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USD/JPY Discussion

  • #51,141
  • Nov 20, 2014 8:41pm Nov 20, 2014 8:41pm
Quoting Rizmeister
I am heavy long on that!! With tight stops good risk
Maybe you should be heavy sideways or look for another currency
  • #51,142
  • Nov 20, 2014 8:41pm Nov 20, 2014 8:41pm
BTFD

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  • #51,143
  • Nov 20, 2014 8:47pm Nov 20, 2014 8:47pm
Quoting thegmann
dude no one that bought at 110 has been holding their position for over a year... that was like what 3 weeks ago?
First of all, you're wrong.

Second of all, take a look at my signature. I have been bullish on UJ and GJ for almost 12 months now. That's longer than anyone I know...

And ultimately, I have been super-bullish on Geppy ever since 140.

Also on UJ since 101.10.

Who you gonna call now?!? GHOSTBUSTERS?
Please check out my blog at https://from-zero-to-hero . net
  • #51,144
  • Nov 20, 2014 8:50pm Nov 20, 2014 8:50pm
By the way.... I had to laugh:

 

  1. The speed of yen weakening has been too fast
  2. Speed of FX changes has effects
  3. FX is up to the market, rates should be set by the market
  4. Sudden yen weakness or strength are unwelcome
  5. FY2020 primary budget surplus target has become more difficult

Uhhhh - so was that drop sudden enough?

  • #51,145
  • Nov 20, 2014 8:51pm Nov 20, 2014 8:51pm
Let me find my last post here... HOLD ON BRB... I will update this post in a MINUTE

Ok, HERE

Remember, I said:

Stochastic levels are approaching the OVERBOUGHT range on almost all time frames, and that means we could -- alternatively -- be in for a VERY FAST, and VERY SHARP retracement
Please check out my blog at https://from-zero-to-hero . net
  • #51,146
  • Nov 20, 2014 8:51pm Nov 20, 2014 8:51pm
Quoting thegmann
{quote} this is going back to touch 117 got out break even on this pending long I had sitting at 117.5 since yesterday might as well save the drawdown if I can. Pending long 117. I can hold to 115-114.5 if needed from there as well. Don't see this beaking 115 or it would start signaling a reversal which isn't gonna happen.

117 is the barrier I would say for this currency. If it goes down to 115, the downward momentum in itself can create a reversal. This currency cannot handle much of this type of stuff as is what is going on now.

You see if it goes down to 115, it will go down fast. You have to look at the long chart. You see an exponential curve building.

What happens when an exponential curve ends? So you see, either this will go up to 125-130 and continue the exponential curve, from 117, or never go up at all. That is what I think. But if it is going down to 115, this big exponential curve is broken.

How this currency has become exponential, is very dangerous, the big down will destroy economies everywhere.

This currency - usd/jpy mirrors the global situation, of cheap money and thus the exponential curve building.

If you can see this big picture, you will see that economic doom is coming.
  • #51,147
  • Nov 20, 2014 8:53pm Nov 20, 2014 8:53pm
I'm looking for a low volume retest of 117.50 on this candle for a long.
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  • #51,148
  • Nov 20, 2014 8:55pm Nov 20, 2014 8:55pm
Quoting KongMing
{quote} 117 is the barrier I would say for this currency. If it goes down to 115, the downward momentum in itself can create a reversal. This currency cannot handle much of this type of stuff as is what is going on now. You see if it goes down to 115, it will go down fast. You have to look at the long chart. You see an exponential curve building. What happens when an exponential curve ends? So you see, either this will go up to 125-130 and continue the exponential curve, from 117, or never go up at all. That is what I think. But if it is going down...

great comments my friend
As Above, So Below
  • #51,149
  • Nov 20, 2014 8:55pm Nov 20, 2014 8:55pm
Quoting smash1820
Stochastic levels are approaching the OVERBOUGHT range on almost all time frames, and that means we could -- alternatively -- be in for a VERY FAST, and VERY SHARP retracement
Just like I said
Please check out my blog at https://from-zero-to-hero . net
  • #51,150
  • Nov 20, 2014 8:55pm Nov 20, 2014 8:55pm
Quoting smash1820
{quote} First of all, you're wrong. Second of all, take a look at my signature. I have been bullish on UJ and GJ for almost 12 months now. That's longer than anyone I know... And ultimately, I have been super-bullish on Geppy ever since 140. Also on UJ since 101.10. Who you gonna call now?!? GHOSTBUSTERS?
? your saying you've been holding at 110 since 2008? that must of been one hell of a draw down...

101 is not 110 last time I checked lol what???

So 1st of all YOUR wrong broseph
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  • #51,151
  • Nov 20, 2014 8:56pm Nov 20, 2014 8:56pm
Quoting KongMing
{quote} 117 is the barrier I would say for this currency. If it goes down to 115, the downward momentum in itself can create a reversal. This currency cannot handle much of this type of stuff as is what is going on now. You see if it goes down to 115, it will go down fast. You have to look at the long chart. You see an exponential curve building. What happens when an exponential curve ends? So you see, either this will go up to 125-130 and continue the exponential curve, from 117, or never go up at all. That is what I think. But if it is going down...

Historically the Yen has always been weak, I remember when this pair was in the 140s and it wasn't economic doom for the global economy. Btw, I would love to see 130. haha
Yay! Pips for everyone!
  • #51,152
  • Nov 20, 2014 8:56pm Nov 20, 2014 8:56pm
Quoting thegmann
? your saying you've been holding at 110 since 2008? that must of been one hell of a draw down... {image}
No, I said I have been long (bullish) GJ since 140 and long UJ since 101.
Please check out my blog at https://from-zero-to-hero . net
  • #51,153
  • Nov 20, 2014 8:58pm Nov 20, 2014 8:58pm
Quoting smash1820
{quote} No, I said I have been long (bullish) GJ since 140 and long UJ since 101.
ok? If you read what I said I said that "NO ONE HAS BEEN HOLDING A POSITION FROM 110 FOR A YEAR" unless of course you bought in 2008. So I don't understand your post?

the dude said"And those that bought in at 110 can see everything wiped in a week, of what took a year to build."

That position would of taken 3 weeks to build. NOT over a year. unless you bought in 2008.

So I really don't know wtf your saying. Obviously people have bought in at lower levels but in order to have a 12 month+ position you need to have bought in UNDER 110
  • #51,154
  • Nov 20, 2014 9:00pm Nov 20, 2014 9:00pm
Quoting thegmann
{quote} ok? If you read what I said I said that "NO ONE HAS BEEN HOLDING A POSITION FROM 110 FOR A YEAR" unless of course you bought in 2008. So I don't understand your post?

I think he is talking about what his bias has been - bullish -
  • #51,155
  • Nov 20, 2014 9:01pm Nov 20, 2014 9:01pm
interesting that on the H4 chart just looks like a minor pull back to 20 ema.
If current H4 candle closes strongly bullish might just continue on its merry way to 124

Just a thought...
  • #51,156
  • Nov 20, 2014 9:02pm Nov 20, 2014 9:02pm
well lower diet in JPY parliament is getting desolved in an hour by Abe!! Hope he doesn't say anything wild!!...
  • #51,157
  • Nov 20, 2014 9:02pm Nov 20, 2014 9:02pm
Quoting Oser
I think he is talking about what his bias has been - bullish -
Yes, you are right. I was referring to my bias. Sorry, I should have clarified.

However, there ARE people who have held since 110 and probably much longer than that. It's called investing.
Please check out my blog at https://from-zero-to-hero . net
  • #51,158
  • Nov 20, 2014 9:03pm Nov 20, 2014 9:03pm
Quoting Oser
{quote} I think he is talking about what his bias has been - bullish -
lol that has nothing to do with what I was responding to or saying. He just says some bs about YOUR wrong and some GHOSTBUSTERS nonsense lol... guess his reading comprehension was a little off.
  • #51,159
  • Nov 20, 2014 9:04pm Nov 20, 2014 9:04pm
Quoting smash1820
{quote} No, I said I have been long (bullish) GJ since 140 and long UJ since 101.
nice... ive also been long since 102.. back in beginning of august i think it was, been buying dips ever since.. cha ching.
  • #51,160
  • Nov 20, 2014 9:05pm Nov 20, 2014 9:05pm
Oanda Order Book Position ration Long Side 56.51% Highest ratio differential in a while. Looks like allot of longs are holding loses right now on the cant go wrong buy scheme, Also including the added new long positions here helping boost the number.
"Look Left Think Right"
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