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USD/JPY Discussion

  • #45,221
  • Apr 24, 2014 7:35pm Apr 24, 2014 7:35pm
Ahh what the heck, i'l put a small bit on a move up. Lets see where it goes today. Lots of divergence on hourly OBV and hidden divergence in 4 hour %R
  • #45,222
  • Apr 24, 2014 7:36pm Apr 24, 2014 7:36pm
As soon as its over 102.38 i'l go in for a TP around 102.90
  • #45,223
  • Apr 24, 2014 7:40pm Apr 24, 2014 7:40pm
Quoting Citiboy
If this SPX and USDJPY correlation keeps up I dont see how this pair doesnt fall significantly int he next couple of weeks. Stocks look shaky, and the USDJPY has been in a range/bear flag for 3 months now. {image}

  • #45,224
  • Apr 24, 2014 8:07pm Apr 24, 2014 8:07pm
For better or worse, in at 102.41with a tight SL of 102.29

TP 103.60
  • #45,225
  • Apr 24, 2014 8:09pm Apr 24, 2014 8:09pm
Quoting Trendzalore
For better or worse, in at 102.41with a tight SL of 102.29 TP 103.60
102.55/60 has been tough, but if it hurdles that, 103+ valid Still targeting 102.80 and 172.6 on GBPJPY
When the facts change I change my mind, what do you do sir
  • #45,226
  • Apr 24, 2014 8:10pm Apr 24, 2014 8:10pm
Quoting Trendzalore
For better or worse, in at 102.41with a tight SL of 102.29 TP 103.60
Put a 30 pip trailing stop just in case it runs out of steam too soon.
  • #45,227
  • Apr 24, 2014 8:11pm Apr 24, 2014 8:11pm
Quoting Pip Anon
{quote} 102.55/60 has been tough, but if it hurdles that, 103+ valid
I feel safe doing it here because of the 4 hour hidden divergence on %R and OBV divergence on hourly. It has some juice to pass it finally, lets see if it does.
  • #45,228
  • Apr 24, 2014 8:14pm Apr 24, 2014 8:14pm
Hurdles are 102.49 and 102.60. If past those then it can move more smoothly up.
  • #45,229
  • Apr 24, 2014 8:22pm Apr 24, 2014 8:22pm
Quoting Trendzalore
{quote} I feel safe doing it here because of the 4 hour hidden divergence on %R and OBV divergence on hourly. It has some juice to pass it finally, lets see if it does.
Im sure Putin will tweet something mean. The dollar is pissing me off tho. There have been large drops in dollar-yen, but each have been bought up. I would like to think that is fairly bullish lol
When the facts change I change my mind, what do you do sir
  • #45,230
  • Apr 24, 2014 8:25pm Apr 24, 2014 8:25pm
Quoting Pip Anon
{quote} Im sure Putin will tweet something mean. The dollar is pissing me off tho. There have been large drops in dollar-yen, but each have been bought up. I would like to think that is fairly bullish lol
This pair has ticked me off since the start of the new year. It slowed down right when I thought I had a decent handle on it.
  • #45,231
  • Apr 24, 2014 8:31pm Apr 24, 2014 8:31pm
Divergence, Trendline, Head & Shoulder, IF not this then that............

Amazing, this makes forex alive lol
  • #45,232
  • Apr 24, 2014 8:33pm Apr 24, 2014 8:33pm
Quoting Trendzalore
{quote} This pair has ticked me off since the start of the new year. It slowed down right when I thought I had a decent handle on it.
I use to LOVE yen pairs. But all of them have died down. I remember when GBPJPY would have 2-3, sometimes 400 pip daily ranges, and now its like woahhh woah waaaa

But it is understandable to some degree. Coming into the new year the market has began to doubt the BoJ to some degree. Shit, first few months of the year yen was up over 3%
When the facts change I change my mind, what do you do sir
  • #45,233
  • Apr 24, 2014 8:36pm Apr 24, 2014 8:36pm
Quoting Ken A
Divergence, Trendline, Head & Shoulder, IF not this then that............ Amazing, this makes forex alive lol
Funny you said that cause there sure is a sweet looking H&S on the daily. If it breaks its going down fast. This baby is giving more mixed signals than a single lady in a bar at closing time.
  • #45,234
  • Apr 24, 2014 8:43pm Apr 24, 2014 8:43pm
Quoting Trendzalore
{quote} Funny you said that cause there sure is a sweet looking H&S on the daily. If it breaks its going down fast. This baby is giving more mixed signals than a single lady in a bar at closing time.

Single ladies that don't wanna go home with you leave before closing time
When the facts change I change my mind, what do you do sir
  • #45,235
  • Apr 24, 2014 8:47pm Apr 24, 2014 8:47pm
Quoting Pip Anon
{quote} Single ladies that don't wanna go home with you leave before closing time
  • #45,236
  • Apr 24, 2014 8:48pm Apr 24, 2014 8:48pm
Getting mixed singles with this yen. Green futures coming in, but fundamentally I don't see why you buy here. Each of the last two inflation led into large up moves. Feb move went down then higher, while last move went up large.
When the facts change I change my mind, what do you do sir
  • #45,237
  • Apr 24, 2014 8:48pm Apr 24, 2014 8:48pm
Quoting Trendzalore
{quote}
When the facts change I change my mind, what do you do sir
  • #45,238
  • Apr 24, 2014 8:50pm Apr 24, 2014 8:50pm
The yen is back?
Please check out my blog at https://from-zero-to-hero . net
  • #45,239
  • Apr 24, 2014 9:21pm Apr 24, 2014 9:21pm
The yen has been undergoing a massive 3-month long consolidation, which can be seen very well on the Weekly chart.

It has been very frustrating to trade with, especially this past week, where there has been, at times, virtually NO movement.

But the trend will eventually resume, and USD/JPY should skyrocket upwards once again. I personally am looking forward to a break of 105.

I have circled the Weekly consolidation below, in red.
Attached Image
Please check out my blog at https://from-zero-to-hero . net
  • #45,240
  • Apr 24, 2014 10:36pm Apr 24, 2014 10:36pm
Looks like the boys in Japan want more down
When the facts change I change my mind, what do you do sir
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