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USD/JPY Discussion

  • #48,721
  • Oct 2, 2014 4:29am Oct 2, 2014 4:29am
108 is where I'll be going long
  • #48,722
  • Oct 2, 2014 4:30am Oct 2, 2014 4:30am
Quoting davidkok
{quote} wow, u think it will retrace down to 107?? then im gonna die T.T

this pair has been losing steam over the last few days...
and after such a sharp reversal following a touch of 110, i think its gonna turn into a sellers market soon
but dont get me wrong, the fundies are very bullish for this pair in the longer term
i think its just too crowded for the moment,
~107 would be a great place to start looking for a long

you may wanna hedge your long exposure, and build a downside bias if the patterns play out
90% of people, are wrong about 90% of everything, 90% of the time...
  • #48,723
  • Oct 2, 2014 4:32am Oct 2, 2014 4:32am
Still long sentiment intact. Looking for a good level to buy back. This fall caught me totally off guard.
The price will go where it has to go.
  • #48,724
  • Oct 2, 2014 5:06am Oct 2, 2014 5:06am
Quoting theDHT
{quote} this pair has been losing steam over the last few days... and after such a sharp reversal following a touch of 110, i think its gonna turn into a sellers market soon but dont get me wrong, the fundies are very bullish for this pair in the longer term i think its just too crowded for the moment, ~107 would be a great place to start looking for a long you may wanna hedge your long exposure, and build a downside bias if the patterns play out
that is what im doing as of now, i just open a few short positions... just in case .. as for eur/usd can you shed some light? i shorted at the bottom T.T
  • #48,725
  • Oct 2, 2014 5:33am Oct 2, 2014 5:33am
Quoting davidkok
{quote} that is what im doing as of now, i just open a few short positions... just in case .. as for eur/usd can you shed some light? i shorted at the bottom T.T
I see no reason to get long this pair, except that the USD rally looks like is running out of steam and the short EUR trade is over crowded

still I would probably trade it to the downside on very short term TF for 30-50 pips at a time... if at all

but I am not in this pair anymore...

if we get a decent retracement on the Dailys, I would love to short the hell out of it, in time...
90% of people, are wrong about 90% of everything, 90% of the time...
  • #48,726
  • Oct 2, 2014 6:38am Oct 2, 2014 6:38am
Good Afternoon
Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD
USDJPY
GOLD

http://www.forexfactory.com/showthre...42#post7774942

EURO PINK
CABLE PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #48,727
  • Oct 2, 2014 8:42am Oct 2, 2014 8:42am
the price hit my sell stop some hours ago @ 108.75
http://i60.tinypic.com/6sa0jm.png
  • #48,728
  • Oct 2, 2014 8:47am Oct 2, 2014 8:47am
Unemployment claims lower then expected, UJ drops........
  • #48,729
  • Oct 2, 2014 9:04am Oct 2, 2014 9:04am
Factory order is bad.....watch out.

Looks like the bull has yet to recover from the fall.

Maybe NFP will rekindle the bull fire....
  • #48,730
  • Oct 2, 2014 10:24am Oct 2, 2014 10:24am
If it gets below 108.41 ad stays there, it is a good change for a really hard drop. But if it hovers above 108.41 then it could be ready for another leg up
  • #48,731
  • Oct 2, 2014 10:47am Oct 2, 2014 10:47am
Quoting Trendzalore
If it gets below 108.41 ad stays there, it is a good change for a really hard drop. But if it hovers above 108.41 then it could be ready for another leg up
it is currently below, is there any possibility of it going back up to 109? IMO i think it will reach 112. but it seems to be impossible ... as of now ..
  • #48,732
  • Oct 2, 2014 10:48am Oct 2, 2014 10:48am
Looks like 107.xxx is next...
  • #48,733
  • Oct 2, 2014 10:55am Oct 2, 2014 10:55am
The Bulls are licking their wounded tired legs hard... and the bears are taunting the bulls...

I see 1.06xx by end of next week..... Dollar.. had too much of a run past weeks to sustain that level...
  • #48,734
  • Oct 2, 2014 10:59am Oct 2, 2014 10:59am
Quoting hantousha
The Bulls are licking their wounded tired legs hard... and the bears are taunting the bulls... I see 1.06xx by end of next week..... Dollar.. had too much of a run past weeks to sustain that level...
wow you serious?! 1.06!??!?! i longed at 1.09 omg.... looks like im dead huh..
  • #48,735
  • Oct 2, 2014 11:00am Oct 2, 2014 11:00am
I agree that the short to mid term may be downwards. This entire month may be deceptive but this has to rise up again.
The price will go where it has to go.
  • #48,736
  • Oct 2, 2014 11:13am Oct 2, 2014 11:13am
can anybody help me? i have a long at 109... i am thinking if i should hold this position.. my account can definitely hold this, but it is wasting my time if it isnt going to reach back to it.. please advice
  • #48,737
  • Oct 2, 2014 11:58am Oct 2, 2014 11:58am
Quoting davidkok
can anybody help me? i have a long at 109... i am thinking if i should hold this position.. my account can definitely hold this, but it is wasting my time if it isnt going to reach back to it.. please advice
If I were you I would add another long when it turns to sth like 107.5x and leave the old order that way it will somehow go up by next week that's my prediction.
  • #48,738
  • Oct 2, 2014 12:03pm Oct 2, 2014 12:03pm
market makers, they know good data has upside to it, so they shut it down before it starts, if you notice, since the sell off, good data bring in a few pips spike up, then a waterfall, Japan officials saying too weak of a yen is bad and will need market intervention, tom NFP should tell us alot, as it usually makes bigger move then other data.

  • #48,739
  • Oct 2, 2014 12:29pm Oct 2, 2014 12:29pm
Quoting davidkok
can anybody help me? i have a long at 109... i am thinking if i should hold this position.. my account can definitely hold this, but it is wasting my time if it isnt going to reach back to it.. please advice
When in doubt, cut your losses, save your capital and wait for the next trade. Dont hold onto a bad trade if it has already negated your trade idea.
  • #48,740
  • Oct 2, 2014 12:38pm Oct 2, 2014 12:38pm
If under 108.13 again, can posibbly see 107.40 Really fast. Longs better hope it holds.
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