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USD/JPY Discussion

  • #46,661
  • Jun 11, 2014 9:20am Jun 11, 2014 9:20am
Quoting kweiss10
Not too long ago people were all like this is going to 110 this year. And now people are like its going to 100 this year.


Maybe end of year we will 110.. But for me must pullback first below 100 for a big run..
  • #46,662
  • Jun 11, 2014 9:22am Jun 11, 2014 9:22am
Got in short at 102.03, SL 102.20


Maybe this little bit of weakness in stocks can turn into something. I have long USD elsewhere to hedge out Dollar side, I like being long USD at the moment.
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  • #46,663
  • Jun 11, 2014 9:44am Jun 11, 2014 9:44am
Quoting santuary123
{quote} Maybe end of year we will 110.. But for me must pullback first below 100 for a big run..
I have been saying it will go down first as well.
  • #46,664
  • Jun 11, 2014 11:09am Jun 11, 2014 11:09am
Quoting kweiss10
Not too long ago people were all like this is going to 110 this year. And now people are like its going to 100 this year.
when "they" call 95, itīs time to long it
just do it
  • #46,665
  • Jun 11, 2014 4:08pm Jun 11, 2014 4:08pm
WOW, a few minutes ago EJ had a spread of almost 10 pips between buy and sell and UJ over 5 pips between buy and sell. Can anyone interpret what that means?
  • #46,666
  • Jun 11, 2014 5:42pm Jun 11, 2014 5:42pm
UJ is preparing for a change in sentiment, I think we could see over the summer a rather large bearish move in UJ. Need much more confirmation but I am going to be building a big short based right now.
All posts are my personal opinion
  • #46,667
  • Jun 11, 2014 5:42pm Jun 11, 2014 5:42pm
Quoting kweiss10
WOW, a few minutes ago EJ had a spread of almost 10 pips between buy and sell and UJ over 5 pips between buy and sell. Can anyone interpret what that means?
http://www.investopedia.com/terms/l/liquidity.asp
All posts are my personal opinion
  • #46,668
  • Jun 11, 2014 8:59pm Jun 11, 2014 8:59pm
My plan today..

Will short arround red zone.. SL above yesterday high
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  • #46,669
  • Jun 12, 2014 1:02am Jun 12, 2014 1:02am
Seems like it will go down first as well then maybe start backing up later.

Got in short @ 102.058.

Stop loss @ 102.2 because I'm going to sleep and want to let it drop for a while.
  • #46,670
  • Jun 12, 2014 2:53am Jun 12, 2014 2:53am
Quoting kweiss10
WOW, a few minutes ago EJ had a spread of almost 10 pips between buy and sell and UJ over 5 pips between buy and sell. Can anyone interpret what that means?
Due to the timing of your post I would suggest that the spread widened at the market accounting boundary.
That is:- the time when brokers and other market participants reconcile accounts and rollover any open positions into the next day.
It is also the point in time when most brokers apply rollover interest charges, except for Oanda who seem to do it differently.
Some brokers cease accepting new trades for a few minutes at the rollover instance.
I expect most would rather not handle new trades at that instant and therefore the spread widens to compensate for the hassle.
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  • #46,671
  • Jun 12, 2014 7:14am Jun 12, 2014 7:14am
I would trade with a negative bias till USDJPY trades below 102.30, upper trend-line resistance on H1 chart.
Would add to short positions once it breaks below 101.70-60 for a potential retesting of sub 101.00 mark.
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  • #46,672
  • Jun 12, 2014 7:20am Jun 12, 2014 7:20am
I think it's a good selling opportunity.

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  • #46,673
  • Jun 12, 2014 8:41am Jun 12, 2014 8:41am
Finally ready to break yesterday's low?
  • #46,674
  • Jun 12, 2014 8:49am Jun 12, 2014 8:49am
@teddybomber

If it does, would that be a good time to Close My Position?

I'm relatively new to trading but not new to business/marketing.....

Or should I wait it out and see if it will continue to drop?

I'm leveraging extremely high with a small amount of investment trying to build a nice bankroll

Pretty sure I can do it finding Golden trades like these....
  • #46,675
  • Jun 12, 2014 9:13am Jun 12, 2014 9:13am
I'm no expert but if it drops into profit for you, maybe put a stop loss at break even or a small profit, or you could try adding a trailing stop to make sure you make something and don't lose..

I am not sure I would call this trade "Golden" quite yet.
  • #46,676
  • Jun 12, 2014 9:28am Jun 12, 2014 9:28am
Well, I consider a nice $100 profit from only leveraging $400 a Golden trade although it is such marginal change, I understand....

if I can keep finding at least halfway decent trades like this on a daily basis, I'm pretty sure I can grow my beginning investment of around $400 to $10,000 in no time.

Thinking about closing here around 101.93 for less than $100 profit but I would really like to see it go down to 101.8 or so...

It seems like it might have life to start gaining value again
  • #46,677
  • Jun 12, 2014 9:45am Jun 12, 2014 9:45am
I would try to hold for 101.80 at least like you said, since it broke down here it may keep dropping throughout the day.
  • #46,678
  • Jun 12, 2014 9:46am Jun 12, 2014 9:46am
It also still has not quite yet taken out yesterdays low. It needs to get past there to mean something really.
  • #46,679
  • Jun 12, 2014 9:49am Jun 12, 2014 9:49am
Now it has broken through. It is looking like a good short now..
  • #46,680
  • Jun 12, 2014 9:49am Jun 12, 2014 9:49am
We now have the .50 daily fib level to break through
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