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USD/JPY Discussion

  • #17,301
  • Aug 3, 2010 8:12pm Aug 3, 2010 8:12pm
Quoting realjumper
I'm all out as well Donnie.....I'll wait until a bit of sanity returns to the market!!....
same here brother!
  • #17,302
  • Aug 3, 2010 9:54pm Aug 3, 2010 9:54pm
Well, still holding my longs, looking for another buy position)
Just look at this guys:
http://4.bp.blogspot.com/_LbKfbdL8RY...0%B5%D0%BD.gif
  • #17,303
  • Aug 3, 2010 10:03pm Aug 3, 2010 10:03pm
Is this good time to go long? Seems to be very bearish and with the NFP results due tomorrow, this could go violent. BUT who knows this could be the bottom today and NFP could be the catalyst for bullish run. I am on the sidelines to enter long at 85
  • #17,304
  • Aug 3, 2010 10:05pm Aug 3, 2010 10:05pm
Can't answer that one, but I do know BOJ intervention is at 85.00...it made a run the last time they intervened so who knows.
  • #17,305
  • Aug 3, 2010 10:10pm Aug 3, 2010 10:10pm
Quoting rob1217
Can't answer that one, but I do know BOJ intervention is at 85.00...it made a run the last time they intervened so who knows.
Thanks Rob! I dont know why BOJ did not intervene yet. Japan exports are hurt with this strong yen and that is a gain for China/Korea.
  • #17,306
  • Aug 3, 2010 10:22pm Aug 3, 2010 10:22pm
Quoting rob1217
Can't answer that one, but I do know BOJ intervention is at 85.00...it made a run the last time they intervened so who knows.
Don't count on a BoJ intervention to take a position. Only if NIKKEI gets down to 8500, BoJ will start to think about some kind of intervention.
  • #17,307
  • Aug 3, 2010 10:33pm Aug 3, 2010 10:33pm
i think this is the time for buying if you can handle until at least 83,xx
Steady as the beating drum,,,
  • #17,308
  • Aug 3, 2010 10:37pm Aug 3, 2010 10:37pm
Quoting PipMaxzz
Thanks Rob! I dont know why BOJ did not intervene yet. Japan exports are hurt with this strong yen and that is a gain for China/Korea.
Is this the reason for your position taking? Meat on the chopping board my friend... 很傻很天真
  • #17,309
  • Aug 3, 2010 10:39pm Aug 3, 2010 10:39pm
Quoting PipMaxzz
Thanks Rob! I dont know why BOJ did not intervene yet. Japan exports are hurt with this strong yen and that is a gain for China/Korea.
tongue- in - cheek ... conspiracy theory No. 672XMCIIV-2010AYRTSU/57103/892MMXCIIIVV :

may be it is political in nature ... we won't hurt ur toyota etc .. if u help us deal with china and korea ... u take a little bit pain ... we' ll help u ... nudge, nudge .. wink, wink .... nod, nod ...

  • #17,310
  • Aug 3, 2010 10:42pm Aug 3, 2010 10:42pm
took a shot from 85.35

target 85.15
Attached Image
  • #17,311
  • Aug 3, 2010 11:18pm Aug 3, 2010 11:18pm
http://www.forexlive.com/123255/all/...rket-tests-boj
  • #17,312
  • Aug 4, 2010 12:27am Aug 4, 2010 12:27am
Quoting TheArcher
tongue- in - cheek ... conspiracy theory No. 672XMCIIV-2010AYRTSU/57103/892MMXCIIIVV :

may be it is political in nature ... we won't hurt ur toyota etc .. if u help us deal with china and korea ... u take a little bit pain ... we' ll help u ... nudge, nudge .. wink, wink .... nod, nod ...

There could be some truth
  • #17,313
  • Aug 4, 2010 12:32am Aug 4, 2010 12:32am
Quoting TheArcher
took a shot from 85.35

target 85.15
You are really daring! Good luck to you
  • #17,314
  • Aug 4, 2010 1:01am Aug 4, 2010 1:01am
Quoting PipMaxzz
You are really daring! Good luck to you
why do u say thus ?

care to share ur view ..

(at that point in time , i was thinking along the macd and histogram (osma) and just another 30 pips to the round number 85.00 , hence the demo-trade )
  • #17,315
  • Aug 4, 2010 1:04am Aug 4, 2010 1:04am
Real Jumper ..

what is ur today's pivot point , new day in NY ..
  • #17,316
  • Aug 4, 2010 1:11am Aug 4, 2010 1:11am
Admin :

I think it might be cool if we have the various markets Time , (Sdyney,Tokyo, London,GMT, NY ) just like the one on Forexlive.com on the top bar ... might help with checking with various time of reports it they were reported in their time .
  • #17,317
  • Aug 4, 2010 1:14am Aug 4, 2010 1:14am
oh dear ... what if it follows the channel ...?

abit worried now ..

histogram (osma) turning up and the divergence ..
Attached Image
  • #17,318
  • Aug 4, 2010 1:17am Aug 4, 2010 1:17am
Quoting TheArcher
why do u say thus ?

care to share ur view ..

(at that point in time , i was thinking along the macd and histogram (osma) and just another 30 pips to the round number 85.00 , hence the demo-trade )
For me it looks oversold. Besides technicals, look at the fundamentals and Yen is at the high and there should be lot of buyers waiting. Japan doesnt want super strong Yen which is hurting their economy. Any upmove will be violent and downward is slow. I dont want to get caught, unless you have tight stop loss.
  • #17,319
  • Aug 4, 2010 1:22am Aug 4, 2010 1:22am
Quoting PipMaxzz
For me it looks oversold. Besides technicals, look at the fundamentals and Yen is at the high and there should be lot of buyers waiting. Japan doesnt want super strong Yen which is hurting their economy. Any upmove will be violent and downward is slow. I dont want to get caught, unless you have tight stop loss.
yes , as so much i gathered .... any way ... now at -13pips ...

to cut or not to cut ... that's the dilemma ..
  • #17,320
  • Aug 4, 2010 1:23am Aug 4, 2010 1:23am
I would buy at this level SL 85.10 1st target 86.25
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