USD/JPY has had a nice run up to the NFP announcement......I moved stops way up in order to protect profits. I think the AUD/USD pair sitting on the 1.04 support level could be the play for the short-term players.

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I bet that running back feels like he ran off of it. Ouch.

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Being an Ohio State fan, I could watch this video forever. Also, gotta love the name Jadeveon Clowney. video

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It is because there isn't concern of a recession in the USA now with the "fiscal cliff" deal struck. However, as you said - trading the charts is the best way to tackle the issue. After all - it doesn't matter why a pair is moving, only that it is.

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Deal is reached int he Senate. Now we have to see if the House can sign it into law. Let's assume that they do - expect a "risk on" rally for a short time. However, there are other issues out there now...... Debt ceiling talks anyone? Ugh.

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One of the few "safer" currencies is the Yen. So in this case, the USD/JPY falls. Look at the financial meltdown a couple of years ago, and you will see what I mean.

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It is because it shows follow through. In other words, if there is a reversal of the price action, the fact that we continue means that we are starting to pick up momentum in that direction.

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Its very possible that a failure to see the fiscal cliff talks work out over the weekend could be the catalyst for that pullback you are looking for. I know that the USD/JPY pair didn't close well today.......however, I still think people will be ...

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I think the Yen is going to continue to weaken. It isn't often that a central bank is told to print "unlimited" amounts of currency. In fact - I don't know that it has ever happened. Given enough time, I think USD/JPY will hit 90 as it is the target ...

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Merry Christmas to everyone! If you aren't Christian or in a Christian country, just make sure to buy your kids a ton of toys, and to argue with your family members later - its essentially the same idea....

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Its a seasonal trade as well. Gold typically sells off in December in order for people to take their profits. In January, they tend to get back into their long positions.

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Nice.......will be interesting to see how martin does with this

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At first I thought it was you!

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The real question is going to be whether or not the Bank of Japan statement is a non-event, or a "sell on the news" event. I still think the Yen is a short overall in the long run.

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I got out of all of my long XXX/JPY trades today - this sudden pullback in the riskier assets doesn't look good at all...... The Euro looks horrible.

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maybe for a short-term pullback, but I think 1.63 gives way eventually.....and the buyers take over.

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In all fairness though - those were shit sides like New Zealand, South Africa, Wales and France. lol Man - its scary to think how good he is going to be once he understands the rules.....

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I cannot tell you how many times I have seen this before.

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I think in order to be successful, you have to at least have a general feeling about the fundamentals.....not necessarily the exact diagnosis, but know the "bias." As for technical analysis - you know my thoughts on it.

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I don't know how often this thing updates, but the fact that there are more people short than long of the EUR/JPY pair speaks volumes.

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