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USD/JPY Discussion

  • #28,721
  • Oct 28, 2011 2:20pm Oct 28, 2011 2:20pm
Quoting KillerWhale
Of course, just as I take my long order out, it reaches 75.70 and now I could have had 6 pips gain lol. well there are much better pairs.
For Monday: I am currently short EUR/GBP, short AUD/USD, short EUR/USD, maybe I could go long USD/CAD for a retest of resistance. We'll see.

Happy weekend to all. Normally I hate weekends because there is no trading but this time I welcome it. I've been too busy with this stuff but fortunately it paid of well. Even that shit pair UJ.
I started the week ugly with a 2% loss on EU due to wrong timing but came back...
Happy Weekend Buddy!...

This bullshit pair wasted the whole day of mine today.... and at the end what's my position.. Yesterday's 25 Pips Gain now reduced to 5 Pips only..

F**k
  • #28,722
  • Oct 28, 2011 3:10pm Oct 28, 2011 3:10pm
'COT report net positioning shows 54k contracts long YEN ... best sign of impending BOJ intervention'

True or not .... I have no idea.

Enjoy your weekend !
  • #28,723
  • Oct 28, 2011 3:26pm Oct 28, 2011 3:26pm
Quoting SIgurs
'COT report net positioning shows 54k contracts long YEN ... best sign of impending BOJ intervention'

True or not .... I have no idea.

Enjoy your weekend !
I will pray during weekened for BOJ to intervene. I have total of 3 lots open long position in U/J at 75.70 level and even a 100 pips spike can earn me good around 4K...

Let's hope for the best....
  • #28,724
  • Oct 28, 2011 9:22pm Oct 28, 2011 9:22pm
Quoting Forexgain
I will pray during weekened for BOJ to intervene. I have total of 3 lots open long position in U/J at 75.70 level and even a 100 pips spike can earn me good around 4K...

Let's hope for the best....


reallly nice ! I have 2 lots .. and hope tha same
it closed around 75.82
where did u put stoploss?
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #28,725
  • Oct 28, 2011 9:33pm Oct 28, 2011 9:33pm
i read somewhere early this week that some big players are buying jpy put option at 75.50. this might be the power driving the jpy rise this week. if this is true then there could be spikes when it touch 75.50.

my 2 cents. pls correct me if i'm wrong.
I mean what I say, I say what I mean
  • #28,726
  • Oct 28, 2011 9:40pm Oct 28, 2011 9:40pm
Quoting eqshack
reallly nice ! I have 2 lots .. and hope tha same
it closed around 75.82
where did u put stoploss?
i also have 5 lots this pair at 75.77， stoploss at 75.41and sell stop at 75.36 tp at 75.01
  • #28,727
  • Oct 28, 2011 10:31pm Oct 28, 2011 10:31pm
Quoting joesen
i also have 5 lots this pair at 75.77， stoploss at 75.41and sell stop at 75.36 tp at 75.01
How are you making profit with the above trading plan?
  • #28,728
  • Oct 28, 2011 11:14pm Oct 28, 2011 11:14pm
Quoting multi888
How are you making profit with the above trading plan?
honestly， i hope BOJ take intervention ASAP，and huge stops under 75.40，so i take two-pronged strategy to protest my losses
  • #28,729
  • Oct 28, 2011 11:17pm Oct 28, 2011 11:17pm
Quoting joesen
honestly， i hope BOJ take intervention ASAP，and huge stops under 75.40，so i take two-pronged strategy to protest my losses
Based on the current level I still dont think BOJ will intervene,Next Month 73.50 must be test to end this downtrend
If there was easy money lying around,no one would be forcing it into your
  • #28,730
  • Oct 29, 2011 3:45am Oct 29, 2011 3:45am
BOJ is not going to interven in the market,,, ....
i have also 3 lots at 75.75....
i dont know why im saying that,,, but this voice is from the core of my heart...lolz
dont take serious to me, just kidding guyz.
wish you all good luck
"Sensible Trader"
  • #28,731
  • Oct 29, 2011 4:09am Oct 29, 2011 4:09am
USD/JPY – Bias (Overall): Bearish + Cautious (No man’s land)

http://lcchong.files.wordpress.com/2...ng?w=837&h=380
  • #28,732
  • Oct 29, 2011 4:45am Oct 29, 2011 4:45am
Quoting eqshack
reallly nice ! I have 2 lots .. and hope tha same
it closed around 75.82
where did u put stoploss?
My SL is at 75.30 and TP open...
  • #28,733
  • Oct 29, 2011 5:03am Oct 29, 2011 5:03am
USD Strenght doesnt help UJ pair at all - The Only Solution Is Japan need take Strong Action
As we can see in the USDX Monthly Chart - last Month we have break the longterm downtrend and USD showing strenght against all currencies with one exception and Its JPY - Doesnt help it at all
Attached Image (click to enlarge)
Click to Enlarge Name: USDX Monthly.png Size: 35 KB
If there was easy money lying around,no one would be forcing it into your
  • #28,734
  • Oct 29, 2011 10:54am Oct 29, 2011 10:54am
I am opening a Free chat room for all that want to take part. It may be useful particularly in discussing things in real time and could be used along with this and other threads. The details are here: http://www.forexfactory.com/showthread.php?t=322868
ex member
  • #28,735
  • Oct 30, 2011 2:56am Oct 30, 2011 2:56am
sorry i am new to this.
but what i dont get is since everyone seems like they are going long, shouldnt the demand of it create a bullish trend? how is it everyone seems to be going to long yet it still has a downward trend?
  • #28,736
  • Oct 30, 2011 10:14am Oct 30, 2011 10:14am
Hi! I've been following this thread for a little bit,

Correct me anyone if i'm mistaked, but from my understanding, retail traders (us, of who the majority are going long) make-up only a small portion of all the exchanges taking place.

Now what I'm curious about is what that portion is, and how much of the market is moved by institutions, actual commercial groups/companies, banks (although technically everything is done through banks...), etc.

Not a complete answer to your question but it gives you an idea.
  • #28,737
  • Oct 30, 2011 10:44am Oct 30, 2011 10:44am
Talking about market confidence !!! Looks like no Boj intervention is expected !!!!

===========

Speculative investors more than doubled their bets that the yen will appreciate against the dollar, effectively daring the Japanese government to make good on its threats to sell the yen and weaken the currency.

Traders bet a net $8.9 billion that the yen will rise, or 54,279 contracts, as of Oct. 25. That was a 104% increase from the prior week, according to the Commodity Futures Trading Commission's weekly report on the commitments of traders, released Friday.

The market's yen positioning indicates traders don't think the government's strident attacks on the yen's strength will have much impact on the exchange rate. The Japanese government has threatened to intervene in currency markets again to drive down the yen, although its prior attempts this year have not been successful in containing the currency's rise.

"People were speculating on Bank of Japan intervention after the move below 76 [yen to the dollar], the all-time high," said analyst Daniel Brehon of Deutsche Bank in New York.

In part because speculators were piling into optimistic bets on the yen, the market's wagers that the dollar will rise decreased by 42% this week, standing at a net $8.2 billion.

Wagers that the euro will weaken were essentially unchanged, at $13.3 billion, or 76,512 contracts. On Tuesday, traders were waiting for the results of a euro-zone meeting that laid out plans to rescue the currency union's troubled economies from the sovereign debt crisis enveloping the region. That accord calmed investors' nerves somewhat later in the week.

"Long term, there's a lot of skepticism out there about whether this package will be enough," Brehon said. "Anecdotally, a lot of people are a little skeptical about this move up in euro.
  • #28,738
  • Oct 30, 2011 10:53am Oct 30, 2011 10:53am
Quoting SIgurs
Talking about market confidence !!! Looks like no Boj intervention is expected !!!!

===========

Speculative investors more than doubled their bets that the yen will appreciate against the dollar, effectively daring the Japanese government to make good on its threats to sell the yen and weaken the currency.

Traders bet a net $8.9 billion that the yen will rise, or 54,279 contracts, as of Oct. 25. That was a 104% increase from the prior week, according to the Commodity Futures Trading Commission's weekly report on the commitments...
as we can see The Japan Authorities seems comfortable with the current level so far
If there was easy money lying around,no one would be forcing it into your
  • #28,739
  • Oct 30, 2011 11:09am Oct 30, 2011 11:09am
Quoting FXMindset
as we can see The Japan Authorities seems comfortable with the current level so far
So what's the level you expect for U/J this week...

Do you think U/J will rebound from the current level once the market opens today, as wee can see that U/J genearlly use to recover overnight but due to early market close on friday it only partially recovered from the lower level...
  • #28,740
  • Oct 30, 2011 12:45pm Oct 30, 2011 12:45pm
Quoting Forexgain
So what's the level you expect for U/J this week...

Do you think U/J will rebound from the current level once the market opens today, as wee can see that U/J genearlly use to recover overnight but due to early market close on friday it only partially recovered from the lower level...
Recover? How many Pips?
If there was easy money lying around,no one would be forcing it into your
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