Comments on: USD/JPY: Got my bids lined up at 93.50 https://fxww.com/usdjpy-got-my-bids-lined-up-at-93-50/ The Professional Source Fri, 14 Jun 2013 00:05:25 +0000 hourly 1 By: Johanes https://fxww.com/usdjpy-got-my-bids-lined-up-at-93-50/#comment-23032 Fri, 14 Jun 2013 00:05:25 +0000 http://381c099c8f.nxcli.net/?p=8555#comment-23032 Hi Sean,

This Asian morning session the USD/JPY moved to 95.83 (my long at 94.20) and the lowest quarterly band also aligned to 92.00 from the previous 91.00 (my stop loss 91.00).

I am still optimistic for USD/JPY to move to upward direction to follow my prediction of the up-trending macro-trend to visit the 117.00 or more.

Do you think my position is make sense?

]]> By: Sean Lee https://fxww.com/usdjpy-got-my-bids-lined-up-at-93-50/#comment-22895 Thu, 13 Jun 2013 07:00:31 +0000 http://381c099c8f.nxcli.net/?p=8555#comment-22895 Very logical Johanes and prob not far from truth in long term but that doesn’t mean that we don’t see 85 again! Nothing surprises me in these mkts. Long term I’m overall bearish USD altho prob not against the Yen, more so AUD and GBP

]]> By: Samir Maredia https://fxww.com/usdjpy-got-my-bids-lined-up-at-93-50/#comment-22893 Thu, 13 Jun 2013 06:58:22 +0000 http://381c099c8f.nxcli.net/?p=8555#comment-22893 Thanks. Will take small long position with 100 pip stop loss.

]]> By: Johanes https://fxww.com/usdjpy-got-my-bids-lined-up-at-93-50/#comment-22892 Thu, 13 Jun 2013 06:57:14 +0000 http://381c099c8f.nxcli.net/?p=8555#comment-22892 Hi Sean,

Is it the 93.50 is the estimated equilibrium?.

When USD/JPY hit the level of 102.00, both IMF and OECD stated that the USD/JPY is near equilibrium (the term introduced by Soros).

In my opinion, the 75.00/75.50 is the “disequlibrium” or “far from equilibrium” the term introduced by Soros. I estimated that the 117.00/118.00 is the “equilibrium”. Thus, currently we trade at central currency band (currency band theory introduced by Krugman).

I long USD/JPY at 94.20 is the estimated central currency band and stop loss at 91.00 is the estimated quarterly lower time series currency band. It is almost similar to my long position on EUR/JPY where I estimated that the quarterly lower time series currency band is 125.00 (the pair pressured down to 125.49, near the stop loss at 125.00).

I appreciate for your opinion and advise.

]]> By: Sean Lee https://fxww.com/usdjpy-got-my-bids-lined-up-at-93-50/#comment-22891 Thu, 13 Jun 2013 06:45:55 +0000 http://381c099c8f.nxcli.net/?p=8555#comment-22891 None yet Samir. I will buy a small amount first, if my levels hold then I add to position generally with 60/80 pip stop-loss and 150/200 pip t/p. I’ll be flexible though depending on mkt conditions

]]> By: Samir Maredia https://fxww.com/usdjpy-got-my-bids-lined-up-at-93-50/#comment-22890 Thu, 13 Jun 2013 06:35:00 +0000 http://381c099c8f.nxcli.net/?p=8555#comment-22890 Hi Sean,

What is your SL and TP?

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