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USD/JPY Discussion

  • #56,421
  • Mar 11, 2015 6:44am Mar 11, 2015 6:44am
UJ is unable to make clear rally above 121.50 after yesterday the Dollar lost momentum around 122.00 and pulled back sharply.
  • #56,422
  • Mar 12, 2015 4:48am Mar 12, 2015 4:48am
Enter Fresh Short Target 120.6 - 120.2 - 119.8
  • #56,423
  • Mar 12, 2015 5:21am Mar 12, 2015 5:21am
if 5 wave it is broken 5 so AB = CD 100% and one more option of a triangle
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  • #56,424
  • Mar 12, 2015 5:44am Mar 12, 2015 5:44am
USDJPY bears multiple supports on the downside, 121, 120.80 and 120.25 are the numbers.
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  • #56,425
  • Mar 12, 2015 7:37am Mar 12, 2015 7:37am
Quoting Idkurv
Short UJ tp 120.6 120.4 120 119.8 119.6 sl 122.1
Tp1 almost there
  • #56,426
  • Mar 12, 2015 7:52am Mar 12, 2015 7:52am
Quoting RGomez
Also i got a noob question here, can you only have one type of bid open at a time ( either a buy/sell Motion) , i tried having 2 lots going either way and it closed out my current lots resulting in significant loses -.-
RGomez, an internationally based broker will allow maintaining opposing positions as you prefer. US based traders cannot.
  • #56,427
  • Mar 12, 2015 12:37pm Mar 12, 2015 12:37pm
okay im a Usd based trader so i guess "there it is!" thanks guys
  • #56,428
  • Mar 12, 2015 12:41pm Mar 12, 2015 12:41pm
In other words, IF your broker is NOT USA based, you can hold opposing positions. Brokers based outside the USA will allow you to hold opposing positions on the same pairs. If your broker is based in the USA, you cannot trade as such. The trader can be based anywhere. The key is where the broker is based.
  • #56,429
  • Mar 12, 2015 12:43pm Mar 12, 2015 12:43pm
im with oanda but i guess it follows american rules -.-
  • #56,430
  • Mar 12, 2015 12:49pm Mar 12, 2015 12:49pm
Oanda is USA based headquartered in New York.
  • #56,431
  • Mar 12, 2015 12:53pm Mar 12, 2015 12:53pm
yeah i caught onto that once i saw it link on the forum haha
  • #56,432
  • Mar 12, 2015 8:10pm Mar 12, 2015 8:10pm
Uj 15m triangle?
  • #56,433
  • Mar 12, 2015 8:31pm Mar 12, 2015 8:31pm
Expect to revisit 120 in the next week or two, have shorts. JPN 225 just keeps going higher and higher, just made a new high, but I expect this one will be sold off, not a lot or anything, but enough to move UJ down a couple hundred pips for sure, and at same time EUR to strengthen few 100 pips as well, so UJ could go back to 118-119 even , we'll see.

Failure coming, maybe a 3-5% drop? It could just keep going higher and higher of course. With JPY being devalued and now EUR being crushed non stop, the money has to go somewhere and also not to mention the tax free incentives for people to buy the nikkei.
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  • #56,434
  • Mar 12, 2015 9:45pm Mar 12, 2015 9:45pm
Quoting Idkurv
Uj 15m triangle?
a bearish flag for my eyes
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  • #56,435
  • Mar 12, 2015 10:07pm Mar 12, 2015 10:07pm
There's literally no downside for the japanese mkt, or so it seems, it's pretty damn insane if you ask me, but all the big money have their eyes on 20000 ... I'll tell you one thing within the next year all these stock markets are going to start getting pounded heavily, this simply can not go on much longer.
  • #56,436
  • Mar 12, 2015 10:07pm Mar 12, 2015 10:07pm
Quoting mellyfx
{quote} a bearish flag for my eyes {image}
I'm long. Your Flagpole isn't very good looking.
FF journal: Peaks and Troffs
  • #56,437
  • Mar 12, 2015 10:09pm Mar 12, 2015 10:09pm
Quoting bogus
{quote} I'm long. Your Flagpole isn't very good looking.
Put your stop loss at 120 please.. I'll take it off your hands.
  • #56,438
  • Mar 12, 2015 10:15pm Mar 12, 2015 10:15pm
Quoting bogus
{quote} I'm long. Your Flagpole isn't very good looking.
why?
  • #56,439
  • Mar 12, 2015 10:20pm Mar 12, 2015 10:20pm
Quoting Ck87
{quote} Put your stop loss at 120 please.. I'll take it off your hands.
Stops at 121.30
I hope you're out of your Aud/Nzd longs
FF journal: Peaks and Troffs
  • #56,440
  • Mar 12, 2015 10:23pm Mar 12, 2015 10:23pm
Quoting mellyfx
{quote} why?
For a tech Flagpole to be valid price has to be going down in a straight line and then the flag is a breather for price. UJ has made a low and has made several new highs.
Also, the overall trend is up.
FF journal: Peaks and Troffs
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