50 Day EMA USDJPY

[usdoutlaw]

come everyone ... with a group efort we can rip the uSDJPY above the 50 EMA

or if you are selling just flip it wont hurt and it will be a huge 100 pips to the upside!!!

 

[usdoutlaw]

Look ... there will even be a steeper channel to the upside as well once the 50 EMA is broke through

 

[usdoutlaw]

Pierced the 50 EMA to the upside but all fizzle and no sizzle so far

 

[FXSnipe]

usdoutlaw, this pair doesn't seem to interest me ta the moment, sorry I wont be joining the party!

 

[usdoutlaw]

well you have that great EURGBP position so I don't balme you.

But if you are not interested in making upwards to 100 pips then well I guess you are already independently wealthy and trade for fun

 

[usdoutlaw]

Ok it seems that there is not steam in this USDJPY ... time to close longs.

 

[cabletrader]

Quote from usdoutlaw:

come everyone ... with a group efort we can rip the uSDJPY above the 50 EMA

or if you are selling just flip it wont hurt and it will be a huge 100 pips to the upside!!!

Well I've done my bit, I think the market moved a couple of pips....

 

[FXSnipe]

The UK consumer still feeling the pinch, retail sales got clobbered, waiting for a 4hr close on EURGBP to see if I should bail out or leave it, 2 minutes to go...

 

[FXSnipe]

EURGBP out of it 150 points.... at one point I was up 200 points thats the nature of the game one has to lose money in order to make money lol!!

 

[pentothal]

Hi all again,
I have aposition in USD JPY as well. Same size (20k) and approach of my EURGBP (no intraday, Elliott Wave and support/resitance).
From my perspective, there is a potential for a massive trend in the USDJPY, with 110 the bare minimum.
From a time perspective, I am talking about months so it's more an asset allocation decision than a trading decision but overall the direction is up, and that in my opinion is the most impartant thing to know.