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USD/JPY Discussion

  • #47,281
  • Jul 30, 2014 11:06am Jul 30, 2014 11:06am
..... I'm in danger of closing one of my EJ positions in profit!
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #47,282
  • Jul 30, 2014 11:08am Jul 30, 2014 11:08am
wow what a move, im really quite new so i pulled out early anyone who had the balls to stay with this well done you must have banked some today! Anyone think this is going to 103 or at least test it? It seems to be running out of steam the candles are getting smaller.
  • #47,283
  • Jul 30, 2014 11:10am Jul 30, 2014 11:10am
I closed out at 102.82.. I am thinking it wants to go above 103 today now, but I am not about to enter here again. If the FOMC announcement is too dovish it could plummet back to 102.5 or even further. IF hawkish could be nearing 103.5 today
  • #47,284
  • Jul 30, 2014 11:16am Jul 30, 2014 11:16am
its expected to be hawkish according to what ive been reading.
  • #47,285
  • Jul 30, 2014 11:41am Jul 30, 2014 11:41am
I really want to short it at 101.92 for a TP at 101,60. I think the markets have placed to much expectatives for a hawkish FED that the slightest dovish tone would trigger a retracement to 101,50 despite the Good GDP number which has already moved the pair enough. What do you think? Im not 100% sure to trade it.
  • #47,286
  • Jul 30, 2014 12:09pm Jul 30, 2014 12:09pm
Well its broken 103 guys!
  • #47,287
  • Jul 30, 2014 12:16pm Jul 30, 2014 12:16pm
Shorted at 103
5 pip stop

Call it trying to pick the top, call it being stubborn, call it whatever. This move is insane. If nothing else I'm shorting it on principal.

EVERYTHING has over reacted to the 4%. I mean- come fucking on. The numbers are cooked.
  • #47,288
  • Jul 30, 2014 12:17pm Jul 30, 2014 12:17pm
For those of you wondering what to do, think on this.
- the monthly chart has support at 101.20 and 101.80; price has just lifted off those levels, there is a resistance at 103.40
- the weekly chart has just broken its pennant to the upside, again local resistance around 103.30 and 103.75
- daily; we are at a resistance of 103.00, next resistances are 103.40 and 103.75 - but it may stall here for a while.....
- all the lower time frames have blown out of range on RSI, Bollinger Bands and such like; the FOMC will determine what happens next.

...and if you are nursing some struggling EJ positions like me
- price has just bounced off the weekly 50MA
- daily 137.70 and 138.00 are nearby resistance

...but I am holding my positions through the FOMC. 137.70 was just broken and I will hold for now.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #47,289
  • Jul 30, 2014 12:19pm Jul 30, 2014 12:19pm
Just more opportunity to start shorting it, FOMC may push it up 103.1, long term shorts not one day 100 pip surprise
  • #47,290
  • Jul 30, 2014 12:20pm Jul 30, 2014 12:20pm
Not worried about EURJPY and GBPJPY say USD being faded, EURUSD and GBPUSD will still give some support but the direct impact is USDJPY.

Just personal opinion not trade advice
  • #47,291
  • Jul 30, 2014 12:22pm Jul 30, 2014 12:22pm
i'm short! 102.84.. i suppose i'll get burned lol.. oh well i don't care.

i have yet to set a stop loss or target.. small position.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #47,292
  • Jul 30, 2014 12:23pm Jul 30, 2014 12:23pm
Quoting ArekJP
Here is little reasoning behind why short... I think worth taking a shoot... Daily chart {image}
where do i get this indicator? the 1st window / top window called Winner?
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #47,293
  • Jul 30, 2014 12:33pm Jul 30, 2014 12:33pm
Quoting Exodus
For those of you wondering what to do, think on this. - the monthly chart has support at 101.20 and 101.80; price has just lifted off those levels, there is a resistance at 103.40 - the weekly chart has just broken its pennant to the upside, again local resistance around 103.30 and 103.75 - daily; we are at a resistance of 103.00, next resistances are 103.40 and 103.75 - but it may stall here for a while..... - all the lower time frames have blown out of range on RSI, Bollinger Bands and such like; the FOMC will determine what happens next. ...and...
Exodus I think today is about fundamentals, all the technichals are blown.
  • #47,294
  • Jul 30, 2014 12:36pm Jul 30, 2014 12:36pm
let's see
Attached Image (click to enlarge)
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As Above, So Below
  • #47,295
  • Jul 30, 2014 12:45pm Jul 30, 2014 12:45pm
Quoting tashkent
let's see {image}
“There are only patterns, patterns on top of patterns, patterns that affect other patterns. Patterns hidden by patterns. Patterns within patterns.
If you watch close, history does nothing but repeat itself.
What we call chaos is just patterns we haven't recognized. What we call random is just patterns we can't decipher. what we can't understand we call nonsense. What we can't read we call gibberish.
There is no free will.
There are no variables.”
― Chuck Palahniuk,
  • #47,296
  • Jul 30, 2014 12:48pm Jul 30, 2014 12:48pm
Quoting sergeibell
{quote} Exodus I think today is about fundamentals, all the technichals are blown.
I have always thought of these things as 'events', but maybe you are right.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #47,297
  • Jul 30, 2014 12:54pm Jul 30, 2014 12:54pm
Quoting tashkent
let's see {image}
Wehn was that?
  • #47,298
  • Jul 30, 2014 12:54pm Jul 30, 2014 12:54pm
Quoting sergeibell
{quote} Wehn was that?
When..
  • #47,299
  • Jul 30, 2014 12:59pm Jul 30, 2014 12:59pm
Quoting Exodus
{quote} I have always thought of these things as 'events', but maybe you are right.
Events are Fundamentals. Positive GDP plus rising Jobs pushes the FED for earlier interest rate raises altough not in the near future. And weak Japan employment and trade balance pushes BoJ towards aditional easing which was expected in October.
  • #47,300
  • Jul 30, 2014 1:04pm Jul 30, 2014 1:04pm
Quoting sergeibell
{quote} Wehn was that?
May 2, 2014
As Above, So Below
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