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USD/JPY Discussion

  • #53,401
  • Dec 13, 2014 8:15am Dec 13, 2014 8:15am
Quoting Forexgogo
I would never go long for a while. The election will not push it up -- the market already pushed it up, knowing Abe would win. So Abe's winning doesn't do much. I see a big pin bar on the weekly (consider the last two weeks as one bar). It's just my two cents... {image}
I am on the same track as you ... that makes it worth 4 cents actually
STING
  • #53,402
  • Dec 13, 2014 8:25am Dec 13, 2014 8:25am
Quoting stringfx
{quote} I am on the same track as you ... that makes it worth 4 cents actually
same here. price needs to retrace prior to breaking the main high 123.800. I project price to do at a 2 leg correction upto 115.00
  • #53,403
  • Dec 13, 2014 9:06am Dec 13, 2014 9:06am
What is the best timeframe to trade this pair and the reason for your answer ?
  • #53,404
  • Dec 13, 2014 9:24am Dec 13, 2014 9:24am
It doesn't matter who is right or wrong over the internet postings - either to stroke the ego for some gurus or sincere trade discussion. If you put real money on the line - your account balance will speak for itself.
  • #53,405
  • Dec 13, 2014 9:59am Dec 13, 2014 9:59am
Quoting zalbu
{quote} same here. price needs to retrace prior to breaking the main high 123.800. I project price to do at a 2 leg correction upto 115.00
According to me, there will not be a 123.80 for a very long time. In my honest view, i am looking a lot lower as in a proper bear trend. In the region of 108.
Laugh if you must but this is my view.
STING
  • #53,406
  • Dec 13, 2014 10:31am Dec 13, 2014 10:31am
Quoting stringfx
{quote} According to me, there will not be a 123.80 for a very long time. In my honest view, i am looking a lot lower as in a proper bear trend. In the region of 108. Laugh if you must but this is my view.

LOL!! Attacking a new high is far more likely than going back there. With the elections the yen will weaken further. US hasn't even rate hiked yet lol..There was a beautiful gravestone doji on 4hr and bears failed....over and over again.


PS: I guess the 300 pip pullback was just a minor pullback. I am done wasting my breathe on this topic. See yah at new highs!
  • #53,407
  • Dec 13, 2014 10:33am Dec 13, 2014 10:33am
Quoting Forexgogo
I would never go long for a while. The election will not push it up -- the market already pushed it up, knowing Abe would win. So Abe's winning doesn't do much. I see a big pin bar on the weekly (consider the last two weeks as one bar). It's just my two cents... {image}

Oh you are an expert to what gets priced in? Its called a trickle effect buddy....what will happen to the yen long term...NOT JUST FROM THE ELECTIONS but the snow ball effect..I will stick to my thread...so many blooming idiots over here. LOL
  • #53,408
  • Dec 13, 2014 10:34am Dec 13, 2014 10:34am
Quoting Rizmeister
{quote} LOL!! Attacking a new high is far more likely than going back there. With the elections the yen will weaken further. US hasn't even rate hiked yet lol..There was a beautiful gravestone doji on 4hr and bears failed....over and over again. PS: I guess the 300 pip pullback was just a minor pullback. I am done wasting my breathe on this topic. See yah at new highs!
Plz also have a look on4H candle if it will go downward it will complete head and shoulder pattern and price may fall more than 3/4 points.
  • #53,409
  • Dec 13, 2014 11:05am Dec 13, 2014 11:05am
Quoting Rizmeister
{quote} LOL!! Attacking a new high is far more likely than going back there. With the elections the yen will weaken further. US hasn't even rate hiked yet lol..There was a beautiful gravestone doji on 4hr and bears failed....over and over again. PS: I guess the 300 pip pullback was just a minor pullback. I am done wasting my breathe on this topic. See yah at new highs!
My Dear friend,

There is no need of any name calling here. We have just stated our view. Laugh if you must as i mentioned earlier. There are options in FF to ignore people who does not support your view. What will you call yourself if Usd/jpy will not break the high and instead breaks the low. Think about it. If you are confident about your analysis, do your name calling after you have proved your point. Anyway elections are just around the corner, so you will get your answer on Monday morning. According to me, there is a c wave pending for upside which will go to 120.15 and then price should break the low of 117.43, so probably the election results will take it up there.
Attached Image (click to enlarge)
Click to Enlarge Name: uj 2nd wave.JPG Size: 122 KB
STING
  • #53,410
  • Dec 13, 2014 11:12am Dec 13, 2014 11:12am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYMonthly.png Size: 68 KB
Ghost Rider - WWTBMD?
  • #53,411
  • Dec 13, 2014 11:27am Dec 13, 2014 11:27am
Quoting albchr
{image}
Good chart analysist. It's they way I see it. Will be critical week, up trend still intact so far.
  • #53,412
  • Dec 13, 2014 12:19pm Dec 13, 2014 12:19pm
Quoting stringfx
{quote} According to me, there will not be a 123.80 for a very long time. In my honest view, i am looking a lot lower as in a proper bear trend. In the region of 108. Laugh if you must but this is my view.
i think it will go to 130, 150 and 200 in foreseeable future, but i do not trade what i think and care less what others think and their charts and analysis.
if this go to 115, 100, 80 i will be still buying.
there is one thing i care about though - TAKING MORE PROFIT WHILE GIVING BACK LESS
As Above, So Below
  • #53,413
  • Dec 13, 2014 12:33pm Dec 13, 2014 12:33pm
Pray for 117.75 in next few days
Attached Image (click to enlarge)
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  • #53,414
  • Dec 13, 2014 1:24pm Dec 13, 2014 1:24pm
Quoting tashkent
{quote} i think it will go to 130, 150 and 200 in foreseeable future, but i do not trade what i think and care less what others think and their charts and analysis. if this go to 115, 100, 80 i will be still buying. there is one thing i care about though - TAKING MORE PROFIT WHILE GIVING BACK LESS
Now that is a very interesting view. You must be a very rich man already to be able to buy at those levels. 102 is my last bear level though. just my 2 cents which i now know u don't much care.
STING
  • #53,415
  • Dec 13, 2014 2:06pm Dec 13, 2014 2:06pm
Quoting stringfx
{quote} Now that is a very interesting view. You must be a very rich man already to be able to buy at those levels. 102 is my last bear level though. just my 2 cents which i now know u don't much care.
you have 12 yrs experience and probably much knowledgeable in these matters. i am more often wrong than right at predicting.
As Above, So Below
  • #53,416
  • Dec 13, 2014 2:57pm Dec 13, 2014 2:57pm
Quoting tashkent
{quote} you have 12 yrs experience and probably much knowledgeable in these matters. i am more often wrong than right at predicting.

Dear friend, my 12 years experience is a laughing matter for most of you. I never bragged about it, neither did i disturb any peace with my views. So far i have just stated my views with some charts. In these 12 years, i have blown countless accounts and gave given a good share of my hard earned money to this market, so i know how it feels when people lose money which is why i am giving my 2 cents worth to people who wants to take it. Please do ignore my views if you feel offended that i do not have the same view as yours. I mention 2 cents because as you said i also know i could be wrong as well. this is an unpredictable market and nobody can be right all the time. losing is inevitable, and like you also said, making more than you lose is the key.
STING
  • #53,417
  • Dec 13, 2014 2:59pm Dec 13, 2014 2:59pm
Quoting LouiseZA
{quote} Good chart analysist. It's they way I see it. Will be critical week, up trend still intact so far.
Thank you for the kind words Louise and yes, the overall uptrend is well intact. However in the near term I'll be looking for a rather sizable retrace.
Ghost Rider - WWTBMD?
  • #53,418
  • Dec 13, 2014 3:08pm Dec 13, 2014 3:08pm
Quoting albchr
{quote} Thank you for the kind words Louise and yes, the overall uptrend is well intact. However in the near term I'll be looking for a rather sizable retrace.
Your chart clearly shows bearish momentum. reached 61.8 resistance level and has turned down with a bearish doji. Is that supdem in your chart defining the resistance? your rsi is clearly in overbought area. Although it's too early to say it is a reversal, how much of retrace do you think this pair would go ? do you have other charts with retracement levels? appreciate if you could share it. Thanks
STING
  • #53,419
  • Dec 13, 2014 3:28pm Dec 13, 2014 3:28pm
Quoting albchr
{quote} Thank you for the kind words Louise and yes, the overall uptrend is well intact. However in the near term I'll be looking for a rather sizable retrace.
I second
  • #53,420
  • Dec 13, 2014 3:31pm Dec 13, 2014 3:31pm
Very much doubt it will go below 117.8 It looks More bullish to me and expecting it to to go above 120. This coming week. But who knows, wait and see.
The previous 4h candle does worry me!
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