Comments on: USD/JPY: Both components looking like funding currencies

By: Sean Lee

Sean Lee — Fri, 18 Oct 2013 04:20:04 +0000

I like this strategy Dok, hope it works well. Have a great w/e

By: dok

dok — Fri, 18 Oct 2013 04:03:30 +0000

Sean,how are you? i thought we are on swing trade for major but i have my eyes on EUR crosses, i thought it would be bearish on not too distant futures.i am shorting EUR/GBP last week above 0.8500 & i am also adding EUR/JPY shorts at 134.05, i like to trade swing on EUR.USD with no clear bias.

By: Abdullah Hussain

Abdullah Hussain — Fri, 18 Oct 2013 01:49:55 +0000

I hear you Sean, i went short when we were close to the 99 range with a stop at 99.1 and closed my trades at 97.8, so im happy with my yesterdays trades, i just think im going to take another long weekend and just be a spectator for Friday as i can see 98.4 in the cards for today and if we break that maybe higher (though i dont think thats gonna happen today) but overall I still think if not on friday by Monday hopefully 97.5 will be breached, this whole Shut-down and Yellen + QE deferral Combo has Ruined my Trading Mojo, But As you said, I have all these Ideas on what can happen, But at the end of the day there are All Guesses!

By: Sean Lee

Sean Lee — Fri, 18 Oct 2013 00:21:13 +0000

Don’t have a strong s/t feel Abdullah so I’d only be guessing, prefer not to. Asia quiet as usual 🙁

By: Abdullah Hussain

Abdullah Hussain — Thu, 17 Oct 2013 21:41:40 +0000

Morning Sean, Well as I said yesterday I was sure we would Breach 98,but I didnt know it would be so soon, thats forex for you! well Sean, this pair has been stuck between 97.95-97.8 for a few hours nows, and I overall am still a bear, but whats your possible range for today?