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USD/JPY Discussion

  • #74,261
  • Mar 7, 2018 2:46pm Mar 7, 2018 2:46pm
Quoting 4xjunkie
Price is at 106.10 now might be a good spot for a short
So, i opened 1 short too. Now i drink scotch
Together we can be strongest
Vantage Return This Month: na
  • #74,262
  • Mar 7, 2018 3:04pm Mar 7, 2018 3:04pm
Stock futures filled their overnight gaps, so its possible they will start dropping again and with it UJ.
  • #74,263
  • Mar 7, 2018 3:46pm Mar 7, 2018 3:46pm
Quoting 4xjunkie
I've been through this before, just trying to help folks out. Big impulsive. Moves with little to no pullbacks , makes it tuff, if it double bottoms 105.24 area then things should go back to a more normal p.a.
UJ is going to up or i'm wrong?
Together we can be strongest
Vantage Return This Month: na
  • #74,264
  • Mar 7, 2018 3:46pm Mar 7, 2018 3:46pm
I'm lazy to post specifics but just look at how Walmart, Target and other corporations/companies are raising wages. These wages amount to considerably more than a $1000/yr bonus. The trend has been from the federal minimum wage to as high as $15.00/hour for mostly relatively unskilled labor. These and other companies attribute their ability to increase wages directly to the Trump tax cuts. Not to governmentally imposed wages that subvert the laws of supply and demand. So you Trump haters keep on hating. Hate is an emotion often steeped misunderstanding or refusal to accept truth.
  • #74,265
  • Mar 7, 2018 3:52pm Mar 7, 2018 3:52pm
I think UJ will touch the resistance H4
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Together we can be strongest
Vantage Return This Month: na
  • #74,266
  • Mar 7, 2018 4:01pm Mar 7, 2018 4:01pm
Quoting SunTrader
{quote} It was more than an attempt by Pres Obama but both right and left continue to push us down the path to a Socialist State. And The Fed is the biggest joker going enabling it all, with 25 basis point rate increases 2,3 4 times a year being trivial. So total full time job growth is meaningless but somehow a small fraction of the massive tax cut getting down to the deplorables is. Gotcha.
I don't know what you mean by "Gotcha". Just attempting to engage in meaningful dialogue based in facts and reality...not hate for Trump. Job growth is important in the context of overall need for jobs. Right now there is tremendous need for skilled jobs but a lack of qualified individuals to fill those positions. The state of education promoted by the Obama admin has favored the acquisition of meaningless degrees that few employers are interested in. The mandate of the Federal Reserve is to limit inflation. When inflation rears it's ugly head the Fed seeks to suppress it by increasing the rate. Currently this is because their has been an increase in salaries or wages. Business only increases wages when it is favorable to do so. When wages increase it is only natural that the price of goods will rise in an attempt to increase profits. Its just economics. Nothing sinister or evil.
  • #74,267
  • Mar 7, 2018 4:12pm Mar 7, 2018 4:12pm
Quoting palpite
{quote} UJ is going to up or i'm wrong?
Retest the low I believe
  • #74,268
  • Mar 7, 2018 5:51pm Mar 7, 2018 5:51pm
Quoting Winston Reed
{quote} I don't know what you mean by "Gotcha". Just attempting to engage in meaningful dialogue based in facts and reality...not hate for Trump. Job growth is important in the context of overall need for jobs. Right now there is tremendous need for skilled jobs but a lack of qualified individuals to fill those positions. The state of education promoted by the Obama admin has favored the acquisition of meaningless degrees that few employers are interested in. The mandate of the Federal Reserve is to limit inflation. When inflation rears it's ugly...
Talk about hate: Pres Obama

No one said right after Trumpie was elected we need to make him a one term President. Right after! Or shouted in House Chambers during SOTU address, "you lied"!! Now that's hate.

And Trumpie himself for years questioning where Obama was born. That "made" him.

Anyway everyone knows what this tariff crap is really all about. The Pennsylvania 18th congressional district's special election (SW part of the state Steel Country) to replace the religious conservative Rep Tim Murphy who had an affair and oh boy asked his mistress to lol have an abortion. Can't MTSU sometimes.

Wouldn't surprise me in the least if Trumpie says nevermind at some point although election is not till next Tuesday so who knows.

Anyway I have no hate for Trumpie or any one else for that matter. He provides the laughs. How can I hate him?
  • #74,269
  • Mar 7, 2018 5:54pm Mar 7, 2018 5:54pm
Maybe going up to 106.8
Don't Worry Be Happy
  • #74,270
  • Mar 7, 2018 6:26pm Mar 7, 2018 6:26pm
Like some others here, I also went short USD/JPY with the clear rejection of the 106 level on the 1HR and later 4HR charts hoping the market would follow through after such clear price action. Somewhat tight stop loss triggered at 106.20 and I have to say I'm surprised. The daily chart now tells me bullish but 8 hours ago I couldn't have asked for a clearer signal to short.

Can anyone here pick apart my reasoning and point out why shouldn't have taken the bait? Hindsight is 20/20, always.

Here is the chart:
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  • #74,271
  • Mar 7, 2018 6:27pm Mar 7, 2018 6:27pm
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  • #74,272
  • Mar 7, 2018 6:41pm Mar 7, 2018 6:41pm
Looks like it’s bored since it failed to get below 105.5 yesterday

maybe it will be more bullish towards NFP
Don't Worry Be Happy
  • #74,273
  • Mar 7, 2018 6:46pm Mar 7, 2018 6:46pm
Quoting krecci
Like some others here, I also went short USD/JPY with the clear rejection of the 106 level on the 1HR and later 4HR charts hoping the market would follow through after such clear price action. Somewhat tight stop loss triggered at 106.20 and I have to say I'm surprised. The daily chart now tells me bullish but 8 hours ago I couldn't have asked for a clearer signal to short. Can anyone here pick apart my reasoning and point out why shouldn't have taken the bait? Hindsight is 20/20, always. Here is the chart: {image}
Stop loss below swing high if I am reading that correctly?

UJ followed equities filling panic gap from Cohn's resignation. Looks like momentum might be fizzles out now IMO. If so with better stop placement trade could of worked. Maybe.
  • #74,274
  • Mar 7, 2018 7:58pm Mar 7, 2018 7:58pm
Quoting SunTrader
{quote} Talk about hate: Pres Obama No one said right after Trumpie was elected we need to make him a one term President. Right after! Or shouted in House Chambers during SOTU address, "you lied"!! Now that's hate. And Trumpie himself for years questioning where Obama was born. That "made" him. Anyway everyone knows what this tariff crap is really all about. The Pennsylvania 18th congressional district's special election (SW part of the state Steel Country) to replace the religious conservative Rep Tim Murphy who had an affair and oh boy asked his...
Of course you don't hate Trump. What would lead anyone to think that?
  • #74,275
  • Mar 7, 2018 7:59pm Mar 7, 2018 7:59pm
long @ 106

You came here for the truth and let me unveil it for you
  • #74,276
  • Mar 7, 2018 8:12pm Mar 7, 2018 8:12pm
Quoting krecci
Like some others here, I also went short USD/JPY with the clear rejection of the 106 level on the 1HR and later 4HR charts hoping the market would follow through after such clear price action. Somewhat tight stop loss triggered at 106.20 and I have to say I'm surprised. The daily chart now tells me bullish but 8 hours ago I couldn't have asked for a clearer signal to short. Can anyone here pick apart my reasoning and point out why shouldn't have taken the bait? Hindsight is 20/20, always. Here is the chart: {image}
Sometimes trades just don't work. I would have taken it also but for different reasons. The bulls also tipped their hand before your stop was hit, did you go with price or did trauma cause you to miss the trade?
If you are good at something, never do it for free--Joker
  • #74,277
  • Mar 7, 2018 8:13pm Mar 7, 2018 8:13pm
Quoting SunTrader
{quote} Talk about hate: Pres Obama No one said right after Trumpie was elected we need to make him a one term President. Right after! Or shouted in House Chambers during SOTU address, "you lied"!! Now that's hate. And Trumpie himself for years questioning where Obama was born. That "made" him. Anyway everyone knows what this tariff crap is really all about. The Pennsylvania 18th congressional district's special election (SW part of the state Steel Country) to replace the religious conservative Rep Tim Murphy who had an affair and oh boy asked his...
Nope they just wanted to impeach Trump immediately and are still aggressively pursuing this ridiculous notion. Have you listened to Maxine Waters. No hate there. Obama did lie. "If you like your doctor, keep your doctor." etc. etc. To say Trump questioning Obamas birth place "made" him" is quite an oversimplification of what really "made" him". Ask anyone who voted for Trump and the last thing they'll remember is Trump questioning Obama's birth place. The steel tariff amongst other things is a message to China.

Your sarcasm laced rhetoric really says it all.
  • #74,278
  • Mar 7, 2018 9:58pm Mar 7, 2018 9:58pm
this may just do it.
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  • #74,279
  • Mar 7, 2018 11:40pm Mar 7, 2018 11:40pm
Below today's open
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #74,280
  • Mar 8, 2018 2:21am Mar 8, 2018 2:21am
No need to guess the direction while this winds up tight above the important (to me, anyway) 105.50 level.

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