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USD/JPY Discussion

  • #49,221
  • Oct 20, 2014 7:07pm Oct 20, 2014 7:07pm
FOMC news next week. Volatility usually dries up before their releases.
  • #49,222
  • Oct 20, 2014 7:17pm Oct 20, 2014 7:17pm
Quoting DonaldPump
FOMC news next week. Volatility usually dries up before their releases.
good point
  • #49,223
  • Oct 20, 2014 8:01pm Oct 20, 2014 8:01pm
Looks like China data may want to go down. I have no idea.
  • #49,224
  • Oct 20, 2014 8:11pm Oct 20, 2014 8:11pm
Bears are trying to push it below 106.75 but have been rejected..so far.
  • #49,225
  • Oct 20, 2014 8:21pm Oct 20, 2014 8:21pm
Quoting freundr
Bears are trying to push it below 106.75 but have been rejected..so far.
Yes. Looks like bulls are putting up a fight but they may be getting exhausted. I hope so.
  • #49,226
  • Oct 20, 2014 8:33pm Oct 20, 2014 8:33pm
Quoting Trendzalore
Looks like China data may want to go down. I have no idea.
yeah i dont know why i said up.. (cuz i want it to go up haha)

i think if china data is weak, it will push usd jpy down..
  • #49,227
  • Oct 20, 2014 9:19pm Oct 20, 2014 9:19pm
May be time for a new pair for me. I am up on my trade but I just don't understand it enough.
  • #49,228
  • Oct 20, 2014 9:22pm Oct 20, 2014 9:22pm
Quoting Trendzalore
{quote} Yes. Looks like bulls are putting up a fight but they may be getting exhausted. I hope so.
Read the statement. You're trading on hope. Only advice -go trade NOW.
A trade should be based on an assumption based on facts
  • #49,229
  • Oct 20, 2014 9:23pm Oct 20, 2014 9:23pm
Quoting Mave
{quote} Read the statement. You're trading on hope. Only advice -go trade NOW.
Then no offense...........but you don't read enough. To take that from one statement. I always have a reason for a trade. Always.
  • #49,230
  • Oct 20, 2014 9:24pm Oct 20, 2014 9:24pm
Quoting Trendzalore
{quote} Then no offense...........but you don't read enough. To take that from one statement. I always have a reason for a trade. Always.
I know its a passing thing. Next advice with all due respect is - shut up and trade.
A trade should be based on an assumption based on facts
  • #49,231
  • Oct 20, 2014 9:37pm Oct 20, 2014 9:37pm
:|
A trade should be based on an assumption based on facts
  • #49,232
  • Oct 20, 2014 11:34pm Oct 20, 2014 11:34pm
wow, there it goes

EDIT

i see... Japan data came in a bit better then forecasted
although it is of little impact, but market (bigboys) will take any excuse to short this pair
  • #49,233
  • Oct 20, 2014 11:58pm Oct 20, 2014 11:58pm
i am betting on trend, overall trending up..

hope it turn out well by tomorrow...
  • #49,234
  • Oct 21, 2014 12:27am Oct 21, 2014 12:27am
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
In my opinion, i am inclined to see usdjpy slide to around support 105.90
Hindsight is useless if you never learn anything out from it
  • #49,235
  • Oct 21, 2014 12:33am Oct 21, 2014 12:33am
not so steep decline, dun forget they are still incline to printing money. their data not as good as well.
  • #49,236
  • Oct 21, 2014 1:01am Oct 21, 2014 1:01am
seems bottomed up at 106.40's...
  • #49,237
  • Oct 21, 2014 1:02am Oct 21, 2014 1:02am
hmm.. won't it find support here?

23.6% fibo from the high till recent low..
  • #49,238
  • Oct 21, 2014 1:11am Oct 21, 2014 1:11am
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
Quoting bluetoss
not so steep decline, dun forget they are still incline to printing money. their data not as good as well.
Fundamentally u may be right. But techncally...daily usdjpy has been sliding since from the
high of around 109.70s to its present level of 10630/40s. The support around 10590s is just a
short distance away...
It may not plunge down steeply but it may trickle and erode which is good deterrence atm
and there is nothing to stop the bears from carrying it all the way down while they are at it
and testing it at its support (which i am quite sure bulls will
be standing poise ready to take up the offer and bring it higher). But how high it will retrace no one
knows. However, i wil only be convinced of the continuation of the bull if the mkt can break the 10970s
resistance which atm currently stand as the closest peak of the uptrend channel. Just my twn cents worth.
Hindsight is useless if you never learn anything out from it
  • #49,239
  • Oct 21, 2014 5:10am Oct 21, 2014 5:10am
Quoting grandia
Isnt that a cup and handle pattern on h1? Sorry cant post chart on mobile atm
here is what I'm talking about. forgive the awful drawing, I used paint

edit: which is a bullish pattern

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 46 KB
  • #49,240
  • Oct 21, 2014 5:38am Oct 21, 2014 5:38am
Hi this is my first post ever~~~
would this chart pattern be better instead of the cup and handle?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 19 KB
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