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USD/JPY Discussion

  • #55,941
  • Feb 12, 2015 8:42pm Feb 12, 2015 8:42pm
From an Elliott Wave perspective, we finished the triangle that all traders saw. The upward thrust was the first of five waves. We are about 1/2 way through a wave 2 short. When it concludes, it's off to the races long for this pair. Then a 4th and finally a 5th. Then this pair will crumble.
  • #55,942
  • Feb 12, 2015 10:13pm Feb 12, 2015 10:13pm
Quoting Idkurv
{quote} But now I am long for scalp only. Tp 119.2 - missed few pips away before retrace. Tp2 119.7 will see. could be wrong. my 2 cents.
did not work very well..
now we have double bottom.
I am still long with tp 119.2 and 119.7
sl 118.4
  • #55,943
  • Feb 12, 2015 10:20pm Feb 12, 2015 10:20pm
Quoting Idkurv
{quote} did not work very well.. now we have double bottom. I am still long with tp 119.2 and 119.7 sl 118.4
Still going down..
Hope I survive.
  • #55,944
  • Feb 12, 2015 10:24pm Feb 12, 2015 10:24pm
Quoting Idkurv
{quote} did not work very well.. now we have double bottom. I am still long with tp 119.2 and 119.7 sl 118.4
Must break above 119.3 to confirm bullish (short tf) imho.
This is risky trade as against main trend (bearish bias)
Could be wrong.
  • #55,945
  • Feb 12, 2015 10:32pm Feb 12, 2015 10:32pm
Gidday YEN

Still holding longs+ 120 be good

chased down few shorts

choppy trading

should have stayed a wake
  • #55,946
  • Feb 12, 2015 10:46pm Feb 12, 2015 10:46pm
my current open position:
long uj. tp 119.2 and 119.7, sl 118.4
short xau tp 1225
short eu tp 1.35

precaution: this is risky trade as against main trend (as per my definition and per my personal view only).
my 2 cents.
  • #55,947
  • Feb 12, 2015 10:46pm Feb 12, 2015 10:46pm
Quoting notsocasual
From an Elliott Wave perspective, we finished the triangle that all traders saw. The upward thrust was the first of five waves. We are about 1/2 way through a wave 2 short. When it concludes, it's off to the races long for this pair. Then a 4th and finally a 5th. Then this pair will crumble.
I hope this becomes true soon.I have a long position from 119.50 and I am still waiting for the price to come back up again. :'(
  • #55,948
  • Feb 12, 2015 11:20pm Feb 12, 2015 11:20pm
Quoting Idkurv
my current open position: long uj. tp 119.2 and 119.7, sl 118.4 short xau tp 1225 short eu tp 1.35 precaution: this is risky trade as against main trend (as per my definition and per my personal view only). my 2 cents.
closed my eu short.
long eur tp 1.47
  • #55,949
  • Feb 12, 2015 11:24pm Feb 12, 2015 11:24pm
sorry, I forgot this is uj thread.
I will stop post other currency unless I see relevancy with uj.
  • #55,950
  • Feb 12, 2015 11:40pm Feb 12, 2015 11:40pm
Quoting notsocasual
From an Elliott Wave perspective, we finished the triangle that all traders saw. The upward thrust was the first of five waves. We are about 1/2 way through a wave 2 short. When it concludes, it's off to the races long for this pair. Then a 4th and finally a 5th. Then this pair will crumble.
Hello,Do you think that this wave ends on 117.60 maybe?Thank you
  • #55,951
  • Feb 12, 2015 11:50pm Feb 12, 2015 11:50pm
Quoting Idkurv
my current open position: long uj. tp 119.2 and 119.7, sl 118.4 precaution: this is risky trade as against main trend (as per my definition and per my personal view only). my 2 cents.
I lower my tp to 118.700.
and will see what happens.
  • #55,952
  • Feb 13, 2015 1:02am Feb 13, 2015 1:02am
short on USDJPY. Bears time again
Profit is on the other side of your mind
  • #55,953
  • Feb 13, 2015 1:28am Feb 13, 2015 1:28am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 25 KB


Entered 2 longs 118.80 TP 119.95:
118.75 TP 119.10
Will see how it goes.
  • #55,954
  • Feb 13, 2015 1:53am Feb 13, 2015 1:53am
Quoting Repsaj
{quote} I think it's premature to go long. I think it has more potential bearish. {image}
tp reached for 88 pips gain
Attached Image (click to enlarge)
Click to Enlarge Name: uj88.PNG Size: 80 KB
Check your emotions. How are you?
  • #55,955
  • Feb 13, 2015 2:56am Feb 13, 2015 2:56am
Quoting Idkurv
{quote} I lower my tp to 118.700. and will see what happens.
My long is still open, tp1 back to original plan 119.2, but tp2 I lower it to 119.5.
My lower tp2 does not eliminate chance of going higher.
Will reassess if tp hit.
  • #55,956
  • Feb 13, 2015 3:53am Feb 13, 2015 3:53am
Today I made many errors.
I had floating profit on uj, tp 119.2 missed few pips away (around 9 hours ago) , I should have closed it and tried to reload long when it went down further. But I did not. Error #1.
I had bullish bias on eu and xau, I traded against it for scalp purpose. Error #2.
I traded in quiet market. Error #3.

still gain 3% green pips today, but with more effort.
Thoses errors made me exhausted.
  • #55,957
  • Feb 13, 2015 5:24am Feb 13, 2015 5:24am
My opinion. Usdjpy have potential bearish ... 118.000 aprox.

Analisys correction mayor and correlations waves.
I think that at least the currency pair reach, what the chart shows 38% fibo.
Attached Image (click to enlarge)
Click to Enlarge Name: uj4bear.PNG Size: 130 KB
Check your emotions. How are you?
  • #55,958
  • Feb 13, 2015 5:59am Feb 13, 2015 5:59am
Closed my longs, few pips profit.
  • #55,959
  • Feb 13, 2015 6:12am Feb 13, 2015 6:12am
So we're going back in the triangle for a wave E, before definitive leg up?
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 76 KB
Per aspera ad astra
  • #55,960
  • Feb 13, 2015 8:52am Feb 13, 2015 8:52am
longs are still in play http://www.easyfreesmileys.com/smileys/dancing-baby.jpg
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