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USD/JPY Discussion

  • #18,861
  • Sep 20, 2010 8:53am Sep 20, 2010 8:53am
Quoting Naseri13
ok

still open,

http://www.forexrainbow.com/files/80...58xu166rxt.jpg
Not a good pos
I will close it with +4 +5 pips
A little beginner trader since 2006
  • #18,862
  • Sep 20, 2010 11:05am Sep 20, 2010 11:05am
has the USD/JPY become " Untouchables " ....? ... no-one is even touching it with a long pole ... !

just drifting in the wind the last time it was hoisted up there ....

nothing fancy on the charts .... just channel lines and s/r ..... definitely not Gann !


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  • #18,863
  • Sep 20, 2010 11:09am Sep 20, 2010 11:09am
Quoting Naseri13
Key Reversal Up on Weekly Chart. Market testing combined Upper Tine of Modified Schiff Pitchfork & Downtrend!

by the way, what does the above statement mean ... ?



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  • #18,864
  • Sep 20, 2010 11:14am Sep 20, 2010 11:14am
Quoting TheArcher
has the USD/JPY become " Untouchables " ....? ... no-one is even touching it with a long pole ... !

just drifting in the wind the last time it was hoisted up there ....

nothing fancy on the charts .... just channel lines and s/r ..... definitely not Gann !


.
BoJ is protecting 85.50, even at holiday. Looks like a time bomb and no one wants to be near when it explodes.
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  • #18,865
  • Sep 20, 2010 11:20am Sep 20, 2010 11:20am
Hi ! Naseri13

what is the MAs u use on ur charts ?
thanks .



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  • #18,866
  • Sep 20, 2010 11:46am Sep 20, 2010 11:46am
To me, UJ looks like playing an international political tug-of-war than pure economic tactics. Main players are JP, US, China and Brazil who fight over market intervention. I see JP is struggling with the US that strongly opposes to China's and Brazil's market intervention. How can JP expect to justify their intervention against the US under the circumstance?

Is it fair to say that all the big guys in the market are just observing this international tug-of-war?

The question is, who is going to play smart??? Of course you know the answer already...
  • #18,867
  • Sep 20, 2010 11:49am Sep 20, 2010 11:49am
Quoting Forexgogo

The question is, who is going to play smart??? Of course you know the answer already...
i don't know ... who ?

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  • #18,868
  • Sep 20, 2010 11:55am Sep 20, 2010 11:55am
History tells politicians are never good at "labor" -- by no means any kind of "professionals."

"professionals" always win in the market.
  • #18,869
  • Sep 20, 2010 12:12pm Sep 20, 2010 12:12pm
im using a binary option right now. if UJ manages to get below 85.745 when this hour ends, i get some nice profits hope it works out
  • #18,870
  • Sep 20, 2010 8:52pm Sep 20, 2010 8:52pm
Here I am again, looking over my position which was placed last night backed up with an extremely well developed & backtested system, fully manually, well thought through, perfectly executed, perfectly position sized. I am even on the side BOJ wanted me to be on, assuming I am not alone, should I just leave this in break even and short the crap out of it or should I wait. It looks extremely short, but whoever is guessing are wrong most of the times. If I only had 20 billion to short with now I reckon I would be sweet as. Did I hear 77 again?

BOJ I am waiting for you, if nothing happens soon your word means nothing for me anymore and I know you are reading this so don’t try to hide. We all want money but we need an direction as this can go both ways. If your keen on a bullrun you need to buy with more than 20 billion in the 4 trillion FX market, so are you guys serious or not… Peace..

Sell more yen please…
  • #18,871
  • Sep 20, 2010 8:55pm Sep 20, 2010 8:55pm
Quoting Larseg
Sell more yen please…
Not till after the meeting with Obama (on Thursday isn't it?)
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,872
  • Sep 20, 2010 9:14pm Sep 20, 2010 9:14pm
Quoting realjumper
Not till after the meeting with Obama (on Thursday isn't it?)

Hey buddy,

Haven't heard anything about that. I know there's a holiday in Japan on thursday.

On the 14th 02:32 they bought for 3 minutes (80 pips bull) would be interesting to see their next strategy...

If they are smart they sell it down so the Fibo guys would be happy then really bought it up getting more traders with them by doing this I reckon... hehe...

atleast it would be funnier to watch
  • #18,873
  • Sep 20, 2010 9:21pm Sep 20, 2010 9:21pm
Quoting Larseg
Hey buddy,

Haven't heard anything about that. I know there's a holiday in Japan on thursday.

On the 14th 02:32 they bought for 3 minutes (80 pips bull) would be interesting to see their next strategy...

If they are smart they sell it down so the Fibo guys would be happy then really bought it up getting more traders with them by doing this I reckon... hehe...

atleast it would be funnier to watch
I can't swear on a stack of bibles that I read about the meeting correctly, and I can't find where I read it either.....so I might be full of it!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,874
  • Sep 20, 2010 9:24pm Sep 20, 2010 9:24pm
Quoting realjumper
I can't swear on a stack of bibles that I read about the meeting correctly, and I can't find where I read it either.....so I might be full of it!!

Sure you don't work for the white house



http://e.nikkei.com/e/fr/tnks/Nni20100920D20JFN03.htm
  • #18,875
  • Sep 20, 2010 9:29pm Sep 20, 2010 9:29pm
Quoting realjumper
I can't swear on a stack of bibles that I read about the meeting correctly, and I can't find where I read it either.....so I might be full of it!!
the meeting is on thursday. I was thinking they might make a move and sell yen before the meeting. it might be harder (politically) to do it day of or day after meeting... just a thought
  • #18,876
  • Sep 20, 2010 9:31pm Sep 20, 2010 9:31pm
Quoting Larseg
Sure you don't work for the white house



http://e.nikkei.com/e/fr/tnks/Nni20100920D20JFN03.htm
Shhhhhh
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,877
  • Sep 20, 2010 9:33pm Sep 20, 2010 9:33pm
Quoting forex_newguy
the meeting is on thursday. I was thinking they might make a move and sell yen before the meeting. it might be harder (politically) to do it day of or day after meeting... just a thought
They might, but the intervention last week pissed off a few people in USA so I wonder if pissing off your hosts even more, before the meeting takes place, is a prudent thing to do.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #18,878
  • Sep 20, 2010 10:30pm Sep 20, 2010 10:30pm
Quoting Forexgogo
To me, UJ looks like playing an international political tug-of-war than pure economic tactics. Main players are JP, US, China and Brazil who fight over market intervention. I see JP is struggling with the US that strongly opposes to China's and Brazil's market intervention. How can JP expect to justify their intervention against the US under the circumstance?

Is it fair to say that all the big guys in the market are just observing this international tug-of-war?

The question is, who is going to play smart??? Of course you know the answer already...
Forexgogo, please help me..... what the related between Japan n Brazil? does their currency have a relation?
  • #18,879
  • Sep 20, 2010 10:34pm Sep 20, 2010 10:34pm
Quoting realjumper
They might, but the intervention last week pissed off a few people in USA so I wonder if pissing off your hosts even more, before the meeting takes place, is a prudent thing to do.
better to do it before meeting, rather than after obama tells him how badly he doesnt want BOJ to sell anymore yen .. not that they wont do it, but it will definitely be harder (politically) to do it after obama tells him face to face to stop..
  • #18,880
  • Sep 20, 2010 10:48pm Sep 20, 2010 10:48pm
Quoting forex_newguy
better to do it before meeting, rather than after obama tells him how badly he doesnt want BOJ to sell anymore yen .. not that they wont do it, but it will definitely be harder (politically) to do it after obama tells him face to face to stop..

Pretty sure they are not going to spend much time on Currensee issues but rather nuclear stuff... nikkei.com

and the gaming plan for JPY is already set I reckon...
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