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USD/JPY Discussion

  • #22,781
  • Mar 14, 2011 2:35am Mar 14, 2011 2:35am
Don't panic, everyday Japan sees dozens of earth quakes:

United States Geological Survey (USGS)

http://earthquake.usgs.gov/earthquak...quakes_all.php
  • #22,782
  • Mar 14, 2011 2:38am Mar 14, 2011 2:38am
Quoting tankokjian
any one using fibonacci at the moment ??
the market is very boring.
  • #22,783
  • Mar 14, 2011 2:40am Mar 14, 2011 2:40am
Quoting tkhlam
the market is very boring.
lol yeah...but i think we'll see a breakout within the hour with london opening up
  • #22,784
  • Edited 3:05am Mar 14, 2011 2:49am | Edited 3:05am
Quoting fxreza
I think the reason we had a stronger Yen at the market open was because of selling/short selling
on the Nikkei Exchange. As soon as investors realized their cash in Yen is valuable, they sold it to other currencies.

Would like to read about what you think,
-Reza
Reza,

It was a stop hunt.

Pre-asia was quiet with levels close to where we sit now, a little lower actually.

Anyway, those stops (under 8100) have sat there for nearly 4 months
(some also since the start of 2011) and had to get elected at some point.
This risk event was the opportunity to wipe those stops.

Now, a thinking person has to wonder about those sub 80 handle stops that have
been accumulating for, like, forever ! I dunno, like years and what will it take to
trigger those stops ?

I'm reminded of the movie "Knowing" with Nicolas Cage when the earth literally explodes
and the Dollar yen still doesn't move past 80.23 low. What the fuck has to happen
in order to break 80 yen? I'm starting to think it might be the sugar-plum fairy and
just let it go. If it's so widely expected, it might never happen... just because.

Therefore, I look for the long setups until the Earth explodes...


Edit: Let's not forget, the USD/JPY has been in a downtrend for ATLEAST 40 years !

Isn't it about time for a correction ??? WTF ??




Average annual currency exchange rate for the Japanese Yen (Yen per U.S. Dollar) is
shown in this table: 1971 to present.

source: SignalTrend Inc.
Attached Image
  • #22,785
  • Mar 14, 2011 2:50am Mar 14, 2011 2:50am
your are funny , it could break either side . in such volatile market , are we considering as gambling?

http://i1187.photobucket.com/albums/z400/hyip1/cc-1.gif

Quoting toshi
Reza,

I'm reminded of the movie "Knowing" with Nicolas Cage when the earth literally explodes
and the Dollar yen still doesn't move past 80.23 low. What the fuck has to happen
in order to break 80 yen? I'm starting to think it might be the sugar-plum fairy and
just let it go.
  • #22,786
  • Mar 14, 2011 2:57am Mar 14, 2011 2:57am
LETS GOOO LONDONNN!!!!!
  • #22,787
  • Mar 14, 2011 3:07am Mar 14, 2011 3:07am
Quoting latropsudoxe
LETS GOOO LONDONNN!!!!!
seems like going to breakout any second from now....
  • #22,788
  • Mar 14, 2011 3:09am Mar 14, 2011 3:09am
Quoting tankokjian
seems like going to breakout any second from now....
yeah, i'm still waiting. i'd like to see a fakeout to the downside and then a leg up..but that's just me drawing my fantasy out ;P


this yen has been ranging too long on so much news.
  • #22,789
  • Mar 14, 2011 3:14am Mar 14, 2011 3:14am
interesting to see the shorted candlestick doesnt have long needles while the longed ones have(someone must have taken up all the long orders) , or am i thinking too much???



Quoting latropsudoxe
yeah, i'm still waiting. i'd like to see a fakeout to the downside and then a leg up..but that's just me drawing my fantasy out ;P


this yen has been ranging too long on so much news.
  • #22,790
  • Mar 14, 2011 3:22am Mar 14, 2011 3:22am
Toshi,

I agree and do understand what you are referring to. Have in mind that it is easier to accelerate when running downhill than uphill, and there have been several factors including what you mentioned. I don't think the market has any fundamental at the moment to go short, and the big folks know this. Perhaps this was their chance to stop-hunt, and now they hold positions at very attractive entry levels. I personally missed it, but never placed a stop-loss at that level due to this reasoning.

What goes down too fast for no solid fundamtals, comes back up, also vice-versa.

What a movie! If you search deeply, that movie has real anomalies. Unfortunately, the day (not the place) for this earth quake was predicted a while ago based on scientific evidence.


Quoting toshi
Reza,

It was a stop hunt.

Pre-asia was quiet with levels close to where we sit now, a little lower actually.

Anyway, those stops (under 8100) have sat there for nearly 4 months
(some also since the start of 2011) and had to get elected at some point.
This risk event was the opportunity to wipe those stops.

Now, a thinking person has to wonder about those sub 80 handle stops that have
been accumulating for, like, forever ! I dunno, like years and what will it take to
trigger those stops ?

I'm reminded of the movie "Knowing" with Nicolas...
  • #22,791
  • Mar 14, 2011 3:25am Mar 14, 2011 3:25am
Well, we have the USD/JPY currently testing the 82.00 handle. I'm hoping this is a fake-out





edit:

son of a bitch.
  • #22,792
  • Mar 14, 2011 3:28am Mar 14, 2011 3:28am
Quoting fxreza

What a movie! If you search deeply, that movie has real anomalies. Unfortunately, the day (not the place) for this earth quake was predicted a while ago based on scientific evidence.

Oh I know, the ole' 3-11-11 thingy.

Well, I just kinda knew that date would mean more than my milk was getting old.
  • #22,793
  • Mar 14, 2011 3:29am Mar 14, 2011 3:29am
If I don't fall asleep, I'll add more long positions soon!

Quoting latropsudoxe
Well, we have the USD/JPY currently testing the 82.00 handle. I'm hoping this is a fake-out
  • #22,794
  • Mar 14, 2011 3:32am Mar 14, 2011 3:32am
That's just math and possible astrology (although perhaps very complicated for me to understand), we had sun heat-wave warnings a few days before it, and a mysterious yet unproven effects from a planet entering our solar system (also not publically proven yet).

Quoting toshi
Oh I know, the ole' 3-11-11 thingy.

Well, I just kinda knew that date would mean more than my milk was getting old.
  • #22,795
  • Mar 14, 2011 3:33am Mar 14, 2011 3:33am
fucking london..never makes it easy.
  • #22,796
  • Mar 14, 2011 3:40am Mar 14, 2011 3:40am
Quoting latropsudoxe
fucking london..never makes it easy.
I've taken off some. moved the stop to just over break even, like 1 pip point something
on the rest and will let it do whatever. If this wasn't the time and place, so be it.
And if it goes, either way, that's the way it is. Will not fight and argue with the market.


Still have a 82.87 target.

Maybe later today or maybe tomorrow.
  • #22,797
  • Mar 14, 2011 3:44am Mar 14, 2011 3:44am
Quoting toshi
I've taken off some. moved the stop to just over break even, like 1 pip point something
on the rest and will let it do whatever. If this wasn't the time and place, so be it.
And if it goes, either way, that's the way it is. Will not fight and argue with the market.


Still have a 82.87 target.

Maybe later today or maybe tomorrow.
Looks like we've done almost the same thing. I've closed out most of my remaining lots though I've lost some potential profit. My remaining I've put my stop at a tiny bit above breakeven.

Where is this selling coming from
  • #22,798
  • Mar 14, 2011 3:46am Mar 14, 2011 3:46am
Quoting latropsudoxe
Well, we have the USD/JPY currently testing the 82.00 handle. I'm hoping this is a fake-out



edit:

son of a bitch.

LoL.
  • #22,799
  • Mar 14, 2011 3:51am Mar 14, 2011 3:51am
maybe all the nucleur reactors began working , lets hope so.

Quoting latropsudoxe
Looks like we've done almost the same thing. I've closed out most of my remaining lots though I've lost some potential profit. My remaining I've put my stop at a tiny bit above breakeven.

Where is this selling coming from
  • #22,800
  • Mar 14, 2011 3:53am Mar 14, 2011 3:53am
I added another long position, should look back in about two days if limits not reached by then!

Will take a break now,
-Reza
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