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USD/JPY Discussion

  • #54,101
  • Dec 29, 2014 10:54pm Dec 29, 2014 10:54pm
short with sl 120.81
  • #54,102
  • Dec 30, 2014 1:48am Dec 30, 2014 1:48am
uj drop like a rock on the bulls ..........while the bears celebrate.
  • #54,103
  • Dec 30, 2014 1:50am Dec 30, 2014 1:50am
Goodness !!
  • #54,104
  • Dec 30, 2014 2:22am Dec 30, 2014 2:22am
hello everybody,,,i try make some plan in this afternoon (indonesia time) at USD/JPY pair.

Attached Image (click to enlarge)
Click to Enlarge Name: aaa.png Size: 47 KB


we can see at H1 timeframe, look at red arrow, we can see that the price form the wave UP
now we see at blue arrow,,seen the price trying to correction from wave up before,,
support levels which became a point of observation to find open position buy you can see the magenta horizontal line,,
the level is 118.80, 118.24, 116.42 and 115.53,,,
hope the price will continue moving up again after down correction

happy trading
  • #54,105
  • Dec 30, 2014 2:25am Dec 30, 2014 2:25am
buy the dip
  • #54,106
  • Dec 30, 2014 2:27am Dec 30, 2014 2:27am
119.5 may become resistance now
  • #54,107
  • Dec 30, 2014 2:39am Dec 30, 2014 2:39am
Quoting stringfx
Hello Folks, Hope everyone had splendid holidays and celebrations. I know i did. We have very thin volume of trading so it's best to stay out unless you are looking in the range of 3-5 pips for quick in and outs. Although the main direction seems to be up, on my chart a daily fractal is formed indicating the end of a wave and we are already in overbought area. This could mean that we could retrace to at least 38.2 %. so my sincere advice is to wait it out until the retracement is over, so that you get a better price to go long. 38.2 retracement...
Thanks, your analysis proved right!

My Buy limits were triggered when I was not at my PC at 119.50 and 119.87. Now will have to wait and hope for the best. TP 121.80
  • #54,108
  • Dec 30, 2014 2:50am Dec 30, 2014 2:50am
if it loses power from here it will come down again like a rock this us session....worse if consumer confidence numbers disappoints.
  • #54,109
  • Dec 30, 2014 2:59am Dec 30, 2014 2:59am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_H4.gif Size: 142 KB
  • #54,110
  • Dec 30, 2014 3:11am Dec 30, 2014 3:11am
'Approximately 8-10 times (business days) per month. The Bank may increase it
as needed.' - BOJ

get the timing right, expect the unexpected and mark in calendar 30 January 2015 5pm.
  • #54,111
  • Dec 30, 2014 3:11am Dec 30, 2014 3:11am
intraday trend is down
  • #54,112
  • Dec 30, 2014 3:16am Dec 30, 2014 3:16am
The Japanese government has just announced a corporate tax cut... (plus bonus free girlie pic)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-12-30 Screenshot - SA market current about the Japanese corporate tax cut.jpg Size: 89 KB
Click to Enlarge Name: 2014-12-30 Screenshot - GFT - dollar-yen drops off a cliff.jpg Size: 58 KB
Click to Enlarge Name: 2014-12-30 Screenshot - GFT - euro-yen drops off a cliff.jpg Size: 59 KB
Click to Enlarge Name: 2014-12-30 Screenshot - GFT - pound-yen drops off a cliff.jpg Size: 59 KB
Click to Enlarge Name: 8DallasCowboys.jpg Size: 70 KB
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #54,113
  • Dec 30, 2014 3:23am Dec 30, 2014 3:23am
Quoting Mpt
119.5 may become resistance now
As 119.5/6/7 ish stays as resistance, expect 117x later. That being the case, Uj's correction DID NOT simply finish at 115. It is in a large triangle - that will eventually become bullish.

If it had been in a very small triangle, then 119.5 should have contained it. That was, obviously, not the case.

GJ should have held on the way down at about 185.8/9. It didn't. Same argument may apply there as well.
  • #54,114
  • Dec 30, 2014 3:44am Dec 30, 2014 3:44am
Folks,
The fractal on daily did the trick.
IT looks like a good retracement is on the way. Hope it goes to at least 50%. I will start buying small from 50%.
So far 76.4 seems to have stopped it. Maybe some more stop hits can stall it down to 61.8 as well... anyway the plan is to wait for the best entry long.
Attached Image
STING
  • #54,115
  • Dec 30, 2014 3:48am Dec 30, 2014 3:48am
New Zealand dollar seems to be on steroids. gbp/nzd and eur/nzd crosses are moving like there is no tomorrow.
STING
  • #54,116
  • Dec 30, 2014 4:13am Dec 30, 2014 4:13am
Quoting stringfx
Folks, The fractal on daily did the trick. IT looks like a good retracement is on the way. Hope it goes to at least 50%. I will start buying small from 50%. So far 76.4 seems to have stopped it. Maybe some more stop hits can stall it down to 61.8 as well... anyway the plan is to wait for the best entry long. {image}

I've had a look at different alt counts and these yen pairs seems very confusing for me at the moment, so i have decided to stay away until the high of 121.84 is taken out. This bear candle is not a slow chop... it means business!!
STING
  • #54,117
  • Dec 30, 2014 4:19am Dec 30, 2014 4:19am
Quoting LouiseZA
{quote} Thanks, your analysis proved right! My Buy limits were triggered when I was not at my PC at 119.50 and 119.87. Now will have to wait and hope for the best. TP 121.80
No SL??

Take care friend.
STING
  • #54,118
  • Dec 30, 2014 4:27am Dec 30, 2014 4:27am
@stringfx
where do you recon UJ is headed? full retrace or bears are poking their heads out?

start of a short term bear round?
  • #54,119
  • Dec 30, 2014 4:34am Dec 30, 2014 4:34am
USDJPY will rebound above 120 and we will see new highs in January, markets are waiting for PM Abe new strategy.
  • #54,120
  • Dec 30, 2014 4:35am Dec 30, 2014 4:35am
http://www.efxnews.com/story/27415/c...-signal-ex-jpy
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