Usd/Jpy

[mostafa abdelwahab]

The trading rang for today is among the major support @ 80.50 and the key of resistance @ 81.10.
The general over short term basis is to the upside targeting 81.10 as far as area of 81.35 .

[s19]

this pair break its tringle...up trend expected.. but i thing good enter price 81.10 and sl is 80.68

[Victoryindia]

The current trend of an upward trend and then target 81.10 if the price went to the lowest point 80.65, breaking the trend turn to the downside targeting 80.35

[arjun]

Trend formed:
Current price @ 0.8074. prices were still rising, and leaving our pending orders. I think the trend has to be UP, then change the buy position limit become @ 80.63.

Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, but i like to cut loss and cut profits.

Note:
Always slide the buy / sell limit follow the movement of sma or ema.
And remember, always disciplined and follow the rules.

Image link:
http://i1123.photobucket.com/albums/...0115-50-40.png

[Victoryindia]

the previous week saw usdjpy failed to break support at 80.00.
it instead push much higher up to 80.79, but resistance is at 81.03 with indications of reversal at 80.79.
i think usdjpy is still bearish, but a break of 80.79 and then 81.03 would imply otherwise.

[arjun]

Evaluation For Yesterday:
-

Trend formed:
oops, candle heiken formed does not show a clear trend. two tailed and trapped inside the lines sma5.actually better to wait for the next candle is formed so that the trend was clear, but I took the risk by placing a buy limit at the lowest price ever.

Position For Order:
Position 1 ==> buy limit @ 80.19

Money Management (MM):
Use multilevel lot. .... Position 3 > position 2 > position 1.
Stop Loss and Target Propit up to you, I like to cut loss and cut profits.

Note:
Always slide the buy / sell limit follow the movement of sma or ema.
And remember, always disciplined and follow the rules .

[arjun]

prices were not reflecting in low sma5 h4, but at low sma5 daily. I forgot to keep it in the area. for the future, always consider the two lines.

[Victoryindia]

The current trend upward trend and target 80.65, then 80.80 Stop Loss 80.35 if headed for the lowest price breakers 80.35 points, the trend turn to the downside targeting 80.15 and 80

[arjun]

movement yesterday was UP, but I was too far BUY LIMIT. should I plug in the "SMA 5 HIGH " with the " EMA 8". should profit yesterday, but it does not matter, just think for a lesson. then wait for the price at only 80.40. This seems to be executed, because the prices are very close.

[Victoryindia]

the pairs failed to break below 79.69 support and rebounded from 80.00, suggesting that sideways movement is underway, range trading between 79.58 and 82.22 is expected to go on in the near futur.