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USD/JPY Discussion

  • #28,541
  • Oct 26, 2011 5:14am Oct 26, 2011 5:14am
Quoting freemen
Today last day BOJ react. Because tomorrow all exporters go bust
If you keep thinking and waiting for BOJ then your long will be ate by the market sooner or later,dont be afraid for late catch of intervention but be afraid of Market action
If there was easy money lying around,no one would be forcing it into your
  • #28,542
  • Oct 26, 2011 5:17am Oct 26, 2011 5:17am
All asian currencies are in trouble...

Nobody will intervene, everybody is pointing to europe
  • #28,543
  • Oct 26, 2011 5:18am Oct 26, 2011 5:18am
Quoting realjumper
Good thinking

I've sidelined on this pair for quite a while now......easier money to be made on other pairs at the moment
Hello Bro,

I am believe most of people hurry to jump in this long boat because afraid of late catch easy money from BOJ Intervention - Whatever this kind of mindset will trapped them in to the middle range if their dont use a proper MM
If there was easy money lying around,no one would be forcing it into your
  • #28,544
  • Oct 26, 2011 5:24am Oct 26, 2011 5:24am
Quoting FXMindset
If you keep thinking and waiting for BOJ then your long will be ate by the market sooner or later,dont be afraid for late catch of intervention but be afraid of Market action
Lesson is learn about LOWS. Last time was with eiro price was 1.3850 and I was put 3 microlot shorts and price go till 1.45.

Me need be crazy lets short LOW again. I not hope on BOJ. If they intervent will be good if not trend will change soon because many start put longs.

Look where price was 24.05.2006
Attached Image
Once scalper always scalper
  • #28,545
  • Oct 26, 2011 5:25am Oct 26, 2011 5:25am
Quoting realjumper
Well......either grow a backbone, or sink.
Quote of the month !!!!
  • #28,546
  • Oct 26, 2011 5:30am Oct 26, 2011 5:30am
Quoting freemen
Lesson is learn about LOWS. Last time was with eiro price was 1.3850 and I was put 3 microlot shorts and price go till 1.45.

Me need be crazy lets short LOW again. I not hope on BOJ. If they intervent will be good if not trend will change soon because many start put longs.
I dont understand what are you talking about
But everytime when you made mistakes in trading or even life
Always Question yourself and Find out why and how then try to learn from that
If there was easy money lying around,no one would be forcing it into your
  • #28,547
  • Oct 26, 2011 5:31am Oct 26, 2011 5:31am
Quoting FXMindset
Not yet would be more lower or maybe another final strike lower
am sidelines for UJ now,avoiding spikes down - expect un expected
wise plan~~
patience is the key..
Patience, Emotion Control and Discipline.
  • #28,548
  • Oct 26, 2011 5:35am Oct 26, 2011 5:35am
Quoting FXMindset
Hello Bro,

I am believe most of people hurry to jump in this long boat because afraid of late catch easy money from BOJ Intervention - Whatever this kind of mindset will trapped them in to the middle range if their dont use a proper MM
I'm sure you're right....it just seems a bit silly to me because even if BOJ intervene, the move will be (maybe) 300pips.....maybe more. For the amount of time wasted watching this pair in the hope for intervention, a trader can make much more than that on just abut any other currency pair!!

I no longer see the point in watching this pair.....

When the trend eventually turns, I'm pretty sure that it will climb up over 100, so there will be plenty of time to enter a high probability trade on that trend.

There's no high probability trades here now....imo

Doing what you like is Freedom. Liking what you do is Happiness.
  • #28,549
  • Oct 26, 2011 5:38am Oct 26, 2011 5:38am
Quoting freemen
Lesson is learn about LOWS. Last time was with eiro price was 1.3850 and I was put 3 microlot shorts and price go till 1.45.

Me need be crazy lets short LOW again. I not hope on BOJ. If they intervent will be good if not trend will change soon because many start put longs.

Look where price was 24.05.2006
Wait a minutes..your chart looks very simmiliar?
Dont post the previous chart as its past and become history but post your chart for today
If there was easy money lying around,no one would be forcing it into your
  • #28,550
  • Oct 26, 2011 5:39am Oct 26, 2011 5:39am
Quoting realjumper
I'm sure you're right....it just seems a bit silly to me because even if BOJ intervene, the move will be (maybe) 300pips.....maybe more. For the amount of time wasted watching this pair in the hope for intervention, a trader can make much more than that on just abut any other currency pair!!

I no longer see the point in watching this pair.....

When the trend eventually turns, I'm pretty sure that it will climb up over 100, so there will be plenty of time to enter a high probability trade on that trend.

There's no high probability trades...
Yeap,Honestly this 2 month over range really really ~
If there was easy money lying around,no one would be forcing it into your
  • #28,551
  • Oct 26, 2011 5:44am Oct 26, 2011 5:44am
Quoting FXMindset
I dont understand what are you talking about
But everytime when you made mistakes in trading or even life
Always Question yourself and Find out why and how then try to learn from that

I do not understand that it may invite not trade? After intervention wil not need buy but short because it will not be trend move. Moves need predict before because after they will not work on you.

Sorry about chart. Trading witout charts
Once scalper always scalper
  • #28,552
  • Oct 26, 2011 5:48am Oct 26, 2011 5:48am
Quoting freemen
I do not understand that it may invite not trade? After intervention wil not need buy but short because it will not be trend move. Moves need predict before because after they will not work on you.

Sorry about chart. Trading witout charts
If there was easy money lying around,no one would be forcing it into your
  • #28,553
  • Oct 26, 2011 7:18am Oct 26, 2011 7:18am
www.cnbc.com/id/45040013

Interesting article...
So it's obviously not the strength against usd but against the eur that's currently hurting jap industry most
  • #28,554
  • Oct 26, 2011 7:46am Oct 26, 2011 7:46am
Quoting iwjw
www.cnbc.com/id/45040013

Interesting article...
So it's obviously not the strength against usd but against the eur that's currently hurting jap industry most
If US and europe need to control unemployment I think they have to devalue their currencies by a large amount...

Yen probably at 60 to $ , and may be 60 to euro... there is a long way to go.. probably in 2015....

How much ever BOJ intervens, its like pouring a cup of water into the ocean...
  • #28,555
  • Oct 26, 2011 7:51am Oct 26, 2011 7:51am
Lower lows, lower highs ... not looking too spiffy to me. New all time lows might be just a matter of time.

The fact that no hard measures have been taken makes me think that they don't know what to do anymore. Why keep on shouting and complaining without taking hard action ? Apparently BOJ is on high alert yet doesn't act despite new all time lows have been forming for days now.

Could it be that they are bluffing, hoping to scare market off ? LOL
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  • #28,556
  • Oct 26, 2011 8:30am Oct 26, 2011 8:30am
Can someone please explain to me what is so safe-haven about the Yen? Is it simply that they are not printing money, or is there something inherently safer about Japan versus Europe and USA. Last time I checked, I was unable to purchase things in Europe or in USA with Japanese Yen, or for that matter, anywhere else in the world except Japan. That a radio-active island with an aging population in the Pacific should now become the best place to park money is over my head. Thanks for explanations!
  • #28,557
  • Oct 26, 2011 8:34am Oct 26, 2011 8:34am
Quoting freiburg
Can someone please explain to me what is so safe-haven about the Yen? Is it simply that they are not printing money, or is there something inherently safer about Japan versus Europe and USA. Last time I checked, I was unable to purchase things in Europe or in USA with Japanese Yen, or for that matter, anywhere else in the world except Japan. That a radio-active island with an aging population in the Pacific should now become the best place to park money is over my head. Thanks for explanations!

They have huge trade surplusses and debt is mainly in Japanese hands.
  • #28,558
  • Oct 26, 2011 8:38am Oct 26, 2011 8:38am
:-) you make it sound so simple. probably is just that. okay, let's buy yen :-)
  • #28,559
  • Oct 26, 2011 9:11am Oct 26, 2011 9:11am
Guys,

Even US Provided Good US data doesnt help Yen much at all because there is another factor that will keep effected and effecting Yen getting stronger,one of them is Eur Pairs which against Jpy Currently
If there was easy money lying around,no one would be forcing it into your
  • #28,560
  • Oct 26, 2011 9:47am Oct 26, 2011 9:47am
Closed my long position, will keep the rest of my shortposition and will short any bounce. Have doubts about whether they will intervene, despite the fact the pair made new all time lows once again. Have NO doubts about the sustainibility of a move up due to intervention .... it will be sold again.

Dollar index is surging, except against the Yen, scary. Just my 2 cents !

RBC forecasts the U.S. dollar will weaken to around ¥70 by the middle of 2012. “We view the policy stance as trying to manage the pace of appreciation rather than trying to engineer outright weakness,”
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