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USD/JPY Discussion

  • #17,401
  • Aug 6, 2010 8:47am Aug 6, 2010 8:47am
Will the double bottom hold?
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,402
  • Aug 6, 2010 8:47am Aug 6, 2010 8:47am
BoJ did not intervene since spring 2004.

http://blogs.wsj.com/japanrealtime/2...ance-minister/

"All this means that even if other members of the Prime Minister Naoto Kan’s administration talk tough against yen rises—just as trade minister Masayuki Naoshima did Thursday—that doesn’t necessarily mean that Tokyo is getting closer to intervene for the first time since spring 2004."
  • #17,403
  • Aug 6, 2010 8:48am Aug 6, 2010 8:48am
I wonder how low the dollar will have to go before exports really starts to profit from it. Any thoughts?
  • #17,404
  • Aug 6, 2010 8:51am Aug 6, 2010 8:51am
Quoting WGann
So would you say if tomorrow's NFP was bearish the down trend will continue? My call is that no matter what happens tomorrow, the down trend will be over, becos time expires on Saturday. And I will show you how to trade what I predict.
interesting
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,405
  • Aug 6, 2010 8:54am Aug 6, 2010 8:54am
Quoting yeri
never works because the goverment not intervene directly. i can not believe why the japanese goverment do this. right now i have 40% unrealized loss. i hope this will be turned arround soon.
What was your entry?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,406
  • Aug 6, 2010 9:02am Aug 6, 2010 9:02am
Quoting realjumper
I agree...intervention will be used as an 'emergency' fix.....they really can't afford to intervene directly, and, as has been dicussed over the past couple of days, intervention doesn't work too well in the longer term
Exactly that's why they will only "talk" about intervention until is really necessary. 84.81 is key support on my charts, below is no man's land.
  • #17,407
  • Aug 6, 2010 9:09am Aug 6, 2010 9:09am
Quoting kandarv
Exactly that's why they will only "talk" about intervention until is really necessary. 84.81 is key support on my charts, below is no man's land.
Yep....if the double bottom doesn't hold.....then 84.80 is next....then there's plenty of space until 74.70 (Jan 1995)
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,408
  • Aug 6, 2010 9:11am Aug 6, 2010 9:11am
Quoting WGann
NFP or for that matter any news will only create a temp spike, when the momentum is over the pair will resume to do what it should do. The trend will only reverse when time expires. Think about this as fate and destiny, it will help your trading.
can you plzz explain how can you determine the life of a trend ?

i like the way you stuck your neck and called the end of the trend
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #17,409
  • Aug 6, 2010 11:21am Aug 6, 2010 11:21am
Quoting WGann
So would you say if tomorrow's NFP was bearish the down trend will continue? My call is that no matter what happens tomorrow, the down trend will be over, becos time expires on Saturday. And I will show you how to trade what I predict.
tomorrow is Saturday .

waiting patiently to show us
  • #17,410
  • Aug 6, 2010 11:35am Aug 6, 2010 11:35am
I bought this pair... I believe that we-ve seen the bottom in this pair, as well as in the US Bonds, Notes...2.82% is the previous low in 10-Year notes...

I hope this is also the end of a dollar weaknes in the near term...
  • #17,411
  • Aug 6, 2010 12:55pm Aug 6, 2010 12:55pm
Quoting TheArcher
tomorrow is Saturday .

waiting patiently to show us
Will be posted here:

http://www.forexfactory.com/showthread.php?t=247338
  • #17,412
  • Aug 6, 2010 12:59pm Aug 6, 2010 12:59pm
Quoting blue_z_zz
can you plzz explain how can you determine the life of a trend ?

i like the way you stuck your neck and called the end of the trend
2010-08-07, Geocentric Venus enters Libra 180. From 2010-07-28 to 2010-08-07, Venus moved 11 degrees. Using a scale of 1/3, this equals 3.67 in price, hence the fall from 88.11 to 84.44.
  • #17,413
  • Aug 6, 2010 5:52pm Aug 6, 2010 5:52pm
Quoting WGann
2010-08-07, Geocentric Venus enters Libra 180. From 2010-07-28 to 2010-08-07, Venus moved 11 degrees. Using a scale of 1/3, this equals 3.67 in price, hence the fall from 88.11 to 84.44.
The life of a trend depends on which time frame you are using......yeah, yeah I know...'linear thinking'...but that's the way it is.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,414
  • Aug 6, 2010 9:46pm Aug 6, 2010 9:46pm
Quoting realjumper
Hmmm...I wonder if the problem lays there...It shouldn't, but who knows? My live broker is FXCM(Australia), but I use Wall Street Brokers as my USA based demo account and I run my pivots etc on that account. The pivots seems to agree with other traders pivot levels.....
new york time and panama time should be same , right ...?
  • #17,415
  • Aug 6, 2010 9:52pm Aug 6, 2010 9:52pm
Quoting TheArcher
new york time and panama time should be same , right ...?
I would have thought so....but somethings not right. Did you get that pivot indicator I sent you installed?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #17,416
  • Aug 6, 2010 10:03pm Aug 6, 2010 10:03pm
Quoting realjumper
I would have thought so....but somethings not right. Did you get that pivot indicator I sent you installed?
not yet .
  • #17,417
  • Aug 6, 2010 10:24pm Aug 6, 2010 10:24pm
hmmm ... some reasons put forth ...why the downtrend might be over :

Quoting realjumper
If the downtrend is going to be over, it be soley due to intervention from Japan, which may happen.

Quoting realjumper
Will the double bottom hold?

Quoting kengur
I bought this pair... I believe that we-ve seen the bottom in this pair, as well as in the US Bonds, Notes...2.82% is the previous low in 10-Year notes...

I hope this is also the end of a dollar weaknes in the near term...


Quoting WGann
2010-08-07, Geocentric Venus enters Libra 180. From 2010-07-28 to 2010-08-07, Venus moved 11 degrees. Using a scale of 1/3, this equals 3.67 in price, hence the fall from 88.11 to 84.44.



Quoting WGann
So would you say if tomorrow's NFP was bearish the down trend will continue? My call is that no matter what happens tomorrow, the down trend will be over, becos time expires on Saturday. And I will show you how to trade what I predict.

interesting propositions ....

let's tune in next week for another smashing episode ... !!
  • #17,418
  • Aug 6, 2010 10:30pm Aug 6, 2010 10:30pm
hmmm...

Quoting WGann
2010-08-07, Geocentric Venus enters Libra 180. From 2010-07-28 to 2010-08-07, Venus moved 11 degrees. Using a scale of 1/3, this equals 3.67 in price, hence the fall from 88.11 to 84.44.
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  • #17,419
  • Aug 6, 2010 11:54pm Aug 6, 2010 11:54pm
bullish divergence on most major time frames. monthly weekly, daily.

Is this the bottom, idk but probably a good buy based on r:r.
Its all in the mind.
  • #17,420
  • Aug 7, 2010 12:12am Aug 7, 2010 12:12am
Quoting 5abi
bullish divergence on most major time frames. monthly weekly, daily.

Is this the bottom, idk but probably a good buy based on r:r.
Also a bullsh butterfly.....lets see what Monday brings
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