USD/JPY Discussion | Page 1280 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #25,581
  • Aug 5, 2011 5:07pm Aug 5, 2011 5:07pm
Thanks Mr Breakout

Why did they do it and as traders how can we see which direction the big fish will go?

Anthony
  • #25,582
  • Aug 5, 2011 5:12pm Aug 5, 2011 5:12pm
Quoting antgal23
Thanks Mr Breakout

Why did they do it and as traders how can we see which direction the big fish will go?

Anthony
Which direction the big fish will go?

We cant until their move is made and by then it is too late.

That is why I focus on Fundies; and scalps on the 15 M time frame.
  • #25,583
  • Aug 5, 2011 5:15pm Aug 5, 2011 5:15pm
Quoting Astroman
When has intervention had any lasting effect?
Good point, but I am a day trader and if I can extract 100 pips from the YEN (about $12,700 profit with 10 standard lots) on Sunday and/or Monday I would happy, assuming another BOJ intervention is on its way.

And 12 grand that's a lot of Sushi and Sake if you ask me
Attached Image
  • #25,584
  • Aug 5, 2011 5:23pm Aug 5, 2011 5:23pm
Quoting Astroman
Which direction the big fish will go?

We cant until their move is made and by then it is too late.
Not at all, one huge hourly bar will immediately tell us the whole story, if we know how to confirm the trend...
  • #25,585
  • Aug 5, 2011 7:40pm Aug 5, 2011 7:40pm
Quoting Mr Breakout
Not at all, one huge hourly bar will immediately tell us the whole story, if we know how to confirm the trend...
So on a downward trend you are willing to lose 500 pips just for the fleeting hope that an intervention might take place that might yield 200 pips?
  • #25,586
  • Aug 5, 2011 7:47pm Aug 5, 2011 7:47pm
Quoting Astroman
So on a downward trend you are willing to lose 500 pips just for the fleeting hope that an intervention might take place that might yield 200 pips?
Beg your pardon? Did I ever say that, where???
  • #25,587
  • Aug 5, 2011 7:53pm Aug 5, 2011 7:53pm
Quoting Mr Breakout
Good point, but I am a day trader and if I can extract 100 pips from the YEN (about $12,700 profit with 10 standard lots) on Sunday and/or Monday I would happy, assuming another BOJ intervention is on its way.
Sorry, that is where I got the impression that is what you meant.
  • #25,588
  • Aug 5, 2011 8:05pm Aug 5, 2011 8:05pm
Quoting Astroman
Sorry, that is where I got the impression that is what you meant.
Oh I see, no problem then Astroman. All I am saying is that if those hot shots in Tokyo make another move on Sunday or Monday, I will follow along and ride the UP trend again, assuming of course I have a buy signal from my system.

Otherwise I will simply look for another trading opportunity, simple as that.

Well enough Forex for today, I have a hot date tonight...

See you all on Sunday then.

Over and out
  • #25,589
  • Aug 5, 2011 8:12pm Aug 5, 2011 8:12pm
I assume you are already long, as I am , on this Pair then, because if you are not and just happen to be lucky enough to be in front of your screen when it happens.....for the most part you will not make much and possibly lose.

Good luck on your hot date.

My wife just went to a friends house to visit.

Thank God.

  • #25,590
  • Aug 5, 2011 8:32pm Aug 5, 2011 8:32pm
Expect this pair to open below 0.7500
Don't get mad, get even!
  • #25,591
  • Aug 5, 2011 8:45pm Aug 5, 2011 8:45pm
I doubt it will have any effect short term.

Long term it is a good thing.

The first things that need to be cut is subsidizing the free worlds defense. We have enough nukes to make us untouchable.

Then, no more foreign aid.
  • #25,592
  • Aug 5, 2011 8:54pm Aug 5, 2011 8:54pm
Quoting Astroman
I doubt it will have any effect short term.

Long term it is a good thing.

The first things that need to be cut is subsidizing the free worlds defense. We have enough nukes to make us untouchable.

Then, no more foreign aid.
Yeah right...
Don't get mad, get even!
  • #25,593
  • Aug 5, 2011 9:05pm Aug 5, 2011 9:05pm
Quoting stulic
Yeah right...
You have no idea of the mood in this country.

The Tea Party, love them or hate them, are just itching for an excuse to stop all monies from flowing overseas. Whether that be in the form of ceasing being the worlds policeman ( a good thing) and stopping all forieghn aid.

The Tea Party owns the Republican party.

This downgrade only empowers them further.
  • #25,594
  • Aug 5, 2011 9:22pm Aug 5, 2011 9:22pm
Are they gonna stop foreign aid to Israel too?
Don't get mad, get even!
  • #25,595
  • Aug 5, 2011 9:26pm Aug 5, 2011 9:26pm
Quoting stulic
Are they gonna stop foreign aid to Israel too?
Never, and I am in total disagreement with that. Shit, Christians have more in common with Muslims than Jews.
  • #25,596
  • Aug 5, 2011 9:54pm Aug 5, 2011 9:54pm
downgrade surely not good..only intervention can save us..and boj wud need to act now, coz we likely to open somewhere at intervention level..unfortunately i ended the week long with usdchf and usdjpy as intervention is likely for these two...i already conceaded..only play is the gap closing trade but its doomed...one can never know in this market so hope still lives on...
  • #25,597
  • Aug 5, 2011 10:33pm Aug 5, 2011 10:33pm
Dont you guys think downgrade will affect USD badly? Some says...the real-life rating is worst than this with all the debts/QEs/political will.

Off course I don't want that to happen... My immediate thoughts, intervening at this point will wash away all the Yen/Franc in this Tsunami.

What you guys think and why? I am learning

May be keep adding small longs at regular intervals (every 100 pips) would give a decent return from here.
  • #25,598
  • Aug 5, 2011 10:37pm Aug 5, 2011 10:37pm
In it's press release a few minutes ago, the Federal reserve board said ...

"For risk-based capital purposes, the risk weights for Treasury securities and other securities issued or guaranteed by the U.S. government, government agencies, and government-sponsored entities will not change. The treatment of Treasury securities and other securities issued or guaranteed by the U.S. government, government agencies, and government-sponsored entities under other federal banking agency regulations, including, for example, the Federal Reserve Board's Regulation W, will also be unaffected."

In other words, what they are saying is "go get stuffed". The Fed will still provide a debt surity as if it were still AAA.
  • #25,599
  • Aug 5, 2011 11:49pm Aug 5, 2011 11:49pm
Quoting Mr Breakout
If BOJ intervenes again on Sunday, at lot of stops are going to be flushed instantly, so watch out for those over-the-weekend Yen positions...
Sunday is impossible ,because it is sunday,
A chart helps those who can read it.
  • #25,600
  • Aug 6, 2011 12:07am Aug 6, 2011 12:07am
Quoting geniusztc
Sunday is impossible ,because it is sunday,
I think Mr. Breakout means that even though it will be Sunday in the US, due to the time difference it will be Monday in Japan.
35 traders viewing now