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  • #10,261
  • Jul 9, 2008 2:36am Jul 9, 2008 2:36am
Quoting dove_alliance
Anyone beside me running the "long" haul on yen......

Long on UJ
  • #10,262
  • Jul 9, 2008 2:40am Jul 9, 2008 2:40am
Here is something to watch for....... Both pairs are now running above yesterdays high which means because of the consolidation it may not go any further than 20 or 25 pips of their highs......

Take profit if it retraces ofter 20 pips......
The Dove - Forex Trainer
  • #10,263
  • Jul 9, 2008 2:43am Jul 9, 2008 2:43am
The high for the E/J is 168.54 and the U/J high is 107.52
The Dove - Forex Trainer
  • #10,264
  • Jul 9, 2008 2:47am Jul 9, 2008 2:47am
Quoting dove_alliance
Anyone beside me running the "long" haul on yen......

should i go also with E/J ?? i have a very bad memories with it...
pip and run ....
  • #10,265
  • Jul 9, 2008 2:52am Jul 9, 2008 2:52am
I don't know if anyone realizes this but the E/J has been hanging out and working its way back to its record high of 169.44
The Dove - Forex Trainer
  • #10,266
  • Jul 9, 2008 2:53am Jul 9, 2008 2:53am
Quoting pipo77
should i go also with E/J ?? i have a very bad memories with it...
Right now is too late; it is at its 20 pips above high.....
The Dove - Forex Trainer
  • #10,267
  • Jul 9, 2008 2:57am Jul 9, 2008 2:57am
yep...thats right....
pip and run ....
  • #10,268
  • Jul 9, 2008 3:02am Jul 9, 2008 3:02am
Hello crew,

Ive missed the buy of the dp, though it was a nice clear buy as 1hr pinbar was formed of it. Price is above dm4 and touched the utl. Lets wait and see if we get a breakout or we are going down again.
  • #10,269
  • Jul 9, 2008 3:04am Jul 9, 2008 3:04am
Quoting belekas
Hello crew,

Ive missed the buy of the dp, though it was a nice clear buy as 1hr pinbar was formed of it. Price is above dm4 and touched the utl. Lets wait and see if we get a breakout or we are doing down again.
Hard to say right now with the yen going out here in a little while.
The Dove - Forex Trainer
  • #10,270
  • Edited 3:43am Jul 9, 2008 3:29am | Edited 3:43am
Quoting dove_alliance
Hard to say right now with the yen going out here in a little while.
your not trading geppy right?
  • #10,271
  • Jul 9, 2008 3:31am Jul 9, 2008 3:31am
started going down i believe ...
it would be a great if the daily pivot is broken....and maybe to the S1 at 106.70....plssss...i need a new car....
pip and run ....
  • #10,272
  • Jul 9, 2008 3:45am Jul 9, 2008 3:45am
We might be going to test monday high @ 107.74
  • #10,273
  • Jul 9, 2008 4:51am Jul 9, 2008 4:51am
we might just stay here and do nothing as it look like..
  • #10,274
  • Jul 9, 2008 5:38am Jul 9, 2008 5:38am
SOFIA (Thomson Financial) - Iran's latest missile test shows that the threat posed by the Islamic republic is not "imaginary", U.S. Secretary of State Condoleezza Rice said here Wednesday.

"It's evidence that the missile threat is not an imaginary one," Rice told journalists at a news conference in the Bulgarian capital when asked about Iran's latest test of its Shahab-3 missile.

The Shahab-3 was among a broadside of nine missiles fired off in the early morning from an undisclosed location in the Iranian desert, state-run Arabic channel Al-Alam and its English counterpart Press-TV reported. "It's time for Iranians to stop violating their Security Council obligations and start fulfilling them," Rice said.

She was in Sofia to receive a medal for her role in obtaining the release a year ago of Bulgarian nurses and a Palestinian doctor jailed in Libya.

==============

Some more info on this...

Iran test fires missiles in riposte to U.S., Israel

http://edition.cnn.com/2008/WORLD/me...ef=mpstoryview

Quoting naminori
Dollar Falls Against Euro, Yen After Iran Test-Fires Missile

By Kosuke Goto and Stanley White

July 9 (Bloomberg) -- The dollar declined against the yen and euro after Iran's state television said the nation test- fired a long-range missile capable of reaching Israel.

The yen and the Swiss franc strengthened on speculation the missile test signals that international political tensions will keep escalating, spurring investors to buy assets in nations that are perceived as safer.

"The news of Iran's missile launch is causing the dollar to fall,'' said Masahiro Sato, joint general manager of the treasury division at Mizuho Trust & Banking Co. in Tokyo. "It's also boosting the Swiss franc in a flight to safety. It's difficult to judge Iran's intentions regarding its nuclear capabilities, and that is a significant geopolitical risk.''

The dollar fell to 107.05 yen as of 2:25 p.m. in Tokyo from 107.50 yen late in New York yesterday. It also weakened to $1.5716 versus the euro compared with $1.5670 yesterday.

The dollar may decline to 106.70 yen today, Sato said. Iran test-fired successfully the Shahab 3 missile with a 2,000-kilometer (1,240-mile) range and a one-ton weight at 8 a.m. local time today,'' the Al-Alam television channel said in a report on its Web site.

"In this holiday-thinned market period, geopolitical news like Iran's test firing will see safe-haven currencies like the yen benefit,'' said Robert Rennie, chief currency strategist based in Sydney at Westpac Banking Corp., Australia's fourth- biggest lender.

Japan's currency climbed to 168.24 versus the euro from 168.45 in New York yesterday. The Swiss franc advanced to 1.0282 versus the dollar from 1.0337.

http://www.bloomberg.com/apps/news?p...BDk&refer=home
  • #10,275
  • Jul 9, 2008 6:24am Jul 9, 2008 6:24am
dove what do you think is hapening in to EJ and UJ it's kinda irrational, i can't get a good analysis on them now
  • #10,276
  • Jul 9, 2008 7:11am Jul 9, 2008 7:11am
(IGM)[USD/YEN] getting a lift, and so now almost back up to challenge the top of the...

[USD/YEN] getting a lift, and so now almost back up to challenge the top of the recent ranges above 108.00. The buyers, Russian specs or a Swiss private bank, although many suspect an Asian CB is the mainstay of the bids for the headline. Heavy Eur/Yen buying was also seen from the open of EU trade and this pair is now poised just below a key trendline (168.80-85 area), a break of which will flags 172.00 potential. As for Usd/Yen there are better offers again now layered up into 108.00 from commercial names and option accounts. System stops 107.65+ Also still getting a bit of attention is the 200 day m.a at 107.58, the emphasis being on a close above.
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,277
  • Jul 9, 2008 8:07am Jul 9, 2008 8:07am
After a drop in asia session till the pivot we are now strugle to break up, but @ 107.5 massive selling appears.

On the chart we have a triangle, until this is not break no trades for me.

http://img296.imageshack.us/img296/2...9072008zm3.gif

enjoy.
  • #10,278
  • Jul 9, 2008 10:05am Jul 9, 2008 10:05am
  •  yxy
  • | Joined Jul 2008 | Status: just one pip at a time | 55 Posts
Man, look as though there is some serious sweeping going on right now.
  • #10,279
  • Jul 9, 2008 10:11am Jul 9, 2008 10:11am
Yep, I'm going to look at the USD/CAD later today and watch the AUD/USD during the news this evening at 9:30. Maybe catch some pips on the retrace if it moves good.
"I spilled spot remover on my dog. He's gone now." - Steven Wright
  • #10,280
  • Jul 9, 2008 10:20am Jul 9, 2008 10:20am
A whole day has been ranging betwen M3 (107.53) and PP. It`s pushing on the 200 EMA on the 30 min chart right now, possible break to M2 (106.89)?
Other than that, doubt we will se a lot of action today, but hey, we might see some surprises..
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