Attachments: USD/JPY Discussion

USD/JPY Discussion

#61,161
Aug 18, 2016 7:17pm Aug 18, 2016 7:17pm

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts

Quoting bullionman

Disliked

{quote} That got me thinking... "so conversely, Japanese pension funds will buy bonds and sell dollars, driving dollars down and driving the YEN up" How would the Nikkei fit into that game of chess? ...

Ignored

I prefer Topix to Nikkei but either are closely correlated to UJ:

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#61,162
Aug 18, 2016 7:32pm Aug 18, 2016 7:32pm

cyguy
| Joined Dec 2014 | Status: Crazy prospector | 378 Posts

if it breaks through 100.50 I think it will go further up, but if it doesn't im going to collect profits

#61,163
Aug 18, 2016 7:32pm Aug 18, 2016 7:32pm

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting Don96

Disliked

levels for some buys to set {image}

Ignored

I never use retail sentiment but a lot on here screaming for 95... perhaps parity next?

anyway

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#61,164
Aug 18, 2016 7:38pm Aug 18, 2016 7:38pm

cyguy
| Joined Dec 2014 | Status: Crazy prospector | 378 Posts

Quoting Don96

Disliked

{quote} I never use retail sentiment but a lot on here screaming for 95... perhaps parity next? anyway {image}

Ignored

is the sentiment from goldman sachs? if thats the case it will probabbly go up lol

#61,165
Aug 18, 2016 7:44pm Aug 18, 2016 7:44pm

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting Don96

Disliked

{quote} I never use retail sentiment but a lot on here screaming for 95... perhaps parity next? anyway {image}

Ignored

coming up to 100.48 again...
watch just under 101 and 101.07 ...

#61,166
Aug 18, 2016 7:47pm Aug 18, 2016 7:47pm

cyguy
| Joined Dec 2014 | Status: Crazy prospector | 378 Posts

#61,167
Aug 18, 2016 7:54pm Aug 18, 2016 7:54pm

cyguy
| Joined Dec 2014 | Status: Crazy prospector | 378 Posts

soo tempted to pull out profit...

#61,168
Aug 18, 2016 7:55pm Aug 18, 2016 7:55pm

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting cyguy

Disliked

soo tempted to pull out profit...

Ignored

close half and let the rest run

#61,169
Aug 18, 2016 7:57pm Aug 18, 2016 7:57pm

cyguy
| Joined Dec 2014 | Status: Crazy prospector | 378 Posts

good idea, ill buy more on the pull back if it passes 100.5

#61,170
Aug 18, 2016 8:04pm Aug 18, 2016 8:04pm

cyguy
| Joined Dec 2014 | Status: Crazy prospector | 378 Posts

Hey Don, are you a swing trader, scalper or long-term style trader?

#61,171
Aug 18, 2016 8:08pm Aug 18, 2016 8:08pm

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting cyguy

Disliked

Hey Don, are you a swing trader, scalper or long-term style trader?

Ignored

swing

#61,172
Aug 18, 2016 8:17pm Aug 18, 2016 8:17pm

cyguy
| Joined Dec 2014 | Status: Crazy prospector | 378 Posts

Reason I asked, is I started trading as a scalper, and im moving to be a swing trader because in my opinion is easier to make money. But any tips to settle the anxiety that goes with the transition, not sure if you have been through that or not

#61,173
Aug 18, 2016 8:48pm Aug 18, 2016 8:48pm

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting cyguy

Disliked

Reason I asked, is I started trading as a scalper, and im moving to be a swing trader because in my opinion is easier to make money. But any tips to settle the anxiety that goes with the transition, not sure if you have been through that or not

Ignored

Yeah stay out of the smaller timeframes and stick to 1hr above

#61,174
Aug 18, 2016 8:53pm Aug 18, 2016 8:53pm

cyguy
| Joined Dec 2014 | Status: Crazy prospector | 378 Posts

good advice, thanks

#61,175
Aug 18, 2016 10:53pm Aug 18, 2016 10:53pm

bullionman
| Joined Aug 2015 | Status: Trader | 59 Posts

Quoting SunTrader

Disliked

{quote} I prefer Topix to Nikkei but either are closely correlated to UJ: {image}

Ignored

Indeed, that is what I was alluding to.
I was curious about the correlation,

I.e.

--> Japanese pension funds BUY buy JGB's and SELLS dollars
--> USD/JPY falls
--> correlated Nikkei/Topix also falls

I'm trying to make the connection between the JPY/USD being bought and the Japanese stock market falling.

E.g.
is it because — during RISK_OFF — capital will flow out of stocks (making stocks fall) back to cash, making the yen rise?

Again, I'm probably oversimplifying the dynamics, but wanted to know if that was the 'general association' of
J-bonds, J-stocks, yen and dollar flows.

Thanks.

#61,176
Aug 18, 2016 11:12pm Aug 18, 2016 11:12pm