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USD/JPY Discussion

  • #56,261
  • Mar 3, 2015 7:39pm Mar 3, 2015 7:39pm
just to note that monthly RSI is highest in the last 20 and more years. i'm not saying that it cannot rise from here regarding that the markets can be overbought for a long time BUT is it wise to load longs from here ? i have sell here, R/R ratio favors bears here i guess..
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"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #56,262
  • Mar 3, 2015 11:42pm Mar 3, 2015 11:42pm
Quoting bikov
just to note that monthly RSI is highest in the last 20 and more years. i'm not saying that it cannot rise from here regarding that the markets can be overbought for a long time BUT is it wise to load longs from here ? i have sell here, R/R ratio favors bears here i guess.. {image}
when i look at 4h tf, i see clear hidden support.
i am worry of taking any short position, bulls are hiding something
  • #56,263
  • Mar 3, 2015 11:54pm Mar 3, 2015 11:54pm
the best scenario for today, bulls controlling the ring.
i think
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  • #56,264
  • Mar 4, 2015 12:08am Mar 4, 2015 12:08am
Quoting Feela
the best scenario for today, bulls controlling the ring. i think {image}
on the contrary, clearyly this is a bear setup... weekly chart
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There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #56,265
  • Mar 4, 2015 12:38am Mar 4, 2015 12:38am
What I like in forex. For me weekly is ranging but the SMAs show possibility of a trend continuation. They all point up. Of course there is also that double top around 120,7. and the fact we went back under 120.

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Now on H4 you see the 50 fib support at 119,3 looks quite supportive.

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So I will call it a range. Let us see what happens when we reach those levels (120,7/119,3)

But your analysis is as vallid as mine.
  • #56,266
  • Mar 4, 2015 12:41am Mar 4, 2015 12:41am
Quoting bdsilvano
{quote} on the contrary, clearyly this is a bear setup... weekly chart {image}
yes, but long for today
  • #56,267
  • Mar 4, 2015 2:24am Mar 4, 2015 2:24am
Still want to short 120.000 area...probably more like 119.920 - 120.000
Simon says die
  • #56,268
  • Mar 4, 2015 2:53am Mar 4, 2015 2:53am
there is nothing to lift USDYPY that high(120)
There is a winner and a loser, nothing in between.
  • #56,269
  • Mar 4, 2015 2:57am Mar 4, 2015 2:57am
Quoting buytosell
there is nothing to lift USDYPY that high(120)
Pretty sure you were saying no one's selling this market?
Simon says die
  • #56,270
  • Mar 4, 2015 3:13am Mar 4, 2015 3:13am
Quoting SimonPhoenix
{quote} Pretty sure you were saying no one's selling this market?
Yes, selling JPY is USDJPY up.


That was 18 hours ago and I was talking about yen not USDJPY...and I was correct...look chart.
Quoting buytosell
no one is selling yen anymore.
There is a winner and a loser, nothing in between.
  • #56,271
  • Mar 4, 2015 3:15am Mar 4, 2015 3:15am
Motion motion motion
  • #56,272
  • Mar 4, 2015 3:39am Mar 4, 2015 3:39am
Quoting SimonPhoenix
Looking for shorts in the 120.000 area
I said at 6:02am that I'm looking for shorts

What happened?

The market sold off look

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Don't know why you're talking about the yen...this is USDJPY thread.
Simon says die
  • #56,273
  • Mar 4, 2015 3:42am Mar 4, 2015 3:42am
Quoting SimonPhoenix
....Don't know why you're talking about the yen...this is USDJPY thread.

because JPY is part of USDJPY !!
There is a winner and a loser, nothing in between.
  • #56,274
  • Mar 4, 2015 3:45am Mar 4, 2015 3:45am
Quoting SimonPhoenix
{quote} I said at 6:02am that I'm looking for shorts What happened? The market sold off look {image} Don't know why you're talking about the yen...this is USDJPY thread.
lol,,,you make me laugh
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #56,275
  • Mar 4, 2015 3:47am Mar 4, 2015 3:47am
So what?

I look at the USD for context but I don't place all my weight on it jeez
Simon says die
  • #56,276
  • Mar 4, 2015 3:54am Mar 4, 2015 3:54am
Look at all the orders coming in to sell you sure you want to be long?

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Simon says die
  • #56,277
  • Mar 4, 2015 3:55am Mar 4, 2015 3:55am
Quoting SimonPhoenix
Look at all the orders coming in to sell you sure you want to be long? {image}
no im short here alright, but you just make me laugh when you say "....Don't know why you're talking about the yen...this is USDJPY thread.".... thats all
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #56,278
  • Mar 4, 2015 3:57am Mar 4, 2015 3:57am
for your info why usd/jpy is tanking......
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There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #56,279
  • Mar 4, 2015 3:57am Mar 4, 2015 3:57am
Quoting bdsilvano
{quote} no im short here alright, but you just make me laugh when you say "....Don't know why you're talking about the yen...this is USDJPY thread.".... thats all
I just think there's more to currency pair trading then looking at the opposite pair.

I don't even look at the yen and I know I want to be short, just saying.
Simon says die
  • #56,280
  • Mar 4, 2015 4:02am Mar 4, 2015 4:02am
Quoting SimonPhoenix
Look at all the orders coming in to sell you sure you want to be long? {image}

I do not give a shit how you trade. Trade any way you want.
There is a winner and a loser, nothing in between.
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