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  • #40,321
  • Dec 10, 2013 6:47pm Dec 10, 2013 6:47pm
Took a breakeven last night at 103.05 and now daily candle is another bearish engulf like last week. U/J 4hr trying to suck me in long again. I wish I was long this pair from better levels b/c this pair has just been so tough to add longs without going underwater for periods of time.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #40,322
  • Dec 10, 2013 6:50pm Dec 10, 2013 6:50pm
Quoting zusch
Took a breakeven last night at 103.05 and now daily candle is another bearish engulf like last week. U/J 4hr trying to suck me in long again. I wish I was long this pair from better levels b/c this pair has just been so tough to add longs without going underwater for periods of time.

Hear you on that. Gotta just wait for nice size dips and wait for a good momentum play basically. I had a good one other night, entry at 101.85 or so... they will come, you just have to be patient... but sooner or later this thing is going to break 103.50 and head to 105+ and it'll probably go up real fast to 108-110. If only we knew when
  • #40,323
  • Dec 10, 2013 7:13pm Dec 10, 2013 7:13pm
Gidday

The YEN retrace

i am guilty off over loading the YEN bus

People talking 110 etc

We need to get past 102 first

with out somebody pulling the at 103.5

tricky holding longs that are about to explode

then it retrace to nothing
  • #40,324
  • Dec 10, 2013 7:29pm Dec 10, 2013 7:29pm
Quoting eliteincome
Gidday The YEN retrace i am guilty off over loading the YEN bus People talking 110 etc We need to get past 102 first with out somebody pulling the at 103.5 tricky holding longs that are about to explode then it retrace to nothing

Yeah, would be very nice to fall down to 102 then get some momentum, would make for a nice opportunity
  • #40,325
  • Dec 10, 2013 9:29pm Dec 10, 2013 9:29pm
Took off some longs from 101.80 pre NFP at 103.30 yesterday, with today's pull back to 102.6x i added at 102.84 but I am getting a bet concerned that we haven't bounced yet. This thing usually doesn't stay down for long if its going to continue higher. Guess a range has now been set between 101.80-103.30, which seems to coincide with SPX 1780-1810.

This equities correlation is seriously a concern, also there's the ridiculously short JPY positioning. This thing could pull a clean out at any moment. My average is currently 102.62, have taken some decent profits since NFP and I am thinking that equities may pull back and take U/J down and away from that weekly resistance at 103. THat would make for an ugly weekly chart, but may send price back towards 101.20.

For now I am putting a stop below 102.50 which is last weeks weekly open, a weekly bearish engulfment candle would be nasty at these levels.
Twitter: @TrendersGame
  • #40,326
  • Dec 10, 2013 9:43pm Dec 10, 2013 9:43pm
trading desks lining up offers below 102.50. can go nasty
  • #40,327
  • Dec 10, 2013 9:52pm Dec 10, 2013 9:52pm
Nikkei's going tits up. Will it bounce at 15300?
You reap what you sow.
  • #40,328
  • Dec 10, 2013 9:52pm Dec 10, 2013 9:52pm
Quoting Citiboy
Took off some longs from 101.80 pre NFP at 103.30 yesterday, with today's pull back to 102.6x i added at 102.84 but I am getting a bet concerned that we haven't bounced yet. This thing usually doesn't stay down for long if its going to continue higher. Guess a range has now been set between 101.80-103.30, which seems to coincide with SPX 1780-1810. This equities correlation is seriously a concern, also there's the ridiculously short JPY positioning. This thing could pull a clean out at any moment. My average is currently 102.62, have taken...
For real. This action in /ES since the bell has been wild as well.

Edit: U/J looks bad. Time for another wave down.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #40,329
  • Dec 10, 2013 11:56pm Dec 10, 2013 11:56pm
Quoting zusch
{quote} For real. This action in /ES since the bell has been wild as well. Edit: U/J looks bad. Time for another wave down.
can you post your chart on why U/J looks bad?
  • #40,330
  • Dec 11, 2013 12:04am Dec 11, 2013 12:04am
103.50 Barrier Option
102.70 Large Vanilla Option
102.57-sell stops
102.50 bids, stops below

Got the info off of Darkstar's order flow feed: http://www.orderflowtrading.com/News.aspx
  • #40,331
  • Dec 11, 2013 1:26am Dec 11, 2013 1:26am
Hello US/JPY

What are these YEN Masters playing at

Load up longs an they pull the chain

very very sneaky
  • #40,332
  • Dec 11, 2013 1:27am Dec 11, 2013 1:27am
Weak Nikkei = Stronger Yen
Any thoughts?
  • #40,333
  • Dec 11, 2013 1:44am Dec 11, 2013 1:44am
Quoting atx_sonu
Weak Nikkei = Stronger Yen Any thoughts?
The two are negatively correlated. Buy equity with Currency.. Sell equity, gain currency.
  • #40,334
  • Dec 11, 2013 1:46am Dec 11, 2013 1:46am
Quoting EmeraldEyes
103.50 Barrier Option 102.70 Large Vanilla Option 102.57-sell stops 102.50 bids, stops below Got the info off of Darkstar's order flow feed: http://www.orderflowtrading.com/News.aspx
Through bids at 102.50.. more stops at 102.40
  • #40,335
  • Dec 11, 2013 1:51am Dec 11, 2013 1:51am
hmmm....long anyone?
  • #40,336
  • Dec 11, 2013 1:53am Dec 11, 2013 1:53am
Patience

UJ 4H
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4H.png Size: 28 KB
  • #40,337
  • Dec 11, 2013 2:06am Dec 11, 2013 2:06am
Hello

Yes holding longs to

the moon,some under water

I can see why traders only take shorts

in these YEN pairs
  • #40,338
  • Dec 11, 2013 3:04am Dec 11, 2013 3:04am
Quoting bikov
There will be blood - commercials and large spec. at extreme (opposite) levels : {image}
Bikov,

is this what you have predicted? UJ going south atm.
  • #40,339
  • Dec 11, 2013 3:10am Dec 11, 2013 3:10am
Quoting Jgcole83
{quote} http://www.youtube.com/watch?v=oRHCUolq2jQ

He was king and will always be missed. May he RIP.
  • #40,340
  • Dec 11, 2013 3:11am Dec 11, 2013 3:11am
Quoting Jgcole83
{quote} You must not like what the 4 hour chart has looked like for the last month. We had a pull back on 12/03 - 12/05 and now I expect it to test 103.37 and breach it. {image}
We hit it and pulled back after.
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