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  • #556,041
  • Oct 30, 2011 8:57pm Oct 30, 2011 8:57pm
Quoting Geppy
For those of you unaware of why EUR/USD is getting hit, you probably know it has to do with the BoJ intervention on USD/JPY by now. However, if you don't know why that's messing with the Euro, here's why:

For the BoJ to strengthen the Yen, they buy a bunch of USD/JPY which means their essentially weakening the Yen by purchasing USD. This essentially puts their books heavily USD based and they don't want all that currency risk on one product. So, they have to get rid of it, or re-distribute the risk. They do this by selling other pairs, mostly...
word for word perfect, last time they use euro to buy usd this time is combination of pairs, is different reaction last time eu was follow 67% this time she dipping, presently held at ltl of crappy channel
If you are new to Forex? Say Goodbye to your account!!
  • #556,042
  • Oct 30, 2011 8:58pm Oct 30, 2011 8:58pm
I took my profits.....

Chart posted with results....

Cheers,

Faller.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Yen Info Chart 1.jpg Size: 144 KB
Click to Enlarge Name: Trading Platform.png Size: 87 KB
I don't trust any move - when you have profit...take it.
  • #556,043
  • Oct 30, 2011 9:00pm Oct 30, 2011 9:00pm
Cant believe they do that on a Monday, how burokratic.
I am short b4 it happend 4 positions on EU, and sneaked a UJ long in there that is as of now $610 in profit. , Just closed it. Free Money, since i missed most of the move its nice to have anyway.
Thanks Japan, i knew you can do it Mr Azumi
  • #556,044
  • Oct 30, 2011 9:04pm Oct 30, 2011 9:04pm
Quoting screwup
correction of an error number not me, 3935 to 4047. others, that' yours specify.

becareful this number 4276
  • #556,045
  • Oct 30, 2011 9:12pm Oct 30, 2011 9:12pm
Good Morning

missed these moves

do you Guys expect a Continuation by open London and NY ?

Could become a quite interesting Day
  • #556,046
  • Oct 30, 2011 9:20pm Oct 30, 2011 9:20pm
Quoting sdcasper
It's generally a temporary thing and experienced traders can fade these moves with proper money management. Ok, enough from me... back to fading ;-)
Interventions are great, except when you are sitting on the opposite side of the trade. 300 pips on the usdjpy and im sitting on the receiving end of a usdchf crushing.[/quote]

You crazy man, BOJ and SNB are intervention players, everyone knows, why you not just scalp selling swissy, you play with fire sell either pair especially with no sl, swissy is different than yen prs they been retrace nice, but swissy was at upper range of last intervention, was dangerous place to consider short her you may sneak it she at utl of ascending channel now also resist and last ltl 4hr, might save your but, need watch carefully. if they break you in deep dodo, if they reject you might sneak it, also is 50 sma but above 1hr ltl is tricky place
If you are new to Forex? Say Goodbye to your account!!
  • #556,047
  • Oct 30, 2011 9:22pm Oct 30, 2011 9:22pm
i can live with intervention everyday

let's ride gold and crude drop.
crude is still picking up passengers
  • #556,048
  • Oct 30, 2011 9:26pm Oct 30, 2011 9:26pm
thats it my friends USD up up and away. Highs and lows have been set and now all bias for trades has to be long USD
  • #556,049
  • Oct 30, 2011 9:27pm Oct 30, 2011 9:27pm
Quoting redsword11
Attachment

Attachment

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 17 KB
  • #556,050
  • Oct 30, 2011 9:32pm Oct 30, 2011 9:32pm
Quoting screwup
becareful this number 4276
TP 2nd hit. who like to swim.
  • #556,051
  • Oct 30, 2011 9:32pm Oct 30, 2011 9:32pm
Quoting KiwiTrada
Interventions are great, except when you are sitting on the opposite side of the trade. 300 pips on the usdjpy and im sitting on the receiving end of a usdchf crushing.
You crazy man,

I just broke break even on five scalp trades. I made the fatal mistake on Friday of shorting the usdchf on a carry trade. I was incorrect. Didnt even notice as I am on the West Coast USA and I was out watching NFL.
  • #556,052
  • Oct 30, 2011 9:33pm Oct 30, 2011 9:33pm
Quoting Myrza
i can live with intervention everyday

let's ride gold and crude drop.
crude is still picking up passengers
yes cable au all ladies is bricks
If you are new to Forex? Say Goodbye to your account!!
  • #556,053
  • Oct 30, 2011 9:34pm Oct 30, 2011 9:34pm
Japan has put free money into the pockets of money of us.What a good ride on EUR/USD.The week began on a good footing
With patience and discipline,you move beyond the sky
  • #556,054
  • Oct 30, 2011 9:38pm Oct 30, 2011 9:38pm
Quoting sdcasper
You crazy man,

I just broke break even on five scalp trades. I made the fatal mistake on Friday of shorting the usdchf on a carry trade. I was incorrect. Didnt even notice as I am on the West Coast USA and I was out watching NFL.
Sorry bro meant no offence, agree me too, scalps was the nice plan, just needed be wary yen chy prs, sl would have save you big loss, anyway onto next trade, what a Monday
If you are new to Forex? Say Goodbye to your account!!
  • #556,055
  • Oct 30, 2011 9:38pm Oct 30, 2011 9:38pm
damn i am cashing in like nuts. No fu**ing Seminar prepared me for that!
  • #556,056
  • Oct 30, 2011 9:41pm Oct 30, 2011 9:41pm
LONG EU 1.4040 target 1.4160
fokyou forexfactory
  • #556,057
  • Oct 30, 2011 9:42pm Oct 30, 2011 9:42pm
It's been an excellent start, just don't want to hear that everyone taking profits today BE or are in loss at the end of the week. Word to the wise, check your egos and stick to your strategies, these types of moves can make one star struck, been there done that.
It's easy to be humbled but hard to be humble.
  • #556,058
  • Oct 30, 2011 9:42pm Oct 30, 2011 9:42pm
Anddddd the party's over. I bagged 100pips+ EURUSD short move. I'm gonna call it a day then. I wish every Monday would be like this.

EDIT: Be cautious guys, things can turn around faster than you can say oops. Use MM.
  • #556,059
  • Oct 30, 2011 9:44pm Oct 30, 2011 9:44pm
Quoting DNTme
LONG EU 1.4040 target 1.4160
I'm with ya. The new highs in USD/JPY didn't effect Euro as much as it should have. I think we're stalling out here... maybe go into the low 1.40 area, but my money management is ok with that. I'm targeting 1.4375 for now (may change).
check out my blog: forexmademillionaire dot com
  • #556,060
  • Oct 30, 2011 9:47pm Oct 30, 2011 9:47pm
Quoting Geppy
I'm with ya. The new highs in USD/JPY didn't effect Euro as much as it should have. I think we're stalling out here... maybe go into the low 1.40 area, but my money management is ok with that. I'm targeting 1.4375 for now (may change).
if your target is so high then put it 4425
fokyou forexfactory
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