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  • #509,001
  • Aug 3, 2011 9:03pm Aug 3, 2011 9:03pm
Be carefull waht they say in news Yes japan Intervented but NFP is coming out dont be surprised to see yen again at its lows..
nothing is impossible and BOJ says they intervented alone hmmm
Take Care Guys
Trade.Wisely
Don't compare your Trades with Others
  • #509,002
  • Aug 3, 2011 9:06pm Aug 3, 2011 9:06pm
Quoting DubaiFX
Be carefull waht they say in news Yes japan Intervented but NFP is coming out dont be surprised to see yen again at its lows..
nothing is impossible and BOJ says they intervented alone hmmm
Take Care Guys
Trade.Wisely
Thanks
Hope
  • #509,003
  • Aug 3, 2011 9:08pm Aug 3, 2011 9:08pm
4290..., longs not done. i know you're sick of me saying it... shorts safe only below 4250.
  • #509,004
  • Aug 3, 2011 9:11pm Aug 3, 2011 9:11pm
Quoting attila
4290..., longs not done. i know you're sick of me saying it... shorts safe only below 4250.
i don't feel safe even @4250. its always risky at these levels.
S/L moved to BE.
Hope
  • #509,005
  • Aug 3, 2011 9:15pm Aug 3, 2011 9:15pm
Quoting KiwiTrada
Very nice bro, green pips makes feel all fuzzy inside

No No not pick top, is dirty word here, wait long time for set up, I enjoy now.

EU AU Cable very nice bars, i pee my pants

nice ya patience is the key!

I hope i didnt wet my bed....
Patience, Emotion Control and Discipline.
  • #509,006
  • Aug 3, 2011 9:21pm Aug 3, 2011 9:21pm
Quoting TheGamer
i don't feel safe even @4250. its always risky at these levels.
S/L moved to BE.
same here....partial banked and sl moved to be...
enjoy the free ride

however below 4250 i am more faithful in my shorts
Patience, Emotion Control and Discipline.
  • #509,007
  • Aug 3, 2011 9:22pm Aug 3, 2011 9:22pm
Quoting attila
4290..., longs not done. i know you're sick of me saying it... shorts safe only below 4250.
you could be right and there is another leg to finish it in an ending diagonal
Attached Image (click to enlarge)
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  • #509,008
  • Aug 3, 2011 9:23pm Aug 3, 2011 9:23pm
looks like london is gonna show the famous foshebro
  • #509,009
  • Aug 3, 2011 9:27pm Aug 3, 2011 9:27pm
Quoting johncen
same here....partial banked and sl moved to be...
enjoy the free ride

however below 4250 i am more faithful in my shorts
i took losses with shorts @ 4250/4350 earlier so i stay more cautious at these levels. i feel safe with longs here.
i might go to bed if it doesn't breaks 4290 within few minutes.
Hope
  • #509,010
  • Aug 3, 2011 9:28pm Aug 3, 2011 9:28pm
Quoting Chicky
Fire your broker. Its not BOJ but Ministry of Finance. Amount not disclosed.

hehe, it wasnt my broker it was an fx dealer at an asian bank. I just going by what i heard from him. There were a few conflicting reports on whether it was boj or mof and if they were selling yen or buying usd. My contact told me it was boj and they were buying Y494 billion of usd/jpy....sure the MOF said they were selling yen, i dont trust gov officials further than i can throw them.
  • #509,011
  • Aug 3, 2011 9:28pm Aug 3, 2011 9:28pm
I don't understand why you guys are so scared of being short here.

The 100 SMA is at 1.4340 on the daily, the hourly is showing some pretty clear lower lows and lower highs.

Even if these trades don't work out, the RR is pretty darn good from the levels prior to the intervention. If your not short from above 1.4345 it may be a better idea to sit on the sidelines though.
  • #509,012
  • Aug 3, 2011 9:40pm Aug 3, 2011 9:40pm
i've been short since 1.4362, been a bit of a drag though watching it, got a target of 1.40615 - targeting daily 200EMA

Quoting Smurf123
I don't understand why you guys are so scared of being short here.

The 100 SMA is at 1.4340 on the daily, the hourly is showing some pretty clear lower lows and lower highs.

Even if these trades don't work out, the RR is pretty darn good from the levels prior to the intervention. If your not short from above 1.4345 it may be a better idea to sit on the sidelines though.
  • #509,013
  • Aug 3, 2011 9:43pm Aug 3, 2011 9:43pm
Quoting TheGamer
i took losses with shorts @ 4250/4350 earlier so i stay more cautious at these levels. i feel safe with longs here.
i might go to bed if it doesn't breaks 4290 within few minutes.
safe trade always the best
I will probabli wait for london open
Patience, Emotion Control and Discipline.
  • #509,014
  • Aug 3, 2011 9:43pm Aug 3, 2011 9:43pm
Quoting Smurf123
I don't understand why you guys are so scared of being short here.

The 100 SMA is at 1.4340 on the daily, the hourly is showing some pretty clear lower lows and lower highs.

Even if these trades don't work out, the RR is pretty darn good from the levels prior to the intervention. If your not short from above 1.4345 it may be a better idea to sit on the sidelines though.
im from 4333. S/L moved to BE. T/P 4220
Hope
  • #509,015
  • Aug 3, 2011 9:44pm Aug 3, 2011 9:44pm
anyways, this intervention tells a HUGE story.....so we all know that friday is NFPs, and, if markets are likely to react to a risk-off scenario, we know that yen and chf will be bought(as they have been for the past few months).

So we have three very important pieces of information that we can use. 1. SNB intervened this week. 2. BOJ intervened as well 3. BOJ and MOF, SNB have been in cooperative talks with the US to discuss possible intervention scenarios.

What can we conclude from all this? boj and snb have already been informed of a very, very dismal NFP report to the extent that they have actively taken steps to prevent a sharp move against their respective currencies. We can assume, with relatively accurate prediction that NFP will be a big risk-off event. Sell AU, NU....
  • #509,016
  • Aug 3, 2011 9:45pm Aug 3, 2011 9:45pm
Quoting SystemFX2011
i've been short since 1.4362, been a bit of a drag though watching it, got a target of 1.40615 - targeting daily 200EMA
If that trade hits your target that would be a monster. I'm short at the 55 with my initial stop at the 70, now moved to BE. I'm targeting the same area.
  • #509,017
  • Aug 3, 2011 9:48pm Aug 3, 2011 9:48pm
Quoting attila
gator IS rich.
richer... im pretty sure he posted he was long 40 lots of uj
  • #509,018
  • Aug 3, 2011 9:50pm Aug 3, 2011 9:50pm
Quoting mfoste1
anyways, this intervention tells a HUGE story.....so we all know that friday is NFPs, and, if markets are likely to react to a risk-off scenario, we know that yen and chf will be bought(as they have been for the past few months).

So we have three very important pieces of information that we can use. 1. SNB intervened this week. 2. BOJ intervened as well 3. BOJ and MOF, SNB have been in cooperative talks with the US to discuss possible intervention scenarios.

What can we conclude from all this? boj and snb have already...
that's exactly my thoughts.
first there were semi-official rumours of BOJ will not intervene before NFP release. and now we have this.

might be they've picked this moment knowing it's gonna be much harder pressure on NFP.

although, all of that is just guessing. we'll se on Friday...
big numbers are our friends...
  • #509,019
  • Aug 3, 2011 9:50pm Aug 3, 2011 9:50pm
possible good NFP data, japan was waited for us green signal, on other hand may very very bad bad enough to break support

edit i missed mfoste1 post
Mohan
  • #509,020
  • Aug 3, 2011 9:52pm Aug 3, 2011 9:52pm
Quoting johncen
safe trade always the best
I will probabli wait for london open
Yep

im going to bed now. will see if i get some chance for longs at evening. Who knows if Trichet gives some hike today.
4333 aint safe but i'll leave it as it is.

Green Pips to you Johncen & all the other Members & Sweet-Dreams to me
Hope
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