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USD/JPY Discussion

  • #54,741
  • Jan 20, 2015 4:07pm Jan 20, 2015 4:07pm
Quoting Tom_D_Trader
{quote} Primary loading area holds first attempt after top zone bounce. Now prolly tries to take highs. Edit: For the reckon EU on support, so wont be smooth. {image}
So, EU still on support and it wasnt smooth . But currently h4 confirmed break, so am moving stops, not sure exact number, but @ 117,12.
+ BoJ pretty soon causes waves and we are just about in the middle.
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"I know one thing, that I know nothing." Sokrates
  • #54,742
  • Jan 20, 2015 4:22pm Jan 20, 2015 4:22pm
This pair broke above 118.75, will probably find resistance at 119.00.
  • #54,743
  • Edited 5:00pm Jan 20, 2015 4:30pm | Edited 5:00pm
A much more complex correction [iv] than anticipated............
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #54,744
  • Jan 20, 2015 5:26pm Jan 20, 2015 5:26pm
Quoting skyhok
A much more complex correction [iv] than anticipated............ {image}
Plausible but unlikely
  • #54,745
  • Jan 20, 2015 5:33pm Jan 20, 2015 5:33pm
Quoting ahjukartul
{quote} Plausible but unlikely
What's your plan?
Elliott Wave for optimum entry, exit and risk management of trades
  • #54,746
  • Jan 20, 2015 5:41pm Jan 20, 2015 5:41pm
Quoting skyhok
{quote} What's your plan?
117,0 and then 120, 00
  • #54,747
  • Jan 20, 2015 5:49pm Jan 20, 2015 5:49pm
Quoting ahjukartul
{quote} 117,0 and then 120, 00
Anything is possible in a sideways moving correction.
Elliott Wave for optimum entry, exit and risk management of trades
  • #54,748
  • Jan 20, 2015 6:32pm Jan 20, 2015 6:32pm
What time is the Bank of Japan (BOJ) announcement due today?

The Bank of Japan concludes today after a two-day monetary policy meeting.
I hear you asking … What time is the Bank of Japan (BOJ) announcement due today?

  1. Well, here’s the thing … there is no scheduled time for the conclusion of the meeting and subsequent monetary policy statement.
  2. The more there is to discuss and debate, the longer the meeting tends to go … but with no change expected this time around I expect the announcement earlier rather than later.
  3. Look for it some time between 0230-0330GMT, but be ready for it outside that window.
  4. Following on from the announcement Bank of Japan Governor Kuroda will give a press conference. This does have a scheduled time … 0630GMT

What to expect?
Well, there are basically no expectations of any policy change from the BOJ today. Many analysts do see further BOJ easing later in 2015 (I’ll have more on this soon).
I’ve been banging on a bit lately about how I am sensing a change in the communications from the BOJ that may mean an end to further expansion of monetary policy stimulus …. which of course would mean a yen positive. Yeah, like that worked real well this week http://assets.forexlive.com/wp-inclu...s/icon_sad.gif
Here are some of my recent posts on the matter:

Conclusion : No monetary policy change till Oct 2015
Courtesy : Forexlive

Scoobi doobi doo
  • #54,749
  • Jan 20, 2015 6:48pm Jan 20, 2015 6:48pm
Quoting thegmann
boingggg {image}
stillllll climbing...albeit as slow as watching paint dry.
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  • #54,750
  • Jan 20, 2015 7:11pm Jan 20, 2015 7:11pm
Quoting thegmann
{quote} stillllll climbing...albeit as slow as watching paint dry.
Trade the CHF pairs !!!

It takes a lot for me to IGNORE you, but you can try.
  • #54,751
  • Jan 20, 2015 7:20pm Jan 20, 2015 7:20pm
Quoting Erebus
{quote} Trade the CHF pairs !!!
I prefer geppy.
  • #54,752
  • Jan 20, 2015 7:23pm Jan 20, 2015 7:23pm
Quoting thegmann
{quote} I prefer geppy.
I like him too
check out my blog: forexmademillionaire dot com
  • #54,753
  • Jan 20, 2015 7:26pm Jan 20, 2015 7:26pm
Quoting Geppy
{quote} I like him too
  • #54,754
  • Jan 20, 2015 8:04pm Jan 20, 2015 8:04pm
Quoting Tom_D_Trader
+ BoJ pretty soon causes waves and we are just about in the middle.
Last time they announced those Statements about 12:30 pm. That h4 just wants to correct. Got stops for this zone entry at 118,13 :/, pretty close, bad timing.
"I know one thing, that I know nothing." Sokrates
  • #54,755
  • Edited 9:19pm Jan 20, 2015 8:46pm | Edited 9:19pm
Quoting Tom_D_Trader
That h4 just wants to correct. Got stops for this zone entry at 118,13 :/, pretty close, bad timing.
Well too much speed it is going to kill me like in 2 sec, but this was lol .
Edit: I still live! Btw, see that white line? Thats about time when I expect BoJ . But who knows.
Attached Image (click to enlarge)
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"I know one thing, that I know nothing." Sokrates
  • #54,756
  • Jan 20, 2015 9:31pm Jan 20, 2015 9:31pm
...
https://www.boj.or.jp/en/announcemen...5/k150121a.pdf
...
feck should have deleted SL. So seems the r prolonging some facilities. thats good news.
though lowering forecasts for growth 2014, revising 2015+, moderate.
"I know one thing, that I know nothing." Sokrates
  • #54,757
  • Jan 20, 2015 9:36pm Jan 20, 2015 9:36pm
Quoting Tom_D_Trader
... https://www.boj.or.jp/en/announcemen...5/k150121a.pdf ... feck should have deleted SL. So seems the r prolonging some facilities. thats good news. though lowering forecasts for growth, no good.
I am poor at this. Pure tech trader. What does it entail?
  • #54,758
  • Jan 20, 2015 9:37pm Jan 20, 2015 9:37pm
Up or down based off that report?
  • #54,759
  • Jan 20, 2015 9:40pm Jan 20, 2015 9:40pm
I am buying but am not a signal service and actually pretty noob.
"I know one thing, that I know nothing." Sokrates
  • #54,760
  • Jan 20, 2015 9:41pm Jan 20, 2015 9:41pm
Quoting Tom_D_Trader
I am buying but am not a signal service and actually pretty noob.
Oh no need for signal. I already bought because its already a full deviation away for daily move. Was merely asking.
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