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USD/JPY Discussion

  • #44,461
  • Apr 3, 2014 9:25am Apr 3, 2014 9:25am
thats me out folks, been fun
Do what's right for you
  • #44,462
  • Apr 3, 2014 9:30am Apr 3, 2014 9:30am
Watch out bulls, it just completed a messy correction with lots of energy to the downside.
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  • #44,463
  • Apr 3, 2014 9:30am Apr 3, 2014 9:30am
Doesnt look good.... stocks coming off now. I wonder if this pair would even rally on a great NFP

usdjpy is more correlated to overall risk that us economic performance.
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  • #44,464
  • Apr 3, 2014 9:32am Apr 3, 2014 9:32am
me thinks there is support near 103.60/62, but I wait for 102.97 for longs...
Look Sharp/Trade Tight
  • #44,465
  • Apr 3, 2014 9:36am Apr 3, 2014 9:36am
last two hour combo looks heavyish...
Look Sharp/Trade Tight
  • #44,466
  • Apr 3, 2014 9:50am Apr 3, 2014 9:50am
It is going down a bit down but it is still below my short which is 1.32 , still quite a distance from 103.60/62. Normally would it be wise to hold on and absorb the risk? This is the infamous Widow Pair which I am quite wary of
  • #44,467
  • Apr 3, 2014 9:58am Apr 3, 2014 9:58am
Quoting thevolatile
It is going down a bit down but it is still below my short which is 1.32 , still quite a distance from 103.60/62. Normally would it be wise to hold on and absorb the risk? This is the infamous Widow Pair which I am quite wary of
Wait to see this and next hour and decide. Might be a short trap now. I have shorts all over the place, 103.0, 103.50, 102.50 etc.
  • #44,468
  • Apr 3, 2014 10:22am Apr 3, 2014 10:22am
Quoting PayTheLimit
last two hour combo looks heavyish...
perhaps 104.02 some r now...
Look Sharp/Trade Tight
  • #44,469
  • Apr 3, 2014 10:40am Apr 3, 2014 10:40am
Quoting PayTheLimit
me thinks there is support near 103.60/62...
took another look, and break of this area might turn the short term picture bearish, I might consider looking for shorts on a bounce then...
Look Sharp/Trade Tight
  • #44,470
  • Apr 3, 2014 11:15am Apr 3, 2014 11:15am
I am not bearish at all. I think we'll probably end this week on a positive note. Still long from 103.80 and loving it.

Don't pay attention to the fundamentals -- they will only confuse you. Just look at the charts. It's sooo much easier.
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  • #44,471
  • Apr 3, 2014 11:16am Apr 3, 2014 11:16am
Quoting sakisf
{quote} Wait to see this and next hour and decide. Might be a short trap now. I have shorts all over the place, 103.0, 103.50, 102.50 etc.
good advice, bull is still there, maybe another spike tomorrow
Do what's right for you
  • #44,472
  • Apr 3, 2014 12:59pm Apr 3, 2014 12:59pm
Quoting momochi
{quote} good advice, bull is still there, maybe another spike tomorrow
I am thinking the same, that Asians will do the thing they doing every night (8pm EST) pumping U/J for 20-30 pips. I can hardly see a downfall from here, I might add next shorts at 104.20 when my s/l's are hit.
  • #44,473
  • Apr 3, 2014 1:13pm Apr 3, 2014 1:13pm
UJ in my sell zone
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  • #44,474
  • Apr 3, 2014 2:35pm Apr 3, 2014 2:35pm
there are a few people offloading, but if you look into the PA there is still continuous buying going on; like someone left the buy button on a few days ago and went on holiday.

i read somewhere that as its the start of the new financial year in japan they have to sell some JPY, maybe big boys just playing on this forcing them to sell at lower and lower prices fueling their profits
Do what's right for you
  • #44,475
  • Apr 3, 2014 2:48pm Apr 3, 2014 2:48pm
Quoting momochi
there are a few people offloading, but if you look into the PA there is still continuous buying going on; like someone left the buy button on a few days ago and went on holiday. i read somewhere that as its the start of the new financial year in japan they have to sell some JPY, maybe big boys just playing on this forcing them to sell at lower and lower prices fueling their profits
So they are doing them that:
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  • #44,476
  • Apr 3, 2014 2:50pm Apr 3, 2014 2:50pm
Do what's right for you
  • #44,477
  • Apr 3, 2014 2:54pm Apr 3, 2014 2:54pm
everyone is expecting strong NFP data. what do you guys think?
will usd/jpy go up or down?
  • #44,478
  • Apr 3, 2014 3:10pm Apr 3, 2014 3:10pm
Quoting lhet
everyone is expecting strong NFP data. what do you guys think? will usd/jpy go up or down?
i guess and only guess that it will be the end of this play before some consolidation at least. Either it with go up and get sold into or it will fall taking some built up carry trade stops.I wont go near it until monday
Do what's right for you
  • #44,479
  • Apr 3, 2014 6:02pm Apr 3, 2014 6:02pm
What a boring fucking day. Still waiting for U/J to go up and I don't care what the reason is.
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  • #44,480
  • Apr 3, 2014 8:51pm Apr 3, 2014 8:51pm
There pair has done a whole lot of NOTHING today...
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