That is quite the difference.. guess it will all depend on the fed on the 16th..
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
usd/jpy h4{image}
same here ...
Money is made by sitting, not trading. Jesse L. Livermore
- Joined Aug 2013 | Status: Trader | 4,057 Posts
Fed has already decided to raise. Of course it is not absolutely a 100% done deal. Close enough. The question is the wording of the statement and the guidance they give for how soon other raises (if any and how much) might happen.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Let investigate the chances of buying activity at this correction through time (updated and merged post in 1 minute) :
It seem this correction is forming above important support zone . In my opinion, is waiting for a buying catalyst . This may be the Open London in about 00:30 minutes, who know. But I am looking only for buy from here. If the price exceed the SL level, I will also look for buy only but will adjust to market conditions and new informations that appear :
It seem this correction is forming above important support zone . In my opinion, is waiting for a buying catalyst . This may be the Open London in about 00:30 minutes, who know. But I am looking only for buy from here. If the price exceed the SL level, I will also look for buy only but will adjust to market conditions and new informations that appear :
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
For those who are looking for aggresive entry but more risky than usual, here the setup :
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
For those who are looking for aggresive entry but more risky than usual, here the setup : {image}
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} Time to manage risk. Cover now . This trade become free trade. If the price further advance, then we go for trailing stop, if it turn against we should lose 0% : {image}
Money moves the market, not an indicator.
{quote} I read 135 by the end of 2016 from GS http://www.reuters.com/article/us-ma...pmXSvXHZC9F.97 Goldman forecast the dollar/yen would be at 135 yen at the end of 2016, and at 140 yen at the end of 2017. And here is I read 115 by the end of 2016 http://www.bloomberg.com/news/articl...th-boj-on-hold In what it calls an "out-of-consensus" prediction, the bank said it expects Japans currency to strengthen to 115 against...
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.
- Joined Feb 2012 | Status: On a Pip Diet | 1,806 Posts
To live a successful life, we must lose our fear of being wrong
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,336 Posts
{quote} Time to lock little profits from covering action . If the price continue upward then we go for trailling, if not, then at least we got little profit. {image}
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,336 Posts
{quote} Raising rates means stronger dollar which means a weaker YEN or so we would assume. Surely the guys at GS and MS must know this. With that in mind one would assume the guys at GS with their call of 135 YEN by the end of 2016 would be correct so why would the guys at MS forecast 115 when they us surely know that the FED is going to raise rates and the dollar will strengthen against the YEN amongst other currencies.
I'd say consensus is for a few small raises over 2016. So although the Euro vs the Dollar, and maybe the Pound, are expected to weaken over the next year - is the Yen?