0 pips today ..lol...what is the market waiting for ?

@Hisah, yah maybe thats what will play in USDJPY,

GOLD I have been Long for several weeks now, playing in bundles and bundles of pips, will hold it for some time tooo.

WATCHING, AUDUSD, AUDJPY, GBPUSD for possible LONGS

Trade update - closed all yen longs i.e. USDJPY @80 & GBPJPY @125.80 for a combined loss of $202 - the short term trades are not working as planned. That's $465 (including NZDJPY -243) loss in 4 days for standing infront of the bus. Really lucky GBPJPY (the beast) didnt rally big in the process.
@fxtech - I suggest closing ur GBPJPY since USDJPY is not going to correct. Rather consolidation is taking place to wind down (pause) the overbuying (oil did this in parabolic 2008 before the nosedive - dont stand infront of the train!). The CoTs report shows a major short squeeze on the yen crosses is just beginning - yen longs still piling infront of the bus in disbelief of the squeeze!? I expect USDJPY to test 83 soon. EURJPY has reached objective above 107 - OCT 2011 highs. GBPJPY should also zoom above 127. For now USDJPY, AUDJPY, CHFJPY & EURJPY (as long as EURUSD is above 1.3320) should go parabolic before topping out. We all know how it is when parabolic moves top out... So if going short yen, keep your stops accordingly while riding the parabolic. As well as keep an eye on oil which also is likely to go parabolic! Gold/silver are just catching up, looking to add more long positions esp on silver.

I'm still amazed at how the US markets & commodities esp oil are sooo stretched i.e. overbought for long periods and defying gravity (correction). Global GDP is in slowdown, but market are doing the opposite esp oil! When reality checks in, the selloff will not be funny.

This also says something abt the yen losses.

http://www.treasury.gov/...leases/Pages/tg1430.aspx

Getting ready back here in asia for another madness week. EURUSD has already exploded past 1.33 to open up 1.35 - 1.36. USDJPY has gone parabolic to test 80 and now on course to test 83 and in the process pulling up all yen crosses. Yen longs got damaged as they got ran over by a train. The short squeeze continues... Oil and commodities having rallied more than 10% for 6 weeks and look more explosive than fx and I expect them to keep rallying as the CBs keep flooding money in fear of a Greek debt fallout.

The volatility will be wild for some weeks and sticking to the trading rules and plans is highly advised if one's account is to survive the choppiness that Mr Market is about to unleash. Small accounts ($3000 and below) will be easily put on margin calls! Caution.

A new week with interesting movements already,

IDEA:

Watch EURJPY, AUDJPY & GBPJPY to move lower as the week starts, but will be watching for buy signals esp on EURJPY & AUDJPY,

CURRENT prices on above pairs good for aggressive shorts but not very advisable.

GOLD, still holds BULLISH, will be looking to add on H4 setups.

EURAUD & EURCAD BULLISH will be looking for high probability setups on D1 & H4 to get LONG

As expected EURJPY, AUDJPY & GBPJPY Shorts in play, we expect further fall either way.

AUDUSD & NZDUSD high probability to trade BULLISH in the coming sessions, though it looks like a tougher call thanks to very strong resistances on both pairs,but we will be looking for H4 setups to get LONG.