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Breeze....Update on GBP/JPY

  • #1,001
  • Jan 10, 2008 7:07pm Jan 10, 2008 7:07pm
above 215.60 look for 217.30 as a potential target.....
  • #1,002
  • Jan 10, 2008 7:29pm Jan 10, 2008 7:29pm

Foreigners were net buyers of +JPY 39.3bn of Japanese bonds and +JPY 18.5bn of Japanese stocks in the
week to 5

th January. Meanwhile, Japanese investors were net buyers of +JPY 424.5bn of foreign bonds and
+JPY 12.5bn of foreign stocks. The significant net outflow of funds by Japanese investors is clearly an
important reason why USD-JPY appears to have found a floor. In addition, Japanese interest rate
expectations have fallen. In mid-December, the money market was looking for around +25bps in rate hikes by
the Bank of Japan over the next 12 months. Currently, the market is only looking for around +5bps. With the
U.S. economy continuing to weaken, markets will anticipate Japanese economic weakness going forward
  • #1,003
  • Jan 10, 2008 8:26pm Jan 10, 2008 8:26pm
Quoting Breeze
above 215.60 look for 217.30 as a potential target.....
is 215.6 a Fib line ?

215.79 is R1.
Just trying to figure out where that # came from.

Always learning......
  • #1,004
  • Jan 10, 2008 9:14pm Jan 10, 2008 9:14pm
Quoting ecomerce

Foreigners were net buyers of +JPY 39.3bn of Japanese bonds and +JPY 18.5bn of Japanese stocks in the


week to 5th January. Meanwhile, Japanese investors were net buyers of +JPY 424.5bn of foreign bonds and
+JPY 12.5bn of foreign stocks. The significant net outflow of funds by Japanese investors is clearly an
important reason why USD-JPY appears to have found a floor. In addition, Japanese interest rate
expectations have fallen. In mid-December, the money market was looking for around +25bps in rate hikes by
the Bank of Japan over the next 12 months. Currently, the market is only looking for around +5bps. With the
U.S. economy continuing to weaken, markets will anticipate Japanese economic weakness going forward

Interesting....
  • #1,005
  • Jan 10, 2008 9:15pm Jan 10, 2008 9:15pm
Quoting kujo17
is 215.6 a Fib line ?

215.79 is R1.
Just trying to figure out where that # came from.

Always learning......
Stick arround kujo.....theres more....
  • #1,006
  • Jan 10, 2008 9:20pm Jan 10, 2008 9:20pm
Quoting Breeze
Stick arround kujo.....theres more....
I know there is.... Love the Breeze in here....
  • #1,007
  • Jan 10, 2008 11:24pm Jan 10, 2008 11:24pm
Quoting Breeze
See yall tomorrow....@ 216.00

a bit confused breeze on where exactly you hedge your trades. i read earlier in your post that you said the above and then so far after you mentioned that its fallen significantly and then few hours later you mentioned that you closed your hedges at 213.80?? hmmmmm -- i cant figure that out !

fer
  • #1,008
  • Jan 10, 2008 11:25pm Jan 10, 2008 11:25pm
Quoting Breeze
long @

228.00................active
228.22................active
228.50................active
227.50.................active
227.80.................active
227.00.................active
226.60.................active
226.80.................active
223.30.................active

Closed all Hedges @ 213.80......Now heading for 216.00
note I will also hedge on every rally.

Breeze

this is the post after you said see ya at 216?? ( so how come you had hedges as i thought you were waiting for 216 to hedge further ? )
  • #1,009
  • Jan 11, 2008 3:33am Jan 11, 2008 3:33am
breeze,

you have physcological indi on your charts..where did u get that from?
  • #1,010
  • Jan 11, 2008 3:46am Jan 11, 2008 3:46am
Been a watcher of this thread for quite sometime....hope you all hedged that big drop to 212....I caught it from 214.78 to about 212.20 very good money in deed....

I am hedged again at 213.25....I have the next swing of this down to 210.00 give or take 30 pips....trend is down right now, and thats what i have as next support....I hope I am wrong....but if nothing else....I will have made a lot hedging each top to bottom that I will be very profitable overall

Good Luck to everyone, and keep up the posting Breeze...thanks a bunch
The only sovereign I can allow to rule me is reason.
  • #1,011
  • Jan 11, 2008 6:25am Jan 11, 2008 6:25am
Happy new year & profitable trading to FxPredator and everyone on this Thread
  • #1,012
  • Jan 12, 2008 4:36pm Jan 12, 2008 4:36pm
what is the system set up for this trading method? thanxs.
  • #1,013
  • Jan 12, 2008 5:37pm Jan 12, 2008 5:37pm
Quoting Breeze
Sounds fantastic...how about...

Hi Breeze;

Could you please explain your hedging system, how do you first take a trade and then how do you hedge, appreciate because I cant follow.


Thanks
Zee
ZHK
  • #1,014
  • Jan 12, 2008 8:42pm Jan 12, 2008 8:42pm
Quoting pearsonfx
Been a watcher of this thread for quite sometime....hope you all hedged that big drop to 212....I caught it from 214.78 to about 212.20 very good money in deed....

I am hedged again at 213.25....I have the next swing of this down to 210.00 give or take 30 pips....trend is down right now, and thats what i have as next support....I hope I am wrong....but if nothing else....I will have made a lot hedging each top to bottom that I will be very profitable overall

Good Luck to everyone, and keep up the posting Breeze...thanks a bunch

Well I did call it.
Check out post 320.

Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #1,015
  • Jan 12, 2008 10:24pm Jan 12, 2008 10:24pm
Quoting TraderJoe
Well I did call it.
Check out post 320.

Yes you did...

There is potential for this to drop even as low as 200.00 area...but it depends on what usdjpy does this week and maybe next....Its sitting on the trendline support...if it breaks...it will most likely hit 102.00 area in a short amount of time...

Pound should be bottoming out soon, if not already....I have next support at 1.9450 area (which we are very close to) and there is supposed to be bullish days awaiting the pound.....hopefully usdjpy support will hold, which would most likely bring this above 220.00 with my preliminary target of 230.00....

I don't want to be responsible for any false accusations....but depending on what happens this week or maybe next.....gbp/jpy is heading for 200.00 or 230.00 areas....I hope it is the latter

Tell me what you guys think
The only sovereign I can allow to rule me is reason.
  • #1,016
  • Jan 13, 2008 12:36am Jan 13, 2008 12:36am
Quoting TraderJoe
Well I did call it.
Check out post 320.

I hope you did make money on that one
Breeze
  • #1,017
  • Jan 13, 2008 12:36am Jan 13, 2008 12:36am
Quoting pearsonfx
Yes you did...

There is potential for this to drop even as low as 200.00 area...but it depends on what usdjpy does this week and maybe next....Its sitting on the trendline support...if it breaks...it will most likely hit 102.00 area in a short amount of time...

Pound should be bottoming out soon, if not already....I have next support at 1.9450 area (which we are very close to) and there is supposed to be bullish days awaiting the pound.....hopefully usdjpy support will hold, which would most likely bring this above 220.00 with my preliminary target of 230.00....

I don't want to be responsible for any false accusations....but depending on what happens this week or maybe next.....gbp/jpy is heading for 200.00 or 230.00 areas....I hope it is the latter

Tell me what you guys think
"Bullish"

Breeze
  • #1,018
  • Jan 13, 2008 10:32pm Jan 13, 2008 10:32pm
Hi all....I'll answer all ur qeustions once I'm in profits cause rite now I'm in a panic mode as I'm not hedged.

Breeze
  • #1,019
  • Jan 13, 2008 10:35pm Jan 13, 2008 10:35pm
Quoting Breeze
long @

228.00................active
228.22................active
228.50................active
227.50.................active
227.80.................active
227.00.................active
226.60.................active
226.80.................active
223.30.................active

Closed all Hedges @ 213.80......Now heading for 216.00
note I will also hedge on every rally.

Breeze
I'm still hangin by a thread.....hoping for a miracle here.

Breeze
  • #1,020
  • Jan 14, 2008 2:20am Jan 14, 2008 2:20am
Quoting Breeze
I'm still hangin by a thread.....hoping for a miracle here.

Breeze
not a good stretegy
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
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