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  • #22,721
  • Mar 13, 2011 9:31pm Mar 13, 2011 9:31pm
Quoting latropsudoxe

I still see the Yen weakening to above 83.00 though.
Just the Pivot holding it back for now.
I'ma gonna give it some time....
Attached Image (click to enlarge)
Click to Enlarge Name: yenat the pivot.JPG Size: 66 KB
  • #22,722
  • Mar 13, 2011 9:35pm Mar 13, 2011 9:35pm
Quoting Venice
82.25 is your level to break (DPP), then 82.40 > 82.80.

In reality, this consolidation does look flag'ish, if you don't mind the flag being at half mast anyways... LOL
Thanks!

Yeah, I'm keeping my eye on that flag----ish.
  • #22,723
  • Mar 13, 2011 9:36pm Mar 13, 2011 9:36pm
Soldiers warn of tsunami threat in NE Japan


– 10 mins ago
SOMA, Japan – Soldiers and officials in northeastern Japan are warning residents that the area could be hit by another tsunami and are ordering residents to higher ground.

Sirens around the town of Soma went off late Monday morning and public address systems ordered residents to higher ground.

Kyodo News Agency said the tsunami could be 10 feet (3 meters) high, citing Fukushima prefectural officials.

An Associated Press reporter stood about 100 yards (100 meters) from the coast.

The area was hit by a massive quake and tsunami on Friday.


http://news.yahoo.com/s/ap/20110314/...earthquake_118
  • #22,724
  • Mar 13, 2011 9:38pm Mar 13, 2011 9:38pm
Quoting Venice
82.25 is your level to break (DPP),
I also have my WPP right at that level.
  • #22,725
  • Mar 13, 2011 9:39pm Mar 13, 2011 9:39pm
Quoting Astroman
I also have my WPP right at that level.
im in mixed emotions now, hope they are alright and hope it hit north too.
  • #22,726
  • Mar 13, 2011 9:42pm Mar 13, 2011 9:42pm
well, making money from a world disaster is not morally sound.

i hope those who have made handsome profits, contribute towards the people suffering in japan.
  • #22,727
  • Mar 13, 2011 9:46pm Mar 13, 2011 9:46pm
Quoting bidalufias
well, making money from a world disaster is not morally sound.

i hope those who have made handsome profits, contribute towards the people suffering in japan.

do you mean bear people ?
  • #22,728
  • Mar 13, 2011 9:48pm Mar 13, 2011 9:48pm
Working (making money) and grieving over a tragedy are different things. I can pray and grieve over the devastating tragedy but still jump on the opportunity.

Anyway, price is having a very tough time breaking through 82.25.
  • #22,729
  • Mar 13, 2011 9:49pm Mar 13, 2011 9:49pm
Quoting KillerWhale
I didn't do any position sizing here, I just felt we had hit the bottom and bought massive.

Shamu
I am so jealous. Good for you dude! And I know you have huge lots. Do you still have any open? I hope you haven;t closed them yet...
  • #22,730
  • Mar 13, 2011 9:56pm Mar 13, 2011 9:56pm
Quoting latropsudoxe
Working (making money) and grieving over a tragedy are different things. I can pray and grieve over the devastating tragedy but still jump on the opportunity.

Anyway, price is having a very tough time breaking through 82.25.
If price doesn't break past 8225, THAT will be a tragedy....
....many people will be grieving ....
  • #22,731
  • Mar 13, 2011 9:56pm Mar 13, 2011 9:56pm
Found the most recent article (about the hydrogen blast at reactor 3 at Fukushima Daiichi and the new tsunami after the 5.1 aftershock):

Blast at stricken Japan plant, new tsunami heads for

FUKUSHIMA, Japan (Reuters) – A hydrogen explosion rocked the earthquake-stricken nuclear plant in Japan where authorities have been working desperately to avert a meltdown, while media said a fresh tsunami was heading for the same coastline that was hit last week.

Japan's nuclear agency confirmed there was an explosion at the No. 3 reactor of the Daiichi plant in Fukushima, and TV images showed smoke rising from the facility, 240 km (150 miles) north of Tokyo.

Officials said they could not immediately confirm whether the blast had caused a radioactive leak.

Operators had earlier halted injection of sea water into the reactor, resulting in a rise in radiation levels and pressure. The government had warned that an explosion was possible because of the buildup of hydrogen in the building housing the reactor.

Japan battled through the weekend to prevent a nuclear catastrophe and to care for the millions without power or water in its worst crisis since World War Two, after a huge earthquake and tsunami that likely killed more than 10,000 people.

A badly wounded nation has seen whole villages and towns wiped off the map by a wall of water, leaving in its wake an international humanitarian effort of epic proportions.

Kyodo quoted authorities as saying the new tsunami could be up to a height of three meters and issued an alert for the country's Pacific coast, including Fukushima prefecture.

As the country returned to work on Monday, markets began estimating the huge economic cost, with Japanese stocks plunging around 5 percent and the yen falling against the dollar.


http://news.yahoo.com/s/nm/ts_nm/us_japan_quake
  • #22,732
  • Mar 13, 2011 9:58pm Mar 13, 2011 9:58pm
Quoting toshi
If price doesn't break past 8225, THAT will be a tragedy....
....many people will be grieving ....
lol...

I'd liek to see 82.25 broken soon. I'm off to lunch for now.
  • #22,733
  • Mar 13, 2011 10:05pm Mar 13, 2011 10:05pm
Quoting PipPipPip
I am so jealous. Good for you dude! And I know you have huge lots. Do you still have any open? I hope you haven;t closed them yet...
Almost everything closed. You can't stretch it too far. A few long open still because in time we'll hit 83 again.
But I'm very happy for now.
Big profits for this nice Sunday afternoon / evening.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #22,734
  • Mar 13, 2011 10:05pm Mar 13, 2011 10:05pm
Quoting latropsudoxe
Japan's nuclear agency confirmed there was an explosion at the No. 3 reactor of the Daiichi plant in Fukushima,
and TV images showed smoke rising from the facility, 240 km (150 miles) north of Tokyo.

Officials said they could not immediately confirm whether the blast had caused a radioactive leak.
http://news.yahoo.com/s/nm/ts_nm/us_japan_quake

BTW & FWIW, radiation poisoning is a horrible, painful death and this could be
so very ugly over the coming days that we may not actually ever know how bad.

When Chernobyl went supernova, the russians kept the truth from the public
about how bad the meltdown really was, cause it was really, really bad.

Three Mile Island is still a hush subject to most, even after more than 30 years.

We only know what we're told.

If there is a radioactive cloud coming across the Pacific Ocean next week,
headed toward the US, I wish they would tell us sooner rather than later....
  • #22,735
  • Mar 13, 2011 10:10pm Mar 13, 2011 10:10pm
30km radius round Chernobyl remain inhabitable for over 30 years, thats how bad its is.



Quoting toshi
BTW & FWIW, radiation poisoning is a horrible, painful death and this could be
so very ugly over the coming days that we may not actually ever know how bad.

When Chernobyl went supernova, the russians kept the truth from the public
about how bad the meltdown really was, cause it was really, really bad.

Three Mile Island is still a hush subject to most, even after more than 30 years.

We only know what we're told.

If there is a radioactive cloud coming across the Pacific Ocean next week,
headed toward the US, I wish they would tell...
  • #22,736
  • Mar 13, 2011 10:18pm Mar 13, 2011 10:18pm
I really hope there's no serious meltdown and radiation is kept at safe levels; however, if it is going on, I highly doubt it will be blown in the media. My prayers go out to those in Japan right now. A few of my friends have left Tokyo today and are flying into Incheon, South Korea in a few hours.

BOJ pumping $146 Billion into the system. Just came across Bloomberg. I can't find an article yet.

With the BOJ increasing it's liquidity injection, I would find this to be bearish for the Yen and see that 82.25 is definitely breakable. But it currently looks like the move up is losing steam after bouncing off of 82.40 and failing to break 82.25 - starting to turn lower.

EDIT:

Bloomberg just updated:

Japan Adds $146 Billion to Stabilize Markets After Quake


The Bank of Japan poured a record 12 trillion yen ($146 billion) into the world’s third-biggest economy today as the strongest earthquake in the nation’s history triggered a plunge in stocks and surge in credit risk.

http://www.bloomberg.com/news/2011-0...e-economy.html
  • #22,737
  • Mar 13, 2011 10:27pm Mar 13, 2011 10:27pm
The USD/JPY seems to be turning around now, currently at 82.10 :O


Anyone know what time the BOJ is going to meet?
  • #22,738
  • Mar 13, 2011 10:36pm Mar 13, 2011 10:36pm
Quoting latropsudoxe
The USD/JPY seems to be turning around now, currently at 82.10 :O
Nothing ever goes straight up or straight down....
Even when it weighs 12 trillion tons, it can only fall so fast.

Mr Miyagi says, "...patience Daniel-san, patience.."
  • #22,739
  • Mar 13, 2011 10:38pm Mar 13, 2011 10:38pm
Quoting toshi
Nothing ever goes straight up or straight down....
Even when it weighs 12 trillion tons, it can only fall so fast.

Mr Miyagi says, "...patience Daniel-san, patience.."
Pesky terminal velocity gets in the way. hehe.
  • #22,740
  • Mar 13, 2011 10:39pm Mar 13, 2011 10:39pm
Quoting toshi
Nothing ever goes straight up or straight down....
Even when it weighs 12 trillion tons, it can only fall so fast.

Mr Miyagi says, "...patience Daniel-san, patience.."
Agreed. I'm still bullish on the pair - especially after the 12 trillion yen injection. I'm just figuring out whether I should close my position now and get back in later or hold out and wait. I would hate to see this pair drop down to the 80 level before going back to 83.
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