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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:

JPY

Discuss JPY
 
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PippedOff
Canada
Posted Anonymously
14 years ago
Mar 1, 2010 12:26
You may be holding that cable a little longer than you anticipated, being down 200 pips in 25 minutes
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 1, 2010 12:06
I don't need to. Of course I use stops but only mental ones based on the CLOSE of a price.
PippedOff
Canada
Posted Anonymously
14 years ago
Mar 1, 2010 11:49
@Xaron-apparantly you don't use stop orders to control risk
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 1, 2010 7:36
Me too, taniral. My highest long is around 91, my lowest around 88.90. I usually scale in and out as I'm very bad in predicting entries. ;) But as I've learned the entry is not that important, the exit is where the money is made. Most of those "great 1m intraday scalping systems" just look for the best possible entry. 95% of all systems care about the entry. I've learned to use low leverage and let my trades some room to breath...

I still think we will see 100 in the USD/JPY this year again. The recent Yen strength is (if I look at the fundamentals) just a joke. I can't believe that someone seriously sees the Yen as safe haven...
taniral
Auckland, New Zealand
Posts: 33
14 years ago
Mar 1, 2010 7:24
cheers Xaron. i was feeling frustrated with the decline since last week as i am long USDJPY at various lots in the 90 and 89 level.
Xaron
Munich, Germany
Posts: 528
14 years ago
Mar 1, 2010 6:58
USD/JPY is a great buy now. Everything below 90 is just insane and a great dip buy (in my opinion). I still stick to my 95 mid term target (within 3 months).
taniral
Auckland, New Zealand
Posts: 33
14 years ago
Mar 1, 2010 6:32
Ashraf, please could you state why is the Yen performing better than the USD since the last week? As on what grounds could a reversal materialise? thank you. I welcome responses from anyone in the forum as well as this a new pair that i'm trading.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 28, 2010 18:14
Goldman? Lest you forget O'Neill's bullish call on GBP in January at 1.6450? Not sure it has had an "up" day since! He must love cable at 1.5240 just a few weeks later, lol!
Callum
Singapore, Singapore
Posts: 179
14 years ago
Feb 28, 2010 15:53
Interesting video, Goldman Sachs's take on Japan as next place of debt crisis:http://digg.com/d31KBlL?t

It's also interesting to note of GS's view on raising JPY as safe haven.
PippedOff
Canada
Posted Anonymously
14 years ago
Feb 26, 2010 19:42
Long USDJPY at 88.89.

Besides quote-unquote "safety", why would ANYONE not for the purposes of repatriating want to own yen?
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