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USD/JPY Discussion

  • #25,821
  • Aug 11, 2011 2:27am Aug 11, 2011 2:27am
what on earth????
  • #25,822
  • Aug 11, 2011 2:28am Aug 11, 2011 2:28am
BOJ coming ???
  • #25,823
  • Aug 11, 2011 2:29am Aug 11, 2011 2:29am
Well didn't short. Large spike there. Same with eur/chf - don't know how I ended up losing money on that when I had sl at +10pips.
  • #25,824
  • Aug 11, 2011 2:30am Aug 11, 2011 2:30am
lucky i close my short.
  • #25,825
  • Aug 11, 2011 2:30am Aug 11, 2011 2:30am
still not done...is it it?
  • #25,826
  • Aug 11, 2011 2:30am Aug 11, 2011 2:30am
who vs who ??
  • #25,827
  • Aug 11, 2011 2:31am Aug 11, 2011 2:31am
Quoting Unknownpips
Well didn't short. Large spike there. Same with eur/chf - don't know how I ended up losing money on that when I had sl at +10pips.

Its called slippage
  • #25,828
  • Aug 11, 2011 2:31am Aug 11, 2011 2:31am
Quoting Unknownpips
don't know how I ended up losing money on that when I had sl at +10pips.
It doesn't matter how small your SL, if there is an intervention (or big spike) and price spikes through your stop, you will be closed out at the price after the move.
  • #25,829
  • Aug 11, 2011 2:32am Aug 11, 2011 2:32am
Quoting Unknownpips
Well didn't short. Large spike there. Same with eur/chf - don't know how I ended up losing money on that when I had sl at +10pips.
Similar situation here, stop was at -5 but I still lost a lot more than that.
  • #25,830
  • Aug 11, 2011 2:35am Aug 11, 2011 2:35am
Quoting fosking
It doesn't matter how small your SL, if there is an intervention (or big spike) and price spikes through your stop, you will be closed out at the price after the move.
If there was no one to take the order at the +10 price then it gaps up to the first available fill. That's what happened. Now is there really that much of a gap or does the broker take advantage and extend gap? Who knows.
  • #25,831
  • Aug 11, 2011 2:35am Aug 11, 2011 2:35am
Quoting Yaad
Similar situation here, stop was at -5 but I still lost a lot more than that.
When liquidity dries up, you can lose out well beyond your stops.
  • #25,832
  • Aug 11, 2011 2:37am Aug 11, 2011 2:37am
Quoting Mpt
When liquidity dries up, you can lose out well beyond your stops.
Oh well, no more Yen trading for me today....
  • #25,833
  • Aug 11, 2011 2:38am Aug 11, 2011 2:38am
BOJ is going to have to try harder than that.
  • #25,834
  • Aug 11, 2011 2:38am Aug 11, 2011 2:38am
60 pip spike... Apparently BOJ using interbanks to buy dollars.
  • #25,835
  • Aug 11, 2011 2:39am Aug 11, 2011 2:39am
It's over for now, I think. Got a small 30 pips.

I think they are defending yesterdays low, which makes sense. It will be harder to defend if it breaks.
  • #25,836
  • Aug 11, 2011 2:41am Aug 11, 2011 2:41am
Quoting ku8ek
Mr Breakout.....respect...I'm following your last trades on this thread...impressive...

Your attitude to fx and humor the same ....

thanks for sharing...

good luck to you and all others.....
Thanks Ku8ek.

Well I guess a little sense of humor here and there does relieve the stress (and the feeling of loneliness) associated with our trading activity.

Good luck to you too and have a great trading day in Sweden
  • #25,837
  • Aug 11, 2011 2:41am Aug 11, 2011 2:41am
haha...let see who will win..
  • #25,838
  • Aug 11, 2011 2:42am Aug 11, 2011 2:42am
Quoting hfcgII
I think they are defending yesterdays low
Yeah defending yesterdays low, but they needed to break 77.22 to the upside for momentum and extra stops.
  • #25,839
  • Aug 11, 2011 2:42am Aug 11, 2011 2:42am
Quoting Yaad
Oh well, no more Yen trading for me today....
No more CHF either... SNB just turned it volatile with rumors of 1% deposit charge. It would seem rumor monger does better than any Yen intervention. Perhaps BOJ ought to start a rumor then once people start shorting again suprise them with an intervention. Shock & awe affect would keep us shorters on our toes.
  • #25,840
  • Aug 11, 2011 2:43am Aug 11, 2011 2:43am
failed intervetion ? boj , or who ever...
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