Hopefully no one got swept out there on that whipsaw...I nearly did myself. Looks like both U/J and /ES are going up which goes against my fundamental thesis that they both couldn't go up at the same time. U/J bulls should be happy with daily close ...

USD/JPY Discussion

I'm exiting half my USDJPY long from last night. This 4hr candle that just closed has a large upper wick and closed below the previous 4hr candle's low. I still have a fundamental view that there will be no taper, but holding some U/J through the ...

USD/JPY Discussion

Very nice bounce off 102.60 and a good close to the 4hr candle near the highs. I'm looking to buy again should we dip to 102.78, with a stop at 102.60. Moving my current buy position's stop to breakeven.

USD/JPY Discussion

Very interesting stuff and thanks for the video Boy Wonder. 2SD move is a pretty big move from the looks of it so that information alone is very interesting. The Globex sessions this week have been super busy too. Very exciting price action. ...

Let's Trade Options

Tibi - No TP, just look for price to continue up into Fed at 2pm New York time so you have some cushion if Bernanke kills U/J or a huge winner & possibly position with longer term trend potential. Shorts positioned themselves last night, bulls ...

USD/JPY Discussion

Daily candle closing above yesterday's low and above November highs. /ES looking a bit weak now while U/J is set up for some buys. For the next 4hr candle, I'm buying at 102.60 with a stop at 102.45.

USD/JPY Discussion

/ES is the S&P emini futures contract.

USD/JPY Discussion

Yeah I agree with that but the BOJ has been for the most part unsuccessful in weakening their currency in the past. They finally seem to have it on the right track this time, but it has been 50 years of downtrend.

USD/JPY Discussion

Can anyone help and knows what implied move for IWM is this week? Looks way more bullish than SPY & I'm thinking taper or no taper, stocks are headed higher.

Let's Trade Options

I was sleeping when it traded there, but I'm not so sure we missed a great opportunity. I'm actually feeling just a bit bearish at the moment. I'm thinking U/J moves up to 103.15 here and then drops pretty quick. As far as the rest of the week, ...

USD/JPY Discussion

Fed on Wednesday, but by the time the Fed rolls around, you will be too late if you are still trying to decide to buy or sell. Should be some solid setups in the coming 36 hours so take them as they happen and you just may be positioned for the big ...

USD/JPY Discussion

Buy Bitcoin. Under $1000, Bitcoin is the future, hype, China, green daily candle.

Bitcoin technical analysis

USDJPY closed the week green, but below the previous week high for the first time in 7 weeks. On Monday next week, I'll be watching the 103.40 level for some sellers to step in, and 103 for buyers. If sellers do not follow through on Monday, then I ...

USD/JPY Discussion

Lots of pressure as we go into U.S. session. I don't really know what this means, except for it revolves around central banks yapping next week (Draghi Mon, Bernanke Wed).

USD/JPY Discussion

Have to be buying again. All timeframes green and tmrw is a Friday. I could see another good up day again tmrw. 4hr momentum just may continue marching and not pause at last week's high like it did earlier in the week.

USD/JPY Discussion

I think it is smart to consider both sides with a favor to the bull side for the rest of the month which aligns with your Dec 20th date. All I figure is that as you get closer to the end the of the month we should see some real movement (prob in ...

USD/JPY Discussion

For real. This action in /ES since the bell has been wild as well. Edit: U/J looks bad. Time for another wave down.

USD/JPY Discussion

Took a breakeven last night at 103.05 and now daily candle is another bearish engulf like last week. U/J 4hr trying to suck me in long again. I wish I was long this pair from better levels b/c this pair has just been so tough to add longs without ...

USD/JPY Discussion

Pretty strong rejection at 103.37, last week's high. This next hour to close up my 4hr candle is pretty important for setting short term direction. Edit: 4hr closed unchanged. Have to give slight edge to bears for next 4 hours.

USD/JPY Discussion

103 may have been cleared for the week. I've got a bullish 4hr candle with low 103.04. Bulls should keep this above 103.15 for the next 4 hours until daily close. Eventually 104, without going back to 103.

USD/JPY Discussion