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USD/JPY Discussion

  • #60,041
  • May 8, 2016 3:42pm May 8, 2016 3:42pm
108 looks much better, that is if it reaches it.
  • #60,042
  • May 8, 2016 3:43pm May 8, 2016 3:43pm
Quoting Geppy
Hey all, seems like a good risk/reward on taking shorts at these levels. Curious what others are seeing/thinking: {image}
I agree, ideally I would like to see a retest of the lows, just a bit above your level.
Fix up, trade sharp ...
  • #60,043
  • May 8, 2016 4:01pm May 8, 2016 4:01pm
Quoting srt
{quote} A bit higher for me. {image} {image}
Quoting Hickson
{quote} I agree, ideally I would like to see a retest of the lows, just a bit above your level.

Yeah, I agree... would like to see it higher. Definitely some easy levels to lean against up a bit further.

I like to scale in though rather than try to magically pick the perfect level. So I'll probably take a nibble and plan to take more a bit higher.
check out my blog: forexmademillionaire dot com
  • #60,044
  • May 8, 2016 4:42pm May 8, 2016 4:42pm
​BOJ bond buying suspected to start weakening yen - George soros
  • #60,045
  • May 8, 2016 4:55pm May 8, 2016 4:55pm
Quoting Geppy
{quote} {quote} Yeah, I agree... would like to see it higher. Definitely some easy levels to lean against up a bit further. I like to scale in though rather than try to magically pick the perfect level. So I'll probably take a nibble and plan to take more a bit higher.
Possible, always depends on one's entry techniques and targets. It is also possible to take a smaller position and wider stop since the target is bigger here anyway
Fix up, trade sharp ...
  • #60,046
  • May 8, 2016 9:29pm May 8, 2016 9:29pm
If 107.30 fails to hold on the 15 min chart , with a closing candle below this level, 107.10 will be most likely.. This is also an area which support on hourly chart should kick it to. If 107.10 fails to hold, we could have a break in up trend from Friday night.. Note also we just had a kiss goodbye of 107.65 area early this morning and prove that old uptrend is now resistance...
  • #60,047
  • May 9, 2016 1:19am May 9, 2016 1:19am
longed looking for 108.9 by end of this week.
  • #60,048
  • May 9, 2016 4:20am May 9, 2016 4:20am
Quoting Don96
​BOJ bond buying suspected to start weakening yen - George soros
I thought the supply of bonds is exhausted, so they are looking at corporate notes and stock....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #60,049
  • May 9, 2016 4:36am May 9, 2016 4:36am
Quoting Exodus
{quote} I thought the supply of bonds is exhausted, so they are looking at corporate notes and stock....
​I read something that George Soros thinks there is a disconnection on his chart and that their Bond buying increases is going to start weakening Yen, against the dollar

I haven't read the whole thing....
http://www.bloomberg.com/news/articl...-to-weaken-yen
  • #60,050
  • May 9, 2016 10:47am May 9, 2016 10:47am
Quoting Don96
{quote} ​I read something that George Soros thinks there is a disconnection on his chart and that their Bond buying increases is going to start weakening Yen, against the dollar I haven't read the whole thing.... http://www.bloomberg.com/news/articl...-to-weaken-yen
Well..... it basically says that 20 years ago Mr.Soros saw an increase in the Yen supply and predicted that some movement would occur ... and so it was.

What we don't have to hand are the other metrics available at the time, or those which are used today.
The BoJ will have to increase the money supply faster than the Japanese balance of trade surplus strips it away.
The simplest thing would be to turn off half their nuclear power production, or maybe run gas-powered to balance the account, and run the nuclear at a reduced output.

I suppose they could peg to the Yuan
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #60,051
  • May 9, 2016 11:40am May 9, 2016 11:40am
There are times when it would be good if I just took the short, and believed my own BS.
From some time back in early April.....

http://www.forexfactory.com/attachme...9&d=1459763087
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #60,052
  • May 9, 2016 11:56am May 9, 2016 11:56am
Quoting Exodus
{quote} Well..... it basically says that 20 years ago Mr.Soros saw an increase in the Yen supply and predicted that some movement would occur ... and so it was. What we don't have to hand are the other metrics available at the time, or those which are used today. The BoJ will have to increase the money supply faster than the Japanese balance of trade surplus strips it away. The simplest thing would be to turn off half their nuclear power production, or maybe run gas-powered to balance the account, and run the nuclear at a reduced output. I suppose...
Lol..
  • #60,053
  • May 9, 2016 12:41pm May 9, 2016 12:41pm
Quoting Exodus
There are times when it would be good if I just took the short, and believed my own BS. From some time back in early April..... http://www.forexfactory.com/attachme...9&d=1459763087
I had a short from 121.86, I closed out at 121.80 because I wasn't sure at the time

I'm guilty of doing it all the time. some say easy in hind sight, but should have set and forget eh? ​ ​
  • #60,054
  • May 9, 2016 12:43pm May 9, 2016 12:43pm
Hindsight is always 20/20
TE started 6/4/19
  • #60,055
  • May 10, 2016 5:48am May 10, 2016 5:48am
To those who think that BoJ can't possibly sustain this low level of UJ (strength in Yen), some insight from a Jap.
..can you believe it?

http://www.forexfactory.com/news.php?do=news&id=590444
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #60,056
  • May 10, 2016 6:44am May 10, 2016 6:44am
Quoting Exodus
To those who think that BoJ can't possibly sustain this low level of UJ (strength in Yen), some insight from a Jap. ..can you believe it? http://www.forexfactory.com/news.php?do=news&id=590444
Thanks for sharing. I guess that is their red line or Stop Loss order where they intervene. This is good news and bad news. Good is that they will intervene but bad is they will not intervene until it gets that low meaning we see 100 soon.
  • #60,057
  • May 10, 2016 7:53am May 10, 2016 7:53am
Every close below the 20ema on 30 min add sell, no stops, next low below 20 EMA for TP lower BB 20/2 if price turns bullish after close over 20ema with out hitting TP hold position and add again at next break of 20ema with TP top of swing from fitrst position, close all at TP.
Rinse and repeat.
FREEDOM IS SECURITY.
  • #60,058
  • May 10, 2016 9:46pm May 10, 2016 9:46pm
Quoting hippiedog
Every close below the 20ema on 30 min add sell, no stops, next low below 20 EMA for TP lower BB 20/2 if price turns bullish after close over 20ema with out hitting TP hold position and add again at next break of 20ema with TP top of swing from fitrst position, close all at TP. Rinse and repeat.
would you mind sharing a graph
There is only one way to learn. It’s through action.
  • #60,059
  • May 10, 2016 10:10pm May 10, 2016 10:10pm
[quote=Geppy;8915379]{quote} {quote} Yeah, I agree... would like to see it higher. Definitely some easy levels to lean against up a bit further. I like to scale in though rather than try to magically pick the perfect level. So I'll probably take a nibble and plan to take more a bit higher.[/
I have the same style , added . For all of Geppys arrogance I have to agree its highly effective . I have no links to Geppy or his group if your wondering
  • #60,060
  • May 12, 2016 7:56am May 12, 2016 7:56am
110 again on the cards for USDJPY
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