USDJPY - High of 105.41 as DNT defense for 105.50 kicks in. Higher US bond yields and Nikkei Index helping to support the pair. That 105.50 level looks to be done if we can get just a push above those offers at 105.40.

USD/JPY Discussion

Last week's Japanese Tokyo & National CPI releases (0.7% & 1.2% YoY respectively) were multi-year highs, showing that the BoJ can start rasing inflation. CPIs are to be watched closely as lower than expected figures could mean the BoJ must increase ...

Central Bank Watch

Forgot I was replying to an FF muppet with no original advice for a trader's mindset. Copy and paste 10 steps from a website and offer a line of crap: "One must only go with the flow".. typical FF bullish that aspiring traders are to be disappointed ...

Developing a Trader's State of Mind

If a trader has helped make a market more efficient, the trade would be a discount of future pricing, thus the ability to profit from it.

Developing a Trader's State of Mind

Trade towards value. When taking advantage of a pricing inefficiency, trading it in the direction of its value will help the markets become more efficient.

Developing a Trader's State of Mind

That counter move is swifter than the push up as the move up consumed any standing orders in that area. Took less selling pressure to bring it back down. If you were to short every new low on the 5min chart, could make a nice Xmas profit without ...

EUR and other currencies - recent move

If bat & butterfly traders could make money all day trading like that, the world would be ran by loonatics! lol. More margin calls and stops were taken out than traders who called Friday's tops or bottoms.

EUR and other currencies - recent move

Joe, we know you aren't a total noob but looking past the obvious triangle pattern... a break up or down would be viable foreseen moves. Usually that move would have been countered with more opposing orders as price went higher but didn't as real ...

EUR and other currencies - recent move

Certain times the market is thin enough to move. Large traders that knew what the current market microstructure was, ex. on EU: buy stops above 1.3815 and a large No-Touch option at 1.3850, used that on their behalf, as they traded with their ...

EUR and other currencies - recent move

Been some easy money playing Usd/Jpy DNTs every 50pips 99.50-->104.50 this fall.

Order Flow Trading for Fun and Profit - Book

Market illiquidity

EUR and other currencies - recent move

Opps, forgot about the UK central bank. I agree with this outlook: BoJ, RBA, ECB, BoC, SNB, FED, BoE, RBNZ No doubt the RBNZ is going to use Aud/Usd bearishness to increase rates, keeping NZD/USD confined but the diverting of RBA & RBNZ's monetary ...

Central Bank Watch

Sup numb. It feels like all I've been talking about is central banks and who's policies are diverging from one another. Nice to see a thread for discussion as not many are on during my Asian market analysis I see continued Yen weakness as I would ...

Central Bank Watch

If the SNB needs to buy Euros at Eur/Chf 1.2, they'll diversify their surplus of those Euros by quietly purchasing other ccys like they did late-2011/early-2012 when they sold hard on Eur/Cad & Eur/Aud, doubling their CAD & AUD holdings that would ...

EUR/CHF

Think I'm going to keep this EU long open a bit longer.(grey box entry) Personally don't expect Taper yet. If a set outline for taper is announced, may hurt it still. Other than that, I'm staying away from this risk event. saw this earlier on ...

EURUSD

SNB said they're prepared to create any reserves if needed to keep the 1.20 floor. Though Jordan has said he sees the Franc being of high-value for a while still.

EUR/CHF

That's for post-FOMC. Not ready to open a USD trade until after that. Better than expected FOMC release, I'd like to look for Usd/Cad longs if Wed's volatility could send the market lower through these levels.

USD/CAD

Usd/Cad could be on a slippery slope heading in to Wednesday. Sell stops under 1.0570/60/50 levels.

USD/CAD

Reports of large vanilla options set for expiration today all throughout 102.50-104.0. The largest level of option hedging to take place at the 103.0 level similar to yesterday's. more levels abt big option levels in these guys' post: Huge options ...

USD/JPY Discussion

SNB says they've got unlimited amount of bids at 1.2000!

EUR/CHF