I read something about BofA taking off a call butterfly on U/J. I'm not exactly sure what that means except that they expect volatility to increase. Maybe you can shed some light on what exactly they're doing. url I agree with everything you ...

USD/JPY Discussion

Woke up to some red today. I'm still holding all my longs to see where daily candle closes. More of a warning sign currently than a signal to exit.

USD/JPY Discussion

I'm the opposite. I can't sleep if I don't have a position in a strong trend like U/J. Nothing sweeter than sleeping and making money at the same time.

USD/JPY Discussion

Oh I thought I remembered you being long from last week. Still lots of time left this week and this month to get some long positions in.

USD/JPY Discussion

Did you hold longs? 4hr close above 103. Still one more 4hr candle to go in my daily candle. Really think we could see 103.48 in the next 4 hours. All timeframes green.

USD/JPY Discussion

While this dip the last half hour off 103 is a buying opportunity...I'll let someone else have a chance to join me long. (:

USD/JPY Discussion

No time to retrace!

Cable Update (GBPUSD)

Early pop to Friday's high, which was faded. Now a 1hr pinbar. So tough to close long positions though because you just never know when that next spike up will be. I'd like to be able to say there will be a meaningful weekly retrace to 102.05, but ...

USD/JPY Discussion

Sorry that was a typo. I meant to say retrace next week down to 102.05. I've got no clue how high this pair can go, just going to stay on the train until it tells me to get off.

USD/JPY Discussion

Nice monthly/weekly close. Right up near the highs for each respectively. Very bullish signals. Hard to say how much retrace to expect in December. I'm inclined to think not much and instead just follow weekly momentum. Maybe a retrace to 102.05 ...

USD/JPY Discussion

To me this feels kind of short term toppy. Bulls have had a nice month, but maybe some profit taking on last day of month if people expecting some retrace on December monthly candle.

USD/JPY Discussion

So if everyone is already short...why is Yen still going down? One day maybe Yen will rise, but Yen bulls may not even profit off their opinion as market can stay irrational longer than you can remain solvent. Now I remember that you were trading FX ...

USD/JPY Discussion

Like Ck87 said, I think you are overestimating the # of people who are long. url This graphic shows that 52% of retail traders are long USDJPY. As someone who is long, I wish there were less people long, maybe it would be moving more quickly. Just ...

USD/JPY Discussion

You're prob. right about that, can't fight the central banks. Today in /ES, price opened nicely, but then got below the daily open price...and like magic, got bid up in the closing 3 hours and finished green (probably by NY Fed). Anytime the trends ...

USD/JPY Discussion

I've got an odd looking 4hr candle that could have gotten a bit ugly, but buyers stepped in nicely at the close to get it above 102.

USD/JPY Discussion

Thanks stylinex & maximinus. /ES slipping a bit while U/J held steady. Showing some decoupling for sure.

USD/JPY Discussion

Cut through 102 like a hot knife through butter. Still seems to be some juice left for the last 6.5 hours of the daily candle. I'd like to see 102.50 in that time frame. U.S. holiday, Thanksgiving, tomorrow (not that it really changes anything).

USD/JPY Discussion

They just look similar that is all. Here is the daily chart from the 5min time periods in previous post.

USD/JPY Discussion

First chart is 5min price action Nov. 12-14. 2nd chart is price action for this week.

USD/JPY Discussion

That'd be a fairly bullish close to my eyes and we have same daily candles. Check out daily price action Nov 13-14. Maybe similar move?

USD/JPY Discussion