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USD/JPY Discussion

  • #50,201
  • Nov 13, 2014 7:26pm Nov 13, 2014 7:26pm
today's tp is 116.50
don't find the correct answer in market. just feel it and follow the wave.
  • #50,202
  • Nov 13, 2014 7:27pm Nov 13, 2014 7:27pm
Quoting fxtradeabi
{quote} no way, staying out till its predictable, this is a gamble right now.
this past week hasnt been predictable? look closer, this has been a scalpers paradise, (i dont scalp) but i have been all week since after the run up to 115

buy on dips, hasnt changed

every dip down is followed by a push back up leaving a nice long wick......
  • #50,203
  • Nov 13, 2014 7:31pm Nov 13, 2014 7:31pm
off topic but i must say trade of the week was gbp usd ....
  • #50,204
  • Nov 13, 2014 7:32pm Nov 13, 2014 7:32pm
Don't forget the HFT Rigs semi idle at the sidelines waiting for a small handful of decent sell orders, These rigs are owned by the players of the players. They know all the little retail people have been massaged and conditioned with all the repetitive mini cycle swings Up-Some-More then small pull back to floor! It starts to make trading look super easy. Then BLAM! It Tanks.! Most everybody here as well as everywhere else is trading these swing ups.
"Look Left Think Right"
  • #50,205
  • Nov 13, 2014 7:36pm Nov 13, 2014 7:36pm
These next few candles will determine where we are headed....if we can get an hourly close above 116 that is a very good sign for the bulls. Anything else and I would say it's possible that we are headed lower for the evening.
Good luck and may the odds be ever in your favor!
  • #50,206
  • Nov 13, 2014 7:39pm Nov 13, 2014 7:39pm
Quoting dbutton1990
These next few candles will determine where we are headed....if we can get an hourly close above 116 that is a very good sign for the bulls. Anything else and I would say it's possible that we are headed lower for the evening.
i agree

just the big boys moving price around after this consolidation period

i have to say im noticing a very nice pattern...
  • #50,207
  • Nov 13, 2014 7:51pm Nov 13, 2014 7:51pm
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funky 2 candles

oh check this out
http://mainichi.jp/english/english/n...na003000c.html
  • #50,208
  • Nov 13, 2014 8:04pm Nov 13, 2014 8:04pm
Note that the trendline has held....for now
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Good luck and may the odds be ever in your favor!
  • #50,209
  • Nov 13, 2014 8:33pm Nov 13, 2014 8:33pm
anyone on this thread know if its possible to change chart color on metatrader 4 mobile app for android? i do it from my iphone fine, but just got a tablet and cannot seem to change the damn color or anything on the chart period..... thanks
  • #50,210
  • Nov 13, 2014 8:54pm Nov 13, 2014 8:54pm
Android gets the watered down version seems always. I have not found a way myself. Touched clicked all over no success.
"Look Left Think Right"
  • #50,211
  • Nov 13, 2014 9:29pm Nov 13, 2014 9:29pm
Quoting Liam0530
{quote} lol thats a strong statement, even with more QE? and US data coming in better showing signs of raising interest rates sooner then later? plus possible tax hike push back to next year from BoJ? you dont see 117? thats 80 pips away the medium term target in next month or so is 120... imo
if USD/JPY goes to 120 s&p will tank. US company earnings will be hit for 6 months to 1 year and we will go back to 2011-12 kind of earnings. I have seen these rallies fade rapidly and right now the only thing supporting the japanese is US data coming in positive. I expect US data to turn anytime now and that can trap many people.
  • #50,212
  • Nov 13, 2014 9:30pm Nov 13, 2014 9:30pm
Quoting CurrencyAnalyst
Don't forget the HFT Rigs semi idle at the sidelines waiting for a small handful of decent sell orders, These rigs are owned by the players of the players. They know all the little retail people have been massaged and conditioned with all the repetitive mini cycle swings Up-Some-More then small pull back to floor! It starts to make trading look super easy. Then BLAM! It Tanks.! Most everybody here as well as everywhere else is trading these swing ups.
yes I know what are you saying. most of the people over here follow the trend rule which they read in textbooks. but in reality it is much more difficult to follows. even techs are not programmed to go one sided for months. also every tech has a lifetime.
  • #50,213
  • Nov 13, 2014 10:22pm Nov 13, 2014 10:22pm
Quoting giveachance
{quote} yes I know what are you saying. most of the people over here follow the trend rule which they read in textbooks. but in reality it is much more difficult to follows. even techs are not programmed to go one sided for months. also every tech has a lifetime.
I have been shorting the USDJPY on these runs as This thing is super hot, and if it were hot by itself that would be a different animal. But this run up is on book cooking and dream drones. Most traders would not touch a short the past few weeks on this monster. It takes precise action and patience and has worked very well. I'm just waiting for one of the entries to crank down strong just as soon as one of the political lug nuts drop a turd in this punch bowl.
"Look Left Think Right"
  • #50,214
  • Nov 13, 2014 10:27pm Nov 13, 2014 10:27pm
Quoting CurrencyAnalyst
{quote} I have been shorting the USDJPY on these runs as This thing is super hot, and if it were hot by itself that would be a different animal. But this run up is on book cooking and dream drones. Most traders would not touch a short the past few weeks on this monster. It takes precise action and patience and has worked very well. I'm just waiting for one of the entries to crank down strong just as soon as one of the political lug nuts drop a turd in this punch bowl.
you have to be very, VERY precise to short this pair .. so big ups to you in being able to do that

i havent shorted this once in 3 months, i just buy on dips ..
  • #50,215
  • Nov 13, 2014 10:33pm Nov 13, 2014 10:33pm
116.xx Seems the Bulldogs are a bit timid around the mark. It's becoming a cozy rest spot. Awaiting a talking head to dig up some ancient article to spur the brethren back to buying.
"Look Left Think Right"
  • #50,216
  • Nov 13, 2014 11:45pm Nov 13, 2014 11:45pm
Doing a slow crawl to 117 today?
  • #50,217
  • Nov 13, 2014 11:46pm Nov 13, 2014 11:46pm
Quoting Dest_unknown
Out at 116.1 and looking for a pull back to about 115.85 to re-enter long. If it doesn't make it back 115.85 then a strong break of 116.20 and Ill probably go long again.
Now I almost wish I had followed through on this call. Instead I took the short in the E/U wedge break formation. Both good plays, I just hope the E/U play I took gets more pips than U/J or i'll feel a little salty LOL
  • #50,218
  • Nov 14, 2014 12:34am Nov 14, 2014 12:34am
Selling 116.28

SL 117
TP 110
  • #50,219
  • Nov 14, 2014 12:37am Nov 14, 2014 12:37am
Quoting slk
Selling 116.28 SL 117 TP 110
That makes entirely too much sense to be a rational decision in these markets.

  • #50,220
  • Nov 14, 2014 12:49am Nov 14, 2014 12:49am
Gidday YEN

Yeah a retrace would be nasty

Yen bus is pretty full

Just need to go we bit higher 116.6 to 117+

But so much talk about higher levels etc

See what happens before close
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