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USD/JPY Discussion

  • #37,621
  • Oct 2, 2013 7:00am Oct 2, 2013 7:00am
Quoting Boy Wonder
97.5 perhaps.
Bias is long here, expecting equities to go up.
I have no clue what I'm talking about.
  • #37,622
  • Oct 2, 2013 7:02am Oct 2, 2013 7:02am
Quoting Boy Wonder
Seriously FF you need to stop now. You're throwing huge sums of money away. I've busted probably four accounts to get where I am, and it sounds like you're only on account number one. It takes a hell of a lot of knocks to understand how the market works. In that time, you need to slow down and reduce your position sizes to the bare minimum. But of course, most can't. Most traders aren't traders; they're impatient greedy gamblers (guilty of this myself many times). It's all "this should go up it's gone down so much" or "this should go down it's...

This is a continuation of yesterday in the sense that when i trade on my demo account sure i can go into the red big time but i don't care cos it's not real money but the thing is somehow i always make it back. I just found out that the trade on demo which i left open for a few months cos it was in the red actually hit tp.

Honestly i somehow seem to make more money on demo vs real.
  • #37,623
  • Oct 2, 2013 7:07am Oct 2, 2013 7:07am

  1. Sep 27, 2013 1:57pm

Quoting Fx-gtg
it should go to 96.95.
we are pretty close to target 1.
  • #37,624
  • Oct 2, 2013 7:33am Oct 2, 2013 7:33am
ADP created another hole in the sinking boat.....

UJ96 is near.
  • #37,625
  • Oct 2, 2013 7:35am Oct 2, 2013 7:35am
Obama flies to Asia this Saturday so before Obama departs or while he is abroad you will need to expect a stronger dollar. He needs to show Asian leaders that the US economy is still strong and markets are still safe. I expect the dollar to rebound right before he flies out of the US.
  • #37,626
  • Oct 2, 2013 7:47am Oct 2, 2013 7:47am
Quoting stylinex
Obama flies to Asia this Saturday so before Obama departs or while he is abroad you will need to expect a stronger dollar. He needs to show Asian leaders that the US economy is still strong and markets are still safe. I expect the dollar to rebound right before he flies out of the US.
I think this is a very valid reason. Having said that, I wonder if he can reopen the government before take off.
  • #37,627
  • Oct 2, 2013 8:18am Oct 2, 2013 8:18am
long at 97.7, will it go below 96.5?
  • #37,628
  • Oct 2, 2013 9:02am Oct 2, 2013 9:02am
Quoting mademoiselle
long at 97.7, will it go below 96.5?
200dma is at 96.5 and rising (slowly of course), I was thinking they'd juice it a bit here before dropping onto the 200 although it looks like I was wrong on that
I have no clue what I'm talking about.
  • #37,629
  • Oct 2, 2013 9:13am Oct 2, 2013 9:13am
Quoting mademoiselle
long at 97.7, will it go below 96.5?

Why everybody here long UJ as you see still going down
  • #37,630
  • Oct 2, 2013 9:52am Oct 2, 2013 9:52am
Quoting mademoiselle
long at 97.7, will it go below 96.5?
i am with u i thnk it will go up but didnt know time frame
  • #37,631
  • Oct 2, 2013 9:55am Oct 2, 2013 9:55am
Quoting nisack
{quote} I think this is a very valid reason. Having said that, I wonder if he can reopen the government before take off.
My guess is Thursday or Friday we stabilize or bounce. Gains are either made before he departs or while he is abroad.
  • #37,632
  • Oct 2, 2013 9:56am Oct 2, 2013 9:56am
Is there anyone know what will Bernanke say today?
  • #37,633
  • Oct 2, 2013 10:58am Oct 2, 2013 10:58am
Quoting FxSaint
I am going long at this point, lets see if it gets some where & give me profit.... {image}
Frankly UsdJpy was expected to visit 97.80- 98.00 handle & that USD red box news has ruined everything..... EurJpy, hit SL +2 pips (hit SL & moved 2 pips lower) & rised 50++ pips from my entry.... CadJpy still hanging there but not much hope with it now, will close later today if doesnt hit TP or SL, by the way SL is moved to BE..... AudUsd... trailing the profit & NzdUsd, pick of the lot hit TP

Over all equity climbed up (very less profit) to make the effort of the day worth it.

Thats why I insist, trade management is what will make difference end of the day, nothing more or nothing less!
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Risk / Trade Management is the name of the Game
  • #37,634
  • Oct 2, 2013 11:15am Oct 2, 2013 11:15am
I think we may have hit bottom earlier on today at 97.13

US needs cash now pretty badly so while Obama is abroad that USD has to look good to sell them Asians in Asia US Treasuries,Bonds,CD's and what ever else they prepared for Obama to sell them on this trip abroad. My guess is the USD sees a strong bounce from today's lows. My $.02...
  • #37,635
  • Oct 2, 2013 11:55am Oct 2, 2013 11:55am
Looks like the invisible hand is at it now (QE 3 cash) being used to lift stock index in US and prop up USD
  • #37,636
  • Oct 2, 2013 12:30pm Oct 2, 2013 12:30pm
Another good rally to fade. Might make it to 97.65. I'm loving these little rallies. Like I said, they only add fuel to the bigger move.
  • #37,637
  • Oct 2, 2013 12:48pm Oct 2, 2013 12:48pm
Quoting stylinex
I think we may have hit bottom earlier on today at 97.13 US needs cash now pretty badly so while Obama is abroad that USD has to look good to sell them Asians in Asia US Treasuries,Bonds,CD's and what ever else they prepared for Obama to sell them on this trip abroad. My guess is the USD sees a strong bounce from today's lows. My $.02...
Obama has cancelled some of his foreign visits, maybe all of them. Anybody know for sure...?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #37,638
  • Oct 2, 2013 1:43pm Oct 2, 2013 1:43pm
out of the triangle. fake or real breakdown?
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #37,639
  • Oct 2, 2013 2:24pm Oct 2, 2013 2:24pm
Quoting vericha
Is there anyone know what will Bernanke say today?


FED: Bernanke's remarks at community banking conf are not on mon-policy. He
welcomes participants, says Fed understands the challenges, and research is
important to understanding the future of community banks. Also notes
"frustratingly slow" econ recovery, which is challenge to small banks.
  • #37,640
  • Oct 2, 2013 2:41pm Oct 2, 2013 2:41pm
the gap is filled and retraced and usd/jpy meets its destiny ?
A trade should be based on an assumption based on facts
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