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USD/JPY Discussion

  • #39,401
  • Nov 14, 2013 10:09am Nov 14, 2013 10:09am
4 hour on trend sell zone, took a small short - 5 min is choppy atm!
Do what's right for you
  • #39,402
  • Nov 14, 2013 10:42am Nov 14, 2013 10:42am
shorted from 100 several times.all taken off the table
  • #39,403
  • Nov 14, 2013 10:45am Nov 14, 2013 10:45am
  •  Ym11
  • | Joined Nov 2013 | Status: Trader | 2 Posts | Online Now
I prefer long USD/JPY since the japan's gross domestic product data just released. In addition, MACD signal also shows in bullish.
  • #39,404
  • Nov 14, 2013 10:58am Nov 14, 2013 10:58am
Quoting Ym11
I prefer long USD/JPY since the japan's gross domestic product data just released. In addition, MACD signal also shows in bullish.
MACD quite bullish now.
  • #39,405
  • Nov 14, 2013 11:05am Nov 14, 2013 11:05am
lets see how long this hangs 99.90-100.00
  • #39,406
  • Nov 14, 2013 11:11am Nov 14, 2013 11:11am
Survived Yellen above 99.80 so half of longs reopened 15 pips below where I closed
demand zone gradually till 98.8 if we go further down
  • #39,407
  • Nov 14, 2013 11:36am Nov 14, 2013 11:36am
did everyone fall asleep or what? suddenly no movement at all with UJ
  • #39,408
  • Nov 14, 2013 11:50am Nov 14, 2013 11:50am
Quoting kweiss10
did everyone fall asleep or what? suddenly no movement at all with UJ
....you got an Oribble and Awful account too then?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #39,409
  • Nov 14, 2013 11:52am Nov 14, 2013 11:52am
Quoting Exodus
{quote} ....you got an Oribble and Awful account too then?
sort of. shorted too early
  • #39,410
  • Nov 14, 2013 12:09pm Nov 14, 2013 12:09pm
I'm still short against 100.60.
  • #39,411
  • Nov 14, 2013 12:23pm Nov 14, 2013 12:23pm
The stall at 100 was well-priced in for this week, I’m more surprised it printed 100 at all; it took out some serious OTC DNT options without any follow-through, looks like the market wanted to shake those out, in the short term probably good for the longs.

The risk now is not for the shorts, but for everyone who just recently went long and can’t withstand much of a drawdown, which can create a violent reversal back to the 99-98 zone.

The Nikkei is set to open higher based on the futures, breaking resistance and setting a new multi-month high. Let’s see tonight if this event is bought or sold aggressively.
  • #39,412
  • Nov 14, 2013 12:58pm Nov 14, 2013 12:58pm
Quoting seandean
The stall at 100 was well-priced in for this week, I’m more surprised it printed 100 at all; it took out some serious OTC DNT options without any follow-through, looks like the market wanted to shake those out, in the short term probably good for the longs. The risk now is not for the shorts, but for everyone who just recently went long and can’t withstand much of a drawdown, which can create a violent reversal back to the 99-98 zone. The Nikkei is set to open higher based on the futures, breaking resistance and setting a new multi-month high. Let’s...
There is more risk for the sellers. Unless you're playing small price movements. This has resumed it's uptrend and there's a ton of upside potential.
"A true speculator tries the market small." - Jesse Livermore
  • #39,413
  • Nov 14, 2013 1:05pm Nov 14, 2013 1:05pm
100 is now officially broken and should turn into support. next stop 100.6.
No guts, no glory
  • #39,414
  • Nov 14, 2013 1:06pm Nov 14, 2013 1:06pm
  •  Ym11
  • | Joined Nov 2013 | Status: Trader | 2 Posts | Online Now
Agree with JG's opinion.
  • #39,415
  • Nov 14, 2013 1:15pm Nov 14, 2013 1:15pm
Quoting Jgcole83
{quote} There is more risk for the sellers. Unless you're playing small price movements. This has resumed it's uptrend and there's a ton of upside potential.



The level of risk to the long and short side is debatable, but the trend you’re referring to (1-year timeframe) has not resumed until we pass 103.72, just passing 100 after such a long time trading below needs to be taken into context, yes, it’s a round number that’s psychological, but it’s still approximately 375 pips away from the previous year, and multi-year high.

We have traded above 100 before for a period of time, only to sink right down to the mid-96s.
  • #39,416
  • Nov 14, 2013 1:34pm Nov 14, 2013 1:34pm
Quoting seandean
{quote} The level of risk to the long and short side is debatable, but the trend you’re referring to (1-year timeframe) has not resumed until we pass 103.72, just passing 100 after such a long time trading below needs to be taken into context, yes, it’s a round number that’s psychological, but it’s still approximately 375 pips away from the previous year, and multi-year high. We have traded above 100 before for a period of time, only to sink right down to the mid-96s.
Well, to each his own. Good luck.
"A true speculator tries the market small." - Jesse Livermore
  • #39,417
  • Nov 14, 2013 1:45pm Nov 14, 2013 1:45pm
Quoting Jgcole83
{quote} Well, to each his own. Good luck.



I don’t need luck; the trade I’m in, which I posted here in my last “trade post” basically will retain its current maximal profit as long as we don’t start trading at approximately 103.5 or 94.00 between now and January 3, 2014.

My comments without posted trades are merely forecasts or trade ideas; this should really be the standard for anyone posting here, let’s see your entry and exits and judge your abilities based on that.
  • #39,418
  • Nov 14, 2013 2:10pm Nov 14, 2013 2:10pm
Quoting seandean
{quote} I don’t need luck; the trade I’m in, which I posted here in my last “trade post” basically will retain its current maximal profit as long as we don’t start trading at approximately 103.5 or 94.00 between now and January 3, 2014. My comments without posted trades are merely forecasts or trade ideas; this should really be the standard for anyone posting here, let’s see your entry and exits and judge your abilities based on that.
I deleted my previous post because I'm not here to get into a pissing match with anyone. I'm just offering my opinion as a trader.
"A true speculator tries the market small." - Jesse Livermore
  • #39,419
  • Nov 14, 2013 2:33pm Nov 14, 2013 2:33pm
I short at 100.10
  • #39,420
  • Nov 14, 2013 3:06pm Nov 14, 2013 3:06pm
For the last 3 hours bears couldnt close below 100. Bulls are in control.
No guts, no glory
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