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USD/JPY Discussion

  • #25,681
  • Aug 9, 2011 12:55am Aug 9, 2011 12:55am
Attached
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 31 KB
  • #25,682
  • Aug 9, 2011 1:00am Aug 9, 2011 1:00am
Quoting TrendTraders
Attached
This was posted by Tact1cal in another thread:

Quote
One big non-Japanese bank places large bids on the EUR/JPY, leading to sharp gains in the cross as well as the USD/JPY, say two senior dealers in Tokyo. The EUR/JPY is at 109.70 after rising as high as 110.57 from 109.45 before the bids, while the USD/JPY is at 77.18 after rising as high as 77.85 from 77.09. Both dealers say the move isn't due to any intervention by Japanese monetary authorities. "These wannabe players often place big bids these days as they try to scare other participants that Japan's in," one dealer says.

http://www.forexfactory.com/showthre...31#post4852031
  • #25,683
  • Aug 9, 2011 2:47am Aug 9, 2011 2:47am
The DJI is bleeding....wonder how will it affect the USDJPY....
  • #25,684
  • Aug 9, 2011 3:03am Aug 9, 2011 3:03am
Quoting havaiana
This was posted by Tact1cal in another thread:
Excuse me,I am sorry what do you mean?Do you mean I am copied my chart from someone else?
  • #25,685
  • Aug 9, 2011 4:03am Aug 9, 2011 4:03am
iam still short UJ. presently at +70 pips. will keep the short open for a few days, or until a reversal signal.


excellent start to this morning.

went long last night on gold at 1724.

went short on the dow at 10651.

woke up this morning for huge pips in profit.

thats gold + 30 pips.

...dow + 200 pips.

both are now closed.

have shorted the dow again at 10836.


will call it quits for the day, get out and have some fresh air.
  • #25,686
  • Aug 9, 2011 4:07am Aug 9, 2011 4:07am
out of the dow at 10636, thats another +200 pips.


so all in all so far today made + 30, + 200, + 200 = + 430 pips.


thats pretty impressive even at my high standards. and its not even afternoon yet !

iam off ....
  • #25,687
  • Aug 9, 2011 4:27am Aug 9, 2011 4:27am
Cant be too long now. We are at the level of the last Japanese intervention!
  • #25,688
  • Aug 9, 2011 4:31am Aug 9, 2011 4:31am
Went long at 77.03, SL at 76.04, TP 78.53.

...waiting for my bros at the BoJ.
  • #25,689
  • Aug 9, 2011 4:34am Aug 9, 2011 4:34am
Take short 77.06 TP 76.65
Play on dollar weeknes...
Once scalper always scalper
  • #25,690
  • Aug 9, 2011 4:45am Aug 9, 2011 4:45am
Quoting TrendTraders
Excuse me,I am sorry what do you mean?Do you mean I am copied my chart from someone else?
No sir, post was not meaning anything about your chart. I actually didn't look at your chart properly, i thought it was a short term chart from today showing the spike which looked a little bit like boj intervention. I was just informing thread that the earlier spike today that looks like intervention was apparently not.
  • #25,691
  • Aug 9, 2011 4:48am Aug 9, 2011 4:48am
Am waiting. I'd rather be on the long side when the intervention happens. For now dollar weakness reigns.
  • #25,692
  • Aug 9, 2011 5:14am Aug 9, 2011 5:14am
USDJPY Break several support and left 2 Leg of Support now
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 28 KB
  • #25,693
  • Aug 9, 2011 5:21am Aug 9, 2011 5:21am
Quoting CoffeeGamble
Went long at 77.03, SL at 76.04, TP 78.53.

...waiting for my bros at the BoJ.

Reduced my exposure to Greenback weakness by going long on EUR/GBP at 0.8709.

I hope the ECB can narrow the spread between Bunds with Spanish and Italian sovereign bonds quick enough.
  • #25,694
  • Aug 9, 2011 6:16am Aug 9, 2011 6:16am
took long at 77.04
  • #25,695
  • Aug 9, 2011 7:01am Aug 9, 2011 7:01am
Quoting CoffeeGamble
Reduced my exposure to Greenback weakness by going long on EUR/GBP at 0.8709.

I hope the ECB can narrow the spread between Bunds with Spanish and Italian sovereign bonds quick enough.

Looks OK, stop loss in both positions moved to breakeven. EDIT: Make that SL in the money on both.
  • #25,696
  • Aug 9, 2011 8:18am Aug 9, 2011 8:18am
Quoting TrendTraders
USDJPY Break several support and left 2 Leg of Support now
I wonder how BOJ feels about being the laughing stock of the financial world. Whoever executes their "intervention" needs a kick in the #$@^$.
  • #25,697
  • Aug 9, 2011 8:25am Aug 9, 2011 8:25am
Quoting Sonofsin5
I wonder how BOJ feels about being the laughing stock of the financial world. Whoever executes their "intervention" needs a kick in the #$@^$.
If they hadn't intervened, the U/J would be lower than 75. In that respect, their intervention was successful.
  • #25,698
  • Aug 9, 2011 8:48am Aug 9, 2011 8:48am
GUMPY GUMPY TRADES
  • #25,699
  • Aug 9, 2011 8:51am Aug 9, 2011 8:51am
its a global market why would jpy be so concerned about going against the fundamentals.

Quoting wontfindanam
If they hadn't intervened, the U/J would be lower than 75. In that respect, their intervention was successful.
  • #25,700
  • Aug 9, 2011 9:19am Aug 9, 2011 9:19am
I think the biggest effect has been psychological. Those who would normally take a Short position because of, say something they see on their charts, are now second guessing themselves and refraining for fear of an intervention.
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