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post #681 of 751
3/16/11 at 9:35pm

on the way down again.. 40 pips in 2 mins.

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post #682 of 751
3/16/11 at 9:47pm
Dont count it out just yet, lots of shorts in there, if they can get it over 80 we may see some fireworks.
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post #683 of 751
3/16/11 at 9:53pm
fx_image.ashx?usdjpy_m5_l.png&rev=634359091578125000
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post #684 of 751
3/16/11 at 9:54pm
Quote:
Originally Posted by StockJock-e View Post

Dont count it out just yet, lots of shorts in there, if they can get it over 80 we may see some fireworks.


i was short. took this 40 pips. amazing day..

 

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post #685 of 751
3/16/11 at 10:01pm

short

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post #686 of 751
3/16/11 at 10:09pm

out + 10 pips now waiting for a entry again..

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post #687 of 751
3/16/11 at 10:12pm

short again

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post #688 of 751
3/17/11 at 5:33pm

Not bad action here, they are supporting it nicely.

 

Lets see how this wedge on the 5min plays out.

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post #689 of 751
4/1/11 at 10:12am

confused.gif last few months I tried like 3-4 times going long everytime at the bottom of that wedge (sort of triangle on the weekly). anticipating a breakout. finally gave up closing my last attempt at 82.50 (from 80.90)...

 

...then it decided to run. Anyone trading yen pairs, any insights? (Technically that is).

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post #690 of 751
4/1/11 at 1:27pm
I tend to not watch the yen pairs anymore, moved to slow relative to the EUR/USD for me. Once in a while, it will setup quite nicely (like this morning) and take off.
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post #691 of 751
4/6/11 at 11:18pm

Trying to learn a bit more about applying fundamental analysis to forex here. Was wondering if anyone can help me with this. The tsunami hit Japan March 11 and I thought it will affect the USD/JPY some way where yen loses strength. Instead from March 11 - 16 the dollar lost ground and yen gained before it reversed on March 16th. Something happened then and the dollar gained strength quickly. Is there a story/reason behind all this?

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post #692 of 751
4/6/11 at 11:36pm

I would also like to know the exact first part of the story, about the second i collected this..

 

yen-warum-1.jpg

yen-warum-2.jpg

 

Also this..

 

war3.jpg

war4.jpg

 

 

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post #693 of 751
4/6/11 at 11:39pm

Also interesting.. It shows how silly the whole game is..

 

 

before tsu.jpg

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post #694 of 751
4/7/11 at 12:38am

thanks for the post! So if my interpretation is right...they forced the strength of yen to go down so that it is easier for other nations to help out with the disaster. I thought the forex market is so huge that no one can manipulate it in anyway whatsoever? Or am I mistaken?

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post #695 of 751
4/7/11 at 1:32am
Thread Starter 


 

Quote:
Originally Posted by JLC View Post

Trying to learn a bit more about applying fundamental analysis to forex here. Was wondering if anyone can help me with this. The tsunami hit Japan March 11 and I thought it will affect the USD/JPY some way where yen loses strength. Instead from March 11 - 16 the dollar lost ground and yen gained before it reversed on March 16th. Something happened then and the dollar gained strength quickly. Is there a story/reason behind all this?

 

 

This sorta gives one explanation on the delayed reaction...  http://uk.reuters.com/article/2011/03/28/forex-options-idUKLDE72R1J420110328

 

 I gave up trying to trade the USD/JPY or figure it out so I stuck with the crosspairs which are a lot more fluid IMO for yen trading..  My advice--and I have said it before about the $/JPY--put it aside and focus on other pairs that make more 'reasonable sense' or you will spend a lot of time and bash your head into the keyboard over and over again trying to trade it with little success--because it only reacts like it 'should' based on technicals or fundamentals part of the time..the interdependence between the US econ and the USD and the Yen and japanese econ just mucks up this pair to be predictable.. But the yen crosspairs--those are great if you want to trade yen....

 

 

Speaking of yen pairs...fwiw--I shorted tonite at 122.04 the EUR/JPY..targeting 121.45,,,,it looks like its about to take a dump and the EUR could do some significant selling off in the next 12 hours....all is going to depend on the the ECB statement coming up this next session and sentiment building up before it in london...many are thinking it will be a soft statement and could see some EUR retraces and leveling by morning...  See what happens....

 

 

-w

 

 

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post #696 of 751
4/7/11 at 1:36am
Thread Starter 
Quote:
Originally Posted by JLC View Post

thanks for the post! So if my interpretation is right...they forced the strength of yen to go down so that it is easier for other nations to help out with the disaster. I thought the forex market is so huge that no one can manipulate it in anyway whatsoever? Or am I mistaken?



BOJ heavily influences the yen...its the only currency with such a heavy influence....

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post #697 of 751
4/7/11 at 8:21am
Thread Starter 
Quote:
Originally Posted by wolf825 View Post


Speaking of yen pairs...fwiw--I shorted tonite at 122.04 the EUR/JPY..targeting 121.45,,,,it looks like its about to take a dump and the EUR could do some significant selling off in the next 12 hours....all is going to depend on the the ECB statement coming up this next session and sentiment building up before it in london...many are thinking it will be a soft statement and could see some EUR retraces and leveling by morning...  See what happens....

 

-w

 

 

FWIW.....Short target of 121.45 hit for a nice gain on the EUR/JPY....

 

 

-w
 

 

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post #698 of 751
4/28/11 at 3:43pm

 

E-mini Japanese Yen Futures

 

Looking at a double top on the hourly chart in the YEN. 

I'm also looking at a bearish volume pattern.

 

Looking for a short at .012275 and a move back towards the POC for validation.
My stop will be moved to just over break even at that point in anticipation of a break down.

If this occurs, I will use a manual trailing stop and a lofty target of 12. 

A failed pattern and I'm looking at a long position at .012285

 

EDIT - added .0 in front of price. I forgot.

 

ScreenHunter_01 Apr. 28 12.34.gif

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post #699 of 751
4/28/11 at 4:28pm

^note - Yen Futures moves inversely of USD/JPY 

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post #700 of 751
4/28/11 at 6:09pm

Moving nicely towards POC at .012240 + 23 pips

ScreenHunter_01 Apr. 28 15.12.gif

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