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USD/JPY Discussion

  • #20,541
  • Oct 22, 2010 8:34am Oct 22, 2010 8:34am
Quoting TheArcher
yes , will it break through the range .... ?

like to hear from VSA practitioners their view
that and WPP @ 81.55 next POI's
Don't be a hero. Don't have an ego. Always question yourself
  • #20,542
  • Oct 22, 2010 8:45am Oct 22, 2010 8:45am
Quoting Forexgogo
I think of another possibility that UJ stays ranging around 81.00 until some real fundamental factors occur, such as primary rate changes. It could stay like this until December or longer....
There's no doubt the strong Yen is helping push Japan into recession. I completely agree with you we may see this range for a while yet. We have the BOJ desperate to weaken the Yen but on the other hand we have the US flirting with the idea of another round of QE, which in turn will have more people running out to buy Yen.


The USDX is at a large support on the weekly TF, so will we see it go crashing through or have a bit of a bounce?
USDX Weekly
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  • #20,543
  • Oct 22, 2010 8:46am Oct 22, 2010 8:46am
Quoting USD-Bear
that and WPP @ 81.55 next POI's
what's WPP ?
  • #20,544
  • Oct 22, 2010 8:47am Oct 22, 2010 8:47am
Quoting TheArcher
what's WPP ?
Weekly Pivot Point
Don't be a hero. Don't have an ego. Always question yourself
  • #20,545
  • Oct 22, 2010 9:00am Oct 22, 2010 9:00am
Quoting USD-Bear
Weekly Pivot Point
It's also Wet Poo Poo.
  • #20,546
  • Oct 22, 2010 9:48am Oct 22, 2010 9:48am
Quoting fosking
There's no doubt the strong Yen is helping push Japan into recession. I completely agree with you we may see this range for a while yet. We have the BOJ desperate to weaken the Yen but on the other hand we have the US flirting with the idea of another round of QE, which in turn will have more people running out to buy Yen.


The USDX is at a large support on the weekly TF, so will we see it go crashing through or have a bit of a bounce?
USDX Weekly
Attachment
...n now take ur good weekend

Inserted Video
  • #20,547
  • Oct 22, 2010 9:54am Oct 22, 2010 9:54am
Quoting TheArcher
yes , will it break through the range .... ?

like to hear from VSA practitioners their view
large accumulation on the hourly chart ... I am in a long and trying to hold . It seems to be basing pretty nicely since october 14th . This kind of base does not lead to a mere 100 pip move .... 85 to 85 on my target
Blogging daily now at www.volume.zone
  • #20,548
  • Oct 22, 2010 9:58am Oct 22, 2010 9:58am
Quoting malcolmb14
large accumulation on the hourly chart ... I am in a long and trying to hold . It seems to be basing pretty nicely since october 14th . This kind of base does not lead to a mere 100 pip move .... 85 to 85 on my target
thank you very much !

so u are seeing a bottom ? why not break down to 79 or less ? why to 85 ?

can u please post a chart with ur inputs on them ..
  • #20,549
  • Edited 10:28am Oct 22, 2010 10:08am | Edited 10:28am
Daily chart
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  • #20,550
  • Oct 22, 2010 10:41am Oct 22, 2010 10:41am
Quoting grashid
...n now take ur good weekend

http://www.youtube.com/watch?v=7xr82RHyCj8
You too my friend, have a great weekend!
  • #20,551
  • Oct 22, 2010 11:00am Oct 22, 2010 11:00am
Quoting TheArcher
thank you very much !

so u are seeing a bottom ? why not break down to 79 or less ? why to 85 ?

can u please post a chart with ur inputs on them ..
It's all about probability & all measure it differently. I am one of the biggest advocates for trend following, but you also have to be realistic & ask yourself where is price heading to? In Ninja's case it was 80 zone for obvious reasons, so the closer price gets to 80 the less attractive it becomes for fresh shorts because realistic reward is too small in relation to risk. Now we also had 3 or more rejections of high 80s so what is the next obvious level to be tested which was rejected not long ago? It is high 85s, so a realistic target is 85 therefore
Prices oscillate, trends persist. Trend is your friend.
  • #20,552
  • Oct 22, 2010 11:00am Oct 22, 2010 11:00am
Hello ,

I have a two question if anyone can help me:

1. Could we execute EA on multiterminal-Accounts ?

2. I am not sure how many platforms i can open on one computer, i have 4 EA on any mt4 platform because of this i have to use 1 account on 1 mt4 platform. Can you tell me how good a computer do I need to open on it 25 mt4 platforms?
I have excellent internet upload 512 and download 512 this is business link.
  • #20,553
  • Oct 22, 2010 11:47am Oct 22, 2010 11:47am
Quoting newnew
Hello ,

I have a two question if anyone can help me:

1. Could we execute EA on multiterminal-Accounts ?

2. I am not sure how many platforms i can open on one computer, i have 4 EA on any mt4 platform because of this i have to use 1 account on 1 mt4 platform. Can you tell me how good a computer do I need to open on it 25 mt4 platforms?
I have excellent internet upload 512 and download 512 this is business link.
I can give you some of the basics around this, but really ... why would you post the same question to 8 different threads ... there's a forum bonton that's pretty basic, and you're not following it. And your questions and likely this answer will find it's way to the recycle bin. And you live in Nieu?

> I am not sure how many platforms i can open on one computer

- As many as the PC can handle.


>how good a computer do I need to open on it 25 mt4 platforms

Not really recommended, while in theory it could work there are other barriers. 99% of the time MT4 sits around doing nothing, unless your EA is driving it really hard. Keep in mind each Mt4 session has to have it's own data stream, so they add up. The 1% reference I left out is when there is huge MT4 tick volume coming in, such as around high impact hews items. Many powerful machines can't handle a few MT4 sessions because of the data throughput and MT4 can seize up - if you're running an EA and depending on something to happen when there aren't any cycles left, you're asking for trouble, MT4 can also freeze if a rogue or improper EA is running. On the current fastest 6 core AMD I wouldn't run more than 10 MT4 sessions - even that's pushing it, but you need to know what your EAs are doing.


> I have excellent internet upload 512 and download 512

The upstream isn't that important (although things like response and ping time are both ways), but download wise having 0.5Mb/s isn't really that fantastic; depends where one is and what's available I suppose. Check www.speedtest.net for a speed test.


Not sure if you're aware, but you can have the same MT4 trading account running across multiple MT4 sessions, either on the same computer or on different computers. Some EAs though may get confused if they reference available trading margin and have target profit percentages. All the references about increasing the amount if incoming data still apply, even if it's the same trading account but accessed through different MT4 sessions.
  • #20,554
  • Oct 22, 2010 12:12pm Oct 22, 2010 12:12pm
Quoting newnew
Hello ,

I have a two question if anyone can help me:

1. Could we execute EA on multiterminal-Accounts ?

2. I am not sure how many platforms i can open on one computer, i have 4 EA on any mt4 platform because of this i have to use 1 account on 1 mt4 platform. Can you tell me how good a computer do I need to open on it 25 mt4 platforms?
I have excellent internet upload 512 and download 512 this is business link.
This is off subject, but...

I don't know any good EA for UJ, such as Megadroid for EU. Does anyone use an EA for UJ? If so what EA are you using?

Sorry to ask about EA, but I'm just curious, even though I don't currently use any EA... (I kinda gave up on EA, even more so after the US regulation changed).
  • #20,555
  • Edited 12:52pm Oct 22, 2010 12:26pm | Edited 12:52pm
Quoting TheArcher
Daily chart
if the longterm descending resistance line has validity...
I'd say any sudden upmove next week will be limited to 83 at the most... depending which day it might even be only 82.5

we might see an intervention going to this level

so I would short an intervention if it touches this descending resistance line.
this pig cannot be slaughtered for ever... or can it?
  • #20,556
  • Edited 1:43pm Oct 22, 2010 1:28pm | Edited 1:43pm
Japanese are Full of Sh*t, they more likely bluffing about high YEN "Problem",

Gimme a f* break, like they don't know how to devaluate inflate and

print??? How about take a look what US FED is doing and duplicate their

"success" of USD devaluation..? Japanese can simply print 5-10% of total

YEN Quantity and sell it for Anything USD/CHF/EUR/GBP? You name it..

They can make lot of money to satisfy those morons, who are wiling

to pay TOP $$$ for useless POS.. Just start printing and selling...

I can devaluate this thing in 24 hours no problems, in case they need any help.

It's also called Emission.. While devaluating YEN, they can kill at list 2

rabbits at ones.. Sell something, which really worth nothing ( at all time

HIGH!!!) and boost

Japanese import and Biz Activity overnight while improving

Employment as well.. I dunno, what the heck they

are waiting for..? At least just announce something like QE2 * 2 and that

be over for YEN..

P.S: Besides after such action YEN could be bought back at much lower prices and some of the

amount destroyed. / Print--->>Sell while it's high, - buy back cheaper and destroy = make money on

exchange rate difference I need that job *LOL*
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #20,557
  • Oct 22, 2010 2:17pm Oct 22, 2010 2:17pm
Quoting SkyzerFX
Japanese are Full of Sh*t, they more likely bluffing about high YEN "Problem",

Gimme a f* break, like they don't know how to devaluate inflate and

print??? How about take a look what US FED is doing and duplicate their

"success" of USD devaluation..? Japanese can simply print 5-10% of total

YEN Quantity and sell it for Anything USD/CHF/EUR/GBP? You name it..

They can make lot of money to satisfy those morons, who are wiling

to pay TOP $$$ for useless POS.. Just start printing and selling...

I can devaluate this thing in 24 hours...
Hey, don't steal my ideas!
How 'bout u 'n I go into bizness making printing presses?
  • #20,558
  • Oct 22, 2010 2:34pm Oct 22, 2010 2:34pm
Quoting Beljevina
I can give you some of the basics around this, but really ... why would you post the same question to 8 different threads ... there's a forum bonton that's pretty basic, and you're not following it. And your questions and likely this answer will find it's way to the recycle bin. And you live in Nieu?

> I am not sure how many platforms i can...
Thank you for answer
I am sory about, I posted the same question to 8 different threads because there are difernt people on difernt threads.

As many as the PC can handle. Yes but which PC I can buy any PC and server I am ready to pay it $10 000 and more but i am not sure How can I choose not to make a mistake.
  • #20,559
  • Oct 22, 2010 2:52pm Oct 22, 2010 2:52pm
Quoting SkyzerFX
Japanese are Full of Sh*t, they more likely bluffing about high YEN "Problem",

Gimme a f* break, like they don't know how to devaluate inflate and

print??? How about take a look what US FED is doing and duplicate their

"success" of USD devaluation..? Japanese can simply print 5-10% of total

YEN Quantity and sell it for Anything USD/CHF/EUR/GBP?
I'm not sure if you're kidding or being serious with all your points ...

I hate to quote Geithner on this, but no country has ever "devalued their way to prosperity." And if it's fixed or held off the initial problem, it creates many more that are harder to arrest. We can put aside all the irony of the US doing the same thing ... they have a lot going for them that other more indebted nations don't have, plus they know they're buying time.

Not sure if you're aware, but Japan did actually do QE about 10 years ago, with 5% of their then GDP. It basically didn't work for various reasons. This article does a great job explaining it: http://blogs.telegraph.co.uk/finance...iled_in_Japan/

If Japan were to create 5% more yen and then purchase USD/GBP/CHF/EUR on a mass state sponsored scale, those currency owners would be mighty upset because 1) the immediate demand would drive their currency up - something no one wants in the current climate but more importantly 2) the value "created" in those foreign currencies isn't real or lasting for the owning state, even if Japan now owns those sums.

Healthy states don't engage in money printing without agreed to money supply principles. Just starting up the printing presses as a solution to a presumably economically and otherwise ailing state, it works even worse. Germany did it pre-WWII, Yugoslavia did it, Zimbabwe is doing it, and all have/will result in collapse. Massive inflation ensued, as they all tacked on zeros, and citizens eventually lose their wealth. As great a society and economic living standard that Japanese have, they are the most indebted nation on earth, with no one having an answer to how they are going to pay their primarily internal debtors back. Printing their way out of a high yen will create further inflation and accelerate the internal indebtedness. Japan could go bust very quickly, just like the other nations I mentioned.

Although Ben & Tim are doing it for the USA, they're hoping it will kick-start equities, and get companies manufacturing, hiring, and exporting. But they also know they will get inflation (like Germany, Yugoslavia, Zimbabwe) which they then believe they will address by hiking interest rates to arrest spending. But, if the spending and economic growth didn't ensue (like it didn't in Germany, Yugoslavia, Zimbabwe) and your citizens and the rest of the world know your currency sucks, the trend is hard to stop. Germany was a powerful state pre-WWII like Japan is today - doesn't matter that one would print currency to spur growth, buy goods or foreign currency, finance a war, or pay external or internal debt with it - eventually, it doesn't work.

I'm not saying I have the answers, but given hopefully everyone has a sense for how intricately complex the $4.2 trillion daily fx transactions in fx are and how it drives price - the relationships that states have in this now greater than ever beyond-border world economic web that is in place - demands more complex solutions than what you suggest, which won't upset the overall balance, and will ultimately work for everyone.
  • #20,560
  • Oct 22, 2010 3:12pm Oct 22, 2010 3:12pm
Quoting Beljevina
I'm not sure if you're kidding or being serious with all your points ...

I hate to quote Geithner on this, but no country has ever "devalued their way to prosperity." And if it's fixed or held off the initial problem, it creates many more that are harder to arrest. We can put aside all the irony of the US doing the same thing ... they have a lot going for them that other more indebted nations don't have, plus they know they're buying time.

Not sure if you're aware, but Japan did actually do QE about 10 years ago, with 5% of their then GDP....
Thank you for this meaningful post.

$4.2 trillion a day fx transactions doesnt look so big to me anymore, once I realized that they are counting the transaction volume..

I mean, lets say if I have 1000$ Account, Leverage 50:1, and I open a position with 100% margin (so it is worth 50'000$ ) and I do this 10 times a day... meaning I open and close the position (counting as two transactions)...
Voila, I created 1 million $ worth of transaction with only 1000$...

Okay, I probably would only create the transaction amount in the servers of my broker not in the real market... but still...the whole thing is something that bugs me, I would really like to know how much money there really is in FOREX.... Transaction Volume is somehow misleading and deceptive... no?
this pig cannot be slaughtered for ever... or can it?
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