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USD/JPY Discussion

  • #52,041
  • Dec 1, 2014 6:35am Dec 1, 2014 6:35am
Even after breaking the horizontal support of 118.50, the pair isn't likely to plunge more unless a daily close below 117.80.
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  • #52,042
  • Dec 1, 2014 8:24am Dec 1, 2014 8:24am
I think we're about to lose 118 guys
Good luck and may the odds be ever in your favor!
  • #52,043
  • Dec 1, 2014 8:28am Dec 1, 2014 8:28am
Quoting dbutton1990
I think we're about to lose 118 guys

Weak USD making $USDJPY tank. It broke through my add to longs zone but I´m still looking for a retest of this TL. If this breaks longs are gone
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  • #52,044
  • Dec 1, 2014 8:37am Dec 1, 2014 8:37am
Quoting ElonMusketee
{quote} Weak USD making $USDJPY tank. It broke through my add to longs zone but I´m still looking for a retest of this TL. If this breaks longs are gone {image}
Agreed
Good luck and may the odds be ever in your favor!
  • #52,045
  • Dec 1, 2014 8:38am Dec 1, 2014 8:38am
I want to see if i can hold shorts until 115,xx area. But its too soon to tell, h4 looks okay so far
COT: The precious data ignored
  • #52,046
  • Dec 1, 2014 8:42am Dec 1, 2014 8:42am
Waiting to buy at 108 next year..
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  • #52,047
  • Dec 1, 2014 8:45am Dec 1, 2014 8:45am
We have US data coming out in the next 20 minutes. If it's worse then expected, I would expect us to lose 118. I have a target set at 116.50 which is just above the .786 retracement of the most recent up move at 116.30. 115.46 is the number to watch for a reversal
Good luck and may the odds be ever in your favor!
  • #52,048
  • Dec 1, 2014 8:53am Dec 1, 2014 8:53am
Oh man...here it comes
Good luck and may the odds be ever in your favor!
  • #52,049
  • Dec 1, 2014 8:56am Dec 1, 2014 8:56am
Quoting Fx_Anil
Even after breaking the horizontal support of 118.50, the pair isn't likely to plunge more unless a daily close below 117.80. {image}
So.. even after breaking it isn't likely to plunge huh..
A 1 pip gain is better than a 1 pip loss.
  • #52,050
  • Dec 1, 2014 9:21am Dec 1, 2014 9:21am
Quoting dbutton1990
We have US data coming out in the next 20 minutes. If it's worse then expected, I would expect us to lose 118. I have a target set at 116.50 which is just above the .786 retracement of the most recent up move at 116.30. 115.46 is the number to watch for a reversal
Depending on daily close, we could finally have some retrace this week

115,45 is what i look at, but it has to break 116,30/60 on daily
COT: The precious data ignored
  • #52,051
  • Dec 1, 2014 9:21am Dec 1, 2014 9:21am
Good US data. Let's see what happens here. We bounced off the dtl again which is a good sign!
Good luck and may the odds be ever in your favor!
  • #52,052
  • Dec 1, 2014 9:45am Dec 1, 2014 9:45am
Quoting dbutton1990
Good US data. Let's see what happens here. We bounced off the dtl again which is a good sign!
S&P doesn't agree with the good US data so far.
COT: The precious data ignored
  • #52,053
  • Dec 1, 2014 10:13am Dec 1, 2014 10:13am
What concerns me as a bull is that nice up move at the end of last week was lost and we could not break above consolidation. What concerns me as a bear is this bounce off the backside of the most recent downward trendline. Fed members set to speak shortly. Maybe we will get a more clearer direction.
Good luck and may the odds be ever in your favor!
  • #52,054
  • Dec 1, 2014 10:20am Dec 1, 2014 10:20am
I am long,added another 1 long after the bull engulfing candle 1h.
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Will watch how this 1h candle close and decide for my last positions.My targets are 120 for these positions.
Don't be fooled from the lower timeframe,see weekly and monthly,not a single retrace yet.
  • #52,055
  • Dec 1, 2014 10:25am Dec 1, 2014 10:25am
Don't fight the fundies here...
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  • #52,056
  • Dec 1, 2014 10:27am Dec 1, 2014 10:27am
Quoting timos
I am long,added another 1 long after the bull engulfing candle 1h. {image} Will watch how this 1h candle close and decide for my last positions.My targets are 120 for these positions. Don't be fooled from the lower timeframe,see weekly and monthly,not a single retrace yet.
Nice entry here...I would set your stop 10-15 pips below that formation. I've seen it where it engulfs, and then it tanks!
Good luck and may the odds be ever in your favor!
  • #52,057
  • Dec 1, 2014 10:27am Dec 1, 2014 10:27am
Quoting shellsnail
Don't fight the fundies here...
How many times have you seen price move according to fundies???
  • #52,058
  • Dec 1, 2014 10:29am Dec 1, 2014 10:29am
Quoting timos
{quote} How many times have you seen price move according to fundies???
When there are huge 5 minute bars like today on the chart.
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  • #52,059
  • Dec 1, 2014 10:29am Dec 1, 2014 10:29am
Quoting dbutton1990
{quote} Nice entry here...I would set your stop 10-15 pips below that formation. I've seen it where it engulfs, and then it tanks!
Best entry would be at the low recentragle but i was afraid of news although price reacted well to that 1h dp (decision point) doji
  • #52,060
  • Dec 1, 2014 10:30am Dec 1, 2014 10:30am
Quoting shellsnail
{quote} When there are huge 5 minute bars like today on the chart.
I trade 1h and above mainly
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