USD/JPY Discussion | Page 1728 | 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

  • #34,541
  • Jun 7, 2013 10:49am Jun 7, 2013 10:49am
Where are we headed now then is anybody's guess?

Unless someone can give a definitive answer as to a more plausible direction.

I had 90 pips when the US data was released in a burst, but, I failed to close and it shot up, now I'm 120 -ve. Dammit!

So disappointed. Hoping to try and regain it back down toward 95.941 to break even.

I'm sure I'm not the only one to have made a mistake this drastic before.
  • #34,542
  • Jun 7, 2013 10:52am Jun 7, 2013 10:52am
Quoting 1candlepower
{quote} of course you're right about that; but, the actual tread looks to be getting installed at 97.30 --- plus i see that the nikkei is trying break upwards within the up channel that began yesterday afternoon; AND, the 10y yield is buzzin along in its channel... phew! i guess i am exited! i should calm down
Well, I'm just a humble chart trader (not so good with FA) and I can see some work needs to be done to resume the up trend now. But I think it will eventually.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDLFX_LFXJPY_4H.PNG Size: 63 KB
Click to Enlarge Name: USDLFX_LFXJPY_WEEKLY.PNG Size: 67 KB
Ghost Rider - WWTBMD?
  • #34,543
  • Jun 7, 2013 10:53am Jun 7, 2013 10:53am
Quoting Mozzy
Where are we headed now then is anybody's guess? Unless someone can give a definitive answer as to a more plausible direction. I had 90 pips when the US data was released in a burst, but, I failed to close and it shot up, now I'm 120 -ve. Dammit! So disappointed. Hoping to try and regain it back down toward 95.941 to break even. I'm sure I'm not the only one to have made a mistake this drastic before.
well i got a little carried away there, it just broke out of the stair-stepping thing... so now maybe sideways for the rest of the day?
  • #34,544
  • Jun 7, 2013 10:55am Jun 7, 2013 10:55am
Quoting albchr
{quote} Well, I'm just a humble chart trader (not so good with FA) and I can see some work needs to be done to resume the up trend now. {image}
what is LFX?

(edit: wait, let me guess... lfx is computed dollar index as opposed to dollar index futures?)
  • #34,545
  • Jun 7, 2013 10:56am Jun 7, 2013 10:56am
Quoting 1candlepower
{quote} well i got a little carried away there, it just broke out of the stair-stepping thing... so now maybe sideways for the rest of the day?

Stupid thing is, I had this same trade up at -100 before and it came back down over several hours, then the data hit and put me right back where I was before.

I kick myself so hard knowing I should've closed it, but, I panicked and froze just staring at the screen. Dammit! Dammit! Dammit!
  • #34,546
  • Jun 7, 2013 10:58am Jun 7, 2013 10:58am
nice stop hunt there...had 77 pips in the bag and within 10 min got stopped at +1 ..what a bunch of bullsh@$..the yen casino lives on
  • #34,547
  • Jun 7, 2013 11:01am Jun 7, 2013 11:01am
Quoting rwr
nice stop hunt there...had 77 pips in the bag and within 10 min got stopped at +1 ..what a bunch of bullsh@$..the yen casino lives on
If I could be so lucky, I'd be happy that I wasn't where I am now!
  • #34,548
  • Jun 7, 2013 11:13am Jun 7, 2013 11:13am
Quoting albchr
{quote} Well, I'm just a humble chart trader (not so good with FA) and I can see some work needs to be done to resume the up trend now. But I think it will eventually. {image} {image}
i found a "Lite" explanation of LFX (very light) and 2 conflicted formulas to calculate. whatever the correct formula, i don't immediately understand the concept. what advantages have you found for using it?
  • #34,549
  • Jun 7, 2013 11:21am Jun 7, 2013 11:21am
Quoting 1candlepower
{quote} i found a "Lite" explanation of LFX (very light) and 2 conflicted formulas to calculate. whatever the correct formula, i don't immediately understand the concept. what advantages have you found for using it?
It's just the charts that came with SIGTrader that I use for the indexes bro. The "numbers" matter not to me. All I see are the just the candles and SR levels. PA + S/R is all I care about.
Ghost Rider - WWTBMD?
  • #34,550
  • Jun 7, 2013 11:41am Jun 7, 2013 11:41am
speaking of no manipulation in the fx market, could someone explain the "huge" move one day prior to NFP? 99.xx to 94.9x before an important data release, I guess that is how the sharks make money by screwing retails. no more bull shitting about ample liquidity in the fx market.


Quoting trendpal
The move was insane. I thought the forex market was liquid and not so easy to be manipulated? I was totally wrong! {quote}
  • #34,551
  • Jun 7, 2013 1:22pm Jun 7, 2013 1:22pm
Quoting trendpal
speaking of no manipulation in the fx market, could someone explain the "huge" move one day prior to NFP? 99.xx to 94.9x before an important data release, I guess that is how the sharks make money by screwing retails. no more bull shitting about ample liquidity in the fx market. {quote}
this is simply something out of my head (fits what i know): i think what you saw on thursday was a genuine (and rare) stop run. most of the time, i think, a penny ante "stop run" would be so expensive and risky, it would never pay for itself...there are just so many other things going on that it seems as likely a large trading entity (a shark?) would lose money in the crush of events as make money. i've thought about it A LOT and i just don't see stop runs everywhere anymore. no matter what price does, there will always be a bunch a traders facing the wrong way --- it doesn't mean their stops are being hunted.

but, every now and then (7 or 8 times a year?) the market gets really overly long or short the dollar for example over a wide price range and then, yeah, i think some cooperation between large players might occur (maybe the BOJ was one of them this time - who knows?).

as for manipulation; well, i suppose that goes on all time. and thank god it does! 'cause if it didn't, prices would just lay there most of the time and there'd be no point in trading.

only my 2 cents :nerd:
  • #34,552
  • Jun 7, 2013 2:10pm Jun 7, 2013 2:10pm
Quoting rwr
nice stop hunt there...had 77 pips in the bag and within 10 min got stopped at +1 ..what a bunch of bullsh@$..the yen casino lives on
wanna talk about pain... try this one on for size:
i shorted GJ and EJ earlier this week, roughly 131 and 130 for EJ and 153 and 152 for GJ... earlier today (right @ nfp time) i was sitting on an average of 550 pips of gains... that was then... this is now...

(btw, i am talking about multi lot sizes per position)
90% of people, are wrong about 90% of everything, 90% of the time...
  • #34,553
  • Jun 7, 2013 2:56pm Jun 7, 2013 2:56pm
Gidday DHT

I was feeling the pain big time when these YEN pairs took a massive dump

Had to bring out the abacus an do a bit off creative hedging

Big question is what will happen now.

The markets used to do this

end off week an clean out all the peasants for a laugh.
  • #34,554
  • Jun 7, 2013 3:28pm Jun 7, 2013 3:28pm
Quoting eliteincome
Gidday DHT I was feeling the pain big time when these YEN pairs took a massive dump Had to bring out the abacus an do a bit off creative hedging Big question is what will happen now. The markets used to do this end off week an clean out all the peasants for a laugh.
I appreciate the reinforcements! I guess its nice to know that others have been there too...
I agree with you, this bounce is not convincing, just like the fast drop was not convincing... Im leaning towards adding to shorts next week, but i will let pa guide me...

Wishing all my fellow traders an excellent weekend

Cheers

theDHT
90% of people, are wrong about 90% of everything, 90% of the time...
  • #34,555
  • Jun 7, 2013 8:02pm Jun 7, 2013 8:02pm
Quoting whatever007
{quote} I grabbed a small one at 96.5. SL 95. TP somewhere in a galaxy far far away.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #34,556
  • Jun 8, 2013 12:57am Jun 8, 2013 12:57am
According to the candlestick, the huge spike means up trend. What ur point of view. Im still holding my long at 95.874, please anyone lead me.
  • #34,557
  • Jun 8, 2013 7:09pm Jun 8, 2013 7:09pm
Quoting theDHT
{quote} wanna talk about pain... try this one on for size: i shorted GJ and EJ earlier this week, roughly 131 and 130 for EJ and 153 and 152 for GJ... earlier today (right @ nfp time) i was sitting on an average of 550 pips of gains... that was then... this is now... (btw, i am talking about multi lot sizes per position)
WoW....speechless....
  • #34,558
  • Jun 8, 2013 9:35pm Jun 8, 2013 9:35pm
It looks like Nikkei is going to gap up strongly on Monday, partly because of the news Japan pension fund is going to sell some JGB to buy equities. Nikkei futures was up more than 4% already late Friday. Given the strong correlation between Nikkei and USDJPY the past few sessions, UJ might go higher from there if Nikkei can sustain the momentum on Monday.
  • #34,559
  • Jun 9, 2013 10:48am Jun 9, 2013 10:48am
Looking like very good "Alpha" Seeds

This was then
Attached Image (click to enlarge)
Click to Enlarge Name: 2013_07_06_USDJPY_PostNFP_14xSized_Huge_LONGS.JPG Size: 149 KB

and this is now
Attached Image (click to enlarge)
Click to Enlarge Name: 2013_07_06_USDJPY_PostNFP_14xSized_Huge_LONGS_Weekend.JPG Size: 144 KB


- Though the account is up 3200%+; net ~30000 pips, would like it to run
- Free account ride anyway (and of course would scale in on major LVL breaks and test retraces)
- Stop @ BE+1 @95.35
- Upside major RES LVL's: 97.50 (Gr2A; Done)> 98.80 (Gr1A; Good amt of Stops abv)> 100 (Gr1AA; Of course )>If BreaksnHolds 101(Gr1AAA; BIG stops)>If B&H's 110 & may be 125

Lets WnWatch
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #34,560
  • Jun 9, 2013 2:06pm Jun 9, 2013 2:06pm
Quoting forexsaint
Looking like very good "Alpha" Seeds This was then {image} and this is now {image} - Though the account is up 3200%+; net ~30000 pips, would like it to run - Free account ride anyway (and of course would scale in on major LVL breaks and test retraces) - Stop @ BE+1 @95.35 - Upside major RES LVL's: 97.50 (Gr2A; Done)> 98.80 (Gr1A; Good amt of Stops abv)> 100 (Gr1AA; Of course )>If BreaksnHolds 101(Gr1AAA; BIG stops)>If B&H's 110 & may be 125 Lets WnWatch
Whats this ea you are using?
90% of people, are wrong about 90% of everything, 90% of the time...
63 traders viewing now