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USD/JPY Discussion

  • #66,841
  • Jun 8, 2017 12:41pm Jun 8, 2017 12:41pm
Quoting dianajs
{quote} USD/JPY has even rallied above 110.00 but so far I am not seeing a signal for a reversal, so I haven't sold yet.
The short has played out already .. not a lower low but it went down enough from 110 to call it a short..

waiting it out for a moment .. got longs on 1 account and flat on the other.
Trade
  • #66,842
  • Jun 9, 2017 4:20am Jun 9, 2017 4:20am
The US dollar initially fell against the Japanese yen, as we continue to see bearish pressure, but there is a gap that has now been filled from a couple of months ago, and the market has gone to test the 200-exponential moving average. We did not break above it yet, but I think if we can break above the top of the range for the Thursday session, that shows that the market is ready to turn around and continue to go higher. If that happens, I expect that the 112 level will be targeted next, and that we may go even higher than that. Alternately, if we break down below the Wednesday lows, then I think the market goes looking for the 61.8% Fibonacci retracement level just below. Either way, I would expect a bit of volatility and given the fact that we got through Thursday relatively unscathed despite the UK elections, the ECB announcement, and the Congressional hearings, the buyers may be a bit more comfortable now.

Offer: bargain buy above 109.65 with the first tp Tick 110.8 and 111.1 tp second alternative proposals
(in case of change of the price) when prices broke below 109.65 to 109.35 and 109.15 price at the beginning of his movement begins.
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  • #66,843
  • Jun 9, 2017 9:16am Jun 9, 2017 9:16am
A move above the trendline from 11 May will be a buy. The weekly candle is closing as a bullish hammer, and it appears we've had a 3 wave correction into 109.11. The whole decline from Dec '16 - April '17 was corrective of last year's advance as well. Target still above 118.
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  • #66,844
  • Jun 9, 2017 1:24pm Jun 9, 2017 1:24pm
next week i might short the arse out of uj
  • #66,845
  • Jun 9, 2017 1:37pm Jun 9, 2017 1:37pm
Quoting PatienceFx
next week i might short the arse out of uj
Hey PatienceFx how's it going?...I already got a short in at 110.78 was just going do a small scalp but it's turning into a good position, but with this surprise election notice in France this weekend I'm thinking I should take the money and run... you know the whole bird in the hand thing...lol ..oh but the old greed monster is knocking on my door..lol
  • #66,846
  • Jun 9, 2017 1:48pm Jun 9, 2017 1:48pm
Quoting petehnm
{quote} Hey PatienceFx how's it going?...I already got a short in at 110.78 was just going do a small scalp but it's turning into a good position, but with this surprise election notice in France this weekend I'm thinking I should take the money and run... you know the whole bird in the hand thing...lol ..oh but the old greed monster is knocking on my door..lol

To hell with it the way it just dropped I'm keeping it going...
  • #66,847
  • Jun 9, 2017 2:19pm Jun 9, 2017 2:19pm
Quoting PatienceFx
next week i might short the arse out of uj
yeah the action earlier today which looked to be forming a bullish weekly hammer has fallen off now and looks bearish. No change in trend yet -- no proof of it, so no buy. The bears still have it for now.
  • #66,848
  • Jun 9, 2017 2:34pm Jun 9, 2017 2:34pm
Quoting petehnm
{quote} To hell with it the way it just dropped I'm keeping it going...
Better take it. Good 50 pips. Wont be worried sunday evening☺
  • #66,849
  • Jun 9, 2017 2:46pm Jun 9, 2017 2:46pm
Quoting NMZee
{quote} Better take it. Good 50 pips. Wont be worried sunday evening☺

you're absolutly right my friend...gonna ride it till an hour before close..appreciate the reminder to not be so dam greedy god knows how many times that's bit me on the ass..
  • #66,850
  • Jun 9, 2017 11:25pm Jun 9, 2017 11:25pm
Quoting petehnm
{quote} Hey PatienceFx how's it going?...I already got a short in at 110.78 was just going do a small scalp but it's turning into a good position, but with this surprise election notice in France this weekend I'm thinking I should take the money and run... you know the whole bird in the bed thing...lol ..oh but the old greed monster is knocking on my door..lol
good plan
  • #66,851
  • Jun 10, 2017 12:09pm Jun 10, 2017 12:09pm
H4

Target===>110.979
[email protected]====>R100.733[Over]====>110.979[Over]====>111.424
[email protected]===>109.515=====>S109.117[Below]====>108.611
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  • #66,852
  • Jun 10, 2017 12:32pm Jun 10, 2017 12:32pm
$Y (h1)

the question is : ... could the double support, @110,00 ( 8:00 ), stop the correction of $Y ?
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... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #66,853
  • Jun 10, 2017 4:22pm Jun 10, 2017 4:22pm
If Trump gets his way and Yellen gets then boot then look for YEN at 100 vs the Dollar or maybe even 90
  • #66,854
  • Jun 10, 2017 4:28pm Jun 10, 2017 4:28pm
Quoting stylinex
If Trump gets his way and Yellen gets then boot then look for YEN at 100 vs the Dollar or maybe even 90
I din't notice. please explain more.
Your sentence was inaudible to me.
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  • #66,855
  • Jun 10, 2017 5:58pm Jun 10, 2017 5:58pm
Quoting stylinex
If Trump gets his way and Yellen gets then boot then look for YEN at 100 vs the Dollar or maybe even 90
I'll take the trade - the opposite way.

Yellen is just another money printer who should be gone ... yesterday. Well same for Trumpie gone anyway. It that were to happen that would be especially dollar bullish.
  • #66,856
  • Jun 10, 2017 6:16pm Jun 10, 2017 6:16pm
Quoting SunTrader
{quote} I'll take the trade - the opposite way. Yellen is just another money printer who should be gone ... yesterday. Well same for Trumpie gone anyway. It that were to happen that would be especially dollar bullish.
In general I am bullish on the Dollar while Yellen has her job. Trump wants a weaker Dollar to boost US exports and lower imports from abroad. Trump feels that a weaker Dollar will boost US exports and that over the years while Obama was in power the Dollar has been too strong. Change of leaders usually means change of direction if things go his way. We will have to see. If Dollar remains bullish and Yellen stays in power then 120-130 is possible but if she loses her job and he gets his way then 90-100 is possible. Time will tell
  • #66,857
  • Jun 10, 2017 6:19pm Jun 10, 2017 6:19pm
Quoting nesta
{quote} I din't notice. please explain more. Your sentence was inaudible to me.
Here..
The way the rich get richer is by being able to buy more. I expect something very bad to happen so they can buy more down the road. Maybe not now but down the road. Wait and see..
http://www.businessinsider.com/trump...vestors-2017-5
  • #66,858
  • Jun 10, 2017 6:24pm Jun 10, 2017 6:24pm
Quoting stylinex
{quote} In general I am bullish on the Dollar while Yellen has her job. Trump wants a weaker Dollar to boost US exports and lower imports from abroad. Trump feels that a weaker Dollar will boost US exports and that over the years while Obama was in power the Dollar has been too strong. Change of leaders usually means change of direction if things go his way. We will have to see. If Dollar remains bullish and Yellen stays in power then 120-130 is possible but if she loses her job and he gets his way then 90-100 is possible. Time will tell
Trumpie doesn't know which time or day of the week it is.

So hopefully time will tell - the time to show him the door. And Yellen too.
  • #66,859
  • Jun 10, 2017 6:44pm Jun 10, 2017 6:44pm
Quoting SunTrader
{quote} Trumpie doesn't know which time or day of the week it is. So hopefully time will tell - the time to show him the door. And Yellen too.
I reckon Trump gets impeached sooner or later. My guess would be by the end of this year at the latest. At the moment though he is President and making the calls. I do not like the guy and am not very fond of him. He has some good policies and some bad policies. I like some and don't like others. Whether or not we like him though is not the main issue. The point is to profit from his decisions and policies.
  • #66,860
  • Jun 11, 2017 6:33am Jun 11, 2017 6:33am
Trumpie has some bad policies and then he has some really bad policies. But don't think I am a Democrat .... like Trumpie who only pretends he is a Republican.

Anyway real policies and real words and real budget surpluses/deficits and current account surpluses/deficits of both the U.S. and its major trading partners affect the dollar. Idiot talking points barely move the needle.
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