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USD/JPY Discussion

  • #29,621
  • Jan 17, 2012 1:51am Jan 17, 2012 1:51am
Quoting USD-Bear
Trying a long @ 76.60
I'd keep a very tight stop in place.

Good luck !
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  • #29,622
  • Jan 17, 2012 1:56am Jan 17, 2012 1:56am
Quoting SIgurs
I'd keep a very tight stop in place.

Good luck !

will do, thanks
Don't be a hero. Don't have an ego. Always question yourself
  • #29,623
  • Jan 17, 2012 2:34am Jan 17, 2012 2:34am
We probably got as close to the resistance as we could and I refuse to believe that BoJ won't try anything.
But if they won't it could go south quickly
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  • #29,624
  • Jan 17, 2012 2:57am Jan 17, 2012 2:57am
With the Yen appreciating further today, is there any truth to something I read? That due to Japan announcing they arent going to Intervene that a lot of speculators who were long closed out their trades?
Therefore buying back their Yen?
  • #29,625
  • Jan 17, 2012 3:00am Jan 17, 2012 3:00am
Quoting aragami
We probably got as close to the resistance as we could and I refuse to believe that BoJ won't try anything.
But if they won't it could go south quickly
yes...agree.....they like to use verbal intervention wich their "watching" word..haha
Bismillah
  • #29,626
  • Jan 17, 2012 5:28am Jan 17, 2012 5:28am
Quoting USD-Bear
will do, thanks

Looking good, nice call !
  • #29,627
  • Jan 17, 2012 6:58am Jan 17, 2012 6:58am
Quoting USD-Bear
Trying a long @ 76.60
changed stop to BE
Don't be a hero. Don't have an ego. Always question yourself
  • #29,628
  • Jan 17, 2012 2:18pm Jan 17, 2012 2:18pm
pivots bit in the way, expecting break tonight

UJ M15:
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Don't be a hero. Don't have an ego. Always question yourself
  • #29,629
  • Jan 17, 2012 8:09pm Jan 17, 2012 8:09pm
How can the yen be so strong? I remember thinking 1.23 was too weak, but sheesh, will it ever reverse off these lows?
  • #29,630
  • Jan 17, 2012 8:29pm Jan 17, 2012 8:29pm
Quoting TIckerShuffl
How can the yen be so strong? I remember thinking 1.23 was too weak, but sheesh, will it ever reverse off these lows?
Japan Econ Min Says

Euro Moves Rapid, But Near-Term Action Unlikely

To Closely Monitor Euro Moves Vs Yen

Yen Rise Vs Euro Excessive If Firms' Expectations Considered




he said "short term action unlike;ly"..very dovish sentiment..huhu
Bismillah
  • #29,631
  • Jan 17, 2012 8:54pm Jan 17, 2012 8:54pm
Is yen worth trading other than for intervention?

I don't get this pair. It used to be very volatile.
  • #29,632
  • Jan 17, 2012 8:57pm Jan 17, 2012 8:57pm
Quoting TIckerShuffl
Is yen worth trading other than for intervention?

I don't get this pair. It used to be very volatile.

yes.....but since intervention resurface ++low us interest...it tend to move slow
Bismillah
  • #29,633
  • Jan 17, 2012 9:00pm Jan 17, 2012 9:00pm
Quoting TIckerShuffl
Is yen worth trading other than for intervention?

I don't get this pair. It used to be very volatile.
In my opinion, no, it is a rubbish pair to trade, and has been for a couple of years.

Sure you can make 200 or 300 pips up at intervention time, and then short it back over the next several weeks and months for the same amount, but I can make more pips in a week on other pairs, than there are pips available here in a month!!

When the focus comes off EZ and USA, then I'll reconsider.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #29,634
  • Jan 17, 2012 9:02pm Jan 17, 2012 9:02pm
Quoting realjumper
In my opinion, no, it is a rubbish pair to trade, and has been for a couple of years.

Sure you can make 200 or 300 pips up at intervention time, and then short it back over the next several weeks and months for the same amount, but I can make more pips in a week on other pairs, than there are pips available here in a month!!

When the focus comes off EZ and USA, then I'll reconsider.

hahaha.....u did know it6 fren...... yen is my fav pair before.... GBP/JPY 2007-2008 carry trade unwinding give me 400-500 pips a day....... u see it just one eye only...if u follow about 5 years than u can differentiate it
Bismillah
  • #29,635
  • Jan 17, 2012 9:06pm Jan 17, 2012 9:06pm
Quoting krunfx
hahaha.....u did know it6 fren...... yen is my fav pair before.... GBP/JPY 2007-2008 carry trade unwinding give me 400-500 pips a day....... u see it just one eye only...if u follow about 5 years than u can differentiate it
I'm not interested in what happened 4 years ago......I'm interested in making money *today*.....and not with carry trades....same as 99.9% of other people here.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #29,636
  • Jan 17, 2012 10:12pm Jan 17, 2012 10:12pm
yeah I give up here, back to EURUSD, AUDUSD and EURAUD...
  • #29,637
  • Jan 17, 2012 10:22pm Jan 17, 2012 10:22pm
Quoting realjumper
I'm not interested in what happened 4 years ago......I'm interested in making money *today*.....and not with carry trades....same as 99.9% of other people here.
ok just my view
Bismillah
  • #29,638
  • Jan 17, 2012 10:43pm Jan 17, 2012 10:43pm
Quoting krunfx
ok just my view
Same.....that's why I said "In my opinion"........
Doing what you like is Freedom. Liking what you do is Happiness.
  • #29,639
  • Jan 18, 2012 1:37am Jan 18, 2012 1:37am
Quoting realjumper
I'm not interested in what happened 4 years ago......I'm interested in making money *today*.....and not with carry trades....same as 99.9% of other people here.

if u want to trade any particular pair...u must know its behavior.....then u will success...

just my reminder
Bismillah
  • #29,640
  • Jan 18, 2012 1:39am Jan 18, 2012 1:39am
Quoting realjumper
In my opinion, no, it is a rubbish pair to trade, and has been for a couple of years.

Sure you can make 200 or 300 pips up at intervention time, and then short it back over the next several weeks and months for the same amount, but I can make more pips in a week on other pairs, than there are pips available here in a month!!

When the focus comes off EZ and USA, then I'll reconsider.
lol realjumper,
I know you had it with this pair and it is certainly not a pair where you can follow the existing trend.
It's not a question that if you earn your daily bread with other pairs (I do too) that you can't deal in this pair.
Mostly I do the counter's with fast BE protection instead of following the trend and in that region there are imo clear chances atm around 76.60 forming a double bottom with the november lows and the accelerated decline of the Euro lately. If no go, i'ts a BE, hell of a rr at current prices imo.
Don't be a hero. Don't have an ego. Always question yourself
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