Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

USD/JPY Discussion 7 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

Quoting T721
{quote} should see a little more downside this week then push up tp 157 area to sell imo
Yeah it's not over yet until it breaks 160, if it breaks. Costing a lot in negative swaps
Emotional Control. Process, not outcome.
Quoting mtako
{quote}Bears just made an above average pullback from the new high = better chance for your short = therefore, if I were to sell, it would be after bears took it back from the mid-highs of that last main move (160-152), so +-158. Selling if they managed to bring it back down < 157. Or selling if price stalls too long around and mostly between 155 and 157... The above I would NOT do if it wasn't for that last deep enough pullback... But always still have other ways of selling anyhow, but much shorter-term only, because up-trend too sweet still for...
Thanks Mtako. Yeah this was literally a shallow, easy, experiment to see if the old saying "history repeats itself" holds true purely on a technical level. I have nothing fundamentally at all to back up the case to be shot. You even get paid to hold long positions in swaps (carry trade), so yeah, just a bit of technical fun really. Il follow this idea until it's invalid
Emotional Control. Process, not outcome.
First attempt to add this week here after this Tokyo open run-up
Emotional Control. Process, not outcome.
Quoting Konichiwhaat
First attempt to add this week here after this Tokyo open run-up
Beautiful timing. SL to BE. Hopefully (finally) we now have two positions in play
Emotional Control. Process, not outcome.
Long UJ at 155.83
SL : 155.63
TP :156.23
------------------------------
So is it going to be a positive impact or negative for USD/JPY on Wednesday?? What does CPI newses say?
Quoting T721
{quote} USD/JPY Gameplan for me this week ...... Chart Speaks. trade at your own risk, i can be wrong {image}
What is your reasoning behind the short? Lower high? How are you calculating the entry?
Short UJ at 156.36
SL : 156.56
TP : 155.96
With Japanese government bond yields surging, USD/JPY is likely to see increased volatility. Hawkish signals could push the pair higher. Yet, collaboration between the government and BOJ might mitigate yen's downside. Short-term remains bullish with potentiak resisyance around 115 levels.
Quick in and out. Will go long again if it drops a little. Doing the same on UJ.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
Rinse and repeat...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
Setting up for another buy if it comes back to the green line.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
Quoting OBsayMkMoney
Shorter term... 1Hr Continuation patterns A bullish continuation is usually represented by price consolidating in an ABC pattern. This can be measured by using a Fib Extension and usually ends at the 100 percent area unless the news that made it consolidate is of a volatile nature in which case 161 and 200 can see attention. {image} We have hit that 100 percent to the downside, and I think we can all agree. No volatile news has happened. With that said.. This move up has had no discernable retracements, and if don't see retracements, then you are...


Back to 152 and possibly beyond. S\R at 154.5. 15 M has a lower High making it technically bearish with a lower high formed just before S/R.
Looking for lower highs before areas of support to push price through.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
{quote} Back to 152 and possibly beyond. S\R at 154.5. 15 M has a lower High making it technically bearish with a lower high formed just before S/R. Looking for lower highs before areas of support to push price through. {image}
why did you short at 154.90, please?
Thx
Failure, is a wonderful teacher!
Hi, do we still expect some USDJPY long moves? I know CPI pushed the pair down quite a bit today
Quoting Trader.jane
Hi, do we still expect some USDJPY long moves? I know CPI pushed the pair down quite a bit today
BOJ intervened 2 weeks ago because xxx/jpy was too high in price, and you're asking if price will go up?

Why are you interested in the opposite direction of a government intervention?
Quoting Trader.jane
Hi, do we still expect some USDJPY long moves? I know CPI pushed the pair down quite a bit today
all i see is the price going down, im not going to catch falling knives,


140.00 to USDJPY
Inserted Video
I'm high on trading, cant you tell?
Quoting Anotan
{quote} BOJ intervened 2 weeks ago because xxx/jpy was too high in price, and you're asking if price will go up? Why are you interested in the opposite direction of a government intervention?
Do you think a government can bit the market ?
Failure, is a wonderful teacher!
Quoting Anotan
{quote} BOJ intervened 2 weeks ago because xxx/jpy was too high in price, and you're asking if price will go up? Why are you interested in the opposite direction of a government intervention?
Even though the BOJ is powerful, it cannot manipulate the market for long periods. But only for short interventions. The BOJ's interventions were aimed at speculators, telling them to calm down. But if you look at the fundamentals, large investors have too many advantages in selling JPY, the BOJ knows it. Large investors move the market over the long term. At the BOJ they know that JPY will continue to be sold and they will not be able to do anything until there are major economic changes between Japan and the rest of the world
Quoting Vincent1
{quote} Even though the BOJ is powerful, it cannot manipulate the market for long periods. But only for short interventions. The BOJ's interventions were aimed at speculators, telling them to calm down. But if you look at the fundamentals, large investors have too many advantages in selling JPY, the BOJ knows it. Large investors move the market over the long term. At the BOJ they know that JPY will continue to be sold and they will not be able to do anything until there are major economic changes between Japan and the rest of the world
I'm not an economist, so I'll have to take you at your word on the points you've made.

The only thing I can really say is that Tuesday price tried and failed to break above the intervention levels. I wouldn't be looking for strength on xxx/jpy.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 24 KB
2 traders viewing now