Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

USD/JPY Discussion 6 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

Quoting jimmywong
{image}
Not sure what to make of your chart. However I will say that the market will assess the success (or lack thereof) of the JG stimulus and make a guess at what policy will replace the expired one in March 2016. Prior to that there will be noises from JG indicating a likely path.
Carbon-Dioxide: the gas of life!
It looks like I am one of the few shorts on this pair...

Markets might be hoping for the best with Russia/Ukraine... I am not

I will see you all around 98.50
It looks like I am one of the few longs on this pair...

Markets might be hoping for the best with Russia/Ukraine... I am

I will see you all around 103.80
trade safe
I'm short on yen......The dollar is losing it's strength against the yen. In Forex I stick with the trend until a complete reversal.
Quoting Trader221
It looks like I am one of the few shorts on this pair... Markets might be hoping for the best with Russia/Ukraine... I am not I will see you all around 98.50
Actually you are about 1 in millions of people who are short on the yen in the world.
In Forex more than 75-90% of people lose......if the majority is long and the trend is downwards I stick always with the trend even if the majority are the reverse.

There's a reason why the statistic says 75-90% of traders in forex lose money. They think they can outsmart and outplay the trends when they should just relax for a minute and not be trigger happy. Look at all the people who were shorting post 2008 in the stock market....they missed out on the biggest bull market and tons of profit.

The biggest lesson I have learned in any trading is stick with the trend until a complete reversal. Long term it's the right play
Quoting yeniful
{quote} Actually you are about 1 in millions of people who are short on the yen in the world. In Forex more than 75-90% of people lose......if the majority is long and the trend is downwards I stick always with the trend even if the majority are the reverse. There's a reason why the statistic says 75-90% of traders in forex lose money. They think they can outsmart and outplay the trends when they should just relax for a minute and not be trigger happy. Look at all the people who were shorting post 2008 in the stock market....they missed out on the...
Shorting at this level is like showing the middle finger to BOJ. Be very careful.
YenUSD short or USDYen short? What are you talking about?
The Market pays you to be disciplined
Quoting mima
YenUSD short or USDYen short? What are you talking about?
Shorting UJ
I'm short usd/jpy at 101.900 and 102.000.

The yen has been stronger than the us dollar since July 31.
Every 2 trading days since July 31 has seen a 30+ pip drop
There has been no indication of a rise since 6 months ago.

I follow the trends. USD/JPY keeps hitting resistance and dropping. Until it breaks through and reverses the current trend I'm short
Quoting yeniful
I'm short usd/jpy at 101.900 and 102.000. The yen has been stronger than the us dollar since July 31. Every 2 trading days since July 31 has seen a 30+ pip drop There has been no indication of a rise since 6 months ago. I follow the trends. USD/JPY keeps hitting resistance and dropping. Until it breaks through and reverses the current trend I'm short
It's been rising for 3 days now since friday
I think there is no right answer which direction USDJPY go at least in this month. USDJPY is now in control of Japanese government. Japanese government try to support USDJPY above 101.00 so that many traders are in long position without stop loss, at same time short traders also cant take profit as well...therefore USDJPY option LONG become stuck. this is why USDJPY volatility is very low now. In this situation, its easy to guess how tough JPY go weaken against USD. It might be much better for Japanese government or GPIF to move USDJPY up after USDJPY go down under 100 once. however hedge funds has no guts to fight with Japanese government in this situation.
i would share my TA why i long when UJ hit 103.80... LOL

and losing is part of the game.
trade safe
In HTF UJ is kind of flat ..can go either direction...What will determine direction is hard to say (at least for me) ...maybe ukraine/russia , maybe Iraq, Japan...something else...Of course I can be wrong.
The Market pays you to be disciplined
lol, you guys must confuse the shit out of eachother.
lowest draw down possible please.
Quoting ehrek
lol, you guys must confuse the shit out of eachother.
The US Dollar is coming under tight scrutiny. 10 year notes are affecting the strength of the us dollar vs the major currencies.
The last 10 trading days of the major currencies have gained against the US Dollar.
RSI charts are at a peak and there is no long(weakening) sign for the yen right now

I agree with this article and it might change your view on currencies vs the us dollar over the next few months:
http://www.forex.com/post?SDN=e4c41e...7-2ee29261d638
Non Comm spec positioning for the Yen below (Yen inversed)

Looks stale to me.

I think it's a case of the USD/JPY HAS to go up to confirm that consensus and if it doesn't there will obviously be fireworks.

Obvious trigger points on the downside are 101.90 and 101.00
Attached Image
Beware when going to Long USDJPY now, as it might do a retest and trade back to its previous support level of 101.57 area. if price unable to close higher than 102.32 in a daily chart, I am preparing to short.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY 120814.PNG Size: 53 KB
I am trying to decide whether 102.40 is a magnet or resistance.
Carbon-Dioxide: the gas of life!
USDJPY trend line break and retest with pin bar time to long.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 98 KB
17 traders viewing now