- #13,804
- Edited 7:52am Jun 9, 2008 7:47am | Edited 7:52am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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..
- #13,806
- Jun 9, 2008 8:17am Jun 9, 2008 8:17am
I can help out in his absence ! Who wants to make some money today ? What are you trading now ? I trade USD/JPY. Resistance now at 105.90 and 106.00 and 106.30...
Support at 105.50 and 105.40 and 105.00 and 104.50 and 104.40
That is GUT without looking at the charts as yet.
Dow Futures Up 31 and Lehman Down with Bad News Released. Looking to raise 6 Billion more.
USD/JPY testing 105.90 now and I am looking for a Good Place to short it...
Stay Tuned...
All Comments, Questions, Observations are Welcome !!!
Have A Great Trading Day !!!
Bruce
P.S.
Here are the more expert views but then again what makes them an expert ?
12:39 USD/JPY:
Firmer Stock Futures Underpin USD/JPY San Francisco, June 9. USD/JPY is trading at 105.75 this morning having found support overnight from Japanese importers and semi-official names. The rally in EUR/JPY above 167.00 today and the highs for the year also helped underpin USD/JPY. Order board interest is well away from current levels this morning with USD/JPY underpinned by firmer stock futures, which are up 39 pts on the DJIA. Bids are reported at 104.50 with selling interest at 106.00, 106.50 and 107.00. Stops are eyed at 106.05 and under 105.00.
The rise in stock futures is currently ignoring the focus on Lehman"s this morning which announced a $2 bln loss with Moody"s cutting the ratings outlook to negative earlier this morning.
Overall, USD/JPY remains in steady uptrend from the March lows of 95.74 which could still see 108.50 or higher tested in coming weeks. [email protected]
thx
- #13,807
- Edited 8:35am Jun 9, 2008 8:32am | Edited 8:35am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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The Next TEST is 106.30
Buy the Rumor SELL the News !!! Dow Futures UP 65 so if Dow trades near 0 UP the USD/JPY reverses...
Short around here with 25 PIP Stop and If Pending Home Sales at 10:00 AM is worse than Consensus ?
Running Up to 106.20 and Might be a Short or Not USE STOPS if you GO IN !!!
Make your own Decisions. This is NOT a Recommendation.
Bruce
P.S.
New York Fed President Geithner Speaks
http://www.forexfactory.com/images/m...dar_detail.gif
12:30pm EURhttp://www.forexfactory.com/images/m...act_medium.gifECB President Trichet Speaks
, u got point there.. right now i only rely on TA, knowledge in FA still very very little..
p/s: anybody else got comment?, lets make this thread alive even without sham..
be happy with what u have while u pursue what u want..
- #13,811
- Jun 9, 2008 8:57am Jun 9, 2008 8:57am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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- #13,812
- Jun 9, 2008 9:03am Jun 9, 2008 9:03am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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- #13,813
- Jun 9, 2008 9:05am Jun 9, 2008 9:05am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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, best performance so far..but still a long way ahead.
- #13,816
- Jun 9, 2008 9:38am Jun 9, 2008 9:38am
- | Membership Revoked | Joined Sep 2006 | 1,802 Posts
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