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USD/JPY Discussion

  • #45,621
  • May 7, 2014 5:26pm May 7, 2014 5:26pm
Quoting sergo
101.75 100%

but I want 101!!! better yet 100. I miss that level.
  • #45,622
  • May 7, 2014 6:03pm May 7, 2014 6:03pm
Quoting Forexia
{quote} Woooo you are making me salivate, bikov with 110, 120, levels like that...

well, 2 years ago 102 was a perversion
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #45,623
  • May 7, 2014 6:05pm May 7, 2014 6:05pm
Quoting bikov
{quote} well, 2 years ago 102 was a perversion

That would be lovely too haha
  • #45,624
  • May 7, 2014 6:09pm May 7, 2014 6:09pm
We are below forecast for month of May so upside potential is possible from here.

http://forecasts.org/yen.htm
  • #45,625
  • May 7, 2014 6:21pm May 7, 2014 6:21pm
Small long..looking for 102.08ish.
  • #45,626
  • May 7, 2014 6:24pm May 7, 2014 6:24pm
Price is like water - it has to go somewhere, it cannot be stuck for long time at one place/zone like now UJ. Either 110 or 95, which first? I prefer the first one. Or maybe 98 ( super bear trap) and than new highs, who knows? But to put it simple, in an uptrend (and this is one) - buying the dips. That's it. Remember someone EJ at 94 ? Where is it now? Sometimes FX is stranger than fiction. The only thing that could invalidate this bullish scenario (110,120..) or to postpone it to the far future is a potential severe correction of the US markets which are positively correlated with UJ. Or maybe the almighty Yen will lose the safe heaven status? That would be a good one. Anyway, it's still in uptrend and this situation looks like a consolidation before breaking higher.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #45,627
  • May 7, 2014 6:25pm May 7, 2014 6:25pm
Quoting Rizmeister
Small long..looking for 102.08ish.
I think we should see that number this morning. Nikkei should see some gains and YEN should weaken with it. I picked up a few longs myself just now
  • #45,628
  • May 7, 2014 6:26pm May 7, 2014 6:26pm
Quoting stylinex
{quote} I think we should see that number this morning. Nikkei should see some gains and YEN should weaken with it. I picked up a few longs myself just now

  • #45,629
  • May 7, 2014 6:31pm May 7, 2014 6:31pm
1 hour chart 101.891 b Tp : 102.008

Morning would be nice 102.122 bearish candle
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Neural Network Algorithm and Econophysics
  • #45,630
  • May 7, 2014 6:34pm May 7, 2014 6:34pm
Welp, I closed out my position at 101.90 for about 40 pips in profit.

Originally, I was going to hold on longer, until about 102.60, but I noticed we encountered a bit of selling at 102.00, so I went ahead took profits near the apex of the retrace.

Now I'm hoping we get a bit of a pullback and I can buy back in at about the same entry price as the prior trade, 101.50.
  • #45,631
  • May 7, 2014 6:49pm May 7, 2014 6:49pm
Quoting bikov
Price is like water - it has to go somewhere, it cannot be stuck for long time at one place/zone like now UJ. Either 110 or 95, which first? I prefer the first one. Or maybe 98 ( super bear trap) and than new highs, who knows? But to put it simple, in an uptrend (and this is one) - buying the dips. That's it. Remember someone EJ at 94 ? Where is it now? Sometimes FX is stranger than fiction. The only thing that could invalidate this bullish scenario (110,120..) or to postpone it to the far future is a potential severe correction of the US markets...
Well said
  • #45,632
  • May 7, 2014 6:50pm May 7, 2014 6:50pm
Quoting Rizmeister
{quote} already done..
Good, earlier than I thought. My Long is looking up. Too bad I had to do some errands today and I missed my chance to Long again today.
Make your losses in demo. Earn your profits live.
  • #45,633
  • May 7, 2014 7:25pm May 7, 2014 7:25pm
Nikkei is up about 121 so far since open.
  • #45,634
  • May 7, 2014 7:31pm May 7, 2014 7:31pm
I found a way to reverse engineer the market( I think, still testing) if she is not going to break101.92 then the target will be 101.75 101.70 at first shot
  • #45,635
  • Edited 8:38pm May 7, 2014 7:50pm | Edited 8:38pm
All I need is a first L first H and I can tell you Final price ( never mind she broke it ) or it maybe full's break
  • #45,636
  • May 7, 2014 8:04pm May 7, 2014 8:04pm
Quoting Rizmeister
Nikkei is up about 121 so far since open.
I bought some Nikkei calls earlier on. Expecting a bounce on Nikkei. Will hold them calls
  • #45,637
  • May 7, 2014 8:06pm May 7, 2014 8:06pm
I want to set up a trade explorer, but I don't use MT4. Too used to tradestation haha. Recovered like 2500 in losses last few days. Had to hold on to a trade for 3 weeks hahahahah
  • #45,638
  • May 7, 2014 8:47pm May 7, 2014 8:47pm
Uh Nice try!!! I am NOT getting stopped out my Long. I have already paid today's swap. I am willing to wait for another day's possible intervention.
Make your losses in demo. Earn your profits live.
  • #45,639
  • May 8, 2014 6:22am May 8, 2014 6:22am
Quoting sergo
I found a way to reverse engineer the market( I think, still testing) if she is not going to break101.92 then the target will be 101.75 101.70 at first shot
Boom
  • #45,640
  • May 8, 2014 7:22am May 8, 2014 7:22am
Fed Chair is expected to continue playing her downbeat (as she did yesterday) and the US Dollar can weaken for today. 101.60 and 101.40 seems good support before the pair plunges to 101.20 and 101 levels.
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