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USD/JPY Discussion

  • #37,101
  • Sep 20, 2013 4:13am Sep 20, 2013 4:13am
Quoting seandean
New Positions: SLD 3 SEP26 0.00985 Put Fut. Option (6J4) 0.0000080 SLD 2 SEP26 0.0103 Call Fut. Option (6J4) 0.0000060 Existing Positions: SLD 2 SEP20 0.0098 Put Fut. Option (6J3) 0.0000140 (entered Sept 13 @ 1:20AM EST) Position Summary: My existing short option position is going to expire worthless tomorrow afternoon. My new position is looking to exploit the current range of about 97 to 101 in the USD/JPY pair. I have gone with a 3:2 short PUT/CALL position ratio. I will go long or short the underlying 6J future should the market approach these...
What is it they say...picking up pennies in front of a steamroller?

I trade these options also, btw.
I have no clue what I'm talking about.
  • #37,102
  • Sep 20, 2013 7:45am Sep 20, 2013 7:45am
Quoting MrketSniper
{quote} I doubt this pairs will even break the strong support at 97.7
Closing my Longs, and gonna short this pairs down.
  • #37,103
  • Sep 20, 2013 8:12am Sep 20, 2013 8:12am
Quoting MrketSniper
{quote} Closing my Longs, and gonna short this pairs down.
Good luck
  • #37,104
  • Edited 11:45am Sep 20, 2013 9:08am | Edited 11:45am
Quoting MrketSniper
{quote} Closing my Longs, and gonna short this pairs down.
Those that jumped on the short train the other day busted their accounts. YEN/USD got quiet after that last pop. Many margin calls kicked in on that 2% move between the low and high reversal. The reversal was double what YEN gains were which hurt many. Long term I am bullish on the USD but the recent reversal was pretty pathetic the other day.
  • #37,105
  • Sep 20, 2013 9:17am Sep 20, 2013 9:17am
Quoting stylinex
{quote} Those that jumped on the short train the othet day busted their accounts. YEN/USD got quiet after that last pop. Many margin calls kicked in on that 2% mive between the low and high reversal. The reversal was double what YEN gains were which hurt many. Long term I am bullish on the USD but the recent reversal was pretty pathetic the other day.

it's mean yen going up ? and the target ?
  • #37,106
  • Sep 20, 2013 12:59pm Sep 20, 2013 12:59pm
Quoting Boy Wonder
{quote} What is it they say...picking up pennies in front of a steamroller? I trade these options also, btw.


I disagree, this is not classified as “low risk” however I would say its “lower risk” than just going long or short at any point in the current market. It’s quite evident, even by technical analysts we are stuck in a short/medium term range. This trade plays that range, which in my view is better than trying to scalp the range relentlessly.

In addition to my actual execution I also laid out my trading plan for all to see, from what I can see that’s better than most that are just going “long or short” at seemingly random locations.

I do appreciate the feedback though, that is after all one of the reasons I’m going to post all my USD/JPY options and futures trades.
  • #37,107
  • Sep 20, 2013 1:52pm Sep 20, 2013 1:52pm
I am thinking of leaving buy limit order open over weekend. If price drops over weekend It will be a good opening price for u/j
  • #37,108
  • Sep 20, 2013 2:21pm Sep 20, 2013 2:21pm
Quoting seandean
{quote} I disagree, this is not classified as “low risk” however I would say its “lower risk” than just going long or short at any point in the current market. It’s quite evident, even by technical analysts we are stuck in a short/medium term range. This trade plays that range, which in my view is better than trying to scalp the range relentlessly. In addition to my actual execution I also laid out my trading plan for all to see, from what I can see that’s better than most that are just going “long or short” at seemingly random locations. I do appreciate...
No criticism intended; you know what you're doing. It just reminded me of Nassim Taleb's view of that kind of strategy (http://en.wikipedia.org/wiki/Taleb_d...ing_strategies). I do the same but opposite: I prefer to sell ATM or close to the money, but usually hedged with the underlying. I guess it's cos I'm greedy. Which of us blows up first, who knows, but it'll probably be me.

Btw, it's good to see another options trader around, and it's very honest of you to post your positions. I couldn't do that: too stressful.
I have no clue what I'm talking about.
  • #37,109
  • Sep 20, 2013 4:13pm Sep 20, 2013 4:13pm
hey guys this pair now has a very huge spread of 15 pips. Just curious how do u check the size of spread from when did it increase till such a large size?
  • #37,110
  • Sep 20, 2013 4:22pm Sep 20, 2013 4:22pm
Quoting forex_fairy
hey guys this pair now has a very huge spread of 15 pips. Just curious how do u check the size of spread from when did it increase till such a large size?
Market is closed, check out again on sunday night
  • #37,111
  • Sep 21, 2013 11:48am Sep 21, 2013 11:48am
Quoting forex_fairy
hey guys this pair now has a very huge spread of 15 pips. Just curious how do u check the size of spread from when did it increase till such a large size?
Hi... do you use mt4? Right click on chart go to properties and check the "show ask line". Choose colour of your choice for this line. I choose stale grey.
Spread increases difference between ask and bid line increases too.
  • #37,112
  • Sep 21, 2013 11:55am Sep 21, 2013 11:55am
Quoting forex_fairy
hey guys this pair now has a very huge spread of 15 pips. Just curious how do u check the size of spread from when did it increase till such a large size?
For low spreads I invite you on my broker (TradeFort). Here's link: www.tradefort.ws/?19a1a87. They give you small bonus of five dollars on live account to check them.
  • #37,113
  • Sep 22, 2013 5:12pm Sep 22, 2013 5:12pm
Quoting iahmedz
{quote} Hi... do you use mt4? Right click on chart go to properties and check the "show ask line". Choose colour of your choice for this line. I choose stale grey. Spread increases difference between ask and bid line increases too.

done that but it doesn't show all the time WTF!


I was also curious how come the spread became so huge cos it's not like this.
  • #37,114
  • Sep 22, 2013 5:15pm Sep 22, 2013 5:15pm
OK looks like i need to post this on oanda's thread. I have 2 different brokers and it seems that the price of oanda is like what more than 10 pips off from fx pro. fxpro is at 99.31 while oanda is at 99.287 at the same time. Fucking oanda is playing by being off by some many pips and not only that it was the same when price didn't move these bastards are manipulating the price probably not all the time but sometimes.
  • #37,115
  • Sep 22, 2013 5:18pm Sep 22, 2013 5:18pm
Quoting forex_fairy
OK looks like i need to post this on oanda's thread. I have 2 different brokers and it seems that the price of oanda is like what more than 10 pips off from fx pro. fxpro is at 99.31 while oanda is at 99.287 at the same time. Fucking oanda is playing by being off by some many pips and not only that it was the same when price didn't move these bastards are manipulating the price probably not all the time but sometimes.
Apparently Oanda sucks because this seems to always happen. I have .9 spread on FXDD for USDJPY
When the facts change I change my mind, what do you do sir
  • #37,116
  • Sep 22, 2013 5:40pm Sep 22, 2013 5:40pm
seems this week USD/JPY will be at range 98-99 can not touch 100 if the unemployment claims not raise

and now its already close weekly gap, seems heading to 98 now
  • #37,117
  • Sep 22, 2013 6:12pm Sep 22, 2013 6:12pm
What do you guys think of this graph?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot6.png Size: 39 KB
  • #37,118
  • Sep 22, 2013 6:38pm Sep 22, 2013 6:38pm
I'm holding my longs @99.33. My target is 105
Money never sleeps I can hear the dollar calling me
  • #37,119
  • Sep 22, 2013 6:43pm Sep 22, 2013 6:43pm
Quoting shivam332
I'm holding my longs @99.33. My target is 105
I also holding long at 99.38 target og 102,103
  • #37,120
  • Sep 22, 2013 6:49pm Sep 22, 2013 6:49pm
Quoting umair55
{quote} I also holding long at 99.38 target og 102,103
Goodluck to us
Money never sleeps I can hear the dollar calling me
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