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  • #1,055,241
  • Feb 9, 2016 12:25am Feb 9, 2016 12:25am
Quoting Pipologist
{quote} You don't seem to understand that the J economy is actually better off with a stronger yen, with the exception of global multinationals like Toyota, Toshiba, and a few others. Domestically for the average person, a stronger yen means better and more secure life/style. BOJ with the PM and head of CB is/was trying to create an asset bubble like US and Europe. It's a well known fact in investment circles the the PM has a Bloomberg terminal in his office. What kind of head of state has a freakin Bloomberg in his office while running the country?...
for a guy who dont understand.. i think i pretty much posted this years ago.. and its now today's reality..

it dont matter who is better off.. the reality is reality..

a country on a volcano eating seaweed.. thats debt is greater than 2x gdp.. better off... blow that smoke up someones ass who dont know better.
those who can, do. those who cant, talk about those who can
  • #1,055,242
  • Feb 9, 2016 12:35am Feb 9, 2016 12:35am
Quoting ill_be_back
Pending Triggered, {image}
Morning. Do remember that London likes the "50" and the "00" mark.
And that on a Tuesday the 4hr macd, at London 12pm time, wants to reset towards or cross the zero line.This trend is normally held for the next 24 hrs to 48 hrs.
So if we are still this low when London opens, price could go up to th "25" mark, before coming down at 12pm. Which is why I suggest never plaing trades till seeing which way he market is moving for London to go.
Forex, awful to watch, AWESOME to play
  • #1,055,243
  • Feb 9, 2016 12:38am Feb 9, 2016 12:38am
Quoting gatorinla
boj goes to negative rates, dragis signals more easing. both of these should weaken on this alone (yen and euro) the fed raised rates.. usd should rise..... whats wrong with this picture??? all most have posted here as fact for years is turned on its head. the more equity's drop the more this continues. uj is a equity thermometer, uj is well above a normal retrace level.. and that reverts back to , the more equity's drop the more the above happens. meanwhile the u.s has its exports cheaper to japan and europe. while the ez and japan products are...
It's actually a good thing right now that the UJ went down (and it may have been orchestrated, the big 3 CBs are not stupid, control (read: manipulate) rates very carefully and most likely consult with the other CBs regarding major decisions, at least to some extent).

A normal layperson reaction would have seen the UJ immediately go to 130 after the news last week. However, big big big money cant and doesn't move that fast and stay there. Unfortunately, 125/130 and more is in the cards for UJ, months later 160 is going to create some major global problems, 200 to 300 is prep for a major crisis. I don't want to be the messenger that gets shot and hope that a 1:1:1 US/EUR/JPY reset comes and stays. But we all know how long that would last.

BOJ would be better off letting the yen stay under 100 and let the market perceive it's value. At under 100 BOJ can buy more foreign assets and profitable companies can buy overseas companies (like the beverage companies did the last couple of years...I'm sure you are aware that the U.S. Kentucky Bourbon industry is pretty much owned by Japanese bev companies).

However, big domestic multinationals (read: Toyota and a few others) are in the PMs pockets, as is everywhere and they're saying we need 125 USJPY to make a profit and pay bonues and "revive" the economy.

Unfortunately, the PM is hard headed and doesn't understand what kind of long term damage comes from a weak currency. That vote last week was 5/4 and it was political guaranteed.

This is what happens when politicians start directing the CBs policies.
  • #1,055,244
  • Feb 9, 2016 12:38am Feb 9, 2016 12:38am
the plot thickens.. m bloomberg running chances increase.
those who can, do. those who cant, talk about those who can
  • #1,055,245
  • Feb 9, 2016 12:42am Feb 9, 2016 12:42am
So what's the prediction for Trump if Michael runs
  • #1,055,246
  • Feb 9, 2016 12:43am Feb 9, 2016 12:43am
Morning all
Last week Friday, Euro has a strong rejection of the monthly R3 at 1.1243, and yesterday we bounced up rom the monthly R2 at 1.1113.
I wll look to sell at break of 1.2000 back to:

? retest the monthly R2 at 1.1113, if breaks then targeting monthly R1 at 1.0969
? find support at weekly pivot 1.1072
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  • #1,055,247
  • Feb 9, 2016 12:46am Feb 9, 2016 12:46am
Quoting Pipologist
{quote} It's actually a good thing right now that the UJ went down (and it may have been orchestrated, the big 3 CBs are not stupid, control (read: manipulate) rates very carefully and most likely consult with the other CBs regarding major decisions, at least to some extent). A normal layperson reaction would have seen the UJ immediately go to 130 after the news last week. However, big big big money cant and doesn't move that fast and stay there. Unfortunately, 125/130 and more is in the cards for UJ, months later 160 is going to create some major...
im a chart guy. the fundies have failed for the 1000 pip drop. the chart indicated 114.95 and now 106.xx even after a negative rate cut.. lets go back to 125... whats the fundies say there? people always invent reasons after the fact. chart said 114.95 before the move. charts indicates 106.xx before the move.. so if its wrong. i will say i am wrong. the fundies guys should do the same.
those who can, do. those who cant, talk about those who can
  • #1,055,248
  • Feb 9, 2016 12:49am Feb 9, 2016 12:49am
Quoting Ken A
So what's the prediction for Trump if Michael runs
he can't brag about billions.. bloomberg has 40ish billion.. some say 10x more than dt.. bloomberg can fund his own also.
those who can, do. those who cant, talk about those who can
  • #1,055,249
  • Feb 9, 2016 12:51am Feb 9, 2016 12:51am
Quoting gatorinla
{quote} im a chart guy. the fundies have failed for the 1000 pip drop. the chart indicated 114.95 and now 106.xx even after a negative rate cut.. lets go back to 125... whats the fundies say there? people always invent reasons after the fact. chart said 114.95 before the move. charts indicates 106.xx before the move.. so if its wrong. i will say i am wrong. the fundies guys should do the same.
2 kinds of fundamentals

1. Unknown fundamentals which precede chart movement and cause wtf moves.

2. Known fundamentals which always takes months/years to come to fruition.

Most chart traders including myself don't hold most trades for over a year, let alone a month.
  • #1,055,250
  • Feb 9, 2016 12:53am Feb 9, 2016 12:53am
actually USD/JPY drop is SURE since Head And Shoulders... IF they will not make false breakout/traps for bears.
"I'm not answering stupid questions."
  • #1,055,251
  • Feb 9, 2016 12:56am Feb 9, 2016 12:56am
Think USDJPY has seen interim bottom....
Expecting climb back up to 117 within 2 weeks at most maybe by end of this week...
Then slug out to 120 after that
Then the devaluation shit starts hitting the fan..
130 before end of year, hold above 120 - 125 at end of year
  • #1,055,252
  • Feb 9, 2016 12:59am Feb 9, 2016 12:59am
Quoting Pipologist
{quote} 2 kinds of fundamentals 1. Unknown fundamentals which precede chart movement and cause wtf moves. 2. Known fundamentals which always takes months/years to come to fruition. Most chart traders including myself don't hold most trades for over a year, let alone a month.
the boj took a nation of savers. the same way most central banks did. they stole the money of savers by devaluing their savings. that's a cancer on society. it just creates a bubble the same as any ponzi scheme. you always need new money to pump the bubble. those financially uneducated savers will be forced to buy in on the bubble. many will lose the principal. either by cb theft or bubble pop.
those who can, do. those who cant, talk about those who can
  • #1,055,253
  • Feb 9, 2016 1:04am Feb 9, 2016 1:04am
Quoting edyraper
gbpusd working for a R make or break shorts here stops a little bit wider ... eu not moving,eh. leaving desk bbl
cable on the move
  • #1,055,254
  • Feb 9, 2016 1:04am Feb 9, 2016 1:04am
Quoting gatorinla
{quote} the boj took a nation of savers. the same way most central banks did. they stole the money of savers by devaluing their savings. that's a cancer on society. it just creates a bubble the same as any ponzi scheme. you always need new money to pump the bubble. those financially uneducated savers will be forced to buy in on the bubble. many will lose the principal. either by cb theft or bubble pop.
even worse...end up buying stocks at the top along with institutions late to the game and lose much more than minus 1 percent.

the PM grew up in the bubble economy and most likely thinks that another bubble can be created, or at least is trying to create one

problem is this time it's a paper bubble instead of a manufacturing bubble.
  • #1,055,255
  • Feb 9, 2016 1:06am Feb 9, 2016 1:06am
Quoting Malchi
actually USD/JPY drop is SURE since Head And Shoulders... IF they will not make false breakout/traps for bears.
UJ may surprise a lot of us. even if it will continue downtrend, it will retrace back to at least 118.19 first
  • #1,055,256
  • Feb 9, 2016 1:07am Feb 9, 2016 1:07am
avatrade is down?
  • #1,055,257
  • Feb 9, 2016 1:07am Feb 9, 2016 1:07am
Quoting edyraper
{quote} cable on the move
Are you long on this?
  • #1,055,258
  • Feb 9, 2016 1:09am Feb 9, 2016 1:09am
Quoting Freelve
{quote} Are you long on this?
Quoting edyraper
gbpusd working for a R make or break shorts here stops a little bit wider ... eu not moving,eh. leaving desk bbl
nope shorts from 443x

Quoting Freelve
{quote} Are you long on this?
waiting for EU to make HH to add my EG long
  • #1,055,259
  • Feb 9, 2016 1:14am Feb 9, 2016 1:14am
Quoting Pipologist
Think USDJPY has seen interim bottom.... Expecting climb back up to 117 within 2 weeks at most maybe by end of this week... Then slug out to 120 after that Then the devaluation shit starts hitting the fan.. 130 before end of year, hold above 120 - 125 at end of year
I agree

I suspect London will take it from this weekly R1 at 114.84 up to at least the Sunday pivot at 116.84.
The weekly pivot at 118.26 is the second target.

Hourly macd also looking to climb over
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  • #1,055,260
  • Feb 9, 2016 1:21am Feb 9, 2016 1:21am
EU short from 1.1202
DAX long from 8897
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