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USD/JPY Discussion

  • #51,461
  • Nov 24, 2014 7:19pm Nov 24, 2014 7:19pm
Quoting Vermillion
{quote} I give you 3 options Option A: Don't start at 117.5. Reload at 117.4/117.3. The retracement has a very good chance of reaching those points if not beyond, and it's free 10/20 pips. Option B: Wait a bit more before reloading Option C: Reload a small long at the designated price, and reload more when price dips.
good insight, im watching how this builds... but i already am in option C

(as i type this i see a large wick forming on the hourly, hmm)

gotta love this pair
  • #51,462
  • Nov 24, 2014 7:27pm Nov 24, 2014 7:27pm
Quoting Vermillion
{quote} Retracement isn't over yet. Wait and see whether bulls will regain momentum. Until then, I don't think that statement is sound. I'd say we've a very good chance of breaking 119 within the week, and 120 is definately within range as well. the only concern would be the retracement, which could delay the bullish rise up by a day or two. HOWEVER, that day or two amounts to a lot of potentially lost profit-at least for me, an intraday trader.
Look at the one hour and note the reverse head and shoulders pattern!
Good luck and may the odds be ever in your favor!
  • #51,463
  • Nov 24, 2014 7:30pm Nov 24, 2014 7:30pm
With the election looming near, they need to be mindful on the speech tone. Losing parliamentary seats are the last thing they want.

Reading between lines, it is still about easing, easing, more easing..... 119 is not unrealistic, IMO.
  • #51,464
  • Nov 24, 2014 7:43pm Nov 24, 2014 7:43pm
Wanna form an inverted hammer candle on the 1h time......Good for bulls
  • #51,465
  • Nov 24, 2014 8:00pm Nov 24, 2014 8:00pm
What a beautiful close on that last candle
Good luck and may the odds be ever in your favor!
  • #51,466
  • Nov 24, 2014 8:07pm Nov 24, 2014 8:07pm
Quoting dbutton1990
What a beautiful close on that last candle
yhh hopefully the bulls refuel the jet quickly so we get airborne... getting boring now!!
  • #51,467
  • Nov 24, 2014 8:13pm Nov 24, 2014 8:13pm
Its a long 11 hour flight journey to New York opening.....expect turbulence along the way en-route to EUR.

Passengers are adviced to put on the safety belt till the all-clear light is lited up.
  • #51,468
  • Nov 24, 2014 8:21pm Nov 24, 2014 8:21pm
Quoting pohchuan
Its a long 11 hour flight journey to New York opening.....expect turbulence along the way en-route to EUR. Passengers are adviced to put on the safety belt till the all-clear light is lited up.
most important is we take off smoothly.. turbulence is understandable.. always part of the journey...
  • #51,469
  • Nov 24, 2014 8:49pm Nov 24, 2014 8:49pm
will this helpful?. the 118.50 target hit yesterday and now moving towards 115.97. please correct me if i'm wrong. I'm still learning

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  • #51,470
  • Nov 24, 2014 8:56pm Nov 24, 2014 8:56pm
In all honesty we haven't had a close above 118.3 on the daily in 4 days (well 3, 4 counting today). I wouldn't enter long here and if I was long i'd have my stops at BE. Trade Safe.
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  • #51,471
  • Nov 24, 2014 9:04pm Nov 24, 2014 9:04pm
Quoting csubbra
will this helpful?. the 118.50 target hit yesterday and now moving towards 115.97. please correct me if i'm wrong. I'm still learning {image}
well i think with BOJ news we will see more upside before... any down!!...
  • #51,472
  • Nov 24, 2014 9:09pm Nov 24, 2014 9:09pm
Quoting poseikwame
{quote} well i think with BOJ news we will see more upside before... any down!!...

Gotta love this pair.

Gotta shake off the retails prior to true move. We have seen it for weeks now...
  • #51,473
  • Nov 24, 2014 9:12pm Nov 24, 2014 9:12pm
Quoting Rizmeister
{quote} Gotta love this pair. Gotta shake off the retails prior to true move. We have seen it for weeks now...
one hell of a crazy pair... moves 100+ like it's on steroids!!... I need to come training with you on USDTRY!!
  • #51,474
  • Nov 24, 2014 9:14pm Nov 24, 2014 9:14pm
Quoting poseikwame
{quote} one hell of a crazy pair... moves 100+ like it's on steroids!!... I need to come training with you on USDTRY!!
Haha! Yeah haven't traded the USD/TRY since the vice president stepped into presidency. It was fun though. Huge moves. My platform provided pretty stable spreads too.
  • #51,475
  • Nov 24, 2014 9:19pm Nov 24, 2014 9:19pm
Quoting Rizmeister
{quote} Haha! Yeah haven't traded the USD/TRY since the vice president stepped into presidency. It was fun though. Huge moves. My platform provided pretty stable spreads too.
well i never touched that pair... will be good fo the experience cap!!
  • #51,476
  • Nov 24, 2014 9:24pm Nov 24, 2014 9:24pm
Quoting poseikwame
{quote} well i never touched that pair... will be good fo the experience cap!!

Wish I could link an explorer as well to show my success rates. I am not currently using Meta trader on my current trades... I tried to get my trades transferred to the platform but broker wouldn't do it. I would love to be more interactive with the community.
  • #51,477
  • Nov 24, 2014 9:35pm Nov 24, 2014 9:35pm
Quoting pohchuan
Its a long 11 hour flight journey to New York opening.....expect turbulence along the way en-route to EUR. Passengers are adviced to put on the safety belt till the all-clear light is lited up.
Nice analogy. Looks like strong supply in 118.40s followed by 118.70s, now being sold into seemingly strong demand in 117.60s.
Enter Signature
  • #51,478
  • Nov 24, 2014 9:45pm Nov 24, 2014 9:45pm
Look how wicky we are getting here...up move pending
Good luck and may the odds be ever in your favor!
  • #51,479
  • Nov 24, 2014 9:48pm Nov 24, 2014 9:48pm
Quoting dbutton1990
Look how wicky we are getting here...up move pending
Scalpers good opportunity here targeting 118.30
Good luck and may the odds be ever in your favor!
  • #51,480
  • Nov 24, 2014 10:13pm Nov 24, 2014 10:13pm
Harrow

Well whats the YEN up to

come back some.

We burst back to the high would be good

Already got enough longs in

Got hands full in the NZ pairs

Time to spend a few hours in the danger zone

The NZ Hobbits are after my pip bag:nerd:
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