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USD/JPY Discussion

  • #3,201
  • Aug 16, 2007 9:05pm Aug 16, 2007 9:05pm
Quoting southernmind
It's not retracing as soon as I thought it would at these levels. Hmmmm.....

Anyone know what the Japan stock market is doing?


Let's just say they're not rising
Patience + Humility + Study = Success
  • #3,202
  • Aug 16, 2007 9:06pm Aug 16, 2007 9:06pm
OK - going for the abundance for the night on this trip..... Open with my 30 at the 113.42 with a 150 lot.
The Dove - Forex Trainer
  • #3,203
  • Aug 16, 2007 9:07pm Aug 16, 2007 9:07pm
Quoting dove_alliance
OK - going for the abundance for the night on this trip..... Open with my 30 at the 113.42 with a 150 lot.
Aye Aye Captn, I've got the 2nd Lt. seat on this trip
Patience + Humility + Study = Success
  • #3,204
  • Aug 16, 2007 9:07pm Aug 16, 2007 9:07pm
Quoting southernmind
It's not retracing as soon as I thought it would at these levels. Hmmmm.....

Anyone know what the Japan stock market is doing?
Nikkei 225 down 376 points @ 15,772

courtesy of the bloomberg station :
  • #3,205
  • Aug 16, 2007 9:07pm Aug 16, 2007 9:07pm
Shorted at 113.44,...
  • #3,206
  • Aug 16, 2007 9:09pm Aug 16, 2007 9:09pm
150 lot Dove????

How much money do you need to safely trade a 150 lot? Whew
  • #3,207
  • Aug 16, 2007 9:09pm Aug 16, 2007 9:09pm
And now a message from our Sponsors, the BoJ:

Quote
The Bank of Japan is unlikely to sell the yen to ease the currency's appreciation, said Hiromichi Shirakawa, chief economist at Credit Suisse Group in Tokyo.
``So far this isn't the disorderly unwinding of the carry trade the Bank of Japan has been worried about,'' Shirakawa said. ``The Ministry of Finance will take a wait-and-see stance unless the yen goes through 110'' against the dollar, he said.
Japan hasn't entered the currency market since March 2004. The Bank of Japan sold 14.8 trillion yen ($130 billion) from January through March 2004, following record sales of 20.4 trillion yen in 2003, to curb yen strength. The finance ministry manages Japan's exchange-rate policy.

http://www.bloomberg.com/apps/news?p...17Y&refer=home
Patience + Humility + Study = Success
  • #3,208
  • Aug 16, 2007 9:10pm Aug 16, 2007 9:10pm
Quoting s3padrian
150 lot Dove????

How much money do you need to safely trade a 150 lot? Whew
Roughly 15k on my platform, about 1k per lot for usd/jpy leverage. Each pair is different. To trade EUR pairs about 1,300 for GBP pairs around 2,000 per lot assuming you have 100:1 leverage
Patience + Humility + Study = Success
  • #3,209
  • Aug 16, 2007 9:10pm Aug 16, 2007 9:10pm
Quoting boris200
Buy usd/jpy tp 125.50
Wow, the forum must of lagged 3 months before letting you post. Must be why you only have 2 posts..
  • #3,210
  • Aug 16, 2007 9:10pm Aug 16, 2007 9:10pm
Quoting s3padrian
150 lot Dove????

How much money do you need to safely trade a 150 lot? Whew

thats 1.3k a pip
  • #3,211
  • Aug 16, 2007 9:10pm Aug 16, 2007 9:10pm
Got about 10 more minutes on this candle yet and then take profit.
The Dove - Forex Trainer
  • #3,212
  • Aug 16, 2007 9:11pm Aug 16, 2007 9:11pm
Shorted too.. Resistence is futile..
Wanna make back on some wasted pips...
Chances favour the prepared.
  • #3,213
  • Aug 16, 2007 9:12pm Aug 16, 2007 9:12pm
Quoting leachimeewg
thats 1.3k a pip
If you have 150 lots that is, I thought he meant 150 per pip
Patience + Humility + Study = Success
  • #3,214
  • Aug 16, 2007 9:13pm Aug 16, 2007 9:13pm
Quoting DutchTrader
And now a message from our Sponsors, the BoJ:

http://www.bloomberg.com/apps/news?p...17Y&refer=home
lol.. so i guess we can take our foot off the pedal and place TP positions at USDJPY110



and long from there.. wahahah..
  • #3,215
  • Aug 16, 2007 9:14pm Aug 16, 2007 9:14pm
to much retrace so took 12 at 150 lots.
The Dove - Forex Trainer
  • #3,216
  • Aug 16, 2007 9:14pm Aug 16, 2007 9:14pm
Quoting DutchTrader
If you have 150 lots that is, I thought he meant 150 per pip
i thought he meant he was gonna trade a whopping 150 lots..
  • #3,217
  • Aug 16, 2007 9:15pm Aug 16, 2007 9:15pm
Quoting leachimeewg
i thought he meant he was gonna trade a whopping 150 lots..
Could be, the man knows what he's doing so he very well could.

Dove,

I don't like the action, seems rather sideways don't you think?
Patience + Humility + Study = Success
  • #3,218
  • Aug 16, 2007 9:16pm Aug 16, 2007 9:16pm
I think we are close to the bottom. I have made lots of pips across $ pairs but I'm thinking we are close to the bottom. I'll be watching the market for some strength and be placing buys all the way back up. Be ready I keep hearing that the big boys are waiting for the dust to settle and pour it on. Everyone still thinks the $ is very weak. But what do I know.Next
  • #3,219
  • Aug 16, 2007 9:17pm Aug 16, 2007 9:17pm
That move... hmmm...
Bailed out.... too
Chances favour the prepared.
  • #3,220
  • Aug 16, 2007 9:18pm Aug 16, 2007 9:18pm
Quoting Alabama
I think we are close to the bottom. I have made lots of pips across $ pairs but I'm thinking we are close to the bottom. I'll be watching the market for some strength and be placing buys all the way back up. Be ready I keep hearing that the big boys are waiting for the dust to settle and pour it on. Everyone still thinks the $ is very weak. But what do I know.Next
Could be, could be. I've got a bottom around 109ish but with the JPY you never hit the exact retrace target because they Japanese are notorious dip buyers. Particularly in the high yielders, namely aud/nzd/gbp. So we shall see.
Patience + Humility + Study = Success
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