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USD/JPY Discussion

  • #66,241
  • Edited 4:30am May 8, 2017 4:19am | Edited 4:30am
Quoting NMZee
{quote} What were u expecting?. Uj opened with a gap of 20+ as expected. Went lower 40 odd pips as expected and will go to either 1208 or 113.25 during ny. That needs to be seen. Enough happening....☺.
The only real expectation I had was that of some visual stimulation at the open but it was a big let down lol.

Also the news pretended like the world was on fire here so you would expect something right ?

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 24 KB


Same daily chart as before added 1 outer trendline on 2 small tops
Trade
  • #66,242
  • May 8, 2017 5:42am May 8, 2017 5:42am
Quoting Ryan420
{quote} Nikkei closed for the weekend abt 13 hours ago. Nikkei futures maybe but that's thin trading.
I'm on the spot market for Nikkei. But agreed - trade is thin outside of Asia session.

*edit - still waiting to take a position. Waiting for a test of today's high.
Focus.
  • #66,243
  • May 8, 2017 5:46am May 8, 2017 5:46am
Quoting NMZee
{quote} On 4h chart. You looking to short Nik and uj?
Just Nikkei for now. UJ looks a little confused.
Focus.
  • #66,244
  • May 8, 2017 6:02am May 8, 2017 6:02am
Short UJ. Target is 112.2
Kashyap Patel
  • #66,245
  • May 8, 2017 7:59am May 8, 2017 7:59am
Can anyone predict the chart? Where it is going?
Kashyap Patel
  • #66,246
  • May 8, 2017 8:10am May 8, 2017 8:10am
Quoting kgodhani
Can anyone predict the chart? Where it is going?
114 this week then 107 check twitter dot com slash gettoefl for all the details
twitter: @gettoefl
  • #66,247
  • May 8, 2017 8:13am May 8, 2017 8:13am
113.5 looks difficult to breach and maybe selling is better than buying this week for this pair
Don't Worry Be Happy
  • #66,248
  • May 8, 2017 8:17am May 8, 2017 8:17am
Quoting MrPresident
113.5 looks difficult to breach and maybe selling is better than buying this week for this pair
I am long waiting for 113.4x. I will consider dhort once we r there.
  • #66,249
  • May 8, 2017 9:53am May 8, 2017 9:53am
http://www.reuters.com/article/us-us...-idUSKBN1841FT
  • #66,250
  • May 8, 2017 10:11am May 8, 2017 10:11am
Quoting antoe
http://www.reuters.com/article/us-us...-idUSKBN1841FT
Nothing new , is there?
  • #66,251
  • May 8, 2017 10:33am May 8, 2017 10:33am
Quoting NMZee
{quote} Nothing new , is there?
yes...
totaly bullish i think..
  • #66,252
  • Edited 11:02am May 8, 2017 10:48am | Edited 11:02am
Quoting kgodhani
Short UJ. Target is 112.2
Lemme guess, your buy stop is 113.15-20

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  • #66,253
  • May 8, 2017 11:07am May 8, 2017 11:07am
Quoting antoe
{quote} yes... totaly bullish i think..
Thats the point. Its nothing new. However i am feeling like a midwife shouting push push push to UJ...lol.
  • #66,254
  • May 8, 2017 11:48am May 8, 2017 11:48am
Quoting NMZee
{quote} Thats the point. Its nothing new. However i am feeling like a midwife shouting push push push to UJ...lol.
agree... but i have some sell around 113.06 mate.. hehehe
  • #66,255
  • May 8, 2017 12:05pm May 8, 2017 12:05pm
Quoting antoe
{quote} agree... but i have some sell around 113.06 mate.. hehehe
Just be careful about one thing. Once itbroke 112.86 it is probable that it will go to 113.4x. Last high was 113.04 once it breaks it will go up. I am sure u have done your homework but a lot of tradeers will jump on the buy train. Not saying its a bad place to sell. Just saying may be slightly cheaper ticket MAY become avsilable.
  • #66,256
  • May 8, 2017 12:07pm May 8, 2017 12:07pm
Quoting PatienceFx
uj below daily and weekly 100 sma should be bearish but lets see
Kidaaaan, sir je, you taking today off??
  • #66,257
  • May 8, 2017 12:39pm May 8, 2017 12:39pm
Quoting Ryan420
{quote} Lemme guess, your buy stop is 113.15-20 {image}
Here goes those buy stops @ 113.10...
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  • #66,258
  • May 8, 2017 1:04pm May 8, 2017 1:04pm
Quoting Ryan420
{quote} Here goes those buy stops @ 113.10...
For my clarity. You mean to say traders going long from 113.10 or short trades stop loss was at 113.10??
  • #66,259
  • May 8, 2017 1:05pm May 8, 2017 1:05pm
What's the problem with 113? It's not like the new all time high, or something like that, it has been rejected off from there few times by now.
"Don't lose your cool, and you will fare well".
  • #66,260
  • May 8, 2017 1:09pm May 8, 2017 1:09pm
Quoting NMZee
{quote} For my clarity. You mean to say traders going long from 113.10 or short trades stop loss was at 113.10??
Shorts entering, placing their buy stops all above the previous 113.05 high. There's a decending trendline that's helping shorts enter, putting more stops there.
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