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USD/JPY Discussion

  • #59,401
  • Feb 12, 2016 7:34pm Feb 12, 2016 7:34pm
Expect to see some major gains for Nikkei on Monday next week
  • #59,402
  • Feb 13, 2016 10:12am Feb 13, 2016 10:12am
wouldnt be short this one for a while

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  • #59,403
  • Feb 13, 2016 3:11pm Feb 13, 2016 3:11pm
I think we are clear at this stage about the direction on JPY Futures!
God save stocks and Kuroda!
After breaking 116 support JPY gained even more steam and rallied againt all majors. USDJPY had another leg down, attacting more bears into the market.
Nobody bought into a negative interest rates policy!
Non-Commercials remained on the NET LONG side. This week they decreased both sides on the transactions: Longs by 6.2K but at the same time they dumped twice as much long positions. This should support the current downtrend in USDJPY. The next technical support is @ 105.
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HumbleTraders
  • #59,404
  • Feb 13, 2016 4:03pm Feb 13, 2016 4:03pm
So keep selling?
  • #59,405
  • Feb 13, 2016 10:03pm Feb 13, 2016 10:03pm
Quoting skyhok
Short on a 5th wave target 110.50 {image}

Hi skyhok I see your stop loss is just below the down trend line you have drawn from ii to {iv}. I'm curious, why would you put your stop loss just below this tend line and

not just above it risking a few more pips, but giving your SL better protection?
  • #59,406
  • Feb 14, 2016 2:41am Feb 14, 2016 2:41am
Quoting Ken A
So keep selling?
On pullbacks it seems.
HumbleTraders
  • #59,407
  • Feb 14, 2016 4:23am Feb 14, 2016 4:23am
Quoting gfscapital
I think we are clear at this stage about the direction on JPY Futures! God save stocks and Kuroda! After breaking 116 support JPY gained even more steam and rallied againt all majors. USDJPY had another leg down, attacting more bears into the market. Nobody bought into a negative interest rates policy! Non-Commercials remained on the NET LONG side. This week they decreased both sides on the transactions: Longs by 6.2K but at the same time they dumped twice as much long positions. This should support the current downtrend in USDJPY. The next technical...
While everything is possible Japan would eat shit if the YEN went to 105. With that in mind if YEN went to 105 I bet Gold would go to 1500 as well then
  • #59,408
  • Feb 14, 2016 4:53am Feb 14, 2016 4:53am
Let's see if on Monday ABE or BOJ intervene to weaken currency
http://www.businessinsider.com/afp-j...-plunge-2016-2
  • #59,409
  • Feb 14, 2016 4:53am Feb 14, 2016 4:53am
Sakakibara says: Anything between 130-110 is not a concern.
This is rather flight to save haven in my opinion. Money is scared of stocks these days.
SP500 might collapse further, if so, Yen long makes a perfect sense to me.
HumbleTraders
  • #59,410
  • Feb 14, 2016 5:24am Feb 14, 2016 5:24am
t
Quoting stylinex
Let's see if on Monday ABE or BOJ intervene to weaken currency http://www.businessinsider.com/afp-j...-plunge-2016-2
I heard this rumour from the "inner circle" as a very real possibility they are expecting the intervention this week possibly Monday for greater impact due to usd bank holiday. Looking to short around 116.5 if they intervene.
  • #59,411
  • Edited 7:48am Feb 14, 2016 7:07am | Edited 7:48am
Quoting Blackopal
{quote} Hi skyhok I see your stop loss is just below the down trend line you have drawn from ii to {iv}. I'm curious, why would you put your stop loss just below this tend line and not just above it risking a few more pips, but giving your SL better protection?
Good point there.
Since it's been an impulse wave down from 8th Feburary high, stop loss was placed rather at bottom of wave [ii] for invalidation of this wave count or view, such that positions will be stopped out if present wave [iv] touches [ii].
i.e. There's still chance for this pair in resuming downtrend on [v].
Elliott Wave for optimum entry, exit and risk management of trades
  • #59,412
  • Feb 14, 2016 11:25am Feb 14, 2016 11:25am
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  • #59,413
  • Feb 14, 2016 2:09pm Feb 14, 2016 2:09pm
USDJPY medium term 100 to 95.
Short term bounce back to 115/116.
  • #59,414
  • Feb 14, 2016 3:46pm Feb 14, 2016 3:46pm
We might have a possible bottom at the 111.00 level.
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trade idea and follow up for this week
https://www.tradingview.com/chart/US...-Day-Sell-Off/
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  • #59,415
  • Feb 14, 2016 4:24pm Feb 14, 2016 4:24pm
Only a short term bottom though i think
  • #59,416
  • Feb 14, 2016 5:03pm Feb 14, 2016 5:03pm
http://www.forexfactory.com/showthre...19#post8753319

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  • #59,417
  • Feb 14, 2016 5:07pm Feb 14, 2016 5:07pm
Agree bottom might be in place - also fter filling open gap from early Nov'15:
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  • #59,418
  • Feb 14, 2016 5:14pm Feb 14, 2016 5:14pm
USD JPY resistance test and SP500 on resistance
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  • #59,419
  • Feb 14, 2016 5:39pm Feb 14, 2016 5:39pm
Quoting Pip-Miner
t {quote} I heard this rumour from the "inner circle" as a very real possibility they are expecting the intervention this week possibly Monday for greater impact due to usd bank holiday. Looking to short around 116.5 if they intervene.
Inner Circle?
  • #59,420
  • Feb 14, 2016 5:52pm Feb 14, 2016 5:52pm
Muted effect. How boring that can get!
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