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USD/JPY Discussion

  • #54,161
  • Dec 30, 2014 5:40pm Dec 30, 2014 5:40pm
Quoting Ata-Turkoglu
{quote} IMO it looks like some descending wedge is forming.. With two possible targets at the wedge base line 117.75 area and 116.35 area if this pattern continues to forming. Happy New Year {image}

Thanks mate. That's roughly what I was suggesting. Let's see if we're both right - or both wrong. If we're both right, there's no back slapping and high five-ing. And if we're both wrong, there's no shame in at least having tried.

Happy New Year.
  • #54,162
  • Dec 30, 2014 7:03pm Dec 30, 2014 7:03pm
The end yeah USDJPY profit taking and stop order triggering is real. Or should I say it's time to buy on dips?? Or are we done with the profit taking yet as JPY heading into a 3-day break?
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #54,163
  • Dec 30, 2014 7:52pm Dec 30, 2014 7:52pm
Quoting reclude82
{quote} doesn't bother u rsi 83 on monthly chart? 😃
Not really, overbought can stay overbought for a while and on a monthly chart that can take us well into next year.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #54,164
  • Dec 30, 2014 8:50pm Dec 30, 2014 8:50pm
Are we seeing the end of 120.xxx ??

ABE-san is telling all his citizen that pay will rise with the corp rate tax cut. This will be translated to better consumer spending, potentially a better CPI.

Does the US wants to see the dollar weakening against the YEN, which is now deem a better safe haven? Did Abe-san speak about cutting down on QE?

  • #54,165
  • Dec 31, 2014 2:41am Dec 31, 2014 2:41am
i think that China and Russia cooperation is behind the USD fall.
  • #54,166
  • Dec 31, 2014 2:45am Dec 31, 2014 2:45am
USD/JPY trend still bearish until new year to 118.50...
  • #54,167
  • Dec 31, 2014 3:17am Dec 31, 2014 3:17am
Intraday outlook is up - lo consolidate for breaking up untill newyork
  • #54,168
  • Dec 31, 2014 4:17am Dec 31, 2014 4:17am
In my honest opinion, price is still in bearish mode. So far, from last evening's fall, we have retraced 50% exactly in my chart (3 waves up). Now with this bearish price action, i am expecting a down move to 117.89 in which case AB will be equal to CD ( 100% expansion).

two charts displayed, one showing retracement to 50% up and next with an expansion of 100% (possible target) before next move up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ Ret.JPG Size: 59 KB
Click to Enlarge Name: Uj expansion.JPG Size: 52 KB
STING
  • #54,169
  • Dec 31, 2014 4:19am Dec 31, 2014 4:19am
Quoting Jubata
USD/JPY trend still bearish until new year to 118.50...
Hi Jubata,
I have no idea where it will reach by new year.
But I am bearish targeting 117.4.
Could be wrong though.
  • #54,170
  • Dec 31, 2014 5:57am Dec 31, 2014 5:57am
Quoting Mpt
{quote} Thanks mate. That's roughly what I was suggesting. Let's see if we're both right - or both wrong. If we're both right, there's no back slapping and high five-ing. And if we're both wrong, there's no shame in at least having tried. Happy New Year.
You're welcome Mpt,

My main indicator is ichimoku. As time passes I noticed on 4H price is now inside the cloud (slows the speed down), on 1H we have still strong bearish movement (again keep in mind it is slowed down by 4H), we need more data to detect a possible turn. Right now it seems like we still could be right. But who cares? We trade what we see anyway

Happy New Year
Focus only on what truly matters!
  • #54,171
  • Dec 31, 2014 6:03am Dec 31, 2014 6:03am
Quoting Rizmeister
Long from 118.99 I like that number.
Hi buddy. I am long too froom 119.48
"I'm not answering stupid questions."
  • #54,172
  • Dec 31, 2014 9:43am Dec 31, 2014 9:43am
just shorted UJ tp 113.90
  • #54,173
  • Dec 31, 2014 9:57am Dec 31, 2014 9:57am
Quoting cobracoder
just shorted UJ tp 113.90
Lol boy did you get screwed right there.... Year end stay out dude
  • #54,174
  • Dec 31, 2014 10:06am Dec 31, 2014 10:06am
Quoting whatever007
{quote} Yes 119 looks like a decent spot to me, might be the last time we see under 120 for a long time.
Wow, nice squeeze to end the year. Good spot to take a little off and keep a ticket for the New Year's blast off.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #54,175
  • Dec 31, 2014 10:39am Dec 31, 2014 10:39am
Quoting fxtradeabi
{quote} Lol boy did you get screwed right there.... Year end stay out dude
too early to tell.....he may not be scalping
  • #54,176
  • Dec 31, 2014 10:51am Dec 31, 2014 10:51am
Quoting skyway
{quote} too early to tell.....he may not be scalping
Hope he's trading with .01 lots sizes cause he's going to be waiting a looooong time before 113 is hit...
  • #54,177
  • Dec 31, 2014 11:11am Dec 31, 2014 11:11am
Quoting skyway
{quote} too early to tell.....he may not be scalping
Yeah but 113?? Not for awhile. Also the lil run up now of 50 pips isn't scalping. That's a decent chunk of money there for those 50 pips with a decent pip value.
  • #54,178
  • Jan 1, 2015 6:14am Jan 1, 2015 6:14am
http://harmonicelliottwave.blogspot....nd-beyond.html
'Outlook for dollar in 2015 and beyond'

Happy New Year 'wavers'.
Cheers,
U2
Wait, or you will be slaughtered!
  • #54,179
  • Jan 1, 2015 4:20pm Jan 1, 2015 4:20pm
Planning a long here. A little aggressive.

Entry: 119.46
Stop: 119.33
Target: 120.2

Take profit strategy: Move stops to newly formed lows.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.PNG Size: 28 KB
--
  • #54,180
  • Jan 1, 2015 7:33pm Jan 1, 2015 7:33pm
Quoting whatever007
{quote} Wow, nice squeeze to end the year. Good spot to take a little off and keep a ticket for the New Year's blast off.
New Years blastoff yowza.
Soar on my wings, you'll touch the hand of God, he'll make you King.
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