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USD/JPY Discussion

  • #57,121
  • Jun 3, 2015 5:11am Jun 3, 2015 5:11am
Nikkei in consolidation but it still has potential up hence UJ still can reach 125.7

last time nikkei drop (the first circle) UJ moved down and up 500 points..... so be prepared
Attached Image (click to enlarge)
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  • #57,122
  • Jun 3, 2015 5:15am Jun 3, 2015 5:15am
Quoting TuTang
Nikkei in consolidation but it still has potential up hence UJ still can reach 125.7 last time nikkei drop (the first circle) UJ moved down and up 500 points..... so be prepared {image}

Sitting tight.
"Tips are for waiters." - Reminiscences of a stock operator
  • #57,123
  • Jun 3, 2015 5:22am Jun 3, 2015 5:22am
Quoting TuTang
Nikkei in consolidation but it still has potential up hence UJ still can reach 125.7 last time nikkei drop (the first circle) UJ moved down and up 500 points..... so be prepared {image}
500 points are enough for me. A good gain for today or tomorrow.

At moment I don't think about long term like 1 or 2 weeks.
  • #57,124
  • Jun 3, 2015 6:11am Jun 3, 2015 6:11am
Which one correct version because here a little twirled, maybe someone has an idea, because we have a vision of S & H ABC or further UP to 5
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDJPY_H4.4.gif Size: 192 KB
  • #57,125
  • Jun 3, 2015 6:19am Jun 3, 2015 6:19am
Quoting Neqrotik
... Yes. If all I want to do ...
is post something meaningless to everyone else. Go right ahead.

What anyone of us says (I include myself of course) has no effect on anyone else's trade (again I include myself) so no worries whether I am under water currently. Just it would be nice if everyone gives a reason why - they say what they say. That's all.
  • #57,126
  • Jun 3, 2015 6:59am Jun 3, 2015 6:59am
Quoting Dano12
Which one correct version because here a little twirled, maybe someone has an idea, because we have a vision of S & H ABC or further UP to 5 {image} {image}
I'd say UJ is a heavily fundamental pair right now, your technicals do not work here.

Just riling you up Dano, you're doing stellar work and keep em coming!

But seriously, what I said. It's been defending its 1/3 figures so fiercely and consistently that I strongly suspect the biggest of players are holding a death grip on the currency. Imo technicals work only on 1H charts and below when there is such a strong fundamental vested interest at play. As I said, BOJ will print yen for toilet paper before they let it loose upward momentum till say 127 short-term and ultimately 132-135 range.
"Tips are for waiters." - Reminiscences of a stock operator
  • #57,127
  • Jun 3, 2015 7:21am Jun 3, 2015 7:21am
Quoting Winthorpe
{quote} I'd say UJ is a heavily fundamental pair right now, your technicals do not work here. Just riling you up Dano, you're doing stellar work and keep em coming! But seriously, what I said. It's been defending its 1/3 figures so fiercely and consistently that I strongly suspect the biggest of players are holding a death grip on the currency. Imo technicals work only on 1H charts and below when there is such a strong fundamental vested interest at play. As I said, BOJ will print yen for toilet paper before they let it loose upward momentum...
if this is not the end of the 5 threads we fly above as you say,
  • #57,128
  • Jun 3, 2015 7:27am Jun 3, 2015 7:27am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_W.gif Size: 136 KB
  • #57,129
  • Jun 3, 2015 8:13am Jun 3, 2015 8:13am
Today's SR Levels on MT4 Templates

EURO

CABLE
USDJPY
GOLD

http://www.forexfactory.com/showthre...36#post8301236

EURO PINK
CABLE PINK

FYI Though i don't post here everyday - the templates are posted everyday in my thread - If you find it useful
Here http://www.forexfactory.com/showthread.php?t=435940
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #57,130
  • Jun 3, 2015 8:14am Jun 3, 2015 8:14am
Quoting Winthorpe
{quote} I'd say UJ is a heavily fundamental pair right now, your technicals do not work here. Just riling you up Dano, you're doing stellar work and keep em coming! But seriously, what I said. It's been defending its 1/3 figures so fiercely and consistently that I strongly suspect the biggest of players are holding a death grip on the currency. Imo technicals work only on 1H charts and below when there is such a strong fundamental vested interest at play. As I said, BOJ will print yen for toilet paper before they let it loose upward momentum...

Fundamental use technical analysis to move.
It's just my point of view...
  • #57,131
  • Jun 3, 2015 8:18am Jun 3, 2015 8:18am
Looks like Wave 5 on H1 chart:
Attached Image (click to enlarge)
Click to Enlarge Name: UJ wave5.png Size: 47 KB
  • #57,132
  • Jun 3, 2015 8:30am Jun 3, 2015 8:30am
Quoting Winthorpe
{quote} I'd say UJ is a heavily fundamental pair right now, your technicals do not work here. Just riling you up Dano, you're doing stellar work and keep em coming! But seriously, what I said. It's been defending its 1/3 figures so fiercely and consistently that I strongly suspect the biggest of players are holding a death grip on the currency. Imo technicals work only on 1H charts and below when there is such a strong fundamental vested interest at play. As I said, BOJ will print yen for toilet paper before they let it loose upward momentum...
All you said could be true however even in uptrend corrections can run 150-300pips.That's lot of space.Yes FEDS are tightening and IR hike is coming and 128-130 is possible but not until .25 increase
Japan is export depended economy so everything depends how other currencies are for example you can't have 155 GU 130 EU and 130UJ too much differential.
130 Yen=145GU and 102 EU 72-70 AU give and take
That's serious fundemetal shift and there are lots of X factors such as US economy and if it continues to expend.
regards
In trading, you have to be defensive and aggressive at the same time
  • #57,133
  • Jun 3, 2015 8:41am Jun 3, 2015 8:41am
Quoting Davit
{quote} All you said could be true however even in uptrend corrections can run 150-300pips.That's lot of space.Yes FEDS are tightening and IR hike is coming and 128-130 is possible but not until .25 increase Japan is export depended economy so everything depends how other currencies are for example you can't have 155 GU 130 EU and 130UJ too much differential. 130 Yen=145GU and 102 EU 72-70 AU give and take That's serious fundemetal shift and there are lots of X factors such as US economy and if it continues to expend. regards

That's right.
And with technical analysis you can get nice gains also with corrections...
  • #57,134
  • Jun 3, 2015 8:46am Jun 3, 2015 8:46am
Of course I'm not certain of anything and everything can happen... However the muted UJ's response to EU's strong movement is telling me volumes...

Of course I'd never trade short or even med-term on such assumptions but a nice conservative long term bet is just what I'm riding on. 150 pip retracement? Possible. 300? I really doubt it. But again, I could be wrong. Such is the nature of this business.

IMO you can do nice profit in such a situation with hopping from low to high, low to high... But I'd never go short even for a 1-minute scalp because the pressure is clearly coming from downside and the bias is very clear.
"Tips are for waiters." - Reminiscences of a stock operator
  • #57,135
  • Jun 3, 2015 8:51am Jun 3, 2015 8:51am
No, no, 1-minute scalp I don't like too.

But short for three days or 2 weeks yes, I like!
  • #57,136
  • Jun 3, 2015 9:13am Jun 3, 2015 9:13am
... and with almost catastrophic news from US the UJ still hasn't fallen below its creeping gains since this morning...
Someone is really holding this pair tight.
"Tips are for waiters." - Reminiscences of a stock operator
  • #57,137
  • Jun 3, 2015 9:44am Jun 3, 2015 9:44am
Quoting Winthorpe
... and with almost catastrophic news from US the UJ still hasn't fallen below its creeping gains since this morning... Someone is really holding this pair tight.
USD JPY still strong
  • #57,138
  • Jun 3, 2015 9:48am Jun 3, 2015 9:48am
8 years ago USD/JPY reached 124.21
  • #57,139
  • Jun 3, 2015 10:13am Jun 3, 2015 10:13am
Quoting traderblah
8 years ago USD/JPY reached 124.21
There's a first time for everything...

Notice how the bunches of candle lows on 15 min chart are all alligned, like a knife cut - one at 124.355 and a lower, current one at 124.12... that's a clear sign of institutional manipulation, and a pretty obvious one at that... No such straight cutoffs at highs though...
"Tips are for waiters." - Reminiscences of a stock operator
  • #57,140
  • Jun 3, 2015 11:53am Jun 3, 2015 11:53am
Got in long at 124.00 last night and let it ride once London opened closed at 124.48 a few hours before US opened. Looking for another good time to go long again... Any suggested prices?
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