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USD/JPY Discussion

  • #23,381
  • Mar 17, 2011 8:14pm Mar 17, 2011 8:14pm
Quoting Beljevina
Looking for potential bottom on UJ at yesterday's high of 81.3 and GY at 130.534. Depends whether or not more selling is done by BoJ and what timeline they're on.

EDIT: Sorry, that should have been 81.131
Here's how I'm trading these in case it helps anyone. I'm basically expecting another set of BoJ JPY selling for the next leg up here. If it doesn't break the TLs, they may not be on my predicted timeline. If it breaks downward, I may be looking to book some profits and buy lower down. Not really advisable to short.
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  • #23,382
  • Mar 17, 2011 8:15pm Mar 17, 2011 8:15pm
Quoting Beljevina
You're not making sense, and you're not posting any useful links, or using any useful language.

And, you're probably confused on longing the yen and longing USDJPY or any spot fx yen cross.
Dude, I said it is on CNBC. Why don't you open your fucking CNBC and read the news????
  • #23,383
  • Mar 17, 2011 8:16pm Mar 17, 2011 8:16pm
Quoting Beljevina
Here's how I'm trading these in case it helps anyone. I'm basically expecting another set of BoJ JPY selling for the next leg up here. If it doesn't break the TLs, they may not be on my predicted timeline. If it breaks downward, I may be looking to book some profits and buy lower down. Not really advisable to short.
Aaaaahhhhhhh!!! My eyes!!!!

haha
  • #23,384
  • Mar 17, 2011 8:20pm Mar 17, 2011 8:20pm
Quoting visser300
Dude, I said it is on CNBC. Why don't you open your fucking CNBC and read the news????
You get your news from CNBC?

Now shhh, adults are talking here. The muppets are down the hall to the left, also known as the EURUSD thread.
  • #23,385
  • Mar 17, 2011 8:26pm Mar 17, 2011 8:26pm
Quoting Beljevina
You get your news from CNBC?

Now shhh, adults are talking here. The muppets are down the hall to the left, also known as the EURUSD thread.
Well said
Doing what you like is Freedom. Liking what you do is Happiness.
  • #23,386
  • Mar 17, 2011 8:29pm Mar 17, 2011 8:29pm
I was looking for info on if ALL of the G7 countries had made their intervention yet. Couldnt find anything, so I closed my position.

Now I find out that each country will make their move when their respective markets open. Will it be a good idea to go long on the EUR and GBP right before those markets open?
motivation
  • #23,387
  • Mar 17, 2011 8:31pm Mar 17, 2011 8:31pm
Analysis: The G7 Ride Again, Collaborating to Fight Yen Rise

The above link is an interesting read
Doing what you like is Freedom. Liking what you do is Happiness.
  • #23,388
  • Mar 17, 2011 8:34pm Mar 17, 2011 8:34pm
Quoting BurgerKing
I waited too long for a good entry.. missed the whole thing.... sometimes, patience does not pay or in this case, does not profit.
Patience does pay off in the long run.... and the whole thing is not over.
  • #23,389
  • Mar 17, 2011 8:35pm Mar 17, 2011 8:35pm
Quoting bravester
(Reuters) - The Group of Seven industrial nations agreed on Friday to jointly intervene in the currency market to stem a sharp yen rise that complicates Japan's battle with the devastation caused by last week's violent earthquake and an unfolding nuclear crisis.
"Given yen moves after the tragic events that hit Japan, the United States, Britain, Canada and the European Central Bank have agreed with Japan to jointly intervene in the currency market," Finance Minister Yoshihiko Noda told reporters.
[b]Japanese...
Commodity currencies may fall triggered by the recission of Japan. Really dont know
  • #23,390
  • Mar 17, 2011 8:38pm Mar 17, 2011 8:38pm
Its so funny as all the speculators ran away. This is once in a life time opportunity as Yen might take another 15 years to see these low levels again
  • #23,391
  • Mar 17, 2011 8:39pm Mar 17, 2011 8:39pm
Quoting mags01
Just woke up to 130 pips of profit from my triggered pending order. It's such a nice way to start the day.
I just woke up as well. got about 1/2 of what you you did before it hit my target. I have mixed feelings; I'm glad as hell to make money while I am sleeping but frustrated I lost out on a big part of that move.
  • #23,392
  • Mar 17, 2011 8:43pm Mar 17, 2011 8:43pm
Quoting Astroman
I just woke up as well. got about 1/2 of what you you did before it hit my target. I have mixed feelings; I'm glad as hell to make money while I am sleeping but frustrated I lost out on a big part of that move.
Never worry about the pips you *could have* made man........be happy with the pips you made, and look for another opportunity later. Got to keep emotions out of trading
Doing what you like is Freedom. Liking what you do is Happiness.
  • #23,393
  • Mar 17, 2011 8:45pm Mar 17, 2011 8:45pm
Quoting Astroman
I just woke up as well. got about 1/2 of what you you did before it hit my target. I have mixed feelings; I'm glad as hell to make money while I am sleeping but frustrated I lost out on a big part of that move.
I am sorry that I made you feel bad. Look at it this way though, You made money, and that is the bottom line. Right? A bird in the hand is worth two in the bush.
  • #23,394
  • Mar 17, 2011 8:47pm Mar 17, 2011 8:47pm
Quoting kzazs
Its so funny as all the speculators ran away. This is once in a life time opportunity as Yen might take another 15 years to see these low levels again
15 years or 6 hours? This is surely not the lowest for the yen.... and judging from the posts here, the speculators never left.
  • #23,395
  • Mar 17, 2011 8:51pm Mar 17, 2011 8:51pm
Quoting realjumper
Never worry about the pips you *could have* made man........be happy with the pips you made, and look for another opportunity later. Got to keep emotions out of trading
Very true.
  • #23,396
  • Mar 17, 2011 8:53pm Mar 17, 2011 8:53pm
Quoting kzazs
Its so funny as all the speculators ran away. This is once in a life time opportunity as Yen might take another 15 years to see these low levels again
What I'm trying to say is that if you observe the market long enough, you will find plenty of opportunities
  • #23,397
  • Mar 17, 2011 8:56pm Mar 17, 2011 8:56pm
Quoting visser300
Dude, I said it is on CNBC. Why don't you open your fucking CNBC and read the news????
I would'nt waste my time. They are the same douche bags that were telling you bank stocks were a great price during the sub prime debacle, buy them now only to watch each one capitulate. They also contain the same minds that tell people like Peter Schiffer, Jim Rogers and co that there is no reason why oil, gold and other commodities are trading at those levels and dont understand why they are long.

Do yourself a favour, spend more time understanding your charts and looking at the fundamental data and not the morons who try to look like they know what they are doing. They are there for the followers who also have no clue but just love to donate their money.

USD/JPY could be up for a 500+ pip day if the other nations keep adding gasoline to this raging inferno of longs. Well done to those who got in early and have banked some solid profits.

RT
  • #23,398
  • Mar 17, 2011 8:57pm Mar 17, 2011 8:57pm
Quoting realjumper
Never worry about the pips you *could have* made man........be happy with the pips you made, and look for another opportunity later. Got to keep emotions out of trading
I hear ya. I feel good but before I went to bed I lowered my TP on my open trade quite a bit.

But I feel good. 64 x 2 I am more than happy with especially while I am sleeping. Had I been a awake at the time I probably would have settled for 20--25 PIPS. Good way to start off the day end end the week.

  • #23,399
  • Mar 17, 2011 9:04pm Mar 17, 2011 9:04pm
Quoting Razor_trader
I would'nt waste my time. They are the same douche bags that were telling you bank stocks were a great price during the sub prime debacle, buy them now only to watch each one capitulate. They also contain the same minds that tell people like Peter Schiffer, Jim Rogers and co that there is no reason why oil, gold and other commodities are trading at those levels and dont understand why they are long.

Do yourself a favour, spend more time understanding your charts and looking at the fundamental data and not the morons who try to look like they know...
Dude, I took half of my profit and let it ride to 84+ and I will dance like a mad man!!!!

Everyone else remember this, BOJ will fuck all of traders who will leave the Yen goes to 7x level. So If you buy U/J above 80.x, I think that's pretty safe.
  • #23,400
  • Mar 17, 2011 9:25pm Mar 17, 2011 9:25pm
I nominate Noda for FF's man of the month...
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