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USD/JPY Discussion

  • #32,081
  • Nov 29, 2012 5:00am Nov 29, 2012 5:00am
Quoting moneyholic
Remember, what happened to USD/JPY in 2008? Remember Fukushima disaster? This is what hard times do to yen.
Yes my friend but I'm not trading on high volumes, I'm cascade opening, until I feel is enough for my Margin Level to sustain the current transaction until they go on profit and also taking in consideration the other scenario, with the current trades USDJPY can hit $75 for all I care and I will still have enough liquidity to keep them until they are GREEN
  • #32,082
  • Nov 29, 2012 5:06am Nov 29, 2012 5:06am
Quoting MisterSpread
Yes my friend but I'm not trading on high volumes, I'm cascade opening, until I feel is enough for my Margin Level to sustain the current transaction until they go on profit and also taking in consideration the other scenario, with the current trades USDJPY can hit $75 for all I care and I will still have enough liquidity to keep them until they are GREEN

Well, correct me if I am wrong but from what you are saying I understand that you believe that USDJPY moves within range. What makes you think so?
  • #32,083
  • Nov 29, 2012 5:18am Nov 29, 2012 5:18am
Quoting moneyholic
Well, correct me if I am wrong but from what you are saying I understand that you believe that USDJPY moves within range. What makes you think so?
As any pair it has a range right? But right now I just have 6 trades opened on BUY, what I said is that I have enough Margin Level to sustain this 6 trades even if USDJPY goes to $75
  • #32,084
  • Nov 29, 2012 5:19am Nov 29, 2012 5:19am
Bull Flag?
or is it invalid?

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  • #32,085
  • Nov 29, 2012 5:20am Nov 29, 2012 5:20am
Quoting moneyholic
Well, correct me if I am wrong but from what you are saying I understand that you believe that USDJPY moves within range. What makes you think so?
Bang on the money!!!

The Japanese economy is stuffed. We know that. They know that. But more than 20 years of deflation and govt. incompetance cannot be turned around on a dime. So to speak.

USDJPY lives in a consolidation pattern (of sorts). Eventually, the market will see fit to complete it. Probably to the downside. No amount of interventions costing how many billion dollars have addressed the issue. Soon, I'm sure, a new administration will bring back a modicum of inflation and try to grow the economy. At around that point, USDJPY will go into a reversal pattern and slowly but surely start to climb. On its own. One day it'll be back over 100~120.

But, just to sit here waiting for some magical overnight change is silly. Just like those who joined up on FF, heard about BOJ interventions and waited. And waited. About 3 months ago I came on here and reminded these poor souls that the last intervention was a year ago. To the minute.

I seek not to abuse anyone, but try to make them see some sense. Trade the pair (if that's what gets you off) but wait for that eventual reversal. IT WILL COME
  • #32,086
  • Nov 29, 2012 5:21am Nov 29, 2012 5:21am
usd/jpy might come down here a bit if JPY futures maintains this consolidation range and successfully test this lower band.
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  • #32,087
  • Nov 29, 2012 5:24am Nov 29, 2012 5:24am
Quoting MisterSpread
As any pair it has a range right? But right now I just have 6 trades opened on BUY, what I said is that I have enough Margin Level to sustain this 6 trades even if USDJPY goes to $75
Yeah, I got this bit about your MM. JPY cycle takes decades, you must be very patient
  • #32,088
  • Nov 29, 2012 5:26am Nov 29, 2012 5:26am
Quoting Mpt
Bang on the money!!!

The Japanese economy is stuffed. We know that. They know that. But more than 20 years of deflation and govt. incompetance cannot be turned around on a dime. So to speak.

USDJPY lives in a consolidation pattern (of sorts). Eventually, the market will see fit to complete it. Probably to the downside. No amount of interventions costing how many billion dollars have addressed the issue. Soon, I'm sure, a new administration will bring back a modicum of inflation and try to grow the economy. At around that point, USDJPY...
I've seen all sorts in my life, but here is the prophet:d
  • #32,089
  • Nov 29, 2012 5:30am Nov 29, 2012 5:30am
Quoting Mpt
Bang on the money!!!

The Japanese economy is stuffed. We know that. They know that. But more than 20 years of deflation and govt. incompetance cannot be turned around on a dime. So to speak.

USDJPY lives in a consolidation pattern (of sorts). Eventually, the market will see fit to complete it. Probably to the downside. No amount of interventions costing how many billion dollars have addressed the issue. Soon, I'm sure, a new administration will bring back a modicum of inflation and try to grow the economy. At around that point, USDJPY...

Sir, maybe if you would have payed a bit more attention to the fundamentals and done a bit of research you would knew at least some facts:

I don't know where you are from but here in this part of the world, I wake up at 2:00 AM so I can see what the Samurai's are saying:

http://www.boj.or.jp/en/announcement...ko121126a1.pdf

Read it and tell me if I'm still a moron or not for going long since $81.05, cheers !
  • #32,090
  • Nov 29, 2012 5:32am Nov 29, 2012 5:32am
Quoting moneyholic
I've seen all sorts in my life, but here is the prophet:d
New member. 14 posts. Lost nothing (so far). Report back in five years. I've seen heaps of people lose it ALL with this this pair. At 120 it had bottomed. Then 100 was the low. No, 90 is it. It can't go below 84. 80 must be it. Then it hit 75. It sits now at 82. Get real. Learn a little history and don't be so full of yourself.
  • #32,091
  • Nov 29, 2012 5:34am Nov 29, 2012 5:34am
Quoting MisterSpread
Sir, maybe if you would have payed a bit more attention to the fundamentals and done a bit of research you would knew at least some facts:

I don't know where you are from but here in this part of the world, I wake up at 2:00 AM so I can see what the Samurai's are saying:

http://www.boj.or.jp/en/announcement...ko121126a1.pdf

Read it and tell me if I'm still a moron or not for going long since $81.05, cheers !

If 20 or 50 pips excites you, then so be it. USDJPY has not yet reached its lows
  • #32,092
  • Nov 29, 2012 5:34am Nov 29, 2012 5:34am
Quoting Mpt
New member. 14 posts. Lost nothing (so far). Report back in five years. I've seen heaps of people lose it ALL with this this pair. At 120 it had bottomed. Then 100 was the low. No, 90 is it. It can't go below 84. 80 must be it. Then it hit 75. It sits now at 82. Get real. Learn a little history and don't be so full of yourself.
Speaking about history, again when was this pair $73 ? Before you say to someone that he is stupid or ugly, look in the mirror will ya?
  • #32,093
  • Nov 29, 2012 5:40am Nov 29, 2012 5:40am
Quoting MisterSpread
Speaking about history, again when was this pair $73 ? Before you say to someone that he is stupid or ugly, look in the mirror will ya?
I fail to understand your question. USDJPY hit 75.35 in pre trading on October 31 2011 at about 4 hours before Tokyo opened
  • #32,094
  • Nov 29, 2012 5:42am Nov 29, 2012 5:42am
Right folks, let's stop these pussies' talks about who sees the future in his/her crystal ball. It is all about probabilities, after all. Let's chat about trades and ideas. Here is mine: not doing anything at the moment, waiting either for 81.68 (about this week's low) to go long, or for 82.4, also to enter long. If all goes to hell then I'll follow, going short at 79.1. In the meantime, there may be some scalps (2-5pips), for which RSI is usually quite good.
How about you?
  • #32,095
  • Nov 29, 2012 5:45am Nov 29, 2012 5:45am
Quoting Mpt
I fail to understand your question. USDJPY hit 75.35 in pre trading on October 31 2011 at about 4 hours before Tokyo opened
Mpt i agree with all you said about the fall from 100 down through 80 everybody said it wont go further but it always has a habit of doing so.

But do you not think things are a little bit different this time? I think and it is only my opinion that we wont see a record low in this pair data out of america has not been so bad and they will sort the fiscal cliff out so the spotlight may shift to japan i'm not saying this will happen overnight but as i said the market is forward looking and will start to price this in.

feel free to remind me of this post when ben bernanke announces QE4 and this thing tanksthrough 75.
  • #32,096
  • Nov 29, 2012 5:45am Nov 29, 2012 5:45am
Quoting moneyholic
Right folks, let's stop these pussies' talks about who sees the future in his/her crystal ball. It is all about probabilities, after all. Let's chat about trades and ideas. Here is mine: not doing anything at the moment, waiting either for 81.68 (about this week's low) to go long, or for 82.4, also to enter long. If all goes to hell then I'll follow, going short at 71.9. In the meantime, there may be some scalps (2-5pips), for which RSI is usually quite good.
How about you?

Well said. Trade well and don't speculate (particularly relying on any politician). bye for now
  • #32,097
  • Nov 29, 2012 5:47am Nov 29, 2012 5:47am
Quoting Mpt
New member. 14 posts. Lost nothing (so far). Report back in five years. I've seen heaps of people lose it ALL with this this pair. At 120 it had bottomed. Then 100 was the low. No, 90 is it. It can't go below 84. 80 must be it. Then it hit 75. It sits now at 82. Get real. Learn a little history and don't be so full of yourself.
Excuse me, but you know absolutely NOTHING about me, my trading history, P/Ls etc. I admire the fact that you are a seasoned FF veteran, but may I remind you, Highness, that gerontocracy has never - ever - worked. Most likely due to dementia. And this is actually a great history lesson.
  • #32,098
  • Nov 29, 2012 5:48am Nov 29, 2012 5:48am
Quoting Mpt
OMG!!!!!!!!!!!

Just like shitloads of others before me, I'm outa here. The idiots really are in control. When USDJPY hits 73, maybe you've got a good case.

Bye

I rest my because you don't know what you are saying , you said that USDJPY hits $73 and now you try to change to 75? ntz ntz not good Nostraderdamus
  • #32,099
  • Nov 29, 2012 5:49am Nov 29, 2012 5:49am
Quoting brinks
Mpt i agree with all you said about the fall from 100 down through 80 everybody said it wont go further but it always has a habit of doing so.

But do you not think things are a little bit different this time? I think and it is only my opinion that we wont see a record low in this pair data out of america has not been so bad and they will sort the fiscal cliff out so the spotlight may shift to japan i'm not saying this will happen overnight but as i said the market is forward looking and will start to price this in.

feel free to remind me of...
Brink look at my post he said $73 not $75 like he tries it now....I'm done with him, kudos to $Holic and his quote about dementia
  • #32,100
  • Nov 29, 2012 5:51am Nov 29, 2012 5:51am
Quoting brinks
Mpt i agree with all you said about the fall from 100 down through 80 everybody said it wont go further but it always has a habit of doing so.

But do you not think things are a little bit different this time? I think and it is only my opinion that we wont see a record low in this pair data out of america has not been so bad and they will sort the fiscal cliff out so the spotlight may shift to japan i'm not saying this will happen overnight but as i said the market is forward looking and will start to price this in.

feel free to remind me...
I was just about to leave. Yes, your comments have merit. Things may be different. But how fast do things really change in the real world? I still think this pair will bottom before the long and boring climb north. Starting probably in 2013~2014. And continuing for some years after that. But i really get peeved when people seem to think that one wonderful day in december 2012 all their dream will come true.
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