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USD/JPY Discussion

  • #3,261
  • Aug 16, 2007 11:29pm Aug 16, 2007 11:29pm
Got 40 - 45 pips on that last 15min candle goning up and down
  • #3,262
  • Aug 16, 2007 11:30pm Aug 16, 2007 11:30pm
Quoting Firstboss
Funny, "the moral police" of the USA outlawed online gambling, but this week on Forex is perfectly legal. Nice slide. Double or nothing on the red again?
Yes sir, would you like a complimentary cocktail from one of our fine hostesses?
Patience + Humility + Study = Success
  • #3,263
  • Aug 16, 2007 11:32pm Aug 16, 2007 11:32pm
For those scoring at home, the A/J has dropped 2000 pips, the G/J 2800 pips, the N/J 2200 and the C/J 1300 by comparison the U/J is downright tame at 1100
Patience + Humility + Study = Success
  • #3,264
  • Aug 16, 2007 11:32pm Aug 16, 2007 11:32pm
Quoting DutchTrader
Yes sir, would you like a complimentary cocktail from one of our fine hostesses?
That cheap British whiskey, please :-)
"Luxury is one of the basic needs", (c), Don Corleone
  • #3,265
  • Aug 16, 2007 11:36pm Aug 16, 2007 11:36pm
Just about back to where we were 1:00 this afternoon.
The Dove - Forex Trainer
  • #3,266
  • Aug 16, 2007 11:36pm Aug 16, 2007 11:36pm
Quoting DutchTrader
For those scoring at home, the A/J has dropped 2000 pips, the G/J 2800 pips, the N/J 2200 and the C/J 1300 by comparison the U/J is downright tame at 1100
Bank of Australia promised to intervene today, and they've been trying hard to keep AUD afloat since then. Even with that help it's going down... Can't believe we'll be bying everything with such unrealistic discount
"Luxury is one of the basic needs", (c), Don Corleone
  • #3,267
  • Aug 16, 2007 11:37pm Aug 16, 2007 11:37pm
Quoting dove_alliance
Just about back to where we were 1:00 this afternoon.
Exactly, so now we wait for London
Patience + Humility + Study = Success
  • #3,268
  • Aug 16, 2007 11:38pm Aug 16, 2007 11:38pm
There had to have been a boatload of orders down around 112.10 for that retracement to move so far so fast.
  • #3,269
  • Aug 16, 2007 11:38pm Aug 16, 2007 11:38pm
felt good today. scalp up and down on m1 charts, ended up with 300 pips. sweet. time to sleep! :0
  • #3,270
  • Aug 16, 2007 11:38pm Aug 16, 2007 11:38pm
What if....we never get a chance to go long? What if the downtrend stays on track..FOREVER?
  • #3,271
  • Aug 16, 2007 11:39pm Aug 16, 2007 11:39pm
Quoting southernmind
There had to have been a boatload of orders down around 112.10 for that retracement to move so far so fast.
Yea..that was pretty incredible. 112 seems to be a HUGE support that needs to be broken. If we break it then I doubt much is going to stand in our way to 109.
  • #3,272
  • Aug 16, 2007 11:40pm Aug 16, 2007 11:40pm
Quoting s3padrian
What if....we never get a chance to go long? What if the downtrend stays on track..FOREVER?

That will happen when the USA defaults on its debt. In a few years...
"Luxury is one of the basic needs", (c), Don Corleone
  • #3,273
  • Aug 16, 2007 11:40pm Aug 16, 2007 11:40pm
Quoting s3padrian
What if....we never get a chance to go long? What if the downtrend stays on track..FOREVER?
s3padrian, BoJ on line #1!!!
Patience + Humility + Study = Success
  • #3,274
  • Aug 16, 2007 11:40pm Aug 16, 2007 11:40pm
Quoting s3padrian
What if....we never get a chance to go long? What if the downtrend stays on track..FOREVER?
Then there would be no more Yen to trade..... We would be out of business.
The Dove - Forex Trainer
  • #3,275
  • Aug 16, 2007 11:45pm Aug 16, 2007 11:45pm
There's always a trade, unless you're a one trick pony. Evolve, or die.
Patience + Humility + Study = Success
  • #3,276
  • Aug 16, 2007 11:48pm Aug 16, 2007 11:48pm
Quoting DutchTrader
s3padrian, BoJ on line #1!!!
Depends on how fast we get to 109....if we reach 109 before BoJ then I think we'll be going up from there. I don't know how long though. 109 should end the first correction....wave B should bring us up back into the 120-4...just to have wave C bring us back close to 110-109. From there..I don't know. Hopefully I'll be wealthy enough to live in the country who's economy is doing well

lmao
  • #3,277
  • Aug 16, 2007 11:49pm Aug 16, 2007 11:49pm
I can definitely see 110.00 for $/yen and 220.00 for pound/yen.
  • #3,278
  • Aug 16, 2007 11:51pm Aug 16, 2007 11:51pm
BoJ likes to keep their currency above 110, we know that. Now they're an export economy so they won't raise next week. Carry Grant returns.
Patience + Humility + Study = Success
  • #3,279
  • Aug 16, 2007 11:52pm Aug 16, 2007 11:52pm
I'm up almost 500% on my account for the week!
  • #3,280
  • Aug 16, 2007 11:54pm Aug 16, 2007 11:54pm
the Yen anti-up another penny..... $0.89
The Dove - Forex Trainer
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