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USD/JPY Discussion

  • #2,721
  • Aug 14, 2007 11:38pm Aug 14, 2007 11:38pm
Quoting Trader KGB
Not sure if that sharp drop was all a reaction to this, another one bites the dust!

Aug. 15 (Bloomberg) -- Australia's Basis Capital Fund Management Ltd. said losses in one of its funds may exceed 80 percent as the rout in the U.S. subprime market prompted its creditors to force the sale of some assets.
I see 88.00 in AUD/JPY I told people this before, the NZD and AUD are getting slaughtered, along with GBP/JPY I can't imagine any longs holding vast unless they've been long since the 90s.
Patience + Humility + Study = Success
  • #2,722
  • Aug 14, 2007 11:39pm Aug 14, 2007 11:39pm
What we are going through right now is the retrace off the Weekly S1 and it just might turn for the trip back. But be patient because this may take awhile.
The Dove - Forex Trainer
  • #2,723
  • Aug 14, 2007 11:53pm Aug 14, 2007 11:53pm
This meltdown is turning out to be bigger than the one in March and there is still bad news out on the horizon.
  • #2,724
  • Aug 14, 2007 11:54pm Aug 14, 2007 11:54pm
Quoting southernmind
This meltdown is turning out to be bigger than the one in March and there is still bad news out on the horizon.
Yep
Patience + Humility + Study = Success
  • #2,725
  • Aug 14, 2007 11:56pm Aug 14, 2007 11:56pm
Quoting dove_alliance
What we are going through right now is the retrace off the Weekly S1 and it just might turn for the trip back. But be patient because this may take awhile.
I believe it will turn back up, but I'll wait for confirmation
Trade what you see, not what you think.
  • #2,726
  • Aug 14, 2007 11:58pm Aug 14, 2007 11:58pm
Hello every one, Hi Mr. Dove how are you today, Mr. Dove, my expirience, short and inconclusive, have been that when EUR and GBP goes down, JPY and CHF goes up, can you please tell me why, if the EUR is being going down with the pound and the franc is going slightly up, the USD/JPY keep going down, even with the news report in favor of the USD today.
The Chonchy
  • #2,727
  • Aug 15, 2007 12:03am Aug 15, 2007 12:03am
Scalping for pips is so much fun.
  • #2,728
  • Aug 15, 2007 12:07am Aug 15, 2007 12:07am
Quoting DutchTrader
Yep, and I haven't heard the end of that LOL, but I'm happy for him, plus now all drinks/dinners are on him. HAHAHA
just went long aj 3x my usual lots @ 9690.

goal after goal, pips after pips, profit after profits.

bravado.
a pro.
BAM BAM BOOM! -bravado
  • #2,729
  • Aug 15, 2007 12:09am Aug 15, 2007 12:09am
Get back with you guys later...... Picking cherry's right now.
The Dove - Forex Trainer
  • #2,730
  • Aug 15, 2007 12:10am Aug 15, 2007 12:10am
Quoting bravado
just went long aj 3x my usual lots @ 9690.

goal after goal, pips after pips, profit after profits.

bravado.
a pro.
if that is aud/yen I'd say good call...
  • #2,731
  • Aug 15, 2007 12:11am Aug 15, 2007 12:11am
Quoting bravado
just went long aj 3x my usual lots @ 9690.

goal after goal, pips after pips, profit after profits.

bravado.
a pro.
smart people make money good call
Trade what you see, not what you think.
  • #2,732
  • Aug 15, 2007 12:16am Aug 15, 2007 12:16am
For some strange reason price seems to want to go up. I'll keep an eye out for it to retest the 117.34 area (formerly support).
  • #2,733
  • Aug 15, 2007 12:19am Aug 15, 2007 12:19am
Quoting dove_alliance
Don't think this is over because of hitting the S1 we still have the weekly S1 to content with.... At the 14

Dove - was wondering - do you still keep previous pivot points on your charts besides the Weekly Central and the Weekly Pivot?
Primum quærite regnum Dei, et ómnia adjiciéntur vobis, dicit Dóminus.
  • #2,734
  • Aug 15, 2007 12:24am Aug 15, 2007 12:24am
I’m Back – There are many variables in using pivots and on different charts…. I was on my 3 minute scalping the pips between the 45 and 35….. After the retrace the drive started at the 117.31…. At the S1 (117.23) I place an entry and at the 116.94 it started a retrace after busting my Bollinger Band and close that trade at the 97….. This is where I was focus watching where the new 3 minute candle will pop in and did so at the 117.00….. This is the pivot for the retraces back to the S1….. With this kind of drive it will bounce between those two pivots, the 117.23 and the 117.00 as many as 3-4 times….. That was I was doing….. Picking those cherries…..

Right now we are in consolidation for a return trip….. And it may take awhile…..
The Dove - Forex Trainer
  • #2,735
  • Aug 15, 2007 12:25am Aug 15, 2007 12:25am
Quoting kreeper_6
if that is aud/yen I'd say good call...
Quoting karmostaji
smart people make money good call
ok.

just tightened my stop loss.
BAM BAM BOOM! -bravado
  • #2,736
  • Aug 15, 2007 12:30am Aug 15, 2007 12:30am
Quoting dove_alliance
I’m Back – There are many variables in using pivots and on different charts…. I was on my 3 minute scalping the pips between the 45 and 35….. After the retrace the drive started at the 117.31…. At the S1 (117.23) I place an entry and at the 116.94 it started a retrace after busting my Bollinger Band and close that trade at the 97….. This is where I was focus watching where the new 3 minute candle will pop in and did so at the 117.00….. This is the pivot for the retraces back to the S1….. With this kind of drive it will bounce between those two pivots, the 117.23 and the 117.00 as many as 3-4 times….. That was I was doing….. Picking those cherries…..

Right now we are in consolidation for a return trip….. And it may take awhile…..
Hello Sir,

is there any chance that here is the end of carry trade ?
Yen seems strengthen a lot...

Thanks
  • #2,737
  • Aug 15, 2007 12:30am Aug 15, 2007 12:30am
Quoting bravado
ok.

just tightened my stop loss.
Interesting call, Bravado
Patience + Humility + Study = Success
  • #2,738
  • Aug 15, 2007 12:38am Aug 15, 2007 12:38am
Quoting DutchTrader
Interesting call, Bravado
i am always right.

even the market can't prove me wrong. my stoploss will shut it clean before IT can even speak.
you'll never find me saying "of course i could be wrong" or "it could go the other way" or "market is unpredictable" or you get the idea.

why would i trade if i had doubt.

this is MY trade.

bravado.
a pro.
BAM BAM BOOM! -bravado
  • #2,739
  • Aug 15, 2007 12:39am Aug 15, 2007 12:39am
Quoting Ryurina
Hello Sir,

is there any chance that here is the end of carry trade ?
Yen seems strengthen a lot...

Thanks
Will someone answer that for him.... I am really tire - smiling.
The Dove - Forex Trainer
  • #2,740
  • Aug 15, 2007 12:41am Aug 15, 2007 12:41am
Quoting bravado
i am always right.

even the market can't prove me wrong. my stoploss will shut it clean before IT can even speak.
you'll never find me saying "of course i could be wrong" or "it could go the other way" or "market is unpredictable" or you get the idea.

why would i trade if i had doubt.

this is MY trade.

bravado.
a pro.
I love your attitude
Trade what you see, not what you think.
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