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Geppy's Geppy Thread (GBP/JPY)
- #6,763
- May 13, 2013 5:20pm May 13, 2013 5:20pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
i see. but what about when u-j was at 123 or so, i don't remember too many worries that yen was too weak back then... in fact, everybody and their mother went hog wild on yen pairs for carry trade 
and now what, can't a country devalue its own currency just like in the good old days?
my idea is that the rubber band for medium term (weeks/months) must snap back (83-85 or so, maybe a bit lower), smart money did a lot a selling on the way up. but after that i think they'll start hitting the can again to the upside.
and now what, can't a country devalue its own currency just like in the good old days? my idea is that the rubber band for medium term (weeks/months) must snap back (83-85 or so, maybe a bit lower), smart money did a lot a selling on the way up. but after that i think they'll start hitting the can again to the upside.
Everyone should read this, very interesting! http://www.forexlive.com/blog/2013/0...-usdjpy-bulls/
Nihil Sine Deo.
- #6,764
- May 13, 2013 5:27pm May 13, 2013 5:27pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
i see. but what about when u-j was at 123 or so, i don't remember too many worries that yen was too weak back then... in fact, everybody and their mother went hog wild on yen pairs for carry trade
And yes, I remember USD/JPY up in the 120s with the carry trade craziness
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- #6,765
- May 13, 2013 5:40pm May 13, 2013 5:40pm
- Joined Jan 2007 | Status: Trader | 3,719 Posts
it was a nice read, thanks. and my comments were only rhetorical, not trying to prove anything right or wrong either 
I wasn't implying that it's right or wrong... I just think it's wise to stay abreast of all the potential outcomes out there and how different things (like JGB yields) can possibly effect prices. And yes, I remember USD/JPY up in the 120s with the carry trade craziness
Nihil Sine Deo.
- #6,766
- May 13, 2013 8:44pm May 13, 2013 8:44pm
- Joined Nov 2012 | Status: Trader | 13,922 Posts
The More You Learn, The More You Earn.....
- #6,767
- May 14, 2013 3:56am May 14, 2013 3:56am
- Joined Feb 2012 | Status: On a Pip Diet | 1,806 Posts
Morning dudes 
I've closed all my shorts at 155.15 and opened a long here.
I see this current level as support so am buying now
I've closed all my shorts at 155.15 and opened a long here.
I see this current level as support so am buying now
To live a successful life, we must lose our fear of being wrong
- #6,769
- May 14, 2013 9:50am May 14, 2013 9:50am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
Morning dudes
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- #6,771
- May 14, 2013 10:14am May 14, 2013 10:14am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
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- #6,773
- May 14, 2013 11:21am May 14, 2013 11:21am
- Joined Feb 2012 | Status: On a Pip Diet | 1,806 Posts
Hey dudes
I've closed 30% of my long trade leaving 70% open with a TP of 156.4
I've closed 30% of my long trade leaving 70% open with a TP of 156.4
To live a successful life, we must lose our fear of being wrong
- #6,776
- May 14, 2013 11:56am May 14, 2013 11:56am
- Joined Feb 2012 | Status: On a Pip Diet | 1,806 Posts
{quote} Yeah, I'm still holding my shorts (just woke up) and it does feel like it's starting to try and put in a base here. At the same time, the 4h and daily both look like they may want to see a bit more down yet. So I'd be very careful with longs until things become a bit more clear.
I see further retrace also but the long was just a short trade...
To live a successful life, we must lose our fear of being wrong
- #6,780
- May 14, 2013 2:20pm May 14, 2013 2:20pm
- Joined Sep 2007 | Status: Trader | 6,871 Posts
{quote} For sure dude
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