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USD/JPY Discussion

  • #20,801
  • Oct 28, 2010 6:15am Oct 28, 2010 6:15am
Quoting Larseg
Hi RJ
Yes, this is a big position mate... So I don't like to put SL's where everyone else is...

The aim is below 80.00, SL to BE when around +100 pips

The only real reason is that reversal without touching 80.00 doesn't make sense... I also believe that too many are positioned long for this pair...

Interesting too see how it play's out

77.00 would be nice though
..same mine 79.80 then 78.80 then 76.50
i start my position since 81.80 sell limit hit then will close step by step...good for big lot size as nothing can goes up...
all BS rethoric just to shake all traders..but who care right ?

  • #20,802
  • Oct 28, 2010 6:23am Oct 28, 2010 6:23am
Quoting realjumper
Good luck man.....I understand your reasons, and I can't argue with that at all......I just can't bring myself to take a position either way (other than a very short term trade) until all this QE2, FOMC, NFP and other nonsense is out of the way. I hope it works out for you

Thanks Buddy,

Hopefully it works out, I'll be position free by 11th november.. Thats for sure


Have you read forex focus today?
http://www.djnewsplus.com/ge/al?rnd=qtnM4rRvpcD8sJE6cGFHbg%3D%3D

Going to bed
  • #20,803
  • Oct 28, 2010 6:23am Oct 28, 2010 6:23am
It is almost tired of listening to Noda, but he said to JP newspaper just before:

We haven't changed our stance that we will take necessary actions when it is needed. While we have agreed on avoiding "currency war" at G20, we intend to suppress the extreme price hike of Yen with our intervention, which we don't consider waging currency war at all. We believe our actions will be understood among the international community.

Does this make sense to you? (not to me).

However, Noda stated one interesting thing to a question if JP will intervene again like one in Sep:

The situation is different now than then. Then only Yen was unreasonably strong to USD. Now USD is weak to all other major currencies. The problem to JP is, if Yen stays strong for a long run, which may contribute to deflation. We will take action if that is the case.

I don't quite understand his language, but have an impression that Noda is not just bluffing now. I think I need a "close look" to UJ as Noda says he does.
  • #20,804
  • Oct 28, 2010 6:26am Oct 28, 2010 6:26am
Quoting grashid
..same mine 79.80 then 78.80 then 76.50
i start my position since 81.80 sell limit hit then will close step by step...good for big lot size as nothing can goes up...
all BS rethoric just to shake all traders..but who care right ?

Hi,

I might do something similar instead of moving SL to Break even...
Selling (buying back) down I mean...

But what I should do is probably just add on to the position if 80 breaks... Hmmm...

Hehe, fingers crossed
  • #20,805
  • Oct 28, 2010 6:28am Oct 28, 2010 6:28am
Quoting Larseg
Hi,

I might do something similar instead of moving SL to Break even...
Selling (buying back) down I mean...

But what I should do is probably just add on to the position if 80 breaks... Hmmm...

Hehe, fingers crossed
yup..let play out..nice up n down scalping with big lot...less noisy n i like UJ...

81.80 i put SL @ BE+5, n if hit i dun mine...sclping already make me huge profit...

ok bb in NY..take care
  • #20,806
  • Oct 28, 2010 6:33am Oct 28, 2010 6:33am
Quoting Larseg
Thanks Buddy,

Hopefully it works out, I'll be position free by 11th november.. Thats for sure


Have you read forex focus today?
http://www.djnewsplus.com/ge/al?rnd=qtnM4rRvpcD8sJE6cGFHbg%3D%3D

Going to bed
Yes, I've been reading that
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,807
  • Oct 28, 2010 8:09am Oct 28, 2010 8:09am
qualifier : nothing is set in stone ...

but ,

classic TA dictates that double/triple bottom or inverse head and shoulders 'should' play out to qualify for a long time trend to reverse ...

is the sign appearing .... ?
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  • #20,808
  • Oct 28, 2010 9:56am Oct 28, 2010 9:56am
trying to figure this out ....

if unemployment claims are is green , it means it is good for its currency . that means USD should cost more . therefore one must pay more yen to secure the USD. therefore the chart UJ must go up ...

but the chart went down ! meaning the Yen is stronger than USD .

now this puzzling .... ?
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  • #20,809
  • Oct 28, 2010 10:09am Oct 28, 2010 10:09am
Quoting TheArcher
trying to figure this out ....

if unemployment claims are is green , it means it is good for its currency . that means USD should cost more . therefore one must pay more yen to secure the USD. therefore the chart UJ must go up ...

but the chart went down ! meaning the Yen is stronger than USD .

now this puzzling .... ?
Rather than Yen being strong, USD is getting weak, I think -- see EU.
  • #20,810
  • Oct 28, 2010 11:11am Oct 28, 2010 11:11am
Quoting Forexgogo
Rather than Yen being strong, USD is getting weak, I think -- see EU.
yeah , right : another way of putting it .

what does this mean ? US is going the way of Greece ... the mighty US in no more ... the sunset for the US ?
  • #20,811
  • Oct 28, 2010 12:05pm Oct 28, 2010 12:05pm
Quoting TheArcher
yeah , right : another way of putting it .

what does this mean ? US is going the way of Greece ... the mighty US in no more ... the sunset for the US ?
It is about speculations upon QE2 11/3, I think.
  • #20,812
  • Oct 28, 2010 12:23pm Oct 28, 2010 12:23pm
The United States, burdened with a massive trade gap with China, is the leading critic of Beijing's currency policy. Washington accuses China of keeping the yuan undervalued to make its exports cheaper and gain an unfair trade advantage.

However, many emerging markets including China suspect that the United States is deliberately allowing the dollar to flounder on currency markets so that it can export its way back to prosperity.

---------

huh ?? !! --- a bunch of teenagers running the countries ???

(maybe this is an insult to teenagers ,who more mature and responsible these days ... Cheeky )

imagine ... all wearing half pants like school boys fighting over marbles !!
  • #20,813
  • Oct 28, 2010 12:48pm Oct 28, 2010 12:48pm
Bottom line is Labor. Businessmen profits from Cheap Labor. This is why many US companies have products manufactured in China.

China has a HUGE advantage in this field. And right now, USA wants Chinese Labor to be as expensive as US laborers indirectly by telling China to appreciate the YUAN ?
  • #20,814
  • Oct 28, 2010 12:53pm Oct 28, 2010 12:53pm
This is my long term view :

I see stoping Volume on good Sup down and i expext Up to my long term target next week..


Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #20,815
  • Oct 28, 2010 1:02pm Oct 28, 2010 1:02pm
Quoting Petar_Serbia
This is my long term view :

I see stoping Volume on good Sup down and i expext Up to my long term target next week..


Cheers

Petar
can u zoom in ur above chart so that the price reversal and the volume spike are seen .

1)everytime there is spike up or down of price with large volume surge , it means the price will move in the opposite direction to the spike .. is this correct ... ?


2) stopping volume : volume spike that stops the current trend and reverses the price in the opposite direction .... is this also correct ?
thanks
  • #20,816
  • Oct 28, 2010 2:32pm Oct 28, 2010 2:32pm
Quoting realjumper
Yes, I've been reading that

Morning!

Yes, I like Hastings. He knows his stuff and is also a good writer so not so boring to read
  • #20,817
  • Oct 28, 2010 4:09pm Oct 28, 2010 4:09pm
Historically speaking, JP gov holds such a colonial mentality to the US... How are they going to welcome the president of the US on their homeland, if they intervene with the market and ruin QE2??

Neither Kan nor Noda have such guts...
  • #20,818
  • Oct 28, 2010 9:32pm Oct 28, 2010 9:32pm
Japan Finance Minister: Watching Forex With Great Interest

Noda you the man
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #20,819
  • Oct 28, 2010 9:40pm Oct 28, 2010 9:40pm
Quoting DMA Trader
Japan Finance Minister: Watching Forex With Great Interest

Noda you the man
LOL....he'll be getting square eyes by now, with all this 'watching'......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #20,820
  • Oct 28, 2010 9:50pm Oct 28, 2010 9:50pm
just some doodling ..

hey, i doing something more than Noda ... not only watching , but also doodling ... cheek
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