USD/JPY Discussion

May see some resistance at 93.75.

Now, why couldn't that happen to me? Why couldn't my broker add 3 zeros to my account? Pretty Please!

@ninja K : i hope the same thing with you. )

can somebody explain what happen yesterday with japanese yen before stock plunge -1000.
because i never japenese yen moves like this before 600 poin

Risk aversion.

take a long position now, i dont know if this is still going up or not. but hopefully still

Checked my UJ short today--- and bam! It finally hit yesterday. Started this trade almost 2 months ago. My average short was @ 93.50. 1/2 postion closed @ 90.00. Moved the other 1/2 to BE w/ TP @ 87.00. This one took a long time...but it is a sweet payoff!!

Regards,

yeri, how did that work out for you? Do you carry trades over the weekend?
Any worries about carry trades over this *particular* weekend, with the big Drop and all?

x-x Ninge

i allways long for this pair, and i take a long position for this pair just because a very simplel reason : "the Japan gov it self is not comfortable with strong yen" so i choose to go long, i know this pair is choppy but i only take the profit from the up side trend.

i take a long position from last year when the USD/JPY is still 84.xx and it allready give me a lot of pips. and when the USD/JPY reach 94.xx, i allready close all my long and there is a chance that this pair is going to break 95.xx or even 96.xx(before the drop happen)but i think 94.xx is allready not a good level to long(so i step a side from this pair for a momment). but this drop a very very nice drop. i take a long position at 93.22 again(automatic order). and it hit when the drop happen. in a long term i believe this is gonna up to 94.xx level again so what i do is now use a very strict money management, and take a small lot for a long position, and when it drop to 92.xx i take another small lot. and when it drop again to 90.xx i take more small lot(small but bigger then the previous).

with this method i'm not worry if this pair is going down to 84.xx level again because i still have enough bullet to take another long and to take another profit. i'm not worry about the carry trade also, i believe there is a more than 30% chance that trader will use this pair as a carry trade pair, but i can still hold that risk and stand for my long term trade.

congrats mate. i believe you can sit and enjoy your profit now. while i'm still fighting this pair since i put a long position at this pair. . happy trading everyone.

Does anyone expect a drop tomorrow on the DY? My EA put a sell on it and I'm a little in the negative and worried.

didn't follow rules

yes i'm expecting this pair to go down so i can take another long. but i think there is a little chance for this pair to o down to 90.xx level again. max 91.xx. that is just my simple view. anyone have another perspective?

today this pair is straight up. never goes down. so i can not open another long. i just take a profit from my existing long position. is it going to 94 again?

here is a little news from US : "http://www.federalreserve.gov/newsevents/press/monetary/20100509a.htm"

see it and analyze.

http://www.bloomberg.com/apps/news?p...d=aG_wSOFivAmM

Takemi, very good news, and in a long term trade, the USD/JPY is really going north for sure, it just the matter of time. i'm not sure if this going to reach 100 level again or not. but i'm sure this will goes to reach 96.xx soon.

I agree with U usdjpy can go up but I'm thinking first can go to 92.55 or this aera

Thanks for this....it's pretty much inline with what I'm thinking....

But in the shorter term...something might be cookin'......

Monthly Chart: