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USD/JPY Discussion 7 replies

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long eur/jpy, gbp/jpy, usd/jpy 11 replies

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Attachments: USD/JPY Discussion
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USD/JPY Discussion

Quoting cchin
Yes, it was intervention by the BOJ. We saw about 550 points move today. I believe our members would want make sure I'm alright, and yes, I am. I have closed all my 8 short positions on the USD/JPY pair, when price hit 146.90. All 7 out of 8 trades are in profit. The last trade incurred a very small loss of 3 pips. I'm now out of this pair entirely. Thank you BOJ. {image}
very nice
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
{quote} very nice
just finished?
Quoting cchin
Yes, it was intervention by the BOJ. We saw about 550 points move today. I believe our members would want make sure I'm alright, and yes, I am. I have closed all my 8 short positions on the USD/JPY pair, when price hit 146.90. All 7 out of 8 trades are in profit. The last trade incurred a very small loss of 3 pips. I'm now out of this pair entirely. Thank you BOJ. {image}
Nice. I am not sure I will join this pair anytime soon.

I may toe your lane.

Meanwhile, I think my revenge on GBP/USD started today. I'm in good profit already but not yet comfortable one. This pair gulped over $1600 from me and in anger I want to recover!!!
Quoting cchin
Yes, it was intervention by the BOJ. We saw about 550 points move today. I believe our members would want make sure I'm alright, and yes, I am. I have closed all my 8 short positions on the USD/JPY pair, when price hit 146.90. All 7 out of 8 trades are in profit. The last trade incurred a very small loss of 3 pips. I'm now out of this pair entirely. Thank you BOJ. {image}
Very good cchin, some people kept saying all BOJ do is talk , i reckon that of today a big talk, and only traders like you who has ability to question if a Schrodinger cat is even a cat , get a bite.
With regards
I live in the future
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 749 Posts
Quoting cchin
Yes, it was intervention by the BOJ. We saw about 550 points move today. I believe our members would want make sure I'm alright, and yes, I am. I have closed all my 8 short positions on the USD/JPY pair, when price hit 146.90. All 7 out of 8 trades are in profit. The last trade incurred a very small loss of 3 pips. I'm now out of this pair entirely. Thank you BOJ. {image}
That's impressive you stuck with it so long. Good job. It looks like you didn't fire a bullet after 150 - any particular reason? Like I said, good job..I know my personality wouldn't be able to do this lol.
"Wishful thinking dies hard." Igor T.
Does anyone have proof of this intervention? No one else finds it odd that UJ ripped down at 10:30... right after the US Federal budget balance? Please... if you have a link.. share it. Great day though. The rip up right before the news telegraphed the move down. 147 held maintaining the bullish bias on the higher time frames. For bias to change two of the previous lower highs have to be broken. Reuters is reporting a fear of a possible BOJ intervention over the weekend. When/If it doesn't come... back to those highs we go IMO. 150.5 may provide some resistance. If it holds back down, but 154.8 if it doesn't. Clearing 151 again will excite bulls towards the next round number 155. I don't think it will cross this one though. Third time the charm....

Have a great weekend all.
When you feel like you HAVE to trade is when you least should!
Quoting mtako
{quote}{quote}{quote}{quote}My shared 137.7 long was closed today +1280 pips. Buying again if gets back >148.2, buy stop 148.22. Other longs will need to wait for any new updates because of today. Next wednesday probably could update SLs. Hope everyone is ok. As you all know, risk management is a must at all time if one must thrive and survive on the long-term, even for the occasional black swan ! Take care and happy Friday and Weekend ! {image}
Wow... that's some sexy buying... Great job! I took it in bits and as a result didn't get as many pips... When I grow up I wanna be just like you.
When you feel like you HAVE to trade is when you least should!
Quoting pgidia
Many account wiped off
Yes, but also saved many an gambler's account. Give and take.. the way of the trade.
When you feel like you HAVE to trade is when you least should!
Quoting Vincent1
{quote} New target around 126/123 now
I agree with felps We aren't ready yet. In time.
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
Does anyone have proof of this intervention? No one else finds it odd that UJ ripped down at 10:30... right after the US Federal budget balance? Please... if you have a link.. share it. Great day though. The rip up right before the news telegraphed the move down. 147 held maintaining the bullish bias on the higher time frames. For bias to change two of the previous lower highs have to be broken. Reuters is reporting a fear of a possible BOJ intervention over the weekend. When/If it doesn't come... back to those highs we go IMO. 150.5 may provide...
the government of Japan doesn’t have to publish if they are going to intervene

traders can suspect intervention, but the Japanese government doesn’t have to clarify what they are doing

https://www.reuters.com/business/fin...ly-2022-10-21/

https://www-nikkei-com.translate.goo..._x_tr_pto=wapp
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
{quote} the government of Japan doesn’t have to publish if they are going to intervene traders can suspect intervention, but the Japanese government doesn’t have to clarify what they are doing https://www.reuters.com/business/fin...ly-2022-10-21/ https://www-nikkei-com.translate.goo..._x_tr_pto=wapp

Thanks Goose. I hate guessing games.
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
Does anyone have proof of this intervention? No one else finds it odd that UJ ripped down at 10:30... right after the US Federal budget balance? Please... if you have a link.. share it. Great day though. The rip up right before the news telegraphed the move down. 147 held maintaining the bullish bias on the higher time frames. For bias to change two of the previous lower highs have to be broken. Reuters is reporting a fear of a possible BOJ intervention over the weekend. When/If it doesn't come... back to those highs we go IMO. 150.5 may provide...
Was more a bubble burst, everyone got enough of waiting, were keep taking price to higher level.
Made to 32 year high - 152, then dropped to circa 146.
Made a few hundred pips too.
Here are some headlines:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20221021-231919.png Size: 135 KB

Not sure really if this was consequence of the or orchestrated move by BoJ, they had urgency to safe yen.
BOJ admits it was their operation.

https://news.yahoo.co.jp/articles/7f...9fba8d43d43afa
Quoting Forexgogo
BOJ admits it was their operation. https://news.yahoo.co.jp/articles/7f...9fba8d43d43afa
Yeah, no doubt only boj can bring these big candles, as they have 2 largestreserves https://www.investopedia.com/article...x-reserves.asp
Blank and Empty
Quoting Forexgogo
BOJ admits it was their operation. https://news.yahoo.co.jp/articles/7f...9fba8d43d43afa
Can you please share text?
From April Yahoo Japan can not be accessed in EU.
Quoting Jolita
{quote} Was more a bubble burst, everyone got enough of waiting, were keep taking price to higher level. Made to 32 year high - 152, then dropped to circa 146. Made a few hundred pips too. Here are some headlines: {image} Not sure really if this was consequence of the or orchestrated move by BoJ, they had urgency to safe yen.

Thank you guys! I gave up news blurps after Trump... I couldn't take it anymore. This is good. If history repeats we will retest the high.
When you feel like you HAVE to trade is when you least should!
Monday will be wild with the flash PMIs
Not afraid to be wrong, ik what am goin' to lose!
Quoting Jolita
{quote} Can you please share text? From April Yahoo Japan can not be accessed in EU.
try this. hope google can translate the text.

https://newsdig.tbs.co.jp/articles/-/185194?display=1
Quoting Forexgogo
{quote} try this. hope google can translate the text. https://newsdig.tbs.co.jp/articles/-/185194?display=1

It did translate.
Thank you so much!
Quoting cchin
Yes, it was intervention by the BOJ. We saw about 550 points move today. I believe our members would want make sure I'm alright, and yes, I am. I have closed all my 8 short positions on the USD/JPY pair, when price hit 146.90. All 7 out of 8 trades are in profit. The last trade incurred a very small loss of 3 pips. I'm now out of this pair entirely. Thank you BOJ. {image}
Why did you close the positions?
Don't you believe a bearish trend in this pair?
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