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USD/JPY Discussion

  • #34,141
  • Edited 9:44pm May 27, 2013 9:14pm | Edited 9:44pm
.uj stair-stepping again. first 50. now 75; next tread should go in at ~102. may get long @ 101.75
  • #34,142
  • May 27, 2013 9:22pm May 27, 2013 9:22pm
very tight tracking of Nikkei futures by .uj recently. interesting possibility is that by making them track, BOJ can manipulate .uj by moving NK futures around. if anyone asks, they just say "oh, we didn't drive yen pairs up, it was the Nikkei"
  • #34,143
  • May 27, 2013 9:44pm May 27, 2013 9:44pm
Quoting 1candlepower
.uj stair-stepping again. first 50. now 75; next tread should go in at ~102. may get long @ 101.75

no wait, that would be too obvious. more probable loc of next tread will be ~102.25
  • #34,144
  • May 27, 2013 9:46pm May 27, 2013 9:46pm
Quoting 1candlepower
{quote} no wait, that would be too obvious. more probable loc of next tread will be ~102.25
okay, there is goes... and it WAS the Nikkei's fault! the Nikkei just went up, and the .uj followed...
  • #34,145
  • May 27, 2013 9:48pm May 27, 2013 9:48pm
Quoting 1candlepower
{quote} okay, there is goes... and it WAS the Nikkei's fault! the Nikkei just went up, and the .uj followed...

hey, i didn't do that
  • #34,146
  • May 27, 2013 9:51pm May 27, 2013 9:51pm
looks like the upside price target for this bounce is filled, thanks to BoJ ramp this am...
this looks like a good place to put on some shorts for the next leg, which should be down to the c100 level...
90% of people, are wrong about 90% of everything, 90% of the time...
  • #34,147
  • May 27, 2013 9:56pm May 27, 2013 9:56pm
Quoting theDHT
looks like the upside price target for this bounce is filled, thanks to BoJ ramp this am...this looks like a good place to put on some shorts for the next leg, which should be down to the c100 level...
i think that would be a very big mistake. more likely we go to about 102.40 and then fall back to new price floor around 102.25 it fits pattern of last few months better. they use every chance they get to ram it higher.
  • #34,148
  • May 27, 2013 10:00pm May 27, 2013 10:00pm
Quoting 1candlepower
{quote} i think that would be a very big mistake. more likely we go to about 102.40 and then fall back to new price floor around 102.25 it fits pattern of last few months better. they use every chance they get to ram it higher.
well, that is after they've made a higher l/t floor. new long term floor is around 100.77 ...don't think we'll be going back down there for a while.
  • #34,149
  • May 27, 2013 10:04pm May 27, 2013 10:04pm
if it happens, a pull back to 75 would be good opp to long
  • #34,150
  • May 28, 2013 12:33am May 28, 2013 12:33am
Quoting 1candlepower
{quote} i think that would be a very big mistake. more likely we go to about 102.40 and then fall back to new price floor around 102.25 it fits pattern of last few months better. they use every chance they get to ram it higher.
.uj just broke inner tl from past 7 hours and price will cross utl at 102.40 (good guess) on curr path, so new "stair-step" price floor will prob be ~102.25 -- but first we have to reach 102.40

longer term upper tl now comes in around 104.20 if .uj goes there in straight line. buying dips still looks good.
  • #34,151
  • May 28, 2013 12:39am May 28, 2013 12:39am
TP just above 102 good for recent sh's... price unlikely to fall below there right away.
  • #34,152
  • May 28, 2013 1:01am May 28, 2013 1:01am
Quoting 1candlepower
{quote} .uj just broke inner tl from past 7 hours and price will cross utl at 102.40 (good guess) on curr path, so new "stair-step" price floor will prob be ~102.25 -- but first we have to reach 102.40 longer term upper tl now comes in around 104.20 if .uj goes there in straight line. buying dips still looks good.
102.25 price floor hit... resistance atm, soon s/b support. overshoot to 102.40? let's see...
  • #34,153
  • May 28, 2013 7:15am May 28, 2013 7:15am
Quoting 1candlepower
{quote} 102.25 price floor hit... resistance atm, soon s/b support. overshoot to 102.40? let's see...
looks like new floor in .uj may become 102.30 (from last fri price action)
  • #34,154
  • May 28, 2013 7:16am May 28, 2013 7:16am
no comments in hours... doesn't anyone here trade this thing? .uj is a raging bull!
  • #34,155
  • May 28, 2013 7:29am May 28, 2013 7:29am
i'm expecting a move down to 100.10-100.20, maybe a little lower. and then to 102 again
  • #34,156
  • May 28, 2013 7:31am May 28, 2013 7:31am
Quoting 1candlepower
no comments in hours... doesn't anyone here trade this thing? .uj is a raging bull!
.eu has moved less than .66% today... .uj has moved more than 1.56% ------ but no one here trades it?
  • #34,157
  • May 28, 2013 7:41am May 28, 2013 7:41am
Quoting 1candlepower
no comments in hours... doesn't anyone here trade this thing? .uj is a raging bull!
So busy ready all your posts I barely have time to trade.....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #34,158
  • May 28, 2013 7:56am May 28, 2013 7:56am
Quoting Exodus
{quote}So busy ready all your posts I barely have time to trade.....
is there some reason not to comment on this pair? ...is everyone trading it in secret? maybe everyone's makin a bundle and don't want anybody to know...
  • #34,159
  • May 28, 2013 7:56am May 28, 2013 7:56am
....and I'm saving UJ for hedging - when I screw-up on EJ (which moves more than UJ)

Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #34,160
  • May 28, 2013 7:57am May 28, 2013 7:57am
Quoting Exodus
....and I'm saving UJ for hedging - when I screw-up on EJ (which moves more than UJ)
more pips, not necessarily more money
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