Don't follow me! You can and most likely will LOSE all your money!!!!
- #31,181
- Jul 22, 2012 7:55pm Jul 22, 2012 7:55pm
- Joined Jul 2012 | Status: "Winners knowl"!! | 2,171 Posts
- #31,182
- Jul 22, 2012 8:02pm Jul 22, 2012 8:02pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #31,183
- Jul 22, 2012 8:16pm Jul 22, 2012 8:16pm
- Joined Jul 2012 | Status: "Winners knowl"!! | 2,171 Posts
Don't follow me! You can and most likely will LOSE all your money!!!!
- #31,184
- Jul 22, 2012 8:31pm Jul 22, 2012 8:31pm
- Joined Jul 2012 | Status: "Winners knowl"!! | 2,171 Posts
Actually id like to pose this question....
With risk aversion leading to strong YEN... why would people be buying YEN if the Japanese economy slips into recession due to lack of exports may i ask??
Yes indeed the yen strength is from risk aversion from other country... but whats the use of holding YEN if the Japanese economy is faltering ever since 1980?
Sooner or later the YEN will weaken, but we'll see significant moves when that happens....
for now... short on pullback with tight SL is the strategy to play...
BTW if this is truly your thoughts on Usd/Jpy shouldnt you change your sentiment to bearish instead of bullish with conviction? Just sayin. Doesnt really matter to me lol. Im just a blind squirrell trying to find a nut.
Don't follow me! You can and most likely will LOSE all your money!!!!
- #31,185
- Jul 22, 2012 8:39pm Jul 22, 2012 8:39pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
BTW if this is truly your thoughts on Usd/Jpy shouldnt you change your sentiment to bearish instead of bullish with conviction? Just sayin. Doesnt really matter to me lol. Im just a blind squirrell trying to find a nut.
we have seen time and time again how the Americans are printing money and getting themselves into debt and yet their economy survives...
BOJ can print money.... but i am really wondering why they are not doing anything yet....
NEVER EVER think that a National Bank can run out of money....
problem with the japanese economy is because of its early boom in 1980s, the economy has been in decline ever since and the YEN is deflating.... while demand for YEN is up.... even if they printed money, they will just owe people EVEN MORE money.... but its better than to see its economy by which they are export oriented, to completely die... THEN they will suffer big time on cost push inflation while their money's been deflating....
UPDATE: Latest figure of BOJ's Current Account Balance.... they got 22,200 Billion Yen... thats 22 Trillion Yen to flood the market if they please....
http://twitter.com/DailyFXTeam/statu...94662367154176
once again dont ever ever say the Japs are broke... yes their Debt to GDP ratio is without a doubt unsustainable BUT... their Debt are to their own people and Japanese are patriotic to their country
Japs are people who are like "Till death do us part" type.... they are unlikely to give up on their own country.... so no fear of widespread Demand for National debt payback.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #31,186
- Jul 22, 2012 10:53pm Jul 22, 2012 10:53pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #31,187
- Jul 22, 2012 11:01pm Jul 22, 2012 11:01pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #31,188
- Jul 23, 2012 3:05am Jul 23, 2012 3:05am
approaching critical demand level again...lots of stops below 77.6 which could be soon taken out.... a clear break below 78.6 fib level should also lead to further downside momentum but i don't expect a new all time low as i think BOJ will try to avoid it 
- #31,191
- Jul 23, 2012 5:28am Jul 23, 2012 5:28am
- Joined Jun 2010 | Status: zero | 20,603 Posts
likewise likewise...
good god save the world.... what we need is a volcanic eruption near Europe and Gold minerals get blasted out, then Europe can claim it to save itself....
Best I ever read about Euro 
it seems that the UJ is nearing the end of its rally on the H1. ~78.28 looks to be a swing high with the pair struggling to go higher than the current ~78.20. It does not appear as though it can go much higher than the current swing high. Any other views?
- #31,193
- Jul 26, 2012 8:09am Jul 26, 2012 8:09am
- Joined Jul 2012 | Status: "Winners knowl"!! | 2,171 Posts
Don't follow me! You can and most likely will LOSE all your money!!!!
- #31,195
- Jul 27, 2012 8:02am Jul 27, 2012 8:02am
- Joined Jul 2012 | Status: "Winners knowl"!! | 2,171 Posts
Don't follow me! You can and most likely will LOSE all your money!!!!
- #31,198
- Jul 27, 2012 11:58am Jul 27, 2012 11:58am
- Joined Jul 2012 | Status: "Winners knowl"!! | 2,171 Posts
How much did you scale back on your 1st target?
I'm letting this one run, expecting to get out of 1st half of trade at around 79.00 letting the 2nd half run.
I took 25% off you will notice I have 4 targets thats how much ill be taking off along the way till i reach T4. After that i will roll stops up as far as she lets me. Looking for a Bat pattern completion at 83.43. A lot can happen between now and then though and Im sure price action will give me more opportunities to add to a winning trade.
patiently!
Don't follow me! You can and most likely will LOSE all your money!!!!