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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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Steven Blyth
London, UK
Posts: 148
14 years ago
Nov 27, 2009 9:48
Morning Ashraf,

Curious to know if you think we saw the top in AUSJPY in October? Am trying to work out if this is a AUSJPY Long buying opportunity.

Steven
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Nov 27, 2009 3:29
thanks Radu, trust me it has taken a lot of hard work, study, research, discipline, and focus to make money from the markets. Stops are very important and I think, more important is to not trade if the market is crazy such as today and from what Ashraf says, possibly tomorrow. It is like a casino before monday.
maple
toronto, Canada
Posted Anonymously
14 years ago
Nov 27, 2009 3:29
it looks like eurjpy is the range of 126 to 138...
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Nov 27, 2009 2:40
Congrats everyone. Yen has been doing the same old big rallies in each of the last FOUR fridays but this last Friday is going to be something else. Reporters used to tell "why would the yen rise more when Japanes exporters suffer?" And i tell them "Neither Jpns exporters nor Jpns officials can stand in the way of these unwinding".

Radu, each time Jpns officials will speak market will back down for a bit before attacking again, wanting daring the Jpns to intervene. Traders will favour USD and JPY interchangeably.

Ashraf
Wasup
dublin, Ireland
Posts: 54
14 years ago
Nov 27, 2009 2:16
Hi Ashraf,
Congrats again. Spot on for the EUR YEN.
What do you think if the the govts dont intervene would EURYEN going to hit 125.00
Thanks.
radu
bucharest, Romania
Posts: 203
14 years ago
Nov 27, 2009 2:08


Hey Ashraf ,

Congrats for the jpy call !

How can we interpret the Hirohisha Fujii"s statements ?

This a link to thesehttp://www.bloomberg.com/apps/news?pid=20601087&sid=aPGdrf5UVcrA&pos=2

Thanks
chloethebull
Canada
Posted Anonymously
14 years ago
Nov 27, 2009 1:56
hey ashraf ..thank you soo much for the twitter update on usdcad...still holdn a ok position an was unsure if i should sell..i thought if i sold it would be cheap..so thanks for ur target..gl gn
radu
bucharest, Romania
Posts: 203
14 years ago
Nov 27, 2009 1:21

Vik ,

When i talk about the stop loss orders i don"t thinck to you (imo , you seem to pass that trader"s phase) ... i thinck more of me and my very hard lesson on gbp/jpy last month and for other persons who trade on this www.

I make a small quick long play on eur/jpy in 129.355 and close in 128.6 and now i"m short in 128.885...small position too


GL
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Nov 27, 2009 1:01
Radu,

I never enter a trade without a stop. But also never trade on such crazy days

time to go and hit the tennis courts

see u later
radu
bucharest, Romania
Posts: 203
14 years ago
Nov 27, 2009 0:41

Hi Vik ,

Indeed , wild swings , i agree

Everybody must be very carefully

And lake Asad said : put stop orders (Nathan scenario) :)


LAst month i REALLY understand how healthy is a stop loss order (it is very , very painful etc. ... but is better with it) and now , when i look to wild moves on jpy i realised that once again .

Good luck all
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