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USD/JPY Discussion

  • #20,321
  • Oct 18, 2010 8:11pm Oct 18, 2010 8:11pm
Quoting Larseg
Nice one,

I reckon the uncertainty is what they were aiming for and is what they achieved
You could be right....about the only positive thing for this pair at the moment is that it's steady. But being 'steady' is no good to me and you.....we want what Noda doesn't want, ie some volatility.

I'm still sitting on my (speculative) long, which is at be as we speak, but I'm not prepared to place anything else here until I see something worth trading. My long is just to catch any intervention in the unlikely event that Noda carries out his threats, or perhaps this will rise on it's own after the G20 meeting & QE2 announcement.

In the meantime EJ is providing pips!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,322
  • Oct 18, 2010 8:12pm Oct 18, 2010 8:12pm
Quoting Larseg
Trading asia session (atleast for me) needs worse risk reward ratio...

And not to forget leave the computer instead of revenge trading...

Whats your system?

Yeah... this pair has just flat lined for me... I use momentum indicators and price action to determine entry... Should have known it was a bad idea considering the tiny range this pair is running right now.
  • #20,323
  • Oct 18, 2010 8:14pm Oct 18, 2010 8:14pm
Quoting realjumper
http://www.forexlive.com/140159/all/...will-intervene
The BOJ intervened when the index got close to 120 and as its now back above 124, the pressure is probably off.

http://www.boj.or.jp/en/type/stat/bo...0/fx100915.pdf
http://www.boj.or.jp/en/type/stat/bo...0/fx100914.pdf

the day the intervention come wasn't near 120
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #20,324
  • Edited 8:21pm Oct 18, 2010 8:20pm | Edited 8:21pm
Quoting DMA Trader
The BOJ intervened when the index got close to 120 and as its now back above 124, the pressure is probably off.

http://www.boj.or.jp/en/type/stat/bo...0/fx100915.pdf
http://www.boj.or.jp/en/type/stat/bo...0/fx100914.pdf

the day the intervention come wasn't near 120
Yeah you're right.....it was the next day though

http://www.boj.or.jp/en/type/stat/bo...0/fx100916.pdf
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,325
  • Oct 18, 2010 8:28pm Oct 18, 2010 8:28pm
Quoting realjumper
You could be right....about the only positive thing for this pair at the moment is that it's steady. But being 'steady' is no good to me and you.....we want what Noda doesn't want, ie some volatility.

I'm still sitting on my (speculative) long, which is at be as we speak, but I'm not prepared to place anything else here until I see something worth trading. My long is just to catch any intervention in the unlikely event that Noda carries out his threats, or perhaps this will rise on it's own after the G20 meeting & QE2 announcement.

In the meantime...
One thing is for sure, this is a puzzler
Inserted Video
  • #20,326
  • Oct 18, 2010 8:31pm Oct 18, 2010 8:31pm
Quoting Venice
Yeah... this pair has just flat lined for me... I use momentum indicators and price action to determine entry... Should have known it was a bad idea considering the tiny range this pair is running right now.
Yep,

I use 3 different timeframes and if I use indicators I use heiken ashi, just for entry or exit...

I also have the tick counter or as we call it, the volume chart up, just for fun

Coffee time...
  • #20,327
  • Oct 19, 2010 12:00am Oct 19, 2010 12:00am
Quoting TheArcher
http://rt2.it-finance.com/FXStreetLi...12874159798340


will it be bearish descending triangle breaking downwards ?
yesterday was yesterday ....

re-fresh ...

going into range between 81.13 and 81.46 or 81.60 .... ?

if breakout upwards out of 81.46, potential to see 81.72 or 81.95 ..?


http://rt2.it-finance.com/FXStreetLi...12874642612031
...
  • #20,328
  • Oct 19, 2010 12:18am Oct 19, 2010 12:18am
Quoting Forexgogo
FYI,

According to JP newspaper, both Toyota and Nissan CEO officially stated today that they were seriously concerned about Yen's price hike. They also say that Yen needs to be reasonable rates so that they don't have to move their operation abroad -- this can be a threat to JP gov to manipulate yen.

This may be a huge pressure upon JP politicians. I won't go short in UJ from now on
can make them happy by cutting corporate taxes ...

cheeky
  • #20,329
  • Oct 19, 2010 12:21am Oct 19, 2010 12:21am
Quoting realjumper
Yeah you're right.....it was the next day though

http://www.boj.or.jp/en/type/stat/bo...0/fx100916.pdf

My interpretation is the other way round... if you look through all the data..
it is increasing trend towards 124.. it hit 124 a few times in end Sept and hovering at high 123.. after intervention it went down to 120... and now the latest figure is creeping up to low 123..
My thinking is this is Yen index.. the higher it goes.. the stronger the Yen the more reason for BOJ to act..
I am sure BOJMOF does not act on one or two days data.. they will have to see the trends..

My guess is if it hit 124 again and then stays around there... Chances will be very high..


Disclaimer.. my guess is always wrong
  • #20,330
  • Oct 19, 2010 12:24am Oct 19, 2010 12:24am
Quoting Larseg
One thing is for sure, this is a puzzler
http://www.youtube.com/watch?v=MxhD_...layer_embedded
maybe it is just a camera trick .... like magician's hand trick ... with subtle dimension difference ... show us two different sets and seamlessly merging as one ..

cheeky
  • #20,331
  • Oct 19, 2010 12:31am Oct 19, 2010 12:31am
Quoting TheArcher
maybe it is just a camera trick .... like magician's hand trick ... with subtle dimension difference ... show us two different sets and seamlessly merging as one ..

cheeky

ok got .... the small piece they take out comes with hole ... its a different piece ... cut and joined ... just replay at the point where they take it out and put it on top ... the hole appears there ...
  • #20,332
  • Oct 19, 2010 12:32am Oct 19, 2010 12:32am
C'mon
Prices oscillate, trends persist. Trend is your friend.
  • #20,333
  • Oct 19, 2010 12:46am Oct 19, 2010 12:46am
Quoting TheArcher
ok got .... the small piece they take out comes with hole ... its a different piece ... cut and joined ... just replay at the point where they take it out and put it on top ... the hole appears there ...
oops ... my mistake ... he placed it one after another in a different position between 0.08 and 0.13(?) ... still think it could be a trick ... LOL ...whatever .... good entertainment ... mathematically correct or an illusion ... good entertainment ...

cheeky
  • #20,334
  • Oct 19, 2010 12:53am Oct 19, 2010 12:53am
Is the BOJ doing something, why the climb past 81.50. I like the move.
  • #20,335
  • Oct 19, 2010 1:03am Oct 19, 2010 1:03am
Quoting TheArcher
maybe it is just a camera trick .... like magician's hand trick ... with subtle dimension difference ... show us two different sets and seamlessly merging as one ..

cheeky
It is because pieces with angle have different width...
The Market pays you to be disciplined
  • #20,336
  • Oct 19, 2010 1:19am Oct 19, 2010 1:19am
If you look closely the two large peices are different widths and heights; so when they're moved they leave extra height but less width in the bottom right hand corner. Therefore the two small pieces are stacked taller than before and placed snug against the right hand side leaving the hole in the middle. When he places the big bits back where they belong; it leaves a wider; but shorter space for the two smaller pieces so the top one then has to be moved to the left and down into the bottom piece which then closes up the hole....no magic but very cool
  • #20,337
  • Oct 19, 2010 2:41am Oct 19, 2010 2:41am
Quoting TheArcher
maybe it is just a camera trick .... like magician's hand trick ... with subtle dimension difference ... show us two different sets and seamlessly merging as one ..

cheeky

Hehe, I will actually try it...
  • #20,338
  • Oct 19, 2010 3:27am Oct 19, 2010 3:27am
This puzzle really describes the "awaiting attitude" and the expectancies of the Bulls. First they expect something but later they are surprised... but in the end they will say "of course now I understand", but the money will be lost...
this pig cannot be slaughtered for ever... or can it?
  • #20,339
  • Oct 19, 2010 3:31am Oct 19, 2010 3:31am
Quoting georgem
This puzzle really describes the "awaiting attitude" and the expectancies of the Bulls. First they expect something but later they are surprised... but in the end they will say "of course now I understand", but the money will be lost...
But that relates to bears likewise, it's called probability
Prices oscillate, trends persist. Trend is your friend.
  • #20,340
  • Oct 19, 2010 3:39am Oct 19, 2010 3:39am
Quoting jsspmk
But that relates to bears likewise, it's called probability
Yap... but thats why its best to be neither.... Or a bear with bullhorns or something...
this pig cannot be slaughtered for ever... or can it?
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