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USD/JPY Discussion

  • #28,781
  • Oct 30, 2011 8:41pm Oct 30, 2011 8:41pm
Quoting Geppy
Great point considering they'll probably cut rates tomorrow night. I've got a pretty substantial EUR/AUD long from 1.3220 also.
Cool, just shorted 2 standards AUD/JPY and covered my two EUR/USD shorts from last week. Already making a killing for this week
check out my blog: forexmademillionaire dot com
  • #28,782
  • Oct 30, 2011 8:42pm Oct 30, 2011 8:42pm
boj i love uuuuuu!!!!
  • #28,783
  • Oct 30, 2011 8:43pm Oct 30, 2011 8:43pm
Quoting Geppy
Cool, just shorted 2 standards AUD/JPY and covered my two EUR/USD shorts from last week. Already making a killing for this week

Not bad, although I'd exert caution. (spikes that is)
  • #28,784
  • Oct 30, 2011 8:43pm Oct 30, 2011 8:43pm
Quoting Warwick
Really on the verge of taking said trade... The carry traders are having a field day however.
I'm averaged at 86.37 and might consider adding more if she pushes up another 50-100 pips. If you've been around long enough to see a few of these intervention plays, you know that exporters just use it as an opportunity to dump and it goes right back down.
check out my blog: forexmademillionaire dot com
  • #28,785
  • Oct 30, 2011 8:44pm Oct 30, 2011 8:44pm
TP target 85.00 !!
  • #28,786
  • Oct 30, 2011 8:44pm Oct 30, 2011 8:44pm
Quoting Warwick
Not bad, although I'd exert caution. (spikes that is)
Will enter on a breach of 84.2X be careful Geppy... I can see* it reaching there.
  • #28,787
  • Oct 30, 2011 8:45pm Oct 30, 2011 8:45pm
Quoting Warwick
Not bad, although I'd exert caution. (spikes that is)
For sure, proper money management always!
check out my blog: forexmademillionaire dot com
  • #28,788
  • Oct 30, 2011 8:45pm Oct 30, 2011 8:45pm
Hope all had the same nice profits!!!!!!

All booked...

Here is a nice chart and my results...

Faller.
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I don't trust any move - when you have profit...take it.
  • #28,789
  • Oct 30, 2011 8:46pm Oct 30, 2011 8:46pm
Quoting Geppy
I'm averaged at 86.37 and might consider adding more if she pushes up another 50-100 pips. If you've been around long enough to see a few of these intervention plays, you know that exporters just use it as an opportunity to dump and it goes right back down.
Fair enough, well my battle is usually against the carry traders. When they become greedy, so I do but in the opposite direction.
  • #28,790
  • Oct 30, 2011 8:48pm Oct 30, 2011 8:48pm
4th august intervention made 130 pips the first hour followed by 6 bull hourly bars, totalled 313 pips. This one made 303 pips in 40 minutes, 1st hourly not closed yet.. seems to be a different animal got in late @77.22, stops at be, staying in. GL to everybody, fade carefully
MarginTrader All Time Return: na
  • #28,791
  • Oct 30, 2011 8:48pm Oct 30, 2011 8:48pm
I'm done with longs, to be continued in London were short maybe the play.
Thanks BOJ, I knew I could count on this.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #28,792
  • Oct 30, 2011 8:49pm Oct 30, 2011 8:49pm
Quoting Geppy
anyone thinking about fading this? Considering it never works...
Hey Geppy, Hope you're doing well. - Nice to see you picked up those longs ... experience pays, doesn't it!

History (of the last 3+ itnerventions) has demonstrated it's not going to hold ... frankly, I don't care ... I just want to see it go up as much as possible. Fading is the last thing on my mind. I will be figuring out the pattern they are applying, and entering more, with all my accounts. I am already healthy double digit percentages up everywhere.

Quoting Forexgain
I am not sure how long it sustains but atleast by today evening until US market opens it won't fall back .... bt what level it reaches out today i am not sure....
Most of their interventions give 300+ pips minimum in UJ, 400+ in GY.

You might want to check my post prior to the charts I posted 10 minutes ago ... I tried to spell out what pattern/system they are following.

UJ is already almost 300 pips up - this is the biggest amount they have hit it with in this session, that I have seen, of the last 2 years of interventions. Given the last failed intervention was $50B - and they have $450 in the 'chest' - I am going to guess they are throwing way more resources (that's money) at this one. They are likely to hit it again prior to London open, and perhaps every 3-4 hours after that; historically, their last hit of it might be around noon NY time, +/- 1 hour.

Quoting SIgurs
Anyhow, I for one, will be closely monitoring Usd/Jpy action after 9pm NY time ! I'd better go and buy bucketloads of coffee and biscuits to keep alert as risk of falling asleep due to nothing happening is way too big !

Bet you are trapped on the long side way above 76.50 !!! In that case, dreaming and hoping is allowed. lol
SIgurs, Gosh, I was a bit off on the timing ... ... I will have to get better at that! It was about 9:24pm NY time, as buyers insisted on forcing a new high in 6J. Hope that's all worked out well for you.
  • #28,793
  • Oct 30, 2011 8:52pm Oct 30, 2011 8:52pm
JAPANESE FINANCE MINISTER: "WE WILL INTERVENE TILL SATISFIED"

lets not forget the BOJ have stated in the past that 85 was a sustainably efficient rate for the currency rate to operate at
  • #28,794
  • Oct 30, 2011 8:53pm Oct 30, 2011 8:53pm
75.65 filled....
thanks to BOJ..
Monday surprise
Patience, Emotion Control and Discipline.
  • #28,795
  • Oct 30, 2011 8:55pm Oct 30, 2011 8:55pm
I managed a record move for me out of this move -- I'm happy and out of long JPY @ 7889 went in friday long @ 7658.. happy trading.
  • #28,796
  • Oct 30, 2011 8:56pm Oct 30, 2011 8:56pm
Quoting Beljevina
Hey Geppy, Hope you're doing well. - Nice to see you picked up those longs ... experience pays, doesn't it!

History (of the last 3+ itnerventions) has demonstrated it's not going to hold ... frankly, I don't care ... I just want to see it go up as much as possible. Fading is the last thing on my mind. I will be figuring out the pattern they are applying, and entering more, with all my accounts. I am already healthy double digit percentages up everywhere.
Good to see you too, Bel. Yeah, I'm treading lightly. I booked a bundle on the way up already, so I'm free rolling
check out my blog: forexmademillionaire dot com
  • #28,797
  • Oct 30, 2011 8:59pm Oct 30, 2011 8:59pm
more than 300 pips from today's low....
anyone wants to short this?
  • #28,798
  • Oct 30, 2011 9:00pm Oct 30, 2011 9:00pm
Quoting KillerWhale
I'm done with longs, to be continued in London were short maybe the play.
Thanks BOJ, I knew I could count on this.
Possibly a good call, dropping now......
  • #28,799
  • Oct 30, 2011 9:00pm Oct 30, 2011 9:00pm
funny, already some big boys made 50 pips short. Another failure of BOJ intervention ??
  • #28,800
  • Oct 30, 2011 9:01pm Oct 30, 2011 9:01pm
Sittin in the black on my fades now... see if they go for round two. My gut says they won't, but I'm not adding more just in case.
check out my blog: forexmademillionaire dot com
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