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USD/JPY Discussion

  • #48,801
  • Oct 4, 2014 11:37am Oct 4, 2014 11:37am
Quoting Spezial
{quote} I've no idea, I just assume the herd mentality is often/always wrong, like they would be selling when really they should be buying. etc And thanks, I intend to
So would you be buying USDJPY or selling USDJPY next week?
A 1 pip gain is better than a 1 pip loss.
  • #48,802
  • Oct 4, 2014 1:02pm Oct 4, 2014 1:02pm
Quoting aeternum
{quote} So would you be buying USDJPY or selling USDJPY next week?
Most likely both, I don't hold positions for very long and tend to get in at what I assume to be the very start of a move, temporary or not.
  • #48,803
  • Oct 5, 2014 1:32am Oct 5, 2014 1:32am
I'm still biased for long so will be drilling down to the lower timeframe to look for early entry Long.
Winners add to winning trades!
  • #48,804
  • Oct 5, 2014 3:01am Oct 5, 2014 3:01am
Hello YEN Masters

Nut clamps an steel balls

required.

Fear an greed at its best

Pend short at 112 etc

An wait for the retrace

Or hang on to existing longs from lower levels

As you can see not everybody in the YEN camp is happy with

the weak YEN plan.

Bigger trades 20 to 30 pips an small open up to 110.5+

Good luck everybody
  • #48,805
  • Oct 5, 2014 7:42am Oct 5, 2014 7:42am
since it touched 38.2 retracement on h4 chart..what sthe next level its probably gonna touch?
Attached Image (click to enlarge)
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Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #48,806
  • Oct 5, 2014 10:00am Oct 5, 2014 10:00am
there's somebody whose short ?
  • #48,807
  • Oct 5, 2014 11:30am Oct 5, 2014 11:30am
Quoting Spezial
{quote} Most likely both, I don't hold positions for very long and tend to get in at what I assume to be the very start of a move, temporary or not.
Wish I traded like this at the start. My mentor encouraged longer term trading but I am a lot better at short term trading. Sadly I am in big losses now but I hope to recover them soon. It helped with my psychology. Losing money doesn't affect me much now.
A 1 pip gain is better than a 1 pip loss.
  • #48,808
  • Oct 5, 2014 2:46pm Oct 5, 2014 2:46pm
Guys! Gals! Watch out......
We had a bounce off 110 and it was quite a retracement.
There is nothing to say 110 is going to break, just wait until it does.

A big drive on the Nikkei on Monday might do it.
Assume nothing.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,809
  • Oct 5, 2014 4:28pm Oct 5, 2014 4:28pm
Quoting Exodus
Guys! Gals! Watch out...... We had a bounce off 110 and it was quite a retracement. There is nothing to say 110 is going to break, just wait until it does. A big drive on the Nikkei on Monday might do it. Assume nothing.
I agree, there is no strong signal says 110 would break.
  • #48,810
  • Oct 5, 2014 6:01pm Oct 5, 2014 6:01pm
Quoting csc2009
{quote} I agree, there is no strong signal says 110 would break.
The PA looks like it just needs more fuel. So far we can only say australian session don't have that. Oh bummer . Asia next.
The price will go where it has to go.
  • #48,811
  • Oct 5, 2014 7:26pm Oct 5, 2014 7:26pm
Intraday trading won't make you as much as if you just buy yen now and wait a few weeks. If you had gone long at 101 to 108 in the last 8 weeks you would be up a lot. Any long on yen is a good bet right now. In a month for all we know it could be at 115
  • #48,812
  • Oct 5, 2014 7:27pm Oct 5, 2014 7:27pm
I'm long at these position from 102.4, 104.20 and 107.450 and I'm adding more now.
  • #48,813
  • Oct 5, 2014 7:33pm Oct 5, 2014 7:33pm
Quoting mitrapips
{quote} The PA looks like it just needs more fuel. So far we can only say australian session don't have that. Oh bummer . Asia next.
Just hedged to keep it safe. Looks like it could drop a bit.
The price will go where it has to go.
  • #48,814
  • Oct 5, 2014 8:16pm Oct 5, 2014 8:16pm
asian session seems to be pushing the price down, but not really working, lets see what happens, i do expect a little pullback, where i might reload some more

do i see a double top on the 4 hr?

overall its bullish and going to go up, but not in a straight line like it has been since august, i expect a bit of ranging, and stronger pullbacks as it hits newer highs, but first we must break through this resistance at 110... i think by end of the week we will.

FOMC minutes for some reason i think might make price drop, but dollar should continue upwards to end the week, as it has been doing for weeks.

Monetary policy meeting of BoJ is a toss up i think
  • #48,815
  • Oct 5, 2014 10:14pm Oct 5, 2014 10:14pm
Quoting Liam0530
asian session seems to be pushing the price down, but not really working
That's my view as well.
The price will go where it has to go.
  • #48,816
  • Oct 6, 2014 2:49am Oct 6, 2014 2:49am
A signal that Japan is not unhappy about the current UJ value. 100 was the tipping point for some firms to start repatriating manufacturing. If Abe really wants more then it would seem that at least 110 is here to stay and 120 would not be unwelcome.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #48,817
  • Oct 6, 2014 2:59am Oct 6, 2014 2:59am
Going to be shorting this pair at 110.47 going off the weekly, daily and 4hour charts
  • #48,818
  • Oct 6, 2014 6:18am Oct 6, 2014 6:18am
- Bears target: 105.407

- Bulls target: 112.591
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  • #48,819
  • Oct 6, 2014 7:52am Oct 6, 2014 7:52am
Quoting Ziko9o8
- Bears target: 105.407 - Bulls target: 112.591 {image} {image}
nice entries!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #48,820
  • Oct 6, 2014 9:26am Oct 6, 2014 9:26am
Quoting theDHT
{quote} nice entries!
- Thanks.
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