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The Swamp

  • #4,281
  • Apr 27, 2016 9:49pm Apr 27, 2016 9:49pm
Quoting elsensei13
{quote} I am alleays reading that you and some traders said "price close below ( or above ) of a support or resistance on daily, week or london or NY. Question is: Why is that very importtant?
for instance uj hasnt closed above 1145 on the day. above 1145, it's less likely to maintain a north move, if once above 1145, it can not close above. a larger level is 1235. if your scalping or st trading this may not concern you as much. 1179 is a level if using target 106.33, as notorious for a slapdown. above it is the more commonly known 1235

i dont know what boj said. i didnt expect them to say they were tightening. i expected them to say the opposite. so here we are. each time they announced whatever about easing. after a knee jerk, the yen gained power since 125.xx,atm its still above 100.5/.7 and 106.33. um for 106.33 in the med term is 111.78.6'

on the chart targeting the missed uj 68.09, along with world equity meltdown. the um for it at 111.92.. boj is fighting me on this. i like my 100.71/100.38 odds. 111.92 is a large um for 68.09
those who can, do. those who cant, talk about those who can
  • #4,282
  • Apr 27, 2016 10:04pm Apr 27, 2016 10:04pm
Moves like this with the Euro are made to take out all stop loss entries
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  • #4,283
  • Apr 27, 2016 10:04pm Apr 27, 2016 10:04pm
lol what did boj say this time
  • #4,284
  • Apr 27, 2016 10:09pm Apr 27, 2016 10:09pm
Quoting gatorinla
{quote} for instance uj hasnt closed above 1145 on the day. above 1145, it's less likely to maintain a north move, if once above 1145, it can not close above. a larger level is 1235. if your scalping or st trading this may not concern you as much. 1179 is a level if using target 106.33, as notorious for a slapdown. above it is the more commonly known 1235 i dont know what boj said. i didnt expect them to say they were tightening. i expected them to say the opposite. so here we are. each time they announced whatever about easing. after a knee jerk,...
kinda like this... on uj
Attached Image
those who can, do. those who cant, talk about those who can
  • #4,285
  • Apr 27, 2016 10:10pm Apr 27, 2016 10:10pm
I still reckon that Japan wants/needs a weaker YEN to boost growth for both exports and tourism. Long term I reckon that the direction for the YEN is down and not up. I will keep my YEN short position until target price of 120 hits again. If not this year then next year. Sooner or later it will come back to 120. I will sit and wait this one out for a profit for when the YEN hits 120 again. Last time Morgan Stanley was right and Goldman Sachs was wrong on their YEN bet. Let's see if Goldman Sachs gets it right this time around.
  • #4,286
  • Apr 27, 2016 10:10pm Apr 27, 2016 10:10pm
Quoting thelws
lol what did boj say this time
Hmmm , dov or hawk ?
  • #4,287
  • Apr 27, 2016 10:12pm Apr 27, 2016 10:12pm
Quoting gatorinla
{quote} kinda like this... on uj {image}
Anything on UCAD? Largest confluence in the past 16 years
  • #4,288
  • Apr 27, 2016 10:12pm Apr 27, 2016 10:12pm
Same ol same ol

BOJ Statement on Monetary Policy
  • #4,289
  • Apr 27, 2016 10:13pm Apr 27, 2016 10:13pm
Quoting gatorinla
{quote} kinda like this... on uj {image}
That is an ugly one for the YEN. YEN Bull's just made a killing
  • #4,290
  • Apr 27, 2016 10:17pm Apr 27, 2016 10:17pm
Quoting Ken A
Same ol same ol BOJ Statement on Monetary Policy
Just read that.. Nothing too special in that statement release. I think it was sort of a disappointment for YEN bears
  • #4,291
  • Apr 27, 2016 10:21pm Apr 27, 2016 10:21pm
DAX is gonna gap down on Franky open

GJ move 454 pips in one stroke
  • #4,292
  • Apr 27, 2016 10:26pm Apr 27, 2016 10:26pm
Quoting stylinex
{quote} That is an ugly one for the YEN. YEN Bull's just made a killing
its pretty to me. now get eu above 1247 closed and so forth
those who can, do. those who cant, talk about those who can
  • #4,293
  • Apr 27, 2016 10:38pm Apr 27, 2016 10:38pm
I am extremely suspect about any EU long right now. Equities just got it right between the eyes. And its rollin over.
The coincidental success is more dangerous than the expected failure
  • #4,294
  • Apr 27, 2016 10:39pm Apr 27, 2016 10:39pm
Quoting gatorinla
{quote} its pretty to me. now get eu above 1247 closed and so forth
After reading their statement I am quite surprised with their actions. Congrats to you though if you were bullish on YEN. I was bearish and still feel that YEN must drop in order for economy to move forward in Japan. Maybe the Japanese want to let things drop before meeting next month and then rise during week of meeting. Let's see. My guess now would be bearish until May meeting in Japan.
  • #4,295
  • Edited 11:08pm Apr 27, 2016 10:57pm | Edited 11:08pm
Quoting stylinex
{quote} After reading their statement I am quite surprised with their actions. Congrats to you though if you were bullish on YEN. I was bearish and still feel that YEN must drop in order for economy to move forward in Japan. Maybe the Japanese want to let things drop before meeting next month and then rise during week of meeting. Let's see. My guess now would be bearish until May meeting in Japan.
boj has lost control.. i haven't read statement, i didnt need too. it wasn't like the yen being strong the past several months was going to help japan. the same with the ecb.. so both ecb and boj are going to poor mouth to weaken their currency. but as in the past few months, what has poor mouthing done? the opposite of the intended reaction. economies all over the world who hoarded usd for decades, are now forced to spend them.
those who can, do. those who cant, talk about those who can
  • #4,296
  • Apr 27, 2016 11:15pm Apr 27, 2016 11:15pm
Good Morning !

Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #4,297
  • Apr 27, 2016 11:34pm Apr 27, 2016 11:34pm
Quoting gatorinla
{quote} boj has lost control.. i haven't read statement, i didnt need too. it wasn't like the yen being strong the past several months was going to help japan. the same with the ecb.. so both ecb and boj are going to poor mouth to weaken their currency. but as in the past few months, what has poor mouthing done? the opposite of the intended reaction. economies all over the world who hoarded usd for decades, are now forced to spend them.
gratz bro. and yup glad i held onto xxxjpy shorts except set TP too low (didnt expect such a huge drop in short time wow). Kuroda press conference up next tho am not sure how much influence his words have now over jpy pairs... maybe will get that 106.xx soon missed the other time.

ps: very confused about EJ so staying out of that one. since EUR and JPY supposed to gain strength...
  • #4,298
  • Apr 27, 2016 11:43pm Apr 27, 2016 11:43pm
Quoting MaryAnne
{quote} gratz bro. and yup glad i held onto xxxjpy shorts except set TP too low (didnt expect such a huge drop in short time wow). Kuroda press conference up next tho am not sure how much influence his words have now over jpy pairs... maybe will get that 106.xx soon missed the other time. ps: very confused about EJ so staying out of that one. since EUR and JPY supposed to gain strength...
ej 137.xx overdue... possible ej L.. it missed 123.07.. 123.07/121.70.. 123.12 is the atm low.. it should be posted weeks back
those who can, do. those who cant, talk about those who can
  • #4,299
  • Apr 27, 2016 11:45pm Apr 27, 2016 11:45pm
Quoting Hickson
{quote} Are you a racist?
Why...are you looking for one?
Why sell the bottoms when you can buy the tops...
  • #4,300
  • Apr 27, 2016 11:47pm Apr 27, 2016 11:47pm
Quoting gatorinla
{quote} ej 137.xx overdue... possible ej L.. it missed 123.07.. 123.07/121.70.. 123.12 is the atm low.. it should be posted weeks back
Checking my broker... different price here ;o
EJ low 123.164 but close enough. Maybe a L opportunity with tight SL coming up (if we revisit low)
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