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USD/JPY Discussion

  • #39,041
  • Nov 8, 2013 5:01am Nov 8, 2013 5:01am
Quoting kweiss10
{quote} Do you know something others don't? I think you are Abe the PM of Japan and are hanging around in FF trying to mislead us or give us a hint.
I think he is short, and has realised that the trend is long, and that when US tapering kicks-in we will see 100+

Abe-san and Kuroda-san have worked hard to get UJ up to where it is, and they certainly don't want it back at the 75 level.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #39,042
  • Nov 8, 2013 5:01am Nov 8, 2013 5:01am
Is this thing even a buy if the NFP is very good?

If the print is 200k+ and stocks crash will this go up?
Twitter: @TrendersGame
  • #39,043
  • Nov 8, 2013 5:04am Nov 8, 2013 5:04am
Why would stocks crash on a 200k print?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #39,044
  • Nov 8, 2013 5:13am Nov 8, 2013 5:13am
Quoting Exodus
{quote} I think he is short, and has realised that the trend is long, and that when US tapering kicks-in we will see 100+ Abe-san and Kuroda-san have worked hard to get UJ up to where it is, and they certainly don't want it back at the 75 level.

Couldn't agree more. This argument is stronger than any TA. This is not a guarantee that it will go to 120, but under 80? Only in a case in which Abe would suddenly announce on TV that he wants much stronger yen and a rate around 40 for dollar..just for fun, to see the reaction in the world and markets.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,045
  • Nov 8, 2013 5:21am Nov 8, 2013 5:21am
Quoting Exodus
Why would stocks crash on a 200k print?


Tapering would be priced in for december
Twitter: @TrendersGame
  • #39,046
  • Nov 8, 2013 6:44am Nov 8, 2013 6:44am
Quoting Citiboy
{quote} Tapering would be priced in for december
i hate this accept this fact but i have the same feeling. however i am long too, very unwise?
  • #39,047
  • Nov 8, 2013 6:48am Nov 8, 2013 6:48am
Ultimately USD longs will still revail if the number is very good.

However the number being very good would likely create a risk off situation. So maybe you are better off aligning risk trends and the FX fundamentals. So maybe shorting AUDUSD?

The positioning is already so short JPY that I wouldnt want to be long usdjpy if there is a serious bout of risk off fueled by tapering.
Twitter: @TrendersGame
  • #39,048
  • Nov 8, 2013 7:08am Nov 8, 2013 7:08am
UJ is definitely a pair that can go one direction a lot of pips and stay there for a long time without retracing, unlike EU and GU.
  • #39,049
  • Nov 8, 2013 7:32am Nov 8, 2013 7:32am
....now wait to see if stocks crash....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #39,050
  • Nov 8, 2013 7:39am Nov 8, 2013 7:39am
it's climbing back up again but once bitten twice shy even if it shoots up beyond 99 it's going to fall fast so those get ready to close your longs and put in your shorts.
  • #39,051
  • Nov 8, 2013 7:41am Nov 8, 2013 7:41am
Quoting forex_fairy
it's climbing back up again but once bitten twice shy even if it shoots up beyond 99 it's going to fall fast so those get ready to close your longs and put in your shorts.

Stop losses in place
  • #39,052
  • Nov 8, 2013 7:41am Nov 8, 2013 7:41am
Jesus christ i saw an alert on my cell it touched 98.8 and checked on mt4 and saw it was around 98.7 region but it had indeed crossed the 98.8 mark but turns out that was just a minute candle the damn thing fell down fast leaving a huge wick.
  • #39,053
  • Nov 8, 2013 7:43am Nov 8, 2013 7:43am
Omg, wanted to have few days break after that terrible whipsaw yesterday and PA is runnig away without me. Hope you guys caught it.
"I know one thing, that I know nothing." Sokrates
  • #39,054
  • Nov 8, 2013 7:45am Nov 8, 2013 7:45am
Quoting Tom_D_Trader
Omg, wanted to have few days break after that terrible whipsaw yesterday and PA is runnig away without me. Hope you guys caught it.

It happens... but there's always opportunities in the future. It's all about being patient.
  • #39,055
  • Nov 8, 2013 7:45am Nov 8, 2013 7:45am
Quoting Tom_D_Trader
Omg, wanted to have few days break after that terrible whipsaw yesterday and PA is runnig away without me. Hope you guys caught it.

Sure some ppl caught it but they probably lost when it shot downwards yesterday. If anyone can play this pair to perfection catching all the moves he deserves to be a certified fortune teller able to predict the future.
  • #39,056
  • Nov 8, 2013 7:45am Nov 8, 2013 7:45am
surprised its not moving more on these numbers honestly
Twitter: @TrendersGame
  • #39,057
  • Nov 8, 2013 7:48am Nov 8, 2013 7:48am
Quoting forex_fairy
{quote} Sure some ppl caught it but they probably lost when it shot downwards yesterday. If anyone can play this pair to perfection catching all the moves he deserves to be a certified fortune teller able to predict the future.
Till Yesterday, I had 98,14, 98,2 - 98,4. Lost it all, whole week of watching charts and loading . Now I got just little 98,7. Miserable.
"I know one thing, that I know nothing." Sokrates
  • #39,058
  • Nov 8, 2013 7:49am Nov 8, 2013 7:49am
Wow, this is a tough market. Trading is always difficult but the last couple of days have taken it to another level.
I have no clue what I'm talking about.
  • #39,059
  • Nov 8, 2013 7:50am Nov 8, 2013 7:50am
Wish i didn't believe my dad when i was younger telling me that palm reading, crystal ball peering was just silly superstition cos you certainly need that trading this pair right now. No point using all those MACD, moving averages and reading the news BS you need a crystal ball or a pool of blood to look into.
  • #39,060
  • Nov 8, 2013 7:50am Nov 8, 2013 7:50am
Quoting forex_fairy
it's climbing back up again but once bitten twice shy even if it shoots up beyond 99 it's going to fall fast so those get ready to close your longs and put in your shorts.

I think it might get pass that in my view....
Sincerely Yours Cheers!
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