Pretty sure Boy Wonder isn't talking about the correlation of U/J to Nikkei, he is taking about the correlation of /ES to U/J. A/U and /ES bottomed together in late '08/early '09 and moved in tandem for a good period of time. Now A/U is going lower ...

USD/JPY Discussion

Still some clear selling pressure as last 1hr bullish engulfing candle is getting blown up pretty badly. I'm thinking 98.35 (61.8% retrace of Tuesday's range & also monthly open price).

USD/JPY Discussion

Not sure how I could determine the accuracy of these opinions as you gave no definite timeframes. Good to keep an open mind to "infinite possibilities" but I find it is necessary to have a sense of general direction. So E/U clearly on the rack, but ...

USD/JPY Discussion

What is your timeframe? That is what is most important. I'm saying U/J will be higher and E/U will be lower by close of this week.

USD/JPY Discussion

Would have liked if U/J would have chopped sideways in the final 30 mins of my daily candle, but instead closed just below Monday's low. I do believe the weekly low has been put in, just got to wait patiently for the weekly candle to start working. ...

USD/JPY Discussion

AUDUSD short actually does look good too. May trade that in 5 hours. Nice catch. Seeing triple wick possibility on monthly chart that some would probably see as head and shoulders on daily chart.

USD/JPY Discussion

Yup couldn't agree more. Should be a snap decision...if not then momentum will probably be bad. Just flipped through the 25 pairs I watch in 1.5 mins and the only pairs that are interesting to me are USDJPY long and EURUSD short.

USD/JPY Discussion

Absolutely spot on. When you say U/J looks bullish on weekly & monthly chart, you could even say that last month U/J went up last month, and also went up last week. I was convinced we were headed up during the week starting 10/13, but it didn't ...

USD/JPY Discussion

What about Yuan? Been reading lots of news about Yuan currency swaps w/ Europe and such. China trying to take over as global reserve currency from dollar from what I understand.

USD/JPY Discussion

Yeah pair has been fishing for stops. Buying at Sunday open was prob a bit aggressive, but I'd rather take on some more risk and be exposed instead of watching it go in my intended direction without me. Lets cross our fingers! Maybe we should just ...

USD/JPY Discussion

I like how you've got your stops set up right below the 50% retracement of last weeks range. 97.98 is the 61.8% of last weeks range, so maybe just another 5 pips would be a bit safer. I'm stuck long right now too, no fun at all, but have to keep it ...

USD/JPY Discussion

I've got my probe in USDJPY. Want to add at 99 if we trade there. Monthly green, weekly green, daily red (was green 24 hrs ago). Can't go sideways forever. If I had to bet I'd say Graeme is using his 100 pip entry method to trade this action. (He ...

Building an equity millipede

Once we get a green 4hr close that is really a buy signal also. 7 consecutive red 4hr candles according to my charts going back to last week.

USD/JPY Discussion

Pretty boring day so nice call for you. I'm holding still with original stop as I think a poke below today's low is possible, but wouldn't be a sell signal by any means. 99 is very important, yup (last months high). I don't trade this way, but it is ...

USD/JPY Discussion

Long USDJPY right here with stop at 98.15. Start of new week/new month is a great time to put on trades. 100 possible in next 24 hours in my opinion. 110 this month? Who knows just follow.

USD/JPY Discussion

Last week was very bullish for U/J...this action is just a continuation of last week. Put everything in Washington to the side and focus on price, it cannot lie.

USD/JPY Discussion

Wanted to share my USDJPY daily chart. Very strong move. Maybe the start of a breakout of this coiled up range the pair has been trading in the past 4 months. I always follow price action and not predict, but just for fun -- I'd say this turns into ...

Building an equity millipede

Wanted to share my USDJPY daily chart and explain why this is a very powerful move for bulls. First of all the pink lines you see on each candle are Fibonacci's (38.2%, 50%, 61.8%). Short were in control at Monday's close (1). However on Tuesday ...

USD/JPY Discussion

Also a 5/10 EMA crossover, which is a valid signal, but one I don't actively look for -- price action is telling me everything I need to know.

USD/JPY Discussion

Hi eliteincome, Sorry I'm not exactly sure what you are saying. Are you saying that your "autochartist" is saying price is heading down to 97 within 2 days? I'm referring to the big drop that happened 3.5 hours ago. That drop was pretty close to ...

USD/JPY Discussion