S&P, dow, and nasdaq all gaining. Not so good sign for USD bull
Long position.. but jpy steady & stable $$$$$
- #34,912
- Jun 25, 2013 1:09pm Jun 25, 2013 1:09pm
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
90% of people, are wrong about 90% of everything, 90% of the time...
- #34,915
- Jun 25, 2013 4:33pm Jun 25, 2013 4:33pm
- Joined May 2012 | Status: CoC'd again ! | 8,578 Posts
Today I made 1% going long 97.25 -> 98.01. First trade I have made in a while so that was uplifting.
Definitely it seems that Nikkei futures are driving UJ these days.
I resort to looking at the Nikkei 225 since I don't know where to find the futures order books (...any one?).
Some good data today from the US, an equally frustrating lack of response on UJ.
Next storm clouds gathering are a Chinese Credit Crunch.
Seems that businesses can make more by lending-on investment money than they can by investing in manufacturing plant.
Of course the borrowers' may not be entirely credit worthy, hence the Chinese govt. is trying to stamp it out.
So it looks like a Chinese sub-prime lending issue is about to rear its head, ....and I am still holding stocks, but not any Chinese stocks.
A nice question for all of you: Nikkei Futures or USD/JPY - Who is the master? (it seems that it's the Futures these days...) Strange behavior, or?
I resort to looking at the Nikkei 225 since I don't know where to find the futures order books (...any one?).
Some good data today from the US, an equally frustrating lack of response on UJ.
Next storm clouds gathering are a Chinese Credit Crunch.
Seems that businesses can make more by lending-on investment money than they can by investing in manufacturing plant.
Of course the borrowers' may not be entirely credit worthy, hence the Chinese govt. is trying to stamp it out.
So it looks like a Chinese sub-prime lending issue is about to rear its head, ....and I am still holding stocks, but not any Chinese stocks.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
- #34,916
- Jun 25, 2013 8:54pm Jun 25, 2013 8:54pm
- Joined Jan 2011 | Status: dump and pump | 4,055 Posts
All posts are my personal opinion
- #34,919
- Jun 26, 2013 6:32am Jun 26, 2013 6:32am
- Joined Jan 2011 | Status: dump and pump | 4,055 Posts
Hi there....... This week I didn't trade USDJPY 'cause I was confuse in buying and I never wanted to go shortIs there anybody who is still bearish on this pair?
WHY do you even ask this? You have to understand that a successful trader makes money not because he gets other peoples opinion(s) but because he knows what to do in any situation in the market. He learns from the charts and trading systems. If you want to find out who is bullish or bearish go read some technical report or news. OR even better, look at a chart and use what you know to figure it out dont be lazy!
All posts are my personal opinion