets see what happening.
visit www.OlimpiaFX.com
  • #44,911
  • Apr 16, 2014 5:55am Apr 16, 2014 5:55am
Quoting kweiss10
a lot of US news coming out today plus FOMC and Yellen speech. Anything special to pay attention to? On somedays what the FOMC or Yellen says moves the markets tremendously. On somedays none at all. Any ideas to todays releases?
Well the last NFP is bad but the two most recent CPI numbers were good so depends on what Yellen wants to focus on. If she focuses more on price stability then it'll help USD and prop the UJ up but if she softens on the taper based on the bad NFP number then this pair will crumble. Whether she will move the market or not depends on what she chooses to yap about. If she talks more about tapering, it will move the market a lot, if she talks about how she used to braid her hair like Yulia Tymenshenko, then no.

Can't believe, this pair didn't move an inch before I went to bed at 2:00 am EST. It was 102.22 when I went to bed, 5 hours later, still at 102.22!! If anything, it's gonna be the 11:00 Yellen speech that might move this pair somewhere. Oh well, going back to bed.
Make your losses in demo. Earn your profits live.
  • #44,912
  • Apr 16, 2014 6:26am Apr 16, 2014 6:26am
i so really badly want to short this.
  • #44,913
  • Apr 16, 2014 9:37am Apr 16, 2014 9:37am
Quoting Trendzalore
{quote} I still think it is not safe to go long until 102.33 is broken so im on the sidelines.
102.33 is till providing barrier. Still in danger of a down move if it isnt broken convincingly.
  • #44,914
  • Apr 16, 2014 9:51am Apr 16, 2014 9:51am
Quoting kweiss10
i so really badly want to short this.
Well that explains why this pair is so flat. There are people who want to short it so badly and there are people who are long. And in the mean time there is no news which is the only thing that moves markets these days. Now I know why those criminal mastermind would want to do what they did - to create news that favours them.
Make your losses in demo. Earn your profits live.
  • #44,915
  • Apr 16, 2014 11:15am Apr 16, 2014 11:15am
Go to f..k down she drives me nuts
  • #44,916
  • Apr 16, 2014 11:22am Apr 16, 2014 11:22am
Another leg up it's possible to 50% around 102.70 but I am still holding my short from 102.30 with very tight stop
  • #44,917
  • Apr 16, 2014 11:32am Apr 16, 2014 11:32am
Still long USDJPY although took some profits in the 102.2-102.3 regions.

Effectively, USDJPY trading with 10 year US rates still and I effect US 10y yields to creep back up on back of decent data tomorrow out of the US (jobless claims). I would be surprised if I kept the position going into the weekend.

Believe we close closer to 103 than we do closer to 102 by end of trading Friday. Good luck
  • #44,918
  • Apr 16, 2014 11:48am Apr 16, 2014 11:48am
I'm almost ready to give up on short ( but all the pieces for the puzzles where there for short ) i'm going to wait another four hours Candle let's see what she has to say
  • #44,919
  • Apr 16, 2014 12:58pm Apr 16, 2014 12:58pm
She's giving me a slight signal on weakness but it's very fade buttttt yes yes yes I know this is
Usdjpy and she's fu.....g crazy she's like my pregnant wife one day she's fine another day she wants to kill me
  • #44,920
  • Apr 16, 2014 1:00pm Apr 16, 2014 1:00pm
Another day of roll-over interest for me. And I know the second that I close my positions, it's gonna take off on me with 50, 70 pips of profit!
Make your losses in demo. Earn your profits live.
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