I agree with you. It´s totally irrational. That´s why I don´t trade the fundamentals. Still, the big turns in markets happen at extremes of irrationality. It happened with the euro recently when nobody could understand how it could levitate at 1.45 ...

USD/JPY Discussion

Here is the current chart (H4). Look at the price action respecting the bottom wall of the Price channel. The RSI trendline is still holding (bottom), but most importantly, the trix is opening (Fast Trix rising faster than Slow Trix). This is ...

USD/JPY Discussion

This is from Simon Smith, Chief Economist for FxPro. I listen to his words. He is consistently accurate with his comments: Do not underestimate the dollar. Battered for most of this year, especially in the first few months, the dollar is enjoying a ...

USD/JPY Discussion

The Euro has only begun to fall. It should be under 1.20 by the end of the year. I´m sure the Japanese government is wringing their hands about this. Not sure what they can do about it though. Probably nothing, but they have to show themselves to be ...

USD/JPY Discussion

I think they will probably do something. Mostly because of what has happened to the EURJPY in the past week. The European market is an important one for Japan. They will do something, but when and what form will it take? Who knows?

USD/JPY Discussion

I´m with you, guy. Not necessarily because of a possible intervention but simply because I see a change coming in the charts for the dollar in the short and medium term. You are probably right though that an intervention is near. If not now, when? I ...

USD/JPY Discussion

I´m still in the trade. Attached is the chart right now. The Trix is still green with the fast trix over the slow trix on the THV. I found the correct channel for the Price Action. I can tell its the right one because the midline (dashes) shows ...

USD/JPY Discussion

You don´t have the correct trendline. The one I reflect on my chart begins with the bottom on 7/14 4:00 and connects with the bottom of 7/27 8:00. I still have almost two hours left on the current candle. If it closes at this level, the trendline ...

USD/JPY Discussion

Yes. H4.

USD/JPY Discussion

Here is the current picture: The RSI trendline (Bottom) is still holding. The Fast Trix and Slow Trix on the THV are green and the Fast is above the Slow which is very bullist. The 60 EMA is above the 200 SMA and still green and rising. The Euro ...

USD/JPY Discussion

I have alarms set on my indicators. I only use stop losses when I am away from my computer which is not often I must say.

USD/JPY Discussion

Euro and S&P starting to drop now. Dollar Index rising a bit. This still feels OK for the bulls.

USD/JPY Discussion

The 4H bar just closed. The RSI trendline is still intact. The Trix is still green. I will continue to hold until my indicators tell me it´s time to jump ship.

USD/JPY Discussion

No I´m still holding my long. The bar hasn´t closed yet.

USD/JPY Discussion

I´m still not convinced. Feels like a shakeout to me. The next few minutes will tell the story. I am holding for now. If I´m wrong I will eat some crow.

USD/JPY Discussion

Actually positive news are good for the Euro and S&P500 but for now, it seems that bad news brings back the Risk Off trade which has been good for the dollar. Than can change though.

USD/JPY Discussion

That´s what makes a market. It´s the beauty of this game. Some of us are convinced it´s going down while others are equally convinced of the contrary. Fascinating indeed. By the way, every minute that passes at around 76.80 without a break, makes ...

USD/JPY Discussion

Not yet my friend. Price can poke its ugly nose over the price trendline a pip or two, but as long as the RSI trendline continues to hold and continues to climb, the odds are with the longs. Every rejection makes an upward explosion soon more and ...

USD/JPY Discussion

More of the same. — USDJPY H4 is testing the RSI trendline (bottom of chart) for the umpteenth time. It tries to break it over and over, so far unsuccessfully. We will see what happens. This is really interesting.

USD/JPY Discussion