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  • #32,761
  • Jan 14, 2013 9:12am Jan 14, 2013 9:12am
This shit is looking super hot. Trying a long here @89.30 with 91 as target.
When Scalpers win, I lose and Vice varsa...
  • #32,762
  • Jan 14, 2013 9:15am Jan 14, 2013 9:15am
Quoting Goldflake
This shit is looking super hot. Trying a long here @89.30 with 91 as target.
i see a bear are you sure your not
short telling others to long? lol
  • #32,763
  • Jan 14, 2013 6:48pm Jan 14, 2013 6:48pm
ASIA MARKETSJanuary 14, 2013, 8:32 p.m. ET

Nikkei Hits 32-Month High on Weaker Yen


By DANIEL INMAN

Japanese stocks hit a 32-month high early Tuesday, after the yen continued to weaken and ahead of the Bank of Japan's policy meeting next week.

More in Markets

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Asian 'Junk' Bonds Find Eager Buyers
Japanese markets reopened Tuesday after they were shut for a public holiday Monday. The U.S. dollar was a touch higher against the yen Tuesday at ¥89.58, adding to Monday's advance and paving the way for further gains in Japanese stocks.

The Nikkei was up 1.0% at 10,913.87 after rising as high as 10,934.31 in early trading, its highest level since April 30, 2010. Exporters continued their advance: Honda Motor 7267.TO +1.04% was up 1.0% and Canon was 1.2% higher.

The next major event scheduled in Japan is the Bank of Japan's policy meeting, which will take place next Monday and Tuesday. Investors are eager to see whether the central bank bends to the new government's will and adopts a 2.0% inflation target.

In China, the main event this week will be the release of its fourth quarter growth figures, due Friday morning. In recent months, Chinese stocks have rallied on hopes that Asia's largest economy is picking up. Friday's data will be another chance to gauge whether the recovery remains on track.

More broadly, Federal Reserve Chairman Ben Bernanke's speech Monday gave some solace to markets. Mr. Bernanke said that he was still not satisfied with the state of the economy, indicating that the Fed is still committed to expanding its balance sheet to stimulate its economy. The speech clears some confusion caused by the most recent Fed policy meeting minutes which suggested that the central bank could end its bond buying program sooner than many had expected.

South Korea's Kospi dropped 0.6% with gains in car companies unable to offset a drop in the index's largest constituent: Hyundai Motor 005380.SE +1.44% and Kia Motors 000270.SE 0.00% were up 1.4% and 0.4% respectively, while Samsung Electronics 005930.SE -1.80% lost 1.8%.

Australia's S&P/ASX 200 rose 0.2%.

Write to Daniel Inman at [email protected]
It works till it doesn't
  • #32,764
  • Jan 14, 2013 6:57pm Jan 14, 2013 6:57pm
You guys see the Japanese balking at more easing?


Japan FinMin Amari says weak yen for too long has negative impact on livelihoods.
  • #32,765
  • Jan 14, 2013 7:34pm Jan 14, 2013 7:34pm
Quoting trendpal
You guys see the Japanese balking at more easing?


Japan FinMin Amari says weak yen for too long has negative impact on livelihoods.

how powerful words can be! Yen down that much on smart talk only

Japs repatriated all YEN they need for next year or 2, and now go back to where it belongs = 75
  • #32,766
  • Jan 14, 2013 7:35pm Jan 14, 2013 7:35pm
Quoting macroman
how powerful words can be! Yen down that much on smart talk only

Japs repatriated all YEN they need for next year or 2, and now go back to where it belongs = 75
Highly unlikely that was a quick stop run. If the move is real you don't drop that fast & retrace that fast.
It works till it doesn't
  • #32,767
  • Jan 14, 2013 7:39pm Jan 14, 2013 7:39pm
Quoting DaEdge
Highly unlikely that was a quick stop run. If the move is real you don't drop that fast & retrace that fast.

it can be on true reversals. i mean last drop before real reversal. note 30Y tl.
  • #32,768
  • Jan 14, 2013 7:42pm Jan 14, 2013 7:42pm
We may see a real nice and long hammer in 20 mins in our 1hr charts.
  • #32,769
  • Jan 14, 2013 7:52pm Jan 14, 2013 7:52pm
Quoting pabloski
We may see a real nice and long hammer in 20 mins in our 1hr charts.
Time to buy for some some quick 40-50 pip profits back up to the 89.6 resistance?
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #32,770
  • Jan 14, 2013 7:54pm Jan 14, 2013 7:54pm
Quoting macroman
it can be on true reversals. i mean last drop before real reversal. note 30Y tl.
It's possible but at the time of day it happened it seems more like a run on the stops than anything, liquidity is low & trade has been getting crowded on yen crosses so why not shake em out first & then continue.
It works till it doesn't
  • #32,771
  • Jan 15, 2013 5:09am Jan 15, 2013 5:09am
Quoting DaEdge
It's possible but at the time of day it happened it seems more like a run on the stops than anything, liquidity is low & trade has been getting crowded on yen crosses so why not shake em out first & then continue.
you seem to be right. price will test bull resolve, though !
  • #32,772
  • Jan 15, 2013 7:54am Jan 15, 2013 7:54am
Quoting DaEdge
It's possible but at the time of day it happened it seems more like a run on the stops than anything, liquidity is low & trade has been getting crowded on yen crosses so why not shake em out first & then continue.
Last week there has been a similar correction, and then price extended its rally north.
I’m tempted to wait for today’s close and reload with new long positions… what do you think?
  • #32,773
  • Jan 15, 2013 8:06am Jan 15, 2013 8:06am
Quoting smokey_81
Last week there has been a similar correction, and then price extended its rally north.
I’m tempted to wait for today’s close and reload with new long positions… what do you think?
Small size & a wide stop, wait till your a head of the trade and slowly add in if it confirms your right. Trade is getting crowded so shakeouts will be in a couple of hundred pip ranges IMO
It works till it doesn't
  • #32,774
  • Jan 15, 2013 8:07am Jan 15, 2013 8:07am
Quoting macroman
you seem to be right. price will test bull resolve, though !
no more free lunches on this one it's going to be expensive to play.
It works till it doesn't
  • #32,775
  • Jan 15, 2013 11:40am Jan 15, 2013 11:40am
Been in this sucker from 78.100.

Enjoying the ride!!!
  • #32,776
  • Jan 15, 2013 12:53pm Jan 15, 2013 12:53pm
Well done!

What was going through your mind when price reached 84? Did you consider exiting, or taking partial profit?

Quoting crazy1here
Been in this sucker from 78.100.

Enjoying the ride!!!
Quoting crazy1here
Been in this for about 4 weeks now since it got to the 78.10 level.

I have two lots, 1 Im gonna TP at 80.50 level, the other, Im leaving for months/years.

If/when it breaks the 80.50/60 level, Ima going in again and riding that bastard to 84!
  • #32,777
  • Jan 15, 2013 1:05pm Jan 15, 2013 1:05pm
Quoting Pips_Cruiser
Well done!

What was going through your mind when price reached 84? Did you consider exiting, or taking partial profit?
Nope, didnt think about exiting at all. I thought it would at least pull back a bit and give me a nice entry to buy another lot, but nothing... just busted 84 and kept on going and going.

Still waiting for the pull back so I can get in at another nice entry point.
  • #32,778
  • Jan 15, 2013 1:13pm Jan 15, 2013 1:13pm
Quoting crazy1here
Nope, didnt think about exiting at all. I thought it would at least pull back a bit and give me a nice entry to buy another lot, but nothing... just busted 84 and kept on going and going.

Still waiting for the pull back so I can get in at another nice entry point.
Good job!
  • #32,779
  • Jan 15, 2013 1:20pm Jan 15, 2013 1:20pm
Thank you sir.
  • #32,780
  • Jan 15, 2013 1:30pm Jan 15, 2013 1:30pm
aud/usd pullback to 10460 for wave B if price stays bellow 10575 , then resume higher for wave C last correction.Please your toughts Luis are appreciated.
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