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USD/JPY Discussion

  • #50,081
  • Nov 11, 2014 10:32pm Nov 11, 2014 10:32pm
i went short this pair at 115.77, s/l 116.30, t/p 113.77
  • #50,082
  • Nov 11, 2014 10:36pm Nov 11, 2014 10:36pm
And let us not forget there is still a gaping hole just below 112.7.
  • #50,083
  • Nov 11, 2014 10:37pm Nov 11, 2014 10:37pm
Quoting csc2009
{quote} I agree, 117.50 looks like important resistance as 114 act as a strong level of support.
Failure to sustain the break of 115.70 caused the pair to re-fuel its rally towards 117.50.
  • #50,084
  • Nov 11, 2014 10:38pm Nov 11, 2014 10:38pm
Well good luck to all the shorts here, because I personally think they will need it.

I am watching GBP/JPY right now, since it is a bit more bullish than USD/JPY is, and it also has very close ties to the S&P 500, and all I know is that GJ is lookin' pretty damn good right now

Quoting Fx_Anil
Failure to sustain the break of 115.70 caused the pair to re-fuel its rally towards 117.50.
We're ALWAYS on the same page
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  • #50,085
  • Nov 11, 2014 10:40pm Nov 11, 2014 10:40pm
Quoting smash1820
Well good luck to all the shorts here, because I personally think they will need it. I am watching GBP/JPY right now, since it is a bit more bullish than USD/JPY is, and it also has very close ties to the S&P 500, and all I know is that GJ is lookin' pretty damn good. {quote} We're ALWAYS on the same page!
this pair is only going up because euro, pound and aussie are pathetic. trust me a massive squeeze in any of these pairs will hammer the pair
  • #50,086
  • Nov 11, 2014 10:42pm Nov 11, 2014 10:42pm
Quoting smash1820
Well good luck to all the shorts here, because I personally think they will need it. I am watching GBP/JPY right now, since it is a bit more bullish than USD/JPY is, and it also has very close ties to the S&P 500, and all I know is that GJ is lookin' pretty damn good right now {quote} We're ALWAYS on the same page
i agree,
  • #50,087
  • Nov 11, 2014 10:42pm Nov 11, 2014 10:42pm
Quoting giveachance
this pair is only going up because euro, pound and aussie are pathetic. trust me a massive squeeze in any of these pairs will hammer the pair
Well I'm super-bullish GJ so I guess that means a "massive squeeze" in those pairs is not going to happen...

I don't care WHY it's going up..... I just care about
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  • #50,088
  • Nov 11, 2014 10:44pm Nov 11, 2014 10:44pm
Quoting smash1820
Well I'm super-bullish GJ so I guess that means a "massive squeeze" in those pairs is not going to happen... I don't care WHY it's going up..... I just care about
PLUS, on top of that, USD is strengthening massively right now, or at least will soon
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  • #50,089
  • Nov 11, 2014 10:45pm Nov 11, 2014 10:45pm
Quoting smash1820
{quote} PLUS, on top of that, USD is strengthening massively right now, or at least will soon
USD is strngthening because there is no data for US dollar to react to. nothing from europe in the past 2 days,
  • #50,090
  • Nov 11, 2014 10:46pm Nov 11, 2014 10:46pm
Quoting smash1820
Well good luck to all the shorts here, because I personally think they will need it. I am watching GBP/JPY right now, since it is a bit more bullish than USD/JPY is, and it also has very close ties to the S&P 500, and all I know is that GJ is lookin' pretty damn good right now {quote} We're ALWAYS on the same page
SPX has been rolling on fumes and pure, unadulterated hype for the past two weeks. Don' t believe what you hear about "Santa Claus rallies."
All-time highs in equities and the US 10-year yield is still 2.36. If there were really upside pressure in equities, the yield should now be sitting above 2.6%.
Gasoline and other commodities are plunging on the back of USD strength; a situation that is untenable over the medium-term.
We may not see a bottom in SPX until February.

  • #50,091
  • Nov 11, 2014 10:52pm Nov 11, 2014 10:52pm
Quoting PoundTrader
there is no such thing as luck in trading, either you can or can't trade {image}
No such thing as luck, but there is a thing called 'etiquette'. I try to be nice, unless I have a reason to be mean.

Also, sure, you can make a few pips short here to the downside. I could too. But right now I'm working on some other things as I'm trading so I'd rather be a bit more patient and that means trade long (I am only trading to the long side, currently). If you don't exit your short(s) soon, you will likely regret it. Granted, we ARE in the pullback/retracement phase right now as I write this...

Quoting Orly
SPX has been rolling on fumes and pure, unadulterated hype for the past two weeks. Don' t believe what you hear about "Santa Claus rallies." All-time highs in equities and the US 10-year yield is still 2.36. If there were really upside pressure in equities, the yield should now be sitting above 2.6%. Gasoline and other commodities are plunging on the back of USD strength; a situation that is untenable over the medium-term. We may not see a bottom in SPX until February.
I don't really trade SPX or SPY anymore. I used to trade it a lot more but for now my focus is still on FX. I'm not invested in SPX, but my mom is (I manage a little bit of money for her), and I know that it's still strong as heck, even though I haven't looked at a chart in over two weeks! It has been making new high after new high because it is making those highs with a depreciated currency that, over time, is worth less and less. Which means, if you care about investing, all that talk you hear on CNBC or the newspaper or who knows about how the market is overvalued just isn't true. It's like the U/J market. SPX and GJ go hand-in-hand. So, yes, while we are technically in "retracement" mode now for dollar-yen, the market is still strong, the dollar is still strong, and that means we will continue to make new high after new high until the indefinite future.
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  • #50,092
  • Nov 11, 2014 10:53pm Nov 11, 2014 10:53pm
Quoting smash1820
{quote} No such thing as luck, but there is a thing called 'etiquette'. I try to be nice, unless I have a reason to be mean. Also, sure, you can make a few pips short here to the downside. I could too. But right now I'm working on some other things as I'm trading so I'd rather be a bit more patient and that means stay long. If you don't exit your short(s) soon, you will likely regret it. Granted, we ARE in the pullback/retracement phase right now as I write this... {quote}
boss don't teach us. you may be warren buffet or stanley drunkenmiller we give a shit.
  • #50,093
  • Nov 11, 2014 10:54pm Nov 11, 2014 10:54pm
Quoting smash1820
{quote} No such thing as luck, but there is a thing called 'etiquette'. I try to be nice, unless I have a reason to be mean. Also, sure, you can make a few pips short here to the downside. I could too. But right now I'm working on some other things as I'm trading so I'd rather be a bit more patient and that means stay long. If you don't exit your short(s) soon, you will likely regret it. Granted, we ARE in the pullback/retracement phase right now as I write this... {quote} I don't really trade SPX or SPY anymore. I used to trade it a lot more but...
I'm in the same boat. My mother-in-law is here for another eight days.

:/

Here comes another push at 115.
  • #50,094
  • Nov 11, 2014 11:01pm Nov 11, 2014 11:01pm
I guess I do regret not going short. Honestly, I wasn't expecting it to be such a big retracement. But that is life. Oh well. I'll catch the next train. There is always one boarding or leaving.
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  • #50,095
  • Nov 11, 2014 11:54pm Nov 11, 2014 11:54pm
Quoting smash1820
I guess I do regret not going short. Honestly, I wasn't expecting it to be such a big retracement. But that is life. Oh well. I'll catch the next train. There is always one boarding or leaving.
keep your muppet views to yourself.
  • #50,096
  • Nov 12, 2014 12:49am Nov 12, 2014 12:49am
Oanda Order Book Ratio keeps increasing the long side yet price is not pulling up. Looks like all retail money rolling in.
"Look Left Think Right"
  • #50,097
  • Nov 12, 2014 1:18am Nov 12, 2014 1:18am
Quoting PoundTrader
i went short this pair at 115.77, s/l 116.30, t/p 113.77
i think now might be the time to set this trade at BREAKEVEN im gonna give it a few more pips down before i do
  • #50,098
  • Nov 12, 2014 1:32am Nov 12, 2014 1:32am
Quoting PoundTrader
{quote}i think now might be the time to set this trade at BREAKEVEN im gonna give it a few more pips down before i do
Actually, now should be the time that you WANT to hold on to your short, not get rid of it.

And no, I am not telling you how to trade... well, at least, only if you think so
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  • #50,099
  • Nov 12, 2014 1:44am Nov 12, 2014 1:44am
Quoting PoundTrader
WTF are you talking about, did i say anything about closing my trade, you got issues {image}
I don't know? What am I talking about?

I think you're just mad and bitter that I unsubscribed from you.

You didn't say anything about closing your trade, but you implied it.

I have issues? OK..... I'm not the one who see's dumb people.
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  • #50,100
  • Nov 12, 2014 2:01am Nov 12, 2014 2:01am
Gidday Yen

Hard case

I see dumb people

Closed a short from 116

Come on 116
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