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USD/JPY Discussion

  • #43,981
  • Mar 13, 2014 1:38pm Mar 13, 2014 1:38pm
Quoting bikov
I'm long term bull about USA and usd/jpy but this picture says: runaway ! {image}

runaway !
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #43,982
  • Mar 13, 2014 1:38pm Mar 13, 2014 1:38pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
it's going down right now y'all!
Attached Image(s) (click to enlarge)
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  • #43,983
  • Mar 13, 2014 1:39pm Mar 13, 2014 1:39pm
Quoting jimmij
Double bottom @ ~101.600?
next 15M bar will tell, looks more like a breather in the move to me
Don't be a hero. Don't have an ego. Always question yourself
  • #43,984
  • Mar 13, 2014 1:44pm Mar 13, 2014 1:44pm
It's f*ckin us badly. There is an evening star on M30 chart. Watch out for that. It's going down more
  • #43,985
  • Mar 13, 2014 1:55pm Mar 13, 2014 1:55pm
Quoting thole91
It's f*ckin us badly. There is an evening star on M30 chart. Watch out for that. It's going down more
Looks more like a simple doji to me. I don't see any gap up or down.
Everything about today seems as orchestrated as can be. There's no panic; just a relentless push lower. We'll know a lot more when they take their foot off the neck.
We'll see.

  • #43,986
  • Mar 13, 2014 2:04pm Mar 13, 2014 2:04pm
this is why i think stocks are a scam, soo many times the market don't respect any technical rule.

seems like usdjpy is the exact copy of the stock (equities) markets today (i never trade usdjpy so i never realized how much correlated with equities it is), kind of casino'.
  • #43,987
  • Mar 13, 2014 3:58pm Mar 13, 2014 3:58pm
Do you guys think the monetary policy meetings will stir up some volatility this evening or is anything likely to be said already factored into the price?
He who knows when he can fight and when he cannot, will be victorious.
  • #43,988
  • Mar 13, 2014 4:23pm Mar 13, 2014 4:23pm
Revelation, y'all! Please tell me why 'm stupid. Sherlock Holmes said that when nothing else makes sense, the only thing left, no matter how absurd, is the answer...

Controlled demolition. WTC all over again. The massive disconnect between the US economy and SPX was getting so divergent that the Fed could no longer ignore it. So, rather than allow the disconnect to get entirely out of hand, the Fed engineered a takedown in the U/J, which it knew would cause stocks to tank, even on supposedly "good" news.

The question then becomes, at what level of SPX will the Fed takes its foot off and allow it to return to a more "normal" trading pattern? It seems we may be in for a rather long slog, though.

Any comments would be appreciated.
  • #43,989
  • Mar 13, 2014 5:54pm Mar 13, 2014 5:54pm
Quoting Orly
So, rather than allow the disconnect to get entirely out of hand, the Fed engineered a takedown in the U/J, which it knew would cause stocks to tank, even on supposedly "good" news.
Never heard of buy the rumor, sell the news?
  • #43,990
  • Mar 13, 2014 6:45pm Mar 13, 2014 6:45pm
Quoting Brassboy
{quote} Never heard of buy the rumor, sell the news?
The rumour?

Pray tell, which one?
  • #43,991
  • Mar 13, 2014 6:48pm Mar 13, 2014 6:48pm
Quoting Orly
{quote} The rumour? Pray tell, which one?
After what happened at NZD yesterday, no I don't believe that anymore. It's buy the news and buy more the rumor.
Make your losses in demo. Earn your profits live.
  • #43,992
  • Mar 13, 2014 6:48pm Mar 13, 2014 6:48pm
Quoting Orly
{quote} The rumour? Pray tell, which one?
Obviously, the market was ramped up up to NFP's good data. All rallies were sold into, including today's good US data. Best thing to do is to trade according to this scenario - take out the longs from the past few days.
  • #43,993
  • Mar 13, 2014 6:54pm Mar 13, 2014 6:54pm
Bank of Japan just released the minutes from their last monetary policy meeting (feb 17&18)​
  • #43,994
  • Mar 13, 2014 7:06pm Mar 13, 2014 7:06pm
Quoting EmeraldEyes
Bank of Japan just released the minutes from their last monetary policy meeting (feb 17&18)​
Not a blip on the chart. Took a position for frekking nothing. Oh well, at least I didn't lose any pips.
Make your losses in demo. Earn your profits live.
  • #43,995
  • Mar 13, 2014 9:21pm Mar 13, 2014 9:21pm
mad selloff today guys.

just stating the obvious. LOL

i don't even know why it happened or what caused it, i just know that it happened. do you guys think it will continue? i'd be interested to hear your thoughts.

101.80 looks like it could be support... and i'm wondering if we might be sitting on a "buy zone" of 101.50 - 101.80, perhaps?
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  • #43,996
  • Mar 13, 2014 9:23pm Mar 13, 2014 9:23pm
Quoting EmeraldEyes
Bank of Japan just released the minutes from their last monetary policy meeting (feb 17&18)​
Do traders actually read that stuff? LOL

Seriously, I am wondering.

I'm trying to figure out if today's move had any fundamental reason(s) to it, as they occasionally do... Or if it was all "technical", which is usually the case.
Please check out my blog at https://from-zero-to-hero . net
  • #43,997
  • Mar 13, 2014 9:37pm Mar 13, 2014 9:37pm
just do the opposite when everybody buy you sell. even though i didnt lose much yesterday but i feel like i was raped..
  • #43,998
  • Mar 13, 2014 9:43pm Mar 13, 2014 9:43pm
Quoting smash1820
mad selloff today guys. just stating the obvious. LOL i don't even know why it happened or what caused it, i just know that it happened. do you guys think it will continue? i'd be interested to hear your thoughts. 101.80 looks like it could be support... and i'm wondering if we might be sitting on a "buy zone" of 101.50 - 101.80, perhaps?
I set my BUY order ar 102.00. We'll see what happens.
Risk comes from not knowing what you're doing.
  • #43,999
  • Mar 13, 2014 10:22pm Mar 13, 2014 10:22pm
Quoting smash1820
mad selloff today guys. just stating the obvious. LOL i don't even know why it happened or what caused it, i just know that it happened. do you guys think it will continue? i'd be interested to hear your thoughts. 101.80 looks like it could be support... and i'm wondering if we might be sitting on a "buy zone" of 101.50 - 101.80, perhaps?
probably the whoopy doopy lingo of the Ukraine crisis, China slowdown, US slowdown, blah blah blah. So probably all that crap all together gave the reason for people to buy the Yen.

Can it continue, possibly, but I am hurting on the Usd/Jpy longs...
Trade what you see, not what you think!
  • #44,000
  • Mar 13, 2014 10:43pm Mar 13, 2014 10:43pm
Quoting smash1820
{quote} Do traders actually read that stuff? LOL Seriously, I am wondering. I'm trying to figure out if today's move had any fundamental reason(s) to it, as they occasionally do... Or if it was all "technical", which is usually the case.
They do when it's the meeting minutes of Fed or RBA or RBNZ. Apparently traders don't give a rat's a** when it's Japan's meeting minutes. I still don't get it how is it that when the Fed announces they are doing quantative easing in the meeting minutes, the USD currency pairs drop like 50, 60, 70+ pips and yet when the BoJ uses EXACTLY the same copy-and-paste QE terms and strategies in their meeting minutes, JPY goes up??!!!
Make your losses in demo. Earn your profits live.
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