I´m being conservative. What I really think is going to happen is a complete reversal of the move down from 124 since 2007. It happened before. From 1991 to 1995, USD/JPY went from 142 to 79. By 1998, just three years later, USD/JPY not only ...

USD/JPY Discussion

I tell you, if we get to the spring with the polls pointing to an almost sure republican win in 2012 (which I believe will happen), you are going to see the dollar rocket up against the yen. It will be a gradual climb starting probably around now ...

USD/JPY Discussion

I´m like you Bear. I´ve always felt it is easier to catch ten 1 kg fish than one 10 kg one, but I´ve been keeping an eye on USD/JPY for months now. I traded it dozens of times for great profit and I´ve been seeing a lifetime opportunity develop as a ...

USD/JPY Discussion

I closed the trading long I bought yesterday at 76.82. I am still holding my 10 long term contracts. Will hold those until we hit 100.

USD/JPY Discussion

The chart looks great right now. We finally have the breakout I´ve been looking for. The RSI is up to 57. We need to break above the 200 SMA and hold it to confirm that this is what I think it is.

USD/JPY Discussion

Today´s chart is more of the same. The RSI trendline is still strongly bullish. As we know, bottoms are made when the last few longs finally throw in the towel out of despair and everybody moves to the short camp. From the sound of this thread, ...

USD/JPY Discussion

Gold is dropping fast. It looks like this is good for the dollar.

USD/JPY Discussion

No Q3. Just a sterile twist. I think this is dollar positive since Q3 was partly built into prices the last few days.

USD/JPY Discussion

The only solution is to play less leverage (50:1 max) and lower your stop considerably before FOMC. I just lowered it to 74. I´ll bring it up again an hour or so after the announcement.

USD/JPY Discussion

For whatever it is worth, I´d like to tell you that my company in the US has experienced a jump in sales since the middle of August. We touch various areas that are quite economically sensitive, especially the Green Grass Golf sector. The company ...

USD/JPY Discussion

Bear, I don´t think moving your stop so tightly is a very good idea with FOMC announcement coming. The reason is that there will be a spike both ways before an established direction surfaces. So even if 10 minutes after the announcement we may be ...

USD/JPY Discussion

Existing homes sales was a mini trigger, but I agree that the mega trigger will be FOMC. We will do or die after that. From what the technicals tell me, the announcement out of the meeting will be dollar positive.

USD/JPY Discussion

Here is the updated chart. The RSI trendline is still holding. This is the first time in my 30+ years trading that I see an over two month unbroken trendline on the RSI without the market responding in the direction of the trendline. It is a bit ...

USD/JPY Discussion

I think you are right on. As a matter of fact, 4 days ago I posted here something along those lines: "For the past 6 weeks USD/JPY has been locked in a highly unusual tight range of 1 Yen from top to bottom. Looking back to the past I found a few ...

USD/JPY Discussion

Just kidding

USD/JPY Discussion

I´m here !! Nice to know you missed me a bit. I´ve been busy with a work project. Here is the current chart. The RSI trendline is still holding nicely. and the Trix has flashed another divergence green arrow which added to the clear divergence on ...

USD/JPY Discussion

Have a nice weekend everyone !!!

USD/JPY Discussion

For the past 6 weeks USD/JPY has been locked in a highly unusual tight range of 1 Yen from top to bottom. Looking back to the past I found a few ranges that oscillate between 1.7 to 3.5 Yen top to bottom. This one is out of the ordinary. A tight ...

USD/JPY Discussion

It would be highly appreciated if you would take your feud to private messaging. It is very distracting. If others think I am wrong, please tell me and I will keep my mouth shut. Thanks.

USD/JPY Discussion

Yes. I believe there is a high probability we will break the top channel wall and continue on to over 100 in the next year to 18 months. It won´t be in a straight line. There will be great opportunities for swing trades, but I think King Dollar is ...

USD/JPY Discussion