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  • #5,701
  • Apr 14, 2011 3:49am Apr 14, 2011 3:49am
Tempting a long here. Lets see how far it can go.
  • #5,702
  • Apr 14, 2011 4:11am Apr 14, 2011 4:11am
Quoting Tradertuga
Tempting a long here. Lets see how far it can go.
either 120.5 or 118
Verily, in every difficulties there is relief
  • #5,703
  • Apr 14, 2011 4:12am Apr 14, 2011 4:12am
Quoting primzvicious
closed other half for 138 pips

only yesterday short remain from 122 still targeting 118

very nice mate! ....Im still holding it til 118,92 - 1% loss here for me...

Still standing strong! We shall see. Evolving revolving..
  • #5,704
  • Apr 14, 2011 4:15am Apr 14, 2011 4:15am
Quoting 21vs7
very nice mate! ....Im still holding it til 118,92 - 1% loss here for me...

Still standing strong! We shall see. Evolving revolving..

if this bear is strong enough we may see 115 after 118... be carefull
Verily, in every difficulties there is relief
  • #5,705
  • Apr 14, 2011 4:27am Apr 14, 2011 4:27am
Quoting primzvicious

if this bear is strong enough we may see 115 after 118... be carefull
Yes, very strong data on JPY - well, last 3 weeks JPY was sold 6% ag G7. Now up 3% on general. A retrace is stronger than I expected.

If 119.30 stands still-my level on 118,92, we could see another try up to 123-125 levels.

If not, I cash out 1% to the market and start again. Next level for downward pressure imo. is 116,82.
  • #5,706
  • Apr 14, 2011 4:59pm Apr 14, 2011 4:59pm
Quoting primzvicious
closed other half for 138 pips

only yesterday short remain from 122 still targeting 118
sl hit @120.80

now opening a new short
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 28 KB
Verily, in every difficulties there is relief
  • #5,707
  • Apr 14, 2011 8:18pm Apr 14, 2011 8:18pm
Quoting primzvicious

now opening a new short
closed half for 70 pips, other, sl @BE
Verily, in every difficulties there is relief
  • #5,708
  • Apr 14, 2011 8:31pm Apr 14, 2011 8:31pm
ok i think it is enough for me spamming this thread with entry and exit... bubbye
Verily, in every difficulties there is relief
  • #5,709
  • Apr 14, 2011 10:41pm Apr 14, 2011 10:41pm
Quoting primzvicious
ok i think it is enough for me spamming this thread with entry and exit... bubbye

Keep on rocking primzvicious!

have a nice weekend People!
  • #5,710
  • Apr 15, 2011 5:50am Apr 15, 2011 5:50am
I am buying now..
€.
  • #5,711
  • Apr 15, 2011 10:45pm Apr 15, 2011 10:45pm
Quoting Euro
I am buying now..
I'm a buyer as well, look at that fibb.
  • #5,712
  • Apr 15, 2011 11:22pm Apr 15, 2011 11:22pm
To me the EUR/JPY is in a non tested territory at the moment / leg downwards has not been completed yet.
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Bad news out of the euro zone have again resurfaced in the media (what a surprise) and to me it looks like some folks have taken the opportunity to take profits during the wanna be push ups.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd daily.gif Size: 25 KB


Next week may give us a better clue on direction, let's see.

Cheers
  • #5,713
  • Apr 18, 2011 12:08am Apr 18, 2011 12:08am
Quoting 21vs7
Yes, very strong data on JPY - well, last 3 weeks JPY was sold 6% ag G7. Now up 3% on general. A retrace is stronger than I expected.

If 119.30 stands still-my level on 118,92, we could see another try up to 123-125 levels.

If not, I cash out 1% to the market and start again. Next level for downward pressure imo. is 116,82.

Well, still holding it till my SL This trade was a fail (was not an epic one-cus still I went to trade in trend direciton. Retrace is stronger than I suspected.

Will take some time off this cross to get the picture right.
  • #5,714
  • Apr 18, 2011 12:16am Apr 18, 2011 12:16am
Quoting 21vs7
Well, still holding it till my SL This trade was a fail (was not an epic one-cus still I went to trade in trend direciton. Retrace is stronger than I suspected.

Will take some time off this cross to get the picture right.
i think now low risk buying on play targeting 119.78
Verily, in every difficulties there is relief
  • #5,715
  • Apr 18, 2011 12:31am Apr 18, 2011 12:31am
Quoting primzvicious
i think now low risk buying on play targeting 119.78
fail...
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 18 KB
Verily, in every difficulties there is relief
  • #5,716
  • Apr 18, 2011 1:44am Apr 18, 2011 1:44am
Yes...I lost on this trade 1%. Had some troubles also on GBPJPY. JPY crosses are on pressure. Have some good trade on EURUSD thou..Retrace is stronger than I suspected - saying this over and over again

This week EUR on general was sold 0,30% ag G7, meanwhile JPY is 0,49% bought from G7.

Start of a week shows further pressure to the downside.
  • #5,717
  • Apr 18, 2011 3:32am Apr 18, 2011 3:32am
If people fear the default of EU nations with averge public debt of around 60-90%(Greece is the extraordinary one), shouldn't people be worrying more about Japan's 220% public debt ratio? Despite most of the JGB is held by domestic investors, a default would still cause a financial armageddon to Japan and permanently shut it down.

Of course, the anti-euro True Finn's victory in the election is a blow to Euro, but aren't those huge soverign wealth funds still need some kind of diversification from their USD holdings, and Euro is still the best alternative as there isn't a third economy as big as US and Eurozone?

So in long term EUR should be favoured over JPY, isn't it?
  • #5,718
  • Apr 18, 2011 4:33am Apr 18, 2011 4:33am
Quoting Darkforce
If people fear the default of EU nations with averge public debt of around 60-90%(Greece is the extraordinary one), shouldn't people be worrying more about Japan's 220% public debt ratio? Despite most of the JGB is held by domestic investors, a default would still cause a financial armageddon to Japan and permanently shut it down.

Of course, the anti-euro True Finn's victory in the election is a blow to Euro, but aren't those huge soverign wealth funds still need some kind of diversification from their USD holdings, and Euro is still the best...

Japan have "problems" for about, what 20 years now?...by problems I mean public opinion about Japanesse economy. Personally I do not see any problems by them which are severe.
Europe economy is in the same status or at least in the same wave as worlds economy. Only again the plot of the story is for different newspapers, politics and common people to talk about. Behind this is a game! Sorry if Im to direct

G2(meaning USA and China) are in the same relationship for years now. USA will try to sell ultracapitalism in a peacefull way, otherwise Libya will happen also to China and others. Really direct!

As we go back to currencies- JPY is the most bought currency in the world!! Also there is CHF. And this trend will continue. 5 years candless will boost up CHF and JPY for sure. Others are just playing around. As you can see USDJPY-it WAS 250 30 years ago! It will never go back! In the future we shall see USDJPY 20-70 before 150 again!

EURJPY is the same story...as GBPJPY....only dooown in looongterm
  • #5,719
  • Apr 18, 2011 4:51am Apr 18, 2011 4:51am
Quoting 21vs7
Japan have "problems" for about, what 20 years now?...by problems I mean public opinion about Japanesse economy. Personally I do not see any problems by them which are severe.
Europe economy is in the same status or at least in the same wave as worlds economy. Only again the plot of the story is for different newspapers, politics and common people to talk about. Behind this is a game! Sorry if Im to direct

G2(meaning USA and China) are in the same relationship for years now. USA will try to sell ultracapitalism in a peacefull way, otherwise...
Largely agreed, but also, Japanese economy was in a much better shape 15-20 years before, and its population is aging faster than most countries in the world, also this country is sitting on mega volcanos and major earth quake zone, the recent earth quake just remind people how fragile this island is, shouldn't this make it less favourable place for capital inflow?

Maybe the big bull trend for JPY is just like a huge bubble that will eventually burst? What's your call?
  • #5,720
  • Apr 18, 2011 5:09am Apr 18, 2011 5:09am
Quoting Darkforce
Largely agreed, but also, Japanese economy was in a much better shape 15-20 years before, and its population is aging faster than most countries in the world, also this country is sitting on mega volcanos and major earth quake zone, the recent earth quake just remind people how fragile this island is, shouldn't this make it less favourable place for capital inflow?

Maybe the big bull trend for JPY is just like a huge bubble that will eventually burst? What's your call?
Yes. Agree.

We could discuss and agree about everything, still the market sets its way... That is why, I would not bet on JPY as a weak currency in a looonger term (10years). Of course in the prosperity years a carry story occurs and there is a significant pressure to sell the "Morning Sun". Will wait for that and try to trade it weekly.

As we can see it now, JPY is on a buy side and till this is going on, I will never sell it. (Was long JPY 4,3,2,1 week ago) and got burned selling it the last week. Today only on a buy side. Got nice pips oiut of it..

Last week it was bought almost 2% ag. G7, and the show must go on I guess...Still, before that We saw 3 weeks of massive selling of JPY and if this goes on we could be seeing some fundamental shift in currency portfolios.

About huuuge bubble, dont really know...perhaps. I think all trends can be stopped and can be stopped really agressively.
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