Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #4,741
- May 22, 2007 9:17am May 22, 2007 9:17am
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
- #4,742
- May 22, 2007 9:30am May 22, 2007 9:30am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #4,743
- May 22, 2007 9:53am May 22, 2007 9:53am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #4,744
- May 22, 2007 10:21am May 22, 2007 10:21am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
I wonder what it would take to stop the carry maybe an earthquake to swallow japan.
- #4,747
- May 22, 2007 11:14am May 22, 2007 11:14am
- Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts
"Millionaires don't use astrology, billionaires do"
- #4,748
- May 22, 2007 11:47am May 22, 2007 11:47am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #4,750
- May 22, 2007 3:04pm May 22, 2007 3:04pm
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #4,751
- May 22, 2007 3:38pm May 22, 2007 3:38pm
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
When you trade big lots, the chart is more attractive than your blondie.
PS: Resistance is exactly where I predicted again, you heretics. Where is your trend-god now? Your doubt shall send you to the lowest of hell pits! Come with me, I will hold your hand, let us read the stars...
..resistance or support?.. 239.8x? it was your prediction i guess at this very moment..
.. but thats stupid from me at all, you all guys n dolls are really good..nice trading big lots greeny, nice relaxing great times blondie
yeah, nice nice weather
- #4,754
- May 22, 2007 4:11pm May 22, 2007 4:11pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #4,755
- May 22, 2007 5:06pm May 22, 2007 5:06pm
240.23 now. stay off, buy dips, stay with the trend., don't worry, be happy.
We have a break from 240 consolidating here ahead of big time UK news. Other carriers making new highs as we speak.
- #4,756
- May 22, 2007 5:32pm May 22, 2007 5:32pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Absolutely cesarnc! This is our game bro maximize profits M looking forward for 242 sooner than later! Whohoooo! We're making lots of money! I love this pair!
This is what I've learned from trading yen pairs. If you get a nice dip, after rumors or CB talks (which happens EVERY WEEK) and you end up floating with positive pips in a day or two inline with the trend, you gotta sit and wait. The move is coming eventually... With the daily swap, profit taking out of nowehere is just not likely...
Market keeps the trades rolling as long as there is no reason to get out.
Last week I had no trades in GJ until the Friday's selloff, where I got the dips to dump them today at 240 area... Now back to the waiting game for the next window...
Still floating with EJ and UJ here, as the dreaded 164 / 122 barriers are yet to be traded. Let's see what happens tomorrow....
Cya
- #4,757
- May 22, 2007 7:07pm May 22, 2007 7:07pm
Price right now is at 240.10 and that seems like a good place to take a short seeming as how the 240 area is suppose to provide some kind or resistance. Coupled with the fact that this baby is suppose to fall like a rock...or maybe fly like a rocket, who knows what will happen. Ill go short with a tight SL and huge TP.
Of cos I would be glad to see another move Soros style, but the guy is old now and he mainly uses his money for charities, rather than helping us traders get a good short trade
We leave no soldier behind.
- #4,758
- May 22, 2007 8:08pm May 22, 2007 8:08pm
Awesome...
This is what I've learned from trading yen pairs. If you get a nice dip, after rumors or CB talks (which happens EVERY WEEK) and you end up floating with positive pips in a day or two inline with the trend, you gotta sit and wait. The move is coming eventually... With the daily swap, profit taking out of nowehere is just not likely...
Market keeps the trades rolling as long as there is no reason to get out.
Last week I had no trades in GJ until the Friday's selloff, where I got the dips to dump them today at 240 area... Now back to the waiting game for the next window...
Still floating with EJ and UJ here, as the dreaded 164 / 122 barriers are yet to be traded. Let's see what happens tomorrow....
Cya
IFR Forex Squawk box:
May 23. GBP/JPY looks to be consolidating gains above 240.00 seen overnight.
Early Asian trading saw the cross trade up marginally higher to the 240.25-30
level before backing off. Data from Quick Global Information yesterday showing a
large decrease in Japanese margin player GBP/JPY longs as of Monday looks to
have helped the market higher. A fall in longs suggests short-term players can
more easily buy anew. Expectations of more BoE interest rate hikes are also
helping to keep GBP in demand. A more clear picture of BoE intentions will be
garnered tonight when the MPC minutes for the May 9-10 meeting are released. The
market is eyeing an 8-1 vote for no change in policy against a 2-7 vote at the
previous meeting against a hike. GBP/JPY continues to see considerable headwind
on move higher from profit-takers. That said, technicals suggest a test of the
241.50 or so highs seen on January 23-24.
- #4,760
- May 23, 2007 5:53am May 23, 2007 5:53am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts