Tag Archives: usd/jpy
8/8/11
The S&P retested Friday’s low early last night putting in a double bottom pattern on the point & figure charts. If this area is violated we will start moving in roughly 20 point increments, possibly as low as the mid … Continue reading
A.M. Look 8/5/11
Gold & Silver…yesterday’s lows were great in both. Now we have to see if we hold those lows on the unemployment #( which have typically been the lows for the rest of the month). Moreover, the gold needs to close … Continue reading
A.M. Look 8/4/11
I wrote the Bulk last night…. Obviously ETF Traders were hamstrung until this a.m. S&P 500…Today we’ll look for price rejection in the mid 1270’s the first time up. The pit 200 day is app 1283. A lot of good … Continue reading
Yen Intervention
Cash or Futures traders be out of 50% of your short Yen, LONG USD/JPY, any where close to 79.50 USD/JPY! (App 125.75-126.00 Futures.) If you’re awake and involved start scaling out of some! —
YCS…FXC
Currently we are short the Yen via ( Long YCS ETF) We will spread this up by buying the FXC ( Long Canadian Dollar ETF)@ the Mkt. “Currently trading around 103.20”
YCS…Short Yen Futures…Long USD/JPY
ETF guys can nibble going long YCS with a 30 cent stop. It’s currently trading around 13.86..The stop is below 13.50 intra day. Pro-Traders…timing and trade location are as previously discussed.
USD/JPY….Yen Futures
We spoke of the 131 Futures level on Friday…We’ve put in a double bottom pattern on the monthly and qtrly charts in USD/JPY @ 76.30 ish This is the level to sell the Yen against with a very tight stop. … Continue reading
Day Traders…SPU
That was quick…That low has the potential to hold at 1275… Opening range traders just got a 30 point move…take the money and run! Why…EUR/CHF came to close to 110.50 tgt matching 142.50 EURO USD/JPY has to close the day … Continue reading
USD/JPY…Fear Trade
The yen futures have elected the IMM stops over the March high. The cash spiked to 76.25 USD/JPY before the futures reopened, that’s app 131 ish. So yes, the futures can still rally another 140 points to match up with … Continue reading
USD/CAD…Stops…Safe Haven Price Action
Currently USD/CAD is having difficulty with the 94 level. A close today over 94.80 will have us sell the remainder of this position. We’ve been stopped out of Cat…( “The dog with the least amount of fleas” Gordon Gekko ..after … Continue reading