Looking interesting here. Beginning to gain levels on the daily.Looking interesting here. This is starting to smell like a bottom, since it gained that swing on the daily. For you pattern traders, a diamond reversal is in play. Risk/Reward here is pretty decent WITH STOPS at the low.Longby MicDrop5110
Closed (Margin): FXY December 2 x 67/72 Zebra... for a .20 credit. Comments: This is about as "it didn't work out" as it gets ... . Paid a 9.85 debit to get in; .20 debit to close; 9.65 ($965) loser.by NaughtyPines0
Trade Idea: FXY December 16th 2 x 67/December 16th 72 Call RatioWith the yen at multi-year lows, looking to take a bullish assumption directional shot with plenty of time to work out in the Yen proxy, FXY. The basic setup is to buy 2 x the 75 delta strikes and sell the 50's, resulting in a ~100 net delta long setup with a hypothetically infinite maximum profit. Currently, the setup is pricing out at 9.90 with a 71.95 break even, which is slightly above where the underlying is trading pre-market. Will post if I get filled.Longby NaughtyPinesUpdated 444
Yen ETF in bullish 3-step setup - BullishBoth top & bottom indicators (circled) near oversold area and moving up. Pitchfork shows Yen in value area low zone. Higher lows 3 times show stepUP pattern. Longby Nikk2253
$spy $fxy Only chart you need to watchIt appears that massive bets have been put in place that the $fxy will drop from here back into the consolidation wedge. A huge risk to market is that this doesn't happen. if Fxy breaks out, spy is in big trouble.by poppop62
FXY time for the yen to start shine again ? Looking for appreciation in the yen. Soon there could be a correction on the market. Nice technical setups. 200MA RSI oversold MACD showing lose of momentum. Good LuckLongby TG_Advisory3
How to manage a small portfolioWhen trading in a small account, it is very important to be efficient with the capital used. That is why, even though is not the optimal trade we are forced to trade using defined risk strategies like Iron Condors. This is the continuation of the portfolio started in our How to trade options series, where we start a portfolio from scratch. We started a $5,000 account and added 4 different trades. I closed 2 of those yesterday, open 2 new ones and defended one that was tested. The first management was closing trades with 3 weeks from the expiration date to reduce risk. We closed trades on QQQ and on XLU. Then we look for new trades and explained in the video how I chose the new trades and how to manage them. Also explained the impact of commissions when trading with a small account vs a bigger account and lastly we defended a trade that is going against us. Watch the video explanation for details: youtu.beby AlexanderGotay7
Closing out short on FXYStaying neutral after a few weeks in a swing short. PA above 10SMAby Dwayne_Kernahan4
LONG (yen)japanese Yen ETF seems to be finding support here. long over 87 $EWJ $JPNLLongby chaching233
$FXY More downside ahead?$FXY Topped on late March, marching lower since then. Rejected twice at the sma50 (dynamic resistance). Today it closed red. More downside ahead? Closing price: $86.02Shortby Edogawa89Updated 2
Long (FXY) opportunityThe USD has been challenging to trade in the recent global market environment Long-Run equilibrium exchange rates may be changing due to Central Banking policies & inflation Covered interest parity is being challenged with recent market events Being long the Japenese Yen Trust (FXY) offers significant upside via a bull call spread We have outlined trade which can be accessed on profile however a summary is provided 2 Month Call Skew is .97 standard deviations above 1 year mean 2 Month Volatility is .31 standard deviations below its 1 year mean FXY (The Yen) is moving on risk concerns but we believe expectations that the BOJ may finally taper their balance sheets after a long run of solid growth that will drive it further Interested in all thoughts & analysis on our idea.Longby Quantamize0
Long Japanese Yen Trust The USD has been challenging to trade in the recent global market environment Long-Run equilibrium exchange rates may be changing due to Central Banking policies & inflation Covered interest parity is being challenged with recent market events Being long the Japenese Yen Trust (FXY) offers significant upside via a bull call spread We have outlined trade which can be accessed on profile however a summary is provided 2 Month Call Skew is .97 standard deviations above 1 year mean 2 Month Volatility is .31 standard deviations below its 1 year mean FXY (The Yen) is moving on risk concerns but we believe expectations that the BOJ may finally taper their balance sheets after a long run of solid growth that will drive it further Interested in all thoughts & analysis on our idea.Longby Quantamize0
Rob Smith - smithintheblack - Quant Edge learning11/26/17 – November, outside month up, bullish month. Timeframe continuity to the upside. Outside month, week, and day up, we will see what new actionable signals December brings. There is no argument that the price is not moving up. A sustained December move above 86.38 is bullish to the top of the triangle with a target area of 89ish. Then we can potentially get into the 88, 89, 92, and 95 and 97ish areas.Longby ArtPeirce2
Yen is approaching resistance.The Yen is approaching horizontal resistance. And the RSI is close to oversold (above 70) territory, where it reversed in the past. Looking at USDJPY for long opportunities.by HaiGo7
JPN Trust short idea-rangeThe idea for my week- Monday, waiting for another rise in price and before failure. What are your thoughts ?by DelorenFX3
Wave Analysis of the Japanese Yen (FXY) If The Yen gets beyond 83.90, then this will confirm the beginning of a bear market for the USD as it did back in 2008 when the Yen rose; and it would justify the structure of this wave analysis. I am also taken into consideration that a strong Yen is bad for the Japanese economy and for the Nikkei, being that Japan is an export-based economy. This should, then, spill over into the markets as it is doing now with the Nikkei and the US stock market. Equities in the US stock market are adjusting to the foreseen rate hikes of the Fed. It is expected that the Fed will keep raising rates since they expect inflation to rise in 2016 for the US economy. This could be an opportunity to buy strong companies at discount prices. Well, I have to wait and see where the Yen and Nikkei goes from here along with other things.by RocketmanUpdated 335
Visual Clues of a New Bear Market Brewing AheadVisual signs of a new bear market brewing ahead is spilling over into Yen repatriation or safe haven flows. This may send the dollar down in the beginning as well, but the dollar is also a safe haven currency. Eventually, the US Dollar will rise also.... so the idea goes.by RocketmanUpdated 1