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USD/JPY Discussion

  • #48,081
  • Sep 10, 2014 12:27pm Sep 10, 2014 12:27pm
Bullish momentum seems to be waning as we move into yearly record highs at 106.8X, just 1 day before US unemployment data. RSI continues to diverge on sub-8HR charts, but is still trending upwards on higher time frames, suggesting an intraday top. Personally, I am going to book some profits ahead of the news and adjust my stop to break even, looking to reload if we get a pullback.
  • #48,082
  • Sep 10, 2014 2:52pm Sep 10, 2014 2:52pm
Ok time to short.
  • #48,083
  • Sep 10, 2014 3:16pm Sep 10, 2014 3:16pm
long from 106.02 going to close out now.. and wait for another pullback before reloading ..

go BULLS
  • #48,084
  • Sep 10, 2014 3:25pm Sep 10, 2014 3:25pm
Hello Grass hopper

Yay Yen time

ping pong all day long so cool

Clipped most longs with 5 running to 107+

Been running a trailing short,we one

Weary of a big retrace an get caught with a truck load off longs
  • #48,085
  • Sep 10, 2014 4:18pm Sep 10, 2014 4:18pm
For USDJPY, there is no meaningful resistant before hits 110.00, and as long as price is above 104.00, bull trend is intact.
Now eyes on retail number in 2 days, and next round of FOMC is next week.

Good luck. =)
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #48,086
  • Sep 10, 2014 5:41pm Sep 10, 2014 5:41pm
I'm still long. Although I have noticed it tends to drop from Asian open and regains from UK open through to US open and beyond. If you want to scalp short then use the Asian timeframe but make sure you are out or long a few hours before UK opens.

New candle high yesterday so stop moved to new 2 candle low locking in 950 pips so far since 12/8. Looking for a pullback during the day on the 1H charts to place another long position today.
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Winners add to winning trades!
  • #48,087
  • Sep 11, 2014 12:35am Sep 11, 2014 12:35am
Quoting myelbow4
Ok time to short.
Well done, you made 10 pips....

The Nikkei is starting to lift, be careful with shorts.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,088
  • Edited 5:28am Sep 11, 2014 3:52am | Edited 5:28am
Well, this morning I backed the wrong horse - EJ would have been a much more profitable trade.

However my UJ long is ahead 10 pips, let us see if it punctures 107 with any momentum.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,089
  • Sep 11, 2014 3:59am Sep 11, 2014 3:59am
rsi(14) is now at 83 on the daily chart

totally parabolic. due a breather.
  • #48,090
  • Sep 11, 2014 5:28am Sep 11, 2014 5:28am
I took my 18 pips at 107.03
Now let us see how strong are the sellers at .05 (according to ForexLive)


edit: not very strong then!
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,091
  • Sep 11, 2014 5:35am Sep 11, 2014 5:35am
Going back to 106 looks difficult now.
  • #48,092
  • Sep 11, 2014 6:03am Sep 11, 2014 6:03am
YEN looks like it is forming a base here at 107.11-12
  • #48,093
  • Sep 11, 2014 6:13am Sep 11, 2014 6:13am
My long triggered but got stopped out -.005% while I was asleep

I'll see you guys at the next pull back
  • #48,094
  • Sep 11, 2014 7:38am Sep 11, 2014 7:38am
Red news on us. but us is still strong.
No emotions, just trade
  • #48,095
  • Sep 11, 2014 7:41am Sep 11, 2014 7:41am
Quoting Janut
Red news on us. but us is still strong.
As needed , market just ignore it ...like nothing happened.
The Market pays you to be disciplined
  • #48,096
  • Sep 11, 2014 7:50am Sep 11, 2014 7:50am
red candle forming on d1. interesting. could be start of move down.
No emotions, just trade
  • #48,097
  • Sep 11, 2014 8:01am Sep 11, 2014 8:01am
Quoting stylinex
Going back to 106 looks difficult now.
spoke to soon my friend. 40 pip fall in just about an hour
  • #48,098
  • Sep 11, 2014 8:07am Sep 11, 2014 8:07am
Quoting Pharm0r
My long triggered but got stopped out -.005% while I was asleep I'll see you guys at the next pull back
The/a pullback is here! Where did you want to get in?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,099
  • Edited 8:55am Sep 11, 2014 8:38am | Edited 8:55am
Quoting Exodus
{quote} The/a pullback is here! Where did you want to get in?
Sorry I've been in the EU forum, I posted the trade there.

Quoting Pharm0r
S EU 2947/2949 L UJ .736 10 pip stop on both Good positioning on UJ....seems I might be a little early on EU.
  • #48,100
  • Sep 11, 2014 8:39am Sep 11, 2014 8:39am
Quoting Pharm0r
{quote} Sorry I've been in the EU forum, I posted the trade there. {quote}
That trade is now at B/E +spread- targeting a new high.
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