thread: Beyond the Daily Chart - Fundamental Trade / Carry Trade

On USDJPY

That Which we Understand

Recent Data Publish O Bullish OOO Bearish OOO Mix O 2.3.17 - NFP greater than expected however job; nonetheless the Labor Force Participation rate rose to 62.9 percent in January. In this case, NFP doesn't seem as impressive as it appeared to be on its initial release. O 2.3.17 - The Unemployment rate is on its 3rd consecutive increasing month. Dec. 4.6 percent, Jan. 4.7 percent and Nowadays Feb. 4.8% O 2.3.17 - The latest round of Hourly rate is also weakened. PPL is NOT getting a boost! Recent Risk Meter O O Bullish OOO Bearish OOO Mix O 2.3.17 Trump Global Risk - Trump trashed U.S.-Australia refugee deal. O 1.29.17 Trump Global Risk - Immigration ban O 1.26.17 Trump Global Risk - Trump suggested a 20 percent tax increase on Mexican exports to build the Mexican Wall O Trump Risk - Trump bubble / Trump trend was fading away from its summit in the 118.50 level as investors losing confidence in Trump adminiion. What is occurring right now O O Bullish OOO Bearish OOO Mixx O 2.3.17 After the NFP release, Fed remarks continue supporting the 3-hike policy in 2017. O Trump adminiion tips a low dollar that would help US's global trades. O Feb.. FOMC doesn't give any hint of March Hike. Possible no. Of hike in 2017 down to 2. Taking my guesses on what is expected to take place within the upcoming few days, This week is ending near the 112.50 level, and it appeared to me that bulls are shedding its potency. Should they need to fight back, they will need to get it done today as NFP still showing some indiion of power. It appeared to me that the day of breathing down the 112.00 level is numbered.

UJ drops 50 pips to 112.50 degree because getting a warning on N Korea with the atomic weapons.

The main reason I leave my brief profit on UJ for a small profit is since ADP from Wednesday revealed a huge spike in the upside which hints a better than anticipate NFP. A good NFP does no good to my brief UJ place, so they needed to be eliminated from my screen.

However I'll be looking out for downside surprise from the NFP release. Once we are below 112.00 level, it would open up a larger wound onto the Trump Bull's stomach.

So... make your daggers sharpened and be ready.

UJ has arrived at the 112.50 level.

On USDJPY

That Which we know, Trump Risk - Immigration ban Trump Risk - Mexican Wall Trump tendency has been fading away from its summit at the 118.50 level.
What's happening at this time, Trump adminiion hints a very low dollar which helps US import. Feb.. FOMC doesn't give any hint of March Hike. Possible no. Of increase in 2017 down to 2 from 3.
Taking my guesses, what's expected to take place within the next few times, NFP is expected in less than two days. If it comes out bad, we should see a dive blow off the 112.50 level. Increasing chance of possibility Trump would hammer powerful dollar as his second movement. 112.50 would be the last line of defence.

USDJPY makes the drive the 113.00 level. Are we paying a second trip down to 112.50 degree in the present Asian section?

Got it, I probably just have too narrow of an concept of fundamentals, always supposed fundamentals takes time to grow.

=-RRB-

very similar to specialized trading, when the technical justifiion is gone, you're exposed to unknown land, you need to get out. The principle applies in fundamental places. In fundamental trading, the reasoning is a lot different than specialized patterns, there are a lot of hidden consideration and risk (in most aspects) for you to value and revalue, and most significantly to wait (for your pieces to link together) before you set up your next trading egy for the next few days, weeks or months. Folks often have confused trading fundamentally bases on 1 or two pieces of (breaking) news, that is wrong in so many ways and hardly profitable in the long term.

Feel free to stay here and toss in your throughs later on, Gamertrader.

Got it, I probably just have too narrow of an notion of fundamentals, always assumed fundamentals requires time to grow.

1 Attachment(s) GBPNZD Update
Following 8 months rally, GBPNZD eventually went beyond its 2.1500 level after about 16 days battling the level.
Long-term bull trend is well intact, so much there is not any inverse sign finished yet.
https://www.cliqforex.com/trading-sy...c-systems.html

1 Attachment(s) As you may already notice this thread of mine has not been upgraded for over 4 weeks. The reason is I've retired from trading extended terms ( beyond the daily chart) because of change of my trading program. I am more focus on short term trades now since I see short term provides me greater expansion potential and suits me main setup.

For those who enjoyed trading long term beyond daily chart, I'd carry on update this thread for any possible chance for the upcoming week. Any intelligent debt is welcomed.

AUDUSD Update
Turned out USD NFP was better than anticipated last Friday, and it appeared like opportunity raised Fed might gives a rate raise in October.This latest job release sent USDJPY off it's 125.00 level that was the highest in 12 years; on the other hand AUDUSD is now back at its toes, 0.7600.

Is dependent upon how dollar does this week, 0.7600 are the level to watch.
https://www.cliqforex.com/general-fo...em-indior.html