Proper bottoming pa must have conviction.

USD/JPY Discussion

Contrarian to who? Trend? Commercials? Large Specs? Retail? Media?

USD/JPY Discussion

Indeed, non-comms haven't closed enough Yen Longs, in fact it is rather obvious that they can see order flow and "kill it", just switch on something like a 4 hour Ninja chart with MACD, every time it looks like MACD is about to get to the centreline ...

USD/JPY Discussion

Amazing research by the one and only Nadeem Watayal url

USD/JPY Discussion

The past reveals probability of a future

USD/JPY Discussion

IMO that is HIGHLY unlikely, because there will be huge sell orders (distribution) in Yen near highs, ad pros know that such levels don't just collapse. Anyway, we shall see. Holding my long Ninja.

USD/JPY Discussion

Here comes the flush IMO ie weak hand death squeeze

USD/JPY Discussion

I like to think in terms of why and only later when. Keeping that in mind my call is for monthly 20 SMA kiss ie 90-91 @ possibly overshoot to 100 since it's been a support for many years. Although 100 is possible it is not yet likely without first ...

USD/JPY Discussion

What Geithner said about currency devaluations is total horseshit, don't buy into the bullshit that they are trying to feed you. QE means inflationary environment, not deflationary. FED said "if required" that means that they will not allow ...

USD/JPY Discussion

It's all about probability & all measure it differently. I am one of the biggest advocates for trend following, but you also have to be realistic & ask yourself where is price heading to? In Ninja's case it was 80 zone for obvious reasons, so the ...

USD/JPY Discussion

Geithner Said He Won’t Let Dollar Fall, Mantega Says Oct. 21 (Bloomberg) -- U.S. Treasury Secretary Timothy Geithner told Brazil’s Finance Minister Guido Mantega yesterday that the U.S. won’t allow the dollar to weaken, Mantega said. Mantega said he ...

USD/JPY Discussion

Whenever a zone is tested multiple times traders will try to test a level higher, IMO next level to be tested will be Daily 20 SMA which is around 82.5, beyond that is upper BB around 84.

USD/JPY Discussion

It's hovering around all time low, so risk reward is quite substantial if this cross turns North, even a retracement will be a very lucrative trade indeed. P.S. Daily studies point to range expansion getting close

USD/JPY Discussion

US needs to keep Asia sweet, after all they do play a major role in financing US debt. So USA can't really make a stand regarding USD devaluation, it needs to be at a level where Asia is 'happy'. I do sense that there is going to be a joint ...

USD/JPY Discussion

All time high by few pips or few hundred pips? That is the main issue, how likely for Yen to sustain a run beyond the current all time high?

USD/JPY Discussion

Aussie, Canadian & Swissie

USD/JPY Discussion

Jim Rogers in an interview with CNBC when asked which currencies he is holding long did not mention Yen this time. Even gold took 3-4 attempts to break $1,000, why would Yen break the all time high without a reaction? A quick flush & proper bounce ...

USD/JPY Discussion

Here are 2 charts. Unfortunately, because it's a trial of software the EOD data is delayed by almost 4 weeks, so it is not up to date. Both are Monthly charts & at the bottom is the COTs indicator. I had a look at previous COTs numbers & also ...

USD/JPY Discussion

But same argument can be used in GBPUSD, over how many years has 1.4 provided support?

USD/JPY Discussion

The simplest way to tell when a mid-long term trend in Ninja has changed is on a monthly chart together with 20 SMA. Generally speaking once monthly bar closes above 20 monthly SMA a trader needs to buy dips & when monthly bar closes below 20 ...

USD/JPY Discussion