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USD/JPY Discussion

  • #24,461
  • Jun 7, 2011 11:38pm Jun 7, 2011 11:38pm
BOJ INTERVENTION WARNING...
https://media.dailyfx.com/illustrati..._Picture_3.png
USDJPY - The ratio of long to short positions in the USDJPY stands at 5.49 as nearly 85% of traders are long. Yesterday, the ratio was at 5.24 as 84% of open positions were long. In detail, long positions are 11.2% lower than yesterday and 10.4% stronger since last week. Short positions are 15.2% lower than yesterday and 27.7% weaker since last week. Open interest is 11.9% weaker than yesterday and 3.9% below its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.
________________________________ Errare humanum est
  • #24,462
  • Jun 7, 2011 11:44pm Jun 7, 2011 11:44pm
wow 80+% of traders are long. need to look for some buy opp here on around 76 levels. this could cause another spike down due to those stop losses getting triggered.


Quoting MisterTrader
BOJ INTERVENTION WARNING...

USDJPY - The ratio of long to short positions in the USDJPY stands at 5.49 as nearly 85% of traders are long. Yesterday, the ratio was at 5.24 as 84% of open positions were long. In detail, long positions are 11.2% lower than yesterday and 10.4% stronger since last week. Short positions are 15.2% lower than yesterday and 27.7% weaker since last week. Open interest is 11.9% weaker than yesterday and 3.9% below its monthly average. [b][color=Red]The...
  • #24,463
  • Jun 8, 2011 12:36am Jun 8, 2011 12:36am
i'm new in trading USD JPY and I am still familiarizing myself. Do you think the current 80.082 is still part of a retracement?
  • #24,464
  • Jun 8, 2011 12:41am Jun 8, 2011 12:41am
if 85% were long , shouldnt the pair be going up ?

Quoting MisterTrader
BOJ INTERVENTION WARNING...
https://media.dailyfx.com/illustrati..._Picture_3.png
USDJPY - The ratio of long to short positions in the USDJPY stands at 5.49 as nearly 85% of traders are long. Yesterday, the ratio was at 5.24 as 84% of open positions were long. In detail, long positions are 11.2% lower than yesterday and 10.4% stronger since last week. Short positions are 15.2% lower than yesterday and 27.7% weaker since last week. Open interest...
  • #24,465
  • Jun 8, 2011 12:54am Jun 8, 2011 12:54am
Quoting MisterTrader
BOJ INTERVENTION WARNING...
https://media.dailyfx.com/illustrati..._Picture_3.png
USDJPY - The ratio of long to short positions in the USDJPY stands at 5.49 as nearly 85% of traders are long. Yesterday, the ratio was at 5.24 as 84% of open positions were long. In detail, long positions are 11.2% lower than yesterday and 10.4% stronger since last week. Short positions are 15.2% lower than yesterday and 27.7% weaker since last week. Open interest...
Thanks for sharing, MisterTrader!
  • #24,466
  • Jun 8, 2011 12:55am Jun 8, 2011 12:55am
Broke 80.00 - round number, definitely will go down to 79.50
Intervention is near at hand, guys!
  • #24,467
  • Jun 8, 2011 1:06am Jun 8, 2011 1:06am
lol orly?

Quoting slovforex
Broke 80.00 - round number, definitely will go down to 79.50
Intervention is near at hand, guys!
  • #24,468
  • Jun 8, 2011 1:10am Jun 8, 2011 1:10am
Quoting tankokjian
if 85% were long , shouldnt the pair be going up ?
well they are positioned long and not wanting to be long. its positioning so they are not would be buyers.
  • #24,469
  • Jun 8, 2011 1:13am Jun 8, 2011 1:13am
Thought there was talk of later in the month and not imminent?
  • #24,470
  • Jun 8, 2011 1:42am Jun 8, 2011 1:42am
Still looking for a good long entry but can't find it (yet).
We need some kind of shake-out, watching it closely

H1:
Attached Image (click to enlarge)
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Don't be a hero. Don't have an ego. Always question yourself
  • #24,471
  • Jun 8, 2011 1:50am Jun 8, 2011 1:50am
Quoting WendyG
Thought there was talk of later in the month and not imminent?
Hey there fellow Kiwi,

The word is, according to forexlive, that the other G7 partners are 'ready to take action on fx when market conditions appear disorderly'

www.forexlive.com
Doing what you like is Freedom. Liking what you do is Happiness.
  • #24,472
  • Jun 8, 2011 1:51am Jun 8, 2011 1:51am
Quoting JollyBean
lol orly?
I think, yes.
Coz, according to recent data Japan automakers experienced a 30-% drop in car purchases due to strong yen.

But it keeps going higher and higher..
So, there is a need to push yen lower
  • #24,473
  • Jun 8, 2011 2:28am Jun 8, 2011 2:28am
Quoting MisterTrader
BOJ INTERVENTION WARNING...

USDJPY - The ratio of long to short positions in the USDJPY stands at 5.49 as nearly 85% of traders are long. Yesterday, the ratio was at 5.24 as 84% of open positions were long. In detail, long positions are 11.2% lower than yesterday and 10.4% stronger since last week. Short positions are 15.2% lower than yesterday and 27.7% weaker since last week. Open interest is 11.9% weaker than yesterday and 3.9% below its monthly average. [b][color=Red]The...
good info but you dont know how big the 85% of traders position sizes are...if they were big enough this pair would probably start to trend upwards pretty quickly
  • #24,474
  • Jun 8, 2011 2:35am Jun 8, 2011 2:35am
Hello!
Currency pair, as expected continued sideways movement duplicating at least the day before. I believe that the pair will go to the South and continue the downward movement of the trend. Good luck!

http://s47.radikal.ru/i115/1106/2c/62482a6a8141.jpg
  • #24,475
  • Jun 8, 2011 2:42am Jun 8, 2011 2:42am
Quoting Kas1
good info but you dont know how big the 85% of traders position sizes are...if they were big enough this pair would probably start to trend upwards pretty quickly
It's at those levels for a long time now.
The indicator is a contrarian indicator.
Retail trades are very small percentage of total trade.
It could indicate though that a lot of stops can be chased so watch out for spikes south. I'm waiting for them and if they occur, are sizable, high volume and closing bar of lows it could be a nice long entry.
Don't be a hero. Don't have an ego. Always question yourself
  • #24,476
  • Jun 8, 2011 2:43am Jun 8, 2011 2:43am
Quoting USD-Bear
It's at those levels for a long time now.
The indicator is a contrarian indicator.
Retail trades are very small percentage of total trade.
It could indicate though that a lot of stops can be chased so watch out for spikes south. I'm waiting for them and if they occur, are sizable, high volume and closing bar of lows it could be a nice long entry.
That's right.....it's been at 80% or more for months.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #24,477
  • Jun 8, 2011 2:44am Jun 8, 2011 2:44am
Quoting USD-Bear
It's at those levels for a long time now.
The indicator is a contrarian indicator.
Retail trades are very small percentage of total trade.
It could indicate though that a lot of stops can be chased so watch out for spikes south. I'm waiting for them and if they occur, are sizable, high volume and closing bar of lows it could be a nice long entry.
USD-Bear , this is what im gonna be waiting for as well. it could spring up fast and good quick in/out trade
  • #24,478
  • Jun 8, 2011 4:03am Jun 8, 2011 4:03am
Quoting slovforex
Thanks for sharing, MisterTrader!
If 85% traders are long, why an intervention is needed.
  • #24,479
  • Jun 8, 2011 4:25am Jun 8, 2011 4:25am
i expect a V shape recovery not a U shape. so i am on the bearish short term and bullish long term. i let the PA lead the way,taking short breaks in my postion


Quoting tkhlam
If 85% traders are long, why an intervention is needed.
  • #24,480
  • Jun 8, 2011 4:27am Jun 8, 2011 4:27am
Quoting tkhlam
If 85% traders are long, why an intervention is needed.
because (retail) traders 85% long is/was not enough to get UJ to acceptable (higher) levels....
Don't be a hero. Don't have an ego. Always question yourself
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