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USD/JPY Discussion

  • #45,341
  • Apr 28, 2014 2:00pm Apr 28, 2014 2:00pm
Quoting Rtm
{quote} At what point did you enter the picture lol first you were asking about anyone shorting, then saying us shorts were brave and optimistic, now its that was an easy short? I dont understand.
Its always an easy trade looking bad. Some people are the George Soros of predicting market moves which happened one day ago.
  • #45,342
  • Apr 28, 2014 2:01pm Apr 28, 2014 2:01pm
Quoting Rtm
{quote} At what point did you enter the picture lol first you were asking about anyone shorting, then saying us shorts were brave and optimistic, now its that was an easy short? I dont understand.
yeah at the point when I was asking I didnt expect the UJ to go past 102.5x.

I shorted 102.6x down almost 30 pips.
  • #45,343
  • Apr 28, 2014 2:06pm Apr 28, 2014 2:06pm
Quoting kweiss10
{quote} yeah at the point when I was asking I didnt expect the UJ to go past 102.5x. I shorted 102.6x down almost 30 pips.
I figured so! guess its only respect you didnt share your trades with everyone, anyways, I am still short. Put my last order in today at 102.50 which got filled. Still looking weak on the bear side, but if anything we are trading in a range so there is no real direction here. Good luck to you, wish you pips!
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All posts are my personal opinion
  • #45,344
  • Apr 28, 2014 2:08pm Apr 28, 2014 2:08pm
Quoting mahras
{quote} Its always an easy trade looking bad. Some people are the George Soros of predicting market moves which happened one day ago.
Maybe they have a trader's almanac equivalent? If I could trade hindsight like some of these people seem to I'd be very rich.
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  • #45,345
  • Apr 28, 2014 2:16pm Apr 28, 2014 2:16pm
It seems that there is no direction no trends in the market anymore, unless there is news. No matter what side you take, it will always go against you at first and then you have to hold down to your positions forever, paying swaps and tying up your capital and eventually it goes into your favour. It's pathetic. It's like you just need to close your eyes and flip a coin. No need for technical analysis, no need for fundamental analysis.

Long currently in CADJPY. Considering how close USD and CAD are, if CADJPY is going up, USDJPY usually follows suit.
Make your losses in demo. Earn your profits live.
  • #45,346
  • Apr 28, 2014 2:19pm Apr 28, 2014 2:19pm
Quoting Forexia
It seems that there is no direction no trends in the market anymore, unless there is news. No matter what side you take, it will always go against you at first and then you have to hold down to your positions forever, paying swaps and tying up your capital and eventually it goes into your favour. It's pathetic. It's like you just need to close your eyes and flip a coin. No need for technical analysis, no need for fundamental analysis. Long currently in CADJPY. Considering how close USD and CAD are, if CADJPY is going up, USDJPY usually follows suit....
Just need a pair of these https://encrypted-tbn0.gstatic.com/i...ByrcjPRRV0e_2Ahaha
All posts are my personal opinion
  • #45,347
  • Apr 28, 2014 2:27pm Apr 28, 2014 2:27pm
Quoting Trendzalore
{quote} I dont think 102.70 is going to hold this time. looks like the Hidden divergence is playing out now and there is solid momentum behind it. tha level has been pretty stubborn though. May take another attempt or two but i think it will be broken.:nerd:
Gonna break 102.70
  • #45,348
  • Apr 28, 2014 2:29pm Apr 28, 2014 2:29pm
Quoting Trendzalore
I would say points of interest would be 102.33 to as low as 102.16 to buy if one were to go long. I will wait til this pair makes up its mind and breaks either way. At your own risk though
It got back to 102.31 before moving back up..........so either it breaks 102.70 soo or back to 102.16-102.33 area, but it will break 102.70 at least how I see it.
  • #45,349
  • Apr 28, 2014 2:29pm Apr 28, 2014 2:29pm
Quoting Rtm
{quote} Just need a pair of these {image}haha
  • #45,350
  • Apr 28, 2014 2:30pm Apr 28, 2014 2:30pm
Quoting Forexia
It seems that there is no direction no trends in the market anymore, unless there is news. No matter what side you take, it will always go against you at first and then you have to hold down to your positions forever, paying swaps and tying up your capital and eventually it goes into your favour. It's pathetic. It's like you just need to close your eyes and flip a coin. No need for technical analysis, no need for fundamental analysis. Long currently in CADJPY. Considering how close USD and CAD are, if CADJPY is going up, USDJPY usually follows suit....
Worst trading year i can remember in my 8 years trading. BORING.
  • #45,351
  • Apr 28, 2014 2:58pm Apr 28, 2014 2:58pm
Why are these bulls wasting my time. Let this bad girl fall.
  • #45,352
  • Apr 28, 2014 3:00pm Apr 28, 2014 3:00pm
Quoting Rizmeister
Why are these bulls wasting my time. Let this bad girl fall.

"RUSSIAN TROOPS RETURNED TO BASE FROM UKRAINE BORDER: IFX // "story" behind stock rally? Dow now up over 100 pts, Nasdaq positive." This is why was this little rally.Good question,will this cont or not?
  • #45,353
  • Apr 28, 2014 3:02pm Apr 28, 2014 3:02pm
Quoting gstup
{quote} "RUSSIAN TROOPS RETURNED TO BASE FROM UKRAINE BORDER: IFX // "story" behind stock rally? Dow now up over 100 pts, Nasdaq positive." This is why was this little rally.Good question,will this cont or not?
I am still holding my huge long position in SP500
All posts are my personal opinion
  • #45,354
  • Apr 28, 2014 3:03pm Apr 28, 2014 3:03pm
Quoting Rizmeister
Why are these bulls wasting my time. Let this bad girl fall.
any insights on why you think this will fall? any tech or fundy analysis to share?
  • #45,355
  • Apr 28, 2014 3:06pm Apr 28, 2014 3:06pm
Quoting Trendzalore
{quote} Worst trading year i can remember in my 8 years trading. BORING.
Its so boring as the FX news feeds are spitting out shit news about people sueing for same sex marriage BS and other cases on rape and totally irrelevant stories!
All posts are my personal opinion
  • #45,356
  • Apr 28, 2014 3:11pm Apr 28, 2014 3:11pm
The charts show no interest above 102.6 but they continue to try even after getting smacked down at 102.7 after great us data. Im actually posting from cellphone in class . Listening to presentations. Possible tripple top on 4hr and still in down channel on dailly.
  • #45,357
  • Apr 28, 2014 3:21pm Apr 28, 2014 3:21pm
Quoting Trendzalore
{quote} Worst trading year i can remember in my 8 years trading. BORING.
Absolutely agree. It just got worse and worse and worse after the financial meltdown of 2008.
Make your losses in demo. Earn your profits live.
  • #45,358
  • Apr 28, 2014 3:56pm Apr 28, 2014 3:56pm
From my POV, we are facing a clear uptrend to 104.500 area, earlier this year we had few announcements from BOJ Promising to stabilize the FX rates, which i understand it as hidden interventions that can be shown clear in this stable movement yet slow uptrend. after reaching 104.500 it will come down to 101.700 zone again.
i recommend going long now, on H4 frame MA is crossing uptrend with targets 103.500 and 104.500 stop loss at 101.200, Yes that huge but money management is our only option.
  • #45,359
  • Apr 28, 2014 4:40pm Apr 28, 2014 4:40pm
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  • #45,360
  • Apr 28, 2014 4:40pm Apr 28, 2014 4:40pm
Quoting mr_maro
From my POV, we are facing a clear uptrend to 104.500 area, earlier this year we had few announcements from BOJ Promising to stabilize the FX rates, which i understand it as hidden interventions that can be shown clear in this stable movement yet slow uptrend. after reaching 104.500 it will come down to 101.700 zone again. i recommend going long now, on H4 frame MA is crossing uptrend with targets 103.500 and 104.500 stop loss at 101.200, Yes that huge but money management is our only option.

Meh we have halted and consolidated pretty much on weekly chart, when and if we will continue to resume upwards thats up to the forex gods.
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