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USD/JPY Discussion

  • #53,221
  • Dec 11, 2014 7:51am Dec 11, 2014 7:51am
Good retail numbers...US markets gonna eat that up.....elections this weekend. ^ we go.
  • #53,222
  • Dec 11, 2014 7:53am Dec 11, 2014 7:53am
Quoting Rizmeister
Good retail numbers...US markets gonna eat that up.....elections this weekend. ^ we go.
That's mean we are making a new high
The master knows exactly the right time to do nothing.
  • #53,223
  • Dec 11, 2014 7:53am Dec 11, 2014 7:53am
Quoting Rizmeister
Good retail numbers...US markets gonna eat that up.....elections this weekend. ^ we go.
Definitely from a fundamental point of view it looks bullish but this pair is weird.

Should at least give bulls a bit of breathing room at the very least!
  • #53,224
  • Dec 11, 2014 7:56am Dec 11, 2014 7:56am
Quoting Sunsilk
{quote} 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.
That's a good view if you have the patience to wait that long. In my view UJ has finished 5 waves down, so thee is a deeper retracement considering the whole move from 121.84 to 117.43 as wave 1. Now there is a possibility of UJ retracement to either 50% ( which is quite normal. THis can be a simple a-b-c or even a complex one. Only time can tell, so i usually either scalp a few longs or stay away). Once 50% is reached, i start selling small as this wave can retrace all the way to the top as well(rare).

i am quite sure it will reach 119.12 (38.2) on slow choppy waves or may attempt 50% (119.63). Either way i am staying out. More interested in Nzd/Usd at the moment. looks really bullish to 1.7900. I am in with AU as well.(bullish)

EU is also bullish in my view .. will provide a chart in the next post.
STING
  • #53,225
  • Dec 11, 2014 7:56am Dec 11, 2014 7:56am
Quoting Au.trader
{quote} what do you expect ? Do you think that retracement is over ?
My opinion don't count and can't move the price but not complaining if it overshoot to 121.00 or higher

It's quiet here
  • #53,226
  • Dec 11, 2014 8:07am Dec 11, 2014 8:07am
Quoting mk5
Ur thoughts on eu? {quote}
EU has done the same as UJ. It bottomed 1.2246 and did a 5 wave up. Now a deeper retracement happening just like UJ as a second wave down.
Here is a chart
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EU 4 hr ret.JPG Size: 143 KB
STING
  • #53,227
  • Dec 11, 2014 8:11am Dec 11, 2014 8:11am
Attached Image (click to enlarge)
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  • #53,228
  • Dec 11, 2014 8:13am Dec 11, 2014 8:13am
Quoting Sunsilk
{quote} Definitely from a fundamental point of view it looks bullish but this pair is weird. Should at least give bulls a bit of breathing room at the very least!

A breather is definitely a good feeling.
  • #53,229
  • Dec 11, 2014 8:31am Dec 11, 2014 8:31am
119.80 looks attractive
As Above, So Below
  • #53,230
  • Dec 11, 2014 8:32am Dec 11, 2014 8:32am
Really glad to always see ur clear analysis. Thanks for sharing mate ! Keep it coming



Quoting stringfx
{quote} EU has done the same as UJ. It bottomed 1.2246 and did a 5 wave up. Now a deeper retracement happening just like UJ as a second wave down. Here is a chart {image} {image}
  • #53,231
  • Dec 11, 2014 8:35am Dec 11, 2014 8:35am
I have +42 and 23pips short. Tp at 2375


Quoting stringfx
{quote} EU has done the same as UJ. It bottomed 1.2246 and did a 5 wave up. Now a deeper retracement happening just like UJ as a second wave down. Here is a chart {image} {image}
  • #53,232
  • Dec 11, 2014 8:39am Dec 11, 2014 8:39am
S w e e t .......

Attached Image
  • #53,233
  • Dec 11, 2014 8:40am Dec 11, 2014 8:40am
Quoting stringfx
{quote} That's a good view if you have the patience to wait that long. In my view UJ has finished 5 waves down, so thee is a deeper retracement considering the whole move from 121.84 to 117.43 as wave 1. Now there is a possibility of UJ retracement to either 50% ( which is quite normal. THis can be a simple a-b-c or even a complex one. Only time can tell, so i usually either scalp a few longs or stay away). Once 50% is reached, i start selling small as this wave can retrace all the way to the top as well(rare). i am quite sure it will reach 119.12...
Hey String, thanks for the reply.

I trade other pairs as well. Just UJ interested me a lot more before the drop lol. GU and EU I trade too. EU looked bullish but now am not sure. December is a crazy month anyway, never really sure what to expect.

I use a journal so normally I look for certain criteria and base my probability off that. I find writing it down helps (not all the time) to stick to certain rules.

Need to get my discipline spot on though.

How long have you been trading for?
  • #53,234
  • Dec 11, 2014 8:42am Dec 11, 2014 8:42am
finally.. got in at the bottem of this... (well needed after losing 3k on that sell off)
  • #53,235
  • Dec 11, 2014 8:42am Dec 11, 2014 8:42am
And u j 119 10 119 50
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  • #53,236
  • Dec 11, 2014 8:46am Dec 11, 2014 8:46am
If USA go up, then EUR goes down, BUT if USA & EUR go same direction.. What that mean, ANYBODY????
  • #53,237
  • Dec 11, 2014 8:47am Dec 11, 2014 8:47am
Quoting x58
If USA go up, then EUR goes down, BUT if USA & EUR go same direction.. What that mean, ANYBODY????
The markets will implode.

Lol they will usually consolidate until there is a breakout.
  • #53,238
  • Dec 11, 2014 8:58am Dec 11, 2014 8:58am
Quoting stringfx
{quote} EU has done the same as UJ. It bottomed 1.2246 and did a 5 wave up. Now a deeper retracement happening just like UJ as a second wave down. Here is a chart {image} {image}
looks like eu is finishing its a wave
  • #53,239
  • Dec 11, 2014 9:02am Dec 11, 2014 9:02am
now decision http://www.zerohedge.com/news/2014-12-11/because-usdjpy
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  • #53,240
  • Dec 11, 2014 9:09am Dec 11, 2014 9:09am
Hmm ? :-) waiting for EMA Cross for 2, trade
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