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USD/JPY Discussion

  • #49,481
  • Oct 30, 2014 12:59pm Oct 30, 2014 12:59pm
Quoting Alstre
Hey peeps as i previously posted here that i was looking at this pair 4hourly with an RHS chart pattern pure technical just thought of sharing this fun fact... most likely price will hit my TP 109.55
Why do people think 109.5-109.6 will be the point of a correction? Wouldn't the likely point be around 109.8, which is the resistance established around Oct 1? That point was tested and maintained.

Mmmm....decisions, decisions.
  • #49,482
  • Oct 30, 2014 1:21pm Oct 30, 2014 1:21pm
Quoting Vermillion
{quote} Why do people think 109.5-109.6 will be the point of a correction? Wouldn't the likely point be around 109.8, which is the resistance established around Oct 1? That point was tested and maintained. Mmmm....decisions, decisions.
The "correction" already happened I'd say.. If US data keeps being good, this could hit 112+ by the end of the year imo.
  • #49,483
  • Oct 30, 2014 1:45pm Oct 30, 2014 1:45pm
Quoting teddybomber
{quote} The "correction" already happened I'd say.. If US data keeps being good, this could hit 112+ by the end of the year imo.
Right, but that's the end of the year expectation. I'm expecting an opportunity to reload short term longs by the time we approach 110. I'm trading intraday, so every pip counts for me.

109.6....Why 109.6? I can't really see any fundamental reason to stop at 109.6. Any ideas?
  • #49,484
  • Oct 30, 2014 2:03pm Oct 30, 2014 2:03pm
I don't think 109.6 means anything
  • #49,485
  • Oct 30, 2014 4:28pm Oct 30, 2014 4:28pm
well its not so much on price settling exactly at 55 or 60 but rather an in between where i have my TP at
and depending on the situation i might choose to cancel my TP and let it continue
  • #49,486
  • Oct 30, 2014 6:28pm Oct 30, 2014 6:28pm
Quoting Alstre
well its not so much on price settling exactly at 55 or 60 but rather an in between where i have my TP at and depending on the situation i might choose to cancel my TP and let it continue
theres news coming soon... hope you have a tight stop loss
  • #49,487
  • Oct 30, 2014 7:06pm Oct 30, 2014 7:06pm
Quoting Vermillion
{quote} Right, but that's the end of the year expectation. I'm expecting an opportunity to reload short term longs by the time we approach 110. I'm trading intraday, so every pip counts for me. 109.6....Why 109.6? I can't really see any fundamental reason to stop at 109.6. Any ideas?
why not just reload from the previous broken resistance? if this breaks through 400 and gets to 800 then starts to retrace, as long as data is good, a reload would be decent at the previous resistance now turned support, the correction is done i believe ( as long as data stays good of course) and it was a good one,

i said in beginning of month that this correction was needed before the feds meeting because if not, then the price would go wayyyy to high tooo fast, i was right
  • #49,488
  • Oct 30, 2014 11:47pm Oct 30, 2014 11:47pm
Hello, 110, my old friend.
  • #49,489
  • Oct 30, 2014 11:50pm Oct 30, 2014 11:50pm
112 is highly possible now......sit tight.
  • #49,490
  • Oct 30, 2014 11:53pm Oct 30, 2014 11:53pm
Quoting DonaldPump
Hello, 110, my old friend.
what im missin, 00;44 = all calm no volume, 00;45 the hells breaks loose, any data at that moment?
the "Monetary Policy Statement" wasnt even there
  • #49,491
  • Oct 30, 2014 11:55pm Oct 30, 2014 11:55pm
Quoting pipBlast
{quote} what im missin, 00;44 = all calm no volume, 00;45 the hells breaks loose, any data at that moment?
BoJ expanded easing by 10 trillion yen.
  • #49,492
  • Oct 31, 2014 12:01am Oct 31, 2014 12:01am
Last time we had a statement like this we jumped 1000 pips. Any thoughts?
  • #49,493
  • Oct 31, 2014 12:03am Oct 31, 2014 12:03am
Quoting DonaldPump
{quote} BoJ expanded easing by 10 trillion yen.
yep ty, i guees i need to be faster on the F5 key

w/e this has been fun since wednesday the Sky is the limit? right but...when do we close?
  • #49,494
  • Oct 31, 2014 12:03am Oct 31, 2014 12:03am
Quoting DonaldPump
{quote} BoJ expanded easing by 10 trillion yen.
To late now.
  • #49,495
  • Oct 31, 2014 12:10am Oct 31, 2014 12:10am
its 2008 again!
Attached Image (click to enlarge)
Click to Enlarge Name: sky is the limit.jpg Size: 152 KB
  • #49,496
  • Oct 31, 2014 12:11am Oct 31, 2014 12:11am
Quoting irongoose
{quote} To late now.
Not for me

Quoting DonaldPump
This is going to 110+ by the end of the week if the Fed maintains the status quo and BoJ decides to ease further.
  • #49,497
  • Oct 31, 2014 12:19am Oct 31, 2014 12:19am
One thing that I hate about JPY is that everything is tentative. I don't know if it's FF who just can't get a time or the BoJ just chooses to be so elusive. So annoying if you are trading. You never know when the bomb is going to hit.
Make your losses in demo. Earn your profits live.
  • #49,498
  • Oct 31, 2014 12:22am Oct 31, 2014 12:22am
Well I didn't even know this announcement was coming as I am a PAT styled trader so I feel quite silly for missing a glorious move. Any advice on catching or anticipating moves like this? Any words of wisdom so I can add another tool to help me survive?!! I am an intermediate trader but never really used news much though!
  • #49,499
  • Oct 31, 2014 12:24am Oct 31, 2014 12:24am
good pips good profit this week,

  • #49,500
  • Oct 31, 2014 12:24am Oct 31, 2014 12:24am
Quoting irongoose
{quote} To late now.
it is not late. it may be the start of a year end run for usd/jpy
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