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USD/JPY Discussion

  • #59,581
  • Mar 14, 2016 8:58pm Mar 14, 2016 8:58pm
yes, indeed.
it's currency wars

lower JPY = better import numbers = higher NIKKEI
  • #59,582
  • Mar 14, 2016 10:12pm Mar 14, 2016 10:12pm
OANDA before BoJ
Attached Image
  • #59,583
  • Mar 14, 2016 10:21pm Mar 14, 2016 10:21pm
Quoting openyoureyes
yes, indeed. it's currency wars lower JPY = better import numbers = higher NIKKEI
Not just currency wars. Prior to wars stock indexes go higher along with oil prices. Looks like they bought Putin out.
http://www.bbc.com/news/world-middle-east-35807689
  • #59,584
  • Mar 14, 2016 10:27pm Mar 14, 2016 10:27pm
Quoting stylinex
{quote} Not just currency wars. Prior to wars stock indexes go higher along with oil prices. Looks like they bought Putin out. http://www.bbc.com/news/world-middle-east-35807689
well, that's old:
+4-5 hours old
(already priced)
  • #59,585
  • Mar 14, 2016 10:45pm Mar 14, 2016 10:45pm
Their export numbers are bad recently. YEN appreciation does not help them.
http://asia.nikkei.com/Politics-Econ...n-weak-exports
  • #59,586
  • Mar 14, 2016 10:48pm Mar 14, 2016 10:48pm
Quoting stylinex
Their export numbers are bad recently. YEN appreciation does not help them. http://asia.nikkei.com/Politics-Econ...n-weak-exports
no rate cut, BoJ went further easing.

export numbers %70 depend on world growth (china)

UJ should move south
  • #59,587
  • Mar 14, 2016 10:50pm Mar 14, 2016 10:50pm
Quoting openyoureyes
{quote} no rate cut, BoJ went further easing. export numbers %70 depend on world growth (china) UJ should move south
That means short DAX today.
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  • #59,588
  • Mar 15, 2016 6:02am Mar 15, 2016 6:02am
Something very strange about this move down. Totally not committed in direction yet. Almost as if it needs something else.
The coincidental success is more dangerous than the expected failure
  • #59,589
  • Mar 15, 2016 6:20am Mar 15, 2016 6:20am
Quoting Neqrotik
Something very strange about this move down. Totally not committed in direction yet. Almost as if it needs something else.
Someone knows something and Japan basically shot a gun with no bullets in it. If Yellen fires a gun with no bullet then we tank hard but if she has ammunition we could shot pretty high up. Good news out of Europe last week followed by bad out of Japan and waiting for Yellen...
  • #59,590
  • Mar 15, 2016 8:18am Mar 15, 2016 8:18am
Quoting Neqrotik
Something very strange about this move down. Totally not committed in direction yet. Almost as if it needs something else.
It's part of a correction, it's normal that it's weird and undecided. For all you know it could retrace to the upside and then it could fall again.
  • #59,591
  • Mar 15, 2016 8:48am Mar 15, 2016 8:48am
Not looking too good for Japanese exporters and locals who depend on tourism in Japan with that Yen getting stronger. I expect poor numbers out of Japan next quarter for exports
  • #59,592
  • Mar 15, 2016 10:43am Mar 15, 2016 10:43am
Quoting dianajs
{quote} It's part of a correction, it's normal that it's weird and undecided. For all you know it could retrace to the upside and then it could fall again.
Correct. Triangles are always tricky.
Attached Image (click to enlarge)
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  • #59,593
  • Mar 16, 2016 6:56am Mar 16, 2016 6:56am
Quoting SunTrader
{quote} Correct. Triangles are always tricky. {image}
I hadn't even noticed the triangle, to be honest. You're right, it does look like one. The pair should keep dropping once the consolidation ends.
  • #59,594
  • Mar 16, 2016 8:03am Mar 16, 2016 8:03am
Sell from 113.623 SL @ invalidation
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #59,595
  • Mar 16, 2016 11:21am Mar 16, 2016 11:21am
Quoting zyphex
if the patter continues it looks like a short all the way to 112.50 is unfolding, with support around 112.00sh, in the other side a break above 114.50 mean the patter is broken and now this go north. I just wonder for how long this patter will last. no harm in testing. as always trade safe. for more reference see the graph below, is an 8hr graph {image}
Here we are finishing on cycle more, for now the Resistance is on 114.25sh but a break above 114.50 is a bull run. in the other side we might consolidate and reverse in the next 24 hrs before we go on another cycle.

for more details see picture below, ( this is the continuation of my past post )
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  • #59,596
  • Mar 16, 2016 1:08pm Mar 16, 2016 1:08pm
Quoting zyphex
{quote} Here we are finishing on cycle more, for now the Resistance is on 114.25sh but a break above 114.50 is a bull run. in the other side we might consolidate and reverse in the next 24 hrs before we go on another cycle. for more details see picture below, ( this is the continuation of my past post ) {image}
It looks like this pair is about to go south. embrace yourselves a short position would be appropriate for the next hour. support at 112.80
  • #59,597
  • Mar 16, 2016 3:18pm Mar 16, 2016 3:18pm
my thoughts on the ongoing 8 hrs cycle.

it looks like we hit the support bottom and now it time to ride a little up, see graph for details

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-03-16 14.11.34.png Size: 73 KB


Im going long with 3 small long positions, ( Money Management ) and of course there are S.L. and T.P. withing the visual margin.

let see what happen on the next few hours. Happy trading everyone.
  • #59,598
  • Mar 16, 2016 4:00pm Mar 16, 2016 4:00pm
Looks like it is at support. I really hope it breaks this to hunt stops that are below 112.07 during the asian open. If so I will have a great night
  • #59,599
  • Mar 16, 2016 4:04pm Mar 16, 2016 4:04pm
112.34 is the line to break if so it can go down if not then back up the range. Longs in that area are holding their breath it holds lol.
  • #59,600
  • Mar 16, 2016 4:24pm Mar 16, 2016 4:24pm
Most likely it will go higher (112.90-113.00 area) before downtrend resumes.
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