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

Originally Posted by pachenko

hi everyone am new here and quite new at trading too i would like to be as good as u guys someday..@moneyinc. can i still go in to SHORT UJ right now at 91.92...tanks

Pachenko ... nobody, and I mean NOBODY, can make these decisions for you.

Think about it. If I knew for sure, I'd act on that knowledge, and why would I tell you? It's a zero-sum game. YOU have to decide what you can afford to risk, where you can afford to risk it, and if the technicals or fundamentals justify the risk. NOBODY is going to make your trades for you, and if someone offers to do that, I'd run. Very fast. (Unless they agreed in writing to cover my losses of course.) ^_^

Good luck!

Edit: MoneyInc has just agreed to cover all my losses. What a guy! I'm sure you can work out some agreement with him at a reasonable rate.

Originally Posted by mihaia2002

i stick with mine for now, as i see everybody is kida' bullish, even a number of websites... still have my shorts and added more with a breakeven @ 137.15, 35 pips from current levels, that would be my SL for today... if it goes back there again, then bullish we are, had 2 attempts already... target 135.8 for now.. as said i might be wronf but this is my take... the graph is my analysis from last night, 7-8 hours ago i think

still keeping my shorts through the UK data @ 9:30 UK time...in 30 min

Originally Posted by mihaia2002

still keeping my shorts through the UK data @ 9:30 UK time...in 30 min

i could have obviously made more being long... i will be out for a couple of days... cannot put my mind to it...

Happy Trading people... I stopped everything

Originally Posted by MoneyManager

Pay the man if he loses, okay? ^_^ I mean, fair is fair.

My money is not as long as yours MoneyManager. lol

Originally Posted by Mike in Japan

Wow!! did I get that wrong yesterday! - totally misjudged the fundies Out quite a few pips to say the least.. It seems the the UK Budget and the Euro plunge is not making the GBP sink as much as I had thought.. I have gone long at 136.96, yet looking at the hourlies and wonder if that was such a smart move.. S/L 136.40. - medium-Long term, I'm still very bearish on this pair.. UK election in May (probably), and another UK Budget 2 months later could reveal the full extent of the UK dept.. Just my thoughts..

Good morning Mike and Co

Im glad i took yesterday off as im sure i would of got it wrong yesterday.
Im waiting for the number crunchers to finish there job and declare whether Darlings figures add up or not. How many times have we heardthe Uk gov make declarations of growth only to have it smashed down by the credit agencies.
The fundies across the board are showing risk abound so i dont understand this move up.
Charts looking bullish - but im sidelined and waiting to see if this goes through 137.90, upper channel line.

ADD: Darling talking now on bloomberg. 10.15 GMT

I hope that you are not trading real cash right now. If you are new get a practice account and trade with it until you have a trading style, plan, and Money managment technique that works for you.

Originally Posted by MoneyManager

Pay the man if he loses, okay? ^_^ I mean, fair is fair.

lol you don't have confidence in My EW projection.

Originally Posted by cool_fx

lol bro i added more LONGs at 136.70 more.

lets see wat happens.

but i think this is just stretching till london open and then its gonna jump up.

yabbaaaa dabbbaaa dooooo.

lol recovered my losses frm yeseterday with extra moolah

closed my LONGs frm morning (Long 137.05 area) now with 50+ pips
Closed my Longs from night at 80+ pips

as i always say, forex is looking in the eye of the beast with full confidence and seeing who blinks first.

lol im just too excited. time to get back to sleep. :-)


ADD: SHORT got entered at 137.55 with S/L 139.50
target 133s

but if this doesnt goes either way by NY open. im getting out. lol

Originally Posted by cool_fx

yabbaaaa dabbbaaa dooooo.

lol recovered my losses frm yeseterday with extra moolah

closed my LONGs frm morning (Long 137.05 area) now with 50+ pips
Closed my Longs from night at 80+ pips

as i always say, forex is looking in the eye of the beast with full confidence and seeing who blinks first.

lol im just too excited. time to get back to sleep. :-)


ADD: SHORT got entered at 137.55 with S/L 139.50
target 133s

but if this doesnt goes either way by NY open. im getting out. lol

ho ho closed my last sets of long at 137.80.

now all longs are gone.

Im now bearish on this pair!


ADD: SHORTED more at 137.70

As pointed out a couple of hours ago, an upside is imminent, and now it's hanging around 137.3-137.4. Below are charts to consider.

Daily: Turned bullish as MACD shows bullishness + line was broken (as i am typing). Now it depends on whether it would close above the horizontal downward line.

60min: Lets see if candlestick would close above .618 fibs (137.6). If yes a further upside is expected. Next test would be 138.6 (refer to daily chart).

Originally Posted by MoneyInc.

My money is not as long as yours MoneyManager. lol

I'm not sure about that MI. I think you are kind of "sneaky large", aren't you?

Edit: You can tell me man! I won't breathe a word of it, and I will never fade you, because even though we may not be in perfect alignment, you *are* *no* *fool*.

Originally Posted by kcooperj

As pointed out a couple of hours ago, an upside is imminent, and now it's hanging around 137.3-137.4. Below are charts to consider.

Daily: Turned bullish as MACD shows bullishness + line was broken (as i am typing). Now it depends on whether it would close above the horizontal downward line.

60min: Lets see if candlestick would close above .618 fibs (137.6). If yes a further upside is expected. Next test would be 138.6 (refer to daily chart).

hey when did u came back. lol. u now in malaysia?

Originally Posted by cool_fx

hey when did u came back. lol. u now in malaysia?

nope i'm in japan now..i thought i told u last year i'll be away for quite some time haha!
came back to this forum some time around last week i think, lol!

Originally Posted by MoneyInc.

lol you don't have confidence in My EW projection.

Actually, I was watching that projection with some interest all day. I could *never* *ever* project so many waves. I thought the first one down to about 91.9 or so was very good. But I thought the retest was early (it was, but it was also pretty good when it got there). However, I was not far off your track doing it in real time. I sold a portion @ 92.30, bot it back @ 91.90 (too early, but what is 13 pips among friends?), then dumped it again @ 92.05. No moves since then.

I just can't believe that 91.77 (roughly) is all that there is going to be. But you know, it could be ...

Originally Posted by MoneyManager

Actually, I was watching that projection with some interest all day. I could *never* *ever* project so many waves. I thought the first one down to about 91.9 or so was very good. But I thought the retest was early (it was, but it was also pretty good when it got there). However, I was not far off your track doing it in real time. I sold a portion @ 92.30, bot it back @ 91.90 (too early, but what is 13 pips among friends?), then dumped it again @ 92.05. No moves since then.

I just can't believe that 91.77 (roughly) is all that there is going to be. But you know, it could be ...

I am thinking the it will test the resistance line (points of reference) 92.39 to 92.16 and then head downward to support line (points of Reference) 92.27 to 91.72