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USD/JPY Discussion

  • #43,041
  • Feb 13, 2014 8:55am Feb 13, 2014 8:55am
Quoting Ringwraith
Bad US data may actually be good for UJ. It may lead to prospects of reduced tapering which will help risk. Along with the technical I think this could be a fundamental driver to thw upside. Bullish.
Interesting theory.
Gone to a better place
  • #43,042
  • Feb 13, 2014 9:04am Feb 13, 2014 9:04am
No one long from 101.7x?
  • #43,043
  • Feb 13, 2014 9:05am Feb 13, 2014 9:05am
i put in a short at 101.803. turned out to be bullshit
  • #43,044
  • Feb 13, 2014 9:06am Feb 13, 2014 9:06am
Quoting Ken A
No one long from 101.7x?
I don't like it here. If you see what I mean... I wonder if we just retest 102 before going down to 101.50 and then wherever?
Gone to a better place
  • #43,045
  • Feb 13, 2014 9:07am Feb 13, 2014 9:07am
Quoting Ken A
No one long from 101.7x?
I was due to the aforementioned reasons. I do think this was a good correction to resume upwards. Time will tell if this bad data will contrarily spur dollar strength....
  • #43,046
  • Feb 13, 2014 9:08am Feb 13, 2014 9:08am
But, I will be long above 102, probably.
Gone to a better place
  • #43,047
  • Feb 13, 2014 9:08am Feb 13, 2014 9:08am
Quoting Ken A
No one long from 101.7x?
Absolutely. Bought at the Weekly Pivot @~101.857. A bit of a drawdown but back running hot, straight and normal.

My (very optimistic...) upside target is the 10DMA @~ 103.1x.

Best of luck to you!

  • #43,048
  • Feb 13, 2014 9:11am Feb 13, 2014 9:11am
dax is up a quarter %, and the FTSE follows
  • #43,049
  • Feb 13, 2014 9:16am Feb 13, 2014 9:16am
Quoting Ken A
{quote} That data is not the main thing to move XXX/JPY
I understand but I had a concept where reduced tapering would help risk trend and hence a risk on is UJ positive. This bad dataisnt a main reareason but can be one of them.
  • #43,050
  • Feb 13, 2014 9:19am Feb 13, 2014 9:19am
Quoting smikester
But, I will be long above 102, probably.
That should be about now then.....
Meanwhile I'm still waiting for a chance to re-hook my long which closed for the massive profit of 30-pips...
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #43,051
  • Feb 13, 2014 9:21am Feb 13, 2014 9:21am
The train has left
  • #43,052
  • Feb 13, 2014 9:23am Feb 13, 2014 9:23am
Quoting Ringwraith
{quote} I understand but I had a concept where reduced tapering would help risk trend and hence a risk on is UJ positive. This bad dataisnt a main reareason but can be one of them.
It's complicated, and it's very dangerous. We've seen a near trebling value of equity indexes and some commodities since the inception of QE. I think this is why they are playing cagey about when and by how much. The same (cageyness) is applying to interest rates. Add in the perpetually increasing sovereign debt - it's going to be a very volatile year in my opinion.

No wonder they gave the Fed to a woman.
Gone to a better place
  • #43,053
  • Feb 13, 2014 9:27am Feb 13, 2014 9:27am
Quoting smikester
{quote} I don't like it here. If you see what I mean... I wonder if we just retest 102 before going down to 101.50 and then wherever?
I am along this train of thought
  • #43,054
  • Feb 13, 2014 9:29am Feb 13, 2014 9:29am
102.09 is a point of interest. of ot stays above then those long have a good shot. But im going to si this one out.
  • #43,055
  • Feb 13, 2014 9:32am Feb 13, 2014 9:32am
well if you bought at 102.60 and followed the gravy train time get out I think
  • #43,056
  • Edited 10:04am Feb 13, 2014 9:37am | Edited 10:04am
The butterfly is ready (confirmation of turning up), will buy again at retrace (if I can see any sign of turning up again), target as mentioned 103.000-103.600

Edit: if there is no sign, than 101.700 / 101.600 / 101.500 buy limits with stop under 101.400

Edit 2: stop is at entry point + (10 x comission)
Attached Image (click to enlarge)
Click to Enlarge Name: 2014.02.13. Usd Jpy H4.png Size: 28 KB
f(z)=z2+c
  • #43,057
  • Feb 13, 2014 9:54am Feb 13, 2014 9:54am
Oops looks like I have pending orders triggered at 102.09.
Gone to a better place
  • #43,058
  • Feb 13, 2014 9:57am Feb 13, 2014 9:57am
Uhuuuuuu
Attached Image
  • #43,059
  • Feb 13, 2014 10:01am Feb 13, 2014 10:01am
Quoting Robinho
Uhuuuuuu {image}

  • #43,060
  • Feb 13, 2014 10:22am Feb 13, 2014 10:22am
Quoting Ken A
The train has left
A small consolation is that my EJ positions have also cheered-up considerably.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
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