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17:07 EST and Oanda won't let me close trades in profit 0 replies

Timezone and Sessions Indicators with auto-adjust EST/EDT? 2 replies

what time is the BOJ Rate Decision? 3 replies

What is BOJ's Fukui speaking on tonight? 4 replies

Attachments: BoJ Rate Decision and Fukui speaks at 1:30 EST
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BoJ Rate Decision and Fukui speaks at 1:30 EST

Quoting faure
The BoJ raises rates the yen falls. They don't raise rates (unlikely) the yen falls a whole lot further.
Relax and be happy.
Quoting merlin
to you too! I've just gone short eurjpy - check my other thread.
man i was fading so much last night i thought i was a barber!

that eurjpy probably aint a bad play, the BOJ has to buy back that yen sometime soon
Relax and be happy.
Quoting merlin
man i was fading so much last night i thought i was a barber!

that eurjpy probably aint a bad play, the BOJ has to buy back that yen sometime soon
We'll see how it turns out. There's a very similar setup in the cadjpy.
http://www3.turkishpress.com/i-e/SGE...lt-181x245.jpg
Not only does Fukui tip the market with his words, he is perhaps the most appropriately named central banker in the world.

Bears dine on beef
Quote
Not only does Fukui tip the market with his words, he is perhaps the most appropriately named central banker in the world.

LOL. I can see he has two fingers up in the picture aswell.
If it's too good to be true, it probably is.
Quoting SeekingLight
Which fib did I miss this time!
Was long at 234.00 on PB/BUOB break long before the announcement and asleep when it happened, position came through it quite well, still waiting for 240+

Why 233.50-70? =) Although it was a terrific buy again at the lows =)
not fib, SeekingLight, ..,
..but simply good support level or price pivot.
remember resistance turning support and vice versa?... the easy and simple stuff.
don't over complicate trading with fib or other indicators...

R
Attached Image
Quoting Sysonby
http://www3.turkishpress.com/i-e/SGE...lt-181x245.jpg
Not only does Fukui tip the market with his words, he is perhaps the most appropriately named central banker in the world.

Lol, that's kinda funny
Trading is a long and a short story.
What I find interesting about threads like these is that pre-news release, everyone and their brother is proclaiming which way the market is going to go. I swear -- every n00b and their brother gets on here with two posts talking about which way the market is definitely going to go.

Heck, a few people are asking what they should do.

People, if you're going to do this, seriously, either, a) give me your money. I will gladly send you my mailing address, or b) go to Las Vegas, Reno, <pick your favorite gambling spot>, and go at it. God knows there's some hot chicks there that will gladly fill you up with liquor while you throw your hard earned money away...

Funny how no one is posting much in this thread now...

You can't predict the markets, folks. When will you ever learn?
Mr. Trend
Quoting Mr Trend
What I find interesting about threads like these is that pre-news release, everyone and their brother is proclaiming which way the market is going to go. I swear -- every n00b and their brother gets on here with two posts talking about which way the market is definitely going to go.

Heck, a few people are asking what they should do.

People, if you're going to do this, seriously, either, a) give me your money. I will gladly send you my mailing address, or b) go to Las Vegas, Reno, <pick your favorite gambling spot>, and go at it. God knows there's some hot chicks there that will gladly fill you up with liquor while you throw your hard earned money away...

Funny how no one is posting much in this thread now...

You can't predict the markets, folks. When will you ever learn?

I think it is entertaining to read these predictions, it stimulates discussion about the impeding release (the current underlying market factors). I personally trade agnostic to the direction of the markets... whatever I think I may know about the direction of the markets I generally find they behave unexpectedly. I think the speculation is fun, it gets me excited for the release and is a good way to pass the time while the clock is ticking.

I think it would be n00bish to blindly follow someone's market predictions, unless they seem to have a knack for being correct... but trusting someone else's opinion is at your own risk. I'd rather be more in control of my investments.
Quoting Mr Trend
What I find interesting about threads like these is that pre-news release, everyone and their brother is proclaiming which way the market is going to go. I swear -- every n00b and their brother gets on here with two posts talking about which way the market is definitely going to go.

Heck, a few people are asking what they should do.

People, if you're going to do this, seriously, either, a) give me your money. I will gladly send you my mailing address, or b) go to Las Vegas, Reno, <pick your favorite gambling spot>, and go at it. God knows there's some hot chicks there that will gladly fill you up with liquor while you throw your hard earned money away...

Funny how no one is posting much in this thread now...

You can't predict the markets, folks. When will you ever learn?



While I agree with what Mr T says.....I must point out though one needs to have an idea of what is more probably than not in the market especially .....for instance....since this is the thread on the BOJ event.....You knew they were not going to cut the rates (knew mean highly unlikely that is!!)...so discount that scenario....then if they raise rates that means the yen pairs would drop....BUT the pairs had already gained during the past week or so and it looked like the market was expecting the rate rise......so...going short the pairs you would need to have a very conservative entry point....so the only hight probability trade that was available was that the pairs would gain in value over the couple of hours following after the event....(I m not saying you could not have made money at the initial spike down right after the initial proposal...but thats a slightly different issue)

Now no one will be right 100% of the time (that is for God!!) No one will probably be right 80% of the time....(that is for the disciples) ...The trick is to have the proper safety systems working when U are wrong....and always stack the odds in your favor......

I remember I was having a conversation with a consistently profitable trader once....(and I m not certain of its exact accuracy as we were in a bar so give and take a couple of numbers...but the moral still sticks!!) where he goes....I m correct 16% of the time.....my goal is to be as good as the person who trained me in everything I know.....he was right 24% of the time!!!!!.....what makes him profitable is the safety he employs by stacking the odds in his favor for the times he is right..

Point is....Trade what u see....not what you think you see or what you want to see.......but in case what u see is wrong....make sure you have the safety mecs. in place
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