USD/JPY smashed | Forex Factory
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Not-KPMG
Jul 28, 2016 6:44pm
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Quoting zz_zhang
Hunting in action for big bull later
If you mean long U/J yes. Stop hunters show the way.
I wouldn't trade this cr.p yen, but my free advice is go long. Buy now, sleep on it, buy more 104.83 now
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wildbill2u
Jul 28, 2016 5:50pm
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Top ten banks who trade currencies control 85% of the 4 billion dollar daily currency market trades. When one of the Big Boys sneezes, the market moves. Our piddling retail trades are insignificant.

Since there hasn't been significant market news yet today and the big one news out of Japan is tomorrow, I suspect that one of the Big Boys made a very large sell, perhaps to move the market and take out all the retail traders' longs today in order to protect its position.
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wildbill2u
Jul 29, 2016 8:58am
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Quoting slipshod
There are other players besides large banks and the piddling retail traders - specifically, hedge funds and their clients, who often place forex trades to balance the risks in their core businesses.

For example, a company in the USA which relies on importing from Japan might take out a short position on USDJPY, as if the currency pair heads in that direction it will hurt their importing business, hence the short trade to hedge their risk. These trades often run counter to the direction the banks want to push the market, and provide plenty...
You are right about commercial traders who are actually in the business of moving commerce and trade across the world. You can see where these boys are going by studying the COT report.

However, there are other semi-large players including some 800 smaller banks and hedge funds which follow the structural moves of the Big Boys by reading their signals which are within the Elliot Wave/Fibonacci structures they all know and use.

Of course, some professional traders have tried to short circuit that by passing around inside information and moves (Hey, let's all go short USD/GBP today) in direct communications. We know this is true because some have been caught at it.
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wildbill2u
Jul 29, 2016 9:14am
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Quoting numbrcrunchr
If our piddling retail trades are insignificant, then what's the point of the big boys running stops to shake out the retail traders' positions? ... for mere retail pennies and nickels? .... and don't you mean 4 trillion instead of 4 billion?
Add up those pennies and nickels that small retail traders lose and that is their profit. They make a living off of retail traders which is why most retail traders are not profitable. They make and move the market in the direction they want.

So most small Retail traders are left to either guess which way a currency will move (like red or black on a roulette wheel) or to try to trade using trading indicators and EAs--and by definition these are always lagging indicators which are behind the big boys moves and then interpret them. Nothing wrong with getting into the move behind the BBs entry point--but the trick is to anticipate their finish, exit and reverse and to manage the risk/reward.

But to your main point: I read somewhere from a former bank trader that it takes a trade of 20 million to move the Eur/USD one half a pip. So the average retail trader by himself, making a piddling mini trade is insignificant in moving the market.

I wish you well and hope your trading is profitable.
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slipshod
Jul 28, 2016 8:23pm
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Quoting numbrcrunchr
If our piddling retail trades are insignificant, then what's the point of the big boys running stops to shake out the retail traders' positions? ... for mere retail pennies and nickels? .... and don't you mean 4 trillion instead of 4 billion?
There are other players besides large banks and the piddling retail traders - specifically, hedge funds and their clients, who often place forex trades to balance the risks in their core businesses.

For example, a company in the USA which relies on importing from Japan might take out a short position on USDJPY, as if the currency pair heads in that direction it will hurt their importing business, hence the short trade to hedge their risk. These trades often run counter to the direction the banks want to push the market, and provide plenty of liquidity.
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TooSlow
Jul 28, 2016 5:44pm
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WTF?!
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atheer1
Jul 28, 2016 5:52pm
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what an incredible power to move a currency like this
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MzansiObi
Jul 28, 2016 7:16pm
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Quoting castaluna
RIP to all blown accounts.
LOL :-)
Made money from that move. Trading in Dollars staying is SOUTH AFRICA, cnt complain guys and gals
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CARP.BLUFFS
Jul 28, 2016 7:20pm
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Quoting Siii
Im new to trading so for give my ignorance but what is insider trading?
https://en.wikipedia.org/wiki/Insider_trading
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iamsovereign
Jul 28, 2016 9:39pm
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Holleeee shot
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iamsovereign
Jul 28, 2016 9:47pm
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I got the slow ride down - and I know better to stick around
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Combro
Jul 28, 2016 5:47pm
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strange, big boss taking profit?
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rmrf
Jul 28, 2016 6:02pm
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sorry had to fill my longs at 103.50
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rmrf
Jul 28, 2016 6:03pm
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trying to rev up the asian session :Þ
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rmrf
Jul 28, 2016 6:09pm
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you mean long jpy!
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rmrf
Jul 28, 2016 6:09pm
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short UJ short GJ
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rmrf
Jul 28, 2016 8:55pm
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still holding my UJ and GJ shorts heh
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Subdude
Jul 28, 2016 6:00pm
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Quoting Combro
strange, big boss taking profit?
Yes, boss Abe just closed his UJ short.
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domba
Jul 28, 2016 9:04pm
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News coming in 30 minute
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forexings
Jul 28, 2016 8:56pm
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I told here earlier. This fcking BOJ is cannot control their own currency. Kuroda is outdated crap
China will dominate the world economy within a decade
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mrhigurashi
Jul 28, 2016 7:25pm
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haha. Good old bit of market manipulation is see. When this week has provided plenty of liquidity for it to be done with the markets moving sidewards.
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zz_zhang
Jul 28, 2016 6:10pm
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Hunting in action for big bull later
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zz_zhang
Jul 28, 2016 9:31pm
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Yes get ready for rocket bull uj 300pips
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RockRobb
Jul 28, 2016 5:55pm
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Flash boys in action?
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golfking
Jul 29, 2016 11:01am
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Quoting atheer1
what an incredible power to move a currency like this
.. may be a fake, unreal US GDP forecast was significant enough after a series of bad US economic news ???
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Fx 35
Jul 28, 2016 5:44pm
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I heavily shorted USD/JPY and I created this mess, sorry guys lol
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SashaP
Jul 28, 2016 5:45pm
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dust is gone sell usd jpy
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Spec_And
Jul 28, 2016 5:45pm
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Likely just algos running stops in a thinly traded market. Nobody is going to commit to a position before BoJ, could be career ending if you get it wrong.
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Spec_And
Jul 28, 2016 5:50pm
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Bulk of the BS move erased.
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Neqrotik
Jul 28, 2016 6:41pm
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Quoting castaluna
RIP to all blown accounts.
hahahahaha
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dhussey
Jul 28, 2016 5:42pm
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Fade it... BTFD
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jampang
Jul 28, 2016 5:37pm
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insider trading
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Kamran7
Jul 28, 2016 6:01pm
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or maybe some big traders are getting ready for making huge money before the news hit the market. some kind of inside news that they had, helped them to make decision what to buy/sell now to make money when market reacts to that news.
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TCentral
Jul 28, 2016 6:16pm
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for some reason - explorer doesnt work properly ....now idea why .-- in my profile i just cashed in 470$ on the spike ...and holding longs only ....I am exporting here 20k account ... nothing to talk about ....but still real account and yes i get the fills ....so I am long ...and fundamental it is the reason of curencies war and aim for BOJ - to make the JPY cheaper, if they manage or not ...we will see
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numbrcrunchr
Jul 28, 2016 7:18pm
Permalink
Quoting wildbill2u
Top ten banks who trade currencies control 85% of the 4 billion dollar daily currency market trades. When one of the Big Boys sneezes, the market moves. Our piddling retail trades are insignificant.

Since there hasn't been significant market news yet today and the big one news out of Japan is tomorrow, I suspect that one of the Big Boys made a very large sell, perhaps to move the market and take out all the retail traders' longs today in order to protect its position.
If our piddling retail trades are insignificant, then what's the point of the big boys running stops to shake out the retail traders' positions? ... for mere retail pennies and nickels? .... and don't you mean 4 trillion instead of 4 billion?
Reply
RomanBubenik
Jul 28, 2016 5:40pm
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that wasnt that market started moving fast, some insider as Jampang said or some news.
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Wigglesworth
Jul 28, 2016 5:44pm
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What the heck happened? Still no news? Dang! I closed out my CHFJPY sell at +15 pips just before the drop...Guess the JPY gods were not on my side.
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castaluna
Jul 28, 2016 6:07pm
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RIP to all blown accounts.
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umd
Jul 28, 2016 5:39pm
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Why does market suddenly started moving fast?
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Siii
Jul 28, 2016 5:42pm
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Im new to trading so for give my ignorance but what is insider trading?
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Chomchom
Jul 28, 2016 5:42pm
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Whats going on?
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skyboys007
Jul 28, 2016 5:45pm
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War just getting warmer. Wait for a storm.
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Pariola1
Jul 28, 2016 5:48pm
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lol
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gunchikhan
Jul 28, 2016 6:05pm
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(Bloomberg) PIMCO on the BOJ: 30% chance they
do nothing, 50% they disappoint
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TCentral
Jul 28, 2016 6:07pm
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Short JPY, or be able to hold and short it again in a bit ....so make sure u are ok with margin and account ...
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Trader#1F83
Jul 28, 2016 7:11pm
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Guys all that volatility before news to put out stop lost for all bullish traders cause after few hours JPY/USD will flight to the sky and tomorrow GDP (usa) sure will be position and will make JPY/USD more bullish .Good Luck
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CoolJL
Jul 28, 2016 9:28pm
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Someone at BOJ seem to have very twitch fingers.
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Trader#4EAE
Jul 28, 2016 5:38pm
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What was all that about?
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Trader#CFDC
Jul 28, 2016 5:40pm
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any body explain pls ??!!
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Trader#695D
Jul 28, 2016 5:42pm
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lmao...yea okay...insider trading moved hundreds of millions in forex
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Trader#9441
Jul 28, 2016 5:43pm
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Was because i get out with lose at 23:22...i was short with loste, fu.k!!
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Trader#29E7
Jul 28, 2016 5:48pm
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I think Japan are gonna go nuclear and yen gonna get weaker.
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Trader#84CA
Jul 28, 2016 5:57pm
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Quoting Fx 35
I heavily shorted USD/JPY and I created this mess, sorry guys lol
why you created this mess? reason please!
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Trader#2851
Jul 28, 2016 5:58pm
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dose any one know what happend?
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Trader#92E5
Jul 28, 2016 5:59pm
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Well, i'll have to be honest to you all .. That was me, taking my profit from selling the yen .. so, please, no hard feeling ..
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Trader#46F4
Jul 28, 2016 6:01pm
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all the trick. Why did they move it down and within 5 seconds they moved it up. was this not what you guys saw in your charts?
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Trader#BAE4
Jul 28, 2016 6:25pm
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graph went down
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Trader#195F
Jul 28, 2016 6:39pm
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Long USD/JPY at 104.72 !!! I hope they will ease
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Trader#A6F4
Jul 28, 2016 6:40pm
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UJ - 48h - very week chart, fragile
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Trader#6720
Jul 28, 2016 6:58pm
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There's dilema and i think boj will wait for a little time. Not today for boj
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Trader#1F83
Jul 28, 2016 7:52pm
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Guys be ready for a big storm 300/400 pips up .
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Trader#1F83
Jul 28, 2016 7:55pm
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Kuroda and Abe just win election and will fail to weaken Yen ??? impossible !!!! they will make not just helicopter money they will even use APACHI and F16 if it need lol
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Trader#AEC7
Jul 28, 2016 8:37pm
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number was released a lot earlier, no inside trading
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Trader#5D6D
Jul 28, 2016 9:35pm
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What time is this news coming out? Midnight EST?
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Trader#5793
Jul 28, 2016 9:40pm
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Quoting Guest
all the trick. Why did they move it down and within 5 seconds they moved it up. was this not what you guys saw in your charts?
In 3 letters, HFT
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Trader#A38A
Jul 28, 2016 11:43pm
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Quoting zz_zhang
Yes get ready for rocket bull uj 300pips
Lol, rocket bull eh? Which chart did u see?
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