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

Originally Posted by Alejandro Zambrano

This setup went straight to the bin. As you probably have noticed most short term trends are collapsing telling us that we will be trading sideways for a day or two.

Anyone trading Yen pairs today? share your setups or let us just know what you are up to

I'm still in the same trade. Most of you would probably taken profit on yesterdays push down that had my trade in profit of around 80 pips, but I want the whole 200 lol. Trying to be patient, but all looks well.

A bout of profit taking would keep me in the trade and send me back further into the profits again. I'm thinking of late tomorrow or Monday to close or allow this trade to profit out.

RSI looks to have topped out and falling and MACD looks to be topping out as well. Hopefully this move up is finished.

As long as price sits in the channel on my daily chart, I'm staying put.

Still in it, good luck.

Originally Posted by Alejandro Zambrano

....Anyone trading Yen pairs today? share your setups or let us just know what you are up to

First leg of "D" complete or almost at "(a)". To continue down in "(c)" to lower yellow line once consolidation "(b)" is finished.

Been moving to the count for over 2 years now so pretty sure it's right.
Monthly:
http://www.tafool.com/Charts/usdjy051012M.png
Daily:
http://www.tafool.com/Charts/usdjpy051012.png

Originally Posted by Gnarly

200sma is between 50% and 61.8% fibs / 80.00 strong psycho level, let´s see how this plays out, there is no trade for me at the moment, good luck and great post

your right about that teflon coated 80 level, its having none of it

Originally Posted by jbiggart

hi greg, great to see your back.
thought you'd gone part time.
missed your posativety in the mornings

Hello jbiggart! After a nice vacation, I had a little medical issue that I had to resolve. But doctors gave me a clean bill of health. Thanks for the welcome back.

I am back in time for all of the currency market fireworks!

Originally Posted by jbiggart

not sure if it wouldn't be better looking for shorting opertunities in eu/us around 13020-50 area, rsi div on 1hr and 4hr on eu/jp??

Selling high and buying low is a good way to play the weakened Euro and euro yen as the breakouts have been short-lived and whippy

Originally Posted by Gregory McLeod

Selling high and buying low is a good way to play the weakened Euro and euro yen as the breakouts have been short-lived and whippy

sounds good to me.
that'll be todays trading strategy

Geppy currently flirting with supp into 128.40ish but a break under seems quite possible for a drop to 127.30ish..
127.30ish is coming up as an imp & critical supp on Geppy...
Geppy 30 mins is as easy and simple as it can be...
128.75 is current

GL........

Originally Posted by Gregory McLeod

Selling high and buying low is a good way to play the weakened Euro and euro yen as the breakouts have been short-lived and whippy

i think my play today is;
if it breaks support look for selling opps on 5 min
if it breaks above yesterdays high look for buying opps on 5 min
otherwise we're ranging so i'll take a punt a sell near yesterdays high

Originally Posted by jbiggart

i think my play today is;
if it breaks support look for selling opps on 5 min
if it breaks above yesterdays high look for buying opps on 5 min
otherwise we're ranging so i'll take a punt a sell near yesterdays high

EUR/JPY short looks good right now

Originally Posted by Gregory McLeod

EUR/JPY short looks good right now

ended up selling eu/us cos us/jp battering at 80 door and might just get in

Cad news Seems to be strengthening and supporting the CAD/vs the YEN atm throwing my trade short from 80.00 back down to about break even after resuming the move back down. We'll see if it lasts throughout the day, GRRRR.

Originally Posted by Uber FX nUblet7

Cad news Seems to be strengthening and supporting the CAD/vs the YEN atm throwing my trade short from 80.00 back down to about break even after resuming the move back down. We'll see if it lasts throughout the day, GRRRR.

Price has spiked up with some volatility which is expected but price is resisting making a new high which I think will be very positive for the future of my trade if R1 continues to hold as a strong resistance.

Originally Posted by Gregory McLeod

EUR/JPY short looks good right now

Glad all is well with you GREG. The return of your presence on the forum is well appreciated.

SSI: GBPUSD Ratio Flips As Pair Carves Higher Low Around 1.6100

Originally Posted by Uber FX nUblet7

Glad all is well with you GREG. The return of your presence on the forum is well appreciated.

Thanks Uber for the welcome! It's good to be back. Have a great trading day!