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  • #411,661
  • Mar 22, 2011 8:20pm Mar 22, 2011 8:20pm
Quoting Beljevina
No signs of shakeout volume yet in EU - 4140 support and 4130 POC is next to hold and look for possible stopping volume, but things are looking fairly bearish for Asia, incl. the pips already traveled being unusual. Even if we go up from this 4160 area, I'd bet Frankfurt will give us a shakeout. Wednesday will definitely be an interesting day ... Oh Lord, just give me trading range ... !

I'd bet Kampo (BoJ emissaries) were buying the yen crosses - the reversal upwards was far too much, incl. the biggest and most enthusiastic reversal in UJ...
possible 150+pips movement on EU and GU i guess
Verily, in every difficulties there is relief
  • #411,662
  • Mar 22, 2011 8:21pm Mar 22, 2011 8:21pm
Also this...

"Reuters are reporting on the latest BOJ data which suggests that the amounts on Friday were much less than originally thought. Of the order of 7.5 billion USD/JPY rather than the 25 billion mentioned on Friday."

Less than a third of what was thought originally. Could have spooked the markets into thinking... well, if they moved it that far with that little, I don't want to be caught short.
  • #411,663
  • Mar 22, 2011 8:23pm Mar 22, 2011 8:23pm
Quoting DarkWolF
Go back on your charts to 18/03 that is central bank intervention 400 pips long in matter of minutes, not that little move that you just seen that is just market movement.
Thank you, good sir.

Typed the question as the candles were forming.
  • #411,664
  • Mar 22, 2011 8:23pm Mar 22, 2011 8:23pm
Quoting OldQuant
Well, there's this, but it shouldn't be causing anything now...

Please be advised that per the Osaka Securities Exchange (OSE), the SPAN margin parameters for Nikkei 225 Index Futures are being increased from ¥270,000/contract to ¥960,000/contract beginning March 28 (effective April 1), for OSE-based positions. As a result, other exchanges may follow suit and increase their margin requirements as well. Please manage your risk accordingly.

So this little excursion is why I sit and let them punch me in the nose (today, 3 times):...
Thus the reasons I sit out of Fundamentals...

I know I ain't smart enough to follow that...little blinkey lights are waaaaaaaaay more my speed....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #411,665
  • Mar 22, 2011 8:23pm Mar 22, 2011 8:23pm
Quoting gatorinla
if we hit there plus a green light i will not be short till the close is rejected.
or i may at 92/95 with a candle
those who can, do. those who cant, talk about those who can
  • #411,666
  • Mar 22, 2011 8:26pm Mar 22, 2011 8:26pm
bought @ 1.41627
  • #411,667
  • Mar 22, 2011 8:26pm Mar 22, 2011 8:26pm
Quoting kenfen69
Thank you, good sir.

Typed the question as the candles were forming.
It is not just the BOJ that will cause movement in the Yen pairs, there are other factors at play also.

Some that will cause Yen strength as well. Which is why the BOJ intervened in the first place to slow those factors down.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #411,668
  • Mar 22, 2011 8:27pm Mar 22, 2011 8:27pm
Quoting OldQuant
The only thing I can see supporting my short (that is, keeping it away from deciding to go long again instead) is that the high freq bid sets are being sold right back down with size right at the front. Over all, it looks to me there's a short accumulation process, on net, going on.
Oh, and BTW, this has continued.
  • #411,669
  • Mar 22, 2011 8:27pm Mar 22, 2011 8:27pm
Quoting Magix
Thus the reasons I sit out of Fundamentals...

I know I ain't smart enough to follow that...little blinkey lights are waaaaaaaaay more my speed....
You and me both man, but still been scalping the piss out of the 'ol girl tonight.
  • #411,670
  • Mar 22, 2011 8:29pm Mar 22, 2011 8:29pm
As expected 411385
  • #411,671
  • Mar 22, 2011 8:29pm Mar 22, 2011 8:29pm
I am starting to short EUR around this level with SL at 1.43.
  • #411,672
  • Mar 22, 2011 8:31pm Mar 22, 2011 8:31pm
Quoting DarkWolF
It is not just the BOJ that will cause movement in the Yen pairs, there are other factors at play also.

Some that will cause Yen strength as well. Which is why the BOJ intervened in the first place to slow those factors down.
Thank you for the enlightenment!

I hadn't, for one second, assumed that anything other than the BOJ could cause Yen pairs to move. You saved me a fortune!
  • #411,673
  • Mar 22, 2011 8:31pm Mar 22, 2011 8:31pm
Quoting Venice
You and me both man, but still been scalping the piss out of the 'ol girl tonight.

>>Nods Head in agreement<<

In so far as I am concerned, it's all bullshit anyways...

Bottom line trading is still the same right...price is going up, be a buyer...price is coming down, be a seller...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #411,674
  • Mar 22, 2011 8:34pm Mar 22, 2011 8:34pm
Quoting Azinvg
ok, ill close it when it hit my tp or my sl, jajaja. Worst advice ever.
still alive?
  • #411,675
  • Mar 22, 2011 8:36pm Mar 22, 2011 8:36pm
Quoting Beacon
I am starting to short EUR around this level with SL at 1.43.
Still a good time for caution: there could well be CB's or other authorities lurking around still, and any pair can become collateral damage in a triangle. Also, if private shorts are being loaded in, there's always "sell high" rallies that just "seem" to appear.
  • #411,676
  • Mar 22, 2011 8:37pm Mar 22, 2011 8:37pm
Quoting kenfen69
Thank you for the enlightenment!

I hadn't, for one second, assumed that anything other than the BOJ could cause Yen pairs to move. You saved me a fortune!
lol
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1
  • #411,677
  • Mar 22, 2011 8:39pm Mar 22, 2011 8:39pm
Cheers!
  • #411,678
  • Mar 22, 2011 8:43pm Mar 22, 2011 8:43pm
h4
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  • #411,679
  • Mar 22, 2011 8:46pm Mar 22, 2011 8:46pm
looks like there might be a chance of heading upwards. depends on 4173. slip and bounce lol. im borrowing gator's terms now
  • #411,680
  • Mar 22, 2011 8:47pm Mar 22, 2011 8:47pm
Hi!

I am new here..

i see a dark cloud cover on Daily chart..

mybe its the end of up trend.. what do you mean?

(sorry for my bad english ^^)
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