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USD/JPY Discussion

  • #55,461
  • Feb 4, 2015 8:15am Feb 4, 2015 8:15am
see m15 pin? seems breaky.
"I know one thing, that I know nothing." Sokrates
  • #55,462
  • Feb 4, 2015 8:21am Feb 4, 2015 8:21am
Quoting Tom_D_Trader
see m15 pin? seems breaky.
I don't believe in M15, it is too noisy - watching H1, looks promising - but wall around .70-.80 won't be easy to climb over
  • #55,463
  • Feb 4, 2015 8:24am Feb 4, 2015 8:24am
Quoting panthercz
{quote} I don't believe in M15, it is too noisy - watching H1, looks promising - but wall around .70-.80 won't be easy to climb over
Yeh, very noisy. Especially first m15 candle after h1 close could be fake. But the one closing at 45 very often good clue bout h1 close. ,8 wont be a problem, I ve bought a lot .
edit: btw, see, this one was not fake
"I know one thing, that I know nothing." Sokrates
  • #55,464
  • Feb 4, 2015 8:46am Feb 4, 2015 8:46am
Quoting Tom_D_Trader
edit: btw, see, this one was not fake
Market has given, market has taken. Thats what you get for setting stops at BE. Btw, daily fighting for doji here, pretty important place, thats why I counted that m15.
h1 nasty def now. bulls got like 5 mins to push..
"I know one thing, that I know nothing." Sokrates
  • #55,465
  • Feb 4, 2015 8:53am Feb 4, 2015 8:53am
Quoting panthercz
{quote} I don't believe in M15, it is too noisy - watching H1, looks promising - but wall around .70-.80 won't be easy to climb over
patience

wait for tokyo
  • #55,466
  • Feb 4, 2015 9:19am Feb 4, 2015 9:19am
Quoting Ken A
{quote} patience wait for tokyo
Yeah, patience, this is something I almost lost with this choppy pair

...but nice candlestick is forming on H4 - another 40 minutes to wait...
  • #55,467
  • Feb 4, 2015 10:25am Feb 4, 2015 10:25am
Good day every body.
Do you think that we need to wait till end of 19 February? To reach 120?
(19 February is new Chinese year)
Might the pair be affected then?
Thanks.
  • #55,468
  • Feb 4, 2015 2:45pm Feb 4, 2015 2:45pm
H&S on hourly?
  • #55,469
  • Feb 4, 2015 2:47pm Feb 4, 2015 2:47pm
H&S right on a demand area. Which wins out? Guess we will find out
  • #55,470
  • Feb 4, 2015 2:50pm Feb 4, 2015 2:50pm
Europe is in mess and UJ is falling. Now, who's the (king) ultimate safe heaven - JPY or USD ?
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #55,471
  • Feb 4, 2015 4:03pm Feb 4, 2015 4:03pm
Quoting bikov
Europe is in mess and UJ is falling. Now, who's the (king) ultimate safe heaven - JPY or USD ?
Base on the past i think jpy (uj down).
But fundamentally uj should go up (if US really act on reducing qe or increasing int rates, and jpn keep maintaining or increase the stimulus).
But.. as long as no real act by the us, uj will keep pressed down.
just opinion.
  • #55,472
  • Feb 4, 2015 4:29pm Feb 4, 2015 4:29pm
Considering the events over the horizon, going to see good opportunities for a range trade between 117.2 to 117.7 until we reach NFP eventually. I don't see any surprises happening anytime soon.

Scalped long at 117.15 target 117.7.
Luck shines on the positive.
  • #55,473
  • Feb 4, 2015 4:35pm Feb 4, 2015 4:35pm
Quoting YvetteTeo
Considering the events over the horizon, going to see good opportunities for a range trade between 117.2 to 117.7 until we reach NFP eventually. I don't see any surprises happening anytime soon. Scalped long at 117.15 target 117.7.
*eight hours later*

Urgent News: Greece has just declared bankruptcy over the rejection of its bonds as collateral!

*price drops even more*



I'm kidding. But honestly, get ready to fly when charts go awry with a major news in tow.
  • #55,474
  • Edited 4:48pm Feb 4, 2015 4:36pm | Edited 4:48pm
Quoting bikov
Europe is in mess and UJ is falling. Now, who's the (king) ultimate safe heaven - JPY or USD ?
Long term? USD. Abenomics isn't solving the failling domestic economic infrastructure. it helps profits of conglomerates, but the lack of care devoted to the redistribution of the newly printed money in the economy (via consumer consumption) causes it to be less than optimal in revitalizing the economy.

Trickle down economics isn't a myth (it's VERY real), but you also need to have safeguards put in place to ensure the average consumer yields a significant portion of the increase in cash in the economy. Putting too much weight into one side-consumers or firms-just does little or even fucks things up more.

Short term? Because of the US's association with Europe, we might see the dollar fall more.
  • #55,475
  • Feb 4, 2015 7:51pm Feb 4, 2015 7:51pm
Quoting YvetteTeo
Considering the events over the horizon, going to see good opportunities for a range trade between 117.2 to 117.7 until we reach NFP eventually. I don't see any surprises happening anytime soon. Scalped long at 117.15 target 117.7.
Good lord I held on even after the pair visited 117.05 with my SL at 116.8. SL now at BE.
117.7 please!
Luck shines on the positive.
  • #55,476
  • Feb 4, 2015 8:23pm Feb 4, 2015 8:23pm
Quoting mikajap
{quote} did went up, to short i will look for so PA reversal evidence on 118 zone (consolidation area) this can break the upper wedge then go even further up {image}
so it did bounce on the 118. price direction is uncertain now for me .
i will be watching for a breakout below 117 or above 118 before deciding
Reaction is better than Prediction
  • #55,477
  • Feb 4, 2015 11:04pm Feb 4, 2015 11:04pm
one more try...long @117.11...
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 19 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #55,478
  • Feb 5, 2015 1:57am Feb 5, 2015 1:57am
Quoting YvetteTeo
{quote} Good lord I held on even after the pair visited 117.05 with my SL at 116.8. SL now at BE. 117.7 please!
Jeez, took a small profit near BE earlier on and added a long at 117.1 seeing the pair not breaking down. But it ain't going higher even after GBP/JPY continues its climb.

Technically we still have room for upside, but I don't want to hold my scalp till GBP releases later. Going to close my green pips soon.

Edit: Profit taken at 117.33. Keeping just a fraction of the lot for any further upside, otherwise I'd be reconsidering to enter long at a later time.
Luck shines on the positive.
  • #55,479
  • Feb 5, 2015 5:38am Feb 5, 2015 5:38am
Hello.
Why the USD index is falling every now and then?
Thanks
  • #55,480
  • Feb 5, 2015 5:54am Feb 5, 2015 5:54am
Looks like a breakdown occurring now
Attached Image (click to enlarge)
Click to Enlarge Name: 5_2_USD_JPY_Short.gif Size: 37 KB
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