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USD/JPY Discussion

  • #37,641
  • Oct 2, 2013 2:44pm Oct 2, 2013 2:44pm
Possible setup forming. Just an observation.........


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  • #37,642
  • Oct 2, 2013 2:59pm Oct 2, 2013 2:59pm
Quoting enterfx
Possible setup forming. Just an observation......... {image}
hmm what are trying to point to?

here is my view.
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  • #37,643
  • Oct 2, 2013 3:08pm Oct 2, 2013 3:08pm
H1 chart - LOWER HIGHS LOWER LOWS are present
A trade should be based on an assumption based on facts
  • #37,644
  • Oct 2, 2013 4:34pm Oct 2, 2013 4:34pm
My take:
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  • #37,645
  • Oct 2, 2013 4:55pm Oct 2, 2013 4:55pm
Everyone all worked up over this gov't shutdown, speculating its effect on this and its effect on that, and looking at markets during previous shutdowns. It is somewhat interesting, but definitely not something I'd bet my money on.

The markets repeat themselves every week (so bet on what you can observe in that context), its just that they don't do it EXACTLY the same as any other time. I mean, the pattern looks different, but the spots that a market will reverse at are always the same. It gets easier to spot this with practice and time. Not that I have it perfected. Plus, there's all other types of mistakes I've made even when I did know where a market was going. But I am trading better than ever.....we'll see what happens. Anyways, just my 2 cents.
  • #37,646
  • Oct 2, 2013 6:10pm Oct 2, 2013 6:10pm
Quoting fxmasterdxb
{quote} hmm what are trying to point to? here is my view. {image}
If you draw the uptreand line from 2/25/2013, you will also see the line intersect the downtread line you are drawing. It is a big support at 96.9.
  • #37,647
  • Oct 2, 2013 6:41pm Oct 2, 2013 6:41pm
what is everyone expecting from the BOJ press conf later today???
  • #37,648
  • Oct 2, 2013 8:30pm Oct 2, 2013 8:30pm
Quoting Doboy408
what is everyone expecting from the BOJ press conf later today???
tomorrow
Bismillah
  • #37,649
  • Oct 2, 2013 8:35pm Oct 2, 2013 8:35pm
Quoting enterfx
Possible setup forming. Just an observation......... {image}

What happened now is what I tried to point out. Remains to see if it's a correction. At least a nice setup.
  • #37,650
  • Oct 2, 2013 8:40pm Oct 2, 2013 8:40pm
Quoting enterfx
{quote} What happened now is what I tried to point out. Remains to see if it's a correction. At least a nice setup.


Japanese officials announce a 3 billion dollar sale of debt today, yen weakens aggressively – I don’t know however if it will keep going or fade right back.
  • #37,651
  • Oct 2, 2013 8:50pm Oct 2, 2013 8:50pm
Japanese officials announce a 3 billion dollar sale of debt today, yen weakens aggressively – I don’t know however if it will keep going or fade right back.

Source?
  • #37,652
  • Oct 2, 2013 8:53pm Oct 2, 2013 8:53pm
Quoting skyway
{quote} went long at 97.40.
took profit and short at 97.64. good opportunity here guys.
  • #37,653
  • Oct 2, 2013 8:55pm Oct 2, 2013 8:55pm
Quoting skyway
{quote} took profit and short at 97.64. good opportunity here guys.

Nice trade Skyway
  • #37,654
  • Oct 2, 2013 8:56pm Oct 2, 2013 8:56pm
I don't know if I understand what just happened to this pair. I looked at the calendar and didn't see anything relative to this pair. What just happened? Why the spike all the sudden?

Sorry, I know it is probably a stupid question. I'm fairly new to this... well, been at it off and on again, but hopefully serious this time.

Thanks,
DD
  • #37,655
  • Oct 2, 2013 8:57pm Oct 2, 2013 8:57pm
Quoting kentashiburo
Japanese officials announce a 3 billion dollar sale of debt today, yen weakens aggressively – I don’t know however if it will keep going or fade right back. Source?



The source was Bloomberg, fairly reliable. The Nikkei had a decent spike but came all the way back down without the yen following it, so watch out.
  • #37,656
  • Oct 2, 2013 8:58pm Oct 2, 2013 8:58pm
Quoting dougdude9
I don't know if I understand what just happened to this pair. I looked at the calendar and didn't see anything relative to this pair. What just happened? Why the spike all the sudden? Sorry, I know it is probably a stupid question. I'm fairly new to this... well, been at it off and on again, but hopefully serious this time. Thanks, DD
TOKYO (Dow Jones)--Japan's Ministry of Finance said Thursday it plans to auction Y600.0 billion of 30-year government bonds on Oct. 10, 2013.
Issue 30-year govt bond
Auction Date Oct 10, 2013
Settlement Date Oct 15, 2013
Maturity Date Sep 20, 2043
Offer Amount Y600.0 Billion
-By Tokyo Bureau, Dow Jones Newswires; 813-6269-2770

(END) Dow Jones Newswires
October 02, 2013 21:30 ET (01:30 GMT)
  • #37,657
  • Oct 2, 2013 8:59pm Oct 2, 2013 8:59pm
Quote
TOKYO (Dow Jones)--Japan's Ministry of Finance said Thursday it plans to auction Y600.0 billion of 30-year government bonds on Oct. 10, 2013.
Issue 30-year govt bond
Auction Date Oct 10, 2013
Settlement Date Oct 15, 2013
Maturity Date Sep 20, 2043
Offer Amount Y600.0 Billion
-By Tokyo Bureau, Dow Jones Newswires; 813-6269-2770

(END) Dow Jones Newswires
October 02, 2013 21:30 ET (01:30 GMT)

How often does something like this happen? I usually just check the calendar on this site.

Thanks,
DD
  • #37,658
  • Oct 2, 2013 9:05pm Oct 2, 2013 9:05pm
Quoting dougdude9
I don't know if I understand what just happened to this pair. I looked at the calendar and didn't see anything relative to this pair. What just happened? Why the spike all the sudden? Sorry, I know it is probably a stupid question. I'm fairly new to this... well, been at it off and on again, but hopefully serious this time. Thanks, DD

well...all yen pairs can easily move 80+ pips up or down on any given day without anything on the calendar...so...
  • #37,659
  • Oct 2, 2013 9:07pm Oct 2, 2013 9:07pm
Quoting dougdude9
{quote} How often does something like this happen? I usually just check the calendar on this site. Thanoveks, DD
In my view there are two things you should always be mindful of:

1) If a move happens on a pair, there's always a reason for it (either you know about it or not - think sudden news, scheduled news, manipulation, whatever) - always trade what you see....

2) Each time zone (region) has their own subset of scheduled events (economical/news/etc) that are not listed by FF
need a news/event calendar provider
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  • #37,660
  • Oct 2, 2013 9:08pm Oct 2, 2013 9:08pm
Quoting kentashiburo
{quote} TOKYO (Dow Jones)--Japan's Ministry of Finance said Thursday it plans to auction Y600.0 billion of 30-year government bonds on Oct. 10, 2013. Issue 30-year govt bond Auction Date Oct 10, 2013 Settlement Date Oct 15, 2013 Maturity Date Sep 20, 2043 Offer Amount Y600.0 Billion -By Tokyo Bureau, Dow Jones Newswires; 813-6269-2770 (END) Dow Jones Newswires October 02, 2013 21:30 ET (01:30 GMT)


I guess I got half the story, which represented half the money (in dollars) involved.
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