Don't stop me guys. I'm going to grab my 82.76 whether Mr Noda likes it or not!
- #21,088
- Nov 2, 2010 6:36am Nov 2, 2010 6:36am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #21,090
- Nov 2, 2010 6:41am Nov 2, 2010 6:41am
- Joined Mar 2009 | Status: Trader | 1,094 Posts
Soon time to buy UJ,
It just sliced through resistance @ 80.85
Already in bro. Higher high and higher lows on lower TF.
- #21,091
- Nov 2, 2010 6:54am Nov 2, 2010 6:54am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
Already in bro. Higher high and higher lows on lower TF.
Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
- #21,092
- Nov 2, 2010 7:21am Nov 2, 2010 7:21am
- | Joined Feb 2010 | Status: Trader | 1,032 Posts
Does anyone take a guess about UJ near future?
My guess is,
(1) if QE2 is much less than expected, UJ keeps climbing slowly and eventually reach 83.00 area in 2-3 weeks. Of course no JP intervention will happen.
(2) if QE2 is big enough to weaken USD very much, UJ may come down to 78-79.00. Then, it bounces to 80-81 area in a week or so -- No intervention. If UJ stays 78-79 for more than a week, JP may intervene, bringing it up to 83-85 area.
What is your guess?
My guess is,
(1) if QE2 is much less than expected, UJ keeps climbing slowly and eventually reach 83.00 area in 2-3 weeks. Of course no JP intervention will happen.
(2) if QE2 is big enough to weaken USD very much, UJ may come down to 78-79.00. Then, it bounces to 80-81 area in a week or so -- No intervention. If UJ stays 78-79 for more than a week, JP may intervene, bringing it up to 83-85 area.
What is your guess?
- #21,093
- Nov 2, 2010 7:28am Nov 2, 2010 7:28am
That's actually a pretty accurate description of what I would expect.
Situation (3) - Shoots up for a few hundreds pips because of "something".
Situation (3) - Shoots up for a few hundreds pips because of "something".
Does anyone take a guess about UJ near future?
My guess is,
(1) if QE2 is much less than expected, UJ keeps climbing slowly and eventually reach 83.00 area in 2-3 weeks. Of course no JP intervention will happen.
(2) if QE2 is big enough to weaken USD very much, UJ may come down to 78-79.00. Then, it bounces to 80-81 area in a week or so -- No intervention. If UJ stays 78-79 for more than a week, JP may intervene, bringing it up to 83-85 area.
What is your guess?
- #21,095
- Nov 2, 2010 7:40am Nov 2, 2010 7:40am
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
Know when to hold em, Know when to fold em!
- #21,097
- Nov 2, 2010 10:04am Nov 2, 2010 10:04am
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
