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USD/JPY Discussion

  • #52,841
  • Dec 9, 2014 8:43am Dec 9, 2014 8:43am
Quoting skyway
Bull scalpers don't try to catch falling knife here. Long term bulls say your prayers.

  • #52,842
  • Dec 9, 2014 8:44am Dec 9, 2014 8:44am
Attached Image
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #52,843
  • Dec 9, 2014 8:46am Dec 9, 2014 8:46am
Quoting stringfx
My 2 cents on USD/JPY According to EW i could count 5 waves until 120.20 as wave 1 then an abc to wave 2 until 121.00 . Now poised for a minimum FE 100 on fibo expansion until 119.33. Later a time consuming wave 4 ( if it stops at FE 100 else look for expansion target of FE 161.8) and a final 5th wave of the targets which will be posted once wave 4 is over. Here is the chart. {image}
FE100 hit on UJ. Now to see if it will stop for a retrace (4th wave up ) or continue 3rd wave down to FE 161.8 ... looks pretty oversold at the moment (stochs)

Let's see the close of this hourly candle.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 30m.JPG Size: 149 KB
STING
  • #52,844
  • Dec 9, 2014 8:53am Dec 9, 2014 8:53am
Quoting Fx-gtg
{quote} still holding to position. U/J 120.43 atm thread "Bull City Baby! USD/JPY Opportunities" is risky this month ,riskier and useless new year
still holding short from 121.50
atm 119.11
  • #52,845
  • Dec 9, 2014 8:56am Dec 9, 2014 8:56am
Potential rise now from above 119. But risky, or just for scalps
COT: The precious data ignored
  • #52,846
  • Dec 9, 2014 9:01am Dec 9, 2014 9:01am
scalp it
  • #52,847
  • Dec 9, 2014 9:02am Dec 9, 2014 9:02am
idk...oil regaining traction....US market selling off. I am on sidelines for longs...I am short still.


Edit: If Euro keeps strengthening and yen as well...bye bye US dollar bulls.


I play both sides of the field hahahhaa
  • #52,848
  • Dec 9, 2014 9:03am Dec 9, 2014 9:03am
if risky, then no potential rise. potential rise comes with high probability
As Above, So Below
  • #52,849
  • Dec 9, 2014 9:08am Dec 9, 2014 9:08am
heading south
  • #52,850
  • Dec 9, 2014 9:10am Dec 9, 2014 9:10am
Next target 118.35 - 118.37. There is no stopping this knife.
STING
  • #52,851
  • Dec 9, 2014 9:13am Dec 9, 2014 9:13am
Great dip for reloading
  • #52,852
  • Dec 9, 2014 9:13am Dec 9, 2014 9:13am
negation wave 4 broken support
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_H1.gif Size: 169 KB
  • #52,853
  • Dec 9, 2014 9:15am Dec 9, 2014 9:15am
Nice fall, still sideline, no point going long with this madness
COT: The precious data ignored
  • #52,854
  • Dec 9, 2014 9:16am Dec 9, 2014 9:16am
wow crazybears
  • #52,855
  • Dec 9, 2014 9:19am Dec 9, 2014 9:19am
Make sure you are appropriately leveraged, this squaze has no fundamental reason, at the end of the day, we know where it's heading.
  • #52,856
  • Dec 9, 2014 9:19am Dec 9, 2014 9:19am
Quoting kuroro001
Nice fall, still sideline, no point going long with this madness
No reason at all! Check what I wrote on the other USD/JPY bulls thread.
  • #52,857
  • Dec 9, 2014 9:19am Dec 9, 2014 9:19am
Quoting Paulenok
Make sure you are appropriately leveraged, this squaze has no fundamental reason, at the end of the day, we know where it's heading.



Oil is rallying....euro is rallying....US markets selling off...money being flooded to the yen...all reasons to stay out and get in at much lower price. high prob set ups.
  • #52,858
  • Dec 9, 2014 9:21am Dec 9, 2014 9:21am
No wondering it may break 118 today heads to 115 this month.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #52,859
  • Dec 9, 2014 9:22am Dec 9, 2014 9:22am
this should be illegal

this was definately needed, but WOW.. guess this week is back to like Oct when any good news was a reason to push price down.. (i call it the balancing act)

steel balls to hold on to longs
  • #52,860
  • Dec 9, 2014 9:22am Dec 9, 2014 9:22am
FE 161.8 also hit and beyond. US index is at FE 138.2% so anything can happen. My sincere advise is don't even think of scalping this market for long unless you have tight stops.
Attached Image (click to enlarge)
Click to Enlarge Name: US index.JPG Size: 127 KB
STING
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