Dislikedremember last month?? there was a leak 2 hours prior to the official release. things got pretty crazy, and i expect more of the same tonightIgnored
17:07 EST and Oanda won't let me close trades in profit 0 replies
Timezone and Sessions Indicators with auto-adjust EST/EDT? 2 replies
what time is the BOJ Rate Decision? 3 replies
What is BOJ's Fukui speaking on tonight? 4 replies
Dislikeddexis are you long yen? (ie short USDJPY?)
because even if there is a hike, dont expect the yen to strengthen. not saying it wont strengthen, im just saying its not quite that simple. the BOJ is highly unpredictable and so is the price action that surrounds their decisions. during G7 i made a nice nickle on the yen doing what the market considered the exact wrong play. and tonight i (along with many others) will be looking to again fade the general concensus.Ignored
DislikedI'll tell you guys what. The BoJ raises rates the yen falls. They don't raise rates (unlikely) the yen falls a whole lot further. Same thing happened last time. Going short yen before this report is pretty much a no brainer.Ignored
DislikedI'll tell you guys what. The BoJ raises rates the yen falls. They don't raise rates (unlikely) the yen falls a whole lot further. Same thing happened last time. Going short yen before this report is pretty much a no brainer.Ignored
Dislikeddexis are you long yen? (ie short USDJPY?)
because even if there is a hike, dont expect the yen to strengthen. not saying it wont strengthen, im just saying its not quite that simple. the BOJ is highly unpredictable and so is the price action that surrounds their decisions. during G7 i made a nice nickle on the yen doing what the market considered the exact wrong play. and tonight i (along with many others) will be looking to again fade the general concensus.Ignored
DislikedYour playing with fire establishing a position prior to the data. Even if you are right you will likely get a poor entry price. Normally stops are ran to the up and downside prior to the data. If the BOJ raises rates you can expect a pretty big wave of cross selling. I doubt anyone will fade this move prior to hearing Fuj. speak. If he is dovish then fine fade the move. If not then i would wait several days before considering a carry trade.
Nothing is a no brainer! Trying to predict the future from past events is always a dangerous endevor. No matter what your strategy I hope its profitable. Best of luck...
RoIgnored
Dislikedi think i am not gonna trade this, if i do it will only be in my account not my clients. i dont think its fair to GAMBLE with their money. since thats how i view this whole situation. i can just see it now, i place buy and sell orders 25-30 pips away from spot with stops behind both positions, and everything gets hit. why would i torture myself with this? ill take a wait and see attitude if anything since i dont want to give back the easy pips ive been making in GBP/USD lately. those japanese are tricky, folks. try to play poker with them. they rob you in that too.
no disrespect meant, this is actually a compliment just saying it's hard to get a read on them. which makes it difficult to plan for what they're gonna do, like in poker for example. just thought id put in that disclaimer merlin.Ignored
Dislikedwell wouldnt take this literally. because it does takes some brains to realize shorting yen is the play to make regardless of the decision. this could of course be absolutely wrong and the yen could skyrocket tonight, but the smart play, i believe, is short.Ignored
DislikedThe only thing to do in a situation like this is either sit back and watch or take a gamble. I dont have much to gamble, so i guess i will sit and watch.Ignored