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USD/JPY Discussion

  • #45,501
  • May 5, 2014 4:55am May 5, 2014 4:55am
Quoting smash1820
Ok, I shouldn't make you guys wait for an explanation... so here's why you should buy now and hold, for at least this week (if you are a swing or position trader, UNLIKE myself). Look at what I have circled in red: {image}
Have you been vaccinated lately? You know vaccines can cause brain inflammation?
  • #45,502
  • May 5, 2014 5:32am May 5, 2014 5:32am
Quoting strat1x
{quote} NY is open and this bad girl is going down to 100.xxx
NY is not open for another 90 minutes, according to FF home page.
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  • #45,503
  • May 5, 2014 6:49am May 5, 2014 6:49am
Quoting Exodus
{quote} NY is not open for another 90 minutes, according to FF home page.
I mean like it is not closed for a holiday...
  • #45,504
  • May 5, 2014 7:05am May 5, 2014 7:05am
Got a funny feeling the fall will continue when US opens.

Tension not getting any better.

All green pips from good job data last week totally washed out within 2 hours.

Hope I'm right.....any views?
  • #45,505
  • May 5, 2014 7:23am May 5, 2014 7:23am
101.85 again proved as a good support for UJ. Blue line crossover of MACD signals a reversal towards 102 (20 EMA) and 102.10 levels, breaking which the pair can 102.25 level. However, a fall below 101.85 is likely to be followed by 101.70 and 101.60 levels.
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  • #45,506
  • May 5, 2014 7:49am May 5, 2014 7:49am
Can expect free fall if ISM fails.
  • #45,507
  • May 5, 2014 8:51am May 5, 2014 8:51am
dont like the double doji on the 4hr. bailed on shorts at BE. Will see if we can break the lows later.


if ISM is good will go back to trying a USD long vs eur or chf
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  • #45,508
  • May 5, 2014 9:12am May 5, 2014 9:12am
ISM is good but USD not responding well.......

Maybe the bull needs time to overcome the hangover.
  • #45,509
  • May 5, 2014 9:12am May 5, 2014 9:12am
Nice positive surprise on the ISM PMI, ....nothing happens!
Are they all enjoying an extended May-day break (like we Brits)?
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  • #45,510
  • May 5, 2014 9:14am May 5, 2014 9:14am
Ukraine conflict is just holding this down...
  • #45,511
  • May 5, 2014 9:23am May 5, 2014 9:23am
Scary lol
  • #45,512
  • May 5, 2014 10:48am May 5, 2014 10:48am
Everyone so quiet!!



PS Again bulls fail to do anything with positive number as a catalyst. Russian tensions lurking hehehe GIVE IT UP!! LET US BEARS HAVE SOME FUN
  • #45,513
  • May 5, 2014 11:08am May 5, 2014 11:08am
I'm bearish too. You got a tp in mind riz? I'm looking at 101.37, but might get out as soon as 101.73.
  • #45,514
  • May 5, 2014 11:16am May 5, 2014 11:16am
Quoting barrett
I'm bearish too. You got a tp in mind riz? I'm looking at 101.37, but might get out as soon as 101.73.

First take profit around 101.86ish. Then prob 101.53ish haha. We shall see. I have a final soon! AHHHH

PS. Keep a close eye on her. Equity markets rallied a good amount.
  • #45,515
  • May 5, 2014 11:33am May 5, 2014 11:33am
I know a lot are probably just in for short term but I look at higher tf's and see this massive bullish trend still very much in control on daily weekly and monthly timeframes here. While interest being paid on the long carry I dont know if shorting this is a great idea. I can see how it makes sense as we have had a nice double bottom in gold and markets looking quite extended at this point aligns with and correction the USDJPY but this pair has so many different things going on with right now, Best just to stay flat IMO.

USDJPY WEEKLY
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All posts are my personal opinion
  • #45,516
  • May 5, 2014 11:47am May 5, 2014 11:47am
European markets drooped and then came back to about break even.
US markets spiked down and now seem to be holding par, for a few hours.

This means the market sees value at the current levels, in the absence of any prime mover .....no change
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  • #45,517
  • May 5, 2014 12:15pm May 5, 2014 12:15pm
Quoting Rtm
USDJPY WEEKLY
I've been looking at that upward trendline too, but it doesnt look like it's holding too well. Reaction off it in beginning of april did not seem impressive. The wig on last fridays daily swiped out lots of stops in short positions.
we'll see what time brings. Happy pipping
  • #45,518
  • May 5, 2014 1:07pm May 5, 2014 1:07pm
Open Long. TP @ 102.942 (May tp earlier if warranted) No SL
Make your losses in demo. Earn your profits live.
  • #45,519
  • May 5, 2014 3:02pm May 5, 2014 3:02pm
Quoting barrett
{quote} I've been looking at that upward trendline too, but it doesnt look like it's holding too well. Reaction off it in beginning of april did not seem impressive. The wig on last fridays daily swiped out lots of stops in short positions. we'll see what time brings. Happy pipping
Yes this rising triangle trendline channel here looks quite bearish in terms of a pattern, but even if it did break it still could be classified as a correction of the massive bull trend that has rocked out on UJ
All posts are my personal opinion
  • #45,520
  • May 5, 2014 3:10pm May 5, 2014 3:10pm
Quoting Rtm
{quote} Yes this rising triangle trendline channel here looks quite bearish in terms of a pattern, but even if it did break it still could be classified as a correction of the massive bull trend that has rocked out on UJ
Well without a doubt long term its bullish. BUT a nice good fall could very well take place. Especially if ukraine keeps escalating. However, one miraculous day all the JPY pairs are gonna pop some crazy day 200 pips in like 10 minutes and the bull run will resume. When? Well i'd make a boatload of $$$ if I knew. But I do know no matter how far this falls..........even if its 500 pips, this pair is gonna rocket ship to not just the moon but the stars. Maybe not this year, maybe not even next year but at some point on some unsuspecting day a LOT of people are gonna get their faces ripped all the way off by the move and a LOT of people are gonna make enough money to retire lol. Just my thoughts.
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