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USD/JPY Discussion

  • #53,581
  • Dec 15, 2014 11:46am Dec 15, 2014 11:46am
Quoting Ken A
C'mon move it - not being greedy just looking for few pips hehe {image}
.....looking good.....
  • #53,582
  • Dec 15, 2014 11:47am Dec 15, 2014 11:47am
Someone is listening to my prayer hehe ....

Attached Image
  • #53,583
  • Dec 15, 2014 11:55am Dec 15, 2014 11:55am
http://www.zerohedge.com/news/2014-1...us-metals-dump
  • #53,584
  • Dec 15, 2014 12:12pm Dec 15, 2014 12:12pm
http://www.forexfactory.com/showthre...82#post7945482

UJ 1H Chart:
Cheers, U2
Wait, or you will be slaughtered!
  • #53,585
  • Edited 1:32pm Dec 15, 2014 12:53pm | Edited 1:32pm
Quoting Rizmeister
....how can a trader say he doesn't consider fundamentals, not even consider?...
Quoting mima
Really, why do you need fundamentals?
Quoting bccorp
Would it not be a fair statement that : every singe moves are driven first of all by fundamental reasons, so much that it make us some times understand nearly nothing because it is just to huge to understand the whole game at the perfection.... so after some say "fundamentals do not matter"...
Quoting bccorp
Technical and fundamentals are the two side of the same coin... Technical is a view of the fundamental assessment of a fundamental picture.
Quoting Rizmeister
I try to incorporate everything in my trading techniques.
Quoting bccorp
Even in the case of a pullback, imagine a big one, it is a fundamental reason behind it, it is just maybe not a global-macro fundamental reason...
Quoting stringfx
{quote} That would be difficult for me at times because sometimes my technical analysis gives me a direction but fundamentals tells opposite. for this instance. I am more biased short in my technical view but election result can boost the price up, so i have to stand aside until the fundamental situation has passed else i have to make my technicals go along with the upcoming fundamental news which could turn in any direction, so i stick to my technical view which gives me precise targets and my SL is in place in case of any problems. Again my 2...
Hi all,

Using both TA (technical analysis) and FA (fundamental analysis) on any trade of yours would be great; however, saying a profitable trade must have both some amount of TA and FA involved is incorrect.

Just to be safe to put up a counter statement, scalping any position with 2 hour or less hold-time on no larger than the 30m chart may completely ignore FA (although still avoid scalping through major news realse) while position trading any position with 2 weeks or more hold-time beyond daily chart may would never success without having a fair amount of FA involved making your trading decision.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #53,586
  • Dec 15, 2014 1:09pm Dec 15, 2014 1:09pm
Quoting bccorp
The FOMC should be the driver this week of an USD which goes higher, but I am a bit worry about the CPI, it could also influence USD to the down side... Any thoughts....?
Quoting Voro
Do you think we may see this pair go sideways for a few days?
I wouldn't be surprised to see USDJPY price contained within 117.50 and 120.00 within the next 48 hours till the next round of FOMC release.
Attached Image (click to enlarge)
Click to Enlarge Name: before fomc.PNG Size: 34 KB


If Fed is committed normalizing its policy in Q1 of 2015, price would easily go beyond 122.00 barrier; if the "considerable time" is still lies somewhere within the first paragraph of the upcoming FOMC statement, a correction down to 115.00 would be fairly reasonable, too.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #53,587
  • Dec 15, 2014 1:17pm Dec 15, 2014 1:17pm
Quoting Ken A
Someone is listening to my prayer hehe .... {image}
Hi KenA,
Don't you think the markets right now are pretty much in sync, most of the pairs, indices and commodities and it is more about trading the product(something sounding right and not bullshit) giving you the most profit?
A trade should be based on an assumption based on facts
  • #53,588
  • Dec 15, 2014 1:19pm Dec 15, 2014 1:19pm
Quoting Ken A
{quote} Glad you didn't short or did you mean you wanted to long (long is negative swaps)?
VERY glad I didn't short.
Fail better.
  • #53,589
  • Dec 15, 2014 1:22pm Dec 15, 2014 1:22pm
the question is when 117.00 will be broken?
As Above, So Below
  • #53,590
  • Dec 15, 2014 1:25pm Dec 15, 2014 1:25pm
Quoting tashkent
the question is when 117.00 will be broken?
Not anytime soon
  • #53,591
  • Dec 15, 2014 1:45pm Dec 15, 2014 1:45pm
Quoting Sunsilk
{quote} Not anytime soon
it is getting pretty close, just little over than 50 pips
As Above, So Below
  • #53,592
  • Dec 15, 2014 1:55pm Dec 15, 2014 1:55pm
Quoting tashkent
{quote} it is getting pretty close, just little over than 50 pips
I know.

Was close before as well. Just have to see what price does. To be honest I am now starting to think that those that are driving this market down are not going to stop before FOMC. Expect tomorrow to be another seller day after what happened today.

Then wed is the big day.
  • #53,593
  • Dec 15, 2014 3:10pm Dec 15, 2014 3:10pm
Holy freaking jesus this sucker shot past the 118 region into 117 territory you know how long it's been around the 118 to upper 118 region?
  • #53,594
  • Dec 15, 2014 3:20pm Dec 15, 2014 3:20pm
Do you know how many times price shot upwards from 118 even up till 119.1 i believe before going downwards then shooting up again before finally hitting 117 right now.

I lost on a trade cos it hit 119 as my sl was around 118.9. Put in more trades kept on changing my tp from 118.3 to 118.5 before it hit with a smaller tp and went no to trade in the eurusd before coming back and realizing it hit past 118 before ranging into 117 territory now kind of makes me a bit upset i didn't put in a wider tp.
  • #53,595
  • Dec 15, 2014 4:01pm Dec 15, 2014 4:01pm
Quoting tashkent
the question is when 117.00 will be broken?
It is due to panic in the stock markets over oil slide, fed rate rise, etc... If the fear continues, we will see further down I guess... else like the other poster says, likely to head up. Also depends on Japan's news and what new stimulus Abe's groupies come up with.

ps: maybe our friend in BOJ will say something on friday to halt the further UJ slide?
  • #53,596
  • Dec 15, 2014 4:13pm Dec 15, 2014 4:13pm
http://kingworldnews.com/kingworldne...Christmas.html
  • #53,597
  • Dec 15, 2014 4:49pm Dec 15, 2014 4:49pm
Long term I'm still bullish, but in the short term, we might looking at target 115 level.
  • #53,598
  • Dec 15, 2014 4:51pm Dec 15, 2014 4:51pm
Quoting MaryAnne
{quote} It is due to panic in the stock markets over oil slide, fed rate rise, etc... If the fear continues, we will see further down I guess... else like the other poster says, likely to head up. Also depends on Japan's news and what new stimulus Abe's groupies come up with. ps: maybe our friend in BOJ will say something on friday to halt the further UJ slide?
more importantly then friday is fomc on wed
  • #53,599
  • Dec 15, 2014 5:44pm Dec 15, 2014 5:44pm
Usd/Jpy's fate now is likely to be driven by the FOMC this week.
  • #53,600
  • Dec 15, 2014 5:45pm Dec 15, 2014 5:45pm
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY_W.gif Size: 175 KB
Click to Enlarge Name: USDJPY_H4.gif Size: 142 KB
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