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USD/JPY Discussion

  • #58,601
  • Edited 8:44am Nov 25, 2015 7:54am | Edited 8:44am
Could this bull move just a retracement ... before it going much further down?

Edit : Am waiting at sideline for now .. until it creates a clear signal ..
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  • #58,602
  • Nov 25, 2015 3:15pm Nov 25, 2015 3:15pm
I'm with you liquidice, gonna short for now till it gets to 122 then see what happens.
  • #58,603
  • Nov 25, 2015 4:14pm Nov 25, 2015 4:14pm
The pair is in consolidation mood, move below 122.20 level might show clear direction to further downside.
  • #58,604
  • Nov 26, 2015 1:01am Nov 26, 2015 1:01am
Quoting countdown
UsdJpy ====> Sell Stop = 122253 / TP = 122113 / SL = 122671 if this order trigger ; open 2* lot Sell Stop = 122671 / TP = 122884 / SL = 122253 GL
this order didnt triggered yesterday.. deleted it yesterday at 20:00 (GMT+2) as always.
today its Bank Holiday.. So no new order..
GL all.
do not stand out in the open with gun ;stand in the bushes with knife..
  • #58,605
  • Nov 26, 2015 3:30am Nov 26, 2015 3:30am
Quoting TraderD3
I'm with you liquidice, gonna short for now till it gets to 122 then see what happens.
Quoting countdown
{quote} this order didnt triggered yesterday.. deleted it yesterday at 20:00 (GMT+2) as always. today its Bank Holiday.. So no new order.. GL all.
Just got out from my short +4 .. I think it's better to step aside for now ... maybe l of liquidity ... PA just not good ..
  • #58,606
  • Nov 26, 2015 8:18am Nov 26, 2015 8:18am
Usd/Jpy extends its consolidation movement to around 122.55 level, my next target is at 122.20 level.
  • #58,607
  • Nov 26, 2015 8:12pm Nov 26, 2015 8:12pm
Shorting USD/JPY here.
  • #58,608
  • Nov 26, 2015 8:14pm Nov 26, 2015 8:14pm
Famous trading expression: "Never short a dull market".
  • #58,609
  • Nov 26, 2015 9:59pm Nov 26, 2015 9:59pm
I wouldnt short this pair...to me a pullback is a buying opportunity esp with momentum on the weekly is still positive but thats what makes a market..and im still long and in profits
  • #58,610
  • Nov 27, 2015 12:18am Nov 27, 2015 12:18am
Yen on demand..
what the trigger?
  • #58,611
  • Nov 27, 2015 1:05am Nov 27, 2015 1:05am
Quoting Grandhis
Yen on demand.. what the trigger?
Recently many Chinese have been flying over to Japan to buy property as ROI is quite compared to the rest of Asia.
  • #58,612
  • Nov 27, 2015 1:36am Nov 27, 2015 1:36am
I found the support of 122.40 breaking I think this have to be on part because the US market was closed leaving less liquidity, it looks like will test the next support in 122.00, I have a short position aiming to 122.00.

I seems that the consolidation would go down to 121'sh, but triggers for that mark have not been reach, for now short to 122.00

if you follow do not forget to set the S.L. just in case.
  • #58,613
  • Nov 27, 2015 1:39am Nov 27, 2015 1:39am
Quoting zyphex
I found the support of 122.40 breaking I think this have to be on part because the US market was closed leaving less liquidity, it looks like will test the next support in 122.00, I have a short position aiming to 122.00. I seems that the consolidation would go down to 121'sh, but triggers for that mark have not been reach, for now short to 122.00 if you follow do not forget to set the S.L. just in case.
You are shorting the Dollar and not YEN, right?
  • #58,614
  • Nov 27, 2015 1:50am Nov 27, 2015 1:50am
Very good on the short guys ... I missed the entry point by 2.5 hours ..
  • #58,615
  • Nov 27, 2015 7:37am Nov 27, 2015 7:37am
Quoting liquidice
Could this bull move just a retracement ... before it going much further down? Edit : Am waiting at sideline for now .. until it creates a clear signal .. {image} {image}
You've got it there, mate. It's coming back up for more shorts.
It's just an amazing consolidation or retracement.
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  • #58,616
  • Nov 27, 2015 9:09am Nov 27, 2015 9:09am
Is this retracement going to be that extreme?....My view is next week we have Yellen speaking and I think this is a good opportunity for people to go long with good entry position around 122.500. Unless the unemployment rate is really bad then I could see this retracement happening.

Still thinking what side I should be taking????
  • #58,617
  • Nov 27, 2015 10:49am Nov 27, 2015 10:49am
Quoting skyhok
{quote} You've got it there, mate. It's coming back up for more shorts. It's just an amazing consolidation or retracement. {image}
I think I call it a day ... Hopefully Monday start with a clear signs ... Is there anything we should keep our attention on for next week?

Cheers ...
  • #58,618
  • Nov 27, 2015 11:17am Nov 27, 2015 11:17am
Quoting zyphex
I found the support of 122.40 breaking I think this have to be on part because the US market was closed leaving less liquidity, it looks like will test the next support in 122.00, I have a short position aiming to 122.00. I seems that the consolidation would go down to 121'sh, but triggers for that mark have not been reach, for now short to 122.00 if you follow do not forget to set the S.L. just in case.
this is one of those occasions when the signals were there, but the market when the other way.

the pair did not when down below 122.30

this is the 1/Hr chart
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I still believe that this pair needs to test some support before go UP, but for the last 9 hours it has just go Up breaking a trend line that it has form from Nov 18.
for this reason I got Out of my short position and will wait for another signal to re enter.

this might be for the anticipation of the liquidity that the US market would bring after the thanksgiving day closed, and also, also the Dollar is in High demand today, Black Friday, millions of people are expending money right now, today is one of those High Sales days for America.

let me know your thoughts on this reversal.
  • #58,619
  • Nov 27, 2015 12:13pm Nov 27, 2015 12:13pm
There might be a slight push up to the resistance at around 123.07 but I wouldent look at going long until this level has been broken.
  • #58,620
  • Nov 27, 2015 12:19pm Nov 27, 2015 12:19pm
Quoting liquidice
{quote} I think I call it a day ... Hopefully Monday start with a clear signs ... Is there anything we should keep our attention on for next week? Cheers ...
May be that's a good idea towards end of Friday session and spend time analyse the whole thing in the W/E. It's not gonna drop down much in the next few hours or does it?
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