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USD/JPY Discussion

  • #50,061
  • Nov 11, 2014 4:15pm Nov 11, 2014 4:15pm
This is incredible how many opportunities there are right now
  • #50,062
  • Nov 11, 2014 4:24pm Nov 11, 2014 4:24pm
116 touched and rejected twice in the last 12 hours. 117 is probable but nothing wrong with taking a profit. Closed out my largest long at 115.98 Will reenter a full size position long if we hit 116.30, target 117. Break below 115.2 will look at shorting.
  • #50,063
  • Nov 11, 2014 7:11pm Nov 11, 2014 7:11pm
Quoting smash1820
{quote} Precisely, I just re-loaded about 30 minutes ago, around 115.475. I'm already up +27 pips, but I'll take what I can get.
Can you tell me what happened between 8:00 pm GMT to 10:00 pm GMT. It suddenly went to 105.98 from 105.36. even if i consider low liquidity conditions it cannot spike up so much when it was down for most of the US session
  • #50,064
  • Nov 11, 2014 7:22pm Nov 11, 2014 7:22pm
Quoting fxtradeabi
totally didn't see 116 coming till like tomorrow.... This pair has fucked me over twice now.
  • #50,065
  • Nov 11, 2014 7:23pm Nov 11, 2014 7:23pm
Quoting giveachance
Can you tell me what happened between 8:00 pm GMT to 10:00 pm GMT. It suddenly went to 105.98 from 105.36. even if i consider low liquidity conditions it cannot spike up so much when it was down for most of the US session
Do you mean in the last couple of hours? Yes, I was watching it too and it made me very frustrated to say the least. I wasn't completely tuned into the market at the time, so I have no one to beat up other than myself...

Basically, the US Dollar was weakening during that time, as can (kind of) be seen from the image below. I just took this screenshot a few minutes ago, so it's a bit outdated now, but the area that I highlighted/circled in red (ie: all the USD/xxx pairs), was basically filled up with a lot more red (from 1M to 1H), telling me that the USD was weakening during that time.

I was almost going to post here and say, What's up? Is the Fed intervening? I really think that they might have because it's in their interest to NOT have U/J skyrocket to the moon so quickly, ie: it's another form of "kicking the can down the road"...

Of course, I cannot prove that the Fed just intervened, but for some reason, that is what my gut is telling me. If you watched the order flow closely during that time, it was pretty obvious that there were some MASSIVE sellers just then and there... and ONE of those sellers could have been The Fed.
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  • #50,066
  • Nov 11, 2014 7:27pm Nov 11, 2014 7:27pm
Quoting smash1820
{quote} Do you mean in the last couple of hours? Yes, I was watching it too and it made me very frustrated to say the least. Basically, the US Dollar was weakening during that time, as can (kind of) be seen from the image below. I just took this screenshot a few minutes ago, so it's a bit outdated now, but the area that I highlighted/circled in red (ie: all the USD/xxx pairs), was basically filled up with a lot more red (from 1M to 1H), telling me that the USD was weakening during that time. I was almost going to post here and say, What's up? Is...
watch the three pairs today. eur/usd, gbp/usd and aud/usd. they may have a clue to what usd/jpy will do. gbp/usd my guess is going to make an attempt at 1.60. By the way I made money shorting usd/jpy yesterday and still have my two shorts pending from 114.98 and 115.34. FED will not intervene but if USD data disappoints dollar will fall. Also historically dollar never rallied after mid november.
  • #50,067
  • Nov 11, 2014 7:28pm Nov 11, 2014 7:28pm
the sell stops are building at 115.20-115.08 area. this time there is no bullet which the japanese can fire to take it back.
  • #50,068
  • Nov 11, 2014 7:30pm Nov 11, 2014 7:30pm
Quoting giveachance
watch the three pairs today. eur/usd, gbp/usd and aud/usd. they may have a clue to what usd/jpy will do. gbp/usd my guess is going to make an attempt at 1.60. By the way I made money shorting usd/jpy yesterday and still have my two shorts pending from 114.98 and 115.34. FED will not intervene but if USD data disappoints dollar will fall. Also historically dollar never rallied after mid november.
Hey... that's not very nice.

Why did you ask the question if you're not even going to listen to the response?
Please check out my blog at https://from-zero-to-hero . net
  • #50,069
  • Nov 11, 2014 7:31pm Nov 11, 2014 7:31pm
Quoting giveachance
{quote}
i made up for that with today's lil stint as it rallied back up + the short that just kicked in like an hr ago.
  • #50,070
  • Edited 8:08pm Nov 11, 2014 7:42pm | Edited 8:08pm
short here again 115.60. I can't see it catching up now 116.09 and will be surprised if it does so. right now market is uncertain abt Abe and in uncertainty it best to go for protection which is JPY buying.
  • #50,071
  • Nov 11, 2014 8:02pm Nov 11, 2014 8:02pm
Now some more bullshit to cause rally from 115.40

Jiji press: LDP and Komeito officials met to discuss possible elections

I wonder when what will happen when all the news dries out
  • #50,072
  • Nov 11, 2014 8:05pm Nov 11, 2014 8:05pm
Gidday YEN Masters

Was watching CNBC

They got some dude talking 1.45

If we see a lower level 114 etc

Would be good to lock in some longs

But this pile of turds can retrace as we know

so I been clipping the ticket often.

But it could explode up also to 117 etc
  • #50,073
  • Nov 11, 2014 8:08pm Nov 11, 2014 8:08pm
cmon asshole some more news or else get ready to be fucked this time around all the way back to 112
  • #50,074
  • Nov 11, 2014 8:13pm Nov 11, 2014 8:13pm
Quoting eliteincome
Gidday YEN Masters Was watching CNBC They got some dude talking 1.45 If we see a lower level 114 etc Would be good to lock in some longs But this pile of turds can retrace as we know so I been clipping the ticket often. But it could explode up also to 117 etc
1.45?

and yeah i beeen clipping quick, when it retraces i reload then get few pips and close out, might hold on to this one now for a bit though
  • #50,075
  • Nov 11, 2014 8:16pm Nov 11, 2014 8:16pm
retarded idiots. declaring all news on one day.
  • #50,076
  • Nov 11, 2014 8:18pm Nov 11, 2014 8:18pm
http://www.marctomarket.com/2014/11/...etter-bid.html

this article will show why the volatility yesterday and today has happened....
  • #50,077
  • Edited 8:36pm Nov 11, 2014 8:24pm | Edited 8:36pm
Giveachance,

I used to talk like you. Now I try to be a bit more polite (unless someone... you know who you are... ticks me off).

In fact, there is a direct correlation between your attitude and the behavior of the market.

If you are swearing and fucking talking like this shit all the goddamn time, then you are probably losing, or at least sitting in a losing trade.

You're better off to just close the position now, switch immediately (take the opposite side), and then wait.

Like now... for instance. This market is not going lower. It is going higher still. Much higher.

PS: Eliteincome, hope you are well bro! But I do not watch CNBC anymore. I used to. It is good for intraday daytrading of the US equity markets, but that's about it. I do like the show "Options Action" however that airs on Fridays. That is one of the things that got me into options trading. Anyways, my point is... it's MUCH better to completely forget the "professional" analysis (ie: banks, hedge funds, CNBC, television, media, whatever)... and just form your own opinions instead!

I am so serious about this... I don't even care about fucking news events!
Please check out my blog at https://from-zero-to-hero . net
  • #50,078
  • Nov 11, 2014 8:28pm Nov 11, 2014 8:28pm
Quoting smash1820
Giveachance, I used to talk like you. Now I try to be a bit more polite (unless someone... you know who you are... ticks me off). In fact, there is a direct correlation between your attitude and the behavior of the market. If you are swearing and fucking talking like this shit all the goddamn time, then you are probably losing, or at least sitting in a losing trade. You're better off to just close the position now, switch immediately, and then wait. Like now... for instance. This market is not going lower. It is going higher still. Much higher....
don't worry I am making money today.
  • #50,079
  • Nov 11, 2014 8:30pm Nov 11, 2014 8:30pm
Quoting smash1820
Giveachance, I used to talk like you. Now I try to be a bit more polite (unless someone... you know who you are... ticks me off). In fact, there is a direct correlation between your attitude and the behavior of the market. If you are swearing and fucking talking like this shit all the goddamn time, then you are probably losing, or at least sitting in a losing trade. You're better off to just close the position now, switch immediately, and then wait. Like now... for instance. This market is not going lower. It is going higher still. Much higher....
We'll see how it tests the rising trendline at about 114.3.

You're right about the vulgarity, of course. When you're off spouting blue words, it lends a certain distaste to the discussion. People tend to disregard rudeness and won't hear a word you actually say, whether it is truthful or not. So if you want to be heard and your opinion considered, play nice.

  • #50,080
  • Nov 11, 2014 8:30pm Nov 11, 2014 8:30pm
USDJPY is starting to exhibit sluggish climb tenor. This is what usually happens shortly before some heavy holders drop the load.

Be careful fellow traders. I know the buy bug is hot on the lips of most everybody watching. I have made many mistakes over the years,and buying my share of at the money tops or bottoms. They were some of the most painful stories. You get in feeling groovy go the kitchen for a minute or two. Come back and WHAT THE..! Leaves you hanging on for that what did look like a Can't Go Wrong It will Come Back Trade.
"Look Left Think Right"
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