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USD/JPY Discussion

  • #48,601
  • Sep 30, 2014 7:20pm Sep 30, 2014 7:20pm
Happen to be online when it hit 110, it was fun watching the 5 min candle war that ensued lol.
  • #48,602
  • Sep 30, 2014 7:22pm Sep 30, 2014 7:22pm
holy shit !

PIPS!
  • #48,603
  • Sep 30, 2014 7:27pm Sep 30, 2014 7:27pm
First target hit at 110.05! 115 now please?
  • #48,604
  • Sep 30, 2014 8:17pm Sep 30, 2014 8:17pm
Quoting DonaldPump
First target hit at 110.05! 115 now please?
lol... you'll have to wait a bit more for that
Please check out my blog at https://from-zero-to-hero . net
  • #48,605
  • Sep 30, 2014 8:24pm Sep 30, 2014 8:24pm
just got in to long at 90...i smell fear and it's good time to be greedy...
  • #48,606
  • Sep 30, 2014 8:29pm Sep 30, 2014 8:29pm
Quoting bluetoss
just got in to long at 90...i smell fear and it's good time to be greedy...
im not too far from ya, i got in before the spike up, at 85.. lets goo
  • #48,607
  • Sep 30, 2014 8:41pm Sep 30, 2014 8:41pm
Quoting Liam0530
{quote} im not too far from ya, i got in before the spike up, at 85.. lets goo

Just woke up after a small nap. Bah. Bad timing. Currently waiting on a small decline in the USD/JPY before reloading...hopefully around 109.85 or lower, depending on the progress. Definitely will not go below 109 unless some unexpected announcement occurs, but that'll probably be my SL.

Current pivot point is around 109.5-109.6. That's my hopeful buy in price (likely going to be higher though)

Take profit: 109.995~110.18

Where are you putting your stop losses right now?
  • #48,608
  • Sep 30, 2014 8:56pm Sep 30, 2014 8:56pm
what else can be said...? last week, abe already came to intervene with his yen outlook that too weak not good for economy but what happened next, it shot up... now, the fact is that it's in black and white that jap economy has a high probablity of sagging further. who else can be more influential than abe, please advise!

Quoting Vermillion
{quote} Just woke up after a small nap. Bah. Bad timing. Currently waiting on a small decline in the USD/JPY before reloading...hopefully around 109.85 or lower, depending on the progress. Definitely will not go below 109 unless some unexpected announcement occurs, but that'll probably be my SL. Current pivot point is around 109.5-109.6. That's my hopeful buy in price (likely going to be higher though) Take profit: 109.995~110.18 Where are you putting your stop losses right now?
  • #48,609
  • Sep 30, 2014 9:07pm Sep 30, 2014 9:07pm
Quoting Vermillion
{quote} Just woke up after a small nap. Bah. Bad timing. Currently waiting on a small decline in the USD/JPY before reloading...hopefully around 109.85 or lower, depending on the progress. Definitely will not go below 109 unless some unexpected announcement occurs, but that'll probably be my SL. Current pivot point is around 109.5-109.6. That's my hopeful buy in price (likely going to be higher though) Take profit: 109.995~110.18 Where are you putting your stop losses right now?
108.9 is my stop, ill also open up another if it drops to 109.4 or 3, (but it wont)
  • #48,610
  • Sep 30, 2014 9:14pm Sep 30, 2014 9:14pm
Im starting to wonder if we wont hit 111 by the end of the week if NFP and unemployment data turns out to be good. Im almost tempted to cancel my TP's at 110.50 like I have em set to :-s
  • #48,611
  • Sep 30, 2014 9:16pm Sep 30, 2014 9:16pm
Quoting crazy1here
Im starting to wonder if we wont hit 111 by the end of the week if NFP and unemployment data turns out to be good. Im almost tempted to cancel my TP's at 110.50 like I have em set to :-s
no keep em at 110.50 i think that's a great level to target.

i'm long again from around 109.80 level, i think this level here is a great entry point if ur not already in the trade.

don't let them play their nasty tricks on you!! it's gonna break new highs and shoot up past 110.10.
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  • #48,612
  • Sep 30, 2014 9:26pm Sep 30, 2014 9:26pm
Quoting smash1820
{quote} no keep em at 110.50 i think that's a great level to target. i'm long again from around 109.80 level, i think this level here is a great entry point if ur not already in the trade. don't let them play their nasty tricks on you!! it's gonna break new highs and shoot up past 110.10.
yeah 110.65 is my tp target and i might lower it to 55 ... if (when) it goes higher, it will def have a nice correction from that point before next targets 111. and up...

lets hope this NFP is good though ...
  • #48,613
  • Sep 30, 2014 9:30pm Sep 30, 2014 9:30pm
Quoting Liam0530
{quote} yeah 110.65 is my tp target and i might lower it to 55 ... if (when) it goes higher, it will def have a nice correction from that point before next targets 111. and up... lets hope this NFP is good though ...
regardless of NFP, dollar is in strong phase (within an even larger weaker phase), yen is in ultra ultra ultra weak phase...

i don' think NFP data really matters that much... but it does move the market...

point is... do not worry my friend... your targets will hit sooner than later!
Please check out my blog at https://from-zero-to-hero . net
  • #48,614
  • Sep 30, 2014 9:40pm Sep 30, 2014 9:40pm
Quoting smash1820
{quote} regardless of NFP, dollar is in strong phase (within an even larger weaker phase), yen is in ultra ultra ultra weak phase... i don' think NFP data really matters that much... but it does move the market... point is... do not worry my friend... your targets will hit sooner than later!
Just make sure any stops on long trades have room to move
Winners add to winning trades!
  • #48,615
  • Sep 30, 2014 9:41pm Sep 30, 2014 9:41pm
Quoting marshalmax
just make sure any stops on long trades have room to move
no stops, it is very important NOT to use them!
Please check out my blog at https://from-zero-to-hero . net
  • #48,616
  • Sep 30, 2014 9:44pm Sep 30, 2014 9:44pm
Quoting marshalmax
{quote} Just make sure any stops on long trades have room to move
yeah ive learned long ago, having too tight of stop loss will kill you, so i leave plenty of room to breathe, use them as last resort, protect me from any world disaster that might occur sending a super waterfall sell off or some crazy madness like that lol
  • #48,617
  • Sep 30, 2014 10:04pm Sep 30, 2014 10:04pm
Quoting smash1820
{quote} no stops, it is very important NOT to use them!
holy shit no!

but hey everyone has their own system and view points.

I use a 2 candle low. This means if price whips around its okay unless it retraces more than the last 2 days range when it should be taken seriously.
Winners add to winning trades!
  • #48,618
  • Sep 30, 2014 10:11pm Sep 30, 2014 10:11pm
Quoting Liam0530
{quote} yeah ive learned long ago, having too tight of stop loss will kill you, so i leave plenty of room to breathe, use them as last resort, protect me from any world disaster that might occur sending a super waterfall sell off or some crazy madness like that lol
I agree. Shakeouts are surprisingly frequent, and stopping just around major resistance/supports often lead to closed trades. I always leave at least 20 pips of breathing room even for the intraday trades that I check minute by minute.
  • #48,619
  • Sep 30, 2014 10:34pm Sep 30, 2014 10:34pm
Quoting smash1820
{quote} no stops, it is very important NOT to use them!
Absolutely terrible advice.
  • #48,620
  • Sep 30, 2014 11:52pm Sep 30, 2014 11:52pm
Quoting bluetoss
what else can be said...? last week, abe already came to intervene with his yen outlook that too weak not good for economy but what happened next, it shot up... now, the fact is that it's in black and white that jap economy has a high probablity of sagging further. who else can be more influential than abe, please advise! {quote}
....mother nature
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
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