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USD/JPY Discussion

  • #50,101
  • Edited 12:35am Nov 12, 2014 12:16am | Edited 12:35am
UJ appears to be climbing in a rising wedge
  • #50,102
  • Nov 12, 2014 1:21am Nov 12, 2014 1:21am
Abe/Kuroda will eat you if you're short.

You may get lucky and milk a few pips, in which case good for you. But I'd urge those wanting to short to keep tight stops as the BoJ has heaps of ammo left for the rest of the year to prop the nikkei and down the ¥ (several billion bucks USD... eek).

Be careful guys, these central banks give no warning (and yes, it's in writing what it is they are attempting to do).
Corripe Cervisiam!
  • #50,103
  • Nov 12, 2014 1:26am Nov 12, 2014 1:26am
Quoting paddlepip
Abe/Kuroda will eat you if you're short. You may get lucky and milk a few pips, in which case good for you. But I'd urge those wanting to short to keep tight stops as the BoJ has heaps of ammo left for the rest of the year to prop the nikkei and down the ¥ (several billion bucks USD... eek). Be careful guys, these central banks give no warning (and yes, it's in writing what it is they are attempting to do).

  • #50,104
  • Nov 12, 2014 1:47am Nov 12, 2014 1:47am
Quoting paddlepip
Abe/Kuroda will eat you if you're short. You may get lucky and milk a few pips, in which case good for you. But I'd urge those wanting to short to keep tight stops as the BoJ has heaps of ammo left for the rest of the year to prop the nikkei and down the ¥ (several billion bucks USD... eek). Be careful guys, these central banks give no warning (and yes, it's in writing what it is they are attempting to do).

Well said !!!

115.300 - 115.200 seem to be holding well after japan close. Lets see what the London, Europe & US markets will do.
  • #50,105
  • Nov 12, 2014 2:08am Nov 12, 2014 2:08am
every one says it wil go to 120 but stuck in 115.29 when it will grow up??
  • #50,106
  • Nov 12, 2014 2:52am Nov 12, 2014 2:52am
Quoting sahayak
every one says it wil go to 120 but stuck in 115.29 when it will grow up??
It may take days to recommence progressing. Personally, I would not be shorting here.
  • #50,107
  • Nov 12, 2014 3:35am Nov 12, 2014 3:35am
Quoting PoundTrader
i went short this pair at 115.77, s/l 116.30, t/p 113.77
OK i close 500k at 115.13 for a quick 64 pip gain, put the other 500k at breakeven 115.77
  • #50,108
  • Nov 12, 2014 4:50am Nov 12, 2014 4:50am
If Japan goes for snap election in Dec 2014, would the Yen weaken further?

Any comments?
  • #50,109
  • Nov 12, 2014 4:53am Nov 12, 2014 4:53am
Quoting pohchuan
If Japan goes for snap election in Dec 2014, would the Yen weaken further? Any comments?
Very likely.

Political chaos could wreak havoc to the yen pairs....
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #50,110
  • Nov 12, 2014 5:16am Nov 12, 2014 5:16am
Quoting Lacunoide
{quote} Very likely. Political chaos could wreak havoc to the yen pairs....
...and if Abe's policies or even Abe himself get called into question, the whole "print to the moon" concept may be dead in the water.

  • #50,111
  • Nov 12, 2014 5:28am Nov 12, 2014 5:28am
Quoting pohchuan
If Japan goes for snap election in Dec 2014, would the Yen weaken further? Any comments?
I'm not sure that the yen will automatically continue weakening. If Abe goes, could see Abenomics go. If there's chaos, this could create risk aversion.

IMO: best thing. is to follow what the market provides, and not assume anything.
  • #50,112
  • Nov 12, 2014 5:38am Nov 12, 2014 5:38am
easy pips from here guys, follow the market and not what everbody else is screaming
  • #50,113
  • Nov 12, 2014 5:39am Nov 12, 2014 5:39am
Quoting smash1820
{quote} 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
so how is your call on superbullish GJ doing?????????????????

  • #50,114
  • Nov 12, 2014 5:39am Nov 12, 2014 5:39am
Quoting PoundTrader
easy pips from here guys, follow the market and not what everbody else is screaming


Hourly close below 115 would confirm a double top and go down another 100 pips or so
  • #50,115
  • Nov 12, 2014 5:43am Nov 12, 2014 5:43am
Quoting giveachance
{quote} so how is your call on superbullish GJ doing?????????????????
  • #50,116
  • Nov 12, 2014 5:44am Nov 12, 2014 5:44am
Quoting PoundTrader
easy pips from here guys, follow the market and not what everbody else is screaming
yup in the morning one muppet got chopped. this can still go either way but 117 looks difficult now
  • #50,117
  • Nov 12, 2014 5:44am Nov 12, 2014 5:44am
The first test will be the rising trendline.
The second test will be the gap.

There is an open Fall Line at about 108.9. http://www.forexfactory.com/showthread.php?t=496501

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  • #50,118
  • Nov 12, 2014 5:44am Nov 12, 2014 5:44am
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
  • #50,119
  • Nov 12, 2014 5:51am Nov 12, 2014 5:51am
Quoting giveachance
{quote} yup in the morning one muppet got chopped. this can still go either way but 117 looks difficult now
i agree, i just trade my system and don't come on here yelling witch way it's gonna go
  • #50,120
  • Nov 12, 2014 5:53am Nov 12, 2014 5:53am
I only see a channel so far
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