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frx_trader replied Mar 23, 201750% retracement and dropping again. The market indicates it's not ready for 110 and UJ is still weak. But nobody can rule out 112.60. I will always try this number everyday until it reaches there.
USD/JPY Discussion
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frx_trader replied Mar 23, 2017Yesterday it was GU not moving from 1.2480-1.2490. Suddenly it jumps to 1.2530. Well, we get to follow the leader. The market test 767 (Boeing) and 800 (Boeing). So, wait for the next move. Maybe it tries to break 1.825 or 1.730. Just wait. Today it ...
EURUSD
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frx_trader replied Mar 23, 2017The bear have a hard time knocking off 080. Rejected again today, and straight up to 111.10. What does it tell you?
USD/JPY Discussion
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frx_trader replied Mar 23, 2017Why stop buying? The bull is at the door. I am watching it and it's at the door knocking. I am going to buy again if it hit 070 or 080.
USD/JPY Discussion
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frx_trader replied Mar 23, 2017Today is a pause for EU. All eyes are on JPY and GBP. So I don't expect any action to break low or high today. It is for the market to rethink about bull and bear. Seems bear is at the door. Bull is defending some supports.
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frx_trader replied Mar 23, 2017Ok. Time to go up now. Have to close my trade tonight. Because Friday will be nastier with low volume.
USD/JPY Discussion
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frx_trader replied Mar 23, 2017Why people buy JPY? I am still holding my short at 1.44. Looking for 2.60.
USD/JPY Discussion
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frx_trader replied Mar 22, 2017UJ and Nikkei are somehow related to Gold. Gold is off from the high. So, instead of buying Gold, they buy stocks. Consider negative interest rate. Question: If you can borrow without any interest. And Gold is declining. Where to put your money? ...
USD/JPY Discussion
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frx_trader replied Mar 22, 2017It's so depressing watching UJ falls. Like the earth is shaking hard.
USD/JPY Discussion
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frx_trader replied Mar 22, 2017There is a support at 111.20 (38% monthly fibo and 112% weekly fibo). I don't think it can hold. But let's see.
USD/JPY Discussion
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frx_trader replied Mar 22, 2017When it hit 110. It will be a complete different range of 108 - 111. Ugh.
USD/JPY Discussion
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frx_trader commented Mar 22, 2017How about the cakes are all gone. Well, small tiny piece for your tongue.
Brexit: People want to scrap EU freedom of movement but continue free trade with Europe, says...
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frx_trader replied Mar 21, 2017Missile test failure can be good news. But Brexit, Frexit, and Trump are still in play. Not yet to go long. Especially with 114-115 as strong resistant. Can try to go long for 112.60 weekly fibo 50% on my chart and also is yesterday pivot. SL 111.30 ...
USD/JPY Discussion
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frx_trader replied Mar 21, 2017Agree, hardly anybody gets lots of pips these days. It's even harder with UJ. We don't know if it will break to 110. But there is a good chance. Just an opinion. I will be long when it's 110.
USD/JPY Discussion
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frx_trader replied Mar 21, 2017If you buy, your SL is 680, or 710 If you sell, SL 960 or 890
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