USD/JPY Discussion | Page 2796 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #55,901
  • Feb 12, 2015 11:42am Feb 12, 2015 11:42am
Quoting teddybomber
{quote} It probably would have, except for the random comments at 3:15 am about the currency being weak enough, which just happened to coincide with the UJ finding support at 120 and starting to advance upwards again. The BoJ probably does not want it above 120, so that could be the last time we see it for a while potentially. Or maybe it will miraculously recover and be above 120 again by tomorrow. But I wouldn't count on that.
Think now week is lost for bulls as SaP breaking highs and also Oil going up. Rumour or not rumour, USD weakens and JPY not stable. Long term trend still same call from me. Long time to close month . Currently am intraday mostly long GBP/USD. G/J and U/J holding long term positions, UJ stops below 118,12.
"I know one thing, that I know nothing." Sokrates
  • #55,902
  • Feb 12, 2015 12:02pm Feb 12, 2015 12:02pm
Quoting Ken A
Those betting on never see 120.00 again please raise the hand ............. Before the facts of course ..................

I'm in...but for the next 2 years let's say, not betting for next 30 years . Right now with only 0.05 lots but will add more if I smell more weakness. If I loose..not gonna be the first time.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #55,903
  • Feb 12, 2015 12:03pm Feb 12, 2015 12:03pm
here's the position
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h1-elite4x-limited-uk.png Size: 140 KB
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #55,904
  • Feb 12, 2015 12:06pm Feb 12, 2015 12:06pm
Quoting Idkurv
2 bullish pin bar 5m. 1 bullish pin bar 15m. 1 doji 30m. might retrace going up. but I do not dare to long. if long ensure tight sl.
Ok, cannot resist the temptation.
Long tp 119.2 and 119.7.
will see.
could be wrong.
  • #55,905
  • Feb 12, 2015 12:06pm Feb 12, 2015 12:06pm
yes no mistake again , it rebounded from my golden cross
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m5-benchmark-finance-3.png Size: 100 KB
  • #55,906
  • Feb 12, 2015 12:10pm Feb 12, 2015 12:10pm
Quoting bikov
{quote} I'm in...but for the next 2 years let's say, not betting for next 30 years . Right now with only 0.05 lots but will add more if I smell more weakness. If I loose..not gonna be the first time.
You could be right - so far market is still in risk-on mode so the chance to shoot higher is still there ........

This is not the first time BOJ/Japan wanted strong JPY for whatever reasons - it's like a monthly ritual on regular basis
  • #55,907
  • Feb 12, 2015 12:12pm Feb 12, 2015 12:12pm
Quoting Tom_D_Trader
{quote} Think now week is lost for bulls as SaP breaking highs and also Oil going up. Rumour or not rumour, USD weakens and JPY not stable. Long term trend still same call from me. Long time to close month . Currently am intraday mostly long GBP/USD. G/J and U/J holding long term positions, UJ stops below 118,12.
Shouldn't we reach 122 as completion of Elliott wave #5 on daily chart before going down?What do you think? Thanks
  • #55,908
  • Feb 12, 2015 12:15pm Feb 12, 2015 12:15pm
Time to sleep now.
Happy green pips!
  • #55,909
  • Feb 12, 2015 12:18pm Feb 12, 2015 12:18pm
Quoting Ken A
Those betting on never see 120.00 again please raise the hand ............. Before the facts of course ..................
from my technical view.. it will up till 119.323 and small rebound because of ichimoku.. then up till 119.990-120.064.. then down again after boj this wednesday...

let see..
  • #55,910
  • Feb 12, 2015 12:19pm Feb 12, 2015 12:19pm
Quoting subs111
{quote} Shouldn't we reach 122 as completion of Elliott wave #5 on daily chart before going down?What do you think? Thanks
Not sure, its my waves, not Eliotts . But am aiming a bit above:
Quoting Tom_D_Trader
Result: It is gonna break and I am going to have shower in cash . I also include my TPs - 123,78 125,17 126,48. It is just a bit below wave 1 shoot targets - 123,8 125,2 126,55 ..... if megashot 127,9 and max 129,26. {image} {image} {image}
Quoting Tom_D_Trader
I believe we are about to break wave 4 top of previous one. mid term - Structure of wave 1 consists of little abc - abcde consolidations followed by break. The closer to top, the higher degrees of corrections and the shorter dates. Due to mumbo saying wave 1 should break wave 4, think subwave 5 top is fake and we are about to go boom. Fundamental: As Japans closed all those factories after Fukushima, are heavily import dependent on energy. Slumping commodity prices are huge boost for them. Think it is going to give Kuroda and Abe san enough political...
The problem is, my analysis is kinda based on fact they continue with monetary expasion. I dont like such news as today as it would invalidate my FA view. So am waiting for official confirm my plan sucks . But so far havent heard any reliable source saying they are gonna stop easing, neither saw any BoJ action. Market sentiment however works against me now. I hope is short term.

T
"I know one thing, that I know nothing." Sokrates
  • #55,911
  • Feb 12, 2015 12:23pm Feb 12, 2015 12:23pm
maybe go like this?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #55,912
  • Feb 12, 2015 12:29pm Feb 12, 2015 12:29pm
Quoting Ken A
{quote} You could be right - so far market is still in risk-on mode so the chance to shoot higher is still there ........ This is not the first time BOJ/Japan wanted strong JPY for whatever reasons - it's like a monthly ritual on regular basis
Maybe US is scared of a strong dollar or maybe just TP from those entered < 100, who knows.. I just follow PA and I'm not some follower of any elliot w, gann or whatever method for prediction. All I see now is that the sellers are defending 120 like Russians defended Stalingrad. Sentiment is still risk on, agree but it may change direction in a minute. Bonds are telling a story also, and it's not a story about recovery.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #55,913
  • Feb 12, 2015 12:31pm Feb 12, 2015 12:31pm
Quoting Ken A
{quote} If you are trading pure technical, lose all the indicators, trendline, etc etc Observe how price reacting to the horizontal demand and supply zone .......... Adding indicator is not going to help because price is driven by market not by indicator ......
i got very old strong resistance below the cloud line..

old chart again..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB
  • #55,914
  • Feb 12, 2015 12:40pm Feb 12, 2015 12:40pm
does anyone know the reason behind the 3:25am major pip move on U/J
  • #55,915
  • Feb 12, 2015 12:40pm Feb 12, 2015 12:40pm
http://www.efxnews.com/story/27906/u...-goldman-sachs
  • #55,916
  • Feb 12, 2015 12:43pm Feb 12, 2015 12:43pm
look how it rebounded from the golden cross . but there will be another dip
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m5-benchmark-finance.png Size: 100 KB
  • #55,917
  • Feb 12, 2015 12:49pm Feb 12, 2015 12:49pm
Maybe FED's action and BoJ printing are already priced in this levels? who knows..but in a situation where almost everybody (BoJ,ECB,BoC,RBA..) are printing or cuting rates, not much space for FED hiking this year, beside all those talks about rate hiking. I found a statement from a member of BoE from 2011 where he said that rising of the rates are very near . But let's see how it goes here, if I'm wrong SL will stop the disaster and I'll join the trend and blowing up the 120.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #55,918
  • Feb 12, 2015 12:53pm Feb 12, 2015 12:53pm
This is how it looks in my chart now. Triangle mid - thats the grey down there, holds and currently testing weekly close level - thats the gold one. Important decision point in my charts. A bit above is that grey ressistance zone and thats not a nice one. I dont expect bulls are gonna make it above today. But, who knows huh? Rumours bring us down, reason could well bring us up.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 86 KB
"I know one thing, that I know nothing." Sokrates
  • #55,919
  • Feb 12, 2015 12:55pm Feb 12, 2015 12:55pm
Quoting Tom_D_Trader
This is how it looks in my chart now. Triangle mid - thats the grey down there, holds and currently testing weekly close level - thats the gold one. Important decision point in my charts. A bit above is that grey ressistance zone and thats not a nice one. I dont expect bulls are gonna make it above today. But, who knows huh? Rumours bring us down, reason could well bring us up. {image}
Interesting. I have next short loaded up at 119.20
  • #55,920
  • Edited 1:20pm Feb 12, 2015 1:00pm | Edited 1:20pm
Quoting Nate04
{quote} Interesting. I have next short loaded up at 119.20
Edit: I am sorry as have made wrong statement. Orange line in Grey ressist zone aint that daily trendline, coz it is twisted in mt4 m5 chart. Sorry for that.
"I know one thing, that I know nothing." Sokrates
91 traders viewing now