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

Originally Posted by wan0903

hye cool..

try to look at my EW count on u/j and g/j on h1 chart here... we will having a heavy downside after it's complete making their current wave.. for g/j, im not sure yet either it's now making wave 3 or wave 5.. but for u/j, it's now seem complete making wave 3 and now making wave 4 (assume it will end at 38.2 fibo at 88.80 level)..

but for overall, i think we are in very berish condition again..

let's see

i think its wave-5. i agree with u on USDJPY charts. it shud be going heavy downside now. oh boy this will be an interesting night. ha ha.

i agree cool and wan! loading up on shorts here
Mike

what if we all wrong? it will be my end for this account...

Originally Posted by Razielz

what if we all wrong? it will be my end for this account...

well bro wat r ur stops? keep them above 144.50 . no one can gurantee anything. but 144.50 looks to be strong resistance.

Ok not a bad trade...Bernanke saved teh day there! lol.

I exited just shy of the 50 day MA , if we breach above that may assess again.

Either way a 90 pip gain not bad for a dangerous trade.

Bongoman

Originally Posted by cool_fx

well bro wat r ur stops? keep them above 144.50 . no one can gurantee anything. but 144.50 looks to be strong resistance.

My charts coincide with Wan's, and so I went in at 143 to add my shorts, SL at 143.6 for those...

I'm not a fan of EW, although I'm willing to put effort into learning them one day. All we have been discussing have been more towards entry points for shorts, now back to basics, what are your targets? I'm targeting 139 (28 April low) for 85% of my lots, and remaining towards 135 (17 March Low) and maybe 125 (19 March Low).

Originally Posted by cool_fx

well bro wat r ur stops? keep them above 144.50 . no one can gurantee anything. but 144.50 looks to be strong resistance.

i`m keeping above that point of course but its too much i hope soon we will go down, deep down

yes, cooper im targeting 139 and below .
Mike

Originally Posted by kcooperj

My charts coincide with Wan's, and so I went in at 143 to add my shorts, SL at 143.6 for those...

I'm not a fan of EW, although I'm willing to put effort into learning them one day. All we have been discussing have been more towards entry points for shorts, now back to basics, what are your targets? I'm targeting 139 (28 April low) for 85% of my lots, and remaining towards 135 (17 March Low) and maybe 125 (19 March Low).

Hye bro..

it going pretty well at this moment for g/j and u/j.. we will see a large dowrnfall after their finished their job (bouncing).. but i think at the moment, 143 level is the best area for now to short...

razielz..

dunt worry.. if g/j going up, 143.50 level the highest we can see today..

happy trading to all..

12 more pips north would trigger my short too ^^;

Hi guys
Can I have more than one FXCM microlot account?...thinking of adding one more..
Can anyone tell me...yes or no

Originally Posted by wan0903

Hye bro..

it going pretty well at this moment for g/j and u/j.. we will see a large dowrnfall after their finished their job (bouncing).. but i think at the moment, 143 level is the best area for now to short...

razielz..

dunt worry.. if g/j going up, 143.50 level the highest we can see today..

happy trading to all..

hey Wan
I...agreed with huge drop...look like turning point soon when Ldn open.
R1 - 143.7 and R2 - 14420.

good luck guys

USDJPY is deffinately going to 79.80 it's only a matter of time, I expect we'll some sideways chopping and some staLLing around the prior lows by 87.00 ,,, but eventually we're going through it....

I expect price action could end up much more bearish than this chart shows, but here is some speculation eye candy anyway for the more hopeful people out there.... USDJPY offers excellent risk to reward setup anywhere along the road here for long term bears to target prior multi-year lows at 79.80 ,,, especially with price breaking downward out of a 12 Year triangle ... Triangles are continuation patterns and typicly found in wave 4's and thus we know price must come under the last low at 79.80 to complete wave 5 of an elliott wave pattern (although i suspect price could drop much further and faster than anyone expects because in my experience I have seen the most strong and long lasting one directional moves come from triangle break outs and from looking at the down side momentum building on the monthly chart I say it won't be long before we get some really long red bars in there)


USDJPY Monthly Chart ------>

You are lost in a world of charts buddy and losing sight of the facts around you!...Japan can not have a currency that stong!....you are obviously short the dollar and no living in hope! your posting sounds like a clear want you want to hear and see!...exit if that yen breaks above 90

Bongoman

i think we have a hammer on 1h chart?

here we go!