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USD/JPY Discussion

  • #52,221
  • Dec 3, 2014 11:09am Dec 3, 2014 11:09am
Probably the Chinese. They have a pathological dislike for Japan.
  • #52,222
  • Dec 3, 2014 11:09am Dec 3, 2014 11:09am
Quoting timos
{quote} No one?? Maybe just markets doing it job? Have you seen monthly chart? I have as low as 147. On June 1994 it was 79 and oct 1996 147,does that mean Japan went out of business?
What are you talking about?? it rallied up prior to the news, worse the figures for labour costs was pretty bad among other stuff that came out today. This was no market doing it's job, more like market being manipulated to fit a certain criteria prolly for NFP.
  • #52,223
  • Dec 3, 2014 11:09am Dec 3, 2014 11:09am
anyone aiming at the follow-through right after the 120 barrier ?

maybe options from future markets starts squeezing out ?
  • #52,224
  • Dec 3, 2014 11:11am Dec 3, 2014 11:11am
lol
  • #52,225
  • Dec 3, 2014 11:12am Dec 3, 2014 11:12am
people are weird
when it keep going down - people are long and,
when it keep going up - people are short
  • #52,226
  • Dec 3, 2014 11:13am Dec 3, 2014 11:13am
Quoting fxtradeabi
{quote} What are you talking about?? it rallied up prior to the news, worse the figures for labour costs was pretty bad among other stuff that came out today. This was no market doing it's job, more like market being manipulated to fit a certain criteria prolly for NFP.
How many times have you seen price to give a f**k about the news?
Do you remember when nzd ,few months ago increased rates to 3.75% ? What happened after that?
  • #52,227
  • Dec 3, 2014 11:16am Dec 3, 2014 11:16am
Run! Bear is roaring!

Never forget the 19XX Gold, never make it 2000
  • #52,228
  • Dec 3, 2014 11:16am Dec 3, 2014 11:16am
Its just not gonna burst to 120 but should grind its way up. Now at the 120 price level who knows what will happen! Could bring fireworks baby!
  • #52,229
  • Dec 3, 2014 11:16am Dec 3, 2014 11:16am
Quoting timos
{quote} How many times have you seen price to give a f**k about the news? Do you remember when nzd ,few months ago increased rates to 3.75% ? What happened after that?
Clearly it didn't give a fuck did it? so what explains the rally up ? fibs and Resistance and support? Nobody is saying it wasn't gonna break 119 and head for 120 or whatever, there wasn't much in the way to stop it either way but the rally up today was a whee bit early, kinda drastic suggesting that it was manipulated gearing up something else possibly NFP or possibly a huge drop, who knows.
  • #52,230
  • Dec 3, 2014 11:17am Dec 3, 2014 11:17am
Come on 120!!!
Good luck and may the odds be ever in your favor!
  • #52,231
  • Dec 3, 2014 11:18am Dec 3, 2014 11:18am
Quoting fxtradeabi
{quote} Clearly it didn't give a fuck did it? so what explains the rally up ? fibs and Resistance and support? Nobody is saying it wasn't gonna break 119 and head for 120 or whatever, there wasn't much in the way to stop it either way but the rally up today was a whee bit early, kinda drastic suggesting that it was manipulated gearing up something else possibly NFP or possibly a huge drop, who knows.
Simple conclusion,follow the price and don't give a f@@k what news and others say! Simple as that
  • #52,232
  • Dec 3, 2014 11:19am Dec 3, 2014 11:19am
Quoting timos
{quote} Simple conclusion,follow the price and don't give a f@@k what news and others say! Simple as that
Easier said than done and this was no market doing it's job. Yeah fucking ignore fundamentals, that'll do you a ton of good.
  • #52,233
  • Dec 3, 2014 11:19am Dec 3, 2014 11:19am
This bubble raises odds of natural disaster in Japan and /or global tragedy. That is if market can't correct yen weakness itself.
I buy when value is cheap and sell when value is high.
  • #52,234
  • Dec 3, 2014 11:24am Dec 3, 2014 11:24am
Quoting fxtradeabi
{quote} Easier said than done and this was no market doing it's job. Yeah fucking ignore fundamentals, that'll do you a ton of good.
If it was easy,i wouldn't be here at this moment but somewhere in Bora Bora
  • #52,235
  • Dec 3, 2014 11:25am Dec 3, 2014 11:25am
Quoting timos
{quote} If it was easy,i wouldn't be here at this moment but somewhere in Bora Bora
Right and you won't see no Bora Bora for a long time to come if you ignore fundamentals but goodluck with that whole " follow the price and don't give a f@@k what news and others say " lol ace strategy, gold star for you brah
  • #52,236
  • Dec 3, 2014 12:37pm Dec 3, 2014 12:37pm
We clear this level and we are golden all the way up to 121...That's where previous support can become future resistance. I'm still long on this pair targeting the level of 121. I would expect to hit this level tomorrow or Friday. A scenario is that we get a push up to 121 and then we fall hard. Keep a look out!
Good luck and may the odds be ever in your favor!
  • #52,237
  • Dec 3, 2014 12:50pm Dec 3, 2014 12:50pm
I might be mistaken, but I keep the hopes for 123.0 level. At least that's what my pricy-scatches show As usual, correct me if I am wrong. As someone said, history likes to repeat.

If it is going to drop, its going to drop tomorrow in a block around 24h from now.
  • #52,238
  • Dec 3, 2014 12:52pm Dec 3, 2014 12:52pm
[quote=DailyChart;7917382]people are weird when it keep going go down - people are long and, when it keep going up - people are short[/quote

And they get mad either way....
  • #52,239
  • Dec 3, 2014 12:55pm Dec 3, 2014 12:55pm
Quoting fxtradeabi
{quote} Clearly it didn't give a fuck did it? so what explains the rally up ? fibs and Resistance and support? Nobody is saying it wasn't gonna break 119 and head for 120 or whatever, there wasn't much in the way to stop it either way but the rally up today was a whee bit early, kinda drastic suggesting that it was manipulated gearing up something else possibly NFP or possibly a huge drop, who knows.
There is no WHY in trading. It took me 2 yrs to learn it and still learning.
  • #52,240
  • Dec 3, 2014 1:09pm Dec 3, 2014 1:09pm
Quoting atx_sonu
{quote} There is no WHY in trading. It took me 2 yrs to learn it and still learning.
Exactly. My advantage is, I don't really care why the price moves. I only care IF, When, and Which direction
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