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USD/JPY Discussion

  • #62,781
  • Nov 23, 2016 9:59am Nov 23, 2016 9:59am
This is time of year for BOJ to manipulate currency lower. Holiday thrusts during low volume are the earmark of intervention. Stay long or out until we get into the 114.40-116.00 range
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Ecclesiastes 1:9
  • #62,782
  • Nov 23, 2016 10:02am Nov 23, 2016 10:02am
Quoting dogooder
Guys, it's been over 90 on 5m RSI. I barely get to see such values. Any suggestions when it's gonna hit a local resistance? Thanks
Pull up a daily. IMHO it is going to 114. After that it might just hang for a while.
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  • #62,783
  • Nov 23, 2016 2:05pm Nov 23, 2016 2:05pm
Quoting Almo2312
its just small retrace / breath of the market(i guess..),no much vol today but picture tell me what i see on the higher time frame Cheers and trade wisely Al.{image}
as i thought...,banked some gr8 profits and wait for another scale in, will look for 113 breakthrough

Cheers

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #62,784
  • Nov 23, 2016 2:15pm Nov 23, 2016 2:15pm
Quoting Almo2312
{quote} as i thought...,banked some gr8 profits and wait for another scale in, will look for 113 breakthrough Cheers Al.
i am holding my long till 115.00
Its not about the money, its about the game, the game between people.
  • #62,785
  • Nov 23, 2016 2:25pm Nov 23, 2016 2:25pm
Quoting Mohammad-Ali
{quote} i am holding my long till 115.00
cool , make sense

Cheer

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #62,786
  • Nov 24, 2016 12:44am Nov 24, 2016 12:44am
will it break the 113,time will tell,still on the bull side as well

Cheers

Al.
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #62,787
  • Nov 24, 2016 1:46am Nov 24, 2016 1:46am
Quoting Almo2312
will it break the 113,time will tell,still on the bull side as well Cheers Al.{image}
No retracements to enter long... how do u all trade this? lol
  • #62,788
  • Nov 24, 2016 2:11am Nov 24, 2016 2:11am
Quoting mrnicecookie
{quote} No retracements to enter long... how do u all trade this? lol
S/R breaking zones ,

anyway this is how i trade and BTW there was some small retracement(lower time frames about 40 pips or so(asian session))

Cheers

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #62,789
  • Nov 24, 2016 2:14am Nov 24, 2016 2:14am
this is so stretched on daily that it hurts. i think all this bull orgy is due to the thin liquidity. loading small size shorts above 113 - this area is either a gift for bears or just a station to 115,116..

(long time didn't post here, i had nothing smarter to say than the traders active here. not that now i have some super wise advice for anyone here but..sometimes i'm bored )
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #62,790
  • Nov 24, 2016 2:15am Nov 24, 2016 2:15am
opened short positions at 113.50.
  • #62,791
  • Nov 24, 2016 2:20am Nov 24, 2016 2:20am
From here to 114,3x...massive supply zone

Chancing shorts for 109,xx area
Make money by doing the opposite of Giveachance aka loser
  • #62,792
  • Nov 24, 2016 6:42am Nov 24, 2016 6:42am
Selling @ 113.35 target 111.32
Where price is now, it has been before, and will be again.
  • #62,793
  • Nov 24, 2016 7:12am Nov 24, 2016 7:12am
price rejected for go lower and move up again

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Cheers

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #62,794
  • Nov 24, 2016 7:18am Nov 24, 2016 7:18am
Unlike yesterday it experienced some strong resistance in the spike up, but overall looking at the charts there is no indication at all that it will drop, the bullish trend is slowly continuing.

Let's see if it can clear 113.5 on the second attempt.
  • #62,795
  • Nov 24, 2016 7:26am Nov 24, 2016 7:26am
if you look closely at the last 100 Month high. You would understand that the UJ as gone above the monthly limit by 33%. This is truly great strength being shown by the usd.
Keep the Lights on then you can catch the rise from the dark.
  • #62,796
  • Nov 24, 2016 7:29am Nov 24, 2016 7:29am
Lets admit this UJ strength is very impressive

Any shorts are eaten so far
Make money by doing the opposite of Giveachance aka loser
  • #62,797
  • Nov 24, 2016 7:33am Nov 24, 2016 7:33am
Quoting nessus94
Lets admit this UJ strength is very impressive Any shorts are eaten so far

like its bad bizness for sellers.
Keep the Lights on then you can catch the rise from the dark.
  • #62,798
  • Nov 24, 2016 7:34am Nov 24, 2016 7:34am
Quoting ricmaj
{quote} like its bad bizness for sellers.

Indeed

But very tough resistance on daily from 113xx to 114,3x/4x

With dollar index so high we could retrace an easy 200/300 pips
Make money by doing the opposite of Giveachance aka loser
  • #62,799
  • Nov 24, 2016 7:40am Nov 24, 2016 7:40am
Quoting nessus94
{quote} Indeed But very tough resistance on daily from 113xx to 114,3x/4x With dollar index so high we could retrace an easy 200/300 pips
Or not.
  • #62,800
  • Nov 24, 2016 7:41am Nov 24, 2016 7:41am
Quoting nessus94
{quote} Indeed But very tough resistance on daily from 113xx to 114,3x/4x With dollar index so high we could retrace an easy 200/300 pips

I will be waiting till it get to 115.63 for such tough resistance.
Keep the Lights on then you can catch the rise from the dark.
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