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USD/JPY Discussion

  • #7,901
  • Jun 11, 2008 10:55pm Jun 11, 2008 10:55pm
Quoting dove_alliance
This pair always had a tendency to move slower than the rest........ it will eventually get there.
You are right about it moving slow. It's virtually stopped. It's torture to watch the concrete grow. lol. Still think it will get there?
Expected the unexpected
  • #7,902
  • Jun 11, 2008 10:58pm Jun 11, 2008 10:58pm
From March 2006 to June 2007, I was only trading EUR/USD all the way up the ladder. I loved trading it until I discovered USD/JPY in August 2007 and I followed it from 120.00 to 95.00 making money on the way down. I love the correlation with the Dow as I was originally a stock trader.

One Free Hint On USD/JPY and you can check this out on the charts. At certain times in the one or two hours before each time zone open as the early traders come in I have noticed that from say 2:50 AM to 3:05 AM on the USD/JPY pair it goes up sometimes very quickly 10 to 15 PIPS or more. It repeats and the US Open arounf 7:50 AM and 8:50 AM

I wait until about 8:05 AM and 9:05 AM and then short USD/JPY and most of the time get a quick 10 to 20 PIPS.

Just watch and you will see. Off to bed soon to get ready for Europe open.


Sweet Dreams !!!


Bruce
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  • #7,903
  • Jun 11, 2008 11:02pm Jun 11, 2008 11:02pm
still not sure why the nikkei is down -300 points today.. and UJ up for the japan session... normally negative nikkei should be good for yen.. the opposite as other markets.
  • #7,904
  • Jun 11, 2008 11:03pm Jun 11, 2008 11:03pm
Quoting steelhead
News is bs thats all it is. Market manipulation is real.

Just call it Manipulation. And To think only 5% of All FX traders win constantly. I wonder why ? I guess they don't understand the manipuation !!!

Good Trading and enjoy your long positions ALL the Way to 110.00

When it ends up first at 106.00 just call it more manipulation. I think I will leave this thread again to go to sleep. Nite Nite !!!
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  • #7,905
  • Jun 11, 2008 11:03pm Jun 11, 2008 11:03pm
Quoting scyang
You are right about it moving slow. It's virtually stopped. It's torture to watch the concrete grow. lol. Still think it will get there?
Eventually it will....
The Dove - Forex Trainer
  • #7,906
  • Jun 11, 2008 11:06pm Jun 11, 2008 11:06pm
As long as this stays above the Pivot Point at the 08 it will eventually make it to the R1
The Dove - Forex Trainer
  • #7,907
  • Jun 11, 2008 11:09pm Jun 11, 2008 11:09pm
Quoting emda
still not sure why the nikkei is down -300 points today.. and UJ up for the japan session... normally negative nikkei should be good for yen.. the opposite as other markets.

The move on USD/JPY came on the NY drop of 200 Points. Japan is not the most liquid market or active. Some traders are waiting for Jobless Claims and Retail Sales. Usually if NO MOVE by Midnight it should stay quiet. Watch the 2:30 AM to 3:30 AM Time Period. If Dow is down again led by the data and OIL stays up USD/JPY will come down along with the Dow. Watch the 2 Year and 10 Year US Bonds to see where the money is flowing.

Good Trading !!!

Good Night...Always enjoy our back and forths as you are a fair person. Thank You...


Bruce
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  • #7,908
  • Jun 11, 2008 11:17pm Jun 11, 2008 11:17pm
probably some efforts by central banks to bring down the yen,
everyone can be happy, world receive cheaper products while japanese companies have happiness orgasms seeing their products sell quickly overseas.


anyway, shorted this thing. yen bulls at any moment will get in,
this shit is like 123 in terms the dollar had not been devalued.
  • #7,909
  • Jun 11, 2008 11:23pm Jun 11, 2008 11:23pm
Link: WWW.JSMINESET.COM

Snippet:

Jim Sinclair’s Commentary
Here comes the fallout from the downgrade of credit default derivative factories. Sure everything is just dandy - in your dreams!
Banks face 'possible' £5bn writedowns
Bond insurers' ratings downgrades cause potential writedown headache for global investment giants
Written by Barbara Buchanan
Accountancy Age, 11 Jun 2008
Three of the world’s largest investment banks could potentially face writedowns of up to $10bn (£5.1bn) after their bond insurers were downgraded by Standard & Poors last week, reports The Financial Times.
According to analysts Citigroup, Merrill Lynch and UBS have hedged their collaterised debt obligations and mortgage backed securities of $6.3bn (£3.23bn), $4.8bn (£2.46bn) and $3bn (£1.5bn) respectively with insurers Ambac and MBIA.
Wall Street executives were surprised by S&P’s decision to downgrade Ambac and MBIA from a trip A rating in February and March to a double A last week with Moody’s expected to downgrade Ambac to double A and perhaps cut MBIA to a single A shortly.
‘They and other credit rating agencies have been under pressure to anticipate developments, rather than lag behind the curve, and this looks like an attempt to do just that,’ said a Wall Street executive.
More…
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  • #7,910
  • Jun 11, 2008 11:29pm Jun 11, 2008 11:29pm
Damn, this thread is very popular now .... anyways, I want UJ to go down ..
  • #7,911
  • Jun 11, 2008 11:31pm Jun 11, 2008 11:31pm
Quoting Warren Forex
Link: WWW.JSMINESET.COM

Snippet:

Jim Sinclair’s Commentary
Here comes the fallout from the downgrade of credit default derivative factories. Sure everything is just dandy - in your dreams!
Banks face 'possible' £5bn writedowns
Bond insurers' ratings downgrades cause potential writedown headache for global investment giants
Written by Barbara Buchanan
Accountancy Age, 11 Jun 2008
Three of the world’s largest investment banks could potentially face writedowns of up to $10bn (£5.1bn) after their bond insurers were downgraded by Standard & Poors last week, reports The Financial Times.
According to analysts Citigroup, Merrill Lynch and UBS have hedged their collaterised debt obligations and mortgage backed securities of $6.3bn (£3.23bn), $4.8bn (£2.46bn) and $3bn (£1.5bn) respectively with insurers Ambac and MBIA.
Wall Street executives were surprised by S&P’s decision to downgrade Ambac and MBIA from a trip A rating in February and March to a double A last week with Moody’s expected to downgrade Ambac to double A and perhaps cut MBIA to a single A shortly.
‘They and other credit rating agencies have been under pressure to anticipate developments, rather than lag behind the curve, and this looks like an attempt to do just that,’ said a Wall Street executive.
More…

I knew this and told why the Dow was heading down along with the US Dollar Index. It NEVER Changes ... REALITY 5.5% UI Rate

HOT AIR FED.... REALITY to FALSE PERCEPTION

More BAD News and Back To REALITY and the CHARTS go UP and Down and what have you really learned ?

Just my point of view. Come to the Thread where I will post my daily trading results of 1% profit or more each day. I started with $100,000 US on June 9
and by Friday, I hope to show profit of $5000 or more with Maybe NO losing trades. I have NO Losses so far.

I guess I am just lucky.

Finally ready for bed until I wake at 2:30 AM in two hours.


Bruce
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  • #7,912
  • Jun 11, 2008 11:31pm Jun 11, 2008 11:31pm
Interesting - all currencies came to a wrenching halt........
The Dove - Forex Trainer
  • #7,913
  • Jun 11, 2008 11:32pm Jun 11, 2008 11:32pm
I'm short on USDJPY. from 107.27.
  • #7,914
  • Jun 11, 2008 11:32pm Jun 11, 2008 11:32pm
Quoting dove_alliance
Interesting - all currencies came to a wrenching halt........

Well howdy dove. Haven't seen your name in almost a year.
  • #7,915
  • Jun 11, 2008 11:33pm Jun 11, 2008 11:33pm
Quoting Schminner
Damn, this thread is very popular now .... anyways, I want UJ to go down ..
Smiling - I know you do and I hope eventually it will take you into profit but, it may be awhile before that happens........
The Dove - Forex Trainer
  • #7,916
  • Jun 11, 2008 11:34pm Jun 11, 2008 11:34pm
Quoting s3padrian
Well howdy dove. Haven't seen your name in almost a year.
I know - it has been awhile but I'm still doing what I always do....... good seeing you also.
The Dove - Forex Trainer
  • #7,917
  • Jun 11, 2008 11:35pm Jun 11, 2008 11:35pm
It should happen within the next hour or else my analysis is wrong.
  • #7,918
  • Jun 11, 2008 11:36pm Jun 11, 2008 11:36pm
Quoting dove_alliance
I know - it has been awhile but I'm still doing what I always do....... good seeing you also.
*nods* Why stop when it works?

It's great that you're back. I learned a lot from you and still use your techniques with Pivot Points (it's amazing how they work), but I base my primary analysis on other things.

Adrian
  • #7,919
  • Jun 11, 2008 11:37pm Jun 11, 2008 11:37pm
Quoting s3padrian
It should happen within the next hour or else my analysis is wrong.
That is possible - When the euro hit the S1 that was it........
The Dove - Forex Trainer
  • #7,920
  • Jun 11, 2008 11:38pm Jun 11, 2008 11:38pm
Quoting s3padrian
*nods* Why stop when it works?

It's great that you're back. I learned a lot from you and still use your techniques with Pivot Points (it's amazing how they work), but I base my primary analysis on other things.

Adrian
There is nothing wrong with that.......
The Dove - Forex Trainer
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