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USD/JPY Discussion

  • #47,681
  • Aug 20, 2014 12:19pm Aug 20, 2014 12:19pm
Quoting teddybomber
{quote} I just shorted about 5 minutes ago. stop at 103.45, tp at 103.21 edit: stop moved to 103.456, if it ends up at a profit before 103.21 I may just take it and run before 2 lol

Moved stop to 102.51, not gonna get stopped out before the news is even out..
  • #47,682
  • Aug 20, 2014 12:29pm Aug 20, 2014 12:29pm
Quoting yeniful
im down 60 pips on short. wow
yeah I was about the same but I have got out before the news
couldn't afford to widen my stop further and dropping it completely
isn't an option with the yen so weak.
the next hour will see who is right
Lets go grab some PIPS
  • #47,683
  • Aug 20, 2014 12:45pm Aug 20, 2014 12:45pm
why is everyone short?

i dissagree, next hour and 2 days will drop the bomb

i am long from 102.75 , closing out soon (lets see)
  • #47,684
  • Aug 20, 2014 12:56pm Aug 20, 2014 12:56pm
Sell jpy like there is no tomorrow...
  • #47,685
  • Aug 20, 2014 1:17pm Aug 20, 2014 1:17pm
Well, got out at 103.55 and immediately shorted aussie & euro and made all the money back and then some lol.. good times
  • #47,686
  • Aug 20, 2014 1:29pm Aug 20, 2014 1:29pm
well.. got the 103.70 i was looking for … now what. Actually looks like it might keep going...

This is clearly an area of massive resistance in a market that's been sideways for a while now. So would not be surprised to see 100 pip reversal in next 24-48 hours But might kill the stops some more..

I think they've done a good job of that already tho… most people should have seen 103.50--103,70 area as clear target. Oh well.

The signs of atop are here, my limit sell order has been filled now I just sit back, panic, and enjoy the show
  • #47,687
  • Aug 20, 2014 1:39pm Aug 20, 2014 1:39pm
New harmonic popped up, kept my old shorts and added to this one.

Not worried.
Attached Image (click to enlarge)
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  • #47,688
  • Aug 20, 2014 1:54pm Aug 20, 2014 1:54pm
Quoting Ck87
well.. got the 103.70 i was looking for … now what. Actually looks like it might keep going... This is clearly an area of massive resistance in a market that's been sideways for a while now. So would not be surprised to see 100 pip reversal in next 24-48 hours But might kill the stops some more.. I think they've done a good job of that already tho… most people should have seen 103.50--103,70 area as clear target. Oh well. The signs of atop are here, my limit sell order has been filled now I just sit back, panic, and enjoy the show
Im with you at the same price.. let´s see how Yellen helps on friday at Jackson Hole. I cant imagine the EUR, GBP also going lower because of USD strength that long. +100 pips movement for this pair in 1 day is too much and all Time Frames charts are overbought, unless rates are raised this year the pair should retrace this wild movement close to 103,10 - 102,90.
  • #47,689
  • Aug 20, 2014 2:09pm Aug 20, 2014 2:09pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily 16 (1).png Size: 51 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #47,690
  • Aug 20, 2014 2:54pm Aug 20, 2014 2:54pm
104.00 is close ....

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  • #47,691
  • Aug 20, 2014 2:55pm Aug 20, 2014 2:55pm
Quoting yeniful
im down 60 pips on short. wow
What is the RSI reading .....
  • #47,692
  • Aug 20, 2014 2:57pm Aug 20, 2014 2:57pm
Quoting Ken A
{quote} What is the RSI reading .....

hahahah.. not a Believer in the readings eh?
  • #47,693
  • Aug 20, 2014 2:59pm Aug 20, 2014 2:59pm
Quoting zz_zhang
{quote} Let me join in the magic ball price telling, price will break 102.60 and edge towards 103 round and clear it. Retrace slightly and next thing u know is hello 103.80 loll

You got your 103.80 Nice magic ball… We can give you a guru crown now
  • #47,694
  • Aug 20, 2014 3:03pm Aug 20, 2014 3:03pm
Quoting zz_zhang
{quote} Let me join in the magic ball price telling, price will break 102.60 and edge towards 103 round and clear it. Retrace slightly and next thing u know is hello 103.80 loll

What does magic ball price telling show you now hehee.. guessing you took profit there..nice job man.
  • #47,695
  • Aug 20, 2014 3:19pm Aug 20, 2014 3:19pm
Quoting Ck87
{quote} hahahah.. not a Believer in the readings eh?
Just trying to learn from those who have more experience with indicator .........
  • #47,696
  • Aug 20, 2014 3:29pm Aug 20, 2014 3:29pm
Quoting Ken A
{quote} Just trying to learn from those who have more experience with indicator .........
haha well if you're serious which I'm sure you're not… but RSI went to 86+ on h1 and h4 and that is usually a sign of a massively over extended move and reversal is 'usually' imminent at that point.


But indicators suck anyway.

This is more about huge resistance level area of 103.70+ to me.

S&p touched all time highs but didn't go through yet...
  • #47,697
  • Aug 20, 2014 3:30pm Aug 20, 2014 3:30pm
Looks like the start of a bull run into fresh highs. Will be watching this closely over the next couple of days.
  • #47,698
  • Aug 20, 2014 3:34pm Aug 20, 2014 3:34pm
Quoting Ck87
{quote} haha well if you're serious which I'm sure you're not… but RSI went to 86+ on h1 and h4 and that is usually a sign of a massively over extended move and reversal is 'usually' imminent at that point. But indicators suck anyway. This is more about huge resistance level area of 103.70+ to me. S&p touched all time highs but didn't go through yet...
Jackson Hole is next so that's probably will set more fire to FOMC .........
  • #47,699
  • Aug 20, 2014 3:34pm Aug 20, 2014 3:34pm
I learned a valuable lesson. Stay with the current trend.
I lost 107 pips on my short.

I entered long on yen. maybe it will go past 105 high from January
  • #47,700
  • Aug 20, 2014 3:40pm Aug 20, 2014 3:40pm
Quoting yeniful
I learned a valuable lesson. Stay with the current trend. I lost 107 pips on my short. I entered long on yen. maybe it will go past 105 high from January
You mean long on USD/JPY? Long yen is short usd/jpy
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