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USD/JPY Discussion

  • #73,941
  • Mar 1, 2018 6:16pm Mar 1, 2018 6:16pm
Brave warriors!
  • #73,942
  • Mar 1, 2018 6:35pm Mar 1, 2018 6:35pm
Quoting funzodundee
Nikkei may recover slightly, overnight. I am long USD/JPY @ 106.22 with a target of 106.96
yeah, me too. TP at 107.41 from here.
newzTrader
  • #73,943
  • Mar 1, 2018 6:37pm Mar 1, 2018 6:37pm
Nikkei is down over 600 right now!!
  • #73,944
  • Mar 1, 2018 6:43pm Mar 1, 2018 6:43pm
USD/JPY is still bearish. It's at 105.98 now.

Looks like the pair is about to retest the Feb's low 105.54.
  • #73,945
  • Mar 1, 2018 6:49pm Mar 1, 2018 6:49pm
Quoting nealpek
Nikkei is down over 600 right now!!
i'm using the USD Index and for me is 1 point of support - Chart H4
Together we can be strongest
Vantage Return This Month: na
  • #73,946
  • Mar 1, 2018 6:49pm Mar 1, 2018 6:49pm
Quoting palpite
Well, i open buy again.
good luck , i'm actually hoping people keep buying as it will fuel it to go down even further. I will kick back with my scotch and BE short position . Enjoy
  • #73,947
  • Mar 1, 2018 6:58pm Mar 1, 2018 6:58pm
Quoting Pip-Miner
{quote} good luck , i'm actually hoping people keep buying as it will fuel it to go down even further. I will kick back with my scotch and BE short position . Enjoy
Good luck for you too in yours sells positions.
Together we can be strongest
Vantage Return This Month: na
  • #73,948
  • Mar 1, 2018 7:02pm Mar 1, 2018 7:02pm
Quoting 4xjunkie
my buy limit at 106.03 was filled.
my buy at 105.99 was just filled.
Your friendly neighbourhood Sith
  • #73,949
  • Edited 7:30pm Mar 1, 2018 7:04pm | Edited 7:30pm
Quoting darthPip
{quote} my buy at 105.99 was just filled.
on the same team again, cool.

106 may have just rejected pa good for the bulls.
  • #73,950
  • Mar 1, 2018 7:45pm Mar 1, 2018 7:45pm
was looking over the big chart and i thought i would share, the M formation is one typical for this pair and the end of a down trend,
Attached Image (click to enlarge)
Click to Enlarge Name: big chart.PNG Size: 74 KB
  • #73,951
  • Mar 1, 2018 7:53pm Mar 1, 2018 7:53pm
Quoting 4xjunkie
was looking over the big chart and i thought i would share, the M formation is one typical for this pair and the end of a down trend, {image}
I want that gs1200 r this year
Your friendly neighbourhood Sith
  • #73,952
  • Mar 1, 2018 7:56pm Mar 1, 2018 7:56pm
Quoting darthPip
{quote} I want that gs1200 r this year
lets see if we can pip farm this ones, I think we can. let them grow up nice and tall. i have a couple going on my othrer platform, sold gold at 1365.52, target 1275.00 sold eu 1.2526, target 1.1910
  • #73,953
  • Mar 1, 2018 8:19pm Mar 1, 2018 8:19pm
Quoting Pip-Miner
{quote} good luck , i'm actually hoping people keep buying as it will fuel it to go down even further. I will kick back with my scotch and BE short position . Enjoy
Can you please explain this? Heard this a few times and dont get it.

If I enter a buy position I am buying uSD with JPY. Im creating demand for USD and creating supply for JPY. So wouldnt entering a long position be the quivalent of making the USD stronger against the JPY thus making it go up? Why would going long make the pair go down?
  • #73,954
  • Mar 1, 2018 9:05pm Mar 1, 2018 9:05pm
Quoting jagdpanther
{quote} Can you please explain this? Heard this a few times and dont get it. If I enter a buy position I am buying uSD with JPY. Im creating demand for USD and creating supply for JPY. So wouldnt entering a long position be the quivalent of making the USD stronger against the JPY thus making it go up? Why would going long make the pair go down?
since SL for BUY are SELL orders, market will try to fill those with BUY orders, so moves further down. It will keep moving down till it gets enough BUY orders so that it can move up.
newzTrader
  • #73,955
  • Mar 1, 2018 9:10pm Mar 1, 2018 9:10pm
Quoting jagdpanther
{quote} Can you please explain this? Heard this a few times and dont get it. If I enter a buy position I am buying uSD with JPY. Im creating demand for USD and creating supply for JPY. So wouldnt entering a long position be the quivalent of making the USD stronger against the JPY thus making it go up? Why would going long make the pair go down?
When buy stop losses get taken out causes price go down.
  • #73,956
  • Mar 1, 2018 9:34pm Mar 1, 2018 9:34pm
Quoting jagdpanther
{quote} Can you please explain this? Heard this a few times and dont get it. If I enter a buy position I am buying uSD with JPY. Im creating demand for USD and creating supply for JPY. So wouldnt entering a long position be the quivalent of making the USD stronger against the JPY thus making it go up? Why would going long make the pair go down?
This would be correct if you were a millionaire - billionaire. you must remember 1 thing the market uses trillions of dollars a day. So your $10 a pip is like a mosquito that's passing by when entering in or . The market is controlled by these guys the just checkout your swiz CHF pair. You'll find a long candle that moved south, question is why?= Investors. Its a good thing to have that concept in mind means you are well aware 1 of the reasons the market moves.


  • #73,957
  • Mar 1, 2018 10:01pm Mar 1, 2018 10:01pm
Quoting Pip-Miner
{quote} good luck , i'm actually hoping people keep buying as it will fuel it to go down even further. I will kick back with my scotch and BE short position . Enjoy
Why not another scotch it's Friday and 106 just got dismantled.
  • #73,958
  • Mar 1, 2018 10:02pm Mar 1, 2018 10:02pm
Quoting Pipclimax
{quote}You'll find a long candle that moved south, question is why?= Investors. Its a good thing to have that concept in mind means you are well aware 1 of the reasons the market moves.
Wouldn't it be because most multinational corporations that engage the foreign exchange market are actually converting massive amounts of real currency? The off-exchange spot market is just a derivative of the interbank market, as I understand it. Please correct me, if I'm wrong.
  • #73,959
  • Mar 1, 2018 10:08pm Mar 1, 2018 10:08pm
Quoting Pip-Miner
{quote} Why not another scotch it's Friday and 106 just got dismantled.
looking at a long 104.695 3 months low already, let's see what non-farm will give us.
  • #73,960
  • Mar 1, 2018 10:08pm Mar 1, 2018 10:08pm
Its just a stop run trying to shake off the 106 longs. Imo
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