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USD/JPY Discussion

  • #52,261
  • Dec 3, 2014 4:10pm Dec 3, 2014 4:10pm
Quoting smash1820
Swaps were calculated for the following day just 5 minutes ago. I think that is what Benaiah was referring to. A lot of brokers will shut down during this time because of volatility. Seems to be headed higher now though...
And we just experienced a *tiny* shakeout on the 1 minute chart. They are trying to hit your stops, fellas. Be extra careful here.
Please check out my blog at https://from-zero-to-hero . net
  • #52,262
  • Dec 3, 2014 4:21pm Dec 3, 2014 4:21pm
The more we RANGE, the more someone, somewhere (ie: a big player) is BUYING.
Please check out my blog at https://from-zero-to-hero . net
  • #52,263
  • Dec 3, 2014 4:22pm Dec 3, 2014 4:22pm
Quoting paka
{quote} Hmm... Why do you say next 30min? Can you explain? Do you mean Sydney market opening? All I see, from the price, the earliest would happen at approximately 4h mark and then possibly between 12-16h mark. I don't see anything happening within next 30min unless we count Aussie market opening.

Because watching the price, it appeared to me that it was ready to move. Can't explain it all in a single post. But it did happen, touched down on 119.74 (failed to fall through), and confirmed direction is up.

Not exactly the strong move I was hoping for, and still consolidating, but in terms of direction, it is still pointed upward. We'll see what it does from here...
  • #52,264
  • Dec 3, 2014 4:26pm Dec 3, 2014 4:26pm
Quoting benaiah
Because watching the price, it appeared to me that it was ready to move. Can't explain it all in a single post. But it did happen, touched down on 119.74 (failed to fall through), and confirmed direction is up. Not exactly the strong move I was hoping for, and still consolidating, but in terms of direction, it is still pointed upward. We'll see what it does from here...
They are running out of time. It's going to have to move very soon. Watch and expect a big and fast SPIKE UP.
Please check out my blog at https://from-zero-to-hero . net
  • #52,265
  • Dec 3, 2014 4:33pm Dec 3, 2014 4:33pm
Quoting smash1820
{quote} They are running out of time. It's going to have to move very soon. Watch and expect a big and fast SPIKE UP.
After 6 hours in a 8 point range any movement will be appreciated.
  • #52,266
  • Dec 3, 2014 4:38pm Dec 3, 2014 4:38pm
Quoting freundr
After 6 hours in a 8 point range any movement will be appreciated.
I agree. I think that's why they say "patience is a virtue".
Please check out my blog at https://from-zero-to-hero . net
  • #52,267
  • Dec 3, 2014 4:43pm Dec 3, 2014 4:43pm
I am trying to educate you all about how the market moves, and why. I think that's why they are fucking with this pair so bad. It should be up BIG TIME by now.

Whatever you do, do NOT sell once it hits 120. After a 6-8 hour range like this, it's going to move a hell of a lot more than just 20 pips.

Heck, I wouldn't even be surprised if one of those "big players" is sitting here on this thread, right now.
Please check out my blog at https://from-zero-to-hero . net
  • #52,268
  • Dec 3, 2014 4:53pm Dec 3, 2014 4:53pm
Quoting smash1820
I am trying to educate you all about how the market moves, and why. I think that's why they are fucking with this pair so bad. It should be up BIG TIME by now. Whatever you do, do NOT sell once it hits 120. After a 6-8 hour range like this, it's going to move a hell of a lot more than just 20 pips. Heck, I wouldn't even be surprised if one of those "big players" is sitting here on this thread, right now.

$USDJPY is inching closer to 120 which is a 61.8% Fib of the August 1998 high to October 2011 low, tough fight ON players might take profits here ahead of ECB
Scoobi doobi doo
  • #52,269
  • Dec 3, 2014 4:56pm Dec 3, 2014 4:56pm
Quoting smash1820
Whatever you do, do NOT sell once it hits 120.
Quoting smash1820
My plan now is to hold until it hits 120.
lol
  • #52,270
  • Dec 3, 2014 5:03pm Dec 3, 2014 5:03pm
Quoting DonaldPump
lol
Plans change. I don't live here on this thread or FF to update you guys wherever and whenever I make a change to my strategy, which is quite often. Surely, I hope you can understand that much?
Please check out my blog at https://from-zero-to-hero . net
  • #52,271
  • Dec 3, 2014 5:04pm Dec 3, 2014 5:04pm
Quoting smash1820
{quote} Plans change. I don't live here on this thread or FF to update you guys wherever and whenever I make a change to my strategy, which is quite often. Surely, you can understand that?
hey smash, howdy are you booking profits and jump again after 120 break?
Scoobi doobi doo
  • #52,272
  • Dec 3, 2014 5:09pm Dec 3, 2014 5:09pm
At a critical point right now short-term. EU showing some strength, bears need to slap it down, or could drag down UJ...
  • #52,273
  • Dec 3, 2014 5:10pm Dec 3, 2014 5:10pm
Quoting smash1820
{quote} Plans change. I don't live here on this thread or FF to update you guys wherever and whenever I make a change to my strategy, which is quite often. Surely, I hope you can understand that much?
All it tells me is that you have no more knowledge of the market than anyone else here. Your "education" is just speculation like everyone else's opinion, including mine.
  • #52,274
  • Dec 3, 2014 5:11pm Dec 3, 2014 5:11pm
Quoting Scoobidoobi
hey smash, howdy are you booking profits and jump again after 120 break?
At this point, I expect it to fly past 120. It may not, and 120 may provide some resistance. But in that case, I wouldn't expect it to go below 119.80, which is about where I am long from (technically a bit below).

So, my plan is to hold and "play it by ear". I very rarely use fixed targets (ie: Take/Profit), and I will not use them here either, because I don't know how high it will go. All I know is that it's going higher. My plan is to sell once the 1H chart maxes.
Please check out my blog at https://from-zero-to-hero . net
  • #52,275
  • Dec 3, 2014 5:22pm Dec 3, 2014 5:22pm
i think UJ will go up 120 and then short Pull Back to between range 119.57-119.37 and agin up
  • #52,276
  • Dec 3, 2014 5:32pm Dec 3, 2014 5:32pm
hey guys... how is everyone been?... I see we hitting the home run shortly!!
  • #52,277
  • Dec 3, 2014 6:29pm Dec 3, 2014 6:29pm
Quoting DonaldPump
{quote} All it tells me is that you have no more knowledge of the market than anyone else here. Your "education" is just speculation like everyone else's opinion, including mine.
Smash, keep up the good work and keep passing your insights. Without pinch of "salt and pepper" it is the right amount of news.

At the moment, I expect 120 level where as a matter of fact we are almost already. After that some consolidation and hopefully spike up to 123 level with possible high at 124.
  • #52,278
  • Dec 3, 2014 7:02pm Dec 3, 2014 7:02pm
Poll: What happens when we hit 120?

A:We skyrocket

B: We sink

C: Consolidation
Good luck and may the odds be ever in your favor!
  • #52,279
  • Dec 3, 2014 7:22pm Dec 3, 2014 7:22pm
Quoting dbutton1990
Poll: What happens when we hit 120? A:We skyrocket B: We sink C: Consolidation
YES! An excellent summary: skyrocket, sink, & consolidate.

Unfortunately, I cannot help you with the actual sequence.

"The trend is your friend, 'til the bend at the end."

Upon giving it some more thought, I like the A-B-C sequence.
  • #52,280
  • Dec 3, 2014 7:23pm Dec 3, 2014 7:23pm
Quoting dbutton1990
Poll: What happens when we hit 120? A:We skyrocket B: We sink C: Consolidation
d. I don't know

But if if I were to throw out my opinion, I'll say it'll hit 120.24 then pull back and/or consolidate. But this has nothing to do with the fact that price will be trading around 120, rather based on other analysis.

I do not expect any major pull-back until we get to weekly resistance, which is significantly higher than 120. But please note my signature
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