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USD/JPY Discussion

  • #6,421
  • May 13, 2008 8:36am May 13, 2008 8:36am
Spike in USD/JPY caused by what news event?
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  • #6,422
  • May 13, 2008 8:43am May 13, 2008 8:43am
Quoting rudenstein
Spike in USD/JPY caused by what news event?
probably due to Core Retail Sales has positive numbers..
I'm still holding my shorts..
Wait trend comes to u
  • #6,423
  • May 13, 2008 8:51am May 13, 2008 8:51am
The $ vs. the yen is up but not the dow???...so maybe it will come back down.
  • #6,424
  • May 13, 2008 8:52am May 13, 2008 8:52am
Quoting wheelsut
104.60 us markets open in 3 mins should see 105 and then the fall begins.....
Wheelsut, is 104.78 high enough and "and then the fall begins?"
  • #6,425
  • May 13, 2008 9:40am May 13, 2008 9:40am
dun too fast drop !! i need go eat now.. wanna find nice g-spot ..uhuhuh
Swinger Club
  • #6,426
  • May 13, 2008 9:42am May 13, 2008 9:42am
Some are anxiously awaiting the prophecy that usdjpy will drop to 102 by the end of the week.
Expected the unexpected
  • #6,427
  • May 13, 2008 9:59am May 13, 2008 9:59am
haiz... d price is not expensive enough to short... T.T
Swinger Club
  • #6,428
  • May 13, 2008 11:09am May 13, 2008 11:09am
Quoting MindsOn
probably due to Core Retail Sales has positive numbers..
I'm still holding my shorts..
The better than Consensus Ex Auto retail sales number sent it to it's HIGH of 104.797

That was a great place to short. Resistance is at 104.95

The Dow then going down let it retrace however EUR/JPY running from 160.122 to 162.02 KEPT USD/JPY higher than it might be. You need to wait for Dow to go down over 100 and see EUR/JPY rettrace towards 161.00

Is that clear for everyone ?

Good Trading...


Bruce
{Promotion Removed}
  • #6,429
  • May 13, 2008 11:18am May 13, 2008 11:18am
Clear as a bell! Thank you teacher. Please keep us updated.
  • #6,430
  • May 13, 2008 1:31pm May 13, 2008 1:31pm
Quoting Poocher
Clear as a bell! Thank you teacher. Please keep us updated.
Please make your own trading decisions however I do think that a short over 104.80 could be a good trade. Ideally as close to 104.95 as possible. Stop loss at 105.20 in case things have changed fundamentally or technically.

Just imagine where the USD/JPY would be now if the Retail Sales were worse than Consensus.

In other words NOTHING has changed. Things are BAD. You have now a BETTER entry point to short from. That is one of the KEYS to be a winning FX trader.

A Trade Plan...Patience...A Good Entry Point...A Good Exit Strategy...See the News due out on Wednesday. Read WWW.JSMINESET.COM after the close at 5:00 PM for the North American Markets.

Finally please bring me a APPLE for Class tomorrow.


Bruce
{Promotion Removed}
  • #6,431
  • May 13, 2008 1:41pm May 13, 2008 1:41pm
Of coarse we're all responsible for our own trades...but its great getting your fundamental opinion...worth more like a big watermelon!
  • #6,432
  • May 13, 2008 2:06pm May 13, 2008 2:06pm
Something happened right at 12 pm EDT today that caused USD to strengthen all across the board, not just against JPY - we're talking futures, euro, pound etc. For a while it did look like it would cool off after the sales report, but then it's as if some kind of switch was flipped.

Clearly, as good a job as it does, FF can't capture every event contributing to market volatility on the calendar. It is still taking place, as I'm typing this... and I still have no clue what's causing it.

On a related note, it appears as though the Dow will finish in the green today.
  • #6,433
  • May 13, 2008 2:11pm May 13, 2008 2:11pm
Quoting FX Foresight
We're with ya miltonnn, check out our analysis and let us know what you think:

www.fxforesight.com

Thanks!

P.S. We're holding for 100.55 and planning on it hitting this week.
ThanksI will follow. for now i am 130 pips red.
  • #6,434
  • May 13, 2008 2:12pm May 13, 2008 2:12pm
Quoting miltonnn
ThanksI will follow. for now i am 130 pips red.

Never follow a call on FF.
Patience + Humility + Study = Success
  • #6,435
  • May 13, 2008 2:23pm May 13, 2008 2:23pm
Quoting FX Foresight
We're with ya miltonnn, check out our analysis and let us know what you think:

www.fxforesight.com

Thanks!

P.S. We're holding for 100.55 and planning on it hitting this week.
This is not what FF is about. You people must read the rules before you start posting here.
Patience + Discipline - Greed = Success
  • #6,436
  • May 13, 2008 7:25pm May 13, 2008 7:25pm
Quoting scyang
Some are anxiously awaiting the prophecy that usdjpy will drop to 102 by the end of the week.
I would not hold my breath .....
  • #6,437
  • May 13, 2008 7:27pm May 13, 2008 7:27pm
personally..want uj falls
However, technically frm chart.. it is possible up to 105.10 ?
Wait trend comes to u
  • #6,438
  • May 13, 2008 7:40pm May 13, 2008 7:40pm
Quoting MindsOn
personally..want uj falls
However, technically frm chart.. it is possible up to 105.10 ?
Trend is up. possible 105.1 Obviously. 125? Yes.
  • #6,439
  • May 13, 2008 8:35pm May 13, 2008 8:35pm
Quoting Schminner
I would not hold my breath .....
I am only saying it because many supposedly experienced traders all say that usdjpy should fall, and fall hard. I am very inexperienced, so I wouldn't know. Just wondering why so many experienced eyes looking at the chart are definite about it going down, yet it's been going up, and possibly pushing recent highs.
Expected the unexpected
  • #6,440
  • May 13, 2008 9:21pm May 13, 2008 9:21pm
the retail sales makes it uptrend, now seems it is waiting Wednesday news to make it move in either way..

Im looking better exists point for my short, not praying the trade must win but try to make it loose less
Wait trend comes to u
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