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USD/JPY Discussion

oh my god

but i need to USD JPY down
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usd jpy ...lol... 123.75 now ... it should go up...
I think if it come to 123.65 .. sell ... to 123.60 now moving avrage 5 13 62 is brokean....
byebye costly moments.
It looks like the subprime problem is not going away as two Bear Sterns hedge funds that were exposed to the subprime market are in serious trouble.

This may just be the catalyst for a move similar to Feb/Mar this year... The strength of the move is still to be determined as the fates of those hedge funds are decided in some far away boardroom, and its effects on the consumer and the rest of the world economy are gauged... but to those of you who don't pay any attention to the fundamentals, this would be a good time to start.

http://www.reuters.com/article/hotSt...35773520070623
i need to 123.05
i have a old sell of a week ago
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news:

Japanese stocks fell Monday for a second straight session, in the wake of Friday's drop on Wall Street and as investors took profits following last week's rise to a seven-year high.

is this news mean: JPY = POWER AND USD/JPY =DOWN ???
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Quoting cesarnc
long 123.85...

I've already called it a week, but that one was a juicy bottom for next week.
No it wasn't. Stopped out
Oh... I'm still in..my avg is 123.75.

Doesn't look promising ... anticipation of the up coming news could definitely flip it either way. Standing by to ride the waves...*gulp*

Quoting cesarnc
No it wasn't. Stopped out
Chances favour the prepared.
take profit on remaining uj long @ 123.70.
BAM BAM BOOM! -bravado
nice! right at the 61.8 retracement on the H1 down... Got some out as well.

Quoting bravado
take profit on remaining uj long @ 123.70.
Chances favour the prepared.
Quoting jasonowl
Oh... I'm still in..my avg is 123.75.

Doesn't look promising ... anticipation of the up coming news could definitely flip it either way. Standing by to ride the waves...*gulp*
I went long at 123.47, already closed half for 20, SL moved to B/E
Well lets see if the data is in our favor.
I got out a bit as well, but still holding on to 5 mini-lot ...

Quoting cesarnc
I went long at 123.47, already closed half for 20, SL moved to B/E
Chances favour the prepared.
Quoting jasonowl
nice! right at the 61.8 retracement on the H1 down...
yes the 61.8 of course.

Quote
Got some out as well.

expertly done.
BAM BAM BOOM! -bravado
tempted to go short here @ 123.90..
BAM BAM BOOM! -bravado
Quoting bravado
tempted to go short here @ 123.90..
yeah, me too... last seen 121.94
Quoting zamans98
yeah, me too... last seen 121.94
yap. tempted. but i can wait.
BAM BAM BOOM! -bravado
Quoting bravado
yap. tempted. but i can wait.
I guess you will go long at bottom (123.00?)
I TP at 123.91
Its in the 1.382 / 1.618 zone on M15

I'm clean on UJ now. Have to look for entry again... but will let the news for the rest of the week settle in...

Chances favour the prepared.
Quoting zamans98
I guess you will go long at bottom (123.00?)
i fav the short.

not sure if it would be good to go long atm. just means i have to wait to trade this pair.
BAM BAM BOOM! -bravado
Truck reloaded 123.85
Quoting cesarnc
Truck reloaded 123.85
for long?
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