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USD/JPY Discussion

  • #48,481
  • Sep 24, 2014 7:17pm Sep 24, 2014 7:17pm
Quoting Pharm0r
Pending L 108.35
Wishing I would have taken that now....

haha
  • #48,482
  • Sep 24, 2014 7:18pm Sep 24, 2014 7:18pm
Quoting Liam0530
{quote} lol . has this strategy or whatever made you money?

Make friend with the trend....
  • #48,483
  • Sep 24, 2014 7:24pm Sep 24, 2014 7:24pm
USDJPY still strong take out 109.45 will go long for a Target of 110.35 / 111.22 / 112.99
Attached Image (click to enlarge)
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"W. D. Gann said that time is the most important factor among all things."
  • #48,484
  • Sep 24, 2014 8:05pm Sep 24, 2014 8:05pm
going to need good unemployment claim data to push through this 109.4 im thinking, lot of sellers were waiting there, lets see if buyers are strong enough to push through this within next few hours
  • #48,485
  • Edited 12:12am Sep 25, 2014 12:00am | Edited 12:12am
Sooner or later, sell of guaranteed, yesterday prime minister abe said something than he is considering if yen
strengthening is good or not, with BOJ stop intervention market makers only can touch 110 (i don't think either)
then we are getting back to balance, 105 is very rational target until the end of october middle november
what is going up fast, is going down faster
Any short above 109 is a good short
  • #48,486
  • Sep 25, 2014 5:32am Sep 25, 2014 5:32am
Price stopped just shy of 109.40, which seems to be decent area of resistance for now. Although the dollar is being stretched thin, all other yen crosses continue to gain against the Japanese currency. I think 110 is definitely possible this week, but I would feel cautious holding it too long, as it feels to me any gains would quickly retrace at this point in time.
  • #48,487
  • Sep 25, 2014 9:05am Sep 25, 2014 9:05am
why it is going down with the good results
  • #48,488
  • Sep 25, 2014 9:44am Sep 25, 2014 9:44am
Quoting sthobani
why it is going down with the good results
The results were at expectation. Usually news events are used to get better entry points. Unless the news is way beyond expectation it won't shoot up as you would expect it to. But just when you think it is a good short you will see it reverse and move up. If you are not already long wait for a bullish candlestick to form before going long. You never know how far this will drop. If you are already long then stay put.
The price will go where it has to go.
  • #48,489
  • Sep 25, 2014 9:46am Sep 25, 2014 9:46am
http://www.forexfactory.com/news.php?do=news&id=505993

--

I have a L pending @ the weekly pivot, but this looks like it may shoot right through it..
  • #48,490
  • Sep 25, 2014 9:47am Sep 25, 2014 9:47am
Quoting Liam0530
{quote} lol . has this strategy or whatever made you money?
guess it's my lucky day
  • #48,491
  • Sep 25, 2014 9:52am Sep 25, 2014 9:52am
Quoting sthobani
why it is going down with the good results
The results are not good, they are only in line with expectation.
Except for the durable goods which was more pessimistic than expected, even if the core figure was Ok.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,492
  • Sep 25, 2014 9:53am Sep 25, 2014 9:53am
Quoting dodoei
{quote} guess it's my lucky day
Agreed. Taking a small reload for the long at the 108.5. SL at 108.2


And meanwhile, several giants like Deutsche Bank and Barclay are duking it out in their predictions. The former feels extremely bullish about the USD/JPY; the latter feels a more slow, progressive bullish outlook (trading around 110 in a few weeks/month).

Either way, since it's bullish, we'll all come out on top in the foreseeable nearby future for now (excluding those who get screwed over on a short)
  • #48,493
  • Sep 25, 2014 10:01am Sep 25, 2014 10:01am
Seems like people are just gobbling up any 15 pip pullback
  • #48,494
  • Edited 1:30pm Sep 25, 2014 1:19pm | Edited 1:30pm
Quoting spinozagr
For long term traders only the following MONTHLY chart is quite clear senkou span B broke the cloud...and the road is free for north destinations... Venceremos {image}
H4

first warning sign after a long time... fast ma crossses from top the slow ma....

risky for taking a short position while we are playing in bulls field (above the cloud)

Lets see how it is going to be developed

Venceremos
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The good thing with the future is that it is progressively approaching...
  • #48,495
  • Sep 25, 2014 4:52pm Sep 25, 2014 4:52pm
Quoting Pharm0r
http://www.forexfactory.com/news.php?do=news&id=505993 -- I have a L pending @ the weekly pivot, but this looks like it may shoot right through it..
The fundamental picture has taken a hit with this news and it seems it has not been able to recover so far. I am thinking we may be revisiting lower numbers, at least a retest of the weekly bottom. The longer term trend is still up but 107.50 becomes more likely after this.
The price will go where it has to go.
  • #48,496
  • Sep 25, 2014 4:58pm Sep 25, 2014 4:58pm
Quoting mitrapips
{quote} The fundamental picture has taken a hit with this news and it seems it has not been able to recover so far. I am thinking we may be revisiting lower numbers, at least a retest of the weekly bottom. The longer term trend is still up but 107.50 becomes more likely after this.
if 7:30pm ET japan CPI data and tom morning US GDP is favorable for the dollar then we SHOULD get back into the upwards action, but if not then yes, we def will visit lower numbers...

we are stuck between the 109.4 and 108.2 range
  • #48,497
  • Sep 25, 2014 5:09pm Sep 25, 2014 5:09pm
Quoting Liam0530
{quote}we are stuck between the 109.4 and 108.2 range
True that. I am thinking maybe the Japan session will pull this lower to rest on 108.2 before tomorrows number which might decide its fate of whether to resume upwards or to break below. In any case I don't see this falling beyond 107.50. I will closely monitor Japan open. I have a small short going separately but may decide to reverse my main position based on Japan open. Maybe I wil have to do nothing and this just keeps going up. Who knows in this forex world. I live candle to candle.
The price will go where it has to go.
  • #48,498
  • Sep 25, 2014 5:17pm Sep 25, 2014 5:17pm
Quoting mitrapips
{quote} True that. I am thinking maybe the Japan session will pull this lower to rest on 108.2 before tomorrows number which might decide its fate of whether to resume upwards or to break below. In any case I don't see this falling beyond 107.50. I will closely monitor Japan open. I have a small short going separately but may decide to reverse my main position based on Japan open. Maybe I wil have to do nothing and this just keeps going up. Who knows in this forex world. I live candle to candle.
lol TRUTH .. definitely!

  • #48,499
  • Sep 25, 2014 5:23pm Sep 25, 2014 5:23pm
Well, DXY is 11 weeks up...so question is what cant turn it down...
The Market pays you to be disciplined
  • #48,500
  • Sep 25, 2014 6:35pm Sep 25, 2014 6:35pm
CPI data came in softer then expected, but as to no surprise, no movement .......
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