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USD/JPY Discussion

  • #87,801
  • Mar 19, 2024 7:36am Mar 19, 2024 7:36am
Quoting sclpzmalay
{quote} Yes... Still hold n looking for 2nd entry to set break even but damnnnn tomorrow JPYbank holiday
tomorrow is fomc too danger if you in floating loss
  • #87,802
  • Mar 19, 2024 7:46am Mar 19, 2024 7:46am
Quoting sclpzmalay
{quote} Yes... Still hold n looking for 2nd entry to set break even but damnnnn tomorrow JPYbank holiday
do
u need to pay swap for shorting? but since interest rate is abit diff now, maybe not that painful.
  • #87,803
  • Mar 19, 2024 7:55am Mar 19, 2024 7:55am
Quoting Godspromise
{quote} tomorrow is fomc too danger if you in floating loss
Funny how, If they are making ALL this CASH trading, then why waste the time teaching (charging money they shouldn't need) when they could be out enjoying all that EASY moo-la. I'm over the top excited that I accidentally found you and the valuable insight your giving.. Thank you, thank you!!
  • #87,804
  • Mar 19, 2024 8:30am Mar 19, 2024 8:30am
its a shitty day for manual traders
MQA Approved FX Trainer -
  • #87,805
  • Mar 19, 2024 8:41am Mar 19, 2024 8:41am
Quoting sumadartson
{quote} Funny how, If they are making ALL this CASH trading, then why waste the time teaching (charging money they shouldn't need) when they could be out enjoying all that EASY moo-la. I'm over the top excited that I accidentally found you and the valuable insight your giving.. Thank you, thank you!!
Well I personally have a community and I have been funded for 3 years. I help because i want a community of traders who I can help and also just hangout and trade with. You know some people do like helping and don't wanna just spend all there time with the money they earn. Sure there are scammers and people who don't know actually how to trade that have groups, but if you fall for that as a trader that is your own faulty for not asking for proof of statements, payouts or funding. I think your view is quite pessimistic my friend.
  • #87,806
  • Mar 19, 2024 11:58am Mar 19, 2024 11:58am
Market rotation played a part in this move.

I still think its a good setup for a short position tomorrow.

Options have UJ capped out at 151.50.
Attached Image (click to enlarge)
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"A true speculator tries the market small." - Jesse Livermore
  • #87,807
  • Mar 19, 2024 4:38pm Mar 19, 2024 4:38pm
Quoting FXWish
its a shitty day for manual traders
not really. I got out of my bad tradesthat I almost gone sl today. Up down up down is the best time to make money!
  • #87,808
  • Mar 19, 2024 4:42pm Mar 19, 2024 4:42pm
Market has shkmown resistance at ard 150.8 and has broke finally. Dun think is time to short yet but I won't go long as well. Might step aside for the moment since today jpy holiday US market is currently closed for the day
  • #87,809
  • Mar 19, 2024 4:49pm Mar 19, 2024 4:49pm
81% of traders are net short. So this is going to keep going up till majority of the shorts get taken out. Also its bank holiday in JPY so no interreference.
  • #87,810
  • Mar 19, 2024 5:47pm Mar 19, 2024 5:47pm
Quoting Jgcole83
Market rotation played a part in this move. I still think its a good setup for a short position tomorrow. Options have UJ capped out at 151.50. {image}
be careful the market is taking what it gets fundamentals matter more than technical currently alot fo liquidity in the market take what it gives you
  • #87,811
  • Mar 19, 2024 5:52pm Mar 19, 2024 5:52pm
could there be any verbal warning for intervantion because it enters zone 151 above?
  • #87,812
  • Mar 19, 2024 7:46pm Mar 19, 2024 7:46pm
Quoting nbanitama
could there be any verbal warning for intervention because it enters zone 151 above?
My guess 196 / 1.27 = ~ 155.00. GJ=UJ=GU. That is when BOJ will step in. I got 8 UJ buys open collecting sweet swaps. Moved up SL to 150.50.
  • #87,813
  • Mar 19, 2024 7:48pm Mar 19, 2024 7:48pm
Quoting BlackLotus
{quote} My guess 196 / 1.27 = ~ 155.00. GJ=UJ=GU. That is when BOJ will step in. I got 8 UJ buys open collecting sweet swaps. Moved up SL to 150.50.
Carry trade - that's where the smart money is at... GL
  • #87,814
  • Mar 19, 2024 7:50pm Mar 19, 2024 7:50pm
Quoting BlackLotus
{quote} My guess 196 / 1.27 = ~ 155.00. GJ=UJ=GU. That is when BOJ will step in. I got 8 UJ buys open collecting sweet swaps. Moved up SL to 150.50.
best to avoid those pairs whiplash market movements gonna hits alot of stoplosses before real movments occurs
  • #87,815
  • Mar 19, 2024 8:03pm Mar 19, 2024 8:03pm
Quoting Godspromise
{quote} best to avoid those pairs whiplash market movements gonna hits alot of stoplosses before real movments occurs
Understood. This pair has been most traded by my broker "GAIN' in the last 16 months. The main reason - carry trade.

I can be wrong for weeks, yet I still make money. Keep your trades protected and you'll do just fine.
  • #87,816
  • Mar 19, 2024 8:05pm Mar 19, 2024 8:05pm
I thought I saw an article here on FF yesterday saying where are the bulls... Well here we are...
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  • #87,817
  • Mar 19, 2024 9:42pm Mar 19, 2024 9:42pm
This looks very strange. Could BOJ be self buying dollars.
  • #87,818
  • Mar 19, 2024 10:19pm Mar 19, 2024 10:19pm
Quoting Eren10
This looks very strange. Could BOJ be self buying dollars.
from the little I know in fondamental analysis is when interest rate is increased the value of the currency increase. What we see here is the opposite. Can anybody explain what is going on on USDJPY?
  • #87,819
  • Mar 19, 2024 10:53pm Mar 19, 2024 10:53pm
Quoting Zaatar
{quote} from the little I know in fondamental analysis is when interest rate is increased the value of the currency increase. What we see here is the opposite. Can anybody explain what is going on on USDJPY?
some big time players is haunting all the SL’s before dropping down hard, at least 152 will be visited, im estimating PA would extend maximum to 152.60 to 153
  • #87,820
  • Mar 19, 2024 10:55pm Mar 19, 2024 10:55pm
Quoting Zaatar
{quote} from the little I know in fondamental analysis is when interest rate is increased the value of the currency increase. What we see here is the opposite. Can anybody explain what is going on on USDJPY?

Usually USDJPY reacted that way too. I am just speculating, don’t know either why this time it behaved differently.

Let’s see what happens around 151.90. It can also be that market foresee much higher prices. This is because the difference of interest rates, the interest rate of Japan is still very low, around zero.
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