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USD/JPY Discussion

  • #73,521
  • Feb 21, 2018 9:34am Feb 21, 2018 9:34am
"Prez, For whatever reasons you feel the need to make me aware that my methods are sub par, or if my presence on this thread somehow threatens you in some way, that's your business. It's not the first time, and mean spiritedness has no place here. I share parts of what I know about trading as do you, after all this is a trading forum. I'm not interested in jostling with any poster, but enjoy open debate and analysis about trading! Please keep your personal "stuff" to yourself as this isn't the place for it. Any criticism or critique of any trades I post or any debate about analysis or thoughts are welcomed by all traders. That's the way it should be...."

How many ways can I ask you to stop? Is being kind and respectful not enough...
This is my last response to you!
  • #73,522
  • Feb 21, 2018 9:59am Feb 21, 2018 9:59am
Quoting MrPresident
i think there will be further downside in stocks today since the market may anticipate further rate hikes this might cause USD/JPY to sell off again {image}
Why selloff?I always thought dollar grew stronger after rate hikesThis is so messed up.

Speaking of equities I anticipate they are about to skyrocket next month after outstanding quarterly results post tax cuts and organizations getting money back to USA.
Your friendly neighbourhood Sith
  • #73,523
  • Feb 21, 2018 10:02am Feb 21, 2018 10:02am
Quoting darthPip
{quote} Why selloff.I always thought dollar grew stronger after rate hikesThis is so messed up. Speaking of equities I anticipate they are about to skyrocket next month after outstanding quarterly results post tax cuts and organizations getting money back to USA.
Most traders act on the rumour and when the release is confirmed, profit taking ensues hence why the price drops, it takes a while to get your head around it the first few times
To Pipccess and Beyond
  • #73,524
  • Feb 21, 2018 10:03am Feb 21, 2018 10:03am
Quoting darthPip
{quote} Why selloff.I always thought dollar grew stronger after rate hikesThis is so messed up. Speaking of equities I anticipate they are about to skyrocket next month after outstanding quarterly results post tax cuts and organizations getting money back to USA.
stronger dollar is bad for equities since companies lose money

stronger dollar, higher interest rates, higher debt, higher wages -> money flows to JPY
Don't Worry Be Happy
  • #73,525
  • Feb 21, 2018 10:03am Feb 21, 2018 10:03am
How has everyones trades been going, any success? Ive been stopped out 3 times today so I'm just going to observe, and is anyone going to be trading the FOMC today, if so, how?
To Pipccess and Beyond
  • #73,526
  • Feb 21, 2018 10:05am Feb 21, 2018 10:05am
Quoting MrPresident
{quote} stronger dollar is bad for equities since companies lose money stronger dollar, higher interest rates, higher debt, higher wages -> money flows to JPY
Stronger dollar ->money flows to JPY.

Weaker dollar -> money flows to JPY again?

This UJ behaviour is so irrational it would make sense to decouple the markets from all the economic news
Your friendly neighbourhood Sith
  • #73,527
  • Feb 21, 2018 10:07am Feb 21, 2018 10:07am
The market likes rate hikes, they don't like inflation. Inflation is what scares the markets, so any comments by the fed about this will influence the markets. That's why I'm suspect on good news as the morning headlines all point to how wonderful everything is!!
  • #73,528
  • Feb 21, 2018 10:09am Feb 21, 2018 10:09am
Quoting darthPip
{quote} Stronger dollar ->money flows to JPY. Weaker dollar -> money flows to JPY again?
the market thinks that the dollar is overvalued and it has been heavily sold off since late last year

i think it will continue to be sold off, dragging USD/JPY to 100 by year end
Don't Worry Be Happy
  • #73,529
  • Feb 21, 2018 10:11am Feb 21, 2018 10:11am
Quoting MrPresident
{quote} the market thinks that the dollar is overvalued and it has been heavily sold off since late last year i think it will continue to be sold off, dragging USD/JPY to 100 by year end
I agree with you on 100 by year end thing.We might have a rally to 112 before that.
Your friendly neighbourhood Sith
  • #73,530
  • Feb 21, 2018 10:15am Feb 21, 2018 10:15am
Quoting forexin101
How has everyones trades been going, any success? Ive been stopped out 3 times today so I'm just going to observe, and is anyone going to be trading the FOMC today, if so, how?
very good day, week, and month for me

looking to enter short positions on this pair between 108 and 110, long from 107.3 area
Don't Worry Be Happy
  • #73,531
  • Feb 21, 2018 10:26am Feb 21, 2018 10:26am
the pair is shooting up because of stocks, be careful about selling under 108
Don't Worry Be Happy
  • #73,532
  • Feb 21, 2018 10:33am Feb 21, 2018 10:33am
Still in long since last week, targeting 110..
  • #73,533
  • Feb 21, 2018 10:36am Feb 21, 2018 10:36am
Sometimes Fed minutes release is a market mover and sometimes it isn't.
  • #73,534
  • Feb 21, 2018 10:40am Feb 21, 2018 10:40am
Starting my short entries from here till 108.20ish area SL depends on PA.
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  • #73,535
  • Feb 21, 2018 10:49am Feb 21, 2018 10:49am
Like the line chart!
  • #73,536
  • Feb 21, 2018 12:25pm Feb 21, 2018 12:25pm
When you truly look at how silly the markets are, it's a wonder anyone trades it at all... We have the big FOMC reveal in about a half an hour! The whole market is waiting for some clown to make "inferences" or "hints" that each trader is left to interpret for themselves as good or bad. Meanwhile the whole market is on hold and every trader and his brother is looking to trade this "exciting" news. What people don't realize is this is exactly what they want you to do. Volume will probably double or triple which brings much needed liquidity into the markets so the big boys can solidify, dump and/or reload for their intended direction. If traders weren't lured or addicted to trading this news, it would simply be a "non event" and the big boys would be left to accumulate positions as they normally do. All this does is provide an opportunity for them to do a lot more " business" in a short period of time!!
  • #73,537
  • Feb 21, 2018 12:44pm Feb 21, 2018 12:44pm
Quoting nealpek
When you truly look at how silly the markets are, it's a wonder anyone trades it at all... We have the big FOMC reveal in about a half an hour! The whole market is waiting for some clown to make "inferences" or "hints" that each trader is left to interpret for themselves as good or bad. Meanwhile the whole market is on hold and every trader and his brother is looking to trade this "exciting" news. What people don't realize is this is exactly what they want you to do. Volume will probably double or triple which brings much needed liquidity into the...
greed and fear, testosterone
Don't Worry Be Happy
  • #73,538
  • Feb 21, 2018 1:07pm Feb 21, 2018 1:07pm
looks like a big dump, but will 107.3 hold?
Don't Worry Be Happy
  • #73,539
  • Feb 21, 2018 1:13pm Feb 21, 2018 1:13pm
Quoting MrPresident
looks like a big dump, but will 107.3 hold?
looks like my long is still alive for now hehe
Don't Worry Be Happy
  • #73,540
  • Feb 21, 2018 1:24pm Feb 21, 2018 1:24pm
We'll see if all that really happy and wonderful good news this morning was just bait for a turn......
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