Thread: Discuss USD/JPY, GBP/JPY, and other JPY Pairs

Originally Posted by J.Giordano

Max 3 Lot I think...I just see it break another level again..do you see that?

It went to 87.07 for split seconds. I think nothing much will happen until the yankees enter the market. No USA news today.

Good morning all

Price now 131.43.

I was agreeing with you 10mins ago but it looks like its going to fall further now. Come on 130.40!

ADD: Closing the remaining 50% shorts from sunday for +208 pips (already took 98 pips on monday) and also taking yesterdays short for +206 pips. Sorry for boasting but im enjoying this one!
Couldnt bear to see those profits disappear. Longs should be safe with stops below 130 IMHO.

GBP/AUD also falling. Commodities are coming down.

Originally Posted by Loudness

It went to 87.07 for split seconds. I think nothing much will happen until the yankees enter the market. No USA news today.

87.07 just break...hmmm...what next

now was 87.028, the Bears are showing the claws! where the BoJ into it?

Originally Posted by J.Giordano

87.07 just break...hmmm...what next

86.96 will be tested. Then 85.00/84.80 we shall see this week or next. No sign of BOJ intervention.

Originally Posted by Loudness

86.96 will be tested. Then 85.00/84.80 we shall see this week or next. No sign of BOJ intervention.

I dont know well the fundamental because sometimes the news dont bring any impact..just like to know how far the influence if BOJ intervention?

Originally Posted by J.Giordano

I dont know well the fundamental because sometimes the news dont bring any impact..just like to know how far the influence if BOJ intervention?

If they intervene, you may see huge pips movement a day. Don't worry about fundamentals (I am a chart person). Just trade what you see.

The bottom is 87,06 ??

Originally Posted by Loudness

If they intervene, you may see huge pips movement a day. Don't worry about fundamentals (I am a chart person). Just trade what you see.

Normally How many pips if BOJ intervene?

Originally Posted by J.Giordano

Yes,I am also waiting it will break down further or not...05 means 0,5 lot or 5 lot ?

Maybe Sean Will have a small advice for us ?


Thank you

PS:This form thread is great..quite active even several people contribute only compare to other forum very quiet

Giordano,

The best thing is to look at what's been happening. Longs have piled in over the past couple of weeks, but look where it is. Undoubtedly ANY instructor will advise you NOT to trade against the prevailing trend, which in this case is down.
As I mentioned before, money is is with the trend, not against is. The well know phrase "The trend is your friend (until it ends)" rings loud and clear.

Loudness, I'm more relieved rather than happy. Too many times I've got excited and promptly exited at the market's hand. Trying not to get too emotional whether that be positive or negative. However, frustrations do creep in. S/L @ B/E on this and AUD/USD shorts. AUD/USD (breakout from 30 min triangle last night) almost reached limit, but is hovering about 10-15 pips above it.

All the best,
Lee.

If BOJ intervene, its minimum 300 pips movement per day for a few days.

Originally Posted by J.Giordano

I dont know well the fundamental because sometimes the news dont bring any impact..just like to know how far the influence if BOJ intervention?

Good day sir pls i'm new here and i honestly love to learn from you experince in trading i would exactly want to no more about the intraday trading strategies or scalping pls help me with pracical ideas as i am completely new in this business

Originally Posted by Lee Saunders

Giordano,

The best thing is to look at what's been happening. Longs have piled in over the past couple of weeks, but look where it is. Undoubtedly ANY instructor will advise you NOT to trade against the prevailing trend, which in this case is down.
As I mentioned before, money is is with the trend, not against is. The well know phrase "The trend is your friend (until it ends)" rings loud and clear.

Loudness, I'm more relieved rather than happy. Too many times I've got excited and promptly exited at the market's hand. Trying not to get too emotional whether that be positive or negative. However, frustrations do creep in. S/L @ B/E on this and AUD/USD shorts. AUD/USD (breakout from 30 min triangle last night) almost reached limit, but is hovering about 10-15 pips above it.

All the best,
Lee.

I am happy for you. Btw how low do you think USDJPY will go? I'm betting at 85.00/84.80 area. Possibly even lower.

Originally Posted by Lee Saunders

Giordano,

The best thing is to look at what's been happening. Longs have piled in over the past couple of weeks, but look where it is. Undoubtedly ANY instructor will advise you NOT to trade against the prevailing trend, which in this case is down.
As I mentioned before, money is is with the trend, not against is. The well know phrase "The trend is your friend (until it ends)" rings loud and clear.

All the best,
Lee.

Yes..I am agreed with you,thats why i take a short but I am also keep watch long..the better is look both way i think...I like This words "The Trend is Your Friend" No More No Less..

BOJ Intervence : 300 pips per day??

Originally Posted by skydiver

Good morning all

Price now 131.43.

I was agreeing with you 10mins ago but it looks like its going to fall further now. Come on 130.40!

ADD: Closing the remaining 50% shorts from sunday for +208 pips (already took 98 pips on monday) and also taking yesterdays short for +206 pips. Sorry for boasting but im enjoying this one!
Couldnt bear to see those profits disappear. Longs should be safe with stops below 130 IMHO.

GBP/AUD also falling. Commodities are coming down.

Nice job sky i closed one set of shorts at 131.3 too. Leaving the other set targeting 130.5 with SL at 132. 4H still looking bearish..will wait for US open to decide whether to close last position.