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USD/JPY Discussion

  • #26,621
  • Sep 1, 2011 2:43am Sep 1, 2011 2:43am
moment of throuth, otherwise will bail out

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Don't be a hero. Don't have an ego. Always question yourself
  • #26,622
  • Sep 1, 2011 2:46am Sep 1, 2011 2:46am
closed long @ 77.04
Don't be a hero. Don't have an ego. Always question yourself
  • #26,623
  • Sep 1, 2011 2:46am Sep 1, 2011 2:46am
Quoting fosking
SL moved to -7 under the daily R1.

USD/JPY M15
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SL 76.70?
If there was easy money lying around,no one would be forcing it into your
  • #26,624
  • Sep 1, 2011 2:49am Sep 1, 2011 2:49am
Quoting FXMindset
SL 76.70?
Just taken profit at +10.
Just too slow. Could be the wrong decision but looking at other pairs.
The daily R2 looks to be doing it's job also.
  • #26,625
  • Sep 1, 2011 2:53am Sep 1, 2011 2:53am
Quoting fosking
Just taken profit at +10.
Just too slow. Could be the wrong decision but looking at other pairs.
Maybe the right decision too. I saw the trade but I was in one already on the Swissy so I stayed with that......I want to get that long term Yen trade started, but there's nothing to suggest that the time is right yet.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,626
  • Sep 1, 2011 3:08am Sep 1, 2011 3:08am
Quoting fosking
Could be the wrong decision
I was wrong!
Should have moved my stop up to the weekly pivot point!
  • #26,627
  • Sep 1, 2011 3:23am Sep 1, 2011 3:23am
Some info regarding the cost of Noda intervntion efforts:

"The policy of intervention began in earnest in August last year, when the decline of the dollar gathered pace. In 2003, the Japanese government spent $100bn buying dollars in an attempt to hold down the value of the yen. In the first two months of this year, it spent another $100bn. And Japan’s parliament has authorised the spending of a further $360bn this year."

www.moneyweek.com
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,628
  • Sep 1, 2011 3:37am Sep 1, 2011 3:37am
Quoting realjumper
Some info regarding the cost of Noda intervntion efforts:

"The policy of intervention began in earnest in August last year, when the decline of the dollar gathered pace. In 2003, the Japanese government spent $100bn buying dollars in an attempt to hold down the value of the yen. In the first two months of this year, it spent another $100bn. And Japan’s parliament has authorised the spending of a further $360bn this year."

www.moneyweek.com
This is what I gathered yesterday on the interventions.

15th Sept 2010 - ¥2.12 Trillion
17th/18th March 2010 - ¥692.5 Billion
4th August 2011 - ¥1 Trillion
  • #26,629
  • Sep 1, 2011 3:49am Sep 1, 2011 3:49am
Quoting fosking
This is what I gathered yesterday on the interventions.

15th Sept 2010 - ¥2.12 Trillion
17th/18th March 2010 - ¥692.5 Billion
4th August 2011 - ¥1 Trillion
They're big numbers.....and the fund is much larger than that.....I did see the size of the pool somewhere but I don't recall where it was.

Meantime the following may be interesting:

Japan PM Noda appoints Katsuya Okada as Fin Min

Okada is a former leader of the Democratic party and was also a former Foreign Min in a previous administration, who shares similar views to PM. Noda

www.forexlive.com
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,630
  • Sep 1, 2011 3:58am Sep 1, 2011 3:58am
Might be a chance of another small leg up perhaps......M5 btw....
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,631
  • Sep 1, 2011 4:01am Sep 1, 2011 4:01am
Quoting realjumper
Japan PM Noda appoints Katsuya Okada as Fin Min
We'll have to see if his actions are better than his Superman impression.

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  • #26,632
  • Sep 1, 2011 4:08am Sep 1, 2011 4:08am
Quoting fosking
We'll have to see if his actions are better than his Superman impression.

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lol....I gues so. Well also have to get used to the new term of rhetoric....'Okada is closely watching the market and will take decisive action if sudden fx moves are detected'......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,633
  • Sep 1, 2011 6:48am Sep 1, 2011 6:48am
Quoting fosking
I was wrong!
Should have moved my stop up to the weekly pivot point!
no you were right, it was just an overshoot!

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Don't be a hero. Don't have an ego. Always question yourself
  • #26,634
  • Sep 1, 2011 7:08am Sep 1, 2011 7:08am
sup guys~~~

we might be going up from here quite abit
  • #26,635
  • Sep 1, 2011 7:17am Sep 1, 2011 7:17am
Long again @ 77.02

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Don't be a hero. Don't have an ego. Always question yourself
  • #26,636
  • Sep 1, 2011 7:26am Sep 1, 2011 7:26am
Quoting USD-Bear
Long again @ 77.02

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Do you have a target? Weekly R1?
  • #26,637
  • Sep 1, 2011 7:27am Sep 1, 2011 7:27am
now Okada over it and the circus is complete.....
Don't be a hero. Don't have an ego. Always question yourself
  • #26,638
  • Sep 1, 2011 7:28am Sep 1, 2011 7:28am
Quoting USD-Bear
Long again @ 77.02

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whats ur TP
  • #26,639
  • Sep 1, 2011 7:28am Sep 1, 2011 7:28am
Quoting fosking
Do you have a target? Weekly R1?
no never have a target, watching it or trailing it
Don't be a hero. Don't have an ego. Always question yourself
  • #26,640
  • Sep 1, 2011 7:32am Sep 1, 2011 7:32am
Quoting JollyBean
sup guys~~~

we might be going up from here quite abit
smart watching Jolly
Don't be a hero. Don't have an ego. Always question yourself
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