USD/JPY Discussion | Page 2630 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #52,581
  • Dec 5, 2014 11:08am Dec 5, 2014 11:08am
Gidday Yen masters

Wow woke up

to exploding longs

This Yen move has loaded up my pip bag

Now still 4 longs running 122+

We short at the high to 119

My first trade was catching the YEN 0.75,made $37k

Thought trading was so easy,caught GBP 1.48 also.

Trading was so easy catching these bull moves

But greed an chasing every move can drain your account

faster then you think
  • #52,582
  • Dec 5, 2014 11:09am Dec 5, 2014 11:09am
Quoting HCGroup
{quote} So risky

Agreed no reason to short let alone take a position on a Friday.
  • #52,583
  • Dec 5, 2014 11:45am Dec 5, 2014 11:45am
YEN to 200
http://www.bloomberg.com/news/2014-1...an-credit.html
  • #52,584
  • Dec 5, 2014 11:51am Dec 5, 2014 11:51am
http://www.bloomberg.com/video/-120-...c6rCEvoMA.html
  • #52,585
  • Dec 5, 2014 11:59am Dec 5, 2014 11:59am
Quoting benaiah
Next resistance at 123.735. I will be only trading short term today on lower time frames, as I also do not plan on holding over the weekend... I would also look for some profit taking today to cause a little drop at some point, which would be a good opportunity to short just kidding ​Bull City all the way baby Edit: Support at 121.42, then 120.98. as long as it stays above those 2 support levels, targeting 123 for today
Was waiting for profit taking price action (if that's what this PA is indicating). Only see it in GBP/USD, EUR/USD and USD/CAD. AUD/USD and NZD/USD are particularly anchored.
  • #52,586
  • Dec 5, 2014 12:02pm Dec 5, 2014 12:02pm
Quoting stylinex
YEN to 200 http://www.bloomberg.com/news/2014-1...an-credit.html
Definitely possible!
Good luck and may the odds be ever in your favor!
  • #52,587
  • Dec 5, 2014 12:05pm Dec 5, 2014 12:05pm
Quoting dbutton1990
{quote} Definitely possible!
Yes. This PA is not only moving the market now, but could fuel it another 100-250 pips before 2015.
  • #52,588
  • Dec 5, 2014 12:11pm Dec 5, 2014 12:11pm
Quoting benaiah
Next resistance at 123.735. I will be only trading short term today on lower time frames, as I also do not plan on holding over the weekend... I would also look for some profit taking today to cause a little drop at some point, which would be a good opportunity to short just kidding ​Bull City all the way baby Edit: Support at 121.42, then 120.98. as long as it stays above those 2 support levels, targeting 123 for today
My view remains the same. Well, sort of. Consolidating right now, with a target of 122.7.

As things will slow down from here on out today, the scenery could change and paint a different picture, but so far, I don't see any indication of a top yet...
  • #52,589
  • Dec 5, 2014 12:14pm Dec 5, 2014 12:14pm
Quoting benaiah
{quote} My view remains the same. Well, sort of. Consolidating right now, with a target of 122.7. As things will slow down from here on out today, the scenery could change and paint a different picture, but so far, I don't see any indication of a top yet...



PS: I am taking a hefty amount of my longs off the table today. I will reload as I see fit.
  • #52,590
  • Dec 5, 2014 12:20pm Dec 5, 2014 12:20pm
Quoting Rizmeister
{quote} PS: I am taking a hefty amount of my longs off the table today. I will reload as I see fit.
Hi hear ya...

I'm also looking forward to a nice pull back, to get in and ride it up. Would love to see a 200-300 pip pull-back (not saying I see any indication of that happening as of yet), as that would mean 200-300+ pip trade on the way back up...
  • #52,591
  • Dec 5, 2014 12:21pm Dec 5, 2014 12:21pm
Hey guys,
I exited my long position....
Do you think it's still worth entering long for the rest of the day?
  • #52,592
  • Dec 5, 2014 12:23pm Dec 5, 2014 12:23pm
Quoting benaiah
{quote} My view remains the same. Well, sort of. Consolidating right now, with a target of 122.7. As things will slow down from here on out today, the scenery could change and paint a different picture, but so far, I don't see any indication of a top yet...
When you say, 'don't see any indication of a top yet', what in particular would define it? If helpful, a screenshot will be much appreciated. Best.
  • #52,593
  • Dec 5, 2014 12:26pm Dec 5, 2014 12:26pm
Quoting benaiah
{quote} Hi hear ya... I'm also looking forward to a nice pull back, to get in and ride it up. Would love to see a 200-300 pip pull-back (not saying I see any indication of that happening as of yet), as that would mean 200-300+ pip trade on the way back up...
Yes, another pullback would be nice. I cannot believe the EUR/USD pullback was so short-lived.
  • #52,594
  • Dec 5, 2014 12:27pm Dec 5, 2014 12:27pm
Quoting Mozzy
http://www.bloomberg.com/video/-120-...c6rCEvoMA.html
Media bidding
  • #52,595
  • Dec 5, 2014 12:32pm Dec 5, 2014 12:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_W.gif Size: 33 KB
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_M.gif Size: 45 KB
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_D1.gif Size: 117 KB
  • #52,596
  • Dec 5, 2014 12:34pm Dec 5, 2014 12:34pm
Quoting paka
{quote} When you say, 'don't see any indication of a top yet', what in particular would define it? If helpful, a screenshot will be much appreciated. Best.
Pulll up an H4 chart. What do you see? Only solid bull candles for 20 hours. We'd need at least 1 indecision, doji, or bearish/engulfing bar to indicate a direction change. Without that, to expect a downward move at this point is only guessing imo, since as I posted also, the next resistance is like around 200 pips up.

As far as lower time frames, support still holding, as posted above, and consolidating. I'd need to see a failed attempt at a new high in order to not expect a continual move up...

Also, regarding support levels, I'd need to see 2 or 3 levels broken for confirmation of downward momentum...

Okay, sorry for no charts, I'm a little lazy today. It's Friday
  • #52,597
  • Dec 5, 2014 1:10pm Dec 5, 2014 1:10pm
Quoting Rizmeister
{quote} PS: I am taking a hefty amount of my longs off the table today. I will reload as I see fit.
I'mstill keeping mine, just trailing stops for now. good pips
  • #52,598
  • Dec 5, 2014 1:15pm Dec 5, 2014 1:15pm
Quoting ws121
Hey guys, I exited my long position.... Do you think it's still worth entering long for the rest of the day?
No. Unless you want to risk the weekend. As it seems things are slowing down now, and consolidation is continuing... Any targets I posted above, would seem to be pushed to next week, due to the slow down happening now. We could still see a push up, but only a few hours left in the trading day, so any new positions might be risky...
  • #52,599
  • Dec 5, 2014 1:18pm Dec 5, 2014 1:18pm
Quoting Rizmeister
Is this photo shopped baby? I AM IN HEAVY LETS GO!! @ FXTRADEABI {image}
  • #52,600
  • Dec 5, 2014 1:24pm Dec 5, 2014 1:24pm
Quoting atx_sonu
{quote}

272 traders viewing now