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USD/JPY Discussion

  • #48,201
  • Sep 16, 2014 4:48am Sep 16, 2014 4:48am
Quoting mima
Dollar might have problem ?
buyers still dominan till FOMC.
  • #48,202
  • Sep 16, 2014 4:49am Sep 16, 2014 4:49am
Attached Image


To hold or to fold that is the question.
Lets go grab some PIPS
  • #48,203
  • Sep 16, 2014 6:21am Sep 16, 2014 6:21am
Quoting dallytrader
{image} To hold or to fold that is the question.
Why not possibly both? We all know that since the breach to the 169 level today, we're likely going to see either a stalled USD/JPY or a movement down by a few hundred pips more in the short term (my definition of short term=this week).

This moment is great for scalping, as as far as I can tell, the one constant this in in the USD/JPY are the repetitions of peaks and valleys (at least 2-3 times), so you could consider going short right now.

At the same time, in the long term view (monthly), all the signs and statistics of the US seem to indicate a continued climb, with the first long term possible resistance being around 108 (established in 2008 if my memories serve correctly). So there's an opportunity to go long as well.

It really depends on your margin. What's your absolute support? Are you looking to hold long? If so, don't fold yet-not until it breaches the middle area of 106 (some say 106.8, others say around 106.5 for the next support). And if you still feel that your positions are a lost cause, wait until the next rebound to close positions in preparations for an even steeper decline.
  • #48,204
  • Sep 16, 2014 6:36am Sep 16, 2014 6:36am
Quoting dallytrader
{image} To hold or to fold that is the question.
Right. I would do the same.
The Market pays you to be disciplined
  • #48,205
  • Sep 16, 2014 6:51am Sep 16, 2014 6:51am
Quoting Vermillion
{quote} Why not possibly both? We all know that since the breach to the 169 level today, we're likely going to see either a stalled USD/JPY or a movement down by a few hundred pips more in the short term (my definition of short term=this week). This moment is great for scalping, as as far as I can tell, the one constant this in in the USD/JPY are the repetitions of peaks and valleys (at least 2-3 times), so you could consider going short right now. At the same time, in the long term view (monthly), all the signs and statistics of the US seem to...
Thanks for that will consider the analysis, margin not a problem. Definitely a bull long term and I'm not a scalper. Will have to consider if a short fits the plan
Lets go grab some PIPS
  • #48,206
  • Sep 16, 2014 8:59am Sep 16, 2014 8:59am
USD/JPY went down to 106.845; nearly a 300 pip movement downwards in the past 30 minutes. Good place for short term scalping, but extremely risky to hold onto.

Question: will this open up an even bigger reversal to 106.5 levels? Once that mark is done, All bet's are off for the next week or two for a bullish momentum.
  • #48,207
  • Sep 16, 2014 9:01am Sep 16, 2014 9:01am
Quoting Vermillion
USD/JPY went down to 106.845; nearly a 300 pip movement
Your posts are always hilarious.
  • #48,208
  • Sep 16, 2014 9:04am Sep 16, 2014 9:04am
Quoting DonaldPump
{quote} Your posts are always hilarious.
Sorry. Was there something I said wrong? I'm not sure as to what you mean by that.
  • #48,209
  • Sep 16, 2014 9:07am Sep 16, 2014 9:07am
Quoting Vermillion
USD/JPY went down to 106.845; nearly a 300 pip movement downwards in the past 30 minutes. Good place for short term scalping, but extremely risky to hold onto. Question: will this open up an even bigger reversal to 106.5 levels? Once that mark is done, All bet's are off for the next week or two for a bullish momentum.
300 pip movement? What USD/JPY pair are you trading?
A 1 pip gain is better than a 1 pip loss.
  • #48,210
  • Sep 16, 2014 9:11am Sep 16, 2014 9:11am
Was in long on GY not complaining at all!!
  • #48,211
  • Sep 16, 2014 9:40am Sep 16, 2014 9:40am
Quoting Vermillion
{quote} Sorry. Was there something I said wrong? I'm not sure as to what you mean by that.
I know everybody is thinking it, so I will tell you......
That last number on the price that jumps around so much...... it is a fractional pip, tenths of a pip to be exact.
So the drop on UJ was only 30-pips.

......did you never wonder why you only made a few bucks on such a huge move?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,212
  • Sep 16, 2014 9:47am Sep 16, 2014 9:47am
Quoting aeternum
{quote} 300 pip movement? What USD/JPY pair are you trading?
I agree with Vermie

http://i.imgur.com/emgXEPn.png
  • #48,213
  • Sep 16, 2014 9:51am Sep 16, 2014 9:51am
My last post here till next week.

7/10 of the posters here are unprofessional and will loose on long term.

Predicting 108, 110 or after such a run and one day before Fomc, and not to forget Scottish independence
is simply dicing. Based on what ? Even if it happen so, it was a nice guess, nothing more. And will it hold then ?

Thats not trading, thats simply money risking and gambling.
And getting caught by professional traders.

THE BEST thing to do at the moment is not to trade since next week,
till the picture clears and 'normality' takes place.
instead of wishful thinking will it go to 254 or maybe only to 250 ?!?

Over and out, good luck.

How to opt out annoying user signatures ??
  • #48,214
  • Sep 16, 2014 10:14am Sep 16, 2014 10:14am
Quoting Toranaga
My last post here till next week. 7/10 of the posters here are unprofessional and will loose on long term. Predicting 108, 110 or after such a run and one day before Fomc, and not to forget Scottish independence is simply dicing. Based on what ? Even if it happen so, it was a nice guess, nothing more. And will it hold then ? Thats not trading, thats simply money risking and gambling. And getting caught by professional traders. THE BEST thing to do at the moment is not to trade since next week, till the picture clears and 'normality' takes...
In all my trading years, history can teach us something. When you look at all technical charts, and there are major events, there are always, tops, divergence, and etc. It does not matter if FOMC or MOCF or TOMC or NOONIES or what ever is happening, look back at charts and you will see there were signals given on the charts. 5 minutes, 15 minutes, 65 ticks, 4 hrs, daily.....it does not matter. I will prove it to you, just 2 samples of millions of charts

http://i.imgur.com/xLHQCnC.png

http://i.imgur.com/vZGBrE9.png
  • #48,215
  • Sep 16, 2014 10:35am Sep 16, 2014 10:35am
Quoting Toranaga
Based on what ?
Are you not paying attention to the news and what the bankers are saying?
  • #48,216
  • Sep 16, 2014 10:36am Sep 16, 2014 10:36am
Quoting Toranaga
My last post here till next week. 7/10 of the posters here are unprofessional and will loose on long term. Predicting 108, 110 or after such a run and one day before Fomc, and not to forget Scottish independence is simply dicing. Based on what ? Even if it happen so, it was a nice guess, nothing more. And will it hold then ? Thats not trading, thats simply money risking and gambling. And getting caught by professional traders. THE BEST thing to do at the moment is not to trade since next week, till the picture clears and 'normality' takes...
LOL what normality are you waiting for?
  • #48,217
  • Sep 16, 2014 10:37am Sep 16, 2014 10:37am
....and just as you think it is safe to go to town, and all the news is done, and the US stock market is settling into its recovery phase...

some stupid Central Bank, who really ought to be asleep right now, goes and prints $75bn !!

Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,218
  • Sep 16, 2014 10:37am Sep 16, 2014 10:37am
Quoting Compulsive
{quote} I agree with Vermie {image}
LOL
  • #48,219
  • Sep 16, 2014 10:41am Sep 16, 2014 10:41am
107 is not letting go easy 24 hours before FOMC. good luck everyone.
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  • #48,220
  • Sep 16, 2014 10:43am Sep 16, 2014 10:43am
I have a L in at 106.85 - tp open - st break even +1 pip
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