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USD/JPY Discussion

  • #50,781
  • Nov 19, 2014 7:45pm Nov 19, 2014 7:45pm
Train leaving the 118 station very soon
Good luck and may the odds be ever in your favor!
  • #50,782
  • Nov 19, 2014 7:56pm Nov 19, 2014 7:56pm
Quoting dbutton1990
Train leaving the 118 station very soon
and headed north or south??
  • #50,783
  • Nov 19, 2014 7:57pm Nov 19, 2014 7:57pm
tsunami warning issued in tokyo!!
  • #50,784
  • Nov 19, 2014 7:58pm Nov 19, 2014 7:58pm
Quoting Oser
{quote} and headed north or south??
how is he suppose to say otherwise?... enroute 120
  • #50,785
  • Nov 19, 2014 8:00pm Nov 19, 2014 8:00pm
Quoting poseikwame
{quote} how is he suppose to say otherwise?... enroute 120
just curious what his sentiment is...

banked my longs and reloading more on the dips...

Attached Image (click to enlarge)
Click to Enlarge Name: long4.jpg Size: 324 KB
  • #50,786
  • Nov 19, 2014 8:01pm Nov 19, 2014 8:01pm
Quoting dbutton1990
Train leaving the 118 station very soon
Looks like Train stack on hill. Good it is not a Mountin.
  • #50,787
  • Nov 19, 2014 8:01pm Nov 19, 2014 8:01pm
Quoting Oser
{quote} and headed north or south??
North
Good luck and may the odds be ever in your favor!
  • #50,788
  • Edited 8:20pm Nov 19, 2014 8:03pm | Edited 8:20pm
30-40ish+ pip bull jump coming right up...

One more bounce off 118.13

Edit: OKay, maybe bounce off 118.06, but that's as low as I'll let it go
  • #50,789
  • Nov 19, 2014 8:03pm Nov 19, 2014 8:03pm
Quoting dbutton1990
{quote} North
Agree.
  • #50,790
  • Nov 19, 2014 8:05pm Nov 19, 2014 8:05pm
Quoting benaiah
30-40ish+ pip bull jump coming right up...
lets load it up babyy.....
  • #50,791
  • Nov 19, 2014 8:08pm Nov 19, 2014 8:08pm
Quoting dbutton1990
{quote} North
agreed - lets hope we are right...

http://www.zerohedge.com/news/2014-1...sh-7-year-lows

http://www.zerohedge.com/news/2014-0...hart-investors

Interesting reads if you've not caught them before.... once 120 is hit and broken, watch out!!!
  • #50,792
  • Edited 8:47pm Nov 19, 2014 8:36pm | Edited 8:47pm
The trend was 24 pips a day. Now is 4.6 pips an hour.

So realise the higher trend will not last, but will fall back to the longer trend, which at the moment is 116.50.

When this happens it will drop quickly. Just saying. This will be the first correction, before it tries again for 120, which then I think it will fail (but I might be wrong of course)

This is just my views.

At about 3 pm, I think there will be a battle for up or down (where it wedges - I do not know the Forex terminology for this - I call it wedge), this is where the present trend for the possible first correction to begin, if not, then it is going to go up to test 119.

http://s14.postimg.org/g5b8pdlv5/uj1.jpg
img upload
  • #50,793
  • Nov 19, 2014 8:37pm Nov 19, 2014 8:37pm
pair has no resistance. thats what happens when a central bank actively intervenes in a currency - throw out the textbook.

does it really matter what price usd/jpy is. whether its 140, or 150, its all controlled to be up every single day of the week.
  • #50,794
  • Nov 19, 2014 8:39pm Nov 19, 2014 8:39pm
Needs to clear 118.23-27 area, then we should see more bulls pile on...
  • #50,795
  • Nov 19, 2014 8:47pm Nov 19, 2014 8:47pm
Quoting benaiah
Needs to clear 118.23-27 area, then we should see more bulls pile on...
hopefully it does soon... those scalping shorts are pissing me off with the 10-20pip movements
  • #50,796
  • Nov 19, 2014 8:51pm Nov 19, 2014 8:51pm
Quoting poseikwame
{quote} hopefully it does soon... those scalping shorts are pissing me off with the 10-20pip movements
If it does bounce off 118.23-27 area, it's a buy at 118.06-12, and hold for the break out

Edit: Or if it comes back now to 118.06-12, still a buy
  • #50,797
  • Nov 19, 2014 8:56pm Nov 19, 2014 8:56pm
Well I have my sell stop below 117.70 just in case.
"The Public Sucks" - George Carlin
  • #50,798
  • Nov 19, 2014 8:59pm Nov 19, 2014 8:59pm
Quoting benaiah
{quote} If it does bounce off 118.23-27 area, it's a buy at 118.06-12, and hold for the break out Edit: Or if it comes back now to 118.06-12, still a buy
hahaha yes... Japan needs to come from break lets get that break by london open!!
  • #50,799
  • Nov 19, 2014 9:00pm Nov 19, 2014 9:00pm
As slow as thing is moving now, I think everyone went home except for 2 guys buying and selling back and forth...
  • #50,800
  • Nov 19, 2014 9:00pm Nov 19, 2014 9:00pm
Quoting benaiah
{quote} If it does bounce off 118.23-27 area, it's a buy at 118.06-12, and hold for the break out Edit: Or if it comes back now to 118.06-12, still a buy

agreed, frankly, I wouldn't mind if it dropped 100 pips to reload long even cheaper... I highly doubt it will go that far - but in the event that it does, I'll buy that too... I typically hold trades for days even weeks at a time so a drawn down doesn't bother me much when when eventually it is known that it will keep going higher....
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