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USD/JPY Discussion

  • #28,981
  • Oct 31, 2011 11:29pm Oct 31, 2011 11:29pm
I am loaded on my long and on my usd short
  • #28,982
  • Oct 31, 2011 11:30pm Oct 31, 2011 11:30pm
Quoting matt9824
WOW very informative.
I have a computer sicence degree from some unknown school in england!
And I too had my longs on the U/J
you are smart, computer science is very hard... and there is no school called unknown school, lol..

I have a degree in economics but i dont really think it helps that much for trading...(or more likely that i am not smart and i do not know how to use the knowledge i learned to apply for the real market... all i remember is my professors keep talking about perfect competetion market and at my final year, they told me the perfect competetion market is not exist in the real world, wtf...)

good for you long on U/J !!! But be careful if you still hold any more UJ because in my opinion if U/J cannot stay above 81.50 (Which i do not believe it will stay above until the next US election), the long term trend is still bearish !!!

i think about key factors for trading are brave heart, non-greedy plan, not too bad technical analysis and very safe money management.
  • #28,983
  • Nov 1, 2011 12:10am Nov 1, 2011 12:10am
don't have much faith in this intervention. european people are pretty mad at japan right now. might be a one shot deal like last time and the rate will go back down to 75 again
  • #28,984
  • Nov 1, 2011 12:15am Nov 1, 2011 12:15am
Quoting Geelong_Cats
don't have much faith in this intervention. european people are pretty mad at japan right now. might be a one shot deal like last time and the rate will go back down to 75 again
Europe is a mess regardless of BOJ... Greece, Italy were do I stop.... China not giving money - Im in england and will be speaking chinese before I know it!!!
  • #28,985
  • Nov 1, 2011 12:26am Nov 1, 2011 12:26am
the death for euro zone will come soon if euro leader dont know what they do

too much talking ( like a duck ) in summit... summit summit and no action in real sector ....

better be their summit organizer hahahhahahha
Quoting matt9824
Europe is a mess regardless of BOJ... Greece, Italy were do I stop.... China not giving money - Im in england and will be speaking chinese before I know it!!!
not euphoria follower
  • #28,986
  • Nov 1, 2011 12:31am Nov 1, 2011 12:31am
Sell Stop @ 77.70 Sl @ 78.10 Risk 0,5% Tp : Open - Set In BE when the move In 40 pips Profit
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4H.png Size: 40 KB
If there was easy money lying around,no one would be forcing it into your
  • #28,987
  • Nov 1, 2011 12:35am Nov 1, 2011 12:35am
Quoting FXMindset
Sell Stop @ 77.70 Sl @ 78.10 Risk 0,5% Tp : Open - Set In BE when the move In 40 pips Profit
Good luck - Im holding my longs!!
  • #28,988
  • Nov 1, 2011 12:46am Nov 1, 2011 12:46am
Quoting matt9824
Good luck - Im holding my longs!!
You buy the hope for BOJ intervention while I am sell the facts that Yen Getting Stronger

Meanwhile my long position in the lowest low and highest high all the trend

Whatever Good luck for you too mate
If there was easy money lying around,no one would be forcing it into your
  • #28,989
  • Nov 1, 2011 12:47am Nov 1, 2011 12:47am
Quoting 2+2=4ex
Let's go short! @ 78.11, move to BE at 77.95. Take Profit 65% @ 77.15, remaining 35% open. SL @ 78.41.
Yesterday This thread awaken again but you are missing mate
If there was easy money lying around,no one would be forcing it into your
  • #28,990
  • Nov 1, 2011 12:49am Nov 1, 2011 12:49am
Quoting FXMindset
Yesterday This thread awaken again but you are missing mate
I saw that. I was here, just stayed quiet in the background.
  • #28,991
  • Nov 1, 2011 1:01am Nov 1, 2011 1:01am
Quoting 2+2=4ex
I saw that. I was here, just stayed quiet in the background.
Watching closely for short?
See you in NY Open mate - Need to sleep now


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #28,992
  • Nov 1, 2011 2:37am Nov 1, 2011 2:37am
Does everyone think the interventions was a failure?

Lets think. On the last few interventions the price stayed at around 79- 80 for a session at least.

I large company ( that depends heavily on a weaken Yen) could process 6 to 12 months worth of orders and be merry for that time and not too adversely affected if the price completely reverses to new lows.

So who has won and who has lost here? When the Yen decides to strengthen. The export company's get a 6-12 month breather and import company's wait for a excellent price at the lows.

What do you think?
  • #28,993
  • Nov 1, 2011 2:41am Nov 1, 2011 2:41am
Quoting USD-Bear
Hi Bel,
right you are, never been easy to fight BoJ, I'm inclined to think they are a lot smarter than we think.
They hate speculators and do everything in their power to kill us.
I'm preferring a more psychological approach on this, like the likelihood they return tonight would be considered large so do not long at such a moment.
The fact that I almost considered my longs a debacle last week is an example of it.
2nd. step let the market build longs from retraced levels, could take few days.

3rd. step pull it back towards 77

4th. step massively intervene again

a well just talking to myself....
Don't be a hero. Don't have an ego. Always question yourself
  • #28,994
  • Nov 1, 2011 3:38am Nov 1, 2011 3:38am
correction, 77 might be 75, world collapsing again.....
Don't be a hero. Don't have an ego. Always question yourself
  • #28,995
  • Nov 1, 2011 4:26am Nov 1, 2011 4:26am
I still have my short at 78 - hovering around breakeven!
  • #28,996
  • Nov 1, 2011 6:38am Nov 1, 2011 6:38am
Quoting USD-Bear
correction, 77 might be 75, world collapsing again.....

it seriously suck big time to see this kinda of whip saw
trade safe
  • #28,997
  • Nov 1, 2011 6:51am Nov 1, 2011 6:51am
Can't find my post from Sunday, just a sec.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #28,998
  • Edited 12:40pm Nov 1, 2011 7:04am | Edited 12:40pm
Quoting KillerWhale
I have 6 positions long now, 2 from Friday. Average 75.50. Nice position to finish it of with intervention. I have target @ 79.00. Let's just get it over with so I can quit trading YEN
Oh, here it is.

Well like I said I'll quit trading Yen for a while until it is down to a level where I can do just the same. No doubt we'll get there but it might take a few.
Finally I can quit trading this pair that I have hated since I discovered it.
I must admit that a considerable part of my NAV is built with GJ and UJ profits but the same is true for the grey hairs on my skull.
Back to EU. UCAD and other fancy pairs.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #28,999
  • Nov 1, 2011 8:53am Nov 1, 2011 8:53am
damn it , we are like brothers, think alike... switch to EU.

Quoting KillerWhale
Oh, here it is.

Well like I said I'll quit trading Yen for a while until it is down to a level where I can do just the same. No doubt we'll get there but it might take a few.
Finally I can quit trading this pair that I have hated since I discovered it.
I must admit that a considerable part of my NAV is built with GB and UJ) profits but the same is true for the grey hairs on my skull.
Back to EU. UCAD and other fancy pairs.
  • #29,000
  • Nov 1, 2011 10:37am Nov 1, 2011 10:37am
I'm long from 78.235....holding for 100-200 pips. Let's hope!
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