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USD/JPY Discussion

  • #46,921
  • Jul 8, 2014 2:20am Jul 8, 2014 2:20am
Im thinking the Bulls will be turning to work the Yen here shortly. They got on the Pound-Yen first and the techinacals really showed that to me a few days prior.

Now, It looks like the EUR/JPY will be next with a tagalong by CHF/JPY. I believe once these in motion the USD/JPY will come on and come on the hardest. I have longs with TP @ 102.5 and Sell limits @ 102.7. Big surprise there huh? Hey if it wants to keep bouncing off the guard rails back and forth over to the other side again and again play it that way. A week ago I found LOTS of Cypher patterns but not seem to find any lately. AB=CD more than anything so roll with it.

As for the negative pips in my lower left box, that came from foolishly trading when life was and should have been more important. I will prevail



Tim
  • #46,922
  • Jul 8, 2014 3:40am Jul 8, 2014 3:40am
I am wondering if we shall see a stronger Yen in the next few days.
There is a powerful tropical storm attacking one of the Japanese islands, winds up to 150mph.
When there is an earthquake or tsunami those seem to result in a stronger Yen.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #46,923
  • Jul 8, 2014 6:16am Jul 8, 2014 6:16am
Quoting Exodus
I am wondering if we shall see a stronger Yen in the next few days. There is a powerful tropical storm attacking one of the Japanese islands, winds up to 150mph. When there is an earthquake or tsunami those seem to result in a stronger Yen.
If that is the case, I would not take any yen involved positions; do not want to make money on such events.
As Above, So Below
  • #46,924
  • Jul 8, 2014 6:46am Jul 8, 2014 6:46am
Quoting tashkent
{quote} If that is the case, I would not take any yen involved positions; do not want to make money on such events.
It was a warning for any singing from the long hymn-sheet, which usually includes me.
Long might not be such a good idea at the moment.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #46,925
  • Jul 8, 2014 6:58am Jul 8, 2014 6:58am
UJ Again trading near 101.70, breaking which 101.55 and 101.40 are the next supports. However, upside turn is more likely towards 20-EMA near 101.80 and 40-EMA near 101.90.
Attached Image (click to enlarge)
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  • #46,926
  • Jul 8, 2014 9:30am Jul 8, 2014 9:30am
You guys are funny
  • #46,927
  • Jul 8, 2014 9:33am Jul 8, 2014 9:33am
Quoting sergo
You guys are funny
Hi Sergo, long time do not see you posting in here.
Money is People - People is Money
  • #46,928
  • Jul 8, 2014 9:36am Jul 8, 2014 9:36am
Quoting KieronZ
{quote} Hi Sergo, long time do not see you posting in here.
Yes have been busy 2 or 3 weeks moor i'll make you all reach
  • #46,929
  • Jul 8, 2014 4:49pm Jul 8, 2014 4:49pm
Back to 101,200?We still have some room to drop.
  • #46,930
  • Jul 8, 2014 10:17pm Jul 8, 2014 10:17pm
Boinked off the .236 Fib; now knocking at the door of the .382 at 101.64. RSI (not shown) has a nice upward angle, but hasn't cleared the 50 line:

Attached Image (click to enlarge)
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We'll see where that goes.

Quite frankly, didn't expect that trade data to result in this kinda movement ... . EUR/JPY kinda shows the same characteristics; got in long there at a kind of corresponding level ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #46,931
  • Edited 10:52pm Jul 8, 2014 10:29pm | Edited 10:52pm
Longer-term (6H) confluence of S/R at 101.64-101.68, so it'll be interesting to see how it reacts off that:

Attached Image (click to enlarge)
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Also, threw an Alligator on my chart and Heikin-Ashi just to keep my look "fresh." :nerd:
Fireworks are fun ... as long as you don't blow your fingers off.
  • #46,932
  • Edited 10:53pm Jul 8, 2014 10:40pm | Edited 10:53pm
Really don't use the Alligator much, but I guess this would have been a good place for a scalp (light purple ellipse) on the 5 min:

Attached Image (click to enlarge)
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Also, interesting how PA reacts off even the Daily Fib Retracement Pivot Points I've got on this chart ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #46,933
  • Jul 8, 2014 10:49pm Jul 8, 2014 10:49pm
Quoting BogiFX
Back to 101,200?We still have some room to drop.
Had a good for day long at 102.25 (just in case), but got into EUR/JPY instead at 138.259 (which has the same basic trajectory) ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #46,934
  • Jul 8, 2014 11:01pm Jul 8, 2014 11:01pm
Quoting ZebraSquirl
{quote} Had a good for day long at 102.25 (just in case), but got into EUR/JPY instead at 138.259 (which has the same basic trajectory) ... .
I had a long on EUR-JPY plus i also found a bullish divergence on H4 CHF-JPY.
  • #46,935
  • Jul 8, 2014 11:09pm Jul 8, 2014 11:09pm
Quoting BogiFX
{quote} I had a long on EUR-JPY plus i also found a bullish divergence on H4 CHF-JPY.
Against my better judgment, longed CHF/JPY at 113.734 also. Don't like to have more than one yen cross in the hopper usually ... . I used to kind of prefer CHF/JPY over EUR/JPY for some reason ... . For lack of a better word, it just looks "jumpier." (And yes, that is a technical term.)
Fireworks are fun ... as long as you don't blow your fingers off.
  • #46,936
  • Jul 8, 2014 11:29pm Jul 8, 2014 11:29pm
USDJPY in a (5 waves) wave c up of a 3-3-5 flat correction, target not more than 103.20.
Attached Image (click to enlarge)
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Attached Image
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  • #46,937
  • Jul 9, 2014 2:27am Jul 9, 2014 2:27am
101.40-30 area has now emerged as immediate support, which could possibly be seen as last hope for bulls, although the upside seems limited only till 102.20 region.
Anticipating a break below this immediate support and drift lower initially to 100.80 area and ultimately continue the near-term downtrend towards testing sub-100.00 psychological level.
  • #46,938
  • Jul 9, 2014 3:24am Jul 9, 2014 3:24am
Quoting ZebraSquirl
{quote} Against my better judgment, longed CHF/JPY at 113.734 also. Don't like to have more than one yen cross in the hopper usually ... . I used to kind of prefer CHF/JPY over EUR/JPY for some reason ... . For lack of a better word, it just looks "jumpier." (And yes, that is a technical term.)
Just got stop at BE one more time .
  • #46,939
  • Jul 9, 2014 7:18am Jul 9, 2014 7:18am
USDJPY again indicating a test of 101.90 - 102 region. Downside support of 101.60 and 101.45 remains strong.
Attached Image (click to enlarge)
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  • #46,940
  • Jul 9, 2014 7:39am Jul 9, 2014 7:39am
Quoting skyhok
USDJPY in a (5 waves) wave c up of a 3-3-5 flat correction, target not more than 103.20. {image} {image}
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