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USD/JPY Discussion

  • #40,421
  • Dec 12, 2013 1:28pm Dec 12, 2013 1:28pm
Quoting bikov
what a beautiful daily candle. banzai to 104 tomorrow ?
Agreed. I'd like to see this strength carry through to Tokyo and the European open.
"A true speculator tries the market small." - Jesse Livermore
  • #40,422
  • Dec 12, 2013 1:48pm Dec 12, 2013 1:48pm
Hello US/JPY

Yeah that would be good

sitting on some whoppers about to explode just under 104

Trying to be careful,as these we pulls back can be nasty

if I can just clip the ticket,before it drops a turd
  • #40,423
  • Dec 12, 2013 2:06pm Dec 12, 2013 2:06pm
Quoting atx_sonu
Triple Top then down????
thats a real possibility looking at the charts I'm not loving bull side right now even with that daily candle
  • #40,424
  • Dec 12, 2013 2:18pm Dec 12, 2013 2:18pm
Have to be buying again. All timeframes green and tmrw is a Friday. I could see another good up day again tmrw.

4hr momentum just may continue marching and not pause at last week's high like it did earlier in the week.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #40,425
  • Dec 12, 2013 2:30pm Dec 12, 2013 2:30pm
Quoting zusch
Have to be buying again. All timeframes green and tmrw is a Friday. I could see another good up day again tmrw. 4hr momentum just may continue marching and not pause at last week's high like it did earlier in the week.
This thing better get above 103.726 in a hurry because if it dosent this could be the start of a massive drop I'm seeing very serious bearish signals in the RSI and this could be an extended wave 2 which could see a possible projected drop to 87.851 for wave 3 if we can get over 103.726 then this could be the start of a wave 3 move to 120.859 this is critical point for USD/JPY it needs to get over 103.726 FAST or this could get extremely ugly for bulls. The question is if it drops can BOJ add to an already outrageous outlandish stimulus package to protect against it
  • #40,426
  • Dec 12, 2013 2:37pm Dec 12, 2013 2:37pm
Quoting iNSIELD
{quote} This thing better get above 103.726 in a hurry because if it dosent this could be the start of a massive drop I'm seeing very serious bearish signals in the RSI and this could be an extended wave 2 which could see a possible projected drop to 87.851 for wave 3 if we can get over 103.726 then this could be the start of a wave 3 move to 120.859 this is critical point for USD/JPY it needs to get over 103.726 FAST or this could get extremely ugly for bulls. The question is if it drops can BOJ add to an already outrageous outlandish stimulus...

Honestly, I'm not very good at ell.waves theory but drop to <90 is only theoretical. Maybe there will be some TP from the massive run up here but 87 ? I think that Abe & the crew would rather make a harakiri than allowing this to drop to sub 90.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #40,427
  • Dec 12, 2013 2:40pm Dec 12, 2013 2:40pm
Quoting iNSIELD
{quote} This thing better get above 103.726 in a hurry because if it dosent this could be the start of a massive drop I'm seeing very serious bearish signals in the RSI and this could be an extended wave 2 which could see a possible projected drop to 87.851 for wave 3 if we can get over 103.726 then this could be the start of a wave 3 move to 120.859 this is critical point for USD/JPY it needs to get over 103.726 FAST or this could get extremely ugly for bulls. The question is if it drops can BOJ add to an already outrageous outlandish stimulus...
here we go
Get Rich or Die Tryin
  • #40,428
  • Dec 12, 2013 2:40pm Dec 12, 2013 2:40pm
congrats to the longs
Twitter: @TrendersGame
  • #40,429
  • Dec 12, 2013 2:42pm Dec 12, 2013 2:42pm
Yo thats more like it

I like a good spike
  • #40,430
  • Dec 12, 2013 2:44pm Dec 12, 2013 2:44pm
Quoting Citiboy
congrats to the longs
for those hoping for a pullback , if 103.50 barrier failes , I would say checkmate.
Get Rich or Die Tryin
  • #40,431
  • Dec 12, 2013 2:45pm Dec 12, 2013 2:45pm
103.8 next?
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 94 KB
  • #40,432
  • Dec 12, 2013 2:48pm Dec 12, 2013 2:48pm
Quoting Paulenok
103.8 next? {image}

I am positive we may reach 107 before new years
  • #40,433
  • Dec 12, 2013 2:48pm Dec 12, 2013 2:48pm
strange PA for this hour, wtf is up with AUD?
Twitter: @TrendersGame
  • #40,434
  • Dec 12, 2013 2:50pm Dec 12, 2013 2:50pm
Quoting Citiboy
strange PA for this hour, wtf is up with AUD?
http://www.afr.com/p/national/we_nee...AUhHTfhD13uBtO
  • #40,435
  • Dec 12, 2013 2:53pm Dec 12, 2013 2:53pm
Quoting szamoca
{quote} http://www.afr.com/p/national/we_nee...AUhHTfhD13uBtO
people tend to make things sophisticated, when u hear Glen Stevens saying RBA ''consider rate cuts'' or even better ''Aussie being overvalued'' u short the hell out of it. U don't ask questions
  • #40,436
  • Dec 12, 2013 2:57pm Dec 12, 2013 2:57pm
Quoting Citiboy
strange PA for this hour, wtf is up with AUD?
both AUD and NZD being drove down to execute sell stops under 8915,8900for AUD and 8200,8190 for NZD
Get Rich or Die Tryin
  • #40,437
  • Dec 12, 2013 3:12pm Dec 12, 2013 3:12pm
L UJ 103.52 SL 15pips
Get Rich or Die Tryin
  • #40,438
  • Dec 12, 2013 3:23pm Dec 12, 2013 3:23pm
New Positions:

SLD 1 JPY MAR14 Futures 0.009660

Existing Positions:

SLD 2 JAN03 0.00965 Put Fut. Option (6J) 0.0000200
SLD 2 JAN03 0.0106 Call Fut. Option (6J) 0.0000170
SLD 2 NOV15 0.00985 Put Fut. Option (6J3) 0.0000080 [EXPIRED OTM]
SLD 2 NOV15 0.01055 Call Fut. Option (6J3) 0.0000120 [EXPIRED OTM]

Position Summary:

My NOV15 options expired a long time ago OTM, just haven’t made any trades in USD/JPY (6J) since the selling of the JAN03 pair.

My new position, which is the actual future and underlying of my sold options is to hedge against the PUTs going ITM, with the eventual chance (currently about 46%) of ITM settlement on January 3rd.

This is a 50% hedge, one sold future for 2 sold PUTs. If on January 3 we are ITM I will roll out and down the single non-hedged PUT (the other expires with assignment and delivery of the long future – so I become futures flat). If they are OTM they will both expire worthless, and I will evaluate my short futures position with regards to keeping or closing it out.

This is a risk-on trade, I have unlimited upside (downside in spot terms) loss potential, at least in theory. In practicality, and in my opinion we shouldn’t see sub-100 between now and January 3.
  • #40,439
  • Dec 12, 2013 3:28pm Dec 12, 2013 3:28pm
Quoting iNSIELD
{quote} This thing better get above 103.726 in a hurry because if it dosent this could be the start of a massive drop I'm seeing very serious bearish signals in the RSI and this could be an extended wave 2 which could see a possible projected drop to 87.851 for wave 3 if we can get over 103.726 then this could be the start of a wave 3 move to 120.859 this is critical point for USD/JPY it needs to get over 103.726 FAST or this could get extremely ugly for bulls. The question is if it drops can BOJ add to an already outrageous outlandish stimulus...
H4 is long on UJ, it may take a rest but it is not turning down for long...........
The More You Learn, The More You Earn.....
  • #40,440
  • Dec 12, 2013 3:29pm Dec 12, 2013 3:29pm
Quoting Citiboy
strange PA for this hour, wtf is up with AUD?
Bathing in Shame...............
The More You Learn, The More You Earn.....
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