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USD/JPY Discussion

  • #43,261
  • Feb 18, 2014 12:17am Feb 18, 2014 12:17am
Quoting Ck87
{quote} When you say for "swing" what do you mean? I agree with H1 for entry and yeah looking at the stupid M15 charts has killed me, gotta just get rid of them completely
Swing with target few hundred pips 500 - 1,000 pips but I do scalping too during data release and risk events such as FOMC NFP etc on H1

Stay away from small TF's that's for scalping
  • #43,262
  • Feb 18, 2014 12:27am Feb 18, 2014 12:27am
Quoting linmou
{quote} Ken I cannot open anytrade anymore, otherwise I will hear margin call. But it's amazing Ken, you told everything right! Ken I want to close the buy 0.5lot @102.887 ("[email protected]"), is it the time?
I say don't do anything yet because I can't predict what Franky and London then later US Canada will react to BOJ stance just now.

What happened in the past was it retraced but later went higher
  • #43,263
  • Feb 18, 2014 12:31am Feb 18, 2014 12:31am
Quoting Ken A
{quote} don't look at chart lower than Daily because the greed of subconscious mind is trying to catch every turns
Nicely put!
Carpe Vinum.
  • #43,264
  • Feb 18, 2014 12:32am Feb 18, 2014 12:32am
Quoting ZA Rhino
{quote} Nicely put!
Yeah, it's so true.
  • #43,265
  • Feb 18, 2014 12:41am Feb 18, 2014 12:41am
another push up ?
  • #43,266
  • Feb 18, 2014 12:43am Feb 18, 2014 12:43am
Looks like will have another push up but still in consolidation against other ccy's
  • #43,267
  • Feb 18, 2014 1:01am Feb 18, 2014 1:01am
Quoting Ck87
{quote} Yes, been following JPY long time as well, was really bullish long term at sub 80 levels on UJ but I was too busy over leveraging day trading and blowing out accounts. My strength is more long term. Had a nice H4 pin bar long set up around 101.60 but i TP too early.
Had my first profitable year last year by staying away from M15 (except for picking entry).
Like Ken A I enjoy some sneaky pips at news time, but I am much more cautious than I used to be.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #43,268
  • Feb 18, 2014 1:16am Feb 18, 2014 1:16am
Start of a decent size down move?
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-h1-vantagefx-pty-ltd.png Size: 23 KB
  • #43,269
  • Feb 18, 2014 1:18am Feb 18, 2014 1:18am
Quoting Ck87
Start of a decent size down move? {image}
Open the chart of Nikkei 225 futures as guidance

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 45 KB
  • #43,270
  • Feb 18, 2014 1:19am Feb 18, 2014 1:19am
Quoting Exodus
{quote} Had my first profitable year last year by staying away from M15 (except for picking entry). Like Ken A I enjoy some sneaky pips at news time, but I am much more cautious than I used to be.
Good to hear, hope to do the same soon.
  • #43,271
  • Feb 18, 2014 1:21am Feb 18, 2014 1:21am
Quoting Ken A
{quote} Open the chart of Nikkei 225 futures as guidance {image}
I think Nikkei is going wayyyyy higher long term.. probably today too..
  • #43,272
  • Feb 18, 2014 1:25am Feb 18, 2014 1:25am
Quoting Ck87
{quote} I think Nikkei is going wayyyyy higher long term.. probably today too..
Could possibly be the case hence I am not shorting even for scalping
  • #43,273
  • Feb 18, 2014 1:27am Feb 18, 2014 1:27am
Quoting Ken A
{quote} Could possibly be the case hence I am not shorting even for scalping
USD/JPY does look like it will correct a bit from here though with that H1 pin at resistance.

You trade the Nikkei Ken? I was supposed to build a long position in the low 14000s but I messed up
  • #43,274
  • Feb 18, 2014 1:35am Feb 18, 2014 1:35am
Quoting Ck87
{quote} USD/JPY does look like it will correct a bit from here though with that H1 pin at resistance. You trade the Nikkei Ken? I was supposed to build a long position in the low 14000s but I messed up
Careful with corrections - probably some bids lower

No my hands are full with FX spots but sometimes when indices hit monthly support I get in for few pips
  • #43,275
  • Feb 18, 2014 1:41am Feb 18, 2014 1:41am
i try some short from here
  • #43,276
  • Feb 18, 2014 1:43am Feb 18, 2014 1:43am
Banks have just been given another load of free cash, I wonder what they will do with it?
"and said individual banks could borrow twice as much low-interest money as previously under a second facility"
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #43,277
  • Feb 18, 2014 2:29am Feb 18, 2014 2:29am
Quoting Ck87
{quote} USD/JPY does look like it will correct a bit from here though with that H1 pin at resistance. You trade the Nikkei Ken? I was supposed to build a long position in the low 14000s but I messed up
Correction follow comments from BOJ
  • #43,278
  • Feb 18, 2014 2:30am Feb 18, 2014 2:30am
From UK dealers this morning: Stops noted above 102.80 on UsdJpy above post-BoJ spike.
  • #43,279
  • Feb 18, 2014 2:34am Feb 18, 2014 2:34am
corrective move reach 38.2 fib
I'm about to close my short around 50 or 61.8 fib and waiting for the long entry if PA reach there.
Attached Image
  • #43,280
  • Feb 18, 2014 2:55am Feb 18, 2014 2:55am
Quoting Exodus
Banks have just been given another load of free cash, I wonder what they will do with it? "and said individual banks could borrow twice as much low-interest money as previously under a second facility"
Banks are supplied with liquidity, which leads to lower interest rates for borrowing hence attracts more savers willing to finance their investments, which leads to higher productivity and economic growth, demand for goods and services increases, supply balances demand and thus inflation is reached

Well, that's what theory says

On the other hand, due to Japan having highest debt-to-GDP ratio in the world, and government issuing bonds at unprecedented amounts, the ratio won't be climbing down, atleast not until April consumption tax hike.
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