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by Ashraf Laidi
Posted: Nov 10, 2009 16:34
Comments: 611
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This thread was started in response to the Article:

Don't Forget the Yen

Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
 
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chloethebull
Posted Anonymously
14 years ago
Feb 19, 2010 20:00
ur right pipedoff, hopfully next week we get to more profits..lolgl
Pipster
birmingham, UK
Posts: 111
14 years ago
Feb 19, 2010 19:55
Eelman,

Thanks for the light in the dark. I really wanna trade this pair as the return is too good. Getting the best entry is paramount - Cheers
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 19, 2010 19:22
PPT officially reconvened and entered the markets at 2 pm NYT when for a brief second, equities had the AUDACITY to go red. PPT called the banks, instructing them to goose the spoos and gold as they would gurantee the banks against loss if for some reason the ploy the use daily didnt work today.

Market will close up 100 points today, with Gold at or near 1130.
Xaron
Munich, Germany
Posts: 528
14 years ago
Feb 19, 2010 19:08
Because the Dollar is trash as well.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 19, 2010 18:50
I am really mystified as to why USDJPY is falling, yet gold, trash euro and cable, aussie are skyrocketing and usd/cad getting decimated!
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 19, 2010 18:43

Hey Pipster
I am actually viewing gbp/jpy as being in a slow recovery/uptrend at this time. After a considerable selloff, it has managed to close above its 10 day sma for a week now, and has more recently been maintaining closes around the 20 day sma. Also keep in mind current strength in usd/jpy, which may continue because of the fed discount rate hike. Of course I could be dead wrong but...I think it may recover to 144.50 - 145.00 area, and I will be looking to get short then.
Pipster
birmingham, UK
Posts: 111
14 years ago
Feb 19, 2010 18:20
Eelman,

Much appreciated. People call this pair the beast, like you said, it can make you or break you.

I'm not the best of experts, but I have seen a bear flag on the daily chart and I am eager to speak/chat to someone about it. Check it out and see.

My question would be, with your take on things, when is a good entry point ( I'mnot going to holdyouto it) educationally speaking :)
Eelman
Maine, United States
Posts: 93
14 years ago
Feb 19, 2010 17:04
gbp/jpy is a typical risk sentiment pair. Typically higher equities and increasing risk appetite will send the pair higher. This one is volatile, very fast moving and capable of huge pip gains or losses in very short time frames. 200 to 300 pips in a day are common. Big sell-offs like the one 2 weeks back and 500 pips down in a couple hours! I like to trade it, but it is not for the conservative or faint of heart. It is a 'hair on fire" - "nerves of steel" type pair.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 19, 2010 17:03
If the PPT was able to have us up 35 points now, just imagine what they will do in the last 1-1/2 to 2 hours of trading today, the designated time which they intervene on a daily basis to goose the spoos and drive equities higher and higher.

Remember, buy stocks when interest rates are low and their is massive liquidity in the system. Don't forget to also buy stocks when rates startb rising and liquidity is removed.

Buy stocks when the dollar is sinking. Buy stocks when the dollar is rising.

The PPT says, "BUY STOCKS!! We are guaranteed against loss. Aren't you?"
Pipster
birmingham, UK
Posts: 111
14 years ago
Feb 19, 2010 16:40
Pipped

Do you do Gbp/Jpy - If so , any suggesstions and do you know what drives it up or down. i.e if the USD is up, would that make the pair go down?
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