Attachments: USD/JPY Discussion

USD/JPY Discussion

#60,301
May 30, 2016 7:04am May 30, 2016 7:04am

stylinex
| Joined Aug 2013 | Status: Trader | 4,057 Posts

Quoting Dano12

Disliked

{quote} negation output triangle = action and reaction and change of position = Yellen not predict the what he says GRANDMOTHER {image}

Ignored

Some behind the scenes arm twisting on YEN now taking place. This tax thing is pathetic. Not sure how other countries are able to pressure other countries into raising taxes on their own people.
http://online.wsj.com/articles/mizuh...ase-1464534004

#60,302
May 30, 2016 7:24am May 30, 2016 7:24am

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,361 Posts

Quoting stylinex

Disliked

{quote} Some behind the scenes arm twisting on YEN now taking place. This tax thing is pathetic. Not sure how other countries are able to pressure other countries into raising taxes on their own people. http://online.wsj.com/articles/mizuh...ase-1464534004

Ignored

That's Japanese internal politics. But who cares really. What price does is all that matters.

#60,303
May 30, 2016 7:29am May 30, 2016 7:29am

andoseg2
Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts

Quoting stylinex

Disliked

{quote} 112 minimum and possibly 115 if Yellen raises rates. Japan's economy is literally dying.

Ignored

Setup nulified . In fact I'm expect huge apreciation of Bitcoin on the long term and fall of $ in near future. I become more confident every day that Bitcoin will be the new international currency and will take place of $ .

Money moves the market, not an indicator.

#60,304
May 30, 2016 7:55am May 30, 2016 7:55am

fonx
| Joined Jul 2014 | Status: Trader | 55 Posts

Key level is 111.85-ish. That is the previous lower high. If it breaks that level probably this UJ down trend is over. Which goes along the lines with fundamentals: US economy is stronger (or it appears to be) and Japan is struggling and they don't know how to fix it (even when they have a positive balance of trade).

#60,305
May 30, 2016 8:55am May 30, 2016 8:55am

arigoldman
| Joined Oct 2014 | Status: Trader | 915 Posts

Good move last week and today also!

#60,306
May 30, 2016 9:54am May 30, 2016 9:54am

Exodus
Joined May 2012 | Status: CoC'd again ! | 8,578 Posts

Quoting stylinex

Disliked

.... Japan's economy is literally dying.

Ignored

I think you may be right. We shall know soon.

Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo

#60,307
May 30, 2016 11:30am May 30, 2016 11:30am

james1254
| Joined Sep 2015 | Status: Trader | 1,232 Posts

Quoting fonx

Disliked

Key level is 111.85-ish. That is the previous lower high. If it breaks that level probably this UJ down trend is over. Which goes along the lines with fundamentals: US economy is stronger (or it appears to be) and Japan is struggling and they don't know how to fix it (even when they have a positive balance of trade).

Ignored

I am waiting to see whether it will break above that high too. If it does I'll open new longs.

#60,308
May 30, 2016 11:48am May 30, 2016 11:48am

inRoozaan
| Joined Jul 2014 | Status: Trader | 77 Posts

Just a view on UJ trend-count, I understand that UJ always has surprises

Attached Image (click to enlarge)

Click to Enlarge

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Size: 38 KB

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#60,309
May 30, 2016 11:56am May 30, 2016 11:56am

Neqrotik
| Joined Jun 2013 | Status: Trader | 980 Posts

Quoting inRoozaan

Disliked

Just a view on UJ trend-count, I understand that UJ always has surprises {image}

Ignored

Definitely not my wave count. Your 1-5 isnt a leg up, its a completed or near completed wave 4 of 5 from the June 2015 high.

The coincidental success is more dangerous than the expected failure

#60,310
May 30, 2016 12:27pm May 30, 2016 12:27pm

inRoozaan
| Joined Jul 2014 | Status: Trader | 77 Posts

Quoting Neqrotik

Disliked

{quote} Definitely not my wave count. Your 1-5 isnt a leg up, its a completed or near completed wave 4 of 5 from the June 2015 high.

Ignored

Would like to see your daily time frame wave count if you'd like to share;

Still I think from a clear low or high you should be allowed to do a wave count. I agree that higher level count could dominate lower level move.

Cheers

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#60,311
Edited 12:57pm May 30, 2016 12:41pm | Edited 12:57pm

Neqrotik
| Joined Jun 2013 | Status: Trader | 980 Posts

Quoting inRoozaan

Disliked

{quote} Would like to see your daily time frame wave count if you'd like to share; Still I think from a clear low or high you should be allowed to do a wave count. I agree that higher level count could dominate lower level move. Cheers

Ignored

My daily wave count. Deleted it. Hope you saw it.

The coincidental success is more dangerous than the expected failure

#60,312
May 30, 2016 1:02pm May 30, 2016 1:02pm

inRoozaan
| Joined Jul 2014 | Status: Trader | 77 Posts

Quoting Neqrotik

Disliked

{quote} My daily wave count. {image}

Ignored

Interesting, I had some counts almost similar but the question:

How you count that '3' is there or when you think the 3-4 leg up will come up? I see your sub-counts -which unfortunately I am not that familiar with-

Thanks anyway, would like to see your updated counts.

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#60,313
May 30, 2016 1:04pm May 30, 2016 1:04pm

fonx
| Joined Jul 2014 | Status: Trader | 55 Posts

Quoting james1254

Disliked

{quote} I am waiting to see whether it will break above that high too. If it does I'll open new longs.

Ignored

I'm not really good trading breakouts. If that is the case and we have a breakout I'll wait for a pullback, but I can't tell at which fibo level as this leg up will be quite extended at that point.

#60,314
May 31, 2016 2:24am May 31, 2016 2:24am