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USD/JPY Discussion

  • #52,141
  • Dec 2, 2014 1:16pm Dec 2, 2014 1:16pm
Quoting eliteincome
{quote} Gidday I got a short at 118.6 TO 117 Longs opened up to high 119+ an few through to 120+ in case it keeps going thinking EUR/US bounce due which may drag it down for a bit
I had been in a long position since 117.40 with a target of 120.40. But this chart just doesn't sit right with me at the moment...

As the guys above are doing... I am banking on the possibility that 119.27 is a top and risking few pips. If this does indeed turn south without making a new high, my target would be 115.00
  • #52,142
  • Dec 2, 2014 1:53pm Dec 2, 2014 1:53pm
UJ long ????
Attached Image
  • #52,143
  • Dec 2, 2014 2:05pm Dec 2, 2014 2:05pm
Quoting Trader221
Re-trying a short again at 119.20... I just can't resist
Same.
  • #52,144
  • Dec 2, 2014 2:14pm Dec 2, 2014 2:14pm
This chart screams nothing but bulls. There is a slight chance we could go down and test the morning star, but US data would have to be pretty bad to drive it back down that low!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 150 KB
Good luck and may the odds be ever in your favor!
  • #52,145
  • Dec 2, 2014 2:30pm Dec 2, 2014 2:30pm
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.
Yesterday bull was clear. 4h candle was telling us a story.We should know how to read signs.

Attached Image (click to enlarge)
Click to Enlarge Name: 2-12-2014 10-25-36 ovv.png Size: 63 KB
  • #52,146
  • Dec 2, 2014 2:31pm Dec 2, 2014 2:31pm
USD/JPY Option Barrier sighted 120.XX region stalling the battle. Assumed expiry for end of trading week.

Euro/Dollar building momentum confidence upward bias increasing. Dollar puffed up and oil too cheap many producers unsettling, Greeder's Complaining!

Expect currency upset, Propaganda is undertone of reality. Too much complacency over the yen devaluation, retail trading gluttony motivating a slip draw action.
"Look Left Think Right"
  • #52,147
  • Dec 2, 2014 2:46pm Dec 2, 2014 2:46pm
im short this pair 119.25 t/p 11
  • #52,148
  • Dec 2, 2014 2:56pm Dec 2, 2014 2:56pm
Quoting Panco
well-played on the long trades guys. I am still short but nevertheless good analysis.
Still short? How do you handle it psychologically? I would freak out already!
  • #52,149
  • Dec 2, 2014 3:46pm Dec 2, 2014 3:46pm
Good day traders!

A little slow right now, but I see nothing changed. Bull city all the way baby

And if you're worried about risk, tighten up that SL, as both GJ and UJ appear ready to break out long with tight consolidation on lower time frames...
  • #52,150
  • Dec 2, 2014 4:06pm Dec 2, 2014 4:06pm
Oanda USDJPY spread erratic.
"Look Left Think Right"
  • #52,151
  • Dec 2, 2014 4:35pm Dec 2, 2014 4:35pm
Quoting PoundTrader
im short this pair 119.25 t/p 11
im gonna bale on thise pair my time can be use more wisley on other pairs
  • #52,152
  • Dec 2, 2014 5:15pm Dec 2, 2014 5:15pm
I don't see why to short it before 122-124 zone.This zone is where i see some supply

Attached Image (click to enlarge)
Click to Enlarge Name: 3-12-2014 1-12-10 uj weekly.png Size: 46 KB
  • #52,153
  • Dec 2, 2014 6:02pm Dec 2, 2014 6:02pm
Quoting Ken A
{quote} I still have longs from much lower from current price - looking at price been holding at this level for the past 8 hrs is just too tempting
My long went limit out at 119.25 this morning, now wondering how/when to get back in long. Yen is a dead man walking.
  • #52,154
  • Dec 2, 2014 6:07pm Dec 2, 2014 6:07pm
Looking for UJ to find support/reject 119.126.

Also, look for EU to get smacked back down on it's little run up...
  • #52,155
  • Dec 2, 2014 6:19pm Dec 2, 2014 6:19pm
Quoting timos
I don't see why to short it before 122-124 zone.This zone is where i see some supply {image}
We're not all playing the weekly chart.
  • #52,156
  • Dec 2, 2014 6:39pm Dec 2, 2014 6:39pm
Quoting Panco
{quote} This is a very tight stop, good luck. I personally not too fond of such stops but I know many traders that do. I hope you didn't choose 10 pips because you over-leveraged...
No, just for trades like this at the very top of the range I look for reversals and set very tight stops in case it breaks out. Usually leverage 5:1, at most 10:1.
  • #52,157
  • Dec 2, 2014 6:44pm Dec 2, 2014 6:44pm
Quoting timos
I don't see why to short it before 122-124 zone.This zone is where i see some supply {image}
I agree, since there aren't really any supply zones to speak of on any time frame below weekly, unless new supply zone is formed at some point.

But I've also seen this pair blast through weekly supply zones too, so I'll be hesitant to short this pair until I see more volatility, like we had in October...
  • #52,158
  • Dec 2, 2014 7:06pm Dec 2, 2014 7:06pm
Oh man!!! 120 may be here soon!
Good luck and may the odds be ever in your favor!
  • #52,159
  • Dec 2, 2014 7:07pm Dec 2, 2014 7:07pm
Quoting dbutton1990
Oh man!!! 120 may be here soon!

Looking good! Could propel this to the moon too!!! I'd love to see it blast through and not look back!
  • #52,160
  • Dec 2, 2014 7:08pm Dec 2, 2014 7:08pm
Quoting Rizmeister
{quote} Looking good! Could propel this to the moon too!!! I'd love to see it blast through and not look back!
Im excited! This is the first time I've followed a pair correctly and stayed disciplined!
Good luck and may the odds be ever in your favor!
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