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USD/JPY Discussion

  • #16,061
  • Jun 1, 2010 9:32pm Jun 1, 2010 9:32pm
100pips all ready, but still not closed waiting for further up trend.
this is because the PA and market sentiment like micho said.......

but what causing this PA and this sentiment??????

this is why : Japan Premier Hatoyama decide to resign, please see bloomberg for further news. the Yen is weaker, and the stock are stronger.
this movement still volatile, as long the politics trivia still happen....

hoping for more up trend....
  • #16,062
  • Jun 1, 2010 11:08pm Jun 1, 2010 11:08pm
USD/JPY get boost if current Japan Finance Minister Kan becomes next Prime Minister, following PM Hatoyama's resignation, given Kan's previous statements against JPY strength, says Satoshi Okagawa, senior FX trader at Sumitomo Mitsui Banking. Japan government spokesman says DPJ to decide when to hold election for party president; many observers tip Kan as strongest candidate. "If Kan should become prime minister, that could indeed provide some firmer support to dollar-yen," with pair likely "finding it more difficult to break the 90.00 mark," Okagawa says. If Kan becomes PM, market participants may become more sensitive to risk of verbal, actual intervention to curb any JPY strength, which hurts key export sector. After becoming finance minister in January, Kan said he wanted yen to become "a bit weaker," also took unusual step of referring to specific level, saying many Japanese firms hoped for USD/JPY around 95.
A little beginner trader since 2006
  • #16,063
  • Jun 1, 2010 11:33pm Jun 1, 2010 11:33pm
Quoting Naseri13
USD/JPY get boost if current Japan Finance Minister Kan becomes next Prime Minister, following PM Hatoyama's resignation, given Kan's previous statements against JPY strength, says Satoshi Okagawa, senior FX trader at Sumitomo Mitsui Banking. Japan government spokesman says DPJ to decide when to hold election for party president; many observers tip Kan as strongest candidate. "If Kan should become prime minister, that could indeed provide some firmer support to dollar-yen," with pair likely "finding it more difficult to break the 90.00 mark,"...
this kind of news make want to add more lot to long this pair........
Good post Nasseri13
  • #16,064
  • Jun 1, 2010 11:42pm Jun 1, 2010 11:42pm
Quoting yeri
this kind of news make want to add more lot to long this pair........
Good post Nasseri13
Your welcome lets wait and don't hurry yet for give the best situation.
A little beginner trader since 2006
  • #16,065
  • Jun 2, 2010 1:00am Jun 2, 2010 1:00am
yups, i'm still waiting if this pair back to 90.xx to put another long... , or if there is more fundamental news showing more stronger push to a weaker Yen.
  • #16,066
  • Jun 2, 2010 3:13am Jun 2, 2010 3:13am
is impossible to know which way this couple will go from here! or wha you think of?
  • #16,067
  • Jun 2, 2010 3:42am Jun 2, 2010 3:42am
attempting a double-top ..?
or a range..?
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  • #16,068
  • Jun 2, 2010 3:45am Jun 2, 2010 3:45am
Quoting Mary Silvert
is impossible to know which way this couple will go from here! or wha you think of?

imo

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Don't be a hero. Don't have an ego. Always question yourself
  • #16,069
  • Jun 2, 2010 5:36am Jun 2, 2010 5:36am
Quoting Mary Silvert
is impossible to know which way this couple will go from here! or wha you think of?
up i think, but i could be wrong....
  • #16,070
  • Jun 2, 2010 6:15am Jun 2, 2010 6:15am
time to go short in USD/JPY
Entry 91.968 Target 91.340 SL 92.162
  • #16,071
  • Jun 2, 2010 6:43am Jun 2, 2010 6:43am
still holding my 2 shorts @89.72 and 90... minimum loss now expected above -100...
still holding AUDCAD still looking good

All other pairs looking flat and no where to trade in this market today
When life gives you lemons, make lemonade
  • #16,072
  • Jun 2, 2010 7:22am Jun 2, 2010 7:22am
@micho: good for you to have a good money management, so you can still wait for this pair to go down and get a minimum loss, or even profit.
you also hold USD/CAD? long or short? i take long from 1.0489.
  • #16,073
  • Jun 2, 2010 7:31am Jun 2, 2010 7:31am
btw USD/JPy touch 92.08 hmmm what next. can this pair go to 93.xx this week. i hope the unemployment claim and unemployment rate can bring this pair to that level. happy trading everyone.
  • #16,074
  • Jun 2, 2010 7:34am Jun 2, 2010 7:34am
Quoting yeri
@micho: good for you to have a good money management, so you can still wait for this pair to go down and get a minimum loss, or even profit.
you also hold USD/CAD? long or short? i take long from 1.0489.
nope i dont have a position in USDCAD, i have one in AUDCAD since few days short @0.8813 target 0.8689

yes i can hold on my trades until the trade is fulfilled and the target hit whether + or -

Profit Trades (% of total): 24 (72.73%) Loss trades (% of total): 9 (27.27%) Largest profit trade: 453.92 loss trade: -245.88 Average profit trade: 74.27 loss trade: -87.26
When life gives you lemons, make lemonade
  • #16,075
  • Jun 2, 2010 7:37am Jun 2, 2010 7:37am
the post above was for the month of April

this post below for the month of March

Profit Trades (% of total): 14 (73.68%) Loss trades (% of total): 5 (26.32%) Largest profit trade: 437.35 loss trade: -88.72 Average profit trade: 80.85 loss trade: -38.52

kinda similar in %
When life gives you lemons, make lemonade
  • #16,076
  • Jun 2, 2010 7:56am Jun 2, 2010 7:56am
i know i should get +121 for my AUDCAD trade today or asian session
When life gives you lemons, make lemonade
  • #16,077
  • Jun 2, 2010 8:29am Jun 2, 2010 8:29am
nice report micho. , anyway you can make your own thread with your journal for your trade... or perhaps you allready have one?
i can not post my trade since i have a bad record of trading with so many loss.... i'm not confident to post my trade...
  • #16,078
  • Jun 2, 2010 8:44am Jun 2, 2010 8:44am
Quoting yeri
nice report micho. , anyway you can make your own thread with your journal for your trade... or perhaps you allready have one?
i can not post my trade since i have a bad record of trading with so many loss.... i'm not confident to post my trade...
no need to make my own thread, i used to have one with my old system but in 2008 it stopped working... now i play on natural price movement.

if u dont have a good record then u should not play with live money, play with demo instead until u get profitable consistently. if u do, then u can start making money otherwise u have to stick to ur day job. remember 95% of traders are losers, here and everywhere
When life gives you lemons, make lemonade
  • #16,079
  • Jun 2, 2010 9:14am Jun 2, 2010 9:14am
Quoting uraceulose
Nice Micho. I'll be sure and post up with analysis when I take a trade this week..although I have not been trading this pair as much this last month or so.

I just see it different I guess on the longer TF stuff....
UJ TRADE


update my long is very safe now, 30 pips locked in profit and 1/4 taken off the table..longed right at about the 91 area the first time.
when we break the 50 level, we head for the 61.8..4hr posted b4
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  • #16,080
  • Jun 2, 2010 9:21am Jun 2, 2010 9:21am
Short @ 92.24
SL @ 93.00
Target @ 90.50

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Don't be a hero. Don't have an ego. Always question yourself
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