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USD/JPY Discussion

  • #47,101
  • Jul 21, 2014 11:03am Jul 21, 2014 11:03am
I'm long on both USD/JPY and GPB/JPY. They are in correlation and both sitting on strong support. RR about 3:1 for each
  • #47,102
  • Jul 21, 2014 11:14am Jul 21, 2014 11:14am
i have been holding these 2 pair since last friday...

Quoting Pharm0r
I'm long on both USD/JPY and GPB/JPY. They are in correlation and both sitting on strong support. RR about 3:1 for each
  • #47,103
  • Jul 21, 2014 12:19pm Jul 21, 2014 12:19pm
Quoting Exodus
{quote} That is an interesting monthly chart. It says that 96 is a real possibility if 100.75 gives way. Here is how my daily is drawn, it is interesting to see where the SR lines fall on a monthly chart.... {image}
Right, looking to me also like that but not so easy I think.
  • #47,104
  • Jul 21, 2014 12:21pm Jul 21, 2014 12:21pm
Do you remember that usd/jpy made the same movements it's doing now in 2012 from 0.83 to 0.77 and then shot up to 103. then it went from 103 to .97500 and then shot up to 105.100 ????

The last three huge upsides to usd jpy have all followed after 500 to 600 pip downward movements for a couple of months. Right now is the end of this downside movement that will turn to a massive upside!

DO NOT SHORT USD JPY RIGHT NOW......IT'S GOING TO HURT YOUR WALLET BIG TIME
  • #47,105
  • Jul 21, 2014 12:23pm Jul 21, 2014 12:23pm
Oh wow
  • #47,106
  • Jul 21, 2014 12:24pm Jul 21, 2014 12:24pm
Quoting Ken A
Oh wow
?
  • #47,107
  • Jul 21, 2014 12:26pm Jul 21, 2014 12:26pm
Quoting yeniful
Do you remember that usd/jpy made the same movements it's doing now in 2012 from 0.83 to 0.77 and then shot up to 103. then it went from 103 to .97500 and then shot up to 105.100 ???? The last three huge upsides to usd jpy have all followed after 500 to 600 pip downward movements for a couple of months. Right now is the end of this downside movement that will turn to a massive upside! DO NOT SHORT USD JPY RIGHT NOW......IT'S GOING TO HURT YOUR WALLET BIG TIME
So what makes you say it's the end of this downside movement?
  • #47,108
  • Jul 21, 2014 4:06pm Jul 21, 2014 4:06pm
Quoting Pharm0r
{quote} So what makes you say it's the end of this downside movement?
All of the 5-6 month downside movements of usd/jpy in the last 2 years have had downward triangle shapes where they eventually break to the upside.

Big hedge funds and investors are betting on the increase in the yen.

They have been for a year now and as of yesterday 7 out of the top 10 currency hedge funds have increased their lot sizes in long usd/jpy. (i have sources and friends who work for firms and funds)
  • #47,109
  • Jul 21, 2014 4:21pm Jul 21, 2014 4:21pm
I'm thinking this pair will go to 85.00 before it goes to 101.45.

This range we're in looks extremely bearish. There is very little support below. I expect price to be at 85.00 by the end of the year.
  • #47,110
  • Jul 21, 2014 4:42pm Jul 21, 2014 4:42pm
Quoting yeniful
Do you remember that usd/jpy made the same movements it's doing now in 2012 from 0.83 to 0.77 and then shot up to 103. then it went from 103 to .97500 and then shot up to 105.100 ???? The last three huge upsides to usd jpy have all followed after 500 to 600 pip downward movements for a couple of months. Right now is the end of this downside movement that will turn to a massive upside! DO NOT SHORT USD JPY RIGHT NOW......IT'S GOING TO HURT YOUR WALLET BIG TIME
Great comments Yeniful, I 100% agree with you.
Please check out my blog at https://from-zero-to-hero . net
  • #47,111
  • Jul 21, 2014 4:43pm Jul 21, 2014 4:43pm
Quoting yeniful
Do you remember that usd/jpy made the same movements it's doing now in 2012 from 0.83 to 0.77 and then shot up to 103. then it went from 103 to .97500 and then shot up to 105.100 ???? The last three huge upsides to usd jpy have all followed after 500 to 600 pip downward movements for a couple of months. Right now is the end of this downside movement that will turn to a massive upside! DO NOT SHORT USD JPY RIGHT NOW......IT'S GOING TO HURT YOUR WALLET BIG TIME
Great comments Yeniful. I 100% agree with you. That is why I said yesterday that I think all of this is a giant headfake.
Please check out my blog at https://from-zero-to-hero . net
  • #47,112
  • Jul 21, 2014 4:47pm Jul 21, 2014 4:47pm
Read my comments here for the last few days, or week, or two weeks, or month(s), and you will see that my position has not changed AT ALL.

Long the yen.
Please check out my blog at https://from-zero-to-hero . net
  • #47,113
  • Jul 21, 2014 5:15pm Jul 21, 2014 5:15pm
thank you
  • #47,114
  • Jul 21, 2014 6:15pm Jul 21, 2014 6:15pm
Quoting yeniful
{quote} All of the 5-6 month downside movements of usd/jpy in the last 2 years have had downward triangle shapes where they eventually break to the upside. Big hedge funds and investors are betting on the increase in the yen. They have been for a year now and as of yesterday 7 out of the top 10 currency hedge funds have increased their lot sizes in long usd/jpy. (i have sources and friends who work for firms and funds)
Thank you for your insight
  • #47,115
  • Jul 21, 2014 7:02pm Jul 21, 2014 7:02pm
Quoting Zappa
I'm thinking this pair will go to 85.00 before it goes to 101.45. This range we're in looks extremely bearish. There is very little support below. I expect price to be at 85.00 by the end of the year.
No offense, but I think you are crazy to make such a statement.

Have you read anything at this thread, at all? Have you even traded before???

There is NO WAY USD/JPY is going to hit 85 soon. And I suspect it will not break below 100 either, or 101 for that matter...

You have no clue what you are talking about, and it is clear to see that you have very little experience or knowledge when it comes to trading.

Sorry, but I am not afraid to bash you down for the n00b that you are. Folks, beware of this guy. I don't know what your intent is here but you're not gonna just walk into the one thread I actually post on, and post comments that are so ridiculously false it's not even funny.

If you'd like, you can outline your beliefs as to why you are so ultra-short, and I can bash them down one-by-one (Skenobi style)
Please check out my blog at https://from-zero-to-hero . net
  • #47,116
  • Jul 21, 2014 7:23pm Jul 21, 2014 7:23pm
Quoting smash1820
Read my comments here for the last few days, or week, or two weeks, or month(s), and you will see that my position has not changed AT ALL. Long the yen.
You mean short the yen so long UJ, correct?
  • #47,117
  • Jul 21, 2014 7:30pm Jul 21, 2014 7:30pm
Quoting srt
You mean short the yen so long UJ, correct?
Yes, yes, yes, that is absolutely what I mean. It may have been a typo, and I was afraid someone might bring that up

When I say "long the yen" I really mean long U/J, and perhaps other yen pairs like G/J, or A/J. Big bull moves ahead for all yen pairs, imo.

I'm not a fundamentalist, but my beliefs are that the dollar (index) will continue to be driven lower, but the yen may be driven lower still, which I believe makes a reasonable case to buy U/J. Printing money is not, can not, and will never be a sustainable solution to our problems... eventually, the market and things will catch up.

I expect global inflation to rise, and gold, commodities, and all hard assets to rise while the world figures out how to stay alive .

Not so sure about the whole "doomsday" scenario, but I think no matter which way you slice it, there are still a lot of risks out there, and will remain that way for some time.

But then again, all of us traders know that Risk = Opportunity
Please check out my blog at https://from-zero-to-hero . net
  • #47,118
  • Jul 21, 2014 7:37pm Jul 21, 2014 7:37pm
Quoting smash1820
{quote} Yes, yes, yes, that is absolutely what I mean. It may have been a typo, and I was afraid someone might bring that up When I say "long the yen" I really mean long U/J, and perhaps other yen pairs like G/J, or A/J. Big bull moves ahead for all yen pairs, imo. I'm not a fundamentalist, but my beliefs are that the dollar (index) will continue to be driven lower, but the yen may be driven lower still, which I believe makes a reasonable case to buy U/J. Printing money is not, can not, and will never be a sustainable solution...
  • #47,119
  • Jul 21, 2014 9:12pm Jul 21, 2014 9:12pm
Quoting zappa
i'm thinking this pair will go to 85.00 before it goes to 101.45. This range we're in looks extremely bearish. There is very little support below. I expect price to be at 85.00 by the end of the year.
alrighty then someone else who really knows what's going on.
Thumbs up! To you
  • #47,120
  • Jul 21, 2014 9:20pm Jul 21, 2014 9:20pm
sh**t!!!
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