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USD/JPY Discussion

  • #18,381
  • Sep 7, 2010 10:03am Sep 7, 2010 10:03am
Quoting sidhujag
no mans land?
I think we already saw the LOD, for the rest of the session it will drift in a small triangle formation. No big news-movers today. Unless something unexpected like the final definition of the Aus government and policy. IMHO
  • #18,382
  • Sep 7, 2010 10:05am Sep 7, 2010 10:05am
Never be so sure... a high volume push usually picks up small traders before a retracement then boom all over again
  • #18,383
  • Sep 7, 2010 10:11am Sep 7, 2010 10:11am
Quoting sidhujag
Never be so sure... a high volume push usually picks up small traders before a retracement then boom all over again
No worries, I'm not trading it yet, just saying the movement low looks exhausted to me.
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  • #18,384
  • Sep 7, 2010 10:40am Sep 7, 2010 10:40am
Quoting kandarv
No worries, I'm not trading it yet, just saying the movement low looks exhausted to me.
just curious ... what is that avatar of urs ... ur basic strategy ...?
  • #18,385
  • Sep 7, 2010 10:45am Sep 7, 2010 10:45am
Quoting TheArcher
just curious ... what is that avatar of urs ... ur basic strategy ...?
Not really, I love photography and I took a photo of my screen when I got my Panny GF-1 cut it and put it as my FX avatar, nothing fancy. My basic strategy is mostly based on P.A. and S&R with an outlook to fundamentals.
  • #18,386
  • Sep 7, 2010 10:57am Sep 7, 2010 10:57am
Quoting kandarv
Not really, I love photography and I took a photo of my screen when I got my Panny GF-1 cut it and put it as my FX avatar, nothing fancy. My basic strategy is mostly based on P.A. and S&R with an outlook to fundamentals.
thanks .
  • #18,387
  • Sep 7, 2010 2:31pm Sep 7, 2010 2:31pm
Quoting kandarv
[...] retail traders [...] are supposed to be wrong most of the times.
But not this time! This time I am right! I guarantee!
  • #18,388
  • Sep 7, 2010 8:35pm Sep 7, 2010 8:35pm
Again Noda, but who's buying it?
Quote
September 07, 2010 21:30 ET (01:30 GMT) TOKYO (Dow Jones)--Japan's finance minister reiterated Wednesday that the government would take "decisive" steps against the yen's strength when deemed necessary, after the currency touched a fresh 15-year high versus the dollar overnight.
"We will take decisive steps when necessary," Yoshihiko Noda said during a parliamentary committee session.
  • #18,389
  • Sep 7, 2010 8:42pm Sep 7, 2010 8:42pm
I just realize.... NAOTO KAN is No Action Or Talk Only Kan...
  • #18,390
  • Sep 7, 2010 8:47pm Sep 7, 2010 8:47pm
"We will take decisive steps when necessary," Yoshihiko Noda said during a parliamentary committee session.

He means when the yen threatens parity with the dollar

  • #18,391
  • Sep 7, 2010 9:03pm Sep 7, 2010 9:03pm
If I were China, and I were pissed off at the fiscal irresponsibility of the Obama administration for devaluing my investment in US Debt, and Japan was my arch enemy, well...

I would buy a crap load of Japanese Yen, and let the BOJ buy those worthless dollars to stabilize the Yen.

Make Sense?
  • #18,392
  • Sep 7, 2010 10:33pm Sep 7, 2010 10:33pm
Quoting TheArcher
shot at 83.67

protection at 83.87

target 83.47
still hanging in there ...

protection at 83.88

target 83.50
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  • #18,393
  • Edited Sep 8, 2010 8:54am Sep 7, 2010 10:48pm | Edited Sep 8, 2010 8:54am
took out manually at 83.50

+17 pips
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  • #18,394
  • Edited Sep 8, 2010 8:42am Sep 7, 2010 10:52pm | Edited Sep 8, 2010 8:42am
sigh ... sometimes i get the feeling that all the BigBoys are watching me ... just when i exit they go to where i initially thought it will go .... sigh !

cheeky grin !

ah well, a bird in hand is better than two in the bush .... count the blessings !
  • #18,395
  • Sep 7, 2010 10:53pm Sep 7, 2010 10:53pm
What do you guys think about shorts at the moment? I am so wanting to jump in but these levels are scaring me. I know never to short the lows but we are just above some major stops at 83.35.

Hmmmm...what to do??!!

I wonder when this will puke out and finally reverse?!
  • #18,396
  • Sep 7, 2010 11:00pm Sep 7, 2010 11:00pm
Quoting forexstrah
What do you guys think about shorts at the moment? I am so wanting to jump in but these levels are scaring me. I know never to short the lows but we are just above some major stops at 83.35.

Hmmmm...what to do??!!

I wonder when this will puke out and finally reverse?!
i wouldnt short now
  • #18,397
  • Sep 7, 2010 11:00pm Sep 7, 2010 11:00pm
Quoting PipVip
If I were China, and I were pissed off at the fiscal irresponsibility of the Obama administration for devaluing my investment in US Debt, and Japan was my arch enemy, well...

I would buy a crap load of Japanese Yen, and let the BOJ buy those worthless dollars to stabilize the Yen.

Make Sense?
The art of war my friend the art of war.

First lure them in as a weakling, once accepted make the enemy feel as if they are on top of the mountain then pull the rug out and laugh all the way to the bank.
  • #18,398
  • Sep 7, 2010 11:02pm Sep 7, 2010 11:02pm
Judging by the fact that most large traders are LONG usd/jpy the shit should be hitting the fan soon
  • #18,399
  • Sep 7, 2010 11:03pm Sep 7, 2010 11:03pm
Quoting sidhujag
Judging by the fact that most large traders are LONG usd/jpy the shit should be hitting the fan soon

longs are starting to throw the towel in.......
  • #18,400
  • Sep 7, 2010 11:05pm Sep 7, 2010 11:05pm
wow... 83.33 the lowest so far....

I think they are watching the currency movement "more closely" than just "closely"...
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