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

Originally Posted by wan0903

hye guys...

last week i told about downside continuation if price can go below 134 level.. ..

here are 15M TF, 1234 pattern..

look likes price now are sitting and playing with 23.6 fibo.. if turn lower again from here, then 161.8 fibo is at 13087 and 261.8 fibo at 129365 ( i doubt it can reach here, but... who know.. )

i will long heavily if price can touch 130 level...

take care abd have a good trading day ahead...

add :- i now short heavily au/jpy at 7653.. the other position id short e/u from 12998 and gu from 15470..

I agreed with wan that this GJ will drop to 130.87

LONG @ 131.7

Originally Posted by mihaia2002

LONG @ 131.7

That's a very good move Mihiai.

Do we think the USD building permits and USD housing starts figures are going to be better than forecasted. I hope so

I think we need Paul the octopus. I am long 13142

Have a nice day, Going for some lunch. Back later.

Originally Posted by NEWSFLASH

I think we need Paul the octopus. I am long 13142

Here it comes.

Let's see where it gets to by Friday.

Update.

Added longs at 131.8 region after closing previous longs at 133 (after rejecting previous .382 fibs and 15min 250-ema line) 4H mACD is pointing up and stochs has to go up from here IMHO. current targets would be 133 (previous rejection), 134 (mid term .382 fib) and then 136.2 (mid term .500 fib).

Lets see how this trades play out. Many guys are calling for 129, which is likely as well if you see the direction that the daily chart is pointing at. But current 1 hour and 4 hour are too oversold.

good day/night

Add: Closed one set at 133.1. Next targets 134.5 and 136.2. We might reach 134.5 by Wed, retracement to 134s on Thu, and then 136.2 by Fri.

Attachment 62313


Mooooooo Mooooooooo Moooooooooo!!!!!!

Originally Posted by mihaia2002

LONG @ 131.7

hahahahhaa, wow.... NICEEEEE !!!! closed only 25% of the long... will not close the rest until 136.2....

skydiver where are u? cool?.... i am out of the country as well... that's why less posts...

timelord !!!!!!!!!!!!!!!! yeahhhhhh... this is funny... moomooooo

Well, my short position (stop is 87.421) form Friday is very much under threat with the break back above 87. There was some ground gained from the opening of the position, and could have taken the 50 or so PIPs. However, exiting is a big problem for me, and allow my stop loss and 2:1 R/W ratio to determine the close of the trade. Of course I do move my stop down when sufficient price action has occurred. I got it wrong again.

Too many losses over the past two weeks (10% of my account). I'm going to take a break now, and go through the Power Course again using a demo account. I think that re-education is required. I don't have a bottomless pocket, so can't afford to sustain these losses. The fact that I still have an account is testament to good money management. ALWAYS TRADE WITH A STOP LOSS ORDER.

I'm not going to stop trading with the trend. That's a core principle.

Good luck everyone,

Lee.

GBP/JPY Looks Bullish Against 131.42 Low. May target the 135.00 area. However, a close below 131.42 opens up the May 20th 126.72 low.

Originally Posted by Time Lord

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Mooooooo Mooooooooo Moooooooooo!!!!!!

Was away from the PC and just got back to it, was buying under 132 from the my phone!

Lets ride the bull!

P.S. What happened to the perma bears!?!???

MOOOOOOOOOOOO!


SIRFX

Profit Taking on Shorts Driving USD/JPY higher - Though SSI is at extreme levels, it appears that USD/JPY is taking a break from falling 300 pips over the last few days and is coming up for "air". The pair may get into the 88.00 to 88.53 area before possibly resuming the trend down. A close above the 89.15 area would put this bearish scenario in question.

Originally Posted by Gregory McLeod

Profit Taking on Shorts Driving USD/JPY higher - Though SSI is at extreme levels, it appears that USD/JPY is taking a break from falling 300 pips over the last few days and is coming up for "air". This may seem to get into the 88.00 to 88.53 area before possibly resuming the trend down. A close above the 89.15 area would put this bearish scenario in question.

Yes, looks that way. It's all in the timing, and mine has been terrible!