USD/JPY Discussion

got a reversal signal, 104.15 is possible

I think we go there first and then reverse back down again. Short term trend is bullish on the YEN with long term negative. I reckon the bounces up could be sold.

there was little rejection at the H4 200sma and 103xx level looking for downward continuation - stochastic D1 still bearish


edit: USDJPY – Intraday sell stops at 103.25 from recent bulls buying the drop.

boy am I glad I left my shorts on over the weekend

i'm out now...waiting for a long opportunity

Gidday US/JPY

Went long an closed it

chickened out.

Got longs under water now

In no hurry to lose money

Yeah it could zoom up again

Grasshoppers must have been on the curry last night

New Positions:

BOT 1 JAN10 0.00965 Put Fut. Option (6J2) 0.0000290 [PARTIAL CLOSED/ROLLED AS PER BELOW]
SLD 1 JAN17 0.00965 Put Fut. Option (6J3) 0.0000630
BOT 1 JPY MAR14 Futures 0.009650 [ASSIGNED AS PER BELOW]
SLD 2 MAR07 0.0102 Call Fut. Option (6J) 0.0000190
SLD 2 MAR07 0.0093 Put Fut. Option (6J) 0.0000210

Existing Positions:

SLD 2 FEB07 0.0092 Put Fut. Option (6J) 0.0000190
SLD 2 FEB07 0.0101 Call Fut. Option (6J) 0.0000200
SLD 1 JPY MAR14 Futures 0.009660 [ASSIGNED AS PER ABOVE]
SLD 2 JAN10 0.00965 Put Fut. Option (6J2) 0.0001170 [PARTIAL ASSIGNMENT & CLOSED/ROLLED AS PER ABOVE]
SLD 2 JAN10 0.00985 Call Fut. Option (6J2) 0.0000040 [EXPIRED OTM]

Position Summary:

My existing position in the FEB07 series remains untouched.

The new MAR07 position is my standard monthly trade, in this case with its expiry in March. Each side, at the time of the trade has or had an approximately 10% chance of expiring ITM.

The JAN10 option series is where most of the action happened on Friday. To start, the CALLs expired OTM. The PUT options however were still ITM, but much less because of price action resulting from the NFP result.

I decided to do the following, again, adding no additional risk to the account and making yet another profit. I bought back one of the two PUTs and rolled it out another week, collecting an additional 340 points of premium.

The second PUT expired ITM, I was assigned a long future at 0.009650 however this was offset by the fact I had previously shorted the future at 0.009660. I’m now flat the future, collected 10 points on it plus all the option PUT premium.

As of this post, the single JAN17 PUT option is now OTM, I haven’t decided if I will hedge it off with a short future or see if we can get it to expire OTM this Friday. The Yen is definitely a lot stronger over the past two days; this might be the correction many have been calling overdue.

downtrend week

I dont see the respect of the markets in this thread, must not be full lots or real money traded because you all are throwing numbers around like its basket ball score numbers you talking about.

People trading news , trading NFP. If the proffessionals try and stay away from news trading what makes you think home retailers can consistently make money during this high volatility. Definitely a lot of demos throwing numbers around cuz theres no way I believe a regular will put 2-3 lots in a news trade and be comfortable risking it. That is account destruction slowly. Surprised no one is calling anybody out and letting new guys pick up this bad habit.

you make a fair point mr quads...

You get that A LOT on FF. Many of the real traders left.

How convenient.

... there was never any real traders here, maybe not like you imagine them, mupets showing dirty charts are welcome to stay away and noobs havent yet completed a year in FF and having >1000 posts are a distraction too.

What are you talking about? There were quite a few real traders that gave real analysis. Please don't try and assume what I meant. There are plenty of distractions, and if you read what I wrote then you would acknowledge that I said that.

Time on FF or # of posts do not equate to knowledge.

well, you are definetly not the one who contributes to the overall knowledge, I am yet to see a any chart posted by you, only ramblings. Anyway, there was only one person who was a great chartist, all others - just posting trash or indicator pivot points, whatever redundant shite they can find on the web. I dont think 99percent sit at the charts at weekends preparing for a week ahead and planning their moves - just read what they shitty indicators point them. Good thing is such posts help increase an ignore list which I am about to modify

Dude, feel free to go through my attachments. They speak for themselves. It is not my job to post on FF. I'm already employed and don't need validation.

Can we just stop this madness? What's wrong with humanity nowaday...
If you guys really want to argue, PM would be nice. People are here to learn.

Hello US/JPY

Forexfactory would have the most active site,by far.

Which is great for the punters.

A forum has its ups an downs,some people who were posting heaps leave an come back.

Its not all a pile off rubbish

Every forum needs some wise owls to guide the traders

through the mine field.:nerd:

A lot of the twitter sites are dishing up piles of crap to

I Expect this Yen strength to continue or range, no news to change sentiment that's carried over from NFP Friday. No news in the Euro session either.. maybe not until US Federal Budget data later on in US session.
Volatility when Japan returns from holiday tomorrow.

Its info that's used against us retailers bc we don't know about the difference in liquidity at levels like they do on the Interbank. I'm a big fan of PipEasy's thread as well. One of my personal turning points in trading

current USD/JPY snapshot, a retrace to 104.15 is a must IMO