USD/JPY Discussion | Page 1051 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #21,001
  • Oct 31, 2010 10:23pm Oct 31, 2010 10:23pm
Quoting goods
This is not a stophunt, Who would have the power to stop hunt accross the entire fx market?
its maybe a stop hunt, considering its still sunday in some part of the world and monday on the other, low liquidity allows them to drive prices with "low" money too... also stop hunts acts like a domino effect, they chain until they meet equilibrium.....or maybe its just, like the rumor said, an electronic pricing fault, which i think is liable before the law....
Quoting watchtower4x
Who can do a 120 pip stop hunt?

Goldman, Morgan, Barclays, UBS, Scotia, Mizuho, etc. etc.....
yeah, they can... poor we retail trader, unless you are privileged to these kind of information, there is no instant way to the top,
  • #21,002
  • Nov 1, 2010 1:01am Nov 1, 2010 1:01am
Quoting USD-Bear
Good evening all,

don't like to think the obvious will happen, so long @ 80.30 SL @ 79.70 in case the obvious will happen.....
mmm, changed SL to BE+1
Don't be a hero. Don't have an ego. Always question yourself
  • #21,003
  • Edited 4:14am Nov 1, 2010 2:41am | Edited 4:14am
Quoting faelnirv
its maybe a stop hunt, considering its still sunday in some part of the world and monday on the other, low liquidity allows them to drive prices with "low" money too... also stop hunts acts like a domino effect, they chain until they meet equilibrium.....or maybe its just, like the rumor said, an electronic pricing fault, which i think is liable before the law....

yeah, they can... poor we retail trader, unless you are privileged to these kind of information, there is no instant way to the top,


The smart money was able to take profit long AND then tp and THEN go short.

Cause the smartest money KNEW beforehand it was not intervention.

btw, the top of the spike at 81.48 hit EXACTLY at weekly R1/daily R3 (81.45/81.48), where stops and sell orders would be.
  • #21,004
  • Nov 1, 2010 3:17am Nov 1, 2010 3:17am
will BOJ have much to say on wednesday if its a jpy bank holiday or will that not make a difference considering the circumstances?
  • #21,005
  • Nov 1, 2010 3:51am Nov 1, 2010 3:51am
Quoting watchtower4x
The smart money was able to take profit long AND then tp and THEN go short.

Cause the smartest money KNEW beforehand it was not intervention.

btw, the top of the spike at 81.48 hit EXACTLY at weekly R1/daily R3 (81.45/81.48), where stops and sell orders would be.
top of the spike on my feed is 81.60
  • #21,006
  • Edited 5:47am Nov 1, 2010 4:05am | Edited 5:47am
Quoting ts63
top of the spike on my feed is 81.60
I guess my broker missed out on part of the stop hunt then.

According to Mizuho it was a fat finger system glitch.
  • #21,007
  • Edited 4:56am Nov 1, 2010 4:07am | Edited 4:56am
Quoting 00montie
will BOJ have much to say on wednesday if its a jpy bank holiday or will that not make a difference considering the circumstances?

JPY is closed Tuesday, FOMC is Wednesday. JPY opens 5 hours and 45 minutes after the FOMC announcement on Wednesday.
  • #21,008
  • Nov 1, 2010 4:59am Nov 1, 2010 4:59am
Quoting watchtower4x
JPY is closed Tuesday, FOMC is Wednesday. JPY opens 5 hours and 45 minutes after the FOMC announcement on Wednesday.
thanks
  • #21,009
  • Nov 1, 2010 5:46am Nov 1, 2010 5:46am
You are welcome!!! Good success on Wednesday!!!
  • #21,010
  • Nov 1, 2010 6:06am Nov 1, 2010 6:06am
As per Dukascopy professionals are buying JPY and amateurs are buying USDJPY...big difference.
The Market pays you to be disciplined
  • #21,011
  • Nov 1, 2010 6:07am Nov 1, 2010 6:07am
Quoting ddrawknee
a lot of the money flowing around in forex isnt from those solely speculating like us... but what u say is right, it could put our money aside or bullish even
After BOJ intervention last time, the price didn't move down for several days, that is at the level 85,9X...
The price tested several times there was no bullish movement nor further intervention, so they push it down again..
At level 83, near the BOJ intervention level, they consolidated for several times and the market tested that level several times, no reaction from BOJ (just watching closely) and the price was push down without hestitation.. (and they still watching closely).
My point is, the price is being played by big speculators, not by the investors. Logically, if they buy yen at the high price for investment, isn't that just wasting money??
So if BOJ want to weaken the yen, actually it's very easy, because the market is afraid from intervention, but BOJ (because some reason) dear not do that.
That is my analysis..

Tomorrow there are some meeting, i thing it wont make so much differences (same like a lot of meeting before), hopefully i m wrong..
  • #21,012
  • Nov 1, 2010 6:50am Nov 1, 2010 6:50am
Question... What is the name of USD/JPY's favourite game?












Answer: Spike!

ok that was lame i know... ~~~
  • #21,013
  • Nov 1, 2010 6:52am Nov 1, 2010 6:52am
Quoting mima
As per Dukascopy professionals are buying JPY and amateurs are buying USDJPY...big difference.

Why would the professionals buy JPY if they believed a BOJ intervention is coming? Unless they believe there will be no intervention?
  • #21,014
  • Nov 1, 2010 7:04am Nov 1, 2010 7:04am
Quoting panguFX
Why would the professionals buy JPY if they believed a BOJ intervention is coming? Unless they believe there will be no intervention?
Because, intervention failed to push USDJPY up. Simply put, BOJ is all bark no bite. They simply DONT HAVE THE MONEY to keep the fight.

The professionals have the ammo to keep shooting (or in this case Shorting) the USDJPY to go down.

Though most retail traders are LONG USDJPY, unfortunately, these positions are "held virtually within the broker's server" and does not go into the real market.
  • #21,015
  • Nov 1, 2010 7:08am Nov 1, 2010 7:08am
so yesterdays spike has now been declared a "dealer error"?

What??
this pig cannot be slaughtered for ever... or can it?
  • #21,016
  • Nov 1, 2010 7:16am Nov 1, 2010 7:16am
An interesting read for those puzzled about the spike earlier today...

http://www.babypips.com/blogs/pipono...nterventi.html

Quoting georgem
so yesterdays spike has now been declared a "dealer error"?

What??
Price was also held by 80.35 3 times today, and just broke upwards of a triangle... early signs of northward bound perhaps?
  • #21,017
  • Nov 1, 2010 7:43am Nov 1, 2010 7:43am
Quoting JollyBean
An interesting read for those puzzled about the spike earlier today...

http://www.babypips.com/blogs/pipono...nterventi.html



Price was also held by 80.35 3 times today, and just broke upwards of a triangle... early signs of northward bound perhaps?
Thank you, yes, the take-profit explanation makes most sense to me. Big investor closes his big longtime short.
this pig cannot be slaughtered for ever... or can it?
  • #21,018
  • Nov 1, 2010 7:43am Nov 1, 2010 7:43am
I don't know why everybody is pointing at jpy/usd but all the other pairs have the same spike eur/usd gbp/usd ...
I was sleeping at the time of the spike sure it is not an intervention and I don't think it is a computer glitch.
  • #21,019
  • Nov 1, 2010 7:45am Nov 1, 2010 7:45am
too too slow monday. hoping to see re-test of today's lows.
  • #21,020
  • Nov 1, 2010 7:58am Nov 1, 2010 7:58am
They are trying to toy with our fragile feelings by keeping us guessing.

Quoting Abouelzelouf
I don't know why everybody is pointing at jpy/usd but all the other pairs have the same spike eur/usd gbp/usd ...
I was sleeping at the time of the spike sure it is not an intervention and I don't think it is a computer glitch.
35 traders viewing now