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USD/JPY Discussion

  • #23,081
  • Mar 16, 2011 4:35pm Mar 16, 2011 4:35pm
My greatest concern is how it would appear that the little people are going to be left to rot whilst the big guns in Japanese equities are given the opportunity to get their money out... meanwhile mister and misses honorable, law-abiding, hard-working Japan cannot even use an ATM to get the money that they will need to buy the fresh water that will surely become available from those ready to make a quick Yen due to a failure to provide said water through aid relief. It alway happens.

Always at pains to trade on the misery of others.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #23,082
  • Mar 16, 2011 4:35pm Mar 16, 2011 4:35pm
this is why the Forex needs traders. Sensible people are SOH. Liquidity is withdrawn. Commercials have to pick up the pieces.
  • #23,083
  • Mar 16, 2011 4:36pm Mar 16, 2011 4:36pm
Quoting treadline
where are at now? cant tell as platform is frozen if u look at guppy its over 150 pip spread
Sounds like some shady stuff going on at your broker.

Can somebody explain to me what happened? I see nothing on the news to cause a drop from 80 to 77...... Sidney market just opened, but Tokyo still doesn't open for another 90 minutes, even!
  • #23,084
  • Mar 16, 2011 4:39pm Mar 16, 2011 4:39pm
Inserted Video


Thats why maybe
My signature is: "Classified".
  • #23,085
  • Mar 16, 2011 4:40pm Mar 16, 2011 4:40pm
I'm afraid there's going to be a second round of margin selling when the futures market opens at 6PM EDST.
  • #23,086
  • Mar 16, 2011 4:40pm Mar 16, 2011 4:40pm
Haven't lost really big amount with this but that's ends my trading "career"

Don't tell me this market isn't manipulated by some fuckers when a sudden move like this make a BOJ intervention seems like nothing
  • #23,087
  • Mar 16, 2011 4:42pm Mar 16, 2011 4:42pm
http://www.forexlive.com/173712/all/mayhem-in-usdjpy
Doing what you like is Freedom. Liking what you do is Happiness.
  • #23,088
  • Mar 16, 2011 4:43pm Mar 16, 2011 4:43pm
Quoting yaed
http://www.youtube.com/watch?v=jc_2V...el_video_title

Thats why maybe
Why does bad news about Japan keep making the dollar weaker and the yen stronger? I know Japan is selling off their dollars to cause some of these effects, but is that really causing this enormous phenomenon?
  • #23,089
  • Mar 16, 2011 4:44pm Mar 16, 2011 4:44pm
Tomorrow 80+.. keep it coming, thanks for the sale..

Those freaks will soon have to depart from Japan, who needs their YEN?

I don't.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #23,090
  • Mar 16, 2011 4:45pm Mar 16, 2011 4:45pm
Quoting DhaoS
Haven't lost really big amount with this but that's ends my trading "career"

Don't tell me this market isn't manipulated by some fuckers when a sudden move like this make a BOJ intervention seems like nothing
This break out had been talked about for a while. All those juicy stop losses.
  • #23,091
  • Mar 16, 2011 4:46pm Mar 16, 2011 4:46pm
Quoting 45Condor
My greatest concern is how it would appear that the little people are going to be left to rot whilst the big guns in Japanese equities are given the opportunity to get their money out... meanwhile mister and misses honorable, law-abiding, hard-working Japan cannot even use an ATM to get the money that they will need to buy the fresh water that will surely become available from those ready to make a quick Yen due to a failure to provide said water through aid relief. It alway happens.

Always at pains to trade on the misery of others.
Couldn't agree more. Well said.
  • #23,092
  • Mar 16, 2011 4:46pm Mar 16, 2011 4:46pm
Quoting FFLaguna
Why does bad news about Japan keep making the dollar weaker and the yen stronger? I know Japan is selling off their dollars to cause some of these effects, but is that really causing this enormous phenomenon?

Why do you think japan wants to sell off dollars? They want a strong dollar and a weak yen. so they can buy groceries. This move makes their imports expensive.

They want to print yen.
  • #23,093
  • Mar 16, 2011 4:47pm Mar 16, 2011 4:47pm
Quoting FFLaguna
Why does bad news about Japan keep making the dollar weaker and the yen stronger? I know Japan is selling off their dollars to cause some of these effects, but is that really causing this enormous phenomenon?
Hey im not saying it makes sense or anything. Money as is doesnt make sense even in the slightest, its all f*cked up. Fiat bank notes in a fractional reserve banking system with so much hidden money in derivates not to mention money in the stock market that is quite without grounds. So i mean

Money-----------------------------Value

That divide is HUGE, before 1971 it was more like

Money---Value
My signature is: "Classified".
  • #23,094
  • Mar 16, 2011 4:47pm Mar 16, 2011 4:47pm
http://www.zerohedge.com/
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #23,095
  • Mar 16, 2011 4:48pm Mar 16, 2011 4:48pm
Okay, time to start buying.
  • #23,096
  • Mar 16, 2011 4:48pm Mar 16, 2011 4:48pm
Quoting DhaoS
Haven't lost really big amount with this but that's ends my trading "career"

Don't tell me this market isn't manipulated by some fuckers when a sudden move like this make a BOJ intervention seems like nothing
Sorry to hear that this means the end of your trading career.

Anyway, breaking out below this triangle in a downtrend simply doesn't mean to go long.
For those who think JPY should weaken on fundamentals should think about the following.
Fact is that many corporates will need JPY to rebuild Japan. So JPY weakening? Maybe not. If suddenly everybody needs Japanese Yen to rebuild the country since I assume all will be funded with Japanese Yen then there might come a shortage. Also BoJ isn't really good at their interventions since they could have stopped few days ago the yen strength by simply pushing out to the upside of the triangle.

Just my 2 cents.
Good luck with trading!
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  • #23,097
  • Mar 16, 2011 4:48pm Mar 16, 2011 4:48pm
I think it has something to do with this:

A US agency helping Japan tackle its nuclear crisis at a stricken nuclear power plant says there is no water in one of the reactor's pools, leading to "extremely high" radiation levels.

ahhh ... meltdown anyone?

best of luck to those on West Coast USA
  • #23,098
  • Mar 16, 2011 4:48pm Mar 16, 2011 4:48pm
http://www.forexfactory.com/showpost...ostcount=22630
;-)
  • #23,099
  • Mar 16, 2011 4:48pm Mar 16, 2011 4:48pm
Quoting DhaoS
Haven't lost really big amount with this but that's ends my trading "career"

Don't tell me this market isn't manipulated by some fuckers when a sudden move like this make a BOJ intervention seems like nothing
ur career will take ur NO WHERE if u have no protection sl orders. sorry mate, u failed.

i had my lessons.
More than a hobby. Never a game. US Client at 1:50.
  • #23,100
  • Mar 16, 2011 4:49pm Mar 16, 2011 4:49pm
Quoting DhaoS
Haven't lost really big amount with this but that's ends my trading "career"

Don't tell me this market isn't manipulated by some fuckers when a sudden move like this make a BOJ intervention seems like nothing
it was clear. when stocks go strong down then investors buy the carry currency like CHF or JPY. So you saw so strong downtrend. I had to sold jpy and chf crosses.

In this time BOJ don't sell any JPYs but USD. So we had attack on historical minimum and when this support was broken we have not any breaks to achive new minimums. It can be a begining for next minimums. We will have to wait a some time when BOJ will sell JPYs.

For the future: please use SLs.
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