USD/JPY Discussion | Page 2559 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #51,161
  • Nov 20, 2014 9:06pm Nov 20, 2014 9:06pm
Quoting smash1820
{quote} 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.
yeah and theres also people who have $100's of millions of dollars and eat out of gold goblets. If you can find me a retail trader who held a position from 110 in 2008 until now with ATLEAST 1 lot i'll never post here again.

that wouldn't be investing that would be stupidity.
  • #51,162
  • Nov 20, 2014 9:06pm Nov 20, 2014 9:06pm
Quoting thegmann
{quote} 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.
be nice, peace and kindness brothers....

it is easy to mis-communicate on these boards... I am sure no one meant anything by it...
  • #51,163
  • Nov 20, 2014 9:08pm Nov 20, 2014 9:08pm
Quoting smash1820
{quote} 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.
no harm or need to apologize - I got what you were saying...
  • #51,164
  • Nov 20, 2014 9:11pm Nov 20, 2014 9:11pm
Quoting poseikwame
well lower diet in JPY parliament is getting desolved in an hour by Abe!! Hope he doesn't say anything wild!!...
Maybe he says something to give us a push to 120?
Good luck and may the odds be ever in your favor!
  • #51,165
  • Nov 20, 2014 9:25pm Nov 20, 2014 9:25pm
Daddy would love to see 120
  • #51,166
  • Nov 20, 2014 9:30pm Nov 20, 2014 9:30pm
tokyo back from lunch... lets load it up bullls!!
  • #51,167
  • Nov 20, 2014 9:35pm Nov 20, 2014 9:35pm
Quoting poseikwame
tokyo back from lunch... lets load it up bullls!!
Bad Idea
  • #51,168
  • Nov 20, 2014 9:37pm Nov 20, 2014 9:37pm
This thing is about to make a big move!
Good luck and may the odds be ever in your favor!
  • #51,169
  • Nov 20, 2014 9:38pm Nov 20, 2014 9:38pm
Quoting x58
{quote} Bad Idea
well one thing i have noticed about this pair is always a major drop during japan lunch time and then it re gains after...
  • #51,170
  • Nov 20, 2014 9:51pm Nov 20, 2014 9:51pm
H1 chart

Looks to me that current price is a good entry for a short. Price is retesting broken support.

I have a bias today toward JPY strength especially against USD and CAD
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.png Size: 21 KB
  • #51,171
  • Edited 10:42pm Nov 20, 2014 10:07pm | Edited 10:42pm
UJ climbed in a rising wedge and broke nominal resistance at 117.8/118. It then proceeded to break over multi-week ( 2-3 years) resistance at 118.3/4. Upon reaching 119 it hit (at least) 300 month resistance, at which place it is not terribly surprising that it at least 'reacted'.

It now descends out of that wedge and any close now under 117.8 ish and 117.2 would have it falling over time (with bounces) to at least the bottom of the wedge around 116 first (probably with a really good bounce) then 113 ish. Any future loss of 112/113 may see it complete a deeper retracement.

Recovery back over 117.8/9 AND 118.4 are needed to get it back up again.
  • #51,172
  • Nov 20, 2014 10:13pm Nov 20, 2014 10:13pm
Next 10 - 12 hours USDJPY will slowly go South. North and more South.
  • #51,173
  • Nov 20, 2014 10:16pm Nov 20, 2014 10:16pm
Quoting x58
Next 10 - 12 hours USDJPY will slowly go South. North and more South.

Shhhh Please just shhhh
  • #51,174
  • Nov 20, 2014 10:28pm Nov 20, 2014 10:28pm
Quoting Rizmeister
{quote} Shhhh Please just shhhh
hahah tell me about it!! people are just blowing hot air now... what happened to technicals... guess it's been thrown outta the window now for guess work
  • #51,175
  • Nov 20, 2014 10:47pm Nov 20, 2014 10:47pm
Quoting poseikwame
hahah tell me about it!! people are just blowing hot air now... what happened to technicals... guess it's been thrown outta the window now for guess work
Technicals say the retracement is now finished, and the overall (bullish) trend has resumed.

IE: go long, with a focus on 4H. When that maxes, go short again.

PS: I am the master of technicals. Long from 117.50.
Please check out my blog at https://from-zero-to-hero . net
  • #51,176
  • Nov 20, 2014 10:47pm Nov 20, 2014 10:47pm
I am about to throw my pc out of the window can't believe what I see...
hoping people didn't lose to much .
  • #51,177
  • Nov 20, 2014 10:48pm Nov 20, 2014 10:48pm
Quoting Mpt
UJ climbed in a rising wedge and broke nominal resistance at 117.8/118. It then proceeded to break over multi-week ( 2-3 years) resistance at 118.3/4. Upon reaching 119 it hit (at least) 300 month resistance, at which place it is not terribly surprising that it at least 'reacted'. It now descends out of that wedge and any close now under 117.8 ish and 117.2 would have it falling over time (with bounces) to at least the bottom of the wedge around 116 first (probably with a really good bounce) then 113 ish. Any future loss of 112/113 may see it complete...
Mpt, after all this time, you should know by now that UJ is not going to hit those levels.
Please check out my blog at https://from-zero-to-hero . net
  • #51,178
  • Nov 20, 2014 10:53pm Nov 20, 2014 10:53pm
again nobody knows shit, and everybody is write at the same time. It will hit 115 and also it will hit 120. 117 and also 118. But timming is everything. so if you don't know when, you know nothing. Unless you trade to make 1% per yer, than timming also wont matter that much. The more people take positions, the more reasons the market will go against it just enough. It can be some stupid comment , or whatever BS they need as excuse to move the price where they want. I still think its possible to bit the market. Interesting quest. No wonder why only 10% of small traders make some money. Simple as that.
  • #51,179
  • Nov 20, 2014 10:58pm Nov 20, 2014 10:58pm
Quoting erisilva
again nobody knows shit, and everybody is write at the same time. It will hit 115 and also it will hit 120. 117 and also 118. But timming is everything. so if you don't know when, you know nothing. Unless you trade to make 1% per yer, than timming also wont matter that much. The more people take positions, the more reasons the market will go against it just enough. It can be some stupid comment , or whatever BS they need as excuse to move the price where they want. I still think its possible to bit the market. Interesting quest. No wonder why only...
Inlight as, tell as, teach as. I am so happy we have that kind smart people like you. You are the mastermind.
  • #51,180
  • Nov 20, 2014 11:08pm Nov 20, 2014 11:08pm
Quoting smash1820
{quote} Mpt, after all this time, you should know by now that UJ is not going to hit those levels.
Why not?

Crazier things have happened.

Remember all those people calling for 113/4 when $/¥ was 110. Dropped back to 106. Of course they were right in the long run however.

What if Abe is ousted? what if Kuroda and his mad as batshit QQE extension loses support?

*as of writing (literally) Nikkei rallies 200 points, UJ up 50 ish pips.. LOL).

But hey, anything is possible.
Corripe Cervisiam!
54 traders viewing now