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by Ashraf Laidi
Posted: Jul 16, 2010 19:15
Comments: 37
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This thread was started in response to the Article:

Yen Draws Safe Haven Share

Yen strength is here to stay especially as the US dollar's safe-haven lustre is eroded by the worsening US data.
 
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josh
Hong Kong
Posted Anonymously
14 years ago
Jul 27, 2010 8:13
OK time for yen to make a big move appreciation is what breaking 86 will do the trick time for fresh round of deflation
Vasya
Buburatcho, Bahamas
Posted Anonymously
14 years ago
Jul 23, 2010 16:20
Even though it's technically week, this could be the bottom, cause

it's going up not down Currently 87.26. Stress test should be OK and Markets

will run for a bit or at least relax.. Yen could go higher into low 90.

In case Equity Markets crash we could see 84 probably.

But this Crash/double deep talk was around for like 6 month already

mainly from the guys who missed the train :)
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 23, 2010 11:18
Farzan, i prefer it when 55 falls below 100 but BOTH still ABOVE 200 day . Anyway, USDJPY remains structurlaly and technicall WEAK and im looking fir 84 and even 81


Ashraf
Farzan
Oakville, Canada
Posts: 10
14 years ago
Jul 23, 2010 11:00
Hi Ashraf,

On the USD/JPY currency pair, I put the 55, 100 and the 200 moving averages and saw the the 55 day SMA had crossed both the 100 and 200 SMA which means that this is a dead(golden) cross and wanted to know your opinion on this.

Thanks,

Farzan

P.S. I remember asking you about the dead cross when you were in Toronto at Novatel Hotel.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Jul 23, 2010 0:03
Some fresh FX Technicals from Mike Ellis; especially USDJPY
http://www.ashraflaidi.com/forex-blogs/6645/

Ashraf
Stationdealer
UK
Posted Anonymously
14 years ago
Jul 19, 2010 21:05
Vasya a fight well put up, nice........ I like the spirit, and great stuff. You made some good valid points, and I see that your strategy has some level of depth & experience.
Qiman
United States
Posts: 237
14 years ago
Jul 19, 2010 16:24
Interesting how this Yen topic heading evolved! Since the early 90's I have observed the markets and all kinds of extremely strong opinions about them, reminiscent of some of what I have read on this thread. What I have seen is that the market tends to behave in ways that make the largest possible number of people look foolish You must have decisive opinions, but recognize that you are dealing with continually shifting energies and moods, sentiment can shift in a minute and there are only PROBABILITIES, not certainties. I have also observed that some of the worst traders are former lawyers, who have been trained their whole lives to argue, argue, and insist on being right, even while the market runs strongly in the other direction . . . One reason most traders lose money. It is much more about risk and money management than being right.
Josh
Hong Kong
Posted Anonymously
14 years ago
Jul 19, 2010 15:50
Vasya the way u have drawn those charts shows how strong ur views our .Any kid can draw lines of the trend.Now i am. convinced there is no point arguing with you>USD rally coming watch out and get squeezed
Vasya
Buburatcho, Bahamas
Posted Anonymously
14 years ago
Jul 19, 2010 13:12
"There must be someone on the other side"

Well, Actually you need Good luck most, cause those others didn't look at the chart for sure.

No matter what, Feds need and want LOWER dollar. Period.

Here is the chart for you, my friend (USDx Weekly). Was not able to attach, sorry
http://www.forexfactory.com/showpost.php?p=3883514&postcount=272897

Watch out for those targets, they are coming

as main Monthly trade for Dollar is DOWN since 2001 with the few pops on the way..
houram
Vancouver, Canada
Posts: 55
14 years ago
Jul 19, 2010 4:07
Vasya,
Good luck with your trading and investments and I am happy that you think this way. There must be someone on the other side of my trade and I am happy that there are many Dollar bears besides you.
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