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  • #28,861
  • Oct 31, 2011 1:10am Oct 31, 2011 1:10am
Not a very good intervention in my opinion. I'm out +10 pips. Max I had about 30 but I was greedy so I hung on. Well, that's life I guess.

EDIT: So temped to short it back to 79.20 but I know better.
  • #28,862
  • Oct 31, 2011 1:11am Oct 31, 2011 1:11am
Quoting taxe91
fundamental reasons more than technical for a move to 82. Japanese ministers have said in the past that 82/83 levels are where they would desire the pair to be
I am trust my chart rather than BOJ
Breaking 81 then am expecting big move up without BOJ intervention - because thats breaking the Big downtrend lines
If there was easy money lying around,no one would be forcing it into your
  • #28,863
  • Oct 31, 2011 1:13am Oct 31, 2011 1:13am
Quoting SIgurs
Congrats to all who played this pair on the long side !!!!

My remaining short position got stopped out at break even. Now hunting for another short position.

Cu all after my trip to Rome ;-)
Sweety

You better watching USDX Just complete the corrective Wave now - USD strenght has coming back combine Intervention from BOJ,Maybe ?
Attached Image (click to enlarge)
Click to Enlarge Name: USDX Daily.png Size: 47 KB
If there was easy money lying around,no one would be forcing it into your
  • #28,864
  • Oct 31, 2011 1:14am Oct 31, 2011 1:14am
personally i want to say congrats for my brother,fxmindset

clean and simple chart or naked chart is sexy
Quoting FXMindset
I am trust my chart rather than BOJ
Breaking 81 then am expecting big move up without BOJ intervention - because thats breaking the Big downtrendlines lines overall
not euphoria follower
  • #28,865
  • Oct 31, 2011 1:14am Oct 31, 2011 1:14am
Quoting jeff_b
2nd intervention going?
Still not clear, lets see what London can do
  • #28,866
  • Oct 31, 2011 1:17am Oct 31, 2011 1:17am
Quoting iqyu5an
personally i want to say congrats for my brother,fxmindset

clean and simple chart or naked chart is sexy
Bro
I am still need learning from you
Wait till have enough money and time would visit you someday
If there was easy money lying around,no one would be forcing it into your
  • #28,867
  • Oct 31, 2011 1:21am Oct 31, 2011 1:21am
so humble friend

why japan made intervention ? how they export if yen is too high ? too expensive for their export ?

japan is not stupid, my imho.
Quoting FXMindset
Bro
I am still need learning from you
Wait till have enough money and time would visit you someday
not euphoria follower
  • #28,868
  • Oct 31, 2011 1:29am Oct 31, 2011 1:29am
Quoting iqyu5an
so humble friend

why japan made intervention ? how they export if yen is too high ? too expensive for their export ?

japan is not stupid, my imho.
Their export commodity will not be sold in the market, and who lose here?
Just adding more question
Indeed, Japan Is not stupid
  • #28,869
  • Oct 31, 2011 1:36am Oct 31, 2011 1:36am
Quoting iqyu5an
so humble friend

why japan made intervention ? how they export if yen is too high ? too expensive for their export ?

japan is not stupid, my imho.
Yeah,

Sexy Chart is Coming So everyone can see well
Personaly,I am not real comfortable If dont see 73.5 to be tested first before last pushing up In other side Daily pattern seems support well so far

I am very interested to see how the last Upside trend to be hold,test or finally break..If break expecting another 1000 Pips up like USDSGD did it just a month ago
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ Daily.png Size: 38 KB
Click to Enlarge Name: UJ Monthly.png Size: 38 KB
If there was easy money lying around,no one would be forcing it into your
  • #28,870
  • Oct 31, 2011 1:39am Oct 31, 2011 1:39am
I believe 79.85 to 80.00 will hold....otherwise will indicate
a strong bull all the way to 85.00....lets see what the European
and UK market do...
  • #28,871
  • Oct 31, 2011 1:50am Oct 31, 2011 1:50am
Quoting USD-Bear
Thank you Azumi , most profitable deal of my life....

Attachment
Good job Bear!
Now put that money in your bank account and treat yourself to something nice!
  • #28,872
  • Oct 31, 2011 1:55am Oct 31, 2011 1:55am
Quoting fosking
Good job Bear!
Now put that money in your bank account and treat yourself to something nice!
Thanks fos, prob won't touch anything for a few days, building up necessary fear-status before continuing
Don't be a hero. Don't have an ego. Always question yourself
  • #28,873
  • Oct 31, 2011 1:58am Oct 31, 2011 1:58am
There must be a massive order @ 79.5 or something, U/J hasn't been able to break that and now it's on decline again.
  • #28,874
  • Oct 31, 2011 2:01am Oct 31, 2011 2:01am
So much for that "peg" at 79.20. I'm in big short from 79.45.
  • #28,875
  • Oct 31, 2011 2:03am Oct 31, 2011 2:03am
God, it is nice, when actual economical theory, and being patient pays off.
I was building my long positions from around 75.80, and was pretty much sure it is a win win deal, couse any country, depending on export, can't allow for their currency to be soo strong. So any movement even further down (75.63 for example) was hope for me, that intervention is coming And it did

Congrats to all bulls on UJ
  • #28,876
  • Oct 31, 2011 2:05am Oct 31, 2011 2:05am
Quoting sat0pi
So much for that "peg" at 79.20. I'm in big short from 79.45.
There's no peg... just fools like Froth thinking they know something lol
check out my blog: forexmademillionaire dot com
  • #28,877
  • Oct 31, 2011 2:11am Oct 31, 2011 2:11am
4H Update
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4H.png Size: 37 KB
If there was easy money lying around,no one would be forcing it into your
  • #28,878
  • Oct 31, 2011 2:18am Oct 31, 2011 2:18am
The question is, where to from here? That intervention was less than many expected and less than it has been in the past. They no doubt are unhappy with how the interventions have been 'faded' by traders, potentially a multi-phase intervention to burn faders?
  • #28,879
  • Oct 31, 2011 2:23am Oct 31, 2011 2:23am
I'm happy with intervention not just because am long,but its because this thread come back alive again
If there was easy money lying around,no one would be forcing it into your
  • #28,880
  • Oct 31, 2011 2:29am Oct 31, 2011 2:29am
Oh I was checking in, it was just never very interesting There's been more action today then there's been cumulatively for months
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