what is the official floor?
- #29,002
- Nov 1, 2011 5:34pm Nov 1, 2011 5:34pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #29,006
- Nov 2, 2011 12:10am Nov 2, 2011 12:10am
- Joined Apr 2011 | Status: Liverpool's KOP | 8,022 Posts | Online Now
Patience, Emotion Control and Discipline.
- #29,008
- Nov 2, 2011 1:50am Nov 2, 2011 1:50am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #29,010
- Nov 2, 2011 11:49am Nov 2, 2011 11:49am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #29,011
- Nov 2, 2011 1:07pm Nov 2, 2011 1:07pm
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
I'm just beginning to wonder if the 77.90/78.00 level will be able to resist the downward pressure.
USD/JPY M15
USD/JPY M15
- #29,012
- Nov 2, 2011 2:42pm Nov 2, 2011 2:42pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
I'm just beginning to wonder if the 77.90/78.00 level will be able to resist the downward pressure.
USD/JPY M15
Attachment
still in your short from 79.30 ?
I just am considering the chances of a next BoJ attack on current levels in order to preserve what is left of the previous one and get it above 80 to achieve a HH
Following recent history you wouldn't expect that so it becomes more likely, might give it a shot if 78 holds but still not sure
Don't be a hero. Don't have an ego. Always question yourself
- #29,013
- Nov 2, 2011 3:11pm Nov 2, 2011 3:11pm
- Joined May 2009 | Status: Trading, Not Posting | 2,130 Posts
I just am considering the chances of a next BoJ attack on current levels in order to preserve what is left of the previous one and get it above 80 to achieve a HH
Following recent history you wouldn't expect that so it becomes more likely, might give it a shot if 78 holds but still not sure
I am kinda hoping BoJ stands behind the "we will intervene until we are happy" and "we will intervene until we see it necessary" statements this time around, a la, the SB did, where they intervened 13x over weeks. (No matter it failed, lol)
Am thinking a dip/push 50 pips into that yellow zone, and a 77.5 could trigger BoJ. Their politicians have repeated this like a broken record previously, but earlier this week (and last) it seems to be more concentrated and coordinated - true, I say that statement almost after every intervention attempt, but everytime it just becomes more and more applicable, and, really BoJ needs to show some leadership here - the stakes have not been higher in many years now. (ie., Panasonic lost $5.5B in earnings, Sony will too, car companies, etc ... - add it all up, and intervention is perhaps a zero-sum game, which frankly, is excellent value IMO)
P.S. - I am actually still holding well in the money 6J shorts, and would be looking to add ... if BoJ did the SB intervention thingy, that could be a wonderful thing.
- #29,014
- Nov 2, 2011 3:14pm Nov 2, 2011 3:14pm
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
hi fos,
still in your short from 79.30 ?
I just am considering the chances of a next BoJ attack on current levels in order to preserve what is left of the previous one and get it above 80 to achieve a HH
Following recent history you wouldn't expect that so it becomes more likely, might give it a shot if 78 holds but still not sure
Yeah still in my short, currently +120.
I think it was imperative for the BOJ to push up through the level 80.23 level and I'm sure they will be bitterly disappointed not to do so.
USD/JPY D1
- #29,015
- Nov 2, 2011 3:36pm Nov 2, 2011 3:36pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Hey Bear, how's it going?
Yeah still in my short, currently +120.
I think it was imperative for the BOJ to push up through the level 80.23 level and I'm sure they will be bitterly disappointed not to do so.
USD/JPY D1
Attachment
No big trades since my UJ adventure, little pluses on EU and USOil and a few BE's nothing much, bit strange and erratic market in general atm for me, entries ok not the folow-ups I would like to see.
Still configuring BoJ's thoughts, can't believe they are stupid think this time PA is more controlled by BoJ that what we would expect so might go against you which is quit a daring task
Don't be a hero. Don't have an ego. Always question yourself
- #29,016
- Nov 2, 2011 4:02pm Nov 2, 2011 4:02pm
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
marvelous job fos, didn't have the balls to short this thing.
No big trades since my UJ adventure, little pluses on EU and USOil and a few BE's nothing much, bit strange and erratic market in general atm for me, entries ok not the follow-ups I would like to see.
Still configuring BoJ's thoughts, can't believe they are stupid think this time PA is more controlled by BoJ that what we would expect so might go against you which is quit a daring task
I don't see this current level any different to the 76.00 level (longs are still hoping for intervention to take prices higher).
Sellers are still keen to sell any up move and the last intervention just pushed prices up to the supply but couldn't suck it up with a perfect bounce of the descending trend line (above chart).
The BOJ now have to come up with something special through continued interventions and hope for more Dollar strength for any sustainable upward moves.
I think until that happens, I will be prepared to sell the interventions until the BOJ prove they are serious.
- #29,017
- Nov 2, 2011 4:32pm Nov 2, 2011 4:32pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Long-entry @ 77.77 just above MPP
Stop @ 77.40 below 50% retrace and weekly R3
UJ D1:
Stop @ 77.40 below 50% retrace and weekly R3
UJ D1:
Don't be a hero. Don't have an ego. Always question yourself
- #29,019
- Nov 2, 2011 5:09pm Nov 2, 2011 5:09pm
- Joined May 2009 | Status: User of Geppy patience pills | 7,645 Posts
Don't be a hero. Don't have an ego. Always question yourself
