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USD/JPY Discussion

  • #52,961
  • Dec 9, 2014 3:39pm Dec 9, 2014 3:39pm
gotta love that hammer

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  • #52,962
  • Dec 9, 2014 3:46pm Dec 9, 2014 3:46pm
Quoting smash1820
{quote} {quote} {quote} {quote} {quote} Just wanted to say thanks for your support guys! You all help to keep me sane. Think I will try some of this meditation stuff, who knows, maybe even yoga too.
its all good smash! may the pips be with you!

luck is when determination meets opportunity.
All posts are my personal opinion
  • #52,963
  • Dec 9, 2014 3:56pm Dec 9, 2014 3:56pm
Thanks Rtm and same to you! Seems pretty clear to me the BoJ is at work now. Who else has that kind of buying power to push xxx/JPY up when everyone else is selling it?!
Please check out my blog at https://from-zero-to-hero . net
  • #52,964
  • Dec 9, 2014 4:04pm Dec 9, 2014 4:04pm
Quoting smash1820
Thanks Rtm and same to you! Seems pretty clear to me the BoJ is at work now. Who else has that kind of buying power to push xxx/JPY up when everyone else is selling it?!
It is the top of the hour now (swaps are being calculated as I write this), and we have some new candle formations, so I wanted to post a quick update:

They are going to drag this out for as long as they can... 4H chart previously looked bearish. Now it looks semi-bullish.

I still wouldn't go long though, unless you know what you're doing and it's for a quick scalp. xxx/JPY could still drop like a rock at any time. In fact, when you least expect it...

I hope by making the BoJ intentions public, they will NOT be able to prop it up for as long as they want to. You never know who might be reading this...
Please check out my blog at https://from-zero-to-hero . net
  • #52,965
  • Dec 9, 2014 4:19pm Dec 9, 2014 4:19pm
I think this little retracement has really scared you away. nothing has changed, we are still in a very powerful uptrend.
below the yellow line in my chart - the wick area is an aggressive buy zone. the main game will happen above the line and we will have pretty bullish moves during asia.
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As Above, So Below
  • #52,966
  • Dec 9, 2014 4:26pm Dec 9, 2014 4:26pm
Quoting tashkent
I think this little retracement has really scared you away. nothing has changed, we are still in a very powerful uptrend. below the yellow line in my chart - the wick area is an aggressive buy zone. the main game will happen above the line and we will have pretty bullish moves during asia. {image}
You might be right, but I would urge you to keep in mind that all trends come to an end at some point. Anyways, good luck brotha. One of us has to be right.
Please check out my blog at https://from-zero-to-hero . net
  • #52,967
  • Dec 9, 2014 4:33pm Dec 9, 2014 4:33pm
Quoting smash1820
{quote} You might be right, but I would urge you to keep in mind that all trends come to an end at some point. Anyways, good luck brotha. One of us has to be right.
i am in scalping mode, so being right or wrong about the direction of the greater trend is useless for me
lets make some money now
As Above, So Below
  • #52,968
  • Dec 9, 2014 4:52pm Dec 9, 2014 4:52pm
Quoting smash1820
{quote} It is the top of the hour now (swaps are being calculated as I write this), and we have some new candle formations, so I wanted to post a quick update: They are going to drag this out for as long as they can... 4H chart previously looked bearish. Now it looks semi-bullish. I still wouldn't go long though, unless you know what you're doing and it's for a quick scalp. xxx/JPY could still drop like a rock at any time. In fact, when you least expect it... I hope by making the BoJ intentions public, they will NOT be able to prop it up for as...
this is what i see ATM a pullback after the fast and heavy drop, 1h trend is still down, but hey i could be wrong (happens quite often)
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just do it
  • #52,969
  • Dec 9, 2014 4:54pm Dec 9, 2014 4:54pm
No more 124.xx?

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  • #52,970
  • Dec 9, 2014 4:57pm Dec 9, 2014 4:57pm
Quoting Ken A
No more 124.xx? {image}
not today
just do it
  • #52,971
  • Dec 9, 2014 4:59pm Dec 9, 2014 4:59pm
Quoting thodie
{quote} not today
I can wait - besides things haven't changed yet - I mean the market mood from less than expected China data to Crude oil turmoil ....
  • #52,972
  • Dec 9, 2014 5:00pm Dec 9, 2014 5:00pm
Quoting smash1820
{quote} {quote} {quote} {quote} {quote} Just wanted to say thanks for your support guys!
PS: They will try to prop the yen up (xxx/JPY -- weak yen) for as long as they can... but it won't be sustainable... and when it breaks, it's going to fall HARD... at a minimum, to the most-recent swing-low (185'ish), and probably much lower still. However, this will not happen all at once. {image}
Cheers dude. What matters most is your wellbeing. Important to put that above all else, IMHO.
  • #52,973
  • Dec 9, 2014 5:37pm Dec 9, 2014 5:37pm
Looking for a retracement now to the upside... so I can add more shorts!
Please check out my blog at https://from-zero-to-hero . net
  • #52,974
  • Dec 9, 2014 5:38pm Dec 9, 2014 5:38pm
aaaaand we are back on track
  • #52,975
  • Dec 9, 2014 5:41pm Dec 9, 2014 5:41pm
Quoting smash1820
Looking for a retracement now to the upside... so I can add more shorts!
Indeed you need to!
Once 117.90 is broken solidly then the hell doors will be opened
  • #52,976
  • Dec 9, 2014 5:49pm Dec 9, 2014 5:49pm
please guys do not push the price too fast.
As Above, So Below
  • #52,977
  • Dec 9, 2014 5:51pm Dec 9, 2014 5:51pm
Quoting fxmasterdxb
{quote} Indeed you need to! Once 117.90 is broken solidly then the hell doors will be opened
Agree with you 100%. Although I'm watching G/J so it would be 186.90.
Please check out my blog at https://from-zero-to-hero . net
  • #52,978
  • Dec 9, 2014 5:53pm Dec 9, 2014 5:53pm
Quoting tashkent
please guys do not push the price too fast.
Taskent, do you work for the BoJ or something? Why would you ever say this?
Please check out my blog at https://from-zero-to-hero . net
  • #52,979
  • Dec 9, 2014 6:06pm Dec 9, 2014 6:06pm
This is fucked up. I need to learn to start taking my profits when I have them. Perhaps I should go into "scalping mode" now too.

I'm getting my scripts ready to take advantage of this.

And still waiting on a response from you, tashkent.
Please check out my blog at https://from-zero-to-hero . net
  • #52,980
  • Dec 9, 2014 6:20pm Dec 9, 2014 6:20pm
That's one problem I have with being a 'swing' type trader. Often times i'll be deep in profit only to see it given back up later... I need to find a good rule for when to get out. I don't like random TP's because it's random... I'd rather just know the move is done for the moment.
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