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USD/JPY Discussion

  • #53,201
  • Dec 11, 2014 4:21am Dec 11, 2014 4:21am
Quoting RomanBubenik
{quote} are you sure?? i see 119.30 end of this day
yes i strongly believe in that bro. i hope 117.23 will be the turning level and i strongly believe that point will be definitely tested once.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #53,202
  • Dec 11, 2014 4:25am Dec 11, 2014 4:25am
Did u change ur tp area. Looks like it's near a R area

Quoting jasakreatif
{quote} i took , but dont know correct tp {image}
  • #53,203
  • Dec 11, 2014 4:33am Dec 11, 2014 4:33am
Retail Sales numbers will determine...

http://i.imgur.com/020qry4.png
  • #53,204
  • Dec 11, 2014 4:35am Dec 11, 2014 4:35am
My 1st support will be 117.23
Attached Image (click to enlarge)
Click to Enlarge Name: jpy 1.JPG Size: 78 KB
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #53,205
  • Dec 11, 2014 4:35am Dec 11, 2014 4:35am
Quoting mk5
Did u change ur tp area. Looks like it's near a R area {quote}
just closed , waiting same level
  • #53,206
  • Dec 11, 2014 4:36am Dec 11, 2014 4:36am
UJ will start move 3 hrs by now
  • #53,207
  • Dec 11, 2014 4:43am Dec 11, 2014 4:43am
Quoting stringfx
{quote} Sunsilk, Apologies for the late reply. I was AFK since i do not trade the retracements, i purposely stayed away from keyboard, coz i sometimes have itchy fingers From the start of UJ's descend, all the waves have been just normal. Elliot says that one wave among all 5 will most probably extend, so in this case there is a high probability for 5th wave to extend as no other waves extended. The most likely target of an extended fifth wave is 100 % when you draw a fib expansion from start of wave 1 to end of wave 3 and then expand...
No problem - I am the same, itchy fingers as well.

Thanks for the explanation - it makes sense. I would be interested in knowing what your thoughts are now with the chart now. Is this still in wave 5 or has that finished with a new wave looking like being formed?
  • #53,208
  • Dec 11, 2014 4:48am Dec 11, 2014 4:48am
I have managed to stand aside until now and will be aside until next resistance level (119.63) 50% fibo of the entire move. I have limit sell there. Dont want to risk like before. Definitely not buying !
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Ret1.JPG Size: 176 KB
STING
  • #53,209
  • Dec 11, 2014 4:54am Dec 11, 2014 4:54am
Just curious what's ur overall thoughts on the trend?

Quoting stringfx
I have managed to stand aside until now and will be aside until next resistance level (119.63) 50% fibo of the entire move. I have limit sell there. Dont want to risk like before. Definitely not buying ! {image}
  • #53,210
  • Dec 11, 2014 5:00am Dec 11, 2014 5:00am
Correcion wave, going up 119.00
Dste
  • #53,211
  • Dec 11, 2014 5:15am Dec 11, 2014 5:15am
Quoting mk5
Just curious what's ur overall thoughts on the trend? {quote}
Mk5,
It's surprising that you are still curious. I've been screaming "BEAR" from way back
and begging people not to buy. The reason for this is in post # 52927. I follow EW on usd Index as well since Uj and Dxy are so correlated, they almost follow hand in hand.

In my honest opinion, i believe there is a reversal in trend but as they say, you can never ever say that aloud coz the market will turn right back and bite you where it hurts the most . In this scenario, any new low printed by UJ will have my belief totally confirmed. The rest is left to the almighty
STING
  • #53,212
  • Dec 11, 2014 5:26am Dec 11, 2014 5:26am
Well quite a number still going long. So yeah though so too. Missed out on ur post. Anyway thanks for sharing once again

Quoting stringfx
{quote} Mk5, It's surprising that you are still curious. I've been screaming "BEAR" from way back and begging people not to buy. The reason for this is in post # 52927. I follow EW on usd Index as well since Uj and Dxy are so correlated, they almost follow hand in hand. In my honest opinion, i believe there is a reversal in trend but as they say, you can never ever say that aloud coz the market will turn right back and bite you where it hurts the most . In this scenario, any new low printed by UJ will have my belief totally confirmed. The...
  • #53,213
  • Dec 11, 2014 5:36am Dec 11, 2014 5:36am
Quoting stringfx
{quote} Mk5, It's surprising that you are still curious. I've been screaming "BEAR" from way back and begging people not to buy. The reason for this is in post # 52927. I follow EW on usd Index as well since Uj and Dxy are so correlated, they almost follow hand in hand. In my honest opinion, i believe there is a reversal in trend but as they say, you can never ever say that aloud coz the market will turn right back and bite you where it hurts the most . In this scenario, any new low printed by UJ will have my belief totally confirmed. The...
Cool, here is my view.

I would have to see it break below 117.24 to look at this as long term short personally. My view is this is still just a corrective phase and that the overall trend remains bullish.

I will trade this long if we break 19.64 or I will look for shorts below 117.24 if candle closes below then. Otherwise I am just dilly dallying watching this.
  • #53,214
  • Dec 11, 2014 5:36am Dec 11, 2014 5:36am
Ur thoughts on eu?

Quoting stringfx
{quote} Mk5, It's surprising that you are still curious. I've been screaming "BEAR" from way back and begging people not to buy. The reason for this is in post # 52927. I follow EW on usd Index as well since Uj and Dxy are so correlated, they almost follow hand in hand. In my honest opinion, i believe there is a reversal in trend but as they say, you can never ever say that aloud coz the market will turn right back and bite you where it hurts the most . In this scenario, any new low printed by UJ will have my belief totally confirmed. The...
  • #53,215
  • Dec 11, 2014 6:05am Dec 11, 2014 6:05am
Anyone know any safe zone for buying this pair ??
The master knows exactly the right time to do nothing.
  • #53,216
  • Dec 11, 2014 6:56am Dec 11, 2014 6:56am
UJ 15M Chart:
Cheers, U2

http://www.forexfactory.com/showthre...15#post7937215
Wait, or you will be slaughtered!
  • #53,217
  • Dec 11, 2014 6:57am Dec 11, 2014 6:57am
IMHO, AUDJPY is likely to plunge to 97.50 soon.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM30.png Size: 32 KB
  • #53,218
  • Dec 11, 2014 7:35am Dec 11, 2014 7:35am
http://www.forexfactory.com/showthre...64#post7937364
UJ 5M Chart:
Cheers, U2
Wait, or you will be slaughtered!
  • #53,219
  • Dec 11, 2014 7:45am Dec 11, 2014 7:45am
Waiting for NY ....

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 15 KB
  • #53,220
  • Dec 11, 2014 7:50am Dec 11, 2014 7:50am
Quoting Ken A
Waiting for NY .... {image}

what do you expect ? Do you think that retracement is over ?
The master knows exactly the right time to do nothing.
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