DAX hitting all time high, SP 500 closing at all time high on Friday. I would be a bit leery of equity markets being the catalyst for US strength at the moment.

USD/JPY Discussion

NOT a trade recommendation, just sharing my plan. Maybe a bit repetitive, but I like to spell out my plan in words for others as well as for myself rather than just throw up a chart and assume traders understand it. It also helps me to be more ...

USD/JPY Discussion

Until price breaks and/or closes convincingly below weekly S1 @101.38, I am still a buyer in the 101.4-5 area. We have seen 101 once in the past 6 months. I would rather go with recent history and target 102 instead of trying to buck the trend and ...

USD/JPY Discussion

As suspected, Yellen didn't rock the boat so technical analysis is still the flavor of the day. UJ solidly above daily support now looking to breach 102 by weeks end and hopefully the 38.2FIB RT @102.38 As stated here, bond yields at lower end of ...

USD/JPY Discussion

Haha, I prefer to call it Bodonka, home of the anonymous degenerate frat boy players

USD/JPY Discussion

IMO, the Yellen factor has probably been priced in somewhat. I think the market expects a fairly dovish tone based on recent dollar price action. I think Yellen will tow the line and not say anything to rock the boat. She is smart enough to realize ...

USD/JPY Discussion

Holding long term. I don't believe the rate will change, so I'm trading the chart. I think this retrace was just what the doctor ordered. Carry traders probably drooling over the opportunity to load up again in the 94.5 area. Yen QE toilet paper ...

AUD/JPY

TP#1) 95.83 TP#2) 96.45

AUD/JPY

IMO, a formidable confluence support zone. #1) 50DMA @94.49 #2) DAILY S1 @94.45 #3) WEEKLY S2 @94.47 #4) DAILY 38.2FIB Retrace from April 4th @94.44 #5) DAILY TRENDLINE FROM EARLY FEBRUARY Seems to be a critical battle here. Personally, I am still ...

AUD/JPY

I know it's one hour chart as my post suggests. I don't see leg AB = CD , not nearly the same length, doesn't fit the definition of a simple harmonic

AUD/USD

I don't see how AB = CD on the 1H Chart that you posted??

AUD/USD

The feeling that "I must act now or I will miss the big score is quite natural but of course very dangerous". There is ALWAYS a better opportunity but we may miss it if we aren't patient. Be diligent and write down your reasons for initiating a ...

AUD/USD

No I didn't. I have been holding shorts for 3 weeks now but have done some scalping in the meantime which has helped cut into my unrealized losses. If I may say, the 4H chart is looking quite sexy. Look at how the 50 and 100MA is fondling the 4H ...

AUD/JPY

Price pierced through 4H resistance but without any follow through. Looks like resistance may hold on the daily, let's see what the Asian session holds Green pips to all

AUD/JPY

Updated chart: Chinese GDP coming in as expected seems to have been positive for the Ozzie and Yen crosses. AJ pushed up and indeed was majestically rejected at resistance, however, with US equities set to open higher could it be enough risk on ...

AUD/JPY