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USD/JPY Discussion

  • #48,741
  • Oct 2, 2014 10:55am Oct 2, 2014 10:55am
Lastly, for what its worth, it looks like at least on the lower time frame OBV that there is a good deal of buying at the current level with a view back to 108.80. Of course with news tomorrow that tid bit probably means next to nothing. But in my experience the 15 minute OBV for whatever reason can be a good leading indicator for this pair. I would not be suprised at all if in the coming days 108.8 was hit again and beyond.
  • #48,742
  • Oct 2, 2014 12:13pm Oct 2, 2014 12:13pm
In just an hour that was a good 30+ pip move. Looks like the buying there was real. At least for now.
  • #48,743
  • Oct 2, 2014 12:23pm Oct 2, 2014 12:23pm
Quoting Trendzalore
In just an hour that was a good 30+ pip move. Looks like the buying there was real. At least for now.
Hopefully this trend doesnt continue but if it does, expect to see some red candles now on the 15m chrt
  • #48,744
  • Oct 2, 2014 4:51pm Oct 2, 2014 4:51pm
this pair is very challenging, i like...
  • #48,745
  • Oct 2, 2014 5:14pm Oct 2, 2014 5:14pm
I'm long from 108.53
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FF journal: Peaks and Troffs
  • #48,746
  • Oct 2, 2014 5:20pm Oct 2, 2014 5:20pm
i am short...for trending is still down for today.
  • #48,747
  • Oct 2, 2014 5:24pm Oct 2, 2014 5:24pm
Speculative play on-going, not much impact news.

Maybe good to stay away till NFP for a clearer direction.......
  • #48,748
  • Oct 2, 2014 5:33pm Oct 2, 2014 5:33pm
Quoting pohchuan
Speculative play on-going, not much impact news. Maybe good to stay away till NFP for a clearer direction.......
I am definitely staying away for now.
  • #48,749
  • Oct 2, 2014 5:51pm Oct 2, 2014 5:51pm
Quoting Trendzalore
{quote} I am definitely staying away for now.

we going up up and the sky soon
  • #48,750
  • Oct 2, 2014 6:03pm Oct 2, 2014 6:03pm
Quoting Trendzalore
Lastly, for what its worth, it looks like at least on the lower time frame OBV that there is a good deal of buying at the current level with a view back to 108.80. Of course with news tomorrow that tid bit probably means next to nothing. But in my experience the 15 minute OBV for whatever reason can be a good leading indicator for this pair. I would not be suprised at all if in the coming days 108.8 was hit again and beyond.
Well close enough by a pip. I would expect just noise til news tomorrow now.
  • #48,751
  • Oct 2, 2014 6:22pm Oct 2, 2014 6:22pm
Maybe it will be some crazy night and this will hit 110 again before NFP
  • #48,752
  • Oct 2, 2014 9:41pm Oct 2, 2014 9:41pm
Quoting Trendzalore
Lastly, for what its worth, it looks like at least on the lower time frame OBV that there is a good deal of buying at the current level with a view back to 108.80. Of course with news tomorrow that tid bit probably means next to nothing. But in my experience the 15 minute OBV for whatever reason can be a good leading indicator for this pair. I would not be suprised at all if in the coming days 108.8 was hit again and beyond.
Gotta say I feel like the luckiest bastard alive, got frustrated by this pair yesterday n basicly decided to buy @ 108.05, without any near support around, basing my decision only on the fact that price hit the round no of 108.00 n the fact that nxt day is nfp n market may start pricing in a positive nfp. I had moved my sl to 108.30 when price was at 108.43, just b4 I went to bed, even had to take some drugs so I could sleep off n not have to wakeup @ night to check my trade. So finally I wake, n price is exactly @ 108.80, though Asia had done a high of 108,92, moved my sl to 108.65, locking in 60 pips. Damn I feel so lucky, didn't expect Asia would take it this high, would love to see 109.10 b4 London opens.
  • #48,753
  • Oct 2, 2014 9:43pm Oct 2, 2014 9:43pm
Quoting bogus
I'm long from 108.53 {image}
I took 30 pips earlier and have brought my stop up tight because of a) NFP, b) resistance, C) end of the week and I don't trade NFP. D) Beer o'clock.
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FF journal: Peaks and Troffs
  • #48,754
  • Oct 2, 2014 9:46pm Oct 2, 2014 9:46pm
i am eagerly waiting for euro market to start, hopefully, before nfp, i can close with minimal profit. still incline to short...


Quoting mamalujo
{quote} Gotta say I feel like the luckiest bastard alive, got frustrated by this pair yesterday n basicly decided to buy @ 108.05, without any near support around, basing my decision only on the fact that price hit the round no of 108.00 n the fact that nxt day is nfp n market may start pricing in a positive nfp. I had moved my sl to 108.30 when price was at 108.43, just b4 I went to bed, even had to take some drugs so I could sleep off n not have to wakeup @ night to check my trade. So finally I wake, n price is exactly @ 108.80, though Asia had...
  • #48,755
  • Oct 2, 2014 10:04pm Oct 2, 2014 10:04pm
Quoting bluetoss
i am eagerly waiting for euro market to start, hopefully, before nfp, i can close with minimal profit. still incline to short... {quote}
Feel like closing d trade now @ 108.80, but I'm hoping it keeps goin up, I think euro market will keep taking it up till abt a 12.00 gmt.
  • #48,756
  • Oct 2, 2014 10:15pm Oct 2, 2014 10:15pm
the momentum of shorting is not over, only a day has passed, look at your chart.

Quoting mamalujo
{quote} Feel like closing d trade now @ 108.80, but I'm hoping it keeps goin up, I think euro market will keep taking it up till abt a 12.00 gmt.
  • #48,757
  • Oct 2, 2014 10:23pm Oct 2, 2014 10:23pm
The pair confirmed a weak closing well below the low of the previous session but also well below the support of the negative outside day at 108,75 suggesting further downside risk! the closing was however still above the s/t support line! The indicators of the daily chart are however below the line as well as those of the 4h one suggesting further weakness. Only the indicators of the hourly chart turned above the line, but after having formed bullish divergences. The move up since the low at 108,00 is therefore corrective and a selling opportunity. We suggest waiting for a little higher levels above 109 to go short for a drop below 108!!
  • #48,758
  • Oct 2, 2014 10:34pm Oct 2, 2014 10:34pm
.
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FF journal: Peaks and Troffs
  • #48,759
  • Oct 2, 2014 10:58pm Oct 2, 2014 10:58pm
been away all day, welcoming my baby boy and baby girl twins into the world

but here i am, on the bed in our hospital room - WORKING.. haha..

so as it looks, buyers getitng back into business after not breaking that 108.... bulls continuing through london session? probably so, everyone preparing for the nfp.. still holding my positions, as painful as it was haha, lets see whats in store next few hours

  • #48,760
  • Oct 2, 2014 11:10pm Oct 2, 2014 11:10pm
Quoting Liam0530
been away all day, welcoming my baby boy and baby girl twins into the world but here i am, on the bed in our hospital room - WORKING.. haha.. so as it looks, buyers getitng back into business after not breaking that 108.... bulls continuing through london session? probably so, everyone preparing for the nfp.. still holding my positions, as painful as it was haha, lets see whats in store next few hours
Congrats!
FF journal: Peaks and Troffs
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