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USD/JPY Discussion

  • #50,281
  • Nov 16, 2014 7:26pm Nov 16, 2014 7:26pm
Quoting thegmann
hoping this can get back to 116 to reload
Nice call!
Good luck and may the odds be ever in your favor!
  • #50,282
  • Nov 16, 2014 7:28pm Nov 16, 2014 7:28pm
Quoting dbutton1990
{quote} Nice call!
thanks got back in looking towards 118 now stop at break even if it dips back below 116 ill load even more but I see it up from here.
  • #50,283
  • Nov 16, 2014 7:35pm Nov 16, 2014 7:35pm
Keep Loading.. This is the end of bull run.
Down it goes to 113
  • #50,284
  • Nov 16, 2014 7:38pm Nov 16, 2014 7:38pm
Quoting poseikwame
{quote} UJ 117 broken... now enroute to 120
Turbulance .. enroute to 113
  • #50,285
  • Nov 16, 2014 7:40pm Nov 16, 2014 7:40pm
dark cloud cover on 1 hour bearish engulfing on 4 hour target the gap at 112.500 then reload for 120
  • #50,286
  • Nov 16, 2014 7:40pm Nov 16, 2014 7:40pm
lol... are you caught in short? be calm!!! just cut your short position fast
Equities open and promptly sell off
  • #50,287
  • Nov 16, 2014 7:41pm Nov 16, 2014 7:41pm
You guys dare to go long despite warning 1, friday, and now warning 2? Two sharp selloffs usually makes me wake up and look at things..
I don't even have a cool signature
  • #50,288
  • Nov 16, 2014 7:41pm Nov 16, 2014 7:41pm
Quoting rk1111
{quote} Turbulance .. enroute to 113
don't think well see 113 this year although itd be nice.
  • #50,289
  • Nov 16, 2014 7:42pm Nov 16, 2014 7:42pm
This is why you buy at highs and short at lows, logic dictates USD strength, price has other ideas. I have a breakout order at 107 ish
  • #50,290
  • Edited 7:43pm Nov 16, 2014 7:43pm | Edited 7:43pm
100 SMA holding support 30M Chart. Steady as she goes here. Breach Support 115.72 Remember this thing is top heavy. Grab with confidence.
On the up swing 116.40
"Look Left Think Right"
  • #50,291
  • Nov 16, 2014 7:49pm Nov 16, 2014 7:49pm
These are the support levels I am watching. To me with today's announcement something has shifted which may mean yen strength for at least today. I am leaning toward buying yen today especially if I see price breaking these support levels.

H1 chart
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 28 KB
  • #50,292
  • Nov 16, 2014 7:49pm Nov 16, 2014 7:49pm
Quoting Vermillion
{quote} Not just that. I think the USD as a whole is gearing for a boost in pairs with clear long term trends. The EUR/USD is pushing up sky high (by Friday intraday standards) with virtually no fundamentals to support it; with med-term outlook still looking bearish as are most firms. (~1.2000 in the coming few months). One thing's for sure: When we have good U.S. data and an unexpected down in performance for Japan's Q3 only for the USD/JPY to go down, you can bet it'll go up even higher. The question is, should I load a long at 116/116.1? Or should...
fundamentally this has nowhere to go but up

these sell offs are just to keep price a bit down before data pushes this up more and more, so there just dropping this down to add balance...
why else does data come in bad for the yen but this pair drops? control, control and balance is needed, same as the euro

as long as data remains the same, US data comes in as it has been, this is and will continue to be a bullish pair... not to mention on tuesday possible BoJ press conference delaying the tax hike which would really send this to 118...

tread carefully, buying on dips, (im preferably doing small targets, 30 to 60 pips)

im long again already at 116.3, ill add a fresh long at 115.5 if it hits
  • #50,293
  • Nov 16, 2014 7:53pm Nov 16, 2014 7:53pm
Nothing exciting yet. Simply at the 50% retracement of the last upswing.

Good place to go long or short with tight SL. Should be a nice move from here. You decide which way you want to go...

But watch the price...
  • #50,294
  • Nov 16, 2014 8:00pm Nov 16, 2014 8:00pm
Think fellow traders this has nothing to do with data right now, what is old is new again. were in the shallow market segment Sunday U.S.- Pre London / Monday Asia.

This is system on system with a few waders. Profit taking on automatic orders from Fridays close is plausible. Would not think too much risk to the down side just yet but capable of a flash dip hard pull up. That would trigger fear from various directions and warped response action. Maybe a someone will dig up an old news piece to rehash that swaddles this turd North before sunrise in the West.
"Look Left Think Right"
  • #50,295
  • Nov 16, 2014 8:09pm Nov 16, 2014 8:09pm
Quoting Liam0530
{quote} fundamentally this has nowhere to go but up these sell offs are just to keep price a bit down before data pushes this up more and more, so there just dropping this down to add balance... why else does data come in bad for the yen but this pair drops? control, control and balance is needed, same as the euro as long as data remains the same, US data comes in as it has been, this is and will continue to be a bullish pair... not to mention on tuesday possible BoJ press conference delaying the tax hike which would really send this to 118... tread...

what will you do when it's under 113?

deposit new bankroll?
  • #50,296
  • Nov 16, 2014 8:10pm Nov 16, 2014 8:10pm
Well I just opened a fortune cookie with the following message: "You will have a chance soon to make a profitable transaction." It just doesn't specify who will be profitable in that transaction :-(
  • #50,297
  • Nov 16, 2014 8:12pm Nov 16, 2014 8:12pm
Next Stop 115.60
  • #50,298
  • Nov 16, 2014 8:13pm Nov 16, 2014 8:13pm
Key here is volatility... if market volatility increases across the board, this pair is screwed.

would be eye opening to see a 300 pip day...
Build good relationships with others.
  • #50,299
  • Nov 16, 2014 8:17pm Nov 16, 2014 8:17pm
Quoting kashirin
{quote} what will you do when it's under 113? deposit new bankroll?
this isnt going to 113 anytime soon

BUT if, IF, goes that low is just another chance to reload some more
  • #50,300
  • Nov 16, 2014 8:19pm Nov 16, 2014 8:19pm
Quoting Liam0530
{quote} this isnt going to 113 anytime soon BUT if, IF, goes that low is just another chance to reload some more
Careful of huge losses here... the problem with such carry trades is the hidden tail risk...
Build good relationships with others.
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