There will be plenty of back & fill on the small scale, you could see those 30 pips from here by the time NY opens up. I wouldn't be surprised to see a full-retracement back to the uptrend @ 122 the way this thing moves.

USD/JPY Discussion

What's your average entry price and TP/timeframe? Another 50-pip swing or so? I stick to the dailies primarily, the 200-day SMA at 119.73 looks like a magnet to me..

USD/JPY Discussion

The interbank desks are closed from Friday 5pm EST to Sunday 5pm EST. Brokers that offer weekend quotes/trading are just offering gimmicks really.

USD/JPY Discussion

goodthings, Without having to check the ATR on each cross in MT4, is there any other source that shows a table of all currencies/cross-rates' daily and weekly ATRs?

Aussie Pairs

Trader Tax, do you mean "turn in a log" only if you're audited? Or with every annual tax filing? I thought an FX trader simply needs to keep a personal log (showing 988 opt out), and files the net P/L on 6781. IRS law states the log must be filed?

FF Trader Tax Thread

If by "carry us away" you mean afford grammar lessons, then I'm all for USD/CAD selling, for the greater good. :

USDCAD trend reversal?

Previous thread on this here with some info.

Managed Accounts

Not exactly, the trendline today sits at 122.01. That particular line happened to be well observed and tested since March. But take it fwiw, trendlines are hardly of utmost importance.

USD/JPY Discussion

You mean like the past 4 reversals since May that all failed?

USDCAD trend reversal?

I didn't see any news that could explain that quick 50-pip spike, anyone else? It's been very lucrative to short these USD/CAD spikes, I wonder if this is any different..

USDCAD trend reversal?

I prefer fundatechnical trades vs gut trades. My gut trades usually end up in the gutter. Though my gut was right on USD/CAD.. 1.0485, +45 since last post. Oh well

USD/JPY Discussion

Good luck with the trade. FWIW, I'm surprised by the weakness in CAD and AUD today despite the dollar selling. They're both retreating off their highs. In fact, USD/CAD has already brushed off the subprime news without hitting a new low. If this is ...

USD/JPY Discussion

Just like to throw my TA into the mix too, and suggest to any on the sidelines to hold off on USD/JPY longs until we see some stability. Right now, USD/JPY is positioned in a strong bearish stance. It's trading below the 50-day SMA, the March ...

USD/JPY Discussion

Right, only a 50% correlation, the other 50% is the yen. I was just saying a correlation of yen crosses, and a relative value analysis of USD/JPY vs those other crosses, is aided by considering the factors affecting the USD side of the equation.

USD/JPY Discussion

I would be hesitant to look for relative value or "reasonable"ness of USD/JPY vs the other yen crosses. USD/JPY is where it is comparatively because the USDX is at multi-decade lows in the midst of a heavy downtrend. All of the yen crosses will move ...

USD/JPY Discussion

Yes, I saw it tested, broken, and a new low of 120.88 established. That invalidates his call, and I'm sure he'll have a new strategy posted on Monday.

USD/JPY Discussion

I see you're quoting Jamie Saettele's exact figures. You should not blindly follow EWT/TA with no regard for underlying fundamentals. His recent long-dollar calls based upon EWT are now underwater after today's events.

USD/JPY Discussion

Open up any financial news website! S&P Cut Ratings! 10-year yield just fell below 5 percent in a flight to safety, USDX may break 80, blood in the streets today!

USD/JPY Discussion

More like bore you away. The pits are all but dead these days, complete ghost town. Not just equity either - bond, ag, metals, the action left the floor a long time ago. A little action left in eurodollar and some option pits, but not much. Good ...

Are Trader Lonely people??

Great scalp. Already back to 1.0435.

USDCAD trend reversal?