Attachments: USD/JPY Discussion

USD/JPY Discussion

#76,081
Apr 27, 2018 8:24am Apr 27, 2018 8:24am

jagdpanther
| Joined Mar 2014 | Status: Trader | 89 Posts

wasn't enough apparently. Still managed to get a case of beer out of it.

#76,082
Apr 27, 2018 8:36am Apr 27, 2018 8:36am

jagdpanther
| Joined Mar 2014 | Status: Trader | 89 Posts

wow this thing just wiped off 0.4 in 1 hr in the opposite direction to the news...

#76,083
Apr 27, 2018 9:09am Apr 27, 2018 9:09am

unlv_tj
Joined Oct 2007 | Status: Trader | 1,381 Posts

Another crappy Friday.

#76,084
Apr 27, 2018 9:38am Apr 27, 2018 9:38am

MrPresident
Joined Apr 2017 | Status: trying to make money | 3,341 Posts

bulls are running away

Don't Worry Be Happy

#76,085
Apr 27, 2018 9:41am Apr 27, 2018 9:41am

nealpek
Joined Feb 2011 | Status: Trader | 1,405 Posts

Bulls and bears aren't running anywhere! The trading bank is dropping it's order into the market after it accumulated and padded it's own account before the drop!
Or sold off all the previous run up utilizing the good news to dump into at the 109.40 area, and usually reverse accumulate to profit the other way.
Just some speculation....
That's forex!!!

#76,086
Apr 27, 2018 9:56am Apr 27, 2018 9:56am

4xjunkie
Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts

I think its just a pull back to 108.68 then up to 111.00 chart is on my last post.

#76,087
Apr 27, 2018 10:02am Apr 27, 2018 10:02am

nealpek
Joined Feb 2011 | Status: Trader | 1,405 Posts

Could be, who knows!!! But the notion of bulls and bears in forex is not compatible with traders like us, and has a different set of dynamics than the stock market. Significant moves either way in forex are a result of banks priming the market to drop huge pending orders into it. Whether it be a huge exporting company cashing back to their own currency or huge speculators borrowing a currency to speculate in other markets. Many reasons for different movements. That's why currency movement could be up or down and not necessarily mirror the dow or s and p. Many times the movement isn't because of the stock market.

#76,088
Apr 27, 2018 10:35am Apr 27, 2018 10:35am

Lot77
| Joined Dec 2017 | Status: Trader | 250 Posts

USD/JPY retreated from its highest since February level and currently is gravitating around 109.00. I expect further declines towards the support at 108.65.

#76,089
Apr 27, 2018 11:17am Apr 27, 2018 11:17am

catroot
| Joined Nov 2015 | Status: Trader | 303 Posts

That drop because of friday. Many traders takes profit and triggers drop from the fresh LH. Easy. It will get recovery next week and deliver new fresh LH.
I suppose so.

Forcemeat can not be unrolled back...

#76,090
Apr 27, 2018 11:33am Apr 27, 2018 11:33am

palpite
Joined Sep 2015 | Status: Under Pressure | 4,596 Posts

Quoting nealpek

Disliked

Could be, who knows!!! But the notion of bulls and bears in forex is not compatible with traders like us, and has a different set of dynamics than the stock market. Significant moves either way in forex are a result of banks priming the market to drop huge pending orders into it. Whether it be a huge exporting company cashing back to their own currency or huge speculators borrowing a currency to speculate in other markets. Many reasons for different movements. That's why currency movement could be up or down and not necessarily mirror the dow or...

Ignored

In my opinion, the big players closed the trades in 105 and now they are starting to sell again.