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USD/JPY Discussion

  • #53,841
  • Dec 17, 2014 2:53pm Dec 17, 2014 2:53pm
i would speculate the high the day has been set
As Above, So Below
  • #53,842
  • Dec 17, 2014 3:07pm Dec 17, 2014 3:07pm
Gidday Yen

Thinking EUR bounce

Can't see one way trip to hell

All good trading shorts an longs

until it breaks away.

Just waiting to see if this pile of turds

is going to retrace to 115

Or crawl back through 119:nerd:
  • #53,843
  • Dec 17, 2014 3:11pm Dec 17, 2014 3:11pm
Quoting eliteincome
Gidday Yen Thinking EUR bounce Can't see one way trip to hell All good trading shorts an longs until it breaks away. Just waiting to see if this pile of turds is going to retrace to 115 Or crawl back through 119:nerd:
EUR is anticipated to bounce due to german data tomorrow, but it must be stressed that all rallies are quickly sold off due to the fact that ECB will introduce QE next month
  • #53,844
  • Dec 17, 2014 3:26pm Dec 17, 2014 3:26pm
Still trying - might break 118.80
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  • #53,845
  • Dec 17, 2014 3:28pm Dec 17, 2014 3:28pm
Quoting Ken A
Still trying - might break 118.80 {image}

We have already broken that region...

Edit: Strong resist at 118.95
  • #53,846
  • Dec 17, 2014 3:28pm Dec 17, 2014 3:28pm
Big selling opportunity here. We just hit the .786 retracement level from the previous down move. I am short at 118.68 with a SL at 119 and a TP at 114. Great Risk/Reward Ratio!
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Good luck and may the odds be ever in your favor!
  • #53,847
  • Dec 17, 2014 3:34pm Dec 17, 2014 3:34pm
I personally wont give out trade recommendations - because I can not control the market!
  • #53,848
  • Dec 17, 2014 3:47pm Dec 17, 2014 3:47pm
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  • #53,849
  • Dec 17, 2014 3:53pm Dec 17, 2014 3:53pm
Quoting Dano12
{image}{image}
hi bro i asked you twice and ask you again would you like to share your green red zizzag indicator if not just say no..i hope you understand english....
Say something meaningful or Silence!!
  • #53,850
  • Dec 17, 2014 3:59pm Dec 17, 2014 3:59pm
Quoting classy
{quote} hi bro i asked you twice and ask you again would you like to share your green red zizzag indicator if not just say no..i hope you understand english....
hey did not see your question,

This is the inductor in the DT in MT4 have many inducers zigzag https://www.google.pl/search?q=zigza...Aqeh8we7rYHQCQ
  • #53,851
  • Dec 17, 2014 4:06pm Dec 17, 2014 4:06pm
overbought
risks are still there...
  • #53,852
  • Dec 17, 2014 4:51pm Dec 17, 2014 4:51pm
On going ....

Attached Image


This place is awfully quiet when price is moving up ..........

Otherwise "I TOLD YOU SO"
  • #53,853
  • Dec 17, 2014 5:10pm Dec 17, 2014 5:10pm
Quoting Rizmeister
{quote} We have already broken that region... Edit: Strong resist at 118.95
doesnt look like it at this point. low volume, seems to be carving through.
  • #53,854
  • Dec 17, 2014 5:11pm Dec 17, 2014 5:11pm
Quoting kasper
{quote} doesnt look like it at this point. low volume, seems to be carving through.

118.95 breached. 119 soon after woot. . A retest of 119.5 in the near future POTENTIALLY
  • #53,855
  • Dec 17, 2014 5:37pm Dec 17, 2014 5:37pm
Quoting eliteincome
Gidday Yen Thinking EUR bounce Can't see one way trip to hell All good trading shorts an longs until it breaks away. Just waiting to see if this pile of turds is going to retrace to 115 Or crawl back through 119:nerd:
YOU supposed be Future Teller, nor a trade, that sure.
  • #53,856
  • Dec 17, 2014 5:41pm Dec 17, 2014 5:41pm
I would still be wary of the tokyo session consolidation (session starts in 18 minutes I think). If the current price acts as support, go long. If we turn to the downside and test it to become a resistance, we short.

Personally, going long RIGHT at this price seems to risky for my books. I prefer to hedge the odds in my favor. Sure, you lose a few dozen pips off your maximum profit, but who in the world is going to bother with perfection in forex? Closing a winning trade is far better than closing a losing trade that used to be a winner, since now you also have to contend with the forgone opportunity cost of profit you once physically had.
  • #53,857
  • Dec 17, 2014 5:42pm Dec 17, 2014 5:42pm
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  • #53,858
  • Dec 17, 2014 5:42pm Dec 17, 2014 5:42pm
Quoting Ken A
On going .... {image} This place is awfully quiet when price is moving up .......... Otherwise "I TOLD YOU SO"
I will be looking for daily close above 119 before adding another position, thinking Asia will push above it, London tomorrow test 120
  • #53,859
  • Dec 17, 2014 5:48pm Dec 17, 2014 5:48pm
Quoting Dano12
{image}
I'm looking for a 50% retracement around 118 if 118.8 decides to be a resistance. Stop loss will probably be around 30pips below whatever price I get. Current momentum seems to be moving past the tumultuous past few days of consecutive losses for the dollar caused by poor stock performance and institutions cashing in on the pair (as well as U.S. businesses paying loans on yen)
  • #53,860
  • Dec 17, 2014 7:46pm Dec 17, 2014 7:46pm
H/S pattern on the 5 min
Good luck and may the odds be ever in your favor!
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