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USD/JPY Discussion

  • #51,841
  • Nov 27, 2014 6:58am Nov 27, 2014 6:58am
Apparently opecs decision has an effect on uj!
Good luck and may the odds be ever in your favor!
  • #51,842
  • Nov 27, 2014 7:01am Nov 27, 2014 7:01am
yeah its bouncing off the support line
  • #51,843
  • Nov 27, 2014 7:24am Nov 27, 2014 7:24am
Bulls clinging onto life
  • #51,844
  • Nov 27, 2014 7:50am Nov 27, 2014 7:50am
Quoting dbutton1990
{quote} Key areas to note here if we break 117.45

.50 level is 117.22

.618 level is 116.81 .

786 level is 116.32

100% level is at 115.46

If we break below 115.46 we would be in a reversal. This scenario is highly unlikely unless a major event took place. The .382 level has already been hit at 117.60 and that's why we're currently in consolidation. It's trying to figure out what it wants to do! If 117.45 breaks, I would short and target 116.81 as the .618 always has a high percentage of being hit in my past experience. Based on what I'm...
Very nice bull run off off the .50 level! Let's see if we can manage to to break above this consolidation now!
Good luck and may the odds be ever in your favor!
  • #51,845
  • Nov 27, 2014 7:52am Nov 27, 2014 7:52am
what will happen to hold or close. please suggest still -55$ going..
  • #51,846
  • Nov 27, 2014 7:55am Nov 27, 2014 7:55am
Quoting vidhyaking
what will happen to hold or close. please suggest still -55$ going..
Are you short or long?
Good luck and may the odds be ever in your favor!
  • #51,847
  • Nov 27, 2014 8:19am Nov 27, 2014 8:19am
I would not suggest being short...

Carved out a low and its time to get a new high IMO
  • #51,848
  • Nov 27, 2014 8:23am Nov 27, 2014 8:23am
Quoting Rizmeister
I would not suggest being short... Carved out a low and its time to get a new high IMO
We need to break above 118.20 to kill this downtrend!
Attached Image (click to enlarge)
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Good luck and may the odds be ever in your favor!
  • #51,849
  • Nov 27, 2014 8:29am Nov 27, 2014 8:29am
SELL OIL!! FOR QUICK BUCK!! 65 target!!
  • #51,850
  • Nov 27, 2014 8:29am Nov 27, 2014 8:29am
Quoting poseikwame
SELL OIL!! FOR QUICK BUCK!! 65 target!!
  • #51,851
  • Nov 27, 2014 8:37am Nov 27, 2014 8:37am
Quoting dbutton1990
{quote} Are you short or long?
i am about -$40 entry price is 118.095 wiht lot size 0.18.. what to do now
  • #51,852
  • Nov 27, 2014 8:41am Nov 27, 2014 8:41am
Sold USDJPY @117.85 with SL @118 and open TP.
Money never sleeps I can hear the dollar calling me
  • #51,853
  • Nov 27, 2014 8:58am Nov 27, 2014 8:58am
Quoting shivam332
Sold USDJPY @117.85 with SL @118 and open TP.
Not a bad trade
  • #51,854
  • Nov 27, 2014 9:14am Nov 27, 2014 9:14am
Meh...we are almost out of the cloud on 4 hr and emas are shifting upward...
  • #51,855
  • Nov 27, 2014 10:27am Nov 27, 2014 10:27am
Quoting vidhyaking
{quote} i am about -$40 entry price is 118.095 wiht lot size 0.18.. what to do now
hold
Good luck and may the odds be ever in your favor!
  • #51,856
  • Nov 27, 2014 10:34am Nov 27, 2014 10:34am
I expect another dip to 117.45ish area, which is good for a bullish move. If it continues up from here, I don't have confidence in how far it can go. I'd feel better if it dipped, then took off...

Edit: dip could be 117.40-60ish
  • #51,857
  • Nov 27, 2014 10:41am Nov 27, 2014 10:41am
Quoting benaiah
I expect another dip to 117.45ish area, which is good for a bullish move. If it continues up from here, I don't have confidence in how far it can go. I'd feel better if it dipped, then took off... Edit: dip could be 117.40-60ish
AB boundary on the 15 min for this current up move is between 117.42 and 117.89 with the .382 at 117.71, the .50 at 117.65, the .618 at 117.60 and the .786 at 117.53. Right now it appears we are bouncing off the .382. A move up would be awesome from here! But on the downside don't rule out a retracement to the .618 or the .786. The 1.618 D extension is at 118.17 which would put us right at the current down trend line. See chart for reference.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 127 KB
Good luck and may the odds be ever in your favor!
  • #51,858
  • Nov 27, 2014 10:44am Nov 27, 2014 10:44am
4H Chart:
abc correction complete?
Cheers, U2
Attached Image (click to enlarge)
Click to Enlarge Name: 141127 4H[1] USDJPY.png Size: 75 KB
Wait, or you will be slaughtered!
  • #51,859
  • Nov 27, 2014 11:14am Nov 27, 2014 11:14am
Quoting dbutton1990
{quote} AB boundary on the 15 min for this current up move is between 117.42 and 117.89 with the .382 at 117.71, the .50 at 117.65, the .618 at 117.60 and the .786 at 117.53. Right now it appears we are bouncing off the .382. A move up would be awesome from here! But on the downside don't rule out a retracement to the .618 or the .786. The 1.618 D extension is at 118.17 which would put us right at the current down trend line. See chart for reference. {image}
okay, thanks for sharing. I think we are on the same side of trades quite often

Just not enough support at this level right now for me. Need it to retrace and reject 40-60 area... If no retrace or rejection, fine by me, it will just need to happen a little higher...
  • #51,860
  • Nov 27, 2014 11:27am Nov 27, 2014 11:27am
isn't this a nice wedge
Attached Image (click to enlarge)
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