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

145.00 looks so very right to be hit that I have opened a long position at 143.82...again, not 100% sure if it is a good decision. But kept it at just 2 microlots with a very tight stop at 143.45

Originally Posted by Abhishek

145.00 looks so very right to be hit that I have opened a long position at 143.82...again, not 100% sure if it is a good decision. But kept it at just 2 microlots with a very tight stop at 143.45

Trend seems up for geppy, but USDJPY (as Sean mentioned in the usdjpy forum) is kinda overbought. Might see a turn in Asia Open, and if JPY strengthens it would bring geppy down IMO. I have very small lots open long for geppy at 143.5 and would close it at a small loss of 143.4 if it penetrates through the Support Line. I have an open short of large lots at 145.25 area. Nonetheless i have no targets for my long and would take my gains when the time is right (that is if it goes pass 144.1 - and i have few open positions for longs too at that point)

H4 chart in oversold area on s/stch, a nice resistance line around 1.438 - 20EMA, fib sitting on 38%, MACD still down... Do we think we are moving back down?

Originally Posted by kcooperj

Trend seems up for geppy, but USDJPY (as Sean mentioned in the usdjpy forum) is kinda overbought. Might see a turn in Asia Open, and if JPY strengthens it would bring geppy down IMO. I have very small lots open long for geppy at 143.5 and would close it at a small loss of 143.4 if it penetrates through the Support Line. I have an open short of large lots at 145.25 area. Nonetheless i have no targets for my long and would take my gains when the time is right (that is if it goes pass 144.1 - and i have few open positions for longs too at that point)

dude I love it that you are able to run forex software on mac.....I tried doing it with crossover but it doesn't seem to be working....am thinking of loading windows, but I dont want to pay freaking $200 for a crappy OS.

Upside breakout in process, like this morning....exactly same pattern...squeze till last available millimeter and then shoot....I think similar thing will happen but to the downside next.

Originally Posted by Abhishek

dude I love it that you are able to run forex software on mac.....I tried doing it with crossover but it doesn't seem to be working....am thinking of loading windows, but I dont want to pay freaking $200 for a crappy OS.

As I mentioned before, it is unstable. I would not recommend it to anyone running forex software on a mac. I would recommend anyone to install bootcamp to run the software in windows instead.

Just touch 144 mark. This will be the psychological point. If break below 143.5 we would see 140 in the next few days.

Originally Posted by kcooperj

As I mentioned before, it is unstable. I would not recommend it to anyone running forex software on a mac. I would recommend anyone to install bootcamp to run the software in windows instead.

Just touch 144 mark. This will be the psychological point. If break below 143.5 we would see 140 in the next few days.

tHANKS, I as it is am not a big fan of marketscope...it hangs up too often.....this morning it caused me a decent loss as soon as I hit the sell button, it hung up...I had to finally do that CTRL+ALT+DEL B.S. to get rid of it. By the time I was logged in, the pair had moved (you know what happens during London open !!)

Wondering if can transfer my account to metatrader platform....as it is both are fxcm advertised products.

Originally Posted by Abhishek

tHANKS, I as it is am not a big fan of marketscope...it hangs up too often.....this morning it caused me a decent loss as soon as I hit the sell button, it hung up...I had to finally do that CTRL+ALT+DEL B.S. to get rid of it. By the time I was logged in, the pair had moved (you know what happens during London open !!)

Wondering if can transfer my account to metatrader platform....as it is both are fxcm advertised products.

U should check on that. I wanted to switch to a forex application that supports mac, but cudnt' find any now.

Looks like the 144.0 is being tested over and over again. I say it would penetrate through. Just went in a few more lots with stop loss at breakeven overall. My overall Bias remains bullish as of this trade, but bearish in terms of geppy movement.

Originally Posted by kcooperj

U should check on that. I wanted to switch to a forex application that supports mac, but cudnt' find any now.

Looks like the 144.0 is being tested over and over again. I say it would penetrate through. Just went in a few more lots with stop loss at breakeven overall. My overall Bias remains bullish as of this trade, but bearish in terms of geppy movement.

I got out for a very small profit. I feel it will go up, but for a few pips I probably won't be able to sleep....12:30am here.

BTW, it also feels like we might start seeing our path down much before 145.00. Reason: look at AUDJPY and USDJPY chart, we are at strong resistance with very high stoch on both hourly and 15M. I am actually thinking of going short on AUDJPY....but let the asian markets open, those japs and aussies have burnt me many time !!

Originally Posted by Abhishek

tHANKS, I as it is am not a big fan of marketscope...it hangs up too often.....this morning it caused me a decent loss as soon as I hit the sell button, it hung up...I had to finally do that CTRL+ALT+DEL B.S. to get rid of it. By the time I was logged in, the pair had moved (you know what happens during London open !!)

Wondering if can transfer my account to metatrader platform....as it is both are fxcm advertised products.

Hi Abhishek,

don give up on marketscope...it have some good advantages. Is your CPU on wireless or cable? Try cable... or maybe you need backup cpu... sometime due volatility it hang. I happen to me too... especially during market crash or hijack... Some trader use a better Cpu for Charting and Market and the other for info and communication.

Originally Posted by kcooperj

Just touch 144 mark. This will be the psychological point. If break below 143.5 we would see 140 in the next few days.

...I agree with you. Look like it can either way...my R144.41 and S143.10...market moving upside, still waiting for better hit.

Originally Posted by Abhishek

I got out for a very small profit. I feel it will go up, but for a few pips I probably won't be able to sleep....12:30am here.

BTW, it also feels like we might start seeing our path down much before 145.00. Reason: look at AUDJPY and USDJPY chart, we are at strong resistance with very high stoch on both hourly and 15M. I am actually thinking of going short on AUDJPY....but let the asian markets open, those japs and aussies have burnt me many time !!

whizzed past 144 line. will take profits when hourly stochs show a divergence and/or RSI hits 70 mark. Short on standby at 145 area. Good nite to you there. Its still evening here

ho ho LONG trade proved succesfull. removed 75% of my lots for a sweeet 80 PIPS :-). my short orders are waiting at 145.30 . my thinking is 145.30 hits and then we are in for a sweeet down turn.

Originally Posted by kcooperj

whizzed past 144 line. will take profits when hourly stochs show a divergence and/or RSI hits 70 mark. Short on standby at 145 area. Good nite to you there. Its still evening here

bro where is SHORT waiting at 145? i mean 145.10 or 145.30 like that. and wats ur stop.

my SHORT entry is at 145.30 with STOP above 145.60. if it breaks that then we are up for 147.50

Originally Posted by cool_fx

ho ho LONG trade proved succesfull. removed 75% of my lots for a sweeet 80 PIPS :-). my short orders are waiting at 145.30 . my thinking is 145.30 hits and then we are in for a sweeet down turn.

good call, bro.
I have shorted jpy already, looking to short geppy in ~145 area
Good luck to all of us.