If you don't risk, you don't ever have to lose.
- #19,623
- Oct 7, 2010 12:42am Oct 7, 2010 12:42am
- Joined Aug 2008 | Status: Trader | 3,386 Posts
ok, no intervention again, time go to 82,5 (kill last bulls) and tomorrow after bad data we may see 80
GL BoJ
- #19,627
- Oct 7, 2010 12:48am Oct 7, 2010 12:48am
I lost money waiting for the BOJ intervention. Now I am happy being a short. Can get 10-15 pips a few times since yesterday with tight SL.
The more I hear the BOJ snoring the happier I am....
If you don't risk, you don't ever have to lose.
- #19,629
- Oct 7, 2010 12:49am Oct 7, 2010 12:49am
I'm out for this week and likely next week too. The NFP circus, the US QE2 rhetoric, the BOJ and all equity and metal market action in the last month is a path to something ugly. 
Where do you suspect the usdjpy will be about 10/13 next week?
84? 76?
I'm guessing up to 84 due the equity markets slipping...
Where do you suspect the usdjpy will be about 10/13 next week?
84? 76?
I'm guessing up to 84 due the equity markets slipping...
- #19,634
- Oct 7, 2010 12:59am Oct 7, 2010 12:59am
Well lose money or win money, you need to be in as small as possible considering the situation. The Japanese are very cryptic according to Western standards and it doesn't make you any good to be short with a massive positions. Just saying.
- #19,637
- Oct 7, 2010 1:07am Oct 7, 2010 1:07am
Thanks bro! You are right, I hold small positions and keep a tight SL. So far so good. But I wish to go long and as guys agree here Japs are cryptic and I cannot decode what they say
If you don't risk, you don't ever have to lose.
- #19,639
- Oct 7, 2010 1:14am Oct 7, 2010 1:14am
As far as cryptic goes, I think some threads in this place are far more cryptic than MOF or BOJ combined. Some of them don't even know what they're talking about.