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USD/JPY Discussion

  • #4,001
  • Aug 23, 2007 7:28am Aug 23, 2007 7:28am
Quoting dove_alliance
right now it is heading back to the R2 and as for going up.... That will depend on the announcement.
dove it is a good strategy to place an entry orde a few pips below and a few higher with the correspondent stops and limits
The Chonchy
  • #4,002
  • Aug 23, 2007 7:29am Aug 23, 2007 7:29am
Quoting DutchTrader
Why is that a problem? I'm confused
What traders do not understand is the balance of power within the monetary system...... The USD is fiat money with no value, in other words, there is no metal to back it. But the USD is the most used money in the world and the FEDS control that world wide and by using that control balances the spending of of all currencies in the world.

In short - The Yen has no power to control anything.
The Dove - Forex Trainer
  • #4,003
  • Aug 23, 2007 7:32am Aug 23, 2007 7:32am
Quoting dove_alliance
What traders do not understand is the balance of power within the monetary system...... The USD is fiat money with no value, in other words, there is no metal to back it. But the USD is the most used money in the world and the FEDS control that world wide and by using that control balances the spending of of all currencies in the world.
Oh I know that, I just don't see that as a problem. By the way the Feds don't control it worldwide, the Chinese and the Japanese own more of our currency than anyone else so they excercise a nice bit of control as well.
Patience + Humility + Study = Success
  • #4,004
  • Aug 23, 2007 7:34am Aug 23, 2007 7:34am
Just like right now..... The announcement favored the dollar and look which way it is going.
The Dove - Forex Trainer
  • #4,005
  • Aug 23, 2007 7:35am Aug 23, 2007 7:35am
Quoting dove_alliance
Just like right now..... The announcement favored the dollar and look which way it is going.
There's too much transparency in forex, this ain't equities. Everyone knows who's holding what, when and where. Which is why if you're on the wrong side of a big trade other traders put the knife to your throat.
Patience + Humility + Study = Success
  • #4,006
  • Aug 23, 2007 7:38am Aug 23, 2007 7:38am
Quoting DutchTrader
Oh I know that, I just don't see that as a problem. By the way the Feds don't control it worldwide, the Chinese and the Japanese own more of our currency than anyone else so they excercise a nice bit of control as well.
Well, that is debatable because if Asia owns most of the USD then they have something that has no value. That doesn't make since. Remember - The dollar has no value except for the price of printing which is about $0.04 per bill. may it be $1.00 or $1,000.00
The Dove - Forex Trainer
  • #4,007
  • Aug 23, 2007 7:41am Aug 23, 2007 7:41am
That was a nice little ride down to there.
The Dove - Forex Trainer
  • #4,008
  • Aug 23, 2007 7:44am Aug 23, 2007 7:44am
one question please, before the anauncement the previus was 322K and now the change it to 324K could some explaim me this, thanks in advance, god bless.
The Chonchy
  • #4,009
  • Aug 23, 2007 7:44am Aug 23, 2007 7:44am
Hmm..It won't break this pivot...
  • #4,010
  • Aug 23, 2007 7:47am Aug 23, 2007 7:47am
Quoting DutchTrader
There's too much transparency in forex, this ain't equities. Everyone knows who's holding what, when and where. Which is why if you're on the wrong side of a big trade other traders put the knife to your throat.
What they have and we don't; is the order for each bank trader that will trade during his/her secession. When each traders sits at there computer that trades for the banks already knows when, how much, and direction of each trade they will place during that secession.

Now, that is what I call a winner.
The Dove - Forex Trainer
  • #4,011
  • Aug 23, 2007 7:49am Aug 23, 2007 7:49am
Quoting dove_alliance
Well, that is debatable because if Asia owns most of the USD then they have something that has no value. That doesn't make since. Remember - The dollar has no value except for the price of printing which is about $0.04 per bill. may it be $1.00 or $1,000.00
You're stating something different than what I said, I said that since the Asians own more of our currency than anyone else, meaning aside from the US, they have a vested interest in keeping the rate at a reasonably high level as compared to their own currency. Which is why there is never an outcry when the Japanese blatantly interfere in the market either tacitly or directly. As for the chinese, they own a ton of treasuries and dollar denominated issues as well as currency which is why they also keep their own currency artificially low. As for owning something that has no value, don't you pay with us dollars? Nothing has any value, except what an individual or a community of individuals attaches to it, but ofcourse now we're getting into semantics. Point is the Chinese/Japanese own a ton of US dollar and have a vested interest in seeing it remain high so as to not diminish their combined trillions of us holdings.
Patience + Humility + Study = Success
  • #4,012
  • Aug 23, 2007 7:55am Aug 23, 2007 7:55am
Quoting DutchTrader
You're stating something different than what I said, I said that since the Asians own more of our currency than anyone else, meaning aside from the US, they have a vested interest in keeping the rate at a reasonably high level as compared to their own currency. Which is why there is never an outcry when the Japanese blatantly interfere in the market either tacitly or directly. As for the chinese, they own a ton of treasuries and dollar denominated issues as well as currency which is why they also keep their own currency artificially low. As for owning something that has no value, don't you pay with us dollars? Nothing has any value, except what an individual or a community of individuals attaches to it, but ofcourse now we're getting into semantics. Point is the Chinese/Japanese own a ton of US dollar and have a vested interest in seeing it remain high so as to not diminish their combined trillions of us holdings.
Hmm.

Have a look at the last 10 year on the charts... it is interesting.. low? hmm
  • #4,013
  • Aug 23, 2007 7:57am Aug 23, 2007 7:57am
Candle closing...think it's time to buy again? It's above the pivot

I'd be weary guys. This looks like a huge retrace. THe carry trade unwind is not over, I believe.
  • #4,014
  • Aug 23, 2007 7:59am Aug 23, 2007 7:59am
This looks to me like a good place for a long.. but i don't know this pair.. yes anyone agree?
  • #4,015
  • Aug 23, 2007 8:00am Aug 23, 2007 8:00am
Quoting DutchTrader
You're stating something different than what I said, I said that since the Asians own more of our currency than anyone else, meaning aside from the US, they have a vested interest in keeping the rate at a reasonably high level as compared to their own currency. Which is why there is never an outcry when the Japanese blatantly interfere in the market either tacitly or directly. As for the chinese, they own a ton of treasuries and dollar denominated issues as well as currency which is why they also keep their own currency artificially low. As for owning something that has no value, don't you pay with us dollars? Nothing has any value, except what an individual or a community of individuals attaches to it, but ofcourse now we're getting into semantics. Point is the Chinese/Japanese own a ton of US dollar and have a vested interest in seeing it remain high so as to not diminish their combined trillions of us holdings.
Well, Let me put it this way so you get an idea of what will happen when the market crashes or the economy had deteriorated to nothing..... That dollar you have in your pocket will not even be worth the paper it was printed on.... Only value of money will be silver and gold..... so don't believe that any country has an interest in the US dollar because it is not true... They may want you to think that for moral purpose but that is it.....
The Dove - Forex Trainer
  • #4,016
  • Aug 23, 2007 8:03am Aug 23, 2007 8:03am
Why is everyone talking about a long entry????????
The Dove - Forex Trainer
  • #4,017
  • Aug 23, 2007 8:04am Aug 23, 2007 8:04am
Quoting dove_alliance
Well, Let me put it this way so you get an idea of what will happen when the market crashes or the economy had deteriorated to nothing..... That dollar you have in your pocket will not even be worth the paper it was printed on.... Only value of money will be silver and gold..... so don't believe that any country has an interest in the US dollar because it is not true... They may want you to think that for moral purpose but that is it.....
See you're mixing up two vastly different issues. You're assuming, why I don't know, that I'm wholly unaware of the post Bretton Woods fallacy that is the current US treasury situation. I'm merely saying to you that if everyone is holding us dollars they are beholden to that currency until such time when they are able to switch to euros, or perhaps the day that the Yuan Renmibi or Yen become the worlds defacto currency. Till that faithful day they're all on a mission to prop up the US. The US dollar should've been worthless many moons ago, and it's not kindness that prevents this happening or "Great economic data" it's cold and calculate business sense. As for the value of silver and gold, you're preaching to the choir, I've traded metals and energy long before I got into forex.
Patience + Humility + Study = Success
  • #4,018
  • Aug 23, 2007 8:07am Aug 23, 2007 8:07am
Quoting DutchTrader
See you're mixing up two vastly different issues. You're assuming, why I don't know, that I'm wholly unaware of the post Bretton Woods fallacy that is the current US treasury situation. I'm merely saying to you that if everyone is holding us dollars they are beholden to that currency until such time when they are able to switch to euros, or perhaps the day that the Yuan Renmibi or Yen become the worlds defacto currency. Till that faithful day they're all on a mission to prop up the US. The US dollar should've been worthless many moons ago, and it's not kindness that prevents this happening or "Great economic data" it's cold and calculate business sense. As for the value of silver and gold, you're preaching to the choir, I've traded metals and energy long before I got into forex.
OK - we're on the same page.
The Dove - Forex Trainer
  • #4,019
  • Aug 23, 2007 8:08am Aug 23, 2007 8:08am
Its a looping head and shoulder candle morning star doji pattern!!!

Quoting dove_alliance
Why is everyone talking about a long entry????????
Patience + Humility + Study = Success
  • #4,020
  • Aug 23, 2007 8:08am Aug 23, 2007 8:08am
Quoting dove_alliance
OK - we're on the same page.
In more ways then one my brother
Patience + Humility + Study = Success
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