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USD/JPY Discussion

  • #30,041
  • Feb 3, 2012 12:27am Feb 3, 2012 12:27am
Quoting realjumper
I asked you this question once before.......do you live on Fantasy Island?.... hu hu
no..... i just take a hint from azumi and noda to speculate...hehhee

it is my hobby fren.... for me it is interesting...hehehe

and one more thing.. im not speculators like SOros but im just a little retail speculator..hehehe
Bismillah
  • #30,042
  • Feb 3, 2012 12:28am Feb 3, 2012 12:28am
Quoting aragami
if you want to catch few pips from intervention why not to go with chf?
Atleast you know where to set SL..

Intervention on UJ will finally get it out of the picture and hopefully we will see more movements then just 15 pips per day... atleast that's what I expect from it

I am willing to go long without SL after we hit new low, doubt the price will stay few hundred pips below it with out going up. I will be going with smaller lot then usual so I can afford taking that hit if things go bad.
You might call it a gamble but in my opinion chance...
I would agree with a long if we smash through these lows by 200/300 pips but not at these levels.
  • #30,043
  • Feb 3, 2012 12:34am Feb 3, 2012 12:34am
Quoting krunfx
no..... i just take a hint from azumi and noda to speculate...hehhee

it is my hobby fren.... for me it is interesting...hehehe

and one more thing.. im not speculators like SOros but im just a little retail speculator..hehehe
No.....you're not a speculator, you're a gambler. And for someone who professes to be a fundamentalist trader, you know very little about the fundamentals of intervention......what causes it, why BOJ can't defend a 'line in the sand', the consequences (politically) of intervention and many other things. No, you're a gamble through and through.

Here's a neat little pdf that you'd be well advised to read.....and learn....hu hu
Attached File(s)
File Type: pdf Milica_Trading-JPY_&_CHF_Interventions-November_2011.pdf   148 KB | 442 downloads
Doing what you like is Freedom. Liking what you do is Happiness.
  • #30,044
  • Feb 3, 2012 12:47am Feb 3, 2012 12:47am
Quoting realjumper
No.....you're not a speculator, you're a gambler. And for someone who professes to be a fundamentalist trader, you know very little about the fundamentals of intervention......what causes it, why BOJ can't defend a 'line in the sand', the consequences (politically) of intervention and many other things. No, you're a gamble through and through.

Here's a neat little pdf that you'd be well advised to read.....and learn....hu hu
huhuhu
If there was easy money lying around,no one would be forcing it into your
  • #30,045
  • Feb 3, 2012 12:52am Feb 3, 2012 12:52am
Quoting realjumper
No.....you're not a speculator, you're a gambler. And for someone who professes to be a fundamentalist trader, you know very little about the fundamentals of intervention......what causes it, why BOJ can't defend a 'line in the sand', the consequences (politically) of intervention and many other things. No, you're a gamble through and through.

Here's a neat little pdf that you'd be well advised to read.....and learn....hu hu
I agree here with RJ and I would say words of wisdom through and through...

I said three days ago what is the point of building longs....You need so much expertise to trade this pair...properly...

Just because we are at a low....if they intervene you still dont become a trader remember that..its your luck..



Regards BW...
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #30,046
  • Feb 3, 2012 12:59am Feb 3, 2012 12:59am
Quoting BlackWid0w
I agree here with RJ and I would say words of wisdom through and through...

I said three days ago what is the point of building longs....You need so much expertise to trade this pair...properly...

Just because we are at a low....if they intervene you still dont become a trader remember that..its your luck..



Regards BW...
Even some of members Join forex for grab the intervention only (they though its easy money) even of that some brokerage recommended an investor to do so,lets said they might be lucky grab the intervention bonus but am believe they simply wont stop,they will bet again
a member which trade based on intervention expectation wont be survive in longterm
If there was easy money lying around,no one would be forcing it into your
  • #30,047
  • Feb 3, 2012 1:06am Feb 3, 2012 1:06am
Quoting BlackWid0w
I agree here with RJ and I would say words of wisdom through and through...

I said three days ago what is the point of building longs....You need so much expertise to trade this pair...properly...

Just because we are at a low....if they intervene you still dont become a trader remember that..its your luck..



Regards BW...
Thanks BW...it's difficult getting through to some people.....I don't want anyone to lose money, but some people will have to learn the hard way!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #30,048
  • Feb 3, 2012 1:28am Feb 3, 2012 1:28am
For Japan, intervention is seen as a stimulus unlike in the US where cash is being doled out.
  • #30,049
  • Feb 3, 2012 2:07am Feb 3, 2012 2:07am
Quoting realjumper
No.....you're not a speculator, you're a gambler. And for someone who professes to be a fundamentalist trader, you know very little about the fundamentals of intervention......what causes it, why BOJ can't defend a 'line in the sand', the consequences (politically) of intervention and many other things. No, you're a gamble through and through.

Here's a neat little pdf that you'd be well advised to read.....and learn....hu hu
ok i answer it for u..... that is from carry trade unwind at yen aroun 125 in 2007...its hard to change the trend because Japan deals with yen carry....

ok...am i answer ur question.... i remmebr that moment..thats why i know...hehehe

imho
Bismillah
  • #30,050
  • Feb 3, 2012 2:51am Feb 3, 2012 2:51am
Quoting krunfx
ok i answer it for u..... that is from carry trade unwind at yen aroun 125 in 2007...its hard to change the trend because Japan deals with yen carry....

ok...am i answer ur question.... i remmebr that moment..thats why i know...hehehe

imho

I commend you (in a funny sort of way) for having your comedic attitude. Whilst I think this whole intervention lotto thing is silly in the extreme, I must admit i have caught the previous interventions within a few tens of pips of the bottom. But gambling on an intervention as a way of making money is still foolhardy. I guess i was lucky.

At this time, I think that UJ will perform a corrective wave up another 50 or so pips before a break down next week to new lows.
  • #30,051
  • Feb 3, 2012 2:55am Feb 3, 2012 2:55am
Quoting Mpt
I commend you (in a funny sort of way) for having your comedic attitude. Whilst I think this whole intervention lotto thing is silly in the extreme, I must admit i have caught the previous interventions within a few tens of pips of the bottom. But gambling on an intervention as a way of making money is still foolhardy. I guess i was lucky.

At this time, I think that UJ will perform a corrective wave up another 50 or so pips before a break down next week to new lows.
ok....nvm.... i think all trade condition depent on individual skill....

if u get u get..if u not get... forget it...
hhehee...... i just want to share knowledge...no need to blame people about their idea that is help...

all i said is from my exp....ok...thanks..
Bismillah
  • #30,052
  • Feb 3, 2012 2:55am Feb 3, 2012 2:55am
Quoting sidhujag
Sarcasm is not the answer but a position of equal size would have had more of an effect during two out of three of your examples had u stuck with uj

Coupled with the fact that you inherently risk more trading with less potential reward from an intervention because of higher average atr's on ej or gj from uj u really don't have an argument statistically
Surely you misunderstood me. My argument had nothing to do with risking anything. I simply pointed out that, during an interventionist rally as Yen is sold, there have been larger PIP moves on GJ.

As the value of a UJ pip is reasonably similar to a GJ pip, then it stands that a GJ rally has more monetary reward than the related UJ rally for the same traded positions.

In your opinion I may well have no argument "statistically", but the simple fact of the matter is that you are wrong.
  • #30,053
  • Feb 3, 2012 2:56am Feb 3, 2012 2:56am
Quoting krunfx
ok....nvm.... i think all trade condition depent on individual skill....

if u get u get..if u not get... forget it...
hhehee...... i just want to share knowledge...no need to blame people about their idea that is help...

all i said is from my exp....ok...thanks..
Indeed. best wishes
  • #30,054
  • Feb 3, 2012 2:56am Feb 3, 2012 2:56am
Quoting FXMindset
Trying long 76.05 SL 20 Pips Risk 1% TP : Open
Set my Long @ BE
Attached Image (click to enlarge)
Click to Enlarge Name: UJD.png Size: 38 KB
If there was easy money lying around,no one would be forcing it into your
  • #30,055
  • Feb 3, 2012 3:08am Feb 3, 2012 3:08am
Quoting FXMindset
Set my Long @ BE
Free trade.......the best kind
Doing what you like is Freedom. Liking what you do is Happiness.
  • #30,056
  • Feb 3, 2012 3:14am Feb 3, 2012 3:14am
Quoting realjumper
Free trade.......the best kind
dont want to mess with crazy NFP mate
here my view on EU 15 Minutes,The ascending trend tested respectfully for third times now and the latest one ( third tested was formed a Pin bar beautifully) ,Just a simple chart.Sorry for my simple chart
Attached Image (click to enlarge)
Click to Enlarge Name: E15.png Size: 34 KB
If there was easy money lying around,no one would be forcing it into your
  • #30,057
  • Feb 3, 2012 3:20am Feb 3, 2012 3:20am
Quoting FXMindset
dont want to mess with crazy NFP mate
Nah.....it's a circus that I like to watch, but I seldom trade it.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #30,058
  • Feb 3, 2012 3:23am Feb 3, 2012 3:23am
Quoting FXMindset
dont want to mess with crazy NFP mate
here my view on EU 15 Minutes,The ascending trend tested respectfully for third times now and the latest one ( third tested was formed a Pin bar beautifully) ,Just a simple chart.Sorry for my simple chart
Nothing wrong with simple......I like simple

As well as NFP we have the Greece shit to come as well......and who knows what that will bring to the party?!?!?! Next week might be interesting
Doing what you like is Freedom. Liking what you do is Happiness.
  • #30,059
  • Feb 3, 2012 3:24am Feb 3, 2012 3:24am
Quoting realjumper
Nothing wrong with simple......I like simple

As well as NFP we have the Greece shit to come as well......and who knows what that will bring to the party?!?!?! Next week might be interesting
whats happening on next week mate ? seldom follow the news
If there was easy money lying around,no one would be forcing it into your
  • #30,060
  • Feb 3, 2012 3:28am Feb 3, 2012 3:28am
Quoting FXMindset
whats happening on next week mate ? seldom follow the news
Well the Greece PSI developments should get settled one way or the other. That will send the Euro up or down, and it may have an effect on the Yen due to the Yen/Euro cross. It will certainly affect the eur/usd and hopefully break it out of the range it's stuck in if NFP fails to do so!!
Doing what you like is Freedom. Liking what you do is Happiness.
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