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  • #952,261
  • Jan 20, 2015 12:48pm Jan 20, 2015 12:48pm
Quoting KGP
{quote} i am not quite sure what will happen to be honest... Abe was elected and everyone thought that everything will continue as planned... and now everyone is in doubt whether will eventually continue or temporarily "freeze" the QE ...
QE will go on dont worry about that, its just that its not much pressure at moment and they dont have to go more in. Abe elections and victory was all part of strategic play, to outplay anyone who would dare to gain enough political strenght to pose him as oposition and possibly care to end QEs and change monetary policy of Japan, Abe agreed on preelections and got himself guarded safe 2 years, so he can act on policy as planned, but that doesnt mean he has to be pulling QEs out every 6 months. Give it time. 200% debt rising every year, stock and housing markets addicted to money cant healt itself, it needs QE and globalists will push Kuroda and Abe to do it, otherwise sickness from Japan can aswell start to take system in general.

With that said, i will play JPYs strictly technical, becouse there are no clear fundies signs at moment, at least nothing that could help drive lower TFs.
  • #952,262
  • Jan 20, 2015 1:03pm Jan 20, 2015 1:03pm
USDJPY
I have mentioned move to 123 before and this is how we could get there, quite a few barriers in between.
I will use MPP and WR1 to assess pattern progress, entries and adding on better after retracement.
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We watch the charts from every angle so you don't have to!!
  • #952,263
  • Edited 1:23pm Jan 20, 2015 1:07pm | Edited 1:23pm
uj near this weeks high atm 118.81 last h.. i would not be surprised to see 116.79/89 again, st is targeting 119.65/120.0x min.. but getting to 116.79.89 is below 118.31, where things can change. atm level 118.79

edited 116.81 to 118.81..
those who can, do. those who cant, talk about those who can
  • #952,264
  • Jan 20, 2015 1:09pm Jan 20, 2015 1:09pm
Quoting janpec1000
Break of 552 is long for 10 pips.
why you take long from there for 10 pips.. can you tell me if you dont mind..

note my chart just tell me if would up around 1.1568 maybe above a lil bit..
the true currencies here is patience and react precisely
  • #952,265
  • Jan 20, 2015 1:17pm Jan 20, 2015 1:17pm
Quoting Geppy
{quote} Curious, bud... why bullish right now?
Trade is based on H2, TP will be 1.1605 initially where I plan on trailing some to 1.1620. I am only down 12 pips now, that is of no real concern just yet. Planning on letting this one run past NY close if it still warrants it.
A contrarian; I always disagree.
  • #952,266
  • Jan 20, 2015 1:17pm Jan 20, 2015 1:17pm
resuming downtrend?
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Reaction is better than Prediction
  • #952,267
  • Jan 20, 2015 1:26pm Jan 20, 2015 1:26pm
Quoting mied
{quote} why you take long from there for 10 pips.. can you tell me if you dont mind.. note my chart just tell me if would up around 1.1568 maybe above a lil bit..
Thats what i played, didnt hit TP, was good try still.
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  • #952,268
  • Jan 20, 2015 1:27pm Jan 20, 2015 1:27pm
see a litle buy signal.. might not work but worth trying.. 1.1546 for 1.1555..
the true currencies here is patience and react precisely
  • #952,269
  • Jan 20, 2015 1:27pm Jan 20, 2015 1:27pm
Quoting janpec1000
{quote} QE will go on dont worry about that, its just that its not much pressure at moment and they dont have to go more in. Abe elections and victory was all part of strategic play, to outplay anyone who would dare to gain enough political strenght to pose him as oposition and possibly care to end QEs and change monetary policy of Japan, Abe agreed on preelections and got himself guarded safe 2 years, so he can act on policy as planned, but that doesnt mean he has to be pulling QEs out every 6 months. Give it time. 200% debt rising every year,...

i totally agree with you
  • #952,270
  • Jan 20, 2015 1:29pm Jan 20, 2015 1:29pm
Quoting kill56
{quote} is this close for u levels are with monthly fibs {image}
it happens
those who can, do. those who cant, talk about those who can
  • #952,271
  • Jan 20, 2015 1:35pm Jan 20, 2015 1:35pm
Quoting gatorinla
{quote} it didnt bounce as high as i expected (1669).. a possible chance to that at 1548 ish 1548/1459. if for some reason we make a hh today, it will probably attempt 181x .. not that it will make it.. before ecb news.. personally selling bounces still.. atm high 1638. atm low 1554.. +- 1559 closes may determine future st direction, last h closed below 1559
no bulls atm.. just trend
those who can, do. those who cant, talk about those who can
  • #952,272
  • Jan 20, 2015 1:36pm Jan 20, 2015 1:36pm
Quoting sophiaphia
{quote} 1.1577. have to exit soon. above R2. Folks are short and so we go up into Friday with no exit unless squeezed.
double pinbar or no pinbar. Closed here before hit SL. it's back on it's big trend. US Markets going up with DX right now, bad for this pair.

No time for longs on this pair!
----- Dragonfly out in the sun you know what I mean, don't you know
  • #952,273
  • Jan 20, 2015 1:44pm Jan 20, 2015 1:44pm
Quoting sophiaphia
{quote} double pinbar or no pinbar. Closed here before hit SL. it's back on it's big trend. US Markets going up with DX right now, bad for this pair. No time for longs on this pair!
my problem is 1669 is not reached.. and if we make a new high now, in a new attempt at 1669.. then we could go higher 1817 possible. still a few days till ecb sings.. 1559 +- closes should be watched
those who can, do. those who cant, talk about those who can
  • #952,274
  • Jan 20, 2015 1:49pm Jan 20, 2015 1:49pm
bbl
those who can, do. those who cant, talk about those who can
  • #952,275
  • Jan 20, 2015 1:51pm Jan 20, 2015 1:51pm
Quoting gatorinla
{quote} my problem is 1669 is not reached.. and if we make a new high now, in a new attempt at 1669.. then we could go higher 1817 possible. still a few days till ecb sings
That SNB move skewed that leg. Definitely a pain in the arse for the intraday ECB conference move as it can technically let the door open for a spike in mini intraday Tfs. A break below 1.150x before the new will make things a bit clearer intraday.


sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #952,276
  • Jan 20, 2015 1:59pm Jan 20, 2015 1:59pm
Quoting mied
see a litle buy signal.. might not work but worth trying.. 1.1546 for 1.1555..


Wasnt watching charts missed it, hope you got some green pips.
  • #952,277
  • Jan 20, 2015 2:08pm Jan 20, 2015 2:08pm
Quoting sisse
{quote} That SNB move skewed that leg. Definitely a pain in the arse for the intraday ECB conference move as it can technically let the door open for a spike in mini intraday Tfs. A break below 1.150x before the new will make things a bit clearer intraday. sisse
the best thing may be to get tiny positions 100+- apart or just wait for things to settle . i guess your watching 1559 for clues as i or 1491?
those who can, do. those who cant, talk about those who can
  • #952,278
  • Jan 20, 2015 2:43pm Jan 20, 2015 2:43pm
Quoting gatorinla
{quote} the best thing may be to get tiny positions 100+- apart or just wait for things to settle . i guess your watching 1559 for clues as i or 1491?
Yes indeed with the tiny positions. Especially in my case that I cleared all at 1.158x last Thursday.

On 1.156x I am not really taking it seriously intraday and daily for now. In my books is hanging on air intraday and is a weak support (it can become a key swing support later with weekly after ecb QE, etc). Intraday 1.148x is naked for tomorrow but i really dislike that untested 1.167x for the news play.

Given the importance of the upcoming news, the time and the levels I am playing it with the weekly/monthly combo to avoid getting chop out on the exhaustion move. I am actually betting on a break 1.150x for a test 1.134x / 1.137x (which is a healthy breach to open the leg to parity later) for the news play with intermediate main target at the obvious 1.143x which is the bottom range of the strong and key FA and TA Quarterly/Monthly and weekly support.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #952,279
  • Jan 20, 2015 2:44pm Jan 20, 2015 2:44pm
My speculation
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  • #952,280
  • Jan 20, 2015 2:47pm Jan 20, 2015 2:47pm
Quoting Dano12
My speculation {image}
Great analysis man, thank you.
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