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bo7a method... method for GBP/JPY 202 replies

Seeing Through the Silent Crash 4 replies

Silent Service Method

Quoting clockwork71
The USD/JPY pair fell through the 80 handle, but we still have the 200 day EMA in the way of the sellers. This EMA is a major one that a lot of trend traders and black box systems pay attention to. It is only because of this that I bring it up.

If the pair falls, I am moving on. I am not interested in shorting under any circumstances, save the Bank of Japan giving up publicly.

I agree,waiting for a daily close above 81.17 and PA to set-up above this......

BOJ intervention due...........? My guess is UJ will probably "pop" the 79.63 barrier for stops before intervening...?



Ja
Memories caught in time but never forgotten
I believe the jobs number could be the catalyst to see this pair higher.....if it is a good announcement that is. If not.....BoJ will probably have to get involved in the near future.
Currently on the mind......shorting AUD/USD.

Check out the daily chart, and then the hourly......the hourly has filled the gap, and we could see weakness here. I sometimes talk about using the shorter time frame charts for entries, based upon longer term ones for direction. This could be an example of that if we fall a little bit.
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Quoting clockwork71
Currently on the mind......shorting AUD/USD.

Check out the daily chart, and then the hourly......the hourly has filled the gap, and we could see weakness here. I sometimes talk about using the shorter time frame charts for entries, based upon longer term ones for direction. This could be an example of that if we fall a little bit.
Looks like it popped a little higher but I see 2 nice bearish 4H bars now testing and rejecting the 1.02 level (1.0225).
Have been bearish the AUD for some time now and this looks like another opportunity to 'cautiously' add.
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Quoting mypipbull
Looks like it popped a little higher but I see 2 nice bearish 4H bars now testing and rejecting the 1.02 level (1.0225).
Have been bearish the AUD for some time now and this looks like another opportunity to 'cautiously' add.
Yeah.....I think given enough time, we will be sub-parity again. I don't think meltdown, just that the Aussie is overvalued.
Gee......it's like all of the sudden, people heard there is trouble in Europe.

Traders kill me. The obvious observation is always the last one.
Quoting clockwork71
Gee......it's like all of the sudden, people heard there is trouble in Europe.

Traders kill me. The obvious observation is always the last one.
What?! Trouble? What are you talking about? I haven't heard a thing. Well, surely Greece is safe at least on the outskirts of Europe? I sure hope so as I just today invested all my funds in Greek Government Bonds.

Quoting clockwork71
Gee......it's like all of the sudden, people heard there is trouble in Europe.

Traders kill me. The obvious observation is always the last one.
I take that back - we've had a bounce from when I posted this. The Americans are buying Euros again. (The same brilliant minds that brought you the housing and financial crisis.)

The more I follow markets, the more I realize the "best and brightest" are fucking morons. Now that I know exactly how stupid most of these people are, I certainly feel better about economics.
Wow.....everything closed ugly today.
Opinions?

Gold and silver are entering big demand as well.
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Quoting Rk33333
Opinions?

Gold and silver are entering big demand as well.
I don't like this pair at the moment, because you have the EUR, which is so flawed it isn't even funny, and the Aussie which will fall on risk aversion. To be honest, I don't know if I would understand how it "should" move at this point???
brainless observation posted on the blog.
New video on the blog.
Interesting article:

http://www.bloomberg.com/news/2012-0...er-tigers.html
blog post...

By the way, I am now a "writer" at forexpros.com as of yesterday.
Quoting clockwork71
By the way, I am now a "writer" at forexpros.com as of yesterday.
Cool.....i guess they will have to take a photo of you in a suit and tie to put next to the articles.....enjoy.
another blog post
Looks like we are going to get some continuation in the Euro fall. I am watching the EUR/GBP pair at the moment as the GBP/USD is at the 1.60 support level, and if it pops a bit - this pair could fall nicely. You couldn't pay me to buy the Euro at the moment, and the idea of this pair falling makes sense. Also, the 0.80 handle has been broken and proved resistive......could be a worthwhile trade....
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The Pound is getting beat up......but I can't help but notice this 4 hour chart......it's showing a shooting star at the right place......so I will be watching for another short.
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Quite amazing watching everyone on CNBC make excuses for Facebook closing roughly unchanged. The only reason that FB is positive for the day is the fact that the underwriters are intervening at the $38 level......

Risk off.
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