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USD/JPY Discussion

  • #28,901
  • Oct 31, 2011 3:33am Oct 31, 2011 3:33am
Quoting KillerWhale
Japan is defending nothing. Japan is getting ready for diner then some drinks, watch TV and go to sleep. Tomorrow is another day. That's not different in Japan.
In the meantime, some nice added money going short as a bonus on top of the bonus for today.
Yup, I'm holding shorts tonight. See you tomorrow Killer. May we both wake to plenty o' pips
check out my blog: forexmademillionaire dot com
  • #28,902
  • Oct 31, 2011 3:37am Oct 31, 2011 3:37am
Holy Shit!! After the intervention JPY went 100 points up and lost the juice... Is it Short again?
  • #28,903
  • Oct 31, 2011 3:37am Oct 31, 2011 3:37am
I think Azumi is aware and will push the button again, maybe next hour
  • #28,904
  • Oct 31, 2011 3:40am Oct 31, 2011 3:40am
Quoting FXMindset
the momment you write this,UJ falls nicely and it fall 100 pips now
Nice BOJ..Nice...keep like that
Yeah... close above 78.6 is bullish ... still lot of time left...

Ppl milked it on the way down... till 75.66 i shorted this and milked too... now its way up :-)
  • #28,905
  • Oct 31, 2011 3:41am Oct 31, 2011 3:41am
Quoting Geppy
Yup, I'm holding shorts tonight. See you tomorrow Killer. May we both wake to plenty o' pips
im short too let me join the bears party!

in all seriousness though im going to bed tonight praying japan hasnt got a late night special in store for me when i wake up tomorrow.
  • #28,906
  • Oct 31, 2011 3:42am Oct 31, 2011 3:42am
Quoting Geppy
Yup, I'm holding shorts tonight. See you tomorrow Killer. May we both wake to plenty o' pips
And tomorrow, after we land @ 77 or so, I guess we'll have another intervention, same time, which will bring us at 81
Just be ready to stock all that extra money LOL
New voice message: Why are you calling me? If I need you, I'll call you!
  • #28,907
  • Oct 31, 2011 3:43am Oct 31, 2011 3:43am
Quoting ultra_knight
Yeah... close above 78.6 is bullish ... still lot of time left...

Ppl milked it on the way down... till 75.66 i shorted this and milked too... now its way up :-)
Chart please
If there was easy money lying around,no one would be forcing it into your
  • #28,908
  • Oct 31, 2011 3:44am Oct 31, 2011 3:44am
I am wondering if they will intervene again so soon or not, though. I feel like the reason they intervened today and held the floor at 79.20 is so that exporters could get as good of an exchange rate as they could get today for the end of the month.

It could be another case of just letting the yen strengthen again for a couple more months until intervention strikes again to do the same thing all over.
  • #28,909
  • Oct 31, 2011 3:46am Oct 31, 2011 3:46am
Quoting FXMindset
Chart please
See my previous posts.. when UJ made record low on this forum
  • #28,910
  • Oct 31, 2011 3:50am Oct 31, 2011 3:50am
You guys are too much, lol, playing chicken with a Central Bank.

I swear my friends in the real world are too boring.

Them: Warwick, you don't go out clubbing - your boring!

Me: LOL, when you can hold a 600k leveraged position open without having a stroke, then we'll talk about boring.
  • #28,911
  • Oct 31, 2011 3:50am Oct 31, 2011 3:50am
Quoting ultra_knight
See my previous posts.. when UJ made record low on this forum
I am looking a chart not post
Btw Good Luck
If there was easy money lying around,no one would be forcing it into your
  • #28,912
  • Oct 31, 2011 3:51am Oct 31, 2011 3:51am
Planning on going long around 77.50 support

Correction, already small long @ 78

Edit: And closed for 20 pips
New voice message: Why are you calling me? If I need you, I'll call you!
  • #28,913
  • Oct 31, 2011 3:52am Oct 31, 2011 3:52am
Quoting FXMindset
I am looking a chart not post
Btw Good Luck
I'm neither long nor short dude !!

Be watchful... if you are short... dont burn is my advice...

UJ
100dma: 77.32
200dma: 78.60
  • #28,914
  • Oct 31, 2011 3:56am Oct 31, 2011 3:56am
Quoting ultra_knight
I'm neither long nor short dude !!

Be watchful... if you are short... dont burn is my advice...

UJ
100dma: 77.32
200dma: 78.60
Relax dude,
I closed my long UJ @ 79.30 for 300 pips over
and now running my EU trade for 100 pips over

What up dude?

Dont talk to me if u dont have chart analysis dude ya
If there was easy money lying around,no one would be forcing it into your
  • #28,915
  • Oct 31, 2011 4:00am Oct 31, 2011 4:00am
Quoting FXMindset
Relax dude,
I closed my long UJ @ 79.30 for 300 pips over
and now running my EU trade for 100 pips over

What up dude?

Dont talk to me if u dont have chart analysis dude ya
You started replying to my posts... !
  • #28,916
  • Oct 31, 2011 4:01am Oct 31, 2011 4:01am
Quoting FXMindset
Relax dude,
I closed my long UJ @ 79.30 for 300 pips over
and now running my EU trade for 100 pips over

What up dude?

Dont talk to me if u dont have chart analysis dude ya
Take it easy mate. You're great trader, also ultra_knight. If he was a fundamentalist, we didn't need to ask him about chart.
Btw, enjoy your 400 pips
  • #28,917
  • Oct 31, 2011 4:05am Oct 31, 2011 4:05am
Before this week I was already looking for a 2012 replacement for my 06 Honda Civic. Another intervention tomorrow and I might as well start looking for an Audi A4. Thanks again BOJ
New voice message: Why are you calling me? If I need you, I'll call you!
  • #28,918
  • Oct 31, 2011 4:05am Oct 31, 2011 4:05am
It's sad that Japan seems to get worse with everything they undertake, year after year, including this thus far poorly held intervention, IMO. While the USD is a completely different beast this time around vs. previous interventions, if BoJ just hit this with $40B and packed up for the day, that is sad. Unless they are leaving big money with the notion that they are letting shorts out, but in return want their support to launch the longing boat on the yen pairs, never looking back. They'd did announce they have a formal $405B in the 'intervention chest' last week.

But so far if their strategy was to hit this in Asia and get 300 pips there, that was a dumb approach - they'd have been better to line the bid ladder slowly, letting institutional shorts out along the way, and provide verbiage that 'we will not stop until xxx' or some sort of public plan. GY has so far given back 50% of it's position, and we'll see if the 38% fall from the peak in UJ will hold.

Perhaps Azumi & Co. will make more noise same time tomorrow, and more buy stops will work on the yens; they did after all say they will not stop until they get where they want to get, and that should clearly be above 80.

But Warwick is right ... we retailers are the last ones who should be playing chicken with the BoJ.
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  • #28,919
  • Oct 31, 2011 4:06am Oct 31, 2011 4:06am
If there was easy money lying around,no one would be forcing it into your
  • #28,920
  • Oct 31, 2011 4:08am Oct 31, 2011 4:08am
Here is the charts ..
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