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USD/JPY Discussion

  • #51,761
  • Nov 26, 2014 7:08pm Nov 26, 2014 7:08pm
kissing 117.5, about to take off?
  • #51,762
  • Nov 26, 2014 7:08pm Nov 26, 2014 7:08pm
Quoting Rizmeister
{quote} Lol tash...you make no sense everything posted is accurate and based off key levels and prior highs and lows...actually the basics to be honest nothing fancy. I look for PA at certain levels plain and simple. (part of it) the rest is a secret PS. You should elaborate on your statement and thought instead of sounding like a buffoon.


keep it cool dude
As Above, So Below
  • #51,763
  • Nov 26, 2014 7:15pm Nov 26, 2014 7:15pm
Quoting jops
kissing 117.5, about to take off?
A retest of 118.50 is likely by the end of the week if we dont break lower
Good luck and may the odds be ever in your favor!
  • #51,764
  • Nov 26, 2014 7:17pm Nov 26, 2014 7:17pm
Quoting dbutton1990
{quote} A retest of 118.50 is likely by the end of the week if we dont break lower



Time is running out bears
  • #51,765
  • Nov 26, 2014 7:25pm Nov 26, 2014 7:25pm
It's the ole 8 bottom bounce. Where the price bounces 8 times before finally resuming the trend. See it all the time.

We're up from here. Let's see if we can leave this level behind.

Bulls aren't letting it come down as far each time, though. The angle is not enough to be any sort of trend line. It's more like just establishing that, "hey this is the bottom, and we're not letting it go lower" kind of thing...
  • #51,766
  • Nov 26, 2014 7:27pm Nov 26, 2014 7:27pm
Quoting benaiah
It's the ole 8 bottom bounce. Where the price bounces 8 times before finally resuming the trend. See it all the time. We're up from here. Let's see if we can leave this level behind. Bulls aren't letting it come down as far each time, though. The angle is not enough to be any sort of trend line. It's more like just establishing that, "hey this is the bottom, and we're not letting it go lower" kind of thing...

I agree buddy. Many don't agree with us....I DON'T SEE HOW THATS POSSIBLE! Baffles me.
  • #51,767
  • Nov 26, 2014 7:29pm Nov 26, 2014 7:29pm
Quoting benaiah
It's the ole 8 bottom bounce. Where the price bounces 8 times before finally resuming the trend. See it all the time. We're up from here. Let's see if we can leave this level behind. Bulls aren't letting it come down as far each time, though. The angle is not enough to be any sort of trend line. It's more like just establishing that, "hey this is the bottom, and we're not letting it go lower" kind of thing...
Good luck and may the odds be ever in your favor!
  • #51,768
  • Nov 26, 2014 7:39pm Nov 26, 2014 7:39pm
Quoting dbutton1990
{quote}

I see you drawing down with me
  • #51,769
  • Nov 26, 2014 7:48pm Nov 26, 2014 7:48pm
Quoting Rizmeister
{quote} I see you drawing down with me
Yes sir!
Good luck and may the odds be ever in your favor!
  • #51,770
  • Nov 26, 2014 7:55pm Nov 26, 2014 7:55pm
Quoting tashkent
reading all these posts i am losing my hope in humanity
  • #51,771
  • Nov 26, 2014 8:16pm Nov 26, 2014 8:16pm
do u guys think that the upcoming election will cause the yen to gain strength?
  • #51,772
  • Nov 26, 2014 8:33pm Nov 26, 2014 8:33pm
Quoting benaiah
It's the ole 8 bottom bounce. Where the price bounces 8 times before finally resuming the trend. See it all the time. We're up from here. Let's see if we can leave this level behind. Bulls aren't letting it come down as far each time, though. The angle is not enough to be any sort of trend line. It's more like just establishing that, "hey this is the bottom, and we're not letting it go lower" kind of thing...

AGREED , holding strong at this level....
  • #51,773
  • Nov 26, 2014 8:41pm Nov 26, 2014 8:41pm
It has also become very clear to me that price is breaking out long from a falling wedge on H4, H1, and lower time frames, bouncing off the bottom formation at the weekly pivot, bouncing off the bottom of the channel it's been moving in on H4, bouncing off the 8 ema on the daily chart, bouncing off the bottom of the bollinger band lower band (100 sma) on the M5, M15, M30, and H1 charts, reversal patterns on M1, M5, M15, M30

But too bad I can't see any confluence for a decisive move up... (sarcasm)

Edit: Not to mention the fib levels that have found support
Edit2: Can you tell I'm tired of waiting for this thing to move?
Edit3: And how could I forget the 8 bottom bounce formation
  • #51,774
  • Nov 26, 2014 8:58pm Nov 26, 2014 8:58pm
Quoting benaiah
It has also become very clear to me that price is breaking out long from a falling wedge on H4, H1, and lower time frames, bouncing off the bottom formation at the weekly pivot, bouncing off the bottom of the channel it's been moving in on H4, bouncing off the 8 ema on the daily chart, bouncing off the bottom of the bollinger band lower band (100 sma) on the M5, M15, M30, and H1 charts, reversal patterns on M1, M5, M15, M30 But too bad I can't see any confluence for a decisive move up... (sarcasm) Edit: Not to mention the fib levels that have found...
  • #51,775
  • Nov 26, 2014 9:17pm Nov 26, 2014 9:17pm
Quoting benaiah
It has also become very clear to me that price is breaking out long from a falling wedge on H4, H1, and lower time frames, bouncing off the bottom formation at the weekly pivot, bouncing off the bottom of the channel it's been moving in on H4, bouncing off the 8 ema on the daily chart, bouncing off the bottom of the bollinger band lower band (100 sma) on the M5, M15, M30, and H1 charts, reversal patterns on M1, M5, M15, M30 But too bad I can't see any confluence for a decisive move up... (sarcasm) Edit: Not to mention the fib levels that have found...

anytime now...
Good luck and may the odds be ever in your favor!
  • #51,776
  • Nov 26, 2014 9:18pm Nov 26, 2014 9:18pm
Daily CurrencySlopeStrength

jpy getting stronger (sharply) - yellow line

usd getting weaker - red line
Attached Image (click to enlarge)
Click to Enlarge Name: css.jpg Size: 121 KB
  • #51,777
  • Nov 26, 2014 9:25pm Nov 26, 2014 9:25pm
Quoting PoundTrader
i been short since 118.38 but i must admit im a little shaky right now i was looking at being up by at least 100 pips by now i have my t/p at 116.38 for 200 pips, it's just not breaking the way i seen it earlier
close my short at 117.53 for 85 pipss this pair is moving slower then i thought
  • #51,778
  • Nov 26, 2014 9:36pm Nov 26, 2014 9:36pm
The rules this week are exactly the same as for last week.

Under 117.3 and 117, it's in a retracement, probably to at least 115 and maybe 113x. Note that it is now embedded in the 4hr ichimoku cloud - so it either rejects VERY soon, or travels to the bottom at 116x.

Hold right about here, it tries for a new high - and the true believers are finally at ease.

Simple.
  • #51,779
  • Nov 26, 2014 9:38pm Nov 26, 2014 9:38pm
Quoting Mpt
The rules this week are exactly the same as for last week. Under 117.3 and 117, it's in a retracement, probably to at least 115 and maybe 113x. Note that it is now embedded in the 4hr ichimoku cloud - so it either rejects VERY soon, or travels to the bottom at 116x. Hold right about here, it tries for a new high - and the true believers are finally at ease. Simple.
Agreed
  • #51,780
  • Nov 26, 2014 9:43pm Nov 26, 2014 9:43pm
Ut oh triangle breached!! ahhh lets see this could drop hard
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