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USD/JPY Discussion

  • #51,261
  • Nov 21, 2014 9:57am Nov 21, 2014 9:57am
Quoting poseikwame
whos dumping the USD???
This question is screaming for a urmomma joke but I'll refrain from further trolling
  • #51,262
  • Nov 21, 2014 9:57am Nov 21, 2014 9:57am
Quoting poseikwame
whos dumping the USD???
Seems to be in a 50 pip range since last night....good buy opportunity here targeting 118
Good luck and may the odds be ever in your favor!
  • #51,263
  • Nov 21, 2014 10:02am Nov 21, 2014 10:02am
Quoting fxtradeabi
{quote} This question is screaming for a urmomma joke but I'll refrain from further trolling
stop being silly and just be a spectator...
  • #51,264
  • Nov 21, 2014 10:02am Nov 21, 2014 10:02am
Quoting poseikwame
whos dumping the USD???
Market conditions are fickle. ie moves snap like twigs. I don't think it is reflection of sentiment. Be very surprised if it moves any further down today (or tonight, for me).
  • #51,265
  • Nov 21, 2014 10:04am Nov 21, 2014 10:04am
Quoting poseikwame
{quote} stop being silly and just be a spectator...
vs the rational question of " whose dumping USD?"................... because this is relevant somehow.. For what's worth you and everyone else should be mere spectators now given the market's undecided instead of running around posing stupis ass questions and forecasts
  • #51,266
  • Nov 21, 2014 10:07am Nov 21, 2014 10:07am
Quoting nessus94
eurjpy weekly reversal/retrace. Its not the close yet, but its not good looking For usdjpy, the retrace could go further down. Too soon to say, but keep looking at it, weekly wants a retrace
Well guys, USDJPY sucks donkeys @ass after that pinbar on daily i took shorts on almost all jpy pairs as the pinbar could be seen on almost all of them. EURJPY and CHFJPY have made me tons today, GBPJPY not so bad and the worst is NZDJPY and AUDJPY as i still wait for the green on these, but to be honest, they did not have the pinbar but did look like they stalled so i took them anyway, stupid... AND USDJPY i have small gains on.. and still not in profit. Got busted so many times last two days on this sucker, but will stay short now (entry 117.69 sl 118.25). Will see if monday can print a new low, if not i will kick this off the tradinglist for a while..
I don't even have a cool signature
  • #51,267
  • Nov 21, 2014 10:15am Nov 21, 2014 10:15am
117.616 is immediate hurdle. After that, 118.29...
  • #51,268
  • Nov 21, 2014 10:18am Nov 21, 2014 10:18am
Quoting benaiah
117.616 is immediate hurdle. After that, 118.29...

true.

  • #51,269
  • Nov 21, 2014 10:19am Nov 21, 2014 10:19am
118.29 is key target that needs to be broken today. If it can't get above that, or somehow show it's ready to bust through it, I expect further ranging, or more downward movement next week.
  • #51,270
  • Nov 21, 2014 10:21am Nov 21, 2014 10:21am
Im long 117.5 we've tested it multiple times so far and its held. We'll see what happens holding this over the weekend
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  • #51,271
  • Nov 21, 2014 10:22am Nov 21, 2014 10:22am
Flat for the week end, i'll renew shorts near 119 is the opportunities occurs. Weekly is needing a retrace, i'll play that card

Does anyone have a JPY index chart? or know a broker with it ?
Make money by doing the opposite of Giveachance aka loser
  • #51,272
  • Nov 21, 2014 10:27am Nov 21, 2014 10:27am
Quoting nessus94
Flat for the week end, i'll renew shorts near 119 is the opportunities occurs. Weekly is needing a retrace, i'll play that card Does anyone have a JPY index chart? or know a broker with it ?
I have not found a broker with it yet. But i have using the link for the other currencies for a while

http://www.finviz.com/futures_charts.ashx?t=6J

EDIT: ALso you have the COT reports directly on charts there, and zooming out to weekly you will notice that net shorts are getting less on each cycle as USDJPY has been going up, so i would be careful calling higher targets without checking what the large specs are doing.
I don't even have a cool signature
  • #51,273
  • Nov 21, 2014 10:34am Nov 21, 2014 10:34am
Still totally not comfortable with short positions. Look at it now? Does it look like it's just dying to go lower?

Obviously anything is possible. But if you look at the H4 and daily charts, there is absolutely NO VOLATILITY. It is my opinion, that counter trend trades should only be considered when a trend becomes volatile.

Of course, if you are scalping, or watching your trades constantly ready to jump in and out every time the price sneezes, then maybe, and I know I've done that. But if you are holding for more than a few hours, beware of shorting this thing until it shows more volatility.

What are the chances you enter a short trade, and we finally get that big pull-back? Not likely.

Note the attached H1 chart. Again, obviously, all of this is only my opinion. Which channel do you think will prevail?

I hope everyone's trades work out...
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  • #51,274
  • Nov 21, 2014 10:35am Nov 21, 2014 10:35am
Quoting NoCoolNick
{quote} I have not found a broker with it yet. But i have using the link for the other currencies for a while http://www.finviz.com/futures_charts.ashx?t=6J EDIT: ALso you have the COT reports directly on charts there, and zooming out to weekly you will notice that net shorts are getting less on each cycle as USDJPY has been going up, so i would be careful calling higher targets without checking what the large specs are doing.
T

Thanks mate
Make money by doing the opposite of Giveachance aka loser
  • #51,275
  • Nov 21, 2014 10:36am Nov 21, 2014 10:36am
tough week. for the last 15 hours got caught twice in these sell-offs.
do not think the bottom will be tested again today. so still in buy mood.
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As Above, So Below
  • #51,276
  • Nov 21, 2014 10:41am Nov 21, 2014 10:41am
Quoting tashkent
tough week. for the last 15 hours got caught twice in these sell-offs.
Same boat for me too bro. Don't worry we'll come back!
Good luck and may the odds be ever in your favor!
  • #51,277
  • Nov 21, 2014 10:43am Nov 21, 2014 10:43am
Quoting benaiah
Still totally not comfortable with short positions. Look at it now? Does it look like it's just dying to go lower? Obviously anything is possible. But if you look at the H4 and daily charts, there is absolutely NO VOLATILITY. It is my opinion, that counter trend trades should only be considered when a trend becomes volatile. Of course, if you are scalping, or watching your trades constantly ready to jump in and out every time the price sneezes, then maybe, and I know I've done that. But if you are holding for more than a few hours, beware of shorting...
The trend is your friend until it bends!
Good luck and may the odds be ever in your favor!
  • #51,278
  • Edited 11:15am Nov 21, 2014 10:51am | Edited 11:15am
Quoting benaiah
Still totally not comfortable with short positions. Look at it now? Does it look like it's just dying to go lower? Obviously anything is possible. But if you look at the H4 and daily charts, there is absolutely NO VOLATILITY. It is my opinion, that counter trend trades should only be considered when a trend becomes volatile. Of course, if you are scalping, or watching your trades constantly ready to jump in and out every time the price sneezes, then maybe, and I know I've done that. But if you are holding for more than a few hours, beware of shorting...
It could very well jerk everyone around with prolonged sideways movement - perhaps into midweek. Personally, I don't think there's any substantial justification to going against this trend yet - esp given the reason you mentioned.
  • #51,279
  • Nov 21, 2014 10:54am Nov 21, 2014 10:54am
Quoting benaiah
Still totally not comfortable with short positions. Look at it now? Does it look like it's just dying to go lower? Obviously anything is possible. But if you look at the H4 and daily charts, there is absolutely NO VOLATILITY. It is my opinion, that counter trend trades should only be considered when a trend becomes volatile. Of course, if you are scalping, or watching your trades constantly ready to jump in and out every time the price sneezes, then maybe, and I know I've done that. But if you are holding for more than a few hours, beware of shorting...
This pair is making me pull my hair right now. Most of the jpy went flat a while ago, and USDJPY jumps.. if it passes 117.75 i will kill my shorts and close the UJ charts.. I just think the dollar is have way to high thoughts about it self.. it is not that strong!! I think ppl are getting tricked with this monkey and Net shorts have been descending for a while..
I don't even have a cool signature
  • #51,280
  • Nov 21, 2014 10:56am Nov 21, 2014 10:56am
Quoting NoCoolNick
{quote} This pair is making me pull my hair right now. Most of the jpy went flat a while ago, and USDJPY jumps.. if it passes 117.75 i will kill my shorts and close the UJ charts.. I just think the dollar is have way to high thoughts about it self.. it is not that strong!! I think ppl are getting tricked with this monkey and Net shorts have been descending for a while..
the JPY is really that weak is what it is.
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