hope this top push its down... have sl at 75...
- #285,662
- Aug 25, 2010 1:51am Aug 25, 2010 1:51am
- Joined Apr 2009 | Status: Live and learn. | 25,161 Posts
"If The Fool persists in his Folly he will become wise." - William Blake
- #285,663
- Aug 25, 2010 1:55am Aug 25, 2010 1:55am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #285,664
- Aug 25, 2010 1:56am Aug 25, 2010 1:56am
- | Joined Jan 2009 | Status: Trader | 3,071 Posts
My dirty h4 trend line:
Are we breaking it?
Are we breaking it?
Be careful guys. 
Looks like the Japanese won't be as stupid as the SNB before. They will intervene, along with introduce monetary easing to boost the economy to scare the shorts into booking their profit and covering their positions.
Kan Holds Emergency Meeting On Rising Yen
TOKYO (Nikkei)--Prime Minister Naoto Kan discussed ways to curb the yen's recent surge Wednesday afternoon, in a meeting with Chief Cabinet Secretary Yoshito Sengoku and Finance Minister Yoshihiko Noda.
Kan is expected shortly to unveil measures to cope with the yen's rise against the dollar and other major currencies, as well as to stimulate an economy that appears to be losing steam, said a Democratic Party of Japan lawmaker who was at a separate meeting with Kan and junior DPJ Diet members earlier in the day.
"Investors' bearish sentiment on both the U.S. and euro zone economies is behind the current weakness of the dollar and the euro, which is putting upward pressure on the yen," Sengoku said at a news conference on Wednesday morning.
If speculators push the yen still higher, triggering a runaway surge, both the Japanese economy and the stability of the nation's financial markets will be seriously undermined, Sengoku said. "We will pay close attention to these possibilities."
At the meeting with lawmakers, Kan said: "I am giving top priority to compiling measures (to stimulate the economy and fight the yen's rise), but the currency market will be unmoved if they are implemented one by one." He added that he will formally unveil a package of these measures shortly, according to a source at the meeting.
The yen traded at around 84.30 to the dollar in Tokyo on early Wednesday afternoon.
(The Nikkei Aug. 25 evening edition)
Looks like the Japanese won't be as stupid as the SNB before. They will intervene, along with introduce monetary easing to boost the economy to scare the shorts into booking their profit and covering their positions.
Kan Holds Emergency Meeting On Rising Yen
TOKYO (Nikkei)--Prime Minister Naoto Kan discussed ways to curb the yen's recent surge Wednesday afternoon, in a meeting with Chief Cabinet Secretary Yoshito Sengoku and Finance Minister Yoshihiko Noda.
Kan is expected shortly to unveil measures to cope with the yen's rise against the dollar and other major currencies, as well as to stimulate an economy that appears to be losing steam, said a Democratic Party of Japan lawmaker who was at a separate meeting with Kan and junior DPJ Diet members earlier in the day.
"Investors' bearish sentiment on both the U.S. and euro zone economies is behind the current weakness of the dollar and the euro, which is putting upward pressure on the yen," Sengoku said at a news conference on Wednesday morning.
If speculators push the yen still higher, triggering a runaway surge, both the Japanese economy and the stability of the nation's financial markets will be seriously undermined, Sengoku said. "We will pay close attention to these possibilities."
At the meeting with lawmakers, Kan said: "I am giving top priority to compiling measures (to stimulate the economy and fight the yen's rise), but the currency market will be unmoved if they are implemented one by one." He added that he will formally unveil a package of these measures shortly, according to a source at the meeting.
The yen traded at around 84.30 to the dollar in Tokyo on early Wednesday afternoon.
(The Nikkei Aug. 25 evening edition)
- #285,668
- Aug 25, 2010 2:04am Aug 25, 2010 2:04am
- Joined Apr 2009 | Status: Trader | 4,214 Posts
watch oil futures to tip Frankie's hand - he likes to gas up his Beamer first thing in the mornin - buy oil gotta sell USD - oil up dollar down - long scalps paid
seems it just can't get above the importnat 1.2675 level
- #285,671
- Aug 25, 2010 2:12am Aug 25, 2010 2:12am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
- #285,672
- Aug 25, 2010 2:14am Aug 25, 2010 2:14am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #285,674
- Aug 25, 2010 2:20am Aug 25, 2010 2:20am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
Mornin traders
My outlook stays bearish for today with 1.292x as the right shoulder of the SHS pattern on the H4 chart. I will be waiting for a bounce of 1.2730 for my sell entry.
Attachment
Good luck
- #285,678
- Aug 25, 2010 2:29am Aug 25, 2010 2:29am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #285,679
- Aug 25, 2010 2:29am Aug 25, 2010 2:29am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
I consider pair is rangeing 1.2625 - 1.2665. But no wonder when markets are ****ed like yesterday
Opposite directions GU/EG confirms it. Easy scalps until it breaks.
Opposite directions GU/EG confirms it. Easy scalps until it breaks.
They think they are smarter than I am.
- #285,680
- Aug 25, 2010 2:32am Aug 25, 2010 2:32am
- Joined Apr 2009 | Status: Live and learn. | 25,161 Posts
"If The Fool persists in his Folly he will become wise." - William Blake