DislikedRight now,
technically there is alot of tension as prices hover along fine lines of trend reversal or trend continuation....we could see that its currently squeezed intoa tight triangle...Ignored
- #3,921
- Apr 25, 2007 4:27am Apr 25, 2007 4:27am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #3,922
- Apr 25, 2007 4:52am Apr 25, 2007 4:52am
There's an inside info that a lot of speculators shorting this pair against few "strong hands" who still long on this pair (incl myself) now its time for you guys (speculators) to suffer the consequences 240 will do for the coming sessions...
- #3,923
- Apr 25, 2007 5:00am Apr 25, 2007 5:00am
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
- #3,924
- Apr 25, 2007 5:10am Apr 25, 2007 5:10am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
if the inside info has leaked to commoners like us. The strong hands will know what to really do...bah!
- #3,926
- Apr 25, 2007 5:14am Apr 25, 2007 5:14am
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
The insider may be long at 240 himself, now on panic.
- #3,928
- Apr 25, 2007 5:41am Apr 25, 2007 5:41am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
just waked. Is the news out, yet?
- #3,930
- Apr 25, 2007 6:00am Apr 25, 2007 6:00am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Fumafuma http://www.forexfactory.com/images/s...er_offline.gif vbmenu_register("postmenu_281723", true);
FFAN Analyst
Join Date: Dec 2006
Posts: 136
http://www.forexfactory.com/images/icons/icon1.gif From this weekend
From this weekend, in Japan, Golden Week will start.
Golden Week usually refers to the period from April 29th to May 5th when there are four national holidays(April 29, May 3rd, 4th and 5th). Including Saturdays and Sundays many Japanese(manufacturing industry mainly) have more than a week of holidays at this time. Toyota Motor Corp's employees will have holidays from April 28th to May 6th.
Japanese FX brokers said that USDJPY might not rise because export companies would place limited orders during this period. However, I think simply that many Japanese going for foreign travel will sell the yen or change yen into foreign currencies therefore USDJPY will rise.
I thought this was an interesting post?
FFAN Analyst
Join Date: Dec 2006
Posts: 136
http://www.forexfactory.com/images/icons/icon1.gif From this weekend
From this weekend, in Japan, Golden Week will start.
Golden Week usually refers to the period from April 29th to May 5th when there are four national holidays(April 29, May 3rd, 4th and 5th). Including Saturdays and Sundays many Japanese(manufacturing industry mainly) have more than a week of holidays at this time. Toyota Motor Corp's employees will have holidays from April 28th to May 6th.
Japanese FX brokers said that USDJPY might not rise because export companies would place limited orders during this period. However, I think simply that many Japanese going for foreign travel will sell the yen or change yen into foreign currencies therefore USDJPY will rise.
I thought this was an interesting post?Gone to a better place
- #3,931
- Apr 25, 2007 6:09am Apr 25, 2007 6:09am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
I think simply that many Japanese going for foreign travel will sell the yen or change yen into foreign currencies therefore USDJPY will rise.
And.. Oh yeah... Japanese tourists are going to buy $100 billion in the forex spot before heading for the airport..
- #3,933
- Apr 25, 2007 6:34am Apr 25, 2007 6:34am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
And.. Oh yeah... Japanese tourists are going to buy $100 billion in the forex spot before heading for the airport..
Gone to a better place
- #3,934
- Apr 25, 2007 8:10am Apr 25, 2007 8:10am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
People come up to me in the street and say "Mike, what's the best way to deal with a sideways ranging choppy market that forms an equal triangle?" And I say "Place entry orders either side of it so that you are ready for the break out which can take you by surprise. Then simply cancel the remaining, redundant order." (Because I read it somewhere)
Fortunately I did not do this, on this occasion. But this damn triangle seems to be keeping a hold on the price
Fortunately I did not do this, on this occasion. But this damn triangle seems to be keeping a hold on the price
Gone to a better place
"Golden Week" now... Got to be in Japan... There was that equinox holiday few weeks ago. to "watch the sun rising right at the East"...
And.. Oh yeah... Japanese tourists are going to buy $100 billion in the forex spot before heading for the airport..
Sorry about my english...
- #3,938
- Apr 25, 2007 8:25am Apr 25, 2007 8:25am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #3,939
- Apr 25, 2007 8:43am Apr 25, 2007 8:43am
- Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea
- #3,940
- Apr 25, 2007 8:47am Apr 25, 2007 8:47am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts