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USD/JPY Discussion

  • #25,321
  • Aug 3, 2011 9:26pm Aug 3, 2011 9:26pm
I just bought the USD/JPY at 78.50

If the Bank of Japan is currently buying, I certainly do not want to trade against those guys, no way!
  • #25,322
  • Aug 3, 2011 9:29pm Aug 3, 2011 9:29pm
OMG! The UJ went up so much. Was that an intervention by the BoJ?
Make your losses in demo. Earn your profits live.
  • #25,323
  • Aug 3, 2011 9:30pm Aug 3, 2011 9:30pm
if u got the guts, current PA looks it can go up alot more. i got the guts will short this pair doubly hard for short position.
  • #25,324
  • Aug 3, 2011 9:31pm Aug 3, 2011 9:31pm
Quoting Mpt
When someone has several billion dollars to move the yen, NO indicator will tell the truth. Again, though, time will tell. In the case of GBPJPY, price is sitting EXACTLY on the long term downward TL.
I just take profit on my gbp/jpy long at ~129.02 as well. Don't like the weekly downtrend resistance line there.
  • #25,325
  • Aug 3, 2011 9:31pm Aug 3, 2011 9:31pm
Quoting tankokjian
if u got the guts, current PA looks it can go up alot more. i got the guts will short this pair doubly hard for short position.

So it will be their billions versus your billions
  • #25,326
  • Aug 3, 2011 9:33pm Aug 3, 2011 9:33pm
What are the chances of QE style purchases coming out of the meeting tomorrow?

1-2 Punch of intervention then Yen printing? They said they must defend these levels at all costs...
Twitter: @TrendersGame
  • #25,327
  • Aug 3, 2011 9:34pm Aug 3, 2011 9:34pm
Quoting Beacon
I just take profit on my gbp/jpy long at ~129.02 as well. Don't like the weekly downtrend resistance line there.
Come on Beacon, no time to be a chicken (no pun intended ), let your GBP/JPY profits roll to the max.
  • #25,328
  • Aug 3, 2011 9:34pm Aug 3, 2011 9:34pm
Quoting Mpt
So it will be their billions versus your billions
LOL...

In since 78.3, trailing stop about 10 behind (tight because I'm in for more lots than normal)
"Don't Panic..."
  • #25,329
  • Aug 3, 2011 9:34pm Aug 3, 2011 9:34pm
that's not having guts, that's just being stupid... come on dude...

put your thinking cap on.

79.47 is next, then 81.59

Quoting tankokjian
if u got the guts, current PA looks it can go up alot more. i got the guts will short this pair doubly hard for short position.
  • #25,330
  • Aug 3, 2011 9:35pm Aug 3, 2011 9:35pm
long position seems to be paying off. already up + 20 pips.

but yet to recover the 130 pips loss !
  • #25,331
  • Aug 3, 2011 9:35pm Aug 3, 2011 9:35pm
Quoting whatfx
get a life my friend. you cannot swear on forums like this, especially when its unprovoked. you obviously like to kick people in the teeth when they are down. better hope you dont find yourself being banned.

i guess your not doing too well as a trader eh ? hence frustration.


all others who tried to help me. thank you.

i will let you guys know how i get along tomorrow. to be honest i had no idea about the boj intervention, been far too busy for the past few days. i dont usually make losses like this, so it took me by surprise. i think...
Come on, just admit you made a huger error, an error that only a rookie would make. 2 minutes after the spike I posted here "patience pays, my longs are in net profit". Did i close my positions? NO. Why not? because I'm not a rookie? Maybe? And doing not too well as a trader? Lol I trade since 2005, member at this forum since 2007. Would I still be here if I lost?

By the way I still haven't closed my longs, UY is past resistance now and will go higher. Let's see were it closes tomorrow, and THEN I will decide what to do. In the meantime I might even add more longs.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #25,332
  • Aug 3, 2011 9:35pm Aug 3, 2011 9:35pm
Quoting Mr Breakout
Come on Beacon, no time to be a chicken (no pun intended ), let your GBP/JPY profits roll to the max.

Agree. That TL is now breaking and should offer support later.
  • #25,333
  • Aug 3, 2011 9:36pm Aug 3, 2011 9:36pm
+ 27 pips, come on YEN, up you go, go get it boy!
  • #25,334
  • Aug 3, 2011 9:36pm Aug 3, 2011 9:36pm
leaving money on the table there

131.40 next stop - u shoulda booked in profits and let it ride.

Quoting Beacon
I just take profit on my gbp/jpy long at ~129.02 as well. Don't like the weekly downtrend resistance line there.
  • #25,335
  • Aug 3, 2011 9:39pm Aug 3, 2011 9:39pm
waiting for the retracement. zzzz miss the boat.
  • #25,336
  • Aug 3, 2011 9:39pm Aug 3, 2011 9:39pm
The last intervention had support from many other central banks. This time only the BOJ (and maybe their mates at SNB). So how far will this go?
  • #25,337
  • Aug 3, 2011 9:39pm Aug 3, 2011 9:39pm
today is world-wide intervention-festival!

this pig cannot be slaughtered for ever... or can it?
  • #25,338
  • Aug 3, 2011 9:42pm Aug 3, 2011 9:42pm
Stopped out at 78.8

Glad I put a tight leash on that thing..
"Don't Panic..."
  • #25,339
  • Aug 3, 2011 9:42pm Aug 3, 2011 9:42pm
Has it hit a wall at 79.0 ?????????????
FXsniper Pips This Month: -791
  • #25,340
  • Aug 3, 2011 9:44pm Aug 3, 2011 9:44pm
give it time, it'll go sideways for a few hours then push back up again.

first target daily 50EMA, then daily 200EMA

Quoting paulw
Has it hit a wall at 79.0 ?????????????
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