USDJPY Technical Analysis For Your Learning: 30 January 2016, Saturday, 2.22am Singapore Time

USDJPY Technical Analysis For Your Learning: 
30 January 2016, Saturday, 2.22am Singapore Time

Attached above is the daily chart for USDPY as well as my longs entry, stops placed and exit point (profits taking point).
After shorting the Japanese Yen by buying USDJPY, I am taking all my USDJPY longs profits before the forex market closes in 3-4 hours' time.

Bank of Japan's news release of negative interest rates shocked markets, but actually are markets really that shocked? Of course not. 10 days ago, i.e. 8 trading days ago, I already said, based on technicals, USDJPY was going to rebound (refer to attached link below). I even charted the path of the rebound, and bought before the news. USDJPY is now going where I said it is going, and I am taking profits and selling USDJPY on news.

This is the technique of buy-before-the-news (buy on breakdown, buy on fear) and sell-on-news when sentiment is good (sell on rally, sell on greed).

￥2.6 million Yen profits in 10 days, or S$30k SGD in 10 days, translating to +S$3k SGD per day. There is no need to even go in-out-in-out-in-out the market like a confusing busy idiot. Go in, sleep, alarm clock sounds, wake up, take profits, go shopping. Simple and sweet.

:: Related ::
Previous USDJPY Analysis (made 10 days ago) as below:
http://donovan-ang.blogspot.sg/2016/01/usdjpy-technical-analysis-20-january_20.html

Above are the profits in (￥) Japanese Yen (JPY).
Below are the profits converted into (SD) Singapore Dollar (SGD).

Profits in this trade:
+S$ 30,581 SGD

Cumulative:

S$ 194,977 + S$ 30,581
= + S$ 225,558 SGD

Trading Journal:

http://donovan-ang.blogspot.sg/search/label/Trading%20Journal

Donovan Norfolk Ang

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USDJPY Technical Analysis: 20 January 2016, Wednesday, 1.28am Singapore Time

USDJPY Technical Analysis: 

20 January 2016, Wednesday, 1.28am Singapore Time

Attached above is the USDJPY Trade Set-up. 

Reward-risk ratio is 2.0x.
High Risk High Reward Trade.
Not recommended for those with low risk appetite.

(Bullish Rebound Expected: See Blue Arrow)

Donovan Norfolk Ang

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USDJPY Technical Analysis For Your Learning : 14 January 2016, Thursday, 7.30am Singapore Time

Attached above is the 4-hourly chart for USDJPY.

Longed large contracts (non mini-contracts) on the day when I confidently said there was buying pressure on USDJPY:
http://donovan-ang.blogspot.sg/2016/01/usdjpy-11-january-2015-monday-834am.html

The buy pressure for Japanese Yen is now stronger than any market buys for USD out there. This is causing some resisting pressure for USDJPY to advance as a pair. Enforced discipline to take profits on intra-day breakdown of my trend support and not wait for ￥121.00 target anymore.

Above are the profits in (￥) Japanese Yen.
Below are the profits converted into SGD.

Profits in this trade:

 +￥1,660,000
(+$S 20,958 SGD)

Cumulative:
S$10,114 + S$20,958
= +S$ 31,072 SGD

Trading Journal:

http://donovan-ang.blogspot.sg/search/label/Trading%20Journal

Donovan Norfolk Ang

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USDJPY: 30 July 2014, Wednesday, 7.55am Singapore Time

USDJPY: 30 July 2014, Wednesday, 7.55am Singapore Time

Added Shorts on USDJPY at 102.077

Bullish on Japanese Yen.

Long term target remains at 84.00 and just below 84.00.

Donovan Norfolk Technical Rating:
Bearish on USDJPY

Bullish on Japanese Yen

Correlation:
Nikkei is peaking

Donovan Norfolk Ang

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USDJPY Hourly Chart: 8 April 2013, Tuesday, 10.15pm Singapore Time

USDJPY Hourly Chart: 8 April 2013, Tuesday, 10.15pm Singapore Time

Attached above are my final three batches of shorts collection on USDJPY.
(The BLUE Lines and RED Lines are longer term lines in daily Chart)

(Comprehensive daily chart of USDJPY coming up soon)

All downside targets still remain.

Maintains Target of ￥83.54

(Target profit of more than 1500 pips per contract)

Donovan Norfolk Ang

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USDJPY Weekly Chart: 5 November 2013, Tuesday, 5.00pm Singapore Time

USDJPY Weekly Chart: 5 November 2013, Tuesday, 5.00pm Singapore Time

I deem the coast is clear for adding more SHORTS ON USDJPY again.

Established 8th Batch of Shorts on USDJPY at ￥98.249
Still holding on to all my first 7 batches of USDJPY Shorts

(Reverse Technical Analysis)

Maintains Target of ￥83.54

(Target profit of more than 1500 pips per contract)

I am buying Japanese Yen when everybody is shorting Japanese Yen

*Note: Buy JPY/USD = Short USD/JPY 

Refer to all live USDJPY trading below:

http://donovan-ang.blogspot.sg/search/label/USD-JPY

Donovan Norfolk Ang

USD-JPY Daily Chart: 5 September 2013, Thursday, 9.20pm Singapore Time

USD-JPY Daily Chart: 5 September 2013, Thursday, 9.20pm Singapore Time

USDJPY (Daily Chart) Technical Analysis:

All write-ups and technical analysis as illustrated in the chart attached above:

1. Break-up in daily chart is too near to apex of symmetrical triangle consolidation (Very Weak)

2. Break-up does not have volume to support it (Weak).

USD-JPY: 5 September 2013, Thursday, 8.47pm Singapore Time

USD-JPY: 5 September 2013, Thursday, 8.47pm Singapore Time

Established 6th and 7th Batch of  Shorts on USDJPY at ￥99.780 and ￥99.800
(Reverse Technical Analysis)

Maintains Target of ￥83.54
(Target profit of more than 1500 pips per contract)

I am buying Japanese Yen when everybody is shorting Japanese Yen
*Note: Buy JPY/USD = Short USD/JPY 

The world (foolish money) is shorting Japanese Yen on Japanese money printing. 
Technical Analysis Trainers, Professionals and Experts are all shorting Japanese Yen on Japanese money printing. Foolish money again.

Big Hands (smart money) are buying Japanese Yen like me (meaning short USD-JPY).

Refer to all USDJPY posts here:
http://donovan-ang.blogspot.sg/search/label/USD-JPY

Donovan Norfolk Ang

USD-JPY: 27 August 2013, Tuesday, 10.30pm Singapore Time

USD-JPY: 27 August 2013, Tuesday, 10.30pm Singapore Time

This was my previous post, however I will reiterate what I have to say:

Majority (more than 90%) of international market participants are long USD-JPY. 

They are all using logic to be bullish of this forex pair.

Longing USDJPY gives you a very COMFORTABLE FEELING because by logic this judgement is a sure winner. 

I had been SHORTING the USD-JPY giving a target of  ￥83.54

Shorting USDJPY gives you a very DISTASTEFUL FEELING because by logic this judgement is a sure loser. This is where I had come in previously. I am at the minority side.

It is very lonely a position but I am the minor 5% sitting on big profits right now.

As per warned, the herd are all on my opposite side longing USD-JPY (ie shorting Yen) on stale and outdated facts, which is essentially how Foolish Money behaves.

In summary, this is a saying by Donovan Norfolk Ang:

"Smart Money look forward; 

Foolish Money look at the tempting present and the rear mirror."

USD-JPY: 26 August 2013, Monday, 8.50pm Singapore Time

USD-JPY: 26 August 2013, Monday, 8.50pm Singapore Time

Established 5th Batch of  Shorts (Auto-triggered) on USDJPY at ￥98.39
(Reverse Technical Analysis)

Maintains Target of ￥83.54
(Target profit of more than 1500 pips per contract)

I am buying Japanese Yen when everybody is shorting Japanese Yen
*Note: Buy JPY/USD = Short USD/JPY 

The world (foolish money) is shorting Japanese Yen on Japanese money printing. 
Technical Analysis Trainers, Professionals and Experts are all shorting Japanese Yen on Japanese money printing. Foolish money again.

Big Hands (smart money) are buying Japanese Yen like me (meaning short USD-JPY).

Refer to all USDJPY posts here:
http://donovan-ang.blogspot.sg/search/label/USD-JPY

Donovan Norfolk Ang

USD-JPY: 26 August 2013, Monday, 7.40am Singapore Time

USD-JPY: 26 August 2013, Monday, 7.40am Singapore Time

Majority (more than 90%) of international market participants are long USD-JPY. 

They are all using logic to be bullish of this forex pair.

Longing USDJPY gives you a very COMFORTABLE FEELING because by logic this judgement is a sure winner. 

I am SHORT the USD-JPY giving a target of  ￥83.54

Shorting USDJPY gives you a very DISTASTEFUL FEELING because by logic this judgement is a sure loser. This is where I am in. To be at the minority side. 

The smart monies are unrolling, covering and buying back their last year's Yen shorts stealthily. They are getting shorts on USD-JPY (means buying Yen) while the herd are all on the opposite side longing USD-JPY (ie shorting Yen) on stale and outdated facts, which is how foolish money behave.

USD-JPY: 23 August 2013, Friday, 7.35pm Singapore Time

USD-JPY: 23 August 2013, Friday, 7.35pm Singapore Time

Established 4th Batch of  Shorts on USDJPY at ￥99.000
(Reverse Technical Analysis)

Maintains Target of ￥83.54
(Target profit of more than 1500 pips per contract)

(I am buying Japanese Yen when everybody is shorting Japanese Yen )
*Note: Buy JPY/USD = Short USD/JPY 

Refer to all USDJPY posts here:
http://donovan-ang.blogspot.sg/search/label/USD-JPY

Donovan Norfolk Ang

USD-JPY: 13 August 2013, Tuesday, 11.03pm Singapore Time

USD-JPY: 13 August 2013, Tuesday, 11.03pm Singapore Time

Established Last Batch of  Shorts on USDJPY at ￥98.185
(Reverse Technical Analysis)

(I am buying Japanese Yen when everybody is shorting Japanese Yen )
*Note: Buy JPY/USD = Short USD/JPY 

Refer to all USDJPY posts here:
http://donovan-ang.blogspot.sg/search/label/USD-JPY

Donovan Norfolk Ang

USD-JPY: 13 August 2013, Tuesday, 9.50pm Singapore Time

USD-JPY: 13 August 2013, Tuesday, 9.50pm Singapore Time

Established Another Batch of  Shorts on USDJPY at ￥98.220
(Reverse Technical Analysis)

(I am buying Japanese Yen when everybody is shorting Japanese Yen )
*Note: Buy JPY/USD = Short USD/JPY 

Refer to all USDJPY posts here:
http://donovan-ang.blogspot.sg/search/label/USD-JPY

Donovan Norfolk Ang

USD-JPY: 13 August 2013, Tuesday, 5.35pm Singapore Time

USD-JPY: 13 August 2013, Tuesday, 5.35pm Singapore Time

Established Large Shorts on USDJPY at ￥97.928

Refer to all USDJPY posts here:
http://donovan-ang.blogspot.sg/search/label/USD-JPY

Donovan Norfolk Ang

USD-JPY: 12 August 2013, Monday, 8.05am Singapore Time

USD-JPY: 12 August 2013, Monday, 8.05am Singapore Time

Attached is the chart of the USD/JPY. An up-move in the USD/JPY generally means appreciation of USD with respect to JPY, and a depreciation of JPY with respect to USD.

Japanese Yen will be undergoing shorts covering (i.e. USD/JPY is to come down due to this Shorts Covering). This will also serve as a violent flush out of Worldwide Japanese Yen Shorts who had shorted on the Abenomics news of 2013.

This move towards the Guaranteed ￥83.54-￥85.00 Price Satisfaction Zone (PSZ) in the forex market will go against all logic when Japanese Yen will be bullish despite the stale money-printing news fundamentals.

From current point to  Guaranteed ￥83.54-￥85.00 PSZ, all shorts on Japanese Yen will be tarred, charred, charcoal-ed, grilled, fried and vapourise with nasty losses. All longs (against logic) will enjoy more than +1000 pips of profits per contract/lot. 

During this correction down in the USD/JPY, Nikkei-225 will be bearish until the Guaranteed ￥83.54-￥85.00 PSZ Support is hit. 

Refer past Nikkei Analysis here:

http://donovan-ang.blogspot.sg/search/label/Nikkei

Donovan Norfolk Ang

USD-JPY: 17 September 2012, Monday, 7.37am

USD-JPY: 17 September 2012, Monday, 7.37am

In my previous preview on USDJPY, i mentioned of the possibility of Bank of Japan (BOJ) intervening the Yen FX markets. See link below.

http://www.forexmindgames.com/2012/08/week-33-13-17-aug-trade-previews-part-1.html

Thus far, nothing has happened yet. However, i believe the intervention is near. Remember that Central Bankers have political pressure to maintain the stability of their country's currency. Japan is a mainly export-oriented country. Think of Sony, Toyota, Toshiba, Honda, Nintendo, Yamaha, and the likes of many other Japanese conglomerates and it is not difficult to see how exports are important to the Japanese economy. Japan is a country which relies strongly on their exports, hence, they would often seek to keep their currency weak or at least maintain stability. When the Yen over-strengthens, government officials will voice their displeasures through the media. It is often a hint to currency speculators to get out of the turf. 

When the same rhetoric such as:

"Watch out and get out of the way!! I am going to do something soon!!" 

is repeated multiple times by the Japanese officials, the market has been fore-warned. We are the retail traders. We do not have the financial muscles to go against the markets. In the forex ocean, we are the shrimps, and we follow the whales. If BOJ does intervene, watch for a 200-300pips USD-JPY bullish spike in a single day.

Potential intervention zone is around 75.50-77.00. How to trade this intervention? Open a sub-account. Transfer a small amount of money to this sub-account. Highly important: you may need to hold this trade for weeks. So do ensure you have enough money in the sub-account to meet the weekend margin requirements. 

Place a limit buy order anywhere from 75.50-77.00
Stop loss below 75.00
Target profit 80.00

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The following quality article is contributed by FMG (Derrick) who is an active forex trader. He is also the webmaster of http://www.forexmindgames.com/ and his contribution is published as we both hold the same judgement and view on USDJPY.

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