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USD/JPY Discussion

  • #50,341
  • Nov 16, 2014 10:04pm Nov 16, 2014 10:04pm
Quoting NoCoolNick
{quote} This weeks first 4H candle should scare the living sh*t out of most ppl, it's as bearish as it almost can get, all the signs are in it. BUT it's always just a piece of a puzzle.. And just a tip, hows bull momentum versus bearmomentum even after a 150 pip drop? I see bearish divergences from top and continuation pattern for down on 1H, putting 115.50 at high risk. Right now I'm looking for min 114.80-115. If that goes, then there is plenty of room below. Just be careful as this sucker can be brutal when she gets started
I agree. I was very bullish on this pair until this evening. Im predicting a pull back and then a nice ride up to 120
Good luck and may the odds be ever in your favor!
  • #50,342
  • Nov 16, 2014 10:09pm Nov 16, 2014 10:09pm
Quoting benaiah
{quote} Do you really not know what else to say? Or maybe explain what your point is in responding to me?
? what crawled up your ass?

the pairs been in a perpetual uptrend the last year, heck look at the monthly since 2012. Hence "buy the pullbacks".
  • #50,343
  • Nov 16, 2014 10:11pm Nov 16, 2014 10:11pm
Quoting thegmann
{quote} ? what crawled up your ass?
Just asking what your point was. You just said you didn't know what else to say, and posted 3 charts. What is that supposed to mean? Am I supposed to read your mind? Just wondered what your point was. Let's keep it respectful.
  • #50,344
  • Nov 16, 2014 10:13pm Nov 16, 2014 10:13pm
Oanda order book soft climb in favor of longs 52.10% 52.06% Past 40 minutes. Forex Fairy I hope you took the call for the long trade. I'm mid-term bearish on this unit. But Steam is still camping in the pot. Right now you see many projecting over analysis. Less-Is-More

115.95 / 116.23
"Look Left Think Right"
  • #50,345
  • Nov 16, 2014 10:17pm Nov 16, 2014 10:17pm
Quoting benaiah
{quote} Just asking what your point was. You just said you didn't know what else to say, and posted 3 charts. What is that supposed to mean? Am I supposed to read your mind? Just wondered what your point was. Let's keep it respectful.
it was 3 charts showing the fact that this pair hasn't had any significant deviation in its uptrend. Hence the "I don't know what else to say" It's a metaphor for the charts speaking for themselves. Buy the pullback is all. It has been that way the last few years and very much so the last year/few months.
  • #50,346
  • Nov 16, 2014 10:23pm Nov 16, 2014 10:23pm
Quoting thegmann
{quote} it was 3 charts showing the fact that this pair hasn't had any significant deviation in its uptrend. Hence the "I don't know what else to say" It's a metaphor for the charts speaking for themselves. Buy the pullback is all. It has been that way the last few years and very much so the last year/few months.
Okay, no problem. I understand your intent was to let the charts speak. I just couldn't hear them. Maybe turn up the volume on dem things eh?

Ha ha, relax. My point in responding to you originally was that I feel the same thing is true regarding other pairs. I've traded many of them, and some times I feel like I know exactly where the price will go, and can trade blindfolded (metaphor). Then all of the sudden, they become harder to read. As any trader knows, one of the challenges in trading is only trading when you have a clear picture of where you think price will go.

Anyway, that's just my opinion. And you have yours. If you think it only applies to USDJPY, Again, no problem.
  • #50,347
  • Nov 16, 2014 10:25pm Nov 16, 2014 10:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 159 KB


nice strong pullback, see base here

added to longs
  • #50,348
  • Nov 16, 2014 10:27pm Nov 16, 2014 10:27pm
Quoting benaiah
{quote} Okay, no problem. I understand your intent was to let the charts speak. I just couldn't hear them. Maybe turn up the volume on dem things eh? Ha ha, relax. My point in responding to you originally was that I feel the same thing is true regarding other pairs. I've traded many of them, and some times I feel like I know exactly where the price will go, and can trade blindfolded (metaphor). Then all of the sudden, they become harder to read. As any trader knows, one of the challenges in trading is only trading when you have a clear picture of...
I am relaxed what would make you think im not? Also when did I ever state USDJPY was the ONLY pair where a clear picture is established? Dunno whats your beef dude.
  • #50,349
  • Nov 16, 2014 10:30pm Nov 16, 2014 10:30pm
Liam0530 I see your trading with Ameritrade. How do you like the spot fx non Comm. Entry / Exit action.

Ever get any latency? I have traded futures with them for several years same platform. Recently tested the spot fx found it a bit buggy..
"Look Left Think Right"
  • #50,350
  • Nov 16, 2014 10:32pm Nov 16, 2014 10:32pm
Quoting thegmann
{quote} I am relaxed what would make you think im not? Also when did I ever state USDJPY was the ONLY pair where a clear picture is established? Dunno whats your beef dude.
Don't have a beef. Just trying to understand your posts.

Your response included the statement "it really doesn't". So, I assumed you were disagreeing with me. If some some responds to something I post, and they say, "no it really doesn't". Then I wonder what are they saying?

Look I don't have an issue with anything, like I said. My post stated it applies to other pairs, your response says "no it really doesn't".

I mean come on, how am I supposed to understand that? But if you are saying you agree with me, then what does this mean "no it really doesn't". Explain please?

Again, I don't have a problem. Just trying to understand your posts.
  • #50,351
  • Nov 16, 2014 10:34pm Nov 16, 2014 10:34pm
Quoting CurrencyAnalyst
Liam0530 I see your trading with Ameritrade. How do you like the spot fx non Comm. Entry / Exit action. Ever get any latency? I have traded futures with them for several years same platform. Recently tested the spot fx found it a bit buggy..
i only use td ameri-trade for Think or swim charts... i prefer them over the mt4 charts (although i use those as well)

i trade with metatrader
  • #50,352
  • Nov 16, 2014 10:38pm Nov 16, 2014 10:38pm
Quoting benaiah
{quote} Don't have a beef. Just trying to understand your posts. Your response included the statement "it really doesn't". So, I assumed you were disagreeing with me. If some some responds to something I post, and they say, "no it really doesn't". Then I wonder what are they saying? Look I don't have an issue with anything, like I said. My post stated it applies to other pairs, your response says "no it really doesn't". I mean come on, how am I supposed to understand that? But if you are saying you agree with me, then what does this mean "no it...
I didn't even see the part about you saying other pairs. I was saying it really doesn't get any easier. I was agreeing with you talking about the profound statement and laughing about what I said while just showing a few charts to show the ease of trading it.
  • #50,353
  • Nov 16, 2014 10:42pm Nov 16, 2014 10:42pm
Quoting Liam0530
{quote} i only use td ameri-trade for Think or swim charts... i prefer them over the mt4 charts (although i use those as well) i trade with metatrader

TOS is a huge bountiful platform, actually too many toys. I use to use metatrader back in 2005-2008. I really wish they would enlarge the fonts so the numbers can be nice and big. It's probably the most well know trading application to spotfx traders. And a few futures / CFD ones as well. I collected a decades worth of indicators for mt4. Hows the action with it now days. It went thru a scandalous plugin phase a few years back.
"Look Left Think Right"
  • #50,354
  • Nov 16, 2014 10:45pm Nov 16, 2014 10:45pm
Quoting thegmann
{quote} I didn't even see the part about you saying other pairs. I was saying it really doesn't get any easier. I was agreeing with you talking about the profound statement and laughing about what I said while just showing a few charts to show the ease of trading it.


Ha ha, shows how easy it is to communicate on these boards

Seriously though, thanks for explaining. Communication is good, even if it takes a few tries
  • #50,355
  • Nov 16, 2014 10:58pm Nov 16, 2014 10:58pm
Quoting benaiah
{quote} Ha ha, shows how easy it is to communicate on these boards Seriously though, thanks for explaining. Communication is good, even if it takes a few tries
Attached Image
  • #50,356
  • Nov 16, 2014 11:04pm Nov 16, 2014 11:04pm
Quoting benaiah
{quote} Ha ha, shows how easy it is to communicate on these boards Seriously though, thanks for explaining. Communication is good, even if it takes a few tries
  • #50,357
  • Nov 16, 2014 11:04pm Nov 16, 2014 11:04pm
Oser, would you mind explaining... Oh, never mind
  • #50,358
  • Nov 16, 2014 11:15pm Nov 16, 2014 11:15pm
If Abe/BOJ delay the tax hike (it's looking like it will happen, soft GDP data favors a delay), then the Nikkei 225 will continue rising, dragging the yen down.
  • #50,359
  • Nov 16, 2014 11:24pm Nov 16, 2014 11:24pm
Quoting benaiah
{quote} I won't bet. I will GUARANTEE that price will go up or down.

Well will it go up or down then how can you choose both?

What if it stays there? DUH!!!
  • #50,360
  • Nov 16, 2014 11:26pm Nov 16, 2014 11:26pm
Quoting benaiah
{quote} Ha ha, shows how easy it is to communicate on these boards Seriously though, thanks for explaining. Communication is good, even if it takes a few tries


Of course it is. You don't actually learn anything at all. It's mostly punters that use some logic mostly by drawing lines that they call resistance, support levels, fib lvls and all that jazz then maybe 1 or 2 will post that they lost but they are usually in the minority. You will get mostly those that would be bragging oh i made x number of pips even had one guy post a screen shot of his trades in progress all in the green because he wouldn't be posting if they were in the red and even his total account size in monetary value was shown.
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