Disliked{quote} Japanese will milk this up this morning first then it should head back down.Ignored
- #41,561
- Jan 13, 2014 4:48pm Jan 13, 2014 4:48pm
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #41,564
- Jan 13, 2014 6:22pm Jan 13, 2014 6:22pm
- | Joined Feb 2012 | Status: Trader | 1,332 Posts
I have no clue what I'm talking about.
I am not certain that the sentiment has already changed...at least to the outright negative.
There is a growing uncertainty that Abe and Kuroda will be able to pull of the final leg of their plan by convincing Japanese corporations to open their war chests and pay their employees more.
So sentiment has come into question, which has been a change enough. However, keep in mind that opens the door for more BoJ jawboning over the coming few weeks. Volatility is going to be the order of the day until sentiment on U/J does indeed turn definitely negative.
There is a growing uncertainty that Abe and Kuroda will be able to pull of the final leg of their plan by convincing Japanese corporations to open their war chests and pay their employees more.
So sentiment has come into question, which has been a change enough. However, keep in mind that opens the door for more BoJ jawboning over the coming few weeks. Volatility is going to be the order of the day until sentiment on U/J does indeed turn definitely negative.
- #41,566
- Jan 13, 2014 6:38pm Jan 13, 2014 6:38pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
Hello traders,
I am new to this USD/JPY thread, but not new to The Factory or to trading. In fact, I am coming from Geppy's Geppy thread, where I have previously spent most of my time.
Geppy is just about the toughest pair there is to trade, and so I expect trading UJ should be a little bit easier.
Instead of trading GBP/JPY exclusively (as I had done before), I am thinking of trading USD/JPY exclusively... because my broker for binary options offers UJ every hour whereas for GJ it's every 4 hours.
...And more options expirations = more $$$
$$$
And so I am wondering, is this still an active UJ thread? I am looking to contribute to the MOST active thread. If this is it, I'd like to introduce myself to y'all and you can expect to see a lot more of me from now on.
I am new to this USD/JPY thread, but not new to The Factory or to trading. In fact, I am coming from Geppy's Geppy thread, where I have previously spent most of my time.
Geppy is just about the toughest pair there is to trade, and so I expect trading UJ should be a little bit easier.
Instead of trading GBP/JPY exclusively (as I had done before), I am thinking of trading USD/JPY exclusively... because my broker for binary options offers UJ every hour whereas for GJ it's every 4 hours.
...And more options expirations = more $$$
$$$And so I am wondering, is this still an active UJ thread? I am looking to contribute to the MOST active thread. If this is it, I'd like to introduce myself to y'all and you can expect to see a lot more of me from now on.
Please check out my blog at https://from-zero-to-hero . net
- #41,567
- Jan 13, 2014 6:57pm Jan 13, 2014 6:57pm
- | Joined Feb 2012 | Status: Trader | 1,332 Posts
I have no clue what I'm talking about.
- #41,568
- Edited 7:30pm Jan 13, 2014 7:13pm | Edited 7:30pm
- Joined Jul 2011 | Status: Winning | 1,859 Posts
Please check out my blog at https://from-zero-to-hero . net
- #41,571
- Jan 13, 2014 8:01pm Jan 13, 2014 8:01pm
- | Additional Username | Joined Mar 2012 | 2,539 Posts
When the Joker is in the deck.. fear not and play it well
- #41,572
- Jan 13, 2014 8:14pm Jan 13, 2014 8:14pm
- | Additional Username | Joined Mar 2012 | 2,539 Posts
When the Joker is in the deck.. fear not and play it well
It is also helpful to remember that a major part of the move down was driven by the major drop in G/J over the last 24 hours, due to the announcement that the UK has essentially underwritten all Scottish debt.
There was incredibly heavy selling in G/J because of that fact.
Now, the market has absorbed that idea, as well as the possibility that the US jobs numbers were indeed a one-off event.
Given those two driving factors, it may be actually likely that the U/J would continue higher from here. US stocks have had their "correction," so the major players are going to come in and sweep up these cheaper paper assets, especially after US retail sales come in much, much stronger than expected tomorrow US time.
The bullish sentiment means only one thing: Happy Days Are Here Again (until they're not, of course...) and we may even be on our way to a blow-off parabolic top in US equities, which could carry the U/J to 110.
Just food for thought...
There was incredibly heavy selling in G/J because of that fact.
Now, the market has absorbed that idea, as well as the possibility that the US jobs numbers were indeed a one-off event.
Given those two driving factors, it may be actually likely that the U/J would continue higher from here. US stocks have had their "correction," so the major players are going to come in and sweep up these cheaper paper assets, especially after US retail sales come in much, much stronger than expected tomorrow US time.
The bullish sentiment means only one thing: Happy Days Are Here Again (until they're not, of course...) and we may even be on our way to a blow-off parabolic top in US equities, which could carry the U/J to 110.
Just food for thought...
- #41,574
- Jan 13, 2014 9:21pm Jan 13, 2014 9:21pm
- | Joined Feb 2012 | Status: Trader | 1,332 Posts
I have no clue what I'm talking about.
- #41,575
- Jan 13, 2014 9:38pm Jan 13, 2014 9:38pm
- | Commercial User | Joined Sep 2010 | 1,472 Posts
{quote} It's against what most people seem to expect, I'll give you that. Sentiment....such a tricky thing to nail down.
Just stating that since sentiment has been 'up', that sell-stop levels are more prominent bc more traders need to exit their Usd/Jpy longs.I see sentiment as a TV show. There's the main theme going on, but side-stories that fluctuate. Always going back to the main underlying plot though.
- #41,578
- Jan 14, 2014 12:01am Jan 14, 2014 12:01am
- | Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts
You cannot learn better without losing
- #41,580
- Jan 14, 2014 12:18am Jan 14, 2014 12:18am
- | Joined Aug 2009 | Status: Membership Revokеd | 4,396 Posts
You cannot learn better without losing