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USD/JPY Discussion

  • #52,301
  • Dec 3, 2014 10:01pm Dec 3, 2014 10:01pm
Quoting Mpt
{quote} Yeah, but I wouldn't be surprised to see a wheel fall off it - or those who are short may call in a bomb threat.
don't know what wheels you referring to... landing gears all intact!!
  • #52,302
  • Dec 3, 2014 10:02pm Dec 3, 2014 10:02pm
Price has been moving up very slowly in a channel. It could break out at current level of course. But it is more likely to fall from here, and hopefully find support at the bottom of the channel, but if it tests 119.74 again, I'd expect it to have trouble holding:

After that, there's:
119.59
119.43
119.24
119.12
  • #52,303
  • Dec 3, 2014 10:07pm Dec 3, 2014 10:07pm
Quoting benaiah
Price has been moving up very slowly in a channel. It could break out at current level of course. But it is more likely to fall from here, and hopefully find support at the bottom of the channel, but if it tests 119.74 again, I'd expect it to have trouble holding: After that, there's: 119.59 119.43 119.24 119.12
Watch them buy the entire ask in a split second.

Once we break 120, that is when the game really BEGINS...
Please check out my blog at https://from-zero-to-hero . net
  • #52,304
  • Dec 3, 2014 10:11pm Dec 3, 2014 10:11pm
Quoting smash1820
{quote} Watch them buy the entire ask in a split second...
I'm just not feeling it, but I definitely want to see it go, along with GJ as well. But GJ doesn't look ready to go yet either...

If the picture continues to be painted as it has been, I'd look for a break out within 2-3 hours. Of course, if support levels start to fail, then we might see something painfully different...
  • #52,305
  • Dec 3, 2014 10:13pm Dec 3, 2014 10:13pm
Quoting benaiah
I'm just not feeling it, but I definitely want to see it go, along with GJ as well. But GJ doesn't look ready to go yet either... If the picture continues to be painted as it has been, I'd look for a break out within 2-3 hours. Of course, if support levels start to fail, then we might see something painfully different...
UJ is the base of GJ. NOT GU. You are going to regret saying this very soon.'

Could it go down from here? Sure. About 5 pips or so...
Please check out my blog at https://from-zero-to-hero . net
  • #52,306
  • Dec 3, 2014 10:17pm Dec 3, 2014 10:17pm
Quoting smash1820
{quote} UJ is the base of GJ. NOT GU. You are going to regret saying this very soon.' Could it go down from here? Sure. About 5 pips or so...
I won't regret anything. Like I said, I want it to go up. But I don't confuse what I want with what I see the price saying.

Edit: Also, not sure what your point is about GU. And I don't really pay attention to EJ. I find UJ and GJ to be very simiar in behavior. If you disagree with this, that's okay. also fixed typos
  • #52,307
  • Dec 3, 2014 10:18pm Dec 3, 2014 10:18pm
Quoting smash1820
{quote} UJ is the base of GJ. NOT GU. You are going to regret saying this very soon.' Could it go down from here? Sure. About 5 pips or so...
That is like saying that GBPUSD's base is USD and GBP has little influence. Correlations change by the minute, by the hour, by the month.
  • #52,308
  • Dec 3, 2014 10:21pm Dec 3, 2014 10:21pm
Anything can happen!! It takes abe or someone to open their stinky mouths for a massive rally or plummet to happen... No matter your technicals n indicators fundamentals play a massive rule too...
  • #52,309
  • Dec 3, 2014 10:21pm Dec 3, 2014 10:21pm
hmm eur/usd never did hit 1.400, just saying...
Build good relationships with others.
  • #52,310
  • Dec 3, 2014 10:23pm Dec 3, 2014 10:23pm
Sorry, MPT, I responded to your post by mistake - deleted...
  • #52,311
  • Dec 3, 2014 10:24pm Dec 3, 2014 10:24pm
Quoting smash1820
{quote} Watch them buy the entire ask in a split second. Once we break 120, that is when the game really BEGINS...
a visit to 120 does not necessarily means a break of that level. 15M ok
all headlines are written waiting to be published. " UJ above 120.00..."
I wait... and sell higher
  • #52,312
  • Edited 10:43pm Dec 3, 2014 10:25pm | Edited 10:43pm
Quoting benaiah
Price has been moving up very slowly in a channel. It could break out at current level of course. But it is more likely to fall from here, and hopefully find support at the bottom of the channel, but if it tests 119.74 again, I'd expect it to have trouble holding: After that, there's: 119.59 119.43 119.24 119.12
On H1: EMA.20, also a support, is at 119.70, only 22 pips below current mean price. ATR.20 still in a slow drift down.

Will the Europeans bring in some buying enthusiasm in a few hours?

[corrected number of pips]
  • #52,313
  • Dec 3, 2014 10:29pm Dec 3, 2014 10:29pm
I am at 106% margin level so I need to focus on the tick charts now. I am watching every fuking tick, because I am so extremely leveraged here.

Correction (to the downside) is near. However, price action is strong. Somewhat contradictory.

All the indicators are still pointing to the upside...

Support at 119.90.
Please check out my blog at https://from-zero-to-hero . net
  • #52,314
  • Dec 3, 2014 10:37pm Dec 3, 2014 10:37pm
http://www.actionforex.com/action-in...0141204230554/

Hello Smash. You may not be wrong about 125. Continuing moving my limit orders up....but i am a long term type.
  • #52,315
  • Dec 3, 2014 10:42pm Dec 3, 2014 10:42pm
Price will have to break AT LEAST 119.80 for shorts to be valid, and preferably 119.75. I do not see it happening.
Please check out my blog at https://from-zero-to-hero . net
  • #52,316
  • Dec 3, 2014 10:49pm Dec 3, 2014 10:49pm
Quoting smash1820
I am at 106% margin level so I need to focus on the tick charts now. I am watching every fuking tick, because I am so extremely leveraged here. Correction (to the downside) is near. However, price action is strong. Somewhat contradictory. All the indicators are still pointing to the upside... Support at 119.90.
wow! a huge risk really. good luck!
As Above, So Below
  • #52,317
  • Dec 3, 2014 10:52pm Dec 3, 2014 10:52pm
Quoting tashkent
wow! a huge risk really. good luck!
LOL... thanks... it's a very small account... so I can afford the risk.

But just in case you (or anyone) doesn't believe me...\

But you wanna know the craziest part??? This account has 500:1 leverage.
Attached Image (click to enlarge)
Click to Enlarge Name: dont believe me.jpg Size: 697 KB
Please check out my blog at https://from-zero-to-hero . net
  • #52,318
  • Dec 3, 2014 10:56pm Dec 3, 2014 10:56pm
http://headlines.ransquawk.com/headl...-50-04-12-2014 hmmm
  • #52,319
  • Dec 3, 2014 10:57pm Dec 3, 2014 10:57pm
Quoting smash1820
{quote} LOL... thanks... it's a very small account... so I can afford the risk. But just in case you (or anyone) doesn't believe me...\ But you wanna know the craziest part??? This account has 500:1 leverage. {image}
Just out of interest, what's your margin level sitting at? Not the dollars, just the percent value.
  • #52,320
  • Dec 3, 2014 10:59pm Dec 3, 2014 10:59pm
Quoting Mpt
Just out of interest, what's your margin level sitting at? Not the dollars, just the percent value.
Now it's at 110%, but it changes by the minute. If price goes down, I close out of 1 lot at a time. If it goes up, I will add 1 lot at a time...

I close the lots that are in profit first. No FIFO rules apply. So even if I close a lot, I am still making money by the minute...
Please check out my blog at https://from-zero-to-hero . net
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