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USD/JPY Discussion

  • #39,621
  • Nov 19, 2013 5:47pm Nov 19, 2013 5:47pm
USD/JPY

We may see sudden drops to the 96.50 when Europe session opens
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  • #39,622
  • Nov 19, 2013 5:49pm Nov 19, 2013 5:49pm
Looking to enter short just ahead of daily pivot at around 100.33, using weekly S1 at 99.23 and S2 at 98.5 as TP targets, with SL at 100.95, 20 pips north of weekly R1. IMO, a high probability trade with desirable RR parameters.

Green pips top all!
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Pride always comes before destruction.... -Proverbs 16:18
  • #39,623
  • Nov 19, 2013 5:57pm Nov 19, 2013 5:57pm
Here we go. Let's see if Bernake pushes it one way or the other.
  • #39,624
  • Nov 19, 2013 6:39pm Nov 19, 2013 6:39pm
Should be interesting... I'm long 100.18 right now.
  • #39,625
  • Nov 19, 2013 7:22pm Nov 19, 2013 7:22pm
While Nikkei is trading above 15k no reason to worry for UJ bulls.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,626
  • Nov 19, 2013 7:31pm Nov 19, 2013 7:31pm
Quoting Darksidepip
Should be interesting... I'm long 100.18 right now.
If you want to save yourself some money and heartache wait for a pullback and then go long.
"A true speculator tries the market small." - Jesse Livermore
  • #39,627
  • Nov 19, 2013 8:02pm Nov 19, 2013 8:02pm
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...... anyone think this is likely????
  • #39,628
  • Nov 19, 2013 8:04pm Nov 19, 2013 8:04pm
Quoting samalmoore
{image} ...... anyone think this is likely????
Anythings possible but I doubt it.
"A true speculator tries the market small." - Jesse Livermore
  • #39,629
  • Nov 19, 2013 9:06pm Nov 19, 2013 9:06pm
Quoting Jgcole83
{quote} Anythings possible but I doubt it.
And I think it's gonna be a long, long time ‘til touch down brings me round again to find I'm not the man they think I am at home
Oh no, no, no, I'm a rocket man
Rocket man, burning out his fuse up here alone
  • #39,630
  • Nov 19, 2013 9:39pm Nov 19, 2013 9:39pm
Quoting iwavetrade
{quote} And I think it's gonna be a long, long time ‘til touch down brings me round again to find I'm not the man they think I am at home Oh no, no, no, I'm a rocket man Rocket man, burning out his fuse up here alone
"A true speculator tries the market small." - Jesse Livermore
  • #39,631
  • Nov 19, 2013 10:03pm Nov 19, 2013 10:03pm
sell UJ @100
That which does not kill us makes us stronger
  • #39,632
  • Nov 20, 2013 1:11am Nov 20, 2013 1:11am
Quoting samalmoore
{image} ...... anyone think this is likely????
My experience of a wedge tightening up against a resistance level is that the resistance eventually breaks.
We have been waiting a long time for a break....
Therefore a glance at the fundamentals should indicate what is likely.

Japan balance of trade is negative again, I don't have current account figures available.
The trade balance suggests that the Yen is weakening, however a lot of effort is going into US$ to keep that weak also.
The Tokyo Nikkei-225 is resting just above 15,000, so no stimulus there.

In the short term there are figures and FOMC minutes today which will cause some disturbance.
In the longer term we just wait for the resistance to fail, or some natural disaster to drive it the other way.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #39,633
  • Nov 20, 2013 1:38am Nov 20, 2013 1:38am
Interbank orders: ~$200mio in offers waiting at 100.22
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  • #39,634
  • Nov 20, 2013 2:14am Nov 20, 2013 2:14am
WTF was that on USD-JPY just now, jesus christ what the hell kind of fake out was that to downside, unreal , that just seems like manipulation
  • #39,635
  • Nov 20, 2013 2:21am Nov 20, 2013 2:21am
Quoting Ck87
WTF was that on USD-JPY just now, jesus christ what the hell kind of fake out was that to downside, unreal , that just seems like manipulation
The Japanese Pention Fund is outlining its future asset allocations right now. Every order is manipulation. JPY market is thin upon these statements.
GPIF Panel: Says foreign asset ratio should be raised.
  • #39,636
  • Nov 20, 2013 2:32am Nov 20, 2013 2:32am
Quoting Ck87
WTF was that on USD-JPY just now, jesus christ what the hell kind of fake out was that to downside, unreal , that just seems like manipulation
Also it was Europe (and London) stock exchange and bank opening. Always a possibility of a few pips movement at that time.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #39,637
  • Nov 20, 2013 2:39am Nov 20, 2013 2:39am
Quoting Ck87
WTF was that on USD-JPY just now, jesus christ what the hell kind of fake out was that to downside, unreal , that just seems like manipulation
JPY index retest of 0 level of fib drawn on the daily chart and also a retest of the utl it broke above yesterday, no manipulation, just an opportunity to buy on the bounce
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  • #39,638
  • Nov 20, 2013 2:59am Nov 20, 2013 2:59am
Deutsche bank about UJ and JPY outflows/inflows : http://stks.co/se1X
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #39,639
  • Nov 20, 2013 3:03am Nov 20, 2013 3:03am
Is this just not tradable right now? Seems out of control

Fckn dumb movements
  • #39,640
  • Nov 20, 2013 3:11am Nov 20, 2013 3:11am
I really don't get this, what the hell kind of price action is this?
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