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USD/JPY Discussion

  • #66,101
  • May 3, 2017 3:51pm May 3, 2017 3:51pm
Quoting Akaton
{quote} If I were a position trader I would not be going long from here after the 450+ pip rise over the last month. But tough to say IMHO, lots of uncertainty across the investing world. I think a Macron win in France is already priced in, on the off chance Le Pen manages to win we obviously could see a huge drop, to previous lows around 108 at least, but probably much lower than that... 100? 90? Also economic data for the US has been disappointing for the last few weeks... market has shrugged it off so far but that could just mean even sharper...
Yeah, trend is yiur friend till the bend at the end. 112.7x could be that bend or may be 113.4x.
  • #66,102
  • May 3, 2017 8:30pm May 3, 2017 8:30pm
Don't try to stop a train. UJ is the most fundamental major with directional long bias. BTFD
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  • #66,103
  • May 3, 2017 10:31pm May 3, 2017 10:31pm
Quoting Ryan420
Don't try to stop a train. UJ is the most fundamental major with directional long bias. BTFD
THUDD train stopped , now ?
  • #66,104
  • May 3, 2017 10:33pm May 3, 2017 10:33pm
There might be a risk of reversal back to 112.2
Took profit at 112.7 for now.

Let's see when London opens.
  • #66,105
  • May 3, 2017 11:07pm May 3, 2017 11:07pm
a journey ends
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  • #66,106
  • May 3, 2017 11:28pm May 3, 2017 11:28pm
Yes. Took profit. But still French Election is there to decide next week movement. Can't predict right now.
Kashyap Patel
  • #66,107
  • May 4, 2017 12:20am May 4, 2017 12:20am
Quoting kgodhani
Yes. Took profit. But still French Election is there to decide next week movement. Can't predict right now.
even viagra does not have the strength to stop the leaning tower of pisa from leaning , next week uj will fall mbelow 108

108 is the boj average price for uj , so uj will oscillate up or down from 108
  • #66,108
  • May 4, 2017 12:25am May 4, 2017 12:25am
and remains above then iif uj breaks above 112.875 and remains above , then i will definitely consider longs to113.45
  • #66,109
  • May 4, 2017 12:27am May 4, 2017 12:27am
Quoting PatienceFx
and remains above then iif uj breaks above 112.875 and remains above , then i will definitely consider longs to113.45
stupid keyboard, need to buy a new one
  • #66,110
  • May 4, 2017 12:29am May 4, 2017 12:29am
ADR for this week is complete so i am not going to trade for some time , off to play warlords battlecry 3
  • #66,111
  • May 4, 2017 12:30am May 4, 2017 12:30am
Quoting PatienceFx
{quote} even viagra does not have the strength to stop the leaning tower of pisa from leaning , next week uj will fall mbelow 108 108 is the boj average price for uj , so uj will oscillate up or down from 108
Yes, But it is important to see how much long it can reach and from where it starts to drop. Currently as per D1 the bullish has just started. So can not say it may fall right now.
Kashyap Patel
  • #66,112
  • May 4, 2017 1:24am May 4, 2017 1:24am
I've got a short order at 112.70, too juicy to pass up. Time of day, London open coming up, trend line, 1% risk.
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  • #66,113
  • May 4, 2017 2:43am May 4, 2017 2:43am
Right now the trend is up. Attack of resistant is slow but continuing. Have not seen sign of of reversal so stay clear of shorting. Until sign of attacking support lines then go short.
  • #66,114
  • May 4, 2017 3:39am May 4, 2017 3:39am
Good morning from London.

Does anyone trade the Nikkei here?

Chart is looking quite toppy, could be time for a reversal, at least.
Focus.
  • #66,115
  • May 4, 2017 4:00am May 4, 2017 4:00am
Quoting Marco-Kanto
Good morning from London. Does anyone trade the Nikkei here? Chart is looking quite toppy, could be time for a reversal, at least.
Don't trade it but I watch it cause the UJ correlation. Agreed that a reversal could be due, sideways to bearish in UJ and equities for the rest of the week is my prediction. But lets see, UJ breaking 113 and/or SP500 breaking 2400 could catalyze further upwards movement and no doubt the manipulators and big money would like to see that happen.
Novice trader, please take my opinion with several grains of salt
  • #66,116
  • May 4, 2017 4:11am May 4, 2017 4:11am
$INDEX showing possible signs of reversal against DR1 & 50MA.

I'm not guaranteeing anything but I'm looking for a UJ long today.
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Focus.
  • #66,117
  • May 4, 2017 5:11am May 4, 2017 5:11am
Quoting Akaton
{quote} Don't trade it but I watch it cause the UJ correlation. Agreed that a reversal could be due, sideways to bearish in UJ and equities for the rest of the week is my prediction. But lets see, UJ breaking 113 and/or SP500 breaking 2400 could catalyze further upwards movement and no doubt the manipulators and big money would like to see that happen.
If you look at jap 225 both daily and weekly. Its in extreme sell zone may be it has 50 odd pips to go higher. Same is reqd by uj for 113.4x. There r no certainties in forex but a deep drop would be expected. Couple it with tomorrows nfp and french election and receipe for a 400 pips drop week for uj is in the making.......lol.talk about day dreaming
  • #66,118
  • May 4, 2017 5:14am May 4, 2017 5:14am
Quoting PatienceFx
{quote} short was bogus lol we are very much in bull strength as yet
Sardar je, we r in dieing bull strength. Pull your jangia and get ready for a ride on the sell side...........so i hope..!
  • #66,119
  • May 4, 2017 5:44am May 4, 2017 5:44am
Quoting NMZee
{quote} Sardar je, we r in dieing bull strength. Pull your jangia and get ready for a ride on the sell side...........so i hope..!
Bearish is far away.
Kashyap Patel
  • #66,120
  • May 4, 2017 6:12am May 4, 2017 6:12am
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