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JPY Trade Balance

  • #1
  • First Post: Aug 22, 2006 12:12pm Aug 22, 2006 12:12pm
JPY Trade Balance


Any one planning to trade this one? Also if anyone has experience or better yet past charts from this news release please post them for the rest of us to see.
  • #2
  • Aug 22, 2006 12:48pm Aug 22, 2006 12:48pm
JPY news often fail to make a ripple in the market.



Quoting Crestwind
JPY Trade Balance


Any one planning to trade this one? Also if anyone has experience or better yet past charts from this news release please post them for the rest of us to see.
  • #3
  • Aug 22, 2006 1:02pm Aug 22, 2006 1:02pm
Last month when I newly learned News Trading, one of the currency that I news traded was JPY. I learned the hard way paying 4 figure value never to news trade JPY.

Here is proof. On June 21, you could even see a DOJI! JPY totally snobbed the news even when the result came in about 40% less than the previous Trade Balance.

Japanese do not look at Japanese Fundamental News. If you want to news trade JPY, do it during Chinese Yuan (CNY) news instead. For some freakin reason, JPY listens to CNY news as Europe and USA substitute JPY for CNY.
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  • #4
  • Aug 22, 2006 3:02pm Aug 22, 2006 3:02pm
Thanks BurgerKing. After looking at your charts I dont think I will trade this after all.....
  • #5
  • Aug 22, 2006 3:06pm Aug 22, 2006 3:06pm
There is a 4 hour pin bar that just formed...
  • #6
  • Aug 22, 2006 3:36pm Aug 22, 2006 3:36pm
Ssshhh Sneak in the overnight intrest rate change don't post it at an exact time like the rest of the world says the Chinaman to the Japanese spokesman and if you do that for me I will revalue the Yuan after I finish watching the game.. Whenever that is!!

Yen reacts better to gossip from China with the exception of Japanese Leading Indicators.. Naughty JPY has direct affair with Yuan while in wedlock with USD.
"Look Left Think Right"
  • #7
  • Aug 22, 2006 3:42pm Aug 22, 2006 3:42pm
Quoting BurgerKing
Last month when I newly learned News Trading, one of the currency that I news traded was JPY. I learned the hard way paying 4 figure value never to news trade JPY.

Here is proof. On June 21, you could even see a DOJI! JPY totally snobbed the news even when the result came in about 40% less than the previous Trade Balance.

Japanese do not look at Japanese Fundamental News. If you want to news trade JPY, do it during Chinese Yuan (CNY) news instead. For some freakin reason, JPY listens to CNY news as Europe and USA substitute JPY for CNY.
there are at least 3 core japanese announcements that are worth trading. I can see from the onslaught of threads asking "ooh is tomorrow's xyz announcement going to cause a spike?" that most of you are in this for a free ride without wanting to do any hard work. Do some research, keep up to date with wha'ts going on in the markets, wathc bloomberg/cnbc, whatever it takes. Don't follow other ppl, make up your own ind what's important. Seeing as trading news on these retail bucket shops is not going to last more than a few more months I wihs you all good luck and that you don't lose all of the profit you've made before the brokers simply stop allowing it
  • #8
  • Aug 22, 2006 5:20pm Aug 22, 2006 5:20pm
Quoting sccz97
there are at least 3 core japanese announcements that are worth trading. I can see from the onslaught of threads asking "ooh is tomorrow's xyz announcement going to cause a spike?" that most of you are in this for a free ride without wanting to do any hard work. Do some research, keep up to date with wha'ts going on in the markets, wathc bloomberg/cnbc, whatever it takes. Don't follow other ppl, make up your own ind what's important. Seeing as trading news on these retail bucket shops is not going to last more than a few more months I wihs you all good luck and that you don't lose all of the profit you've made before the brokers simply stop allowing it
Would you mind mentioning any of these three japanese announcements. I understand that you are telling us to do the research for ourself, but its not so much knowledge that makes a person good at something, rather its the wisdom to use that knowledge.
  • #9
  • Aug 22, 2006 5:30pm Aug 22, 2006 5:30pm
Hey Crestwind

That was a good point.
  • #10
  • Aug 22, 2006 5:36pm Aug 22, 2006 5:36pm
Went Back Three months and cross referenced date and time with JPY trade balance and there was very little movement during those times.
  • #11
  • Aug 22, 2006 6:02pm Aug 22, 2006 6:02pm
yaaaaaaawwwwwwwwwwwwwwnnnnnnnnnnnnnnnn


The JPY has it's own little agenda...
  • #12
  • Edited 7:11pm Aug 22, 2006 7:09pm | Edited 7:11pm
Thanks for response tomhen.

Yeah it didnt move the market much at all. Glad I stayed out.

And to sccz97 I wasnt tryn to be rude, just asking for some help so myself and others can understand the market and the news.
  • #13
  • Last Post: Aug 22, 2006 7:19pm Aug 22, 2006 7:19pm
Quoting sccz97
there are at least 3 core japanese announcements that are worth trading. I can see from the onslaught of threads asking "ooh is tomorrow's xyz announcement going to cause a spike?" that most of you are in this for a free ride without wanting to do any hard work. Do some research, keep up to date with wha'ts going on in the markets, wathc bloomberg/cnbc, whatever it takes. Don't follow other ppl, make up your own ind what's important. Seeing as trading news on these retail bucket shops is not going to last more than a few more months I wihs you all good luck and that you don't lose all of the profit you've made before the brokers simply stop allowing it
enough with the lecture, just tell us what the 3 core releases are!
Relax and be happy.
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