Will the bull do a hit and run at 103 and dive gradually thereafter?
- #47,662
- Aug 19, 2014 5:51pm Aug 19, 2014 5:51pm
- | Joined Jul 2013 | Status: Trader | 1,873 Posts
Will the bull do a hit and run at 103 and dive gradually thereafter?
UJ H4
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- #47,664
- Aug 19, 2014 6:41pm Aug 19, 2014 6:41pm
- Joined Oct 2013 | Status: Trader | 1,929 Posts
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- #47,666
- Aug 19, 2014 8:47pm Aug 19, 2014 8:47pm
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
Oooopssss ...................
- #47,667
- Aug 19, 2014 8:56pm Aug 19, 2014 8:56pm
- Joined May 2012 | Status: Thank you Graeme | 1,449 Posts
Oooopssss ................... {image}
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- #47,668
- Aug 19, 2014 9:03pm Aug 19, 2014 9:03pm
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
{quote} Fake break
- #47,669
- Aug 19, 2014 10:14pm Aug 19, 2014 10:14pm
- | Commercial User | Joined Oct 2012 | 3,968 Posts
FOMC later will make things interesting for currencies……. Still like the idea of selling USD/JPY but it did become apparent that UJ was likely to break 103 after Tuesdays action… Where we go from here? F*** knows.
But I'm inclined to sell anything from 103.50-104 and will be looking for clues of topping action… this one could get really tricky though. Stock mkts aren't showing any signs of weakness, more and more people are shorting them and they're going higher and higher…. USD/JPY less people are going long, more are shorting, and it's going higher too.
That's a bit troubling for the UJ short side..
Must be patient for an over extended jump to the upside. Gotta stop peeps out!
But I'm inclined to sell anything from 103.50-104 and will be looking for clues of topping action… this one could get really tricky though. Stock mkts aren't showing any signs of weakness, more and more people are shorting them and they're going higher and higher…. USD/JPY less people are going long, more are shorting, and it's going higher too.
That's a bit troubling for the UJ short side..
Must be patient for an over extended jump to the upside. Gotta stop peeps out!
- #47,670
- Aug 19, 2014 10:29pm Aug 19, 2014 10:29pm
- Joined May 2012 | Status: CoC'd again ! | 8,578 Posts
RSI charts show when to buy and sell. When charts are high I sell. When charts are low I buy.
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- #47,671
- Aug 19, 2014 10:36pm Aug 19, 2014 10:36pm
- Joined May 2012 | Status: CoC'd again ! | 8,578 Posts
FOMC later will make things interesting for currencies……. Still like the idea of selling USD/JPY but it did become apparent that UJ was likely to break 103 after Tuesdays action… Where we go from here? F*** knows. But I'm inclined to sell anything from 103.50-104 and will be looking for clues of topping action… this one could get really tricky though. Stock mkts aren't showing any signs of weakness, more and more people are shorting them and they're going higher and higher…. USD/JPY less people are going long, more are shorting, and it's going higher...
This lift looks like it is associated with India opening. Interesting.......
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
- #47,672
- Aug 19, 2014 10:39pm Aug 19, 2014 10:39pm
- | Commercial User | Joined Oct 2012 | 3,968 Posts
{quote} JPY stock market, one of the usual drivers of UJ, is struggling to make much headway, I always look. This lift looks like it is associated with India opening. Interesting.......
Yeah.. noticed. It did have a nice bounce though. I think we're getting closer to the short term top. September is when we'll probably see more selling…. but either way mkts are very bullish and sept-oct sell off (if it even comes) will be another buying opportunity IMO.
Also EU being very weak helping UJ… But that's looking closer and closer to a short term bottom as well.. who knows. Real tough game.
RSI charts show when to buy and sell. When charts are high I sell. When charts are low I buy.
- #47,674
- Aug 20, 2014 4:31am Aug 20, 2014 4:31am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #47,678
- Edited 10:08am Aug 20, 2014 9:55am | Edited 10:08am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
USDJPY is trying to complete wave (b) of a larger Flat Correction started 2nd January this year. Isn't it that wave (b) of a flat correction usually terminates more than 80% retracement of wave (a)? If so, will it be forming a top above 104.50?
I'm not trading this pair now, but placed an alert at 104.50.
I'm not trading this pair now, but placed an alert at 104.50.
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