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

Originally Posted by kcooperj

Whats your target if you go short? Mine's at 148.7 currently, which is today's S1. Will even close it at 149 depending on candle close.

bro....

at the moment, i didn't see any establisg trendline in 1H timeframe, so don't use my 2 candle appear approach rite now... u can use when u get a establish trendline either downtrend or uptrend...



add : if u have done ur trap, then just let it be, i think geppy now want to break either up or down, and if it did happen, we will see a big move..

Originally Posted by wan0903

bro....

at the moment, i didn't see any establisg trendline in 1H timeframe, so don't use my 2 candle appear approach rite now... u can use when u get a establish trendline either downtrend or uptrend...



add : if u have done ur trap, then just let it be, i think geppy now want to break either up or down, and if it did happen, we will see a big move..

yep exactly. tats why im very nervous to enter. im holding my longs frm 149.30 in one account. and also have shorts 150s in another. but i wanna open new positions and im still thinking.

i feel till london open we will see ups and downs and real action will happen during your lucky times. remmeber the list of times u gave me long time back. he he.

Originally Posted by wan0903

bro... sorry not make it clear..

what i mean is, in 1H timeframe, the last 6-8 hour candle.. mksudnya, kamu sambungkan highest and loweest untuk candle-candle ini...

harap kamu faham..
tq

ok aku faham ha ha. I'll do just that.

Any kind of resistance around the 149.6 area? it's being hanging out there for the past few 15 min...

Originally Posted by cool_fx

yep exactly. tats why im very nervous to enter. im holding my longs frm 149.30 in one account. and also have shorts 150s in another. but i wanna open new positions and im still thinking.

i feel till london open we will see ups and downs and real action will happen during your lucky times. remmeber the list of times u gave me long time back. he he.

Bro...

still remember my lucky time haha?.. btw, wed and thu is the best day to trade and sometime friday also will give u a surprise,, try to avoid monday bcoz usually mon and tues is the day where trendline is forming.. ..

at the moment im just stick with my trap, and will add whend trendline is confirm..

also need to remember if it down to 148.90 and have a strong bounce from that level and pass 149.30 again, then it will confirm my wave 2 and geppy will move up from there strongly to atleast 150.89 area to complete wave 3...

let see..

Vincy,

I hope you've caught the wonderful upside trend on UJ and GJ already. As far as I can see EJ, AJ, and NJ may follow up soon.

JPY has always been my favourite as it gives clear signals where its going to go.

I think you need to learn more about how to trade Exotics, I agree that ZAR pairs are high spread but there are a couple of things you need to keep in mind:

1. Lets say if it has a 100 pips spread but how much is the actual value for 1 pip should also be taken into account

2. The volatility on Exotics is extremely high, pairs such as USDZAR, ZARJPY, USDTRY, USDILS, USDSEK, USDNOK and etc can actually move more than a thousand pips a day while the Majors may have ATR of hardly a hundred pips. That is why many traders simply love trading Exotics.

In the end its all about catching trend right and early

Cheers,
Asher

Originally Posted by VINCY BALBOA

Hi Asher Yes agree the JPY is wreaking, so it is better for me I bough-ted on 89.55 level as I told you before..but I was just wondered when that pair just suffering for the Sharp Ks and Ts Equilibrium so I just Keep my SL just 10/pivot l2= Price of UJ.. so I am very mush sure if that Break the Kumo bear Cloud Bottom Support of 30 minute chart Basis so My triger would be Sell on UJ close.

But That was just a Flag Formation Of technical analysis help of Sharp Equilibrium Of ts ks..

That why I am still gaining Money..hehe..
So Asher, I never tried ZAR JPY..that is high SPREAD..Pair..


hehe so i can sing...


Twinkle twinkle little star,
how I wonder what you are?
Looking at your magic light,
watching over us tonight.

Before my dreams take me away,
I kneel beside my bed and prey.
For all the children in the dark,
till tomorrow,
twinkle little star.

Promise me you'll twinkle little star.
Cos everybody needs a little star.



...............
thats true..Cos everybody needs a little star.

good night

Originally Posted by wan0903

Bro...

still remember my lucky time haha?.. btw, wed and thu is the best day to trade and sometime friday also will give u a surprise,, try to avoid monday bcoz usually mon and tues is the day where trendline is forming.. ..

at the moment im just stick with my trap, and will add whend trendline is confirm..

also need to remember if it down to 148.90 and have a strong bounce from that level and pass 149.30 again, then it will confirm my wave 2 and geppy will move up from there strongly to atleast 150.89 area to complete wave 3...

let see..

omg bro this is getting really irritating. prices are stuck. im sure london open will be very interesting. i still dnt knw which side to bet. lol.

hey is anyone here on facebook? lol just wondering.

Originally Posted by cool_fx

omg bro this is getting really irritating. prices are stuck. im sure london open will be very interesting. i still dnt knw which side to bet. lol.

Yes this is getting irritating, I have my SL placed at 150 still. Will just ride a 30 pip loss if that's meant to happen LoL... In cable forum there are guys that are bullish, I dun know on what basis is that...,maybe medium term Pound is Bullish?

Yes I have facebook. It's the facebook age now.. LOL

Originally Posted by kcooperj

Yes this is getting irritating, I have my SL placed at 150 still. Will just ride a 30 pip loss if that's meant to happen LoL... In cable forum there are guys that are bullish, I dun know on what basis is that...,maybe medium term Pound is Bullish?

Yes I have facebook. It's the facebook age now.. LOL

stop just 30 pips for dragon. wow bro u keep some very interesting stops in this dragon. lol

Originally Posted by asherewt

Vincy,

I hope you've caught the wonderful upside trend on UJ and GJ already. As far as I can see EJ, AJ, and NJ may follow up soon.

JPY has always been my favourite as it gives clear signals where its going to go.

I think you need to learn more about how to trade Exotics, I agree that ZAR pairs are high spread but there are a couple of things you need to keep in mind:

1. Lets say if it has a 100 pips spread but how much is the actual value for 1 pip should also be taken into account

2. The volatility on Exotics is extremely high, pairs such as USDZAR, ZARJPY, USDTRY, USDILS, USDSEK, USDNOK and etc can actually move more than a thousand pips a day while the Majors may have ATR of hardly a hundred pips. That is why many traders simply love trading Exotics.

In the end its all about catching trend right and early

Cheers,
Asher

HELLO MR, FUND MANAGER ASHER..

Thank you .. Yes I am Still catching in GJ and UJ..

Yes My Favorite too Becoz I can earn money.

Yes Indeed The Spread is very High, and Specially Some currency Movement …
You are Right And I want to catch 1000 pips if I can here I know Little about Exotics Currency…

But i have seen Asher and have found the ZAR/JPY is not Is volatile ..




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That Move the biggest moves up in bull markets. And it’s where you get the sharpest moves down in bear markets.

You are Totally Right Asher.

And here is some site

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and here is ALL EXOITIC currency

USD / ARS 3.8075 3.8125 -0.0050 -0.13 3.8625 3.0175 08:55 Argentinia Peso USD / BRL 1.7325 1.7375 0.0000 0.00 2.6215 1.6065 22:40 Brazilian Real USD / CLP 507.20 507.70 0.00 0.00 683.50 503.10 22:40 Chile Peso USD / CNY 6.8251 6.8301 -0.0002 0.00 6.8970 6.8075 23:30 China Yuan Renmimbi USD / EGP 5.4571 5.4575 0.0000 0.00 5.6975 5.3468 16:43 Egyptian Pound USD / GRD 229.06 229.56 -0.15 -0.07 276.58 225.97 23:36 Greek Drachma USD / HKD 7.7475 7.7525 0.0000 0.00 8.3231 7.7239 23:23 Hong Kong Dollar USD / HUF 182.24 182.74 -0.10 -0.05 253.06 156.51 23:36 Hungarian Forint USD / IDR 9404.5 9405.5 0.0 0.00 12503.5 9137.5 22:38 Indonesian Rupiah USD / ILS 3.7773 3.7777 0.0054 0.14 4.2994 3.3677 23:36 Israeli Shekel USD / INR 46.59 46.69 -0.05 -0.11 52.52 43.08 23:36 Indian Rupee USD / JOD 0.7088 0.7092 0.0000 0.00 0.7197 0.7056 22:40 Jordanian Dinar USD / KRW 1161.25 1161.75 6.90 0.59 1597.35 1038.60 23:36 Korean Won USD / KWD 0.2850 0.2854 0.0000 0.00 0.2969 0.2659 22:40 Kuwaiti Dinar USD / MXN 13.1708 13.1758 -0.0127 -0.10 15.5852 10.0767 23:36 Mexican Peso USD / MYR 3.3802 3.3852 0.0002 0.01 3.7445 3.3255 23:03 Malaysian Ringett USD / PHP 46.75 46.80 -0.05 -0.11 50.10 45.34 22:58 Philippine Peso USD / PKR 83.43 83.48 -0.10 -0.12 84.21 74.52 23:22 Pakistan Rupee USD / PLN 2.7795 2.7805 -0.0006 -0.02 3.9143 2.2088 23:35 Polish Zloty USD / RUB 28.86 28.96 0.08 0.28 36.58 24.21 23:30 Russian Ruble USD / SAR 3.7479 3.7529 0.0000 0.00 3.7776 3.7046 22:39 Saudi Arabia Riyal USD / SGD 1.3890 1.3894 -0.0009 -0.06 1.6663 1.3836 23:36 Singapore Dollar USD / THB 33.26 33.36 0.00 0.00 36.44 33.11 23:35 Thai Baht USD / TRL 1.1908 1.1918 0.0128 1.07 1.1918 1.1918 21:40 Turkish Lira USD / TWD 32.24 32.34 -0.09 -0.28 35.31 31.22 23:00 Taiwan Dollar USD / ZAR 7.4468 7.4668 -0.0166 -0.22 11.8806 7.2173 23:36 South African Rand

Originally Posted by asherewt

ZAR pairs are high spread

in Some station the Zar/jpy is 2.5 Spread .. i also found that asher..





I love if you Mail me and share some Exotic Opinion.. I dont have good knowledge compare to you about Exotic Pairs...


See the chart..
VERY BEAR FROM C..

bro im planning to keeping my longs on till 150.80-151 area.

add: omg im so confused this time. i dnt wanna miss any major move. he he

Originally Posted by cool_fx

bro im planning to keeping my longs on till 150.80-151 area.

add: omg im so confused this time. i dnt wanna miss any major move. he he

bro... im still on sideline.. although g/u try to go up further, but with u/j still going down, i think i will wait for a good signal..

... btw i close my long for u/j from 89.20 yesterday at 90.30... quite nice pair for those want to play safe..

okie here's my trade plan.

plzz lemme knw wat u guys think

Originally Posted by cool_fx

okie here's my trade plan.

plzz lemme knw wat u guys think

bro... i would rather to go long if it break 150.10 level...

Originally Posted by wan0903

bro... i would rather to go long if it break 150.10 level...

yeah wat i usually do is i wait for 1 whole candle to close above the trend line. so far its not happening.

i went short at 149.82 with tight stops (basically a whole candle close above the descending trendline)