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USD/JPY Discussion

  • #53,161
  • Dec 10, 2014 7:30pm Dec 10, 2014 7:30pm
l o n g .....

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  • #53,162
  • Dec 10, 2014 7:32pm Dec 10, 2014 7:32pm
Quoting Ken A
l o n g ..... {image}
good bottom picker
just joking
As Above, So Below
  • #53,163
  • Dec 10, 2014 7:40pm Dec 10, 2014 7:40pm
Quoting tashkent
{quote} good bottom picker just joking
Market condition hasn't changed yet (no reason to rally) - just remember to book some profits nearing supply zone if you are long ....

Just closed one long for around +50 pips - enough to pay for the stop another long at 117.50x ... free trade now - stress free ...

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Level to watch 118.30/50
  • #53,164
  • Dec 10, 2014 7:50pm Dec 10, 2014 7:50pm
You guys are stuck trading JPY while I have moved on to NZD...

Just pull up a chart and you'll see why.
Please check out my blog at https://from-zero-to-hero . net
  • #53,165
  • Dec 10, 2014 7:52pm Dec 10, 2014 7:52pm
Quoting smash1820
You guys are stuck trading JPY while I have moved on to NZD... Just pull up a chart and you'll see why.
Nice, did you bank some decent profit from the move?
  • #53,166
  • Dec 10, 2014 7:54pm Dec 10, 2014 7:54pm
It is amazing how this Yen can just easily move 60+ pips on basically Nothing! Looks like it's a good scalper just have to make sure to not be on the knifes edge when it decides to pivot.
"Look Left Think Right"
  • #53,167
  • Dec 10, 2014 7:56pm Dec 10, 2014 7:56pm
Quoting Sunsilk
Nice, did you bank some decent profit from the move?
Yes, I made some, but not as much as I should have made. The move isn't finished yet though, so I plan on making more still.

Quoting CurrencyAnalyst
It is amazing how this Yen can just easily move 60+ pips on basically Nothing! Looks like it's a good scalper just have to make sure to not be on the knifes edge when it decides to pivot.
That's why fundamental analysis is bullshit!
Please check out my blog at https://from-zero-to-hero . net
  • #53,168
  • Dec 10, 2014 8:01pm Dec 10, 2014 8:01pm
The Dow was down nearly 300 points today. Oil is getting so low I'm just waiting patiently to trade it long again. The U.S. had it's revolving government needs money or shut down scandal this week. The Yen is losing the limelight as being a one man show. I wonder if the rest of the world is getting jealous and starved for attention. Might just sum things up as Mad money swapping spit here tonight.
"Look Left Think Right"
  • #53,169
  • Dec 10, 2014 8:02pm Dec 10, 2014 8:02pm
Quoting smash1820
{quote} Yes, I made some, but not as much as I should have made. The move isn't finished yet though, so I plan on making more still. {quote} That's why fundamental analysis is bullshit!
I second that. Seems some peeps never learn.
  • #53,170
  • Dec 10, 2014 8:06pm Dec 10, 2014 8:06pm
Quoting skyway
{quote} I second that. Seems some peeps never learn.
negative
  • #53,171
  • Dec 10, 2014 8:08pm Dec 10, 2014 8:08pm
fundamentals are for very long term traders who hold positions for months. there are people who talk about macroeconomics and trade 5 minute chart
As Above, So Below
  • #53,172
  • Dec 10, 2014 8:10pm Dec 10, 2014 8:10pm
Quoting CurrencyAnalyst
The Dow was down nearly 300 points today. Oil is getting so low I'm just waiting patiently to trade it long again. The U.S. had it's revolving government needs money or shut down scandal this week. The Yen is losing the limelight as being a one man show. I wonder if the rest of the world is getting jealous and starved for attention. Might just sum things up as Mad money swapping spit here tonight.
Dow, S&P, and Nasdaq are all correlated to GBP/JPY. It serves as an excellent proxy for US markets. Needless to say, it's not painting a pretty picture LOL
Please check out my blog at https://from-zero-to-hero . net
  • #53,173
  • Dec 10, 2014 8:12pm Dec 10, 2014 8:12pm
Quoting tashkent
fundamentals are for very long term traders who hold positions for months. there are people who talk about macroeconomics and trade 5 minute chart
.............
  • #53,174
  • Dec 10, 2014 8:12pm Dec 10, 2014 8:12pm
However to satisfy the darker inward side of this USDJPY I'd say after a mechanized run up to sub level 122. Real money position squaring on the book fills futures side are more likely the driving force behind this spot instrument. The moves are organized and swift, keeping off The knifes edge is the key for safe action.

December J1Z14 contract expires 12/15. For March to become Front month. It's order flow has appeared to me to be leading rather than lagging this spot.
"Look Left Think Right"
  • #53,175
  • Dec 10, 2014 8:13pm Dec 10, 2014 8:13pm
Quoting CurrencyAnalyst
However to satisfy the darker inward side of this USDJPY I'd say after a mechanized run up to sub level 122. Real money position squaring on the book fills futures side are more likely the driving force behind this spot instrument. The moves are organized and swift, keeping off The knifes edge is the key for safe action. December J1Z14 contract expires 12/15. For March to become Front month. It's order flow has appeared to me to be leading rather than lagging this spot.
Just look at a basic chart dude. That's all you need. LOL
Please check out my blog at https://from-zero-to-hero . net
  • #53,176
  • Dec 10, 2014 8:17pm Dec 10, 2014 8:17pm
Quoting smash1820
{quote} Just look at a basic chart dude. That's all you need. LOL
Stopped chart watching many trading hours ago. Just use a futures exchange price ladder and following known and rumored option expires levels.

With spot all you have it's charts unfortunately so when I trade spot I use the futures order flow for that currency.


Though I have found the "Ichimoku Kinko Hyo" system thats very old... To be an excellent chart tool.
"Look Left Think Right"
  • #53,177
  • Dec 10, 2014 8:20pm Dec 10, 2014 8:20pm
Quoting CurrencyAnalyst
{quote} following known and rumored option expires levels.
whats your source for this info?
Do what's right for you
  • #53,178
  • Dec 10, 2014 8:26pm Dec 10, 2014 8:26pm
Quoting momochi
{quote} whats your source for this info?

There is no single source, You have to understand how to read options data flow, as well as see the trading instruments that have a direct interest to the unit your trading. You have plain vanilla 10 AM EST Cut expiries. As well as the Option Barrier rumors.

This is truly whats steering the price yet it is time specific as well as time dependent. It is probably the most valuable asset one can learn to use for trading, yet not many take the time to learn it. :nerd:
"Look Left Think Right"
  • #53,179
  • Dec 10, 2014 8:49pm Dec 10, 2014 8:49pm
week ago i posted this chart formation and I think its almost valid
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  • #53,180
  • Dec 10, 2014 9:20pm Dec 10, 2014 9:20pm


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