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USD/JPY Discussion

  • #48,421
  • Sep 22, 2014 6:27pm Sep 22, 2014 6:27pm
Quoting Liam0530
There goes 9pm sell... Mothafz

....wondering if I should load a long at around current prices (108.6), or waiting more.....suggestions?
  • #48,422
  • Sep 22, 2014 6:33pm Sep 22, 2014 6:33pm
Quoting Vermillion
{quote} ....wondering if I should load a long at around current prices (108.6), or waiting more.....suggestions?
108.50 is a potential reversal zone, from the 4hrly. However, let me tell you no one can answer that question of yours without sounding like a newb.
The price will go where it has to go.
  • #48,423
  • Sep 22, 2014 7:00pm Sep 22, 2014 7:00pm
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108.58 is strong support point as we see....
  • #48,424
  • Sep 22, 2014 7:02pm Sep 22, 2014 7:02pm
Quoting Vermillion
{quote} ....wondering if I should load a long at around current prices (108.6), or waiting more.....suggestions?
i opened up a buy at 108.60 .. lets see what happens, sorry for late response
  • #48,425
  • Sep 22, 2014 7:04pm Sep 22, 2014 7:04pm
Quoting mitrapips
{quote} Absolutely! Just look at the size of those weekly bars, think about monetary policies of US and japan, consider that until rate hike is announced in the US this puppy is going to go up simply because of 'buying the rumor'. This thing is a no-brainer and a rare fundamental trade for even a hardcore technical guy. Scalping is too much work. Go long, go large, don't sell.
  • #48,426
  • Sep 22, 2014 7:58pm Sep 22, 2014 7:58pm
Harrow Fellow grass Hoppers

Well what have we here

Got some pending orders about

to kick in.

108.7 to 110+

Adding to longs

Might have to wait for the EUR/US to go below 1.28

To get a we burst
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  • #48,427
  • Sep 22, 2014 10:02pm Sep 22, 2014 10:02pm
Gidday Traders

I have taken my pending longs out

Sitting on enough longs an need to clear a few out

Bit top heavy,we burst right about now would be good.
  • #48,428
  • Sep 22, 2014 10:36pm Sep 22, 2014 10:36pm
Quoting Liam0530
{quote} Just from my analysis.. I wlways see a spike around 9pm time. Just like 7pm . 3am .. 8am 10am .. 12.. Points of session starts and wahtever else it pretty much shows the way the session plans to go for that day
Thanks for that. I usually spot time-related market movements and have the 10am ET on my radar.
The 9pm I had also noticed since it seems to correspond with Tokyo stock market opening, although I confess that I have yet to master the art of staying awake for more than 16 hours on a regular basis.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,429
  • Sep 22, 2014 10:48pm Sep 22, 2014 10:48pm
Quoting Vermillion
Just closed a short from 109.016 at 108.700. I don't recommend waiting for 108.3 to go long right now- not today at least. I think there's going to be a small rebound from the 108.5/108.6 mark, if it even gets to that today (the market is having fun around 108.7, where I closed one of my shorts). The dollar's performance, while slowly going under pressure, is still solid enough to the point where a loss of 70 pips from 109 to 108.3 in a few hours isn't really justified given the lack of speculative events. We'll probably see major movements around...
At the risk of sounding like a newb ......

The way UJ is moving at the moment is a kind of level shifting mode. 108.60 is a zone boundary so any break below there needs to be considered before entering long, especially because it might not stop until below 107.50
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,430
  • Sep 22, 2014 10:53pm Sep 22, 2014 10:53pm
it's time to be greedy when there is fear, i see now as pullback, i am loading more longs until it reach 110.
  • #48,431
  • Sep 22, 2014 11:16pm Sep 22, 2014 11:16pm
IMHO, it won't go directly to 110 level, but will test 107.6 ~.7 then go up slowly to 109 then allover to 112 at the end... possibly this is the end of the USD pull...
  • #48,432
  • Sep 22, 2014 11:29pm Sep 22, 2014 11:29pm
Quoting Exodus
{quote} At the risk of sounding like a newb ...... The way UJ is moving at the moment is a kind of level shifting mode. 108.60 is a zone boundary so any break below there needs to be considered before entering long, especially because it might not stop until below 107.50
Market probably waiting on unemployment/GDP news before a move higher.
  • #48,433
  • Sep 22, 2014 11:33pm Sep 22, 2014 11:33pm
Quoting DonaldPump
{quote} Market probably waiting on unemployment/GDP news before a move higher.
definately, i agree......

it needs a nice boost... and if unemp/GDP upsets? hmm .........
  • #48,434
  • Edited Sep 23, 2014 12:20am Sep 22, 2014 11:59pm | Edited Sep 23, 2014 12:20am
lot of selling pressure .. about the 4th time on the hourly that 108.6 area is being tested

feeling like its going to break through if this continues



EDIT: "Israel shoots down syrian warplane near border." - bloomberg.com breaking news

geopolitics maybe coming back into play ... oh boyyy
  • #48,435
  • Sep 23, 2014 12:25am Sep 23, 2014 12:25am
Quoting Liam0530
...EDIT: "Israel shoots down syrian warplane near border." - bloomberg.com breaking news geopolitics maybe coming back into play ... oh boyyy
Oh god!
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,436
  • Sep 23, 2014 1:19am Sep 23, 2014 1:19am
Yen is gaining across all pairs. This could take us below 108 for a retest of the pre-FOMC levels. Let's see where the 4+ hour candles close.
  • #48,437
  • Sep 23, 2014 1:19am Sep 23, 2014 1:19am
i will quit forex if the market makers con men sucked my money, i only have longed this pair.

i feel tired always at their mercy.
  • #48,438
  • Sep 23, 2014 1:26am Sep 23, 2014 1:26am
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  • #48,439
  • Sep 23, 2014 1:30am Sep 23, 2014 1:30am
19th Sept High 109.371 22nd Sept turned down the first time and will go down to about 107.620
  • #48,440
  • Sep 23, 2014 2:10am Sep 23, 2014 2:10am
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