What the **** happened with USD/JPY? | Forex Factory

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What the **** happened with USD/JPY?

  • #1
  • First Post: May 9, 2013 11:47pm May 9, 2013 11:47pm
What the fuck did just happened in usd.jpy last night almost blew my account..... no news nothing but it was going like there has been a war started in Japan
  • #2
  • May 10, 2013 12:03am May 10, 2013 12:03am
ever heard about stop loss?
been there done that, Good Bye
  • #3
  • May 10, 2013 7:07am May 10, 2013 7:07am
When you look at the daily chart...
Double top followed by a higher low and then a break-out of the double top.
All this in a very strong uptrend - no surprise here. Text book stuff.
Although it is reasonable to take a short trade when price hits the level of the DT, because of the strong uptrend, you should be prepared to cut losses quickly.
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  • #4
  • May 10, 2013 11:52am May 10, 2013 11:52am
please read the news about US 30 years bond demand
Going where the money Flow
  • #5
  • May 10, 2013 7:40pm May 10, 2013 7:40pm
lost 9 bucks for this news, was longing UJ and shorting EJ. The shorting EJ had bigger SL than UJ TP...
back... and more dangerous.
  • #6
  • May 10, 2013 7:54pm May 10, 2013 7:54pm
Quoting zeshan5
What the fuck did just happened in usd.jpy last night almost blew my account..... no news nothing but it was going like there has been a war started in Japan

Yes it was a big move.....170 pips towards the end of the USA session, and that, like most things in FX trading cannot be predicted, no matter what anyone says. So.....in future, you WILL you a stop loss won't you?

No matter how many times people say to use a SL, there's always some who just prefer to find out the hard way.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #7
  • May 10, 2013 11:01pm May 10, 2013 11:01pm
my 4 cents. part time trader. I work nights throwing newspapers.watch currency fluctuations on my smart phone. In Calif. unemploym. job claims come out 5:30am PST thurs morning Had 16 mini lots long on us/jpy at 98.92 but trend had weakened to around 98.70. I left for work w/ a stop limit at 99.11. So you might think at 98.70 its going to hit that limit? Yeah right. At 5:30 unemploym claims are less. the numbers start climbing and get to about 98.90 so i get back to my job and the next time I check the values? 99.14! trade closed. $ 295 gain When I got home it was up to 99.30 Unemploym. news events and US/Jpy.
  • #8
  • May 11, 2013 5:17am May 11, 2013 5:17am
Quoting realjumper
{quote} Yes it was a big move.....170 pips towards the end of the USA session, and that, like most things in FX trading cannot be predicted, no matter what anyone says. So.....in future, you WILL you a stop loss won't you? No matter how many times people say to use a SL, there's always some who just prefer to find out the hard way.
Actually it was highlyt probable move. There was massive amount of liquidity above 100 - Option realted orders, stops etc.
Supply just went bonkers at the 4th test. Afterall BOJ is creating this strong uptrend.

Marked was focused on 100 for quite a long time now.
  • #9
  • May 11, 2013 5:20am May 11, 2013 5:20am
Quoting zeshan5
What the fuck did just happened in usd.jpy last night almost blew my account..... no news nothing but it was going like there has been a war started in Japan
The Yen has been moving in one direction for 9 months now. Why were you short?
  • #10
  • May 11, 2013 8:07am May 11, 2013 8:07am
That was a probable move, since there is a major support and pivot level at 96.44.
The may uptrend under 100.00 was ficilitated by the lower interest rates in europe
and the good NFP. The may uptrend above 100.00 has also a major psychological reason.
Hope there will be a retrace...but like some say, hoping is not trading.
  • #11
  • May 11, 2013 5:13pm May 11, 2013 5:13pm
Quoting Greenhaze
{quote} Actually it was highlyt probable move. There was massive amount of liquidity above 100 - Option realted orders, stops etc. Supply just went bonkers at the 4th test. Afterall BOJ is creating this strong uptrend. Marked was focused on 100 for quite a long time now.
I didn't say it wasn't probable. the price has been up to the line and rejected several times in the past 5 weeks. It was just a matter of time until the 100 barrier was broken.

I said that the 170 pip bull run late in the NY session could not be predicted.

There is a difference
Doing what you like is Freedom. Liking what you do is Happiness.
  • #12
  • May 11, 2013 7:03pm May 11, 2013 7:03pm
I took (about) 170 pips on the first move (Thursday) but failed
miserably in following my own method by hanging on for the next
move up.

Therefore, I could make excuses; I was tired, I had a good day, etc.
but the truth is..... I sucked in this trade even though it was positive.

Anyway, if there's a lesson to be learned (aside from my own) maybe
that it's "don't be to quick to sell in an uptrend"???

All the best
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  • #13
  • Jul 26, 2016 11:00pm Jul 26, 2016 11:00pm
What the h*** just happened to JPY?
  • #14
  • Last Post: Jul 27, 2016 12:36am Jul 27, 2016 12:36am
Good Game Well Played

See that USDJPY move, Abe said more xxx, then Fed said more zzz, then Abe said more yyy, see market reacts? Thats the way they play the game.
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