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USD/JPY Discussion

  • #43,221
  • Feb 17, 2014 8:17pm Feb 17, 2014 8:17pm
I would be a little be careful on taking long position on a pure technical side. It just bounced right off 100SMA. Eyeing 200 SMA at around 100.500 area?
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  • #43,222
  • Edited 8:31pm Feb 17, 2014 8:20pm | Edited 8:31pm
and i had a feeling the 102.15 ish just moment ago was a stop sweep.
  • #43,223
  • Feb 17, 2014 8:25pm Feb 17, 2014 8:25pm
Quoting Capelli
{quote} So many tentative from Japan. How often they have a speech and the time is not told in advance
Yeah it could be wild as always
  • #43,224
  • Feb 17, 2014 9:06pm Feb 17, 2014 9:06pm
Quoting Ken A
{quote} Yeah it could be wild as always
Hi Ken, How are you?
Yes I closed 2 lots(6 to 4) already and was trying to close more trades yesterday, but it seems hard for me. I need your help bro.
I will be very happy when I make myself out of this pickle. Good luck!
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  • #43,225
  • Feb 17, 2014 9:13pm Feb 17, 2014 9:13pm
Quoting linmou
{quote} Hi Ken, How are you? Yes I closed 2 lots(6 to 4) already and was trying to close more trades yesterday, but it seems hard for me. I need your help bro. I will be very happy when I make myself out of this pickle. Good luck! {image}
You are deeper in red later BOJ have agenda and looks like your sell lots are more than buy. The other day when I said the up move was capped by 102.80 was the perfect day to close the buy 102.5x in profits. Guess you will have to wait because I have no idea what BOJ is going to say.

Edit:

I say use the balance equity to open small trade to build up the equity then take care of the old trades.

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  • #43,226
  • Feb 17, 2014 9:17pm Feb 17, 2014 9:17pm
Quoting linmou
{quote} Hi Ken, How are you? Yes I closed 2 lots(6 to 4) already and was trying to close more trades yesterday, but it seems hard for me. I need your help bro. I will be very happy when I make myself out of this pickle. Good luck! {image}
Just curious, are you new in FF? Coz you invested quite a lot on each trade
  • #43,227
  • Feb 17, 2014 9:23pm Feb 17, 2014 9:23pm
Quoting Ken A
{quote} You are deeper in red later BOJ have agenda and looks like your sell lots are more than buy. The other day when I said the up move was capped by 102.80 was the perfect day to close the buy 102.5x in profits. Guess you will have to wait because I have no idea what BOJ is going to say. {image}
Thank you Ken! Hope I have one more chance to close some of them.
  • #43,228
  • Feb 17, 2014 9:27pm Feb 17, 2014 9:27pm
Quoting linmou
{quote} Thank you Ken! Hope I have one more chance to close some of them.
Will you be able to work with the balance $400 ?

If you can, open buy from 101.9x 0.1 lot stop loss 101.40 target 102.30/50

Note: this is my personal opinion and it has risk because I have no control over PA movement.

Edit: do nothing now BOJ is on the wires
  • #43,229
  • Feb 17, 2014 9:43pm Feb 17, 2014 9:43pm
Quoting linmou
{quote} Thank you Ken! Hope I have one more chance to close some of them.
Ah if you know how to trade news, there's 80 pip for G/J, 70 pips for E/J and U/J etc in less than 5 mins

But do not short yet
  • #43,230
  • Feb 17, 2014 9:49pm Feb 17, 2014 9:49pm
I shorted at 102.42
  • #43,231
  • Feb 17, 2014 9:50pm Feb 17, 2014 9:50pm
What does this move mean? Is it just going to keep going up?
  • #43,232
  • Feb 17, 2014 9:53pm Feb 17, 2014 9:53pm
Bank of Japan just released their Statement on Monetary Policy

No major changes to the current policy.

Interesting note on Kiuchi (known to oppose BoJ's QQE program) in the making of the statement:
Mr. T. Kiuchi proposed that the Bank will aim to achieve the price stability target of 2% in the medium to long term and desgnate quantitative and qualitative monetary easing as an intensive measure with a time frame of about 2 years. The proposal was defeated by 8-1 vote (1 being Mr. Kiuchi
  • #43,233
  • Feb 17, 2014 10:00pm Feb 17, 2014 10:00pm
I am not going to short against BOJ and against all the buy stops

Full of pips from the longs why must go short
  • #43,234
  • Feb 17, 2014 10:04pm Feb 17, 2014 10:04pm
Quoting Ken A
I am not going to short against BOJ and against all the buy stops Full of pips from the longs why must go short
Because stopping a train is more epic than riding one!
  • #43,235
  • Feb 17, 2014 10:05pm Feb 17, 2014 10:05pm
Quoting EmeraldEyes
{quote} Because stopping a train is more epic than riding one!
Yes the thrill
  • #43,236
  • Feb 17, 2014 10:12pm Feb 17, 2014 10:12pm
Wow huge 15 min move there on UJ.
  • #43,237
  • Feb 17, 2014 10:13pm Feb 17, 2014 10:13pm
Quoting Ck87
Wow huge 15 min move there on UJ.
U/J is nothing but G/J with multiple orders
  • #43,238
  • Feb 17, 2014 10:13pm Feb 17, 2014 10:13pm
Quoting Ken A
{quote} U/J is nothing but G/J with multiple orders
Haha, yeah GJ always kills it compared to UJ, nice trades buddy, glad to see you're doing well.
  • #43,239
  • Feb 17, 2014 10:15pm Feb 17, 2014 10:15pm
Quoting Ck87
{quote} Haha, yeah GJ always kills it compared to UJ, nice trades buddy, glad to see you're doing well.
Yeah the only time I can make quick pips are from news and data release NFP etc etc
  • #43,240
  • Feb 17, 2014 10:22pm Feb 17, 2014 10:22pm
Quoting Ken A
{quote} Yeah the only time I can make quick pips are from news and data release NFP etc etc
You staying long for a bigger move?
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