DislikedWhat's the best way to digest this info?
PA wise, USD/JPY is spiking up (after a ~45 pip stop kill), EUR/USD down, assuming US dollar up?Ignored
Those who say it cannot be done should not interrupt those who are doing it
- #28,101
- Apr 26, 2012 11:10pm Apr 26, 2012 11:10pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #28,102
- Apr 26, 2012 11:18pm Apr 26, 2012 11:18pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
The BOJ decision...
There is now some confusion as to whether the expansion is 10 trillion or 5 trillion.
ADD: My take is that they will purchase an additional 10 Trillion in JGBs but reduce their fixed rate funds-supplying operations of shorted dated securities by 5 Trillion. That's a net increase of 5 Trillion. That probably explains why the USD/JPY has not rallied as much as one would expect. I could be wrong but that's how I'm reading it.
There is now some confusion as to whether the expansion is 10 trillion or 5 trillion.
ADD: My take is that they will purchase an additional 10 Trillion in JGBs but reduce their fixed rate funds-supplying operations of shorted dated securities by 5 Trillion. That's a net increase of 5 Trillion. That probably explains why the USD/JPY has not rallied as much as one would expect. I could be wrong but that's how I'm reading it.
Those who say it cannot be done should not interrupt those who are doing it
- #28,104
- Apr 26, 2012 11:37pm Apr 26, 2012 11:37pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
the battle is too long.
which one will die, bull or bear?
i bet on cow.
I think the spectator will be dead long before bulls and the bears are done fighting. 
Those who say it cannot be done should not interrupt those who are doing it
- #28,105
- Apr 26, 2012 11:38pm Apr 26, 2012 11:38pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
You are welcome mateNeeded a little bit introduction
Those who say it cannot be done should not interrupt those who are doing it
- #28,107
- Apr 27, 2012 12:04am Apr 27, 2012 12:04am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #28,109
- Apr 27, 2012 1:08am Apr 27, 2012 1:08am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
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Those who say it cannot be done should not interrupt those who are doing it
- #28,112
- Apr 27, 2012 1:40am Apr 27, 2012 1:40am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
Morning all.
Looks like rejection from 3160.. also a Suport TL there - 4 lows on H1 TF.
Scalped long from there:
- #28,113
- Apr 27, 2012 1:40am Apr 27, 2012 1:40am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
Fibonacci Studies on a H4 timeframe. Play your level of support carefully, as euro just got hit badly from a fundamental stand [Spain downgrade and bad data]
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- #28,115
- Apr 27, 2012 1:46am Apr 27, 2012 1:46am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #28,117
- Apr 27, 2012 1:52am Apr 27, 2012 1:52am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
With the Spain downgrade, lower than expected BOJ easing and bad EZ econ data, I don't think this Bullish crab on M5 will have much effect.
Those who say it cannot be done should not interrupt those who are doing it
- #28,118
- Apr 27, 2012 1:59am Apr 27, 2012 1:59am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
hehe sold a tiny bit more, hoping london takes this to 1.31XX
1.3150 key point
- #28,119
- Apr 27, 2012 2:00am Apr 27, 2012 2:00am
- Joined Oct 2009 | Status: Whn Market Warms u..U keep it Kool | 6,578 Posts
- #28,120
- Apr 27, 2012 2:08am Apr 27, 2012 2:08am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it