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USD/JPY Discussion

  • #50,581
  • Nov 18, 2014 8:08pm Nov 18, 2014 8:08pm
Quoting JTattheRanch
I know what you're really doing. You're throwing your opinion out there every hour that your shorting hoping to move or sway some and then they sway some and so on into shorting so the USD/yen keeps going up. It's cool. Nice play.
what? Even if you told every single person you know to take a trade in either direction it wouldn't move the price a fraction of a pip. lol
  • #50,582
  • Nov 18, 2014 8:09pm Nov 18, 2014 8:09pm
Quoting JTattheRanch
{quote} It can easily go to 200.00
I wish I was long for that!
  • #50,583
  • Nov 18, 2014 8:10pm Nov 18, 2014 8:10pm
Quoting thegmann
{quote} what? Even if you told every single person you know to take a trade in either direction it wouldn't move the price a fraction of a pip. lol

You'd be surprised at the communication power of the internet.
  • #50,584
  • Nov 18, 2014 8:12pm Nov 18, 2014 8:12pm
Quoting JTattheRanch
{quote} You'd be surprised at the communication power of the internet.
lol
  • #50,585
  • Nov 18, 2014 8:13pm Nov 18, 2014 8:13pm
Quoting NoCoolNick
{quote} Without looking at charts but we just recently had the 110 to 105 drop!!!! Be sure more will come, and the next is around the corner. Trends never last forever without bumps
so think about a drop from 120 to 115 .. not specifically you but alot of people think this will touch 105 and under, NOT HAPPENING

the diverging monetary policies of US vs rest of world will keep dollar a buy on dips for a long time (unless something devastating happens)
  • #50,586
  • Nov 18, 2014 8:13pm Nov 18, 2014 8:13pm
@thegman lol Shit IDK with how thin the market has been lately it probably would!!!


JUST kidding but seriously LOL at the liquidity


EDIT: Bring on 120
  • #50,587
  • Nov 18, 2014 8:15pm Nov 18, 2014 8:15pm
Quoting JTattheRanch
{quote} THink it was more like 110-106 and the odds of hitting that perfectly at 110 sell position and taking profit at 106 is about 1-30.
Actually looking back a couple of years you will find plenty of 3-400 pip drops and even bigger. And sayimg people should long and risk a drawdown of 3-500 pips is okay? We all trade diferent timeframed remember that. I only look for the short swings, dont care where price should be next week.. just saying
I don't even have a cool signature
  • #50,588
  • Nov 18, 2014 8:16pm Nov 18, 2014 8:16pm
Quoting NoCoolNick
{quote} Actually looking back a couple of years you will find plenty of 3-400 pip drops and even bigger. And sayimg people should long and risk a drawdown of 3-500 pips is okay? We all trade diferent timeframed remember that. I only look for the short swings, dont care where price should be next week.. just saying
  • #50,589
  • Nov 18, 2014 8:18pm Nov 18, 2014 8:18pm
Quoting JTattheRanch
{quote} Yen price controls the Nikkei, not the other way around.
i guess it depends on the point of view, my experience tells me it's the way i said, and it works for me since 2011, every single day. furthermore, the reason is objective: nikkei is a transparent market, fx is not. every day i pull up M1/M5 charts of both, the nikkei is pointing down, and i see the banksters to push the UJ up although its way is already determined down.. and vice versa.. i see nikkei bouncing off a demand area with clear volume (following stopping volume on a dip) - the way of nikkei is already clear up, but i see the UJ being pushed down artificilally although it's determined to go up.. almost free money there scalping that.. just open minute charts of both.. but maybe i just see it differently,, we both can be right and make money it's just the point of view.
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  • #50,590
  • Nov 18, 2014 8:27pm Nov 18, 2014 8:27pm
Quoting poseikwame
well overall bias for this pair is BULLISH 120 might be its resting point before heading further!!... Daily 100-200 drop happens but quickly recovers itself and also raises about 200-300 pips... keep in mind... you will be doomed to think this is heading back down to 102-110 region anytime soon!!
Sounds reasonable. If I was long-term buying, I'd have my stop below 115.65 for sure...
  • #50,591
  • Nov 18, 2014 8:31pm Nov 18, 2014 8:31pm
sometimes you just gotta go with your feels ya feel?

I feel greedy bankers taking profits after another run up to 117 on information made available and known already. Nothing new to see tonight from Abe except much needed liquidity to take profits for another run up.
  • #50,592
  • Nov 18, 2014 8:31pm Nov 18, 2014 8:31pm
Quoting benaiah
Can someone please explain to the new guy how big the Forex market is, and impossible it would be for one guy on the FF forum to "sway" the market. Unbelievable.
About 10,000 different traders and mostly new traders look at this site each day.

They see you post your "edge" on here for EVERYONE AND THEIR DOG to see. Not so much of an edge anymore.


Those 10,000 per day, alot of them go to other sites and may post what was read on this site. So now 10,000 more per day see your "edge".

Before lone like maybe a month or two and about 1,000,000 different traders know youre "edge".

Those 1,000,000 million traders move the market and ARE the opposite of the market. Their brokers hold all the strings as they're money managers. They are forced to take an opposite position of thses million traders.

It adds up.

The Forex market can be moved. It's not as big as you think. Most of the counter positions are done with futures contracts and not with the actual cash.
  • #50,593
  • Nov 18, 2014 8:33pm Nov 18, 2014 8:33pm
Quoting JTattheRanch
{quote} Yen price controls the Nikkei, not the other way around.
current nikkei PA suggests a drop in UJ.. probably to 116,80ish again.. let's see
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  • #50,594
  • Nov 18, 2014 8:35pm Nov 18, 2014 8:35pm
Quoting MaryJane
{quote} current nikkei PA suggests a drop in UJ.. probably to 116,80ish again.. let's see
yeah, whatever. It's more the price of the yen that controls the Nikkei though. But sure, it's ok to look at.
Also a drop to 116.80 is not a drop. A drop would be 110.00
  • #50,595
  • Nov 18, 2014 8:37pm Nov 18, 2014 8:37pm
Quoting JTattheRanch
{quote} yeah, whatever. It's more the price of the yen that controls the Nikkei though. But sure, it's ok to look at. Also a drop to 116.80 is not a drop. A drop would be 110.00
...alright im done listening now
  • #50,596
  • Nov 18, 2014 8:39pm Nov 18, 2014 8:39pm
Most of you don't even understand that the market does the OPPOSITE OF THE FOREX RETAIL CUSTOMERS OVERALL POSITION.

Don't ever forget that.
  • #50,597
  • Nov 18, 2014 8:57pm Nov 18, 2014 8:57pm
hate this tentative shit from japan....
  • #50,598
  • Nov 18, 2014 9:05pm Nov 18, 2014 9:05pm
I was expecting some kind of move, but early in the hour and Nothing. Oh well.
  • #50,599
  • Nov 18, 2014 9:09pm Nov 18, 2014 9:09pm
118 in less than 2hrs... Higher we goooo!!
  • #50,600
  • Nov 18, 2014 9:09pm Nov 18, 2014 9:09pm
Quoting Trendzalore
I was expecting some kind of move, but early in the hour and Nothing. Oh well.
no sooner you post this... then boom!
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