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USD/JPY Discussion

  • #22,561
  • Mar 11, 2011 1:30am Mar 11, 2011 1:30am
Yeah, people are dying but I still need to pay my mortgages so I gonna short the yen to hell, pal. If yen let me make enough money, I might donate some money to save Japanese souls, buddy.
  • #22,562
  • Mar 11, 2011 1:36am Mar 11, 2011 1:36am
Quoting visser300
Yeah, people are dying but I still need to pay my mortgages so I gonna short the yen to hell, pal. If yen let me make enough money, I might donate some money to save Japanese souls, buddy.
why yen goes south now? any idea?
  • #22,563
  • Mar 11, 2011 1:39am Mar 11, 2011 1:39am
I was wondering the same thing -- any idea why the sudden dropoff?

This earthquake is looking horrible
  • #22,564
  • Mar 11, 2011 1:39am Mar 11, 2011 1:39am
Quoting tkhlam
why yen goes south now? any idea?

It looks up on the H1 for a bit...if you want to get in on this current candle retrace you can get great R:R

Targets are the green lines! go get em
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  • #22,565
  • Mar 11, 2011 1:39am Mar 11, 2011 1:39am
Quoting visser300
If yen let me make enough money, I might donate some money to save Japanese souls, buddy.
I thought about that too, but i am just too shaken now to have a clear enough mind to trade.

I'm not judging anyone.
  • #22,566
  • Mar 11, 2011 1:40am Mar 11, 2011 1:40am
Quoting visser300
Yeah, people are dying but I still need to pay my mortgages so I gonna short the yen to hell, pal. If yen let me make enough money, I might donate some money to save Japanese souls, buddy.

umm..good luck on the short. Not the most sensitive comment I have read.....have some class.
  • #22,567
  • Edited 1:55am Mar 11, 2011 1:44am | Edited 1:55am
for you crazy guys hop in with the stop at the red. targets green...should be good....nature vs fibs lol

Edit-no go....this candle just confirmed short!

Crazy earthquakes
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  • #22,568
  • Mar 11, 2011 2:38am Mar 11, 2011 2:38am
Time to long USDJPY?
  • #22,569
  • Mar 11, 2011 2:48am Mar 11, 2011 2:48am
Quoting tkhlam
Time to long USDJPY?
It does seem weird that it's not rallying. Any insight on this? I was thinking something like profit taking by large institutions but that would have the opposite effect.

Maybe I haven't traded natural disasters enough to know but isn't it almost guaranteed that it's going to rally? With destruction like this I can't see how the JPY is going to appreciate; it should have the complete and utter opposite effect, right? (ie: strong rally on USDJPY)
  • #22,570
  • Mar 11, 2011 2:48am Mar 11, 2011 2:48am
Quoting visser300
Yeah, people are dying but I still need to pay my mortgages so I gonna short the yen to hell, pal. If yen let me make enough money, I might donate some money to save Japanese souls, buddy.
You will get burned badly if you think it's that easy.....

Everyone and their grandparants are trying to sell the Yen - think outside the box.

Not to say the Yen won't weaken but given the general negative yen atmosphere I expect otherwise.


Everyone can't make money.
  • #22,571
  • Mar 11, 2011 2:57am Mar 11, 2011 2:57am
Quoting Warwick
You will get burned badly if you think it's that easy.....

Everyone and their grandparants are trying to sell the Yen - think outside the box.

Not to say the Yen won't weaken but given the general negative yen atmosphere I expect otherwise.


Everyone can't make money.
True story, I saw the Yen going down and I was like wtf......so I hedge my position, ate the loss, took the hedge off on top......and made over 100% of what i wanted out of the original trade as people re-bought Yen!
  • #22,572
  • Mar 11, 2011 3:11am Mar 11, 2011 3:11am
Quoting Brennan
Any insight on this? I was thinking something like profit taking by large institutions
Im baffled myself, but i think your right. It may have been institutional profit taking and the sudden strength of E/U helping H1 chart turn bearish..
  • #22,573
  • Mar 11, 2011 3:21am Mar 11, 2011 3:21am
i got burnt already, cant figure out whats going on. i cant see how yen is going to appreciate , for me long would be wise.
  • #22,574
  • Mar 11, 2011 3:27am Mar 11, 2011 3:27am
Quoting lolygagv2
True story, I saw the Yen going down and I was like wtf......so I hedge my position, ate the loss, took the hedge off on top......and made over 100% of what i wanted out of the original trade as people re-bought Yen!
Good job man!

Let's say in the slightly longer term though (max...2 weeks) -- from what I see Japan is going to have one hell of a disaster to recover from, which is going to hurt their economy which is going to devalue the yen. Is my logic pretty intact in thinking being long isn't a bad idea?

At least they had a little warning
  • #22,575
  • Mar 11, 2011 3:37am Mar 11, 2011 3:37am
-
  • #22,576
  • Mar 11, 2011 3:47am Mar 11, 2011 3:47am
Quoting Brennan
It does seem weird that it's not rallying. Any insight on this? I was thinking something like profit taking by large institutions but that would have the opposite effect.

Maybe I haven't traded natural disasters enough to know but isn't it almost guaranteed that it's going to rally? With destruction like this I can't see how the JPY is going to appreciate; it should have the complete and utter opposite effect, right? (ie: strong rally on USDJPY)
I mean short yen both fundamentally and technically.
  • #22,577
  • Mar 11, 2011 3:49am Mar 11, 2011 3:49am
sorry all , i cant understand the rational between USDJPY going north then south ?? shouldnt it be south then north ??
  • #22,578
  • Mar 11, 2011 4:00am Mar 11, 2011 4:00am
It seems that this wedge thing is going to keep going to the bitter end <sigh>

On another note, my heart goes out to the people of Japan in te wake of this terrible earthquake......I hope everyone at ff is safe
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #22,579
  • Mar 11, 2011 4:13am Mar 11, 2011 4:13am
Quoting tkhlam
I mean short yen both fundamentally and technically.
White flag...i'm out...lose 40pips.

Good luck others
  • #22,580
  • Mar 11, 2011 4:16am Mar 11, 2011 4:16am
Slaughtering the Yen shorts ... oh my
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