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UsdJpy Chart

A quicky long taken below 1.30 after the yesterday's high breakout. Market in a risk on mood, expecting a pop in US opening. This is probably going to shrug off the general strike in Spain. It's a tactical trade with no other incentives than market dynamics supported by a bullish sentiment on...

Week 44 intentions. Not much to say. Hurricane Sandy is blurring the environment, since we don’t know the US positioning and the rest of the world is in stand by mode. Furthermore, focus now will shift on the US election outcome, with rather a mixed impression on the outcome consequences...

All the Add-ons were closed at 79.92 prior to the fact with a+2p. Thinking not enough participants to price in the event above 80.00 not to mention 80.50; since US are closed and focus shifting on Hurricane Sandy . Of course still giving to the position at 77.46 a core status . Weekly intentions...

Last add ons of the week, have a good week end.

On the YEN from September 28th, EurChf 6th September, long stuck around 1.21 ES_f july 9th @1325, with loads at 1340 and 1380, thinking to close the loads at 1390 if it pull back that low, targeting 1500 and above. I don't have a real hold time, I exit when my views are changing, this is...

Yeah Bro i tend to neglect the tech side in terms of timing. I closed that EU pos at 1.2920 with -58 pips . I am keepin the UsdJpy and want to add after the GDP since I am seeing the current downside move as specs looking for a better price before discounting the meeting. Although I am going...

A week like a random walk in a mine field. I think a trading journal is not only about the positioning and analysis, it is also about the psychology which is as every trader knows, experimented or not , a big piece in the trading process. I will post my thoughts on the subject each time I...

Hi Bro, yeah profit taking after the fact. I see that remaining move to the fact as a way to see the price far from my last add on at a fast speed, giving room to significant pull back. I think also that what was already priced in is the likely easing not it's scope and size, at least not fully...

Ok let’s take a look at that badly timed EurUsd long bought on impulse ahead of well know bearish catalyst. The compounded position is at 1.2982 and I have a pending one for the day in negative territory at 1.2967, I don't see it filled though. On the chart I have pointed to the areas where I...

Added a seventh position to the UsdJpy explained in several posts . Market is going to start pricing in the likeley easing from BOJ on October 30. After having hit the 80's decision area with a massive size (TP add-ons 2-3-4-5 ), I am deciding to follow this leg until my conviction of a way...

The relatively good Hsbc Chinese PMI, though below 50, is giving wings to risk on addicts. I am not going to play against this kind of addiction mainly when it is used by some to liquidate before a carry traders catalyst, thats is RBA rate decision on early November. Consensus is still...

One of the most important value of a trading journal or a trading blog is to keep track track of what has been said and what you're doing. If we look at this trade on EurUsd above and to what I have planned in week 43 intentions, it is easy to see the widening spread between the plan and what...

On this one I have split in 3 the normal position size on the pair, compounding an averaged position at 1.2982 as explained here. Now what? The Ifo and Pmi’s were really ugly. The main core economy, Germany, is hit and now paying its inertia and austerity stance taken during the crisis...

Repositioned at 1.2930-1.2900 after ugly German Pmi ahead of Ifo climate index. Why: 1: The Draghi speech is capping the downside and will very likely bring it back above 1.30 . 2: Rajoy waiting for the green light from Germany to request the bailout, the worst are the German...

Follow ups 1.2995 filled 1.2950 not far. Risk is that macroeconomics news are due tomorrow along with Draghi speech. This is what is explaining the current south positioning partially with the silence from Spain and the discount of a bad german Ifo number to which you add the market dynamics...

Hi bro, nice analysis, as usual, good luck to you too.

This trading plan started like one month ago here on 2 pairs UsdJpy and EurJpy; the latter was fully closed with lot of pips before target since I was heavily positioned on UsdJpy based on the same incentives. I've added on UsdJpy 6 times so far, 2 are still running plus the sexy core position...

Finally I've got a long position on the EurUsd, filled during this morning GMT sell off. I was pending at 1.3024 and still at 1.2995. If it goes below 1.30 I would consider adding on the down move at 1.2995 and around 1.2950. One must be careful with these pyramiding since you can find yourself...

One add-on remaining and locked at 79.60 next target around 80.60 . Will probably add around the 80s on pull back.The idea is to reload heavily at liquidity clusters if sentiment is OK. So why not just keep the previous added orders: 1: Because by mistake it has been done on an averaging...