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USD/JPY Discussion

  • #58,501
  • Nov 15, 2015 5:57pm Nov 15, 2015 5:57pm
Consider the Nikkei index.

The GDP figures just missed to the down side. Stock markets may react badly to weekend events. So the Japanese stock market may sell-off strongly.

Historically a slump on the Nikkei is mirrored by a slump in UJ.....
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  • #58,502
  • Edited 6:26pm Nov 15, 2015 6:06pm | Edited 6:26pm
don't know about u but this is my trade
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and I probably sale again when gap is closed
  • #58,503
  • Edited 10:19pm Nov 15, 2015 10:08pm | Edited 10:19pm
Quoting liquidice
{quote} Hi FxSayWhat, On Paris attack, will it have any effect on UJ? Their stock market will go down 1st I think ... What do you reckon?
I am waiting for the memo from Oboma. I will check my inbox Monday.

US is already at war, so I am just gonna wait and see how this event unfold next week especially from the US side.
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  • #58,504
  • Nov 16, 2015 2:07am Nov 16, 2015 2:07am
Quoting zony
Gapped down in 5 minute charts. Time to fill gap, so buy and head for 122.600 for quick trade!!!
Well done!

According to my broker you might have exited at 122.60 at 01:15 GMT.
As I write we are just passing 122.70 and my long from 122.27 is looking pretty solid.
My TP is just over .90 but I am watching the chart with an eye to exit before that.....
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  • #58,505
  • Nov 16, 2015 5:26am Nov 16, 2015 5:26am
Is their any chance to reverse ?
I sold it at .80 but still it going upward. What you think of usd/jpy next destination.
Do i very early sold?
  • #58,506
  • Nov 16, 2015 5:56am Nov 16, 2015 5:56am
Quoting itmehedi
Is their any chance to reverse ? I sold it at .80 but still it going upward. What you think of usd/jpy next destination. Do i very early sold?
I think so.
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  • #58,507
  • Nov 16, 2015 5:58am Nov 16, 2015 5:58am
Quoting Emira7e
{quote} I think so. {image}
Huge loss.....
I will stop this trade with loss.....

One question: why this pair suddenly moving upward?
I am not seeing any special news.
  • #58,508
  • Nov 16, 2015 6:02am Nov 16, 2015 6:02am
Quoting itmehedi
{quote} Huge loss..... I will stop this trade with loss..... One question: why this pair suddenly moving upward? I am not seeing any special news.
I think will retrace to 122.521
JPY Prelim GDP q/q
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  • #58,509
  • Nov 16, 2015 8:04am Nov 16, 2015 8:04am
selling for candle formation
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  • #58,510
  • Nov 16, 2015 8:06am Nov 16, 2015 8:06am
Quoting kingakp
selling for candle formation {image}
What do you mean selling for a candle formation ?.. You have sold based on the cadle formation?
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  • #58,511
  • Nov 16, 2015 8:29am Nov 16, 2015 8:29am
Quoting Catempire
{quote} What do you mean selling for a candle formation ?.. You have sold based on the cadle formation?
yes price on a channel on top and candle formation Shooting Star .its reversal pattern .thats why i took short .
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  • #58,512
  • Nov 16, 2015 8:31am Nov 16, 2015 8:31am
Quoting itmehedi
{quote} Huge loss..... I will stop this trade with loss..... One question: why this pair suddenly moving upward? I am not seeing any special news.
I ask the same question few days ago .. and Davit help me out ...

Quoting Davit
{quote} Hi Liquidice Japanese Yen is basically managed currency.BOJ at times does intervene by either selling or buying the Yen. We have seen multiple times Yen dropping like a rock out of blue without any reason.This could only be result of massive buying by BOJ Anyway I am short on UJ REgards
This pair can go up/down without news or whatsoever .. BoJ is doing something ... maybe .. just maybe ... the BoJ is selling the Yen ... CMIIW.
  • #58,513
  • Nov 16, 2015 8:43am Nov 16, 2015 8:43am
Quoting liquidice
{quote} I ask the same question few days ago .. and Davit help me out ... {quote} This pair can go up/down without news or whatsoever .. BoJ is doing something ... maybe .. just maybe ... the BoJ is selling the Yen ... CMIIW.
Just surprise to hear this. Then how can we trade with this pair? We are just gambling with this pair isn't?
We have not any control even chart cannot help us.
  • #58,514
  • Nov 16, 2015 8:46am Nov 16, 2015 8:46am
Quoting Emira7e
{quote} I think will retrace to 122.521 JPY Prelim GDP q/q
JPY Prelim GDP q/q news was published almost 15 hours ago. Market start to moving upward 12 hours later?
Is it possible to believe that uptrend is news effect?
  • #58,515
  • Nov 16, 2015 8:55am Nov 16, 2015 8:55am
Quoting itmehedi
{quote} JPY Prelim GDP q/q news was published almost 15 hours ago. Market start to moving upward 12 hours later? Is it possible to believe that uptrend is news effect?
In my experience JPY started moving to 7-8 o'clock in the morning if there is news about this currency at night. GMT + 2.
I don't know why.
Don't change something that work!
  • #58,516
  • Nov 16, 2015 8:59am Nov 16, 2015 8:59am
Quoting liquidice
This pair can go up/down without news or whatsoever ..
No different than any other tradable market.

But BTW Japan is back in recession.
  • #58,517
  • Nov 16, 2015 9:01am Nov 16, 2015 9:01am
Quoting Emira7e
So SELL before BUY? {image}
And i'm stupid, i predict that movement and didn't put buy.
Don't change something that work!
  • #58,518
  • Nov 16, 2015 9:17am Nov 16, 2015 9:17am
i have 2 long floating atm since have no idea when to close it.
@122.41
@122.46
I will try my best to learn forex.
  • #58,519
  • Edited 9:31am Nov 16, 2015 9:20am | Edited 9:31am
Quoting itmehedi
{quote} Just surprise to hear this. Then how can we trade with this pair? We are just gambling with this pair isn't? We have not any control even chart cannot help us.
We are just gambling with this pair isn't?
*Not true. You must manage your trade.

We have not any control
*The only thing I can control is the RISK, I always trade with a clear stop loss.

even chart cannot help us.
*Actually my charts does tells in the M15 and H4 .. its a Long ...


Quoting SunTrader
{quote} No different than any other tradable market. But BTW Japan is back in recession.
Ah yes ... the recession .. This is why I like being here .. my fundamentals is bad ... thank you Suntrader
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  • #58,520
  • Nov 16, 2015 10:35am Nov 16, 2015 10:35am
May likely go down on a zigzag wave v in completing correction (iv) & also fill that gap.
Target just below 0.6182 x (iii), SL at break of wave (b) top.

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