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USD/JPY Discussion

  • #59,321
  • Feb 10, 2016 9:38pm Feb 10, 2016 9:38pm
Anyone else waiting for 110.00 to load up also?
  • #59,322
  • Feb 10, 2016 10:14pm Feb 10, 2016 10:14pm
About to test bottom
  • #59,323
  • Feb 10, 2016 10:25pm Feb 10, 2016 10:25pm
BOJ intervenes when least expected and today is bank holiday in Japan! So fasten your seat belts
  • #59,324
  • Feb 10, 2016 10:49pm Feb 10, 2016 10:49pm
Quoting PipMaxzz
BOJ intervenes when least expected and today is bank holiday in Japan! So fasten your seat belts

They are the wild card. I don't think they can stop the melt down, but they could certainly cause some BIG spikes and screw all the players with shorts. That's one reason I have been in and out again taking profits and not just lowering stop loss..putting money in my pocket and leaving less on table for the manipulators. Also if i leave it out there with stops it tests my discipline not to keep moving stops when the price approaches them... this last little move down bumped weakly 5 points from bottom. Has to touch b4 it can go up convincely
  • #59,325
  • Feb 10, 2016 11:12pm Feb 10, 2016 11:12pm
Quoting ez0770
The range of the past 8 days is almost equal to the range for the whole of 2015. To say that this move is overextended is a big understatement. Everyone is now talking about a possible BOJ intervention, after the yen appreciated 8% in 8 days. Not sure if the bank holiday will deter them from acting today or perhaps they will wait for Yellen/s testimony to be done later. Whatever the catalyst might be for a correction, boj intervention or something else, a long here at 113ish with 100 pips initial stop and initial target at 116 seems like a good...
I think BOJ will intervene. I doubt they want a strong YEN while their economy is in trouble with export and shipping numbers dropping. Short term I see 115-116 coming up
  • #59,326
  • Feb 10, 2016 11:38pm Feb 10, 2016 11:38pm
It seems as though everybody wants to bring their exchange rates down....BOJ,EUR,China,Australia, probably Canada soon and this from Yellen last night...................

" Over the course of the year, subdued foreign growth and the APPRECIATION OF THE DOLLAR RESTRAINED NET EXPORTS. In the fourth quarter of last year, growth in the gross domestic product is reported to have slowed more sharply, to an annual rate of just 3/4 percent; again, growth was held back by WEAK NET EXPORTS"

​In Pollie speak that's pretty plain English for "high exchange rates are damaging our economy, we want them down". U.S. rates have risen from 76.4 Yen since Oct. 2012. I think we're seeing a major readjustment take place. I'm sure we will have a rebound from the bottom of current movement, and I plan to be on the flight when it lifts off, but I think the game is changing. Volatility is going to reign supreme for quite some time..............................currency WAR
  • #59,327
  • Feb 11, 2016 12:26am Feb 11, 2016 12:26am
moving
  • #59,328
  • Feb 11, 2016 12:35am Feb 11, 2016 12:35am
LOL Why would you buy there? Who is holding up the submarine?
  • #59,329
  • Feb 11, 2016 12:39am Feb 11, 2016 12:39am
Too many wrong calls this year from Goldman. Wrong calls on stocks,Indexes,metals and currencies. They called 135 for YEN this year and now their stock is about to crash.
http://www.thestreet.com/story/13453...arts-show.html
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  • #59,330
  • Feb 11, 2016 12:40am Feb 11, 2016 12:40am
Quoting Blackopal
LOL Why would you buy there? Who is holding up the submarine?
some people believe in santa :-) .. come on Boj save my ship,,, its full of water,,, I think im going to jump... jeje...
  • #59,331
  • Feb 11, 2016 12:43am Feb 11, 2016 12:43am
Final wave count down
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Elliott Wave for optimum entry, exit and risk management of trades
  • #59,332
  • Feb 11, 2016 1:07am Feb 11, 2016 1:07am
short 112.66 SL 112.78
  • #59,333
  • Feb 11, 2016 1:24am Feb 11, 2016 1:24am
I see an uptrend here. First time it moved above 50EMA (M5) since 114.89
  • #59,334
  • Feb 11, 2016 1:34am Feb 11, 2016 1:34am
Quoting alz
I see an uptrend here. First time it moved above 50EMA (M5) since 114.89

Uptrend? Have a better look at chart
  • #59,335
  • Feb 11, 2016 1:44am Feb 11, 2016 1:44am
I mean starting of a short uptrend (bounce)
  • #59,336
  • Feb 11, 2016 1:50am Feb 11, 2016 1:50am
Quoting alz
I mean starting of a short uptrend (bounce)

You could be right on that alz. I just got stopped out on last little trade. SL was tight. One more try then I won't short it again. Short 112.764 SL112.864
  • #59,337
  • Feb 11, 2016 2:10am Feb 11, 2016 2:10am
Quoting Blackopal
{quote} You could be right on that alz. I just got stopped out on last little trade. SL was tight. One more try then I won't short it again. Short 112.764 SL112.864

50 plus pips in 20 minutes while I had shwr.
  • #59,338
  • Feb 11, 2016 2:12am Feb 11, 2016 2:12am
Quoting Blackopal
{quote} 50 plus pips in 20 minutes while I had shwr.

closed both my shorts for now. double bottom
  • #59,339
  • Feb 11, 2016 2:14am Feb 11, 2016 2:14am
So you plan to spend more time in shower hereafter?...hehe
I am not being sarcastic...but its true, the more we stare at the monitor, the worst it is.
Quoting Blackopal
{quote} 50 plus pips in 20 minutes while I had shwr.
  • #59,340
  • Feb 11, 2016 2:23am Feb 11, 2016 2:23am
Quoting PipMaxzz
So you plan to spend more time in shower hereafter?...hehe I am not being sarcastic...but its true, the more we stare at the monitor, the worst it is. {quote}

Too quick on the trigger that time. Just missed another 50 pips on both shorts! The last time it tapped a double bottom like that it quickly turned and I missed a good sell price. I guess I should have waited 3 minutes.
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