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USD/JPY Discussion

  • #49,161
  • Oct 19, 2014 11:36am Oct 19, 2014 11:36am
Quoting yeniful
why doesnt this forum have live chat so traders can communicate in live time? Does anyone want to have a group so we can live chat when markets are open?
Forum is better than live chat because more can be shared and continuous info can be shared in a post without interference. Also this is interactive trading, you can post live trades too or not and people may ask the reason and such until the price moves far beyond the point of entering a pos. i do not know what was the original purpose of this interactive trading forum but its equivalent to chat room and much more.
A trade should be based on an assumption based on facts
  • #49,162
  • Oct 19, 2014 11:36am Oct 19, 2014 11:36am
Quoting yeniful
why doesnt this forum have live chat so traders can communicate in live time? Does anyone want to have a group so we can live chat when markets are open?
Because there are so many bloody different tracks of mind and ways of trading it just becomes a big mess. No organized thought in chat. Also much harder for admin @ FF I assume. Go to forex irc if you want to chat
All posts are my personal opinion
  • #49,163
  • Oct 19, 2014 11:53am Oct 19, 2014 11:53am
It may be a bit earlier but sometimes pdoesnt always come to exactly the level we want. I was watching 4H for the touch of 107, THE EMA and where price was support turning to resistance now also with your STO whatever blah indis/
I watched 1min US session and we got a bit of bearish signal here so I entered in 1 pozzy to short side but will enter again bigger if we hit 107 as tyhat is where I wanted to get in anyways, and will place a stop 107.60. TP is open for now. Looks liek in the coming months this will just enter a range most likely so not expecting too much unless we get something from FED and risk trends.
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All posts are my personal opinion
  • #49,164
  • Oct 19, 2014 12:29pm Oct 19, 2014 12:29pm
Gapping up..
  • #49,165
  • Oct 19, 2014 12:37pm Oct 19, 2014 12:37pm
Quoting Rtm
I watched 1min US session and we got a bit of bearish signal here so I entered in 1 pozzy to short side but will enter again bigger if we hit 107 a{image} {image}
Hi Rtm, sounds like a good setup, it is just not clear to me how you base this on a bearish signal in 1min US session. I have learned that US session has the most significance. Just how do you get a valid signal from 1 min charts? For me, 1 min charts are mostly noise and I hardly watch them ever. Am I missing some opportunity here?
Fix up, trade sharp ...
  • #49,166
  • Oct 19, 2014 12:42pm Oct 19, 2014 12:42pm
Quoting Hickson
{quote} Hi Rtm, sounds like a good setup, it is just not clear to me how you base this on a bearish signal in 1min US session. I have learned that US session has the most significance. Just how do you get a valid signal from 1 min charts? For me, 1 min charts are mostly noise and I hardly watch them ever. Am I missing some opportunity here?
70-80% trading is done using HFTs algos with trades rarely lasting longer than 1sec. But when the big players/investors enter HFT algos get killed.
A trade should be based on an assumption based on facts
  • #49,167
  • Oct 19, 2014 12:46pm Oct 19, 2014 12:46pm
Quoting Mave
{quote} 70-80% trading is done using HFTs algos with trades rarely lasting longer than 1sec. But when the big players/investors enter HFT algos get killed.
Hm, sounds logical, the high amount of algo trading is known. But how do you tell that a big player is in know with a long term position except from huge candles?
Fix up, trade sharp ...
  • #49,168
  • Oct 19, 2014 12:48pm Oct 19, 2014 12:48pm
Quoting Hickson
{quote} Hm, sounds logical, the high amount of algo trading is known. But how do you tell that a big player is in know with a long term position except from huge candles?
Will get back to you when i find a definite answer.
What i can say with some certainity is Bigggg guys use value to enter.
A trade should be based on an assumption based on facts
  • #49,169
  • Oct 19, 2014 12:50pm Oct 19, 2014 12:50pm
Quoting Mave
{quote} Will get back to you when i find a definite answer.
ok, thanks!
Fix up, trade sharp ...
  • #49,170
  • Oct 19, 2014 3:41pm Oct 19, 2014 3:41pm
UJ price still below daily Kijun. Will it break?
  • #49,171
  • Oct 19, 2014 4:21pm Oct 19, 2014 4:21pm
Quoting xy76
UJ price still below daily Kijun. Will it break?
Price action after a drop below 107 will say a lot.

  • #49,172
  • Oct 19, 2014 4:24pm Oct 19, 2014 4:24pm
It could be back to risk-on/risk-off mode for the yen.
The stock market "recovery" doesn't seem too convincing. It may be possible for the pair to retrace to the 200DMA, which is a long way short from here.

Time will tell.
  • #49,173
  • Oct 19, 2014 4:41pm Oct 19, 2014 4:41pm
I see 100 pips up from here

Its 5 AM, I should go to sleep now Goodnight
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Money never sleeps I can hear the dollar calling me
  • #49,174
  • Edited 5:48pm Oct 19, 2014 5:22pm | Edited 5:48pm
107.3 nice resistance, it should break through by US session, if not london

EDIT:

i read an article that said this move up to 107.25 should be seen as corrective, before continuing downtrend, i totally disagree, i think imo that this move down to 105.2 WAS the correction of the steep move up..

also imo this has to break through 107.5 to continue its way up north
  • #49,175
  • Oct 19, 2014 5:56pm Oct 19, 2014 5:56pm
Quoting Liam0530
107.3 nice resistance, it should break through by US session, if not london EDIT: i read an article that said this move up to 107.25 should be seen as corrective, before continuing downtrend, i totally disagree, i think imo that this move down to 105.2 WAS the correction of the steep move up.. also imo this has to break through 107.5 to continue its way up north
"We now believe that JPY could see further strength against the vulnerable high-yielding currencies – AUD and NZD – and the low-yielding EUR. Further deterioration of risk appetite could be a near-term supporting factor for JPY. We believe that JPY weakness is no longer in the interest of the Japanese authorities, who worry that falling real disposable income growth may undermine Japan’s recovery. "

http://www.efxnews.com/story/26551/u...morgan-stanley
  • #49,176
  • Oct 19, 2014 6:08pm Oct 19, 2014 6:08pm
I am short t 107.22 and 107.09 with SL of 107.55 TP 106
  • #49,177
  • Oct 19, 2014 6:37pm Oct 19, 2014 6:37pm
Quoting Liam0530
107.3 nice resistance, it should break through by US session, if not london EDIT: i read an article that said this move up to 107.25 should be seen as corrective, before continuing downtrend, i totally disagree, i think imo that this move down to 105.2 WAS the correction of the steep move up.. also imo this has to break through 107.5 to continue its way up north
A lot of sideways chop here. Looking for a break above 107.30 or break below 106.90 for direction.
  • #49,178
  • Oct 19, 2014 6:41pm Oct 19, 2014 6:41pm
Quoting freundr
{quote} A lot of sideways chop here. Looking for a break above 107.30 or break below 106.90 for direction.
Did you see the tick chart?
Wrong thread. I meant for EJ
A trade should be based on an assumption based on facts
  • #49,179
  • Oct 19, 2014 7:07pm Oct 19, 2014 7:07pm
Nikkei up 4% and virtually no reaction from UJ.
Anyone else see anything unsustainable about this picture?
  • #49,180
  • Oct 19, 2014 7:11pm Oct 19, 2014 7:11pm
Well perhaps Im wrong. But isn't the pair at supply exactly right now pretty much?
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