Thread: Discuss USD/JPY, GBP/JPY, and other JPY Pairs

Originally Posted by Gregory McLeod

What's Your Guess For NFP?

Just a shot in the dark, but I'm going to be positive for the US market and say 156K vs 150K expected since we are closing in on Obama's re-election bid.

NFP Up 69,000 Look out below!

Originally Posted by Gregory McLeod

NFP Up 69,000 Look out below!

I was in a live Aud/usd short and left +70 on the table ARRRGHHH! as the market retraced.

All yen pairs retraced their moves and carried the markets back up with them. Was that BOJ intervention or QE priced in??

At any rate I am selling off the retracement of NZD/JPY down to S2. I expect the rise to fail @58.90 but am prepared with a stop over the Pivot @59.32

So short @58.72

Originally Posted by Uber FX nUblet7

I was in a live Aud/usd short and left +70 on the table ARRRGHHH! as the market retraced.

All yen pairs retraced their moves and carried the markets back up with them. Was that BOJ intervention or QE priced in??

At any rate I am selling off the retracement of NZD/JPY down to S2. I expect the rise to fail @58.90 but am prepared with a stop over the Pivot @59.32

So short @58.72

And sorry peeps, I have been busy since last Friday and took nearly a week and change off.

I'll be back with plenty of Yen trades coming up this week. I may go back to my AUD/JPY pair and get out of conservative-ville with the NZD/JPY. I miss those old 250+ pip pops .

Will We See QE3 (Quantitative Easing) at the June 20th FOMC Meeting?

Yes or No?

Originally Posted by Uber FX nUblet7

I was in a live Aud/usd short and left +70 on the table ARRRGHHH! as the market retraced.

All yen pairs retraced their moves and carried the markets back up with them. Was that BOJ intervention or QE priced in??

At any rate I am selling off the retracement of NZD/JPY down to S2. I expect the rise to fail @58.90 but am prepared with a stop over the Pivot @59.32

So short @58.72

You know what? I need to start mapping out my trades and placing an entry at or very near my proposed stop lol. I might double my pip output. I'm a consistent "early to the party" trader lol. If it weren't for the hourly mva:50 position stopped. Gah!

Originally Posted by Uber FX nUblet7

I was in a live Aud/usd short and left +70 on the table ARRRGHHH! as the market retraced.

All yen pairs retraced their moves and carried the markets back up with them. Was that BOJ intervention or QE priced in??

At any rate I am selling off the retracement of NZD/JPY down to S2. I expect the rise to fail @58.90 but am prepared with a stop over the Pivot @59.32

So short @58.72

Ouch. I was short AUD/JPY but retrace before drop while I slept was not nice. When you look at the price before you look at your trading platform and you think you were limited out is a painful experience as well.

Originally Posted by Gregory McLeod

Will We See QE3 (Quantitative Easing) at the June 20th FOMC Meeting?

Yes or No?

I'm thinking so, we are at 1/3 of the expected non-farm payrolls right? So yeah, Qe3 pays the banks but leaves me high and dry

Originally Posted by Gregory McLeod

Ouch. I was short AUD/JPY but retrace before drop while I slept was not nice. When you look at the price before you look at your trading platform and you think you were limited out is a painful experience as well.

Haha Greg, i feel your pain. I have went to sleep on AUD/JPY during the Asian Market Session only to see my target miss by a pip and stop out for 50 pips loss. That can really get to you at times. I don't think I can count on 2 hands how many times that has happened to me as well.

If all else fails, lock and (re)load

Originally Posted by Uber FX nUblet7

Haha Greg, i feel your pain. I have went to sleep on AUD/JPY during the Asian Market Session only to see my target miss by a pip and stop out for 50 pips loss. That can really get to you at times. I don't think I can count on 2 hands how many times that has happened to me as well.

If all else fails, lock and (re)load

This also reminds me why I don't like setting limits at numbers ending with 5's and 0's and also place my target about 10 pips above or below my limits so i don't caught by order fill lag. This has reduced my heartache significantly.

Attachment 130883



caught a rejection spike into daily demand level


secured

These two currency pairs looking this similar today makes me think there was some kind of intervention. I'm glad I wasn't in any positions today.

London session review and outlook June 1 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.




Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

Follow me on twitter: https://twitter.com/AlejandroDFX


Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join.

Good Morning Traders! Hope you had a great weekend. This June 4th marks another full moon so we could see some reversals or deep retracements in some of our established trends so be careful. We are already seeing a flip in SSI. Daily Chart "outside day bar" is bullish for the Euro after it roared back after a worse than expected Non Farm payroll number.

Happy Trading,

Greg McLeod
DailyFX Forum Moderator/Trader

SSI Details:
EURUSD - The ratio of long to short positions in the EURUSD stands at -1.02 as nearly 50% of traders are short. Yesterday, the ratio was at 1.20 as 55% of open positions were long. In detail, long positions are 4.6% higher than yesterday and 20.2% weaker since last week. Short positions are 27.3% higher than yesterday and 35.6% stronger since last week. Open interest is 14.9% stronger than yesterday and 4.1% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at 2.18 as nearly 69% of traders are long. Yesterday, the ratio was at 2.44 as 71% of open positions were long. In detail, long positions are 3.9% higher than yesterday and 27.1% weaker since last week. Short positions are 16.3% higher than yesterday and 8.1% stronger since last week. Open interest is 7.5% stronger than yesterday and 17.4% below its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.

GBPJPY - The ratio of long to short positions in the GBPJPY stands at 2.90 as nearly 74% of traders are long. Yesterday, the ratio was at 3.18 as 76% of open positions were long. In detail, long positions are 3.4% higher than yesterday and 4.2% weaker since last week. Short positions are 13.6% higher than yesterday and 8.6% weaker since last week. Open interest is 5.9% stronger than yesterday and 6.1% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY losses.

USDJPY - The ratio of long to short positions in the USDJPY stands at 8.50 as nearly 89% of traders are long. Yesterday, the ratio was at 8.02 as 89% of open positions were long. In detail, long positions are 6.0% higher than yesterday and 13.4% stronger since last week. Short positions are 0.0% lower than yesterday and 22.4% weaker since last week. Open interest is 5.3% stronger than yesterday and 6.1% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

USDCHF - The ratio of long to short positions in the USDCHF stands at -1.38 as nearly 58% of traders are short. Yesterday, the ratio was at -1.51 as 60% of open positions were short. In detail, long positions are 15.7% higher than yesterday and 4.6% stronger since last week. Short positions are 5.2% higher than yesterday and 15.4% weaker since last week. Open interest is 9.4% stronger than yesterday and 14.9% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

USDCAD - The ratio of long to short positions in the USDCAD stands at -2.05 as nearly 67% of traders are short. Yesterday, the ratio was at -2.07 as 67% of open positions were short. In detail, long positions are 6.5% higher than yesterday and 16.8% weaker since last week. Short positions are 5.5% higher than yesterday and 0.5% weaker since last week. Open interest is 5.8% stronger than yesterday and 4.5% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD gains.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at 2.19 as nearly 69% of traders are long. Yesterday, the ratio was at 3.03 as 75% of open positions were long. In detail, long positions are 4.5% higher than yesterday and 6.7% weaker since last week. Short positions are 44.5% higher than yesterday and 0.9% weaker since last week. Open interest is 14.4% stronger than yesterday and 6.0% below its monthly average. The SSI is a contrarian indicator and signals more AUDUSD losses.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at 2.60 as nearly 72% of traders are long. Yesterday, the ratio was at 3.29 as 77% of open positions were long. In detail, long positions are 6.5% lower than yesterday and 5.0% weaker since last week. Short positions are 18.3% higher than yesterday and 12.6% stronger since last week. Open interest is 0.7% weaker than yesterday and 0.1% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD losses.

Originally Posted by Alejandro Zambrano

London session review and outlook June 1 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.




Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

Follow me on twitter: https://twitter.com/AlejandroDFX


Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join.

Can you post today's Session if you had one Alejandro. I got up early for Greg's and nodded back out shortly thereafter :s Thx
Alejandro.