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USD/JPY Discussion

  • #41,741
  • Jan 16, 2014 9:32pm Jan 16, 2014 9:32pm
Quoting Orly
Like Japanese consumer confidence, for instance?
hmm i dunno if you're joking...pardon my ignorance, i'm actually very unfamiliar with japanese news releases and the effects on market. i tend to take more macro view long term and let order flow / ta tell me the rest of the story.

i think compared to nfp, any asian side news will be drops in the bucket for now
  • #41,742
  • Jan 16, 2014 9:45pm Jan 16, 2014 9:45pm
btw........ it's interesting to note that U/J has reacted to the monthly pivots.

102.80 being the low thus far

Above lurks 106.59

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyproweekly.png Size: 36 KB
When the Joker is in the deck.. fear not and play it well
  • #41,743
  • Jan 16, 2014 10:51pm Jan 16, 2014 10:51pm
long
Attached Image
Please check out my blog at https://from-zero-to-hero . net
  • #41,744
  • Jan 16, 2014 10:53pm Jan 16, 2014 10:53pm
Quoting smash1820
long

At what price are you long, exactly ??

oh... never mind
When the Joker is in the deck.. fear not and play it well
  • #41,745
  • Jan 16, 2014 10:55pm Jan 16, 2014 10:55pm
Quoting Slim Buffett
{quote} At what price are you long, exactly ??
see above, you caught me in the middle of the post. i've been in and out of the market so my entry is not great. also, i'm in an options trade and also not a great entry but i know the bull thesis is still in tact.

that's not going to change anytime soon!
Please check out my blog at https://from-zero-to-hero . net
  • #41,746
  • Jan 16, 2014 11:07pm Jan 16, 2014 11:07pm
Quoting smash1820
{quote} see above, you caught me in the middle of the post. i've been in and out of the market so my entry is not great. also, i'm in an options trade and also not a great entry but i know the bull thesis is still in tact. that's not going to change anytime soon!
Yeah.... I didn't see your chart at first.
And yes, the bull thesis is still intact of which I'm humbly aware.
Maybe 102.80 will be the biggest bear correction (250 pips or so)
we will see this year

????
When the Joker is in the deck.. fear not and play it well
  • #41,747
  • Jan 16, 2014 11:42pm Jan 16, 2014 11:42pm
Hello US/JPY

Every now again its showing signs

of wanting to climb

but somebody pulls the chain just as fast

Few longs taking diving lessons

But long also EUR/YEN

same situation.

Hopefully end off week we get a moon mission before close:nerd:
  • #41,748
  • Jan 16, 2014 11:54pm Jan 16, 2014 11:54pm
Quoting eliteincome
Hello US/JPY Every now again its showing signs of wanting to climb but somebody pulls the chain just as fast Few longs taking diving lessons

It's called a "sideways" market. Most don't like to trade that because there's no real direction.
It's been that for hours but best of luck.
When the Joker is in the deck.. fear not and play it well
  • #41,749
  • Jan 17, 2014 12:22am Jan 17, 2014 12:22am
Quoting Slim Buffett
{quote} It's called a "sideways" market. Most don't like to trade that because there's no real direction. It's been that for hours but best of luck.
Yes, but sideways market in a bullish trend...

What does that tell you? (that's not directed at you Slim Buffet... anyone can answer)
Please check out my blog at https://from-zero-to-hero . net
  • #41,750
  • Jan 17, 2014 3:06am Jan 17, 2014 3:06am
Quoting smash1820
{quote} Yes, but sideways market in a bullish trend... What does that tell you? (that's not directed at you Slim Buffet... anyone can answer)
It would appear there must be some option expiries today that some one doesn't want to lose out on , the other side doesn't want to pay. At least the last four hours or so , been quite a skirmish so far.
  • #41,751
  • Jan 17, 2014 3:29am Jan 17, 2014 3:29am

Quoting eliteincome
... Few longs taking diving lessons But long also EUR/YEN same situation. Hopefully end off week we get a moon mission before close:nerd:

With you on that, but I'm only at snorkel depth at the moment

Quoting smash1820
{quote} Yes, but sideways market in a bullish trend... What does that tell you? (that's not directed at you Slim Buffet... anyone can answer)
It tells me that the price of oil is going down
It tells me that there is a pause in Yen-printing
It tells me that Japanese housewives have stopped putting their money offshore (AJ carry trade)
...all of which may just be symptomatic of mid-month blues... (well maybe not the oil part)
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #41,752
  • Jan 17, 2014 8:38am Jan 17, 2014 8:38am
Quoting jebataro
{quote} where can I get it in real time ya?
i ssaw this pic on a website, share it
  • #41,753
  • Jan 17, 2014 11:38am Jan 17, 2014 11:38am
hey there traders of un-moving usd/jpy have a nice weekend you all
  • #41,754
  • Edited 12:37pm Jan 17, 2014 12:26pm | Edited 12:37pm
Quoting Ulterior
hey there traders of un-moving usd/jpy have a nice weekend you all

I know right...USD strengthens bigtime EUR drops to hell and no movement. Its following the eur/jpy. Its a joke.
  • #41,755
  • Jan 17, 2014 1:02pm Jan 17, 2014 1:02pm
New Positions:

BOT 1 JAN17 0.00965 Put Fut. Option (6J3) 0.0000580 [CLOSED/ROLLED AS PER BELOW]
SLD 1 JAN24 0.00965 Put Fut. Option (6J4) 0.0000770

Existing Positions:

SLD 2 MAR07 0.0102 Call Fut. Option (6J) 0.0000190
SLD 2 MAR07 0.0093 Put Fut. Option (6J) 0.0000210
SLD 2 FEB07 0.0092 Put Fut. Option (6J) 0.0000190
SLD 2 FEB07 0.0101 Call Fut. Option (6J) 0.0000200
SLD 1 JAN17 0.00965 Put Fut. Option (6J3) 0.0000630 [CLOSED/ROLLED AS PER ABOVE]

Position Summary:

My existing position in both the FEB07 and MAR07 series remain untouched.

I’m not doing anything terribly special here, my JAN17 PUT was ITM and expiry is in about one hour – I don’t want to be assigned in this scenario.

I again rolled the position out giving myself yet another 7 day period to see if we can continue to see some Yen strength, certainly it appears we have found a short/medium term top in the (spot) market.

The roll deposits 190 points of premium into my account – a trade that didn’t go my way still nets me profit week after week.
  • #41,756
  • Jan 17, 2014 1:15pm Jan 17, 2014 1:15pm
Quoting seandean
New Positions: BOT 1 JAN17 0.00965 Put Fut. Option (6J3) 0.0000580 [CLOSED/ROLLED AS PER BELOW] SLD 1 JAN24 0.00965 Put Fut. Option (6J4) 0.0000770 Existing Positions: SLD 2 MAR07 0.0102 Call Fut. Option (6J) 0.0000190 SLD 2 MAR07 0.0093 Put Fut. Option (6J) 0.0000210 SLD 2 FEB07 0.0092 Put Fut. Option (6J) 0.0000190 SLD 2 FEB07 0.0101 Call Fut. Option (6J) 0.0000200 SLD 1 JAN17 0.00965 Put Fut. Option (6J3) 0.0000630 [CLOSED/ROLLED AS PER ABOVE] Position Summary: My existing position in both the FEB07 and MAR07 series remain untouched. I’m not...
i dont see the strike on those options, im missing somethin?
  • #41,757
  • Jan 17, 2014 1:25pm Jan 17, 2014 1:25pm
Quoting pipBlast
{quote} i dont see the strike on those options, im missing somethin?


You are, but that’s understandable.

These are all based on the CME GLOBEX 6J future; I don’t trade OTC options, which have strikes resembling spot market prices.

The 4th segment written in my trade is always the strike, 0.00965 and 0.0102 for example.
  • #41,758
  • Jan 17, 2014 1:45pm Jan 17, 2014 1:45pm
Quoting seandean
{quote} You are, but that’s understandable. These are all based on the CME GLOBEX 6J future; I don’t trade OTC options, which have strikes resembling spot market prices. The 4th segment written in my trade is always the strike, 0.00965 and 0.0102 for example.
i rlly need to do my research , thats new for me
  • #41,759
  • Edited 2:54pm Jan 17, 2014 2:11pm | Edited 2:54pm
This pair did shit today for me. Waste of my time. Have a nice weekend. To be honest this forum has gotten quite boring..
  • #41,760
  • Jan 17, 2014 2:35pm Jan 17, 2014 2:35pm
Quoting seandean
{quote} You are, but that’s understandable. These are all based on the CME GLOBEX 6J future; I don’t trade OTC options, which have strikes resembling spot market prices. The 4th segment written in my trade is always the strike, 0.00965 and 0.0102 for example.
Hi Sean,

Is there any reason why you trade Globex futures as opposed to OTC?

cheers
Andrew
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