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USD/JPY Discussion

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  • Post #48,641
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  • Oct 1, 2014 10:15am Oct 1, 2014 10:15am
  •  3b7a36
  • | Joined Feb 2013 | Status: Member | 8 Posts
I just keep waiting for the damn whipsaw. 3 . . . 2 . . . 1
  • Post #48,642
  • Quote
  • Oct 1, 2014 11:53am Oct 1, 2014 11:53am
  •  mitrapips
  • Joined May 2013 | Status: Member | 366 Posts
I guess some of us have hit their stop losses but the trend is still intact. Big players play on panic to enter at better prices. Nothing doing. You gotta have brass ones to stay in the game.
The price will go where it has to go.
  • Post #48,643
  • Quote
  • Edited at 12:17pm Oct 1, 2014 11:56am | Edited at 12:17pm
  •  Vermillion
  • Joined Apr 2014 | Status: Scalper / Swing Trader | 1,417 Posts
Quoting mitrapips
Disliked
I guess some of us have hit their stop losses but the trend is still intact. Big players play on panic to enter at better prices. Nothing doing. You gotta have brass ones to stay in the game.
Ignored
I'm currently sitting on my 109.6. The market'll have to dip to 108.80 before I'll have to close my trade. It'll likely stop at 109.2-109.0, but I'm adding those 20 extra pips as a measure against shakeouts.

Still, if I don't like the hourly chart, I may have to take a significant loss and close up shop.
  • Post #48,644
  • Quote
  • Oct 1, 2014 11:58am Oct 1, 2014 11:58am
  •  mitrapips
  • Joined May 2013 | Status: Member | 366 Posts
Quoting Vermillion
Disliked
{quote} I'm currently sitting on my 109.6. The market'll have to dip to 108.80 before I'll have to close my trade. It'll likely stop at 109.2-109.0, but I'm adding those 20 extra pips as a measure against shakeouts.
Ignored
Good call!
The price will go where it has to go.
  • Post #48,645
  • Quote
  • Oct 1, 2014 12:01pm Oct 1, 2014 12:01pm
  •  Rizmeister
  • | Joined Nov 2013 | Status: Member | 1,222 Posts
Im still long. That sounds like a good draw. Lets go bulls
  • Post #48,646
  • Quote
  • Oct 1, 2014 12:15pm Oct 1, 2014 12:15pm
  •  grandnagus65
  • | Joined Aug 2014 | Status: Member | 9 Posts
Sooo... is 110.5 still a target or has the selling begun?
  • Post #48,647
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  • Oct 1, 2014 12:16pm Oct 1, 2014 12:16pm
  •  Dano12
  • Joined Nov 2012 | Status: Member | 5,895 Posts
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  • Post #48,648
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  • Oct 1, 2014 12:41pm Oct 1, 2014 12:41pm
  •  Dead.Boy
  • | Joined Sep 2014 | Status: covering pro's path | 64 Posts
waiting for breakout-pullback of recent bear leg, second entry to go long for 2 up-legs

have 2 reasons - 3 pushes down and breakout of bears trendline with possible major trend reversal pattern

uj is at the bottom of wide range additionally, so odds for bulls - 2 up to sideway legs

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  • Post #48,649
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  • Oct 1, 2014 1:03pm Oct 1, 2014 1:03pm
  •  Dead.Boy
  • | Joined Sep 2014 | Status: covering pro's path | 64 Posts
Quoting Dead.Boy
Disliked
waiting for breakout-pullback of recent bear leg, second entry to go long for 2 up-legs have 2 reasons - 3 pushes down and breakout of bears trendline with possible major trend reversal pattern uj is at the bottom of wide range additionally, so odds for bulls - 2 up to sideway legs {image}
Ignored
broke up nicely, but hesitant to go lower

tight trading range, maybe will enter here with stop below recent low and target about 9.70
  • Post #48,650
  • Quote
  • Oct 1, 2014 1:08pm Oct 1, 2014 1:08pm
  •  Dead.Boy
  • | Joined Sep 2014 | Status: covering pro's path | 64 Posts
long with stop @ 26, but for scalper's lower target
  • Post #48,651
  • Quote
  • Oct 1, 2014 1:13pm Oct 1, 2014 1:13pm
  •  Dead.Boy
  • | Joined Sep 2014 | Status: covering pro's path | 64 Posts
Quoting Dead.Boy
Disliked
long with stop @ 26, but for scalper's lower target
Ignored
maybe 44
  • Post #48,652
  • Quote
  • Oct 1, 2014 1:16pm Oct 1, 2014 1:16pm
  •  mitrapips
  • Joined May 2013 | Status: Member | 366 Posts
Pin bar on H1 from 200 sma plus outer bb. I will be blaste if this doesn't reverse soon.
The price will go where it has to go.
  • Post #48,653
  • Quote
  • Oct 1, 2014 1:19pm Oct 1, 2014 1:19pm
  •  hst
  • Joined Dec 2011 | Status: Member | 14 Posts
USDJPY:Waves Wolf
AB=CD
Major HigherThe Higher Trend
110 Important
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  • Post #48,654
  • Quote
  • Oct 1, 2014 1:44pm Oct 1, 2014 1:44pm
  •  Dead.Boy
  • | Joined Sep 2014 | Status: covering pro's path | 64 Posts
Quoting Dead.Boy
Disliked
{quote} maybe 44
Ignored
nope... uj didn't favor me today
  • Post #48,655
  • Quote
  • Oct 1, 2014 2:31pm Oct 1, 2014 2:31pm
  •  Liam0530
  • | Joined Aug 2014 | Status: Member | 580 Posts
if the asian session comes in shorting, as it might turn out (although it might be a buying time since such as strong selloff) but if it does come in shorting, this will drop further, with that said, i would love this support area to stay strong

  • Post #48,656
  • Quote
  • Oct 1, 2014 2:46pm Oct 1, 2014 2:46pm
  •  mitrapips
  • Joined May 2013 | Status: Member | 366 Posts
Quoting Liam0530
Disliked
if the asian session comes in shorting, as it might turn out (although it might be a buying time since such as strong selloff) but if it does come in shorting, this will drop further, with that said, i would love this support area to stay strong
Ignored
Even if asian session shorts it has to test 109.50 before moving down. Although honestly neither the news nor the charts can sustain any further downward move.
The price will go where it has to go.
  • Post #48,657
  • Quote
  • Oct 1, 2014 2:51pm Oct 1, 2014 2:51pm
  •  Liam0530
  • | Joined Aug 2014 | Status: Member | 580 Posts
Quoting mitrapips
Disliked
{quote} Even if asian session shorts it has to test 109.50 before moving down.
Ignored
hmm, true
  • Post #48,658
  • Quote
  • Oct 1, 2014 2:51pm Oct 1, 2014 2:51pm
  •  Dead.Boy
  • | Joined Sep 2014 | Status: covering pro's path | 64 Posts
maybe 19 will provide some support, though eu's forming a bull flag
  • Post #48,659
  • Quote
  • Oct 1, 2014 2:56pm Oct 1, 2014 2:56pm
  •  Dano12
  • Joined Nov 2012 | Status: Member | 5,895 Posts
analogy
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  • Post #48,660
  • Quote
  • Oct 1, 2014 2:58pm Oct 1, 2014 2:58pm
  •  eliteincome
  • | Joined Aug 2011 | Status: Member | 2,639 Posts
Gidday YEN Players

Anything above 100 is risky with this pair

Been changing pending longs lower

Man 109.2 hit one at 109

Does not inspire confidence

The Grand masters feel the need to give the peasants a crash course in money management
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