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  • #167,881
  • Dec 2, 2009 6:12pm Dec 2, 2009 6:12pm
http://www.bloomberg.com/apps/news?p...ZfiWqIB8&pos=4

If the BoJ intervenes to weaken the Yen, how will the E/U be affected?

If the Yen is weaker it could attract more of the carry trade, so the USD might get sold less for that purpose?

But if Yen weakening means further injection of liquidity into the markets, stock markets would benefit, and so the risk trade being enhanced would hurt the USD?

How will you trade U/J or other yen pairs in the face of what seems like more & more likely BoJ intervention?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #167,882
  • Dec 2, 2009 6:22pm Dec 2, 2009 6:22pm
Quoting The Fool

How will you trade U/J or other yen pairs in the face of what seems like more & more likely BoJ intervention?
Well who knows dood? The best we can do is to trade what we see. I'd like to see their intervention backfire and bite them in the ass though.....but that's just my personal opinion!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #167,883
  • Dec 2, 2009 6:24pm Dec 2, 2009 6:24pm
1.5091 and 1.5109 are the level to watch for buying....
1.5051 and 1.5032 are the level to watch for selling.....
if not pass, market is ranging imo.
But for me,seems like resistence will hold stronger than support.

i will decide base on mentioned level!
  • #167,884
  • Dec 2, 2009 6:28pm Dec 2, 2009 6:28pm
XAU at a new all-time high basically every time I look at the chart, which is 4-5 times a day....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #167,885
  • Dec 2, 2009 6:30pm Dec 2, 2009 6:30pm
Quoting The Fool
XAU at a new all-time high basically every time I look at the chart, which is 4-5 times a day....
Yeah same....it's just ridiculous......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #167,886
  • Dec 2, 2009 6:43pm Dec 2, 2009 6:43pm
Quoting The Fool
http://www.bloomberg.com/apps/news?p...ZfiWqIB8&pos=4

If the BoJ intervenes to weaken the Yen, how will the E/U be affected?

If the Yen is weaker it could attract more of the carry trade, so the USD might get sold less for that purpose?

But if Yen weakening means further injection of liquidity into the markets, stock markets would benefit, and so the risk trade being enhanced would hurt the USD?

How will you trade U/J or other yen pairs in the face of what seems like more & more likely BoJ intervention?
If BoJ intervenes to weaken the yen, then most likely EURJPY and USDJPY goes up.

If this happens, then EURUSD can do 2 things:

1) Rise in relationship
2.) Remains stable

What EURUSD certainly can not do is to go down.

EURUSD = EURJPY / USDJPY
The best thing that can happen to you is to find out where you're wrong.
  • #167,887
  • Dec 2, 2009 6:51pm Dec 2, 2009 6:51pm
Quoting Driver55
If BoJ intervenes to weaken the yen, then most likely EURJPY and USDJPY goes up.

If this happens, then EURUSD can do 2 things:

1) Rise in relationship
2.) Remains stable

What EURUSD certainly can not do is to go down.

EURUSD = EURJPY / USDJPY

not necessarily

imagine that at the very same time BOJ makes an intervention

dollar gets bid
euro is mixed
yen is offered

then eu can still go down
ej will go up but not as much as uj due to higher dollar and weaker yen
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #167,888
  • Dec 2, 2009 6:58pm Dec 2, 2009 6:58pm
Quoting djambazov84
not necessarily

imagine that at the very same time BOJ makes an intervention

dollar gets bid
euro is mixed
yen is offered

then eu can still go down
ej will go up but not as much as uj due to higher dollar and weaker yen
I made a premise.


Quote
If BoJ intervenes to weaken the yen, then most likely EURJPY and USDJPY goes up.

what you say is obvious, is derived from the formula that I wrote
The best thing that can happen to you is to find out where you're wrong.
  • #167,889
  • Dec 2, 2009 7:02pm Dec 2, 2009 7:02pm
Driver55,

What about a SHORT from here 5080 area? I am reading Bearish DIV.

Or maybe is accumulation on my 5 min chart for a run up higher????
  • #167,890
  • Dec 2, 2009 7:09pm Dec 2, 2009 7:09pm
Quoting IMARICH1
Driver55,

What about a SHORT from here 5080 area? I am reading Bearish DIV.

Or maybe is accumulation on my 5 min chart for a run up higher????
I don`t do anything, because tonight I want go to sleep flat.
The market is open every day.

But if I wanted do something, then when:
USDCHF between 9991-9989
and
EURUSD 15086-88

then short EURUSD ( or long USDCHF)
The best thing that can happen to you is to find out where you're wrong.
  • #167,891
  • Dec 2, 2009 7:12pm Dec 2, 2009 7:12pm
Thanks! But you are not concerned about missing a move down to test 5034 and a possible breakthru?

Just trying to get in a position to trade EU. Wasn't sure about a Long but dont see Asia making any new HIGHS today.....
  • #167,892
  • Dec 2, 2009 7:18pm Dec 2, 2009 7:18pm
BOJ intervention????

The only possible reason for them to do so would be to underpin the Dollar. Yes, I know about the export/import issues, but there are also negatives in the scenario. And should the market sentiment contimue in favour of the Yen, this will be an expensive venture. If they begin it and fail or quit, then the situation will be worse than before???

I know that the U/J has risen recently contrary to what I expected when I saw the gold price. However, there are very few direct correlations in the mkt, atm. There are other possible reasons for the Yen to fall.
Ah Luv the smell of a good prediction in the mornin!
  • #167,893
  • Dec 2, 2009 7:18pm Dec 2, 2009 7:18pm
getting close to daily pivot, and the falling trendline above...the question is, are we gonna see fireworks at the rate announcement and comments thereon?
  • #167,894
  • Dec 2, 2009 7:21pm Dec 2, 2009 7:21pm
1.4730 by the endo of the month who's in??? monthly pivot looks tome that 5250 may have to wait til next year

personally ill be selling rallies too close to the top.
  • #167,895
  • Dec 2, 2009 7:26pm Dec 2, 2009 7:26pm
Quoting IMARICH1
Thanks! But you are not concerned about missing a move down to test 5034 and a possible breakthru?

Just trying to get in a position to trade EU. Wasn't sure about a Long but dont see Asia making any new HIGHS today.....

IMA,
as I said before, the market is open every day.
Every day there is a possibility for an entry. equal if long or short.
Sleep is an important aspect for the trading.
The best thing that can happen to you is to find out where you're wrong.
  • #167,896
  • Dec 2, 2009 7:29pm Dec 2, 2009 7:29pm
Very true! Sorry! I was just trying to see how confident you were in a SHORT as oppossed to a LONG as you sounded very interested in watching the 5034 area......for a breakaway...maybe.....

I understand what you are saying....thanks for your help and input....I value your input!
  • #167,897
  • Dec 2, 2009 7:30pm Dec 2, 2009 7:30pm
Well, and now....

good night
The best thing that can happen to you is to find out where you're wrong.
  • #167,898
  • Dec 2, 2009 7:43pm Dec 2, 2009 7:43pm
Hi guys,

Just wondering if you guys actually has a fixed SL or it is purely based on previous resistance/support ? pls advise.
May the pips be with me !!!
  • #167,899
  • Dec 2, 2009 7:43pm Dec 2, 2009 7:43pm
Quoting gatorinla
if you scalp heres a bone. add in the bigger s/r like 4953 80 5007 34 62 89.5 5117 44 71 to this chart.. and dailys
should of kept my long at 34
those who can, do. those who cant, talk about those who can
  • #167,900
  • Dec 2, 2009 7:56pm Dec 2, 2009 7:56pm
Should've kept my long on UJ at 87.42. Closed it out for +13 though. Kick'n myself now. Always another trade though.
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