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USD/JPY Discussion

  • #57,541
  • Jul 9, 2015 10:19am Jul 9, 2015 10:19am
Break of 121.50 level would confirm further gain.
  • #57,542
  • Jul 9, 2015 4:59pm Jul 9, 2015 4:59pm
Quoting Dano12
usd jpy and SP500 GAP {image}
I see USDJPY but where is the S&P 500 gap chart?
  • #57,543
  • Jul 10, 2015 2:33am Jul 10, 2015 2:33am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_H1.gif Size: 188 KB
  • #57,544
  • Jul 10, 2015 10:17am Jul 10, 2015 10:17am
any explanation why UJ so strong today?
can't even retrace some pips
  • #57,545
  • Jul 10, 2015 10:32am Jul 10, 2015 10:32am
USDJPY short
@ 122.552
TP 121.502
SL mental of about 122.910
  • #57,546
  • Jul 10, 2015 10:51am Jul 10, 2015 10:51am
Quoting bdebaere
USDJPY short @ 122.552 TP 121.502 SL mental of about 122.910
I hope your analysis is true 😅
  • #57,547
  • Jul 10, 2015 11:51am Jul 10, 2015 11:51am
bit over priced to my liking at the moments. 122.90 could be the turining point. it is hard to break 123 with this force. if not baby will come back to old support 122 before any run.
Wise man once said "You gotta trade tomorrow as well"
  • #57,548
  • Jul 10, 2015 2:09pm Jul 10, 2015 2:09pm
A northern break after the retest could set a bullish tone
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 26 KB
Click to Enlarge Name: USDJPYWeekly.png Size: 20 KB
Come with me if you want to live....
  • #57,549
  • Jul 10, 2015 2:47pm Jul 10, 2015 2:47pm
Quoting Scoobidoobi
{quote} Any reason why did you went long on USDJPY, its better to fade USDJPY raise as it might attempt to break 120 in coming days with a RISK OFF scenario of Greece Exit/China Stock Market Crash events
Fundamental position.

#1: The country's trade balance.
They are continuing to import more to weaken their currency.
Compared to the US Dollar, Japan is weaker and a change in trade balance is the only way to reverse the weakening trend.
With interest rates rising soon in the U.S., the yen should weaken further as well.

#2. Bank of Japan's increasing reserves weakening the yen

Still have 1,000,000 Long @121.000

p.s. After several years of rising U.S. lending rates by the FOMC/Federal Reserve the shift of the US Dollar will go from strengthening to weakening.
That is the next great several year forex set up on the canadian dollar, euro and yen.

Will be back in 6 months to re-asses the market and convene.

-yeniful
  • #57,550
  • Jul 10, 2015 7:26pm Jul 10, 2015 7:26pm
Yen is very sensitive to the recent ongoing Greek crisis and volatility in Chinese equity markets, the prices are showing reverse, but upward trend does not change.
  • #57,551
  • Jul 11, 2015 12:49pm Jul 11, 2015 12:49pm
..... I think Japan(ese) bought a lot of Euro bonds a while back.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #57,552
  • Jul 13, 2015 3:42am Jul 13, 2015 3:42am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_H1.gif Size: 172 KB
  • #57,553
  • Jul 13, 2015 4:36am Jul 13, 2015 4:36am
Short @ 123.45 - Take Profit min 50 pips - Stop Loss 123,51
  • #57,554
  • Jul 13, 2015 4:46am Jul 13, 2015 4:46am
Quoting SuperMario21
Short @ 123.45 - Take Profit min 50 pips - Stop Loss 123,51
That's a very tight stop, good luck!!
  • #57,555
  • Jul 13, 2015 5:04am Jul 13, 2015 5:04am
Quoting limp
{quote} That's a very tight stop, good luck!!
When trendlines work you can use tight stops.
I hope to move it at +1 asap
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 22 KB
  • #57,556
  • Jul 13, 2015 5:19am Jul 13, 2015 5:19am
Quoting SuperMario21
Short @ 123.45 - Take Profit min 50 pips - Stop Loss 123,51
Moved stop @ 123.44...free risk
  • #57,557
  • Jul 13, 2015 6:00am Jul 13, 2015 6:00am
Quoting SuperMario21
Short @ 123.45 - Take Profit min 50 pips - Stop Loss 123,51
Hit trailing stop.. just +5 pips...
  • #57,558
  • Jul 13, 2015 6:24am Jul 13, 2015 6:24am
Quoting SuperMario21
{quote} Hit trailing stop.. just +5 pips...
It was a good call, originally, but looks like your max profit was only going to be ~ 20 pips. ...will know soon.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #57,559
  • Jul 13, 2015 6:31am Jul 13, 2015 6:31am
Quoting SuperMario21
Short @ 123.45 - Take Profit min 50 pips - Stop Loss 123,51
i think i would rather enter a buy at 123.45, MIN. TP 50 PIPS, MAX. SL 100 PIPS
  • #57,560
  • Jul 13, 2015 6:31am Jul 13, 2015 6:31am
Quoting Exodus
{quote} It was a good call, originally, but looks like your max profit was only going to be ~ 20 pips. ...will know soon.
Yes, you're right.
I'm now testing this strategy and thinking about 50 pips of profit....but probably around 20 pips was the best idea...
I will work on it.
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