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USD/JPY Discussion

  • #47,701
  • Aug 20, 2014 4:50pm Aug 20, 2014 4:50pm
and i absolutely hope you didnt go long UJ at these levels....
  • #47,702
  • Aug 20, 2014 5:08pm Aug 20, 2014 5:08pm
Bull is breathing fire, cut lost my pal.

The quickest way to drop the pair is for Putin to fire a few real shots at Ukraine.
  • #47,703
  • Aug 20, 2014 6:01pm Aug 20, 2014 6:01pm
Quoting DonaldPump
Looks like the start of a bull run into fresh highs. Will be watching this closely over the next couple of days.
i 2nd that... going to be a nice run up
  • #47,704
  • Aug 20, 2014 6:05pm Aug 20, 2014 6:05pm
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  • #47,705
  • Aug 20, 2014 8:29pm Aug 20, 2014 8:29pm
Apparently not coming down any time soon. It just goes higher and higher
  • #47,706
  • Aug 20, 2014 8:56pm Aug 20, 2014 8:56pm
my opinion is avoid selling until next week at least, this week should remain very bullish, broke through all R points easily and continues
Bully Bulls in full effect

  • #47,707
  • Aug 20, 2014 9:56pm Aug 20, 2014 9:56pm
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
Told cha.... position closed
trade safe
  • #47,708
  • Aug 21, 2014 12:24am Aug 21, 2014 12:24am
Anybody think this is possible for next week?
Maybe more longs?
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Focus, Patience, Determination & Order in chaos
  • #47,709
  • Aug 21, 2014 12:37am Aug 21, 2014 12:37am
My tp 102.3
No emotions, just trade
  • #47,710
  • Aug 21, 2014 1:06am Aug 21, 2014 1:06am
Nobody knows the future.
Trade your plan and ignore the noise

Short on multiple positions.
Lots of harmonic confluence
In trading, you have to be defensive and aggressive at the same time
  • #47,711
  • Aug 21, 2014 1:37am Aug 21, 2014 1:37am
Quoting zz_zhang
{quote} Told cha.... position closed
what next do you think ? I prefer down especially if today is a red doji ... but u think it turns down this week or next week ?
  • #47,712
  • Aug 21, 2014 2:21am Aug 21, 2014 2:21am
Gidday YEN Masters

In a short from the high 102 TP

weary about YEN retraces

better to wait an win
  • #47,713
  • Aug 21, 2014 2:29am Aug 21, 2014 2:29am
Quoting saver0
Anybody think this is possible for next week? Maybe more longs? {image}
Possible, but probably not next week. I do think it will retest 102.70-80, but it might not be for some time. The stop hunting earlier in the month (which some mistakenly called a fat finger) plus this steep climb upwards tells me the spring is uncoiling... upward. If it does retrace down sooner rather than later and has a strong bounce off said levels, I'm strongly convinced this will go well above 106. I think people could be in for a surprise by how high it gets simply because it's been range bound for so long.

That being said, if you're short right now, I wouldn't panic. Although this is moving upwards, it is still premature to be long USD this far ahead of the rate hikes. It costs almost nothing to carry trade shorts, so long as you have the margin, you can rest easy it will eventually come back down. After all, there is way more room to fall than fly for the Yen crosses.

Keep your eyes peeled, kiddos. This will be one to watch.
  • #47,714
  • Aug 21, 2014 2:46am Aug 21, 2014 2:46am
The Iraq situation maybe the trigger to drop the pair.

Everyone is watching what Obama will do after the beheading of the journalist by ISIS.
  • #47,715
  • Aug 21, 2014 4:32am Aug 21, 2014 4:32am
Personally I won't start buying again before I've seen some proper retracement and I am relatively certain said retracement is over.
  • #47,716
  • Edited 8:32am Aug 21, 2014 7:36am | Edited 8:32am
US news in green . usd / JPY refuses to climb higher.

Well let us wait for lower levels.

triangle pattern on m15 broken to south.
No emotions, just trade
  • #47,717
  • Aug 21, 2014 7:50am Aug 21, 2014 7:50am
Quoting Davit
Nobody knows the future. Trade your plan and ignore the noise Short on multiple positions. Lots of harmonic confluence
This guy.
  • #47,718
  • Aug 21, 2014 7:58am Aug 21, 2014 7:58am
Even after the pair crossed its 103 level, the horizontal line resistance zone near 104-104.10 can become important for the pair. I suggest a sell call with the SL of 104.20 and target being 102.80.
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  • #47,719
  • Aug 21, 2014 7:42pm Aug 21, 2014 7:42pm
Quoting DingDongWay
{quote} If you notice the price when it shot passed 103 and above previously, it got a market mean of 102.4 at the time tentatively where its at 105 area. Technically from the ride of 96 to 105 it reaches consolidation zone. Tentatively the retest of 101.8 in my view is the correction from the major move up 105. Hence with the retest done, i see it going towards 108 or even 110 higher. Above are just my personal views which i've been following this pair. News wise all while since then its about QE Tapering. that enough for the sentiments for 2014....
Im still awaiting for that party.....
Sincerely Yours Cheers!
  • #47,720
  • Aug 22, 2014 1:10am Aug 22, 2014 1:10am
Looks like the bull has lost steam.....it has been stagnant at 103.7xx region for long while.

Time to short dollar?
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