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  • #20,621
  • Oct 24, 2010 11:11pm Oct 24, 2010 11:11pm
Got a link to the clip?

Quoting bablo
Just caught a quick clip of Geithner at the G20 and I'll be a monkey's uncle if that guy doesn't look completely confused.

Almost like he himself can't believe what his speach writers have put down on paper.

Not good...
  • #20,622
  • Oct 24, 2010 11:12pm Oct 24, 2010 11:12pm
Quoting JollyBean
Got a link to the clip?
Actually caught it on Euro SquawkBox on the boob tub...
  • #20,623
  • Oct 24, 2010 11:21pm Oct 24, 2010 11:21pm
Quoting Abouelzelouf
80.80 broke now I think it will move slowely toward 79.75 and we will see if the all time low will hold.
Probably and will be timed for 11-3-10
The Market pays you to be disciplined
  • #20,624
  • Oct 24, 2010 11:39pm Oct 24, 2010 11:39pm
taget 80.30...........
i swear i'm gonna watching closely...
  • #20,625
  • Oct 24, 2010 11:43pm Oct 24, 2010 11:43pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting mima
Probably and will be timed for 11-3-10
Agree with you. Right now, every pullback opportunity will short.Japan is a toothless tiger.No matter how loud it roar no one seems to care
Shake it off!Lick the Wound,Prey Again!
  • #20,626
  • Oct 24, 2010 11:57pm Oct 24, 2010 11:57pm
Quoting Hugo Boss
taget 80.30...........
i swear i'm gonna watching closely...
So am I. I didn't expect US$ getting weak this fast right after G20. Looks like JP's not smoothing any more, which might mean JP is up to something big. I want to see what is going to happen when UJ comes down to 80.50 (hopefully it happens today)
  • #20,627
  • Oct 24, 2010 11:57pm Oct 24, 2010 11:57pm
Quoting mima
Probably and will be timed for 11-3-10
At what hour exactly?
just to make sure I am at my computer to collect the pips
  • #20,628
  • Oct 24, 2010 11:58pm Oct 24, 2010 11:58pm
this is another of BOJ step to curb yen strenght : http://www.bloomberg.com/news/2010-1...ster-says.html

but i'm afraid that this news is just a news and there is no action.
  • #20,629
  • Oct 25, 2010 12:09am Oct 25, 2010 12:09am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Quoting yeri
this is another of BOJ step to curb yen strenght : http://www.bloomberg.com/news/2010-1...ster-says.html

but i'm afraid that this news is just a news and there is no action.
Remember BOJ threaten to intervene again and again since Sept 15 I'm sick of hearing it. *xyz*#@ They have loss face and faith among JPY traders and business community.
What a inefficient gov
Shake it off!Lick the Wound,Prey Again!
  • #20,630
  • Oct 25, 2010 12:15am Oct 25, 2010 12:15am
Quoting yeri
this is another of BOJ step to curb yen strenght : http://www.bloomberg.com/news/2010-1...ster-says.html

but i'm afraid that this news is just a news and there is no action.
Bank of Japan "May" Consider Buying Foreign Currency Assets, Minister Says (Bloomberg)


from the headline, we can see it still "may", when "may" become "consider" I wonder where will JPY go , when "consider" become "buying" everything will be too late...?
  • #20,631
  • Oct 25, 2010 12:18am Oct 25, 2010 12:18am
Quoting Megara
Remember BOJ threaten to intervene again and again since Sept 15 I'm sick of hearing it. *xyz*#@ They have loss face and faith among JPY traders and business community.
What a inefficient gov
i think we all think the same think like you are.
  • #20,632
  • Oct 25, 2010 12:40am Oct 25, 2010 12:40am
Guys you can't keep blaming the bank of Japan because they are not intervening!!!!
Do your work and trade what you see.
Buying and buying usd/jpy is not a bad idea at the end it will go up to around 100 minimum but when no one knows maybe within one or 2 years. if your account can hold drawdown you do this kind of trading, if not you should find another strategy for you, because bank of Japan is not waiting you to buy or working the way you think it is best for you!!!
  • #20,633
  • Oct 25, 2010 12:46am Oct 25, 2010 12:46am
Quoting Abouelzelouf
Guys you can't keep blaming the bank of Japan because they are not intervening!!!!
Do your work and trade what you see.
[color=black][font=Verdana]Buying and buying usd/jpy is not a bad idea at the end it will go up to around 100 minimum but when no one knows maybe within one or 2 years. if your account can hold drawdown you do this kind of trading, if not you should find another strategy for you, because bank of Japan is not waiting you to buy or working the way...

BOJ cannot chalange the market and that is why there is no intervention...
The Market pays you to be disciplined
  • #20,634
  • Oct 25, 2010 12:48am Oct 25, 2010 12:48am
Yup, actually we can not blame BOJ, since they have information that we don't have, and they have many consideration even just for a small step they have a lot of consideration.
  • #20,635
  • Oct 25, 2010 1:00am Oct 25, 2010 1:00am
it touch 80.48, prepare for 79 to breaked.
  • #20,636
  • Oct 25, 2010 1:05am Oct 25, 2010 1:05am
Quoting realjumper
I agree with you up to a point Yeri, but since Sept 15, how many new lows has there been?......including movements of 100 pips in one day? And Noda has done what?......'watched closely'.....and threaten.

The fact is tht USA is in no position to utter a single word about currency intervention, because under Obama USA has been printing dollars hand over fist, under the guise of 'Quantative Easing'........and they are threatening more of the same, and no matter which way you look at it, it is intervention.

The G20 nations have got it all backward....they...
Every single human being out there should be proud of a strong domestic currency against USD.

Now, you can afford to let US citizens work for you and you can sit down and watch your favorite TV show while the ordinary US citizen must work for its USD...

Viva la revolucion, viva Che Guevara !

http://upload.wikimedia.org/wikipedi...ZZZ_wiki13.jpg
________________________________ Errare humanum est
  • #20,637
  • Oct 25, 2010 1:07am Oct 25, 2010 1:07am
Quoting yeri
it touch 80.48, prepare for 79 to breaked.
I agree. I mention a while ago that I would be suprised if this thing reversed without having a crack at the all time low. It seems that the all time low is now almost a certainty. If that's the way we're going to go, that's all good. Just as long as BOJ gives the rhetoric a rest and let this thing find it's own level.

My belief is that most of this movement, and in other pairs as well, is soley due to 'building in' the effects of QE2. Whether Bernanke will have the balls (or the stupidity) to instigate QE2 after the weekends meeting and all that was said, remains to be seen.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,638
  • Oct 25, 2010 1:07am Oct 25, 2010 1:07am
DX has support at 74.11 so UJ is on the way to 79 and beyond...
The Market pays you to be disciplined
  • #20,639
  • Oct 25, 2010 1:08am Oct 25, 2010 1:08am
Daily Chart :
Attached Image (click to enlarge)
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  • #20,640
  • Oct 25, 2010 1:13am Oct 25, 2010 1:13am
Quoting USD-Bear
There's not a lot of technical guidelines to deal with, I just act there where I think chance of getting it fast to BE is possible.
Changed SL to BE @ 80.85
one illusion less, waiting for next level
Don't be a hero. Don't have an ego. Always question yourself
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