USD/JPY Discussion | Page 1977 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #39,521
  • Nov 17, 2013 6:09pm Nov 17, 2013 6:09pm
Quoting zusch
{quote} So far the 5min price action has been good, but this entry was more of a daily entry. I see this kind of set up all the time in the stock market where you get gaps every day. Price gapped above the 38.2% daily retrace, dipped just a bit, and will hopefully take off pretty soon. If this trade works the way I think it will we will cruise right through Friday's high and once above there we could go anywhere. 100.08 is below the 3rd pink retracement line for yesterday's daily candle. {image}
Chased out at breakeven on my add. Was looking really good until this new hour opened. Still bullish overall though.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #39,522
  • Nov 17, 2013 11:52pm Nov 17, 2013 11:52pm
100 being tested.

selling eurnzd and usdjpy; buying nzdjpy. Wish me luck.
  • #39,523
  • Nov 17, 2013 11:53pm Nov 17, 2013 11:53pm
short scalping to 99.6
  • #39,524
  • Nov 17, 2013 11:56pm Nov 17, 2013 11:56pm
Large 100.0 option kicking in upon Tokyo expiration in 5 mins , more 100.0 options set to expire during NY's 10am cut today as well. Next (minor) option level for NY cut is 99.75
  • #39,525
  • Nov 18, 2013 12:24am Nov 18, 2013 12:24am
Quoting EmeraldEyes
Large 100.0 option kicking in upon Tokyo expiration in 5 mins , more 100.0 options set to expire during NY's 10am cut today as well. Next (minor) option level for NY cut is 99.75
Where are you seeing these options expirations?
  • #39,526
  • Nov 18, 2013 1:26am Nov 18, 2013 1:26am
Quoting EmeraldEyes
Large 100.0 option kicking in upon Tokyo expiration in 5 mins , more 100.0 options set to expire during NY's 10am cut today as well. Next (minor) option level for NY cut is 99.75
Mind sharing what this all could mean?
  • #39,527
  • Nov 18, 2013 1:37am Nov 18, 2013 1:37am
Quoting stylinex
{quote} Where are you seeing these options expirations?
Asian FX dealers. 100.0 is a given.. that option has been in the headlines for abt a week and reconfirmed again today. 99.75 was going around early in Asia, saw it on OrderFlowForex's News page with the 100 level.
  • #39,528
  • Nov 18, 2013 1:45am Nov 18, 2013 1:45am
Quoting kweiss10
{quote} Mind sharing what this all could mean?
They're OTC FX options from banks or banks on the behalf of large traders/corp clients. There's an incentive from both sides (writer & buyer) to push price to or from an option level bc the writer will gain a premium if option is not exercised and the buyer will execute the option when in the money before expiration. Basically options have a gravitational pull on price from the buying taking place below and selling above. This looks like a "Price Pivot Zone".. especially if price is close and expiration is near. Look at how U/J has reacted with the 100.0 level since Thursday.
  • #39,529
  • Nov 18, 2013 2:44am Nov 18, 2013 2:44am
The UJ is under 100. Any insights or views?
  • #39,530
  • Nov 18, 2013 3:00am Nov 18, 2013 3:00am
Quoting momochi
eur/jpy looks over extended and is at resistance too, where as EU is looking bullish suggesting JPY strength - edit - as well, but always hesitant to stand in the way of these fast moves. will look for some scalp short entries in the immediate but nothing to heavy.
nice start to the week =)
Do what's right for you
  • #39,531
  • Nov 18, 2013 3:11am Nov 18, 2013 3:11am
Quoting kweiss10
The UJ is under 100. Any insights or views?
not taking any new direction at the moment holding half my short from 100.32
Do what's right for you
  • #39,532
  • Nov 18, 2013 3:24am Nov 18, 2013 3:24am
Gidday US/JPY

Keep saying next time it climbs up

take some profit you Greedy Bastard

I loaded up the YEN bus again

Hell it better go up this time been waiting for a few weeks now
  • #39,533
  • Nov 18, 2013 3:27am Nov 18, 2013 3:27am
Not bad level to pick up some longs, heres my hourly chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 204 KB
Twitter: @TrendersGame
  • #39,534
  • Nov 18, 2013 3:32am Nov 18, 2013 3:32am
Get the discount under 100! Just read the options today at 100.0 are worth 1 yard!
  • #39,535
  • Nov 18, 2013 3:40am Nov 18, 2013 3:40am
In at 99.80
Twitter: @TrendersGame
  • #39,536
  • Nov 18, 2013 3:42am Nov 18, 2013 3:42am
From IFR: "Asia trades saw increased buyers of downside hedging topside longs "
  • #39,537
  • Nov 18, 2013 3:51am Nov 18, 2013 3:51am
My earlier long @ 99.25 from last week closed today @ 100 SL with 75 pips. This was 1/4 of the original position.
My net on the whole position was +85 pips (1/2 closed @ 100 + 1/4 closed at 100.40 @ the last 1/4 closed at 100.)

I believe 99.80 was not so bad for re-loading longs, but I'll wait and see what happens around 99.50 - 99.65 level.
No guts, no glory
  • #39,538
  • Nov 18, 2013 4:01am Nov 18, 2013 4:01am
closed my pre Yellen shorts. Enjoying the peace of mind of closed positions and waiting for good chance to re-enter.
  • #39,539
  • Nov 18, 2013 4:13am Nov 18, 2013 4:13am
Quoting EmeraldEyes
Get the discount under 100! Just read the options today at 100.0 are worth 1 yard!
Very large bids reported under 99.80 to keep UJ well bid today.
Attached Image
  • #39,540
  • Nov 18, 2013 4:16am Nov 18, 2013 4:16am
very hard to say where U/J is heading. I am hearing few news of middle east unrest in Libya and Syria. So, if Oil price go up, we may see a pullback in usd strength which in turn could cause u/j to fall to 99 level or below. This is just my guess as I'm not sure how the market will react to other market news which may well keep u/j above 99 level or even above 100. I have a short position in G/J so a fall in u/j will result in the money position for me in G/J. so, lets see what happens..
34 traders viewing now