Nothing is ever 100% [/quote] Of course it isn't. That's why we play the probabilities. (And why we wish each other luck...)

USD/JPY Discussion

Errrmmm.. Maybe not so much this time. Global stocks are about ready to roll over here, starting with the Nikkei. The H4 is showing an incomplete zigzag on the superZUPer and that will close the downside triangle before a move higher. The thing is, ...

USD/JPY Discussion

Absolutely. Bought at the Weekly Pivot @~101.857. A bit of a drawdown but back running hot, straight and normal. My (very optimistic...) upside target is the 10DMA @~ 103.1x. Best of luck to you!

USD/JPY Discussion

Not exactly. The drop has been "fundamental." Risk assets, such as stocks, have been sold off heavily, sending the pair down. The bounce we will get today is "technical" because it is bouncing off of the Weekly Pivot and a major Fibonacci level.

USD/JPY Discussion

No. It is the general "risk-off" atmosphere that will soon be reversed when the US releases retail sales figures and unemployment claims. The U/J has bounced off the Weekly Pivot, which will act as very strong support for the rest of the trading ...

USD/JPY Discussion

I generally trade the Weekly Pivots because the Daily Pivots are sometimes kinda squirrelly...meaning sometimes they at least make a speed bump but a lot of times they don't. With the Weekly Pivot, there's almost always at least a pause and a bump ...

USD/JPY Discussion

The longs are seriously losing traction here. Abe's guy wins, Nikkei ramping up but... U/J just sitting there, treading water. And from the looks of it, the legs are getting tired.

USD/JPY Discussion

Upside target is the trendline along the Weekly tops @ ~106.3.

USD/JPY Discussion

We may be inside a capitulation/bottoming sequence. There's a triple bottom on M30 and rarely do they make four. Get long on it is the word.

USD/JPY Discussion

US Personal Income and Expenditures should tell the tale of the tape...

USD/JPY Discussion

You're in? And what does that mean, exactly?

USD/JPY Discussion

What we need to see is a decoupling of U/J from Euro. Deflation in the Eurozone means printing more Euros to bail out the banks, as well as some odd interest rate moves from Mario Draghi. That is going to be Euro negative, which should be dollar ...

USD/JPY Discussion

No kidding. I feel like I'm back on the fourth grade playground in here sometimes. Good luck, Smash.

USD/JPY Discussion

Draghi stated that we should expect rates to stay this low, "or lower," for an extended period of time. A review of European banks shows a shortfall in the stress tests of $115B. Doing the math, one should expect the Euro to sell off at the start of ...

USD/JPY Discussion

You gotta take the drawdowns but... man alive. I wasn't expecting that. I had to take some partial closes on my longs but... look what happened on the H4 the last time U/J hit this level.

USD/JPY Discussion

The Chop is the fun part.

USD/JPY Discussion

I'm thinking the Chinese had to inject $46B (?) into their money markets this morning and equity markets got the heebie-jeebies because of ghosts of Lehman. Now, they have realised that there's just more punch in the punchbowl and will prolly carry ...

USD/JPY Discussion

YOYO stands for "You're On Your Own." My kids hate that. :/

USD/JPY Discussion

Rinse and Repeat. Make ya rich...

USD/JPY Discussion

Weekly Pivot. It's what's for breakfast, lunch and dinner.

USD/JPY Discussion