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USD/JPY Discussion

  • #38,341
  • Oct 19, 2013 7:55am Oct 19, 2013 7:55am
I alawalys interested in options as wel, but to my understanding they don't require a minimum capital to start for cash account, but there is $2000 required to use/keep a margin account. And I'm not sure about the patter day trading rule where you need to keep 25k in order to day trade like stocks.
$2000 for my is too big atm . The good thing about forex is you can enter with any amount you want.
There is no good way to learn them as well. Most demo/paper money accounts have delayed data (20 min) which is useless, that's a significant drawback otherwise i'd be demo trading options. I only know the big brokers that offer options like TD Ameritrade, OptionsExprss, OptionsHouse,Trademonster, etrade etc...
  • #38,342
  • Oct 19, 2013 10:45am Oct 19, 2013 10:45am
USD/JPY

how do you make money with this boring pair?
  • #38,343
  • Oct 19, 2013 11:12am Oct 19, 2013 11:12am
Quoting Vitez
USD/JPY how do you make money with this boring pair?

why do you say it is boring?

Olu
If you think you can or cannot do it you are correct
  • #38,344
  • Oct 19, 2013 1:26pm Oct 19, 2013 1:26pm
hello US/JPY

Got some longs taking swimming lessons
so any move up is great for me.
I short EUR/YEN when US/JPY takes a we dive.

The EUR/YEN must take a dump soon, thought at least 130
at the moment short 134 TP 130

The big question for me,will we see US/JPY 103 to 105
before end off year.

So what about the EUR/YEN

Any ideas on this:nerd:
  • #38,345
  • Oct 19, 2013 4:12pm Oct 19, 2013 4:12pm
Quoting Olu
{quote} why do you say it is boring? Olu
low volatility
  • #38,346
  • Oct 19, 2013 4:16pm Oct 19, 2013 4:16pm
Quoting eliteincome
hello US/JPY Got some longs taking swimming lessons so any move up is great for me. I short EUR/YEN when US/JPY takes a we dive. The EUR/YEN must take a dump soon, thought at least 130 at the moment short 134 TP 130 The big question for me,will we see US/JPY 103 to 105 before end off year. So what about the EUR/YEN Any ideas on this:nerd:

If you follow both charts you will see that they are positive correlated! If one rise the other rise too! So if you think or preview that usd/jpy will reach 103-105 by end of year...then eurjpy will rise too!
  • #38,347
  • Oct 20, 2013 12:44am Oct 20, 2013 12:44am
Quoting eliteincome
hello US/JPY Got some longs taking swimming lessons so any move up is great for me. I short EUR/YEN when US/JPY takes a we dive. The EUR/YEN must take a dump soon, thought at least 130 at the moment short 134 TP 130 The big question for me,will we see US/JPY 103 to 105 before end off year. So what about the EUR/YEN Any ideas on this:nerd:

Where did you enter long in UJ? Whats your SL?
  • #38,348
  • Oct 20, 2013 7:21am Oct 20, 2013 7:21am
Quoting Vitez
USD/JPY how do you make money with this boring pair?
You wait for all the TF's to line up the same direction, make your trade , and then you wait some more................LOL
The More You Learn, The More You Earn.....
  • #38,349
  • Oct 20, 2013 7:39am Oct 20, 2013 7:39am
Quoting kweiss10
{quote} where did you enter long in uj? Whats your sl?
if u allow me answer; sl: 9350
  • #38,350
  • Oct 20, 2013 8:59am Oct 20, 2013 8:59am
Hi guys nice to meet you all...
just want to share anyone short? Im shorting UJ to 95.500
Think out of the box........
  • #38,351
  • Edited 9:30am Oct 20, 2013 9:06am | Edited 9:30am
Quoting Vitez
{quote} low volatility
Tomorrow: USD / JPY will slow down the momentum and resilience as:



I saw the chart above on Japan’s balance sheet compared to the Fed and ECB in a research report from J.P. Morgan Securities last week (their October 11th Global Data Watch). One segment of the line on the chart shows what Japan has already committed to, and another segment showing where its balance sheet might go (“contingent”) if inflation expectations do not rise to the government’s 2% target in time. Japan’s planned massive increase in Central Bank holdings of government bonds looked huge and almost unnatural, like a picture I saw this week of a giant 20-foot oarfish discovered off Catalina Island. But this is exactly what Japan plans to do: liquefy the Japanese economy to the point where inflation expectations rise, and where owners of Japanese government bonds decide that real yields are so low that they either (a) buy riskier domestic assets, or (b) any foreign asset, which would weaken the Yen and presumably contribute to an export-led recovery. To propel more of (a), Japan is considering the creation of new investment accounts which allow citizens to contribute money whose subsequent gains are untaxed, but only if they are invested in equities (not bonds, or gold). Amazing.

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  • #38,352
  • Oct 20, 2013 12:09pm Oct 20, 2013 12:09pm
What is that some sort of eel?
  • #38,353
  • Oct 20, 2013 12:22pm Oct 20, 2013 12:22pm
Looks like Euro may make a crack at 1.40 and YEN a crack at 95-95.5. After that things reverse. Let us see what happens on Monday. Best to wait till late Wed. Or Thursday to trade again just like this last week.
  • #38,354
  • Oct 20, 2013 12:43pm Oct 20, 2013 12:43pm
Quoting stylinex
Looks like Euro may make a crack at 1.40 and YEN a crack at 95-95.5. After that things reverse. Let us see what happens on Monday. Best to wait till late Wed. Or Thursday to trade again just like this last week.
When what thing reverse?
  • #38,355
  • Oct 20, 2013 2:18pm Oct 20, 2013 2:18pm
Market opened without any gap
  • #38,356
  • Oct 20, 2013 2:30pm Oct 20, 2013 2:30pm
Quoting stylinex
{quote} Option prices depreciate very quickly and they have expiration dates. As they get closer to expiration their value depreciates. Options works great for those who know what they are doing otherwise your account gets cleaned out very quickly. I would try an option account for 6 months and try your plays for 6 months. If you can come out positive after 6 months of your trading with fake money then you can try an account with real money. The reason I tell you this is because I learned the hard way before and blew my options account with very...


I only sell options, and you just summed it up exactly. As time passes and the value depreciates, you, the seller of those options make money. When the option expires OTM, or worthless you have locked in your predetermined maximum profit.

Your analogy about “betting against the casino” is sort of right, if you were a buyer of options. As the seller, you are the casino in some regards.

Believe it or not, and I think you will have a hard time believing this, unfortunately, there is more risk going short/long the spot market then there is going short (selling) options.

As for the minimal capital requirement, most brokers that allow selling of options require at least 10,000 USD or equivalent.
  • #38,357
  • Oct 20, 2013 3:14pm Oct 20, 2013 3:14pm
Quoting iahmedz
Market opened without any gap
not all open yet. just wait for it. a few more hours
  • #38,358
  • Oct 20, 2013 3:18pm Oct 20, 2013 3:18pm
Quoting kweiss10
{quote} not all open yet. just wait for it. a few more hours
you mean minutes !
Get Rich or Die Tryin
  • #38,359
  • Oct 20, 2013 3:48pm Oct 20, 2013 3:48pm
97.829 currently so far so good
  • #38,360
  • Edited 7:38pm Oct 20, 2013 6:41pm | Edited 7:38pm
Not the best day to trade but if i must then it will be a short.
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