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USD/JPY Discussion

  • #74,181
  • Mar 6, 2018 10:42pm Mar 6, 2018 10:42pm
Quoting SunTrader
{quote} Bankruptcy King Trumpie is on ... the golf course. And it is clear that back in the day his Rich Daddy bought him his Wharton School of Business degree as well as 5 Vietnam War deferments. Sorry but he doesn't have a clue. And being from Canada you especially better hope he fails. I'm from America and I do LMAO.
You must learn a lot how economy works. Canada will be bankrupted 100 years earlier than USA. God bless USA and Trump.
BTW. USD/JPY will go all the way down right under 80 which will boost US exports.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
  • #74,182
  • Mar 6, 2018 10:45pm Mar 6, 2018 10:45pm
105.5 seems to be defended well....
  • #74,183
  • Mar 6, 2018 10:49pm Mar 6, 2018 10:49pm
Amidst calls for uj 100 and below, is it possible that, as per a prediction from ex BOJ's "Mr Yen" for 105, that UJ is bottoming in a massive triangle ... Centre around 109/110?
  • #74,184
  • Mar 6, 2018 11:12pm Mar 6, 2018 11:12pm
Stay on line and EMA still indicate the strong pressure on BEAR MARKET
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  • #74,185
  • Mar 7, 2018 2:51am Mar 7, 2018 2:51am
The Bank of Japan likes tripping itself up every so often. During a hearing in front of parliament Central Bank Governor Haruhiko Kuroda pointed out that his comments last week had by no means meant to suggest that the BoJ would exit its expansionary monetary policy immediately in the fiscal year 2019 (i.e. in April 2019), when it expects its 2% inflation target to be reached, but that the BoJ would merely discuss how to move forward with an exit. This back-paddling reminds us of the situation in the autumn when Kuroda talked about the “Rate Reversal theory“ (which in short says that an expansionary monetary policy can become restrictive at some stage as soon as bank lending falls due to low interest rate spreads) that initially provided support for the yen and then also required a lot of explaining to the market.

Dear Mr Kuroda why always make your life so difficult, rather than telling everyone clearly what you mean. That makes life easier for yourself and the markets so that your message gets through to the market more easily and does not result in undesirable reactions in the yen.
  • #74,186
  • Mar 7, 2018 3:23am Mar 7, 2018 3:23am
Quoting SunTrader
{quote} What is your major, I hope not finance?
My major? I've been out of college working, investing, building, and growing for nearly 20 years. When I was in college, in the 1990's, I remember we were told how great NAFTA was going to be. How great free trade was going to be. And now we are, 20 years down the road from it, and it has made the rich insanely richer and the middle class is all but gone. I was shocked when discussing a 1980's theme on another forum and what few % of Americans even alive today realize how great the 1980's USA was, because so few were alive or old enough to appreciate it. The days before the free trade disaster.

We are $21 trillion in debt, part of that was bailing out these Wall Street guys that destroyed our economy. The result, they go back to doing the same thing. We can't just continue to borrow nearly a trillion dollars a year to pay for the people to not work. Something will give.

The Wall Street guys got their chance with free trade and the results were beyond dismal. The debate is over. I'm not going to say the tariffs are the answer, but we can all see the results of the Gary Cohn's of the world destroying our middle class to fill their pockets and their friend's pockets on Wall Street. Time has run out on it, it will not be long until the debt bubble pops, so we do something different or we collapse.

And there certainly will be pain, the $21 trillion of debt (this amount is astronomical) says we have lived WAY beyond our means and we need to get back into our limits.
  • #74,187
  • Mar 7, 2018 3:33am Mar 7, 2018 3:33am
Quoting nealpek
UNLV, 1 minute charts are a horror story to trade, and very difficult, as the false signals are multiplied. I would look at the higher frames for structure and boundaries, then widdle down to the ultra low time frames if you must for entry. Hope that helps! Check your pm's
I wanted to respond to this publicly so anyone new doesn't drop down to 1M charts and look to trade. The spread alone will eat you up.

When I drop to a 1M chart, it is only after I have spotted a trade setting up based on something on a higher time frame. I default my charts to either 30M or 15M, depending on just how I feel at that time. I would prefer to enter off 5M. But there are times where you can see a good location to enter a trade based on a 30M or 15M chart, and drop to 5M and all you see is chop and you know that likely price will just head in one direction without you on 5M. This is the only time I will then drop to 1M to get an entry. This is pretty rare for me and I would not recommend it to new traders.
  • #74,188
  • Mar 7, 2018 3:59am Mar 7, 2018 3:59am
I occasionally use the 1 minute chart to enter a longer trend. The time to use it is when there is a volatility break out, usually during London and/or New York. It's a cheap way into a trend. Expect lots of losers, but those that run - you got a bargain already...
Gone to a better place
  • #74,189
  • Mar 7, 2018 4:39am Mar 7, 2018 4:39am
USD/JPY continues to fall and nears the critical 105.00 level, which if broken would open doors for testing the support at 104.13.
  • #74,190
  • Mar 7, 2018 4:44am Mar 7, 2018 4:44am
Nealpek, look where the sellers kicked back in, just like how you like it...
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  • #74,191
  • Mar 7, 2018 6:30am Mar 7, 2018 6:30am
It would be nice to see a break of the red line area and a false break form off of this H1 S/D flip zone (gray area).
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  • #74,192
  • Mar 7, 2018 6:44am Mar 7, 2018 6:44am
Quoting unlv_tj
{quote} My major? I've been out of college working,
...
So in answer to my question it is no you were not a finance major .........obviously.
  • #74,193
  • Mar 7, 2018 6:45am Mar 7, 2018 6:45am
Quoting SunTrader
{quote} So in answer to my question it is no you were not a finance major .........obviously.
No, I was a MIS major. But you college kids will learn that what you learn in college is often meaningless in the real world. And if you are in the real world, you have to be very disconnected to think that the open borders and free trade has helped anyone but the elites.
  • #74,194
  • Mar 7, 2018 6:47am Mar 7, 2018 6:47am
Quoting Montrealer
{quote} You must learn a lot how economy works. Canada will be bankrupted 100 years earlier than USA. God bless USA and Trump. BTW. USD/JPY will go all the way down right under 80 which will boost US exports.
First of all. I grew in Queens, NY - same place as Trumpie, not too many years after he was born roughly 15 years later.

And all I need to know is that he has been fooling the clueless aaaaaaaaaaa long time.
  • #74,195
  • Mar 7, 2018 6:52am Mar 7, 2018 6:52am
Quoting unlv_tj
{quote} No, I was a MIS major. But you college kids will learn that what you learn in college is often meaningless in the real world. And if you are in the real world, you have to be very disconnected to think that the open borders and free trade has helped anyone but the elites.
Actually I'm a dropout. Left after a year to get quick as I could back into the real world.

The real world of earning a real dollar. Not the dollars University Professors and Politicians are paid.

Politicians being the ones who are responsible (not Wall Street lol) for the 21 trillion dollars of debt this country has.

And ..... Trumpie just like all the rest is just another Politician now. A disgraceful idiot one too.
  • #74,196
  • Mar 7, 2018 6:53am Mar 7, 2018 6:53am
College "kid" that's a good one.

I am a kid of the '50's.
  • #74,197
  • Mar 7, 2018 6:54am Mar 7, 2018 6:54am
Quoting SunTrader
{quote} Actually I'm a dropout. Left after a year to get quick as I could back into the real world. The real world of earning a real dollar. Not the dollars University Professors and Politicians are paid. Politicians being the ones who are responsible (not Wall Street lol) for the 21 trillion dollars of debt this country has. And ..... Trumpie just like all the rest is just another Politician now. A disgraceful idiot one too.
Then you should know that Wall Street owns these puppet politicians by funding their campaigns and then the puppet politicians give them what they want, which is open borders and free trade, which in turn has destroyed the middle class.

And now we have the first politician of major importance in our life time saying "no" to these people and you don't support it. You probably should figure out what you actually do stand for in your life.
  • #74,198
  • Mar 7, 2018 6:57am Mar 7, 2018 6:57am
Hi, guys! Today's centiment is negative so I entered short UJ - I see one short-term bearish wedge and longer term (3 days) bearish flag...think price is going to break downwards from both!
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  • #74,199
  • Mar 7, 2018 6:59am Mar 7, 2018 6:59am
potential target to the bearish flag - 104.00
  • #74,200
  • Mar 7, 2018 7:14am Mar 7, 2018 7:14am
Quoting unlv_tj
{quote} Then you should know that Wall Street owns these puppet politicians by funding their campaigns and then the puppet politicians give them what they want, which is open borders and free trade, which in turn has destroyed the middle class. And now we have the first politician of major importance in our life time saying "no" to these people and you don't support it. You probably should figure out what you actually do stand for in your life.
It should be clear by now I stand against Trumpie - who cares ONLY for himself.

But back to trading - which is far more productive that political nonsense.
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