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USD/JPY Discussion

  • #49,781
  • Nov 5, 2014 7:18am Nov 5, 2014 7:18am
ADP employment change came in better then forecasted, and a 20 pip sell off happens,

they're making sure this uptrend doesnt get too out of hand with more promising data rest of week
  • #49,782
  • Nov 5, 2014 7:36am Nov 5, 2014 7:36am
Quoting Liam0530
ADP employment change came in better then forecasted, and a 20 pip sell off happens, they're making sure this uptrend doesnt get too out of hand with more promising data rest of week
Was the 20 pips drop a flash in the pan?
  • #49,783
  • Nov 5, 2014 7:46am Nov 5, 2014 7:46am
Quoting pohchuan
{quote} Was the 20 pips drop a flash in the pan?
you mean as in a drop before up? yes it is (hasnt gone back up again but it will), just pushes us back a bit before the roar up north, but its funny watching it, the market movers, the controlling
  • #49,784
  • Nov 5, 2014 9:00am Nov 5, 2014 9:00am
115-11550 on the way... usd not getting weaker......
  • #49,785
  • Nov 5, 2014 9:13am Nov 5, 2014 9:13am
Quoting poseikwame
115-11550 on the way... usd not getting weaker......


I have my TP at 115.4
  • #49,786
  • Nov 5, 2014 9:17am Nov 5, 2014 9:17am
Quoting jayjb
{quote} I have my TP at 115.4
its enroute.. just stop clearing now then the rocket is launced
  • #49,787
  • Nov 5, 2014 9:30am Nov 5, 2014 9:30am
that would be lovely.
  • #49,788
  • Nov 5, 2014 9:48am Nov 5, 2014 9:48am
I hate these 40 pips drops mannnn!! Raise up!! where are the bears??
  • #49,789
  • Nov 5, 2014 10:02am Nov 5, 2014 10:02am
target for today done. probably time to test 114 -114 15
Attached Image (click to enlarge)
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  • #49,790
  • Nov 5, 2014 10:03am Nov 5, 2014 10:03am
Quoting Dano12
target for today done. probably time to test 114 -114 15 {image}
i think it's still going to inch higher before Asia open anyway... i doubt it;s going to go down!! UJ just doesn't have no breaks on it now!!
  • #49,791
  • Nov 5, 2014 10:07am Nov 5, 2014 10:07am
Quoting poseikwame
{quote} i think it's still going to inch higher before Asia open anyway... i doubt it;s going to go down!! UJ just doesn't have no breaks on it now!!
Wiped out a bunch of stops at the 4x level which happens to be one of my positions

Now left with one from 113.4
  • #49,792
  • Nov 5, 2014 10:20am Nov 5, 2014 10:20am
Quoting poseikwame
{quote} i think it's still going to inch higher before Asia open anyway... i doubt it;s going to go down!! UJ just doesn't have no breaks on it now!!
yes can do flat correction and new high 114 98 115 30 my two different visions for the D1 and H4 as wave 5 and can abc correction
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDJPY_H4.gif Size: 142 KB
  • #49,793
  • Nov 5, 2014 10:31am Nov 5, 2014 10:31am
Quoting Dano12
{quote} yes can do flat correction and new high 114 98 115 30 my two different visions for the D1 and H4 as wave 5 and can abc correction {image} {image}
hopefully its gonna recover from the fundamental craze and bounce back up now... hinting 116 if it break 115-11550 range
  • #49,794
  • Nov 5, 2014 10:41am Nov 5, 2014 10:41am
Quoting poseikwame
{quote} hopefully its gonna recover from the fundamental craze and bounce back up now... hinting 116 if it break 115-11550 range
I hope the Test 114 or something like it on GBP JPY H1
Attached Image (click to enlarge)
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  • #49,795
  • Nov 5, 2014 11:06am Nov 5, 2014 11:06am
yhh hopefully... how is everyone elses trade going?
  • #49,796
  • Nov 5, 2014 12:05pm Nov 5, 2014 12:05pm
115 ? Very likely. 120 ? Probably..but I am seeing an overabundance of bullish enthusiasm from retail traders, Reminds me of the year 2000 when I was living in Raleigh, NC and newly minted tech millionaires were popping up left and right. Only problem was they were "paper millionaires" and the only ones who actually saw great profits were those who sold. The greedy ones held onto their Cisco stock at $100 and truly believed it would become $200 and they would be 2x as rich !!...alas they thought the dot.com bull market would never hit a top and they sat and watched it steadily fall to $12. Long story short, at some point this bubble will pop and get ready for a hard ride down.
  • #49,797
  • Nov 5, 2014 12:31pm Nov 5, 2014 12:31pm
It can and will go higher. This is not a bubble. Read the news ffs.​
  • #49,798
  • Nov 5, 2014 12:38pm Nov 5, 2014 12:38pm
Quoting DonaldPump
It can and will go higher. This is not a bubble. Read the news ffs.​
I have no doubt it will go higher and I am still taking long positions. Just dispensing friendly advice to the youngsters with stars in their eyes..
  • #49,799
  • Nov 5, 2014 12:51pm Nov 5, 2014 12:51pm
And your advice is bad. You're telling people to sell during a fundamentally backed uptrend because you think it's comparable to the dot-com bubble. Would you have said the same thing during the rally from 75.00? Besides, retailers are net short, which, from a contrarian standpoint, implies continued gains.
  • #49,800
  • Nov 5, 2014 12:53pm Nov 5, 2014 12:53pm
I wouldn't want to enter any short positions in usd/jpy until it hits at least 117 to 120
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