USD/JPY Discussion | Page 2560 | 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

  • #51,181
  • Nov 20, 2014 11:08pm Nov 20, 2014 11:08pm
good words! all I'm saying is : I'll reach my goal maybe it won't happen today but I know I will! And till then I will not talk about going up or down. Because indeed erisilva! at this point I know shit! but I'll stick to my plan and that should be the job that we all should be doing on my opinion!

thanks !
  • #51,182
  • Nov 20, 2014 11:11pm Nov 20, 2014 11:11pm

'Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.'

As Above, So Below
  • #51,183
  • Nov 20, 2014 11:12pm Nov 20, 2014 11:12pm
USDJPY troubling to get back above 118.xx It appears as less risk on interest is lurking this session.
If indeed it can get above 118.xx this up trend should resume to at least 119.xx.

It's Friday as well some position squaring is taking place in Asia also as to be expected in the London Session.

It should remain a coin Toss for the U.S. session as they have no data releases to assist or deescalate this currency.

Notice the easy 10-20 pip eases it efforts to climb. This is a good indication of CAUTION with Longs.
"Look Left Think Right"
  • #51,184
  • Nov 20, 2014 11:17pm Nov 20, 2014 11:17pm
My advice remains the same: long until 4H maxes.

And to answer Paddlepips questions, my answer is simply, it would be reflected in the charts.
Please check out my blog at https://from-zero-to-hero . net
  • #51,185
  • Nov 20, 2014 11:30pm Nov 20, 2014 11:30pm
Quoting tashkent
'Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.'
And:

"The true sign of intelligence is not knowledge but imagination."

Aka... be a step ahead. I'm not saying short UJ though. Not yet

If these policies don't work...

Would one hesitate to have them undone? The possibility exists.

And perhaps partly true smash. However prices are backward looking even though we tell ourselves every day they point to future.

Case in point: No one knew of the recent BoJ QQE announcement and the effect was profound once announced. The opposite also would ring true. I know you're not a news man, but surprises exist, and sometimes technicals are caught unaware.

Again, not saying short it, but with Abe's pending election and Kuroda's thin support for this recent bout of QQE (not to mention Aso's concerns), one cannot take anything for granted.
Corripe Cervisiam!
  • #51,186
  • Nov 20, 2014 11:38pm Nov 20, 2014 11:38pm
this just looks like a nice pullback in this small channel on the 4 hr chart,

this retrace after a new high was the same as it has been doing after every new high since nov 4..

wouldnt say reversal just yet..
  • #51,187
  • Nov 20, 2014 11:39pm Nov 20, 2014 11:39pm
Looks to me like we are headed back to try and break above 118.29.

Since I took a break and came back, the scenery has developed such, that I'm seeing totally bullish bias on this thing on lower time frames.
  • #51,188
  • Nov 20, 2014 11:43pm Nov 20, 2014 11:43pm
Good Morning!

Today's S/R levels on MT4 Templates
Happy Friday everyone !

EURO
CABLE
AUDUSD
USDJPY
GOLD

http://www.forexfactory.com/showthre...75#post7888975

EURO PINK
CABLE PINK
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #51,189
  • Nov 20, 2014 11:49pm Nov 20, 2014 11:49pm
Quoting paddlepip
{quote} And:"The true sign of intelligence is not knowledge but imagination." Aka... be a step ahead. I'm not saying short UJ though. Not yet If these policies don't work... Would one hesitate to have them undone? The possibility exists. And perhaps partly true smash. However prices are backward looking even though we tell ourselves every day they point to future. Case in point: No one knew of the recent BoJ QQE announcement and the effect was profound once announced. The opposite also would ring true. I know you're not a news man, but surprises...
nothing is certain until it happens.
As Above, So Below
  • #51,190
  • Nov 20, 2014 11:50pm Nov 20, 2014 11:50pm
Quoting benaiah
Looks to me like we are headed back to try and break above 118.29. Since I took a break and came back, the scenery has developed such, that I'm seeing totally bullish bias on this thing on lower time frames.

Be that as it may, there's still 16 hours until the daily candle close. Given yesterday's candle on the D1, steaks might be on the menu for dinner.
  • #51,191
  • Nov 20, 2014 11:53pm Nov 20, 2014 11:53pm
If this ends up being a simple pull-back bounce off the 20 ema (as I anticipate it will), as has happened before, than the trend is even stronger than I thought. And probably stronger than anyone else thinks. Why?

Look at an H4 (NY close) chart and note the 3 times it has bounced of the 20 ema. The first time it dipped under for a few candles. The second time it bounced without dipping under it. This time it barely even touched it. YIKES!! this thing really wants to get up and go...

Only thing that would change my view is if we have an H4 close below the 20 ema again.

happy trading
  • #51,192
  • Nov 20, 2014 11:53pm Nov 20, 2014 11:53pm
Quoting Tarvold
{quote} Be that as it may, there's still 16 hours until the daily candle close. Given yesterday's candle on the D1, steaks might be on the menu for dinner.
I'm talking H4. Not sure what you mean?

edit: I see the NY daily candle, and it is bullish. It does have a long tail, but it is so close to the daily pivot, I don't see it as a rejection, but as a very strong attempt to go through resistance. We shall see...
  • #51,193
  • Nov 20, 2014 11:56pm Nov 20, 2014 11:56pm
Quoting Tarvold
{quote} Be that as it may, there's still 16 hours until the daily candle close. Given yesterday's candle on the D1, steaks might be on the menu for dinner.
Sorry, got ahead of myself and thought you were responding to different post...
  • #51,194
  • Nov 21, 2014 12:03am Nov 21, 2014 12:03am
Quoting smash1820
{quote} Mpt, after all this time, you should know by now that UJ is not going to hit those levels.
Sorry for the late reply - had to deal with a massive 2 metre long Eastern Brown snake trying to enter the study. Getting the dog under control was the first difficult job. Addressing my nerves was the second.

My answer is simply that I have presented some numbers that I believe to be more or less correct and that " we will see".

EDIT - when I use the term "close above" I refer to 4hr time frames only.
  • #51,195
  • Nov 21, 2014 12:04am Nov 21, 2014 12:04am
Okay, almost time for me to get some rest. But current bias for me is so totally bullish on H1 time frame and above, I wouldn't even think of shorting. I also do not see any "significant" drop below current level happening any time soon. My opinion is a bottom has formed at 117.35. But price will need to get through upward resistance, and start rejecting stuff, after it breaks out.

Breakout long in progress...

Edit:Again, easy way to gauge this trend, put a 20 ema on your NY close H4 chart. As long as H4 does not close below that 20 ema, it will not go down, and only go up. If it closes below 20 ema, it MIGHT go down further, but other factors would have to be considered, i.e. lower time frame bias, and resistance levels...
  • #51,196
  • Nov 21, 2014 12:13am Nov 21, 2014 12:13am
Quoting benaiah
Okay, almost time for me to get some rest. But current bias for me is so totally bullish on H1 time frame and above, I wouldn't even think of shorting. I also do not see any "significant" drop below current level happening any time soon. My opinion is a bottom has formed at 117.35. But price will need to get through upward resistance, and start rejecting stuff, after it breaks out. Breakout long in progress... Edit:Again, easy way to gauge this trend, put a 20 ema on your NY close H4 chart. As long as H4 does not close below that 20 ema, it will...
I don't use 20 EMA or any EMAs except for Bollinger Bands, but you are one hell of a trader, Benaiah. I think that's why I subscribe to you. Whether or not you know it, you'd make a great daytrader.

I also agree that a bottom has formed at 117.35. You could probably even throw in 117.70.
Please check out my blog at https://from-zero-to-hero . net
  • #51,197
  • Nov 21, 2014 12:16am Nov 21, 2014 12:16am
Quoting Mpt
Sorry for the late reply - had to deal with a massive 2 metre long Eastern Brown snake trying to enter the study. Getting the dog under control was the first difficult job. Addressing my nerves was the second. My answer is simply that I have presented some numbers that I believe to be more or less correct and that " we will see". EDIT - when I use the term "close above" I refer to 4hr time frames only.
Glad you got that snake under control!
Please check out my blog at https://from-zero-to-hero . net
  • #51,198
  • Nov 21, 2014 12:21am Nov 21, 2014 12:21am
Quoting tashkent
{quote} nothing is certain until it happens.
lol well said. That was one of his more obvious (and undoubtedly correct) statements.

Which brings us to another quote:

If the facts don't fit the theory, change the facts.

Problem is one can't change the facts here unless the theory works (weaker ¥ spurs their economy). If the theory has the opposite effect (seriously bad purchasing power which drags their economy), then the facts will deteriorate to an extent which beckons a change in theory. This is entirely possible.

Chicken or the egg?

Personally, I'm going with egg, although not now. If it isn't working (hasn't for decades in Japan), fix it. In due time. Until then, of course you're right, nothing is certain, and we should go with what is (print baby, print), and not what could be.
Corripe Cervisiam!
  • #51,199
  • Nov 21, 2014 12:21am Nov 21, 2014 12:21am
Quoting smash1820
{quote} Glad you got that snake under control!
It took off when I went to get a phone to take a photo, so may well be hiding just outside. I think I'll be staying inside for a while. It's only the second most venomous land snake in the world - one bite and you're often dead in less than 30 minutes - some people have been known to die within seconds. Friendly critter.
  • #51,200
  • Nov 21, 2014 12:24am Nov 21, 2014 12:24am
Quoting Mpt
It took off when I went to get a phone to take a photo, so may well be hiding just outside. I think I'll be staying inside for a while. It's only the second most venomous land snake in the world - one bite and you're often dead in less than 30 minutes - some people have been known to die within seconds. Friendly critter.
Please check out my blog at https://from-zero-to-hero . net
92 traders viewing now