EU/JPY 1.3920 coming tonight?? LB/JPY showing some weakness as well..come on down!!
Yeah it is this Ukraine situation..but the US markets are not selling off at all, so they will probably start selling the Yen again to propel the markets like they do every day.
Quote Originally Posted by bucknuts:
EU/JPY 1.3920 coming tonight?? LB/JPY showing some weakness as well..come on down!!
Yeah it is this Ukraine situation..but the US markets are not selling off at all, so they will probably start selling the Yen again to propel the markets like they do every day.
This short China/ long USD situation is getting interesting..
Something about the Chinese government set rate for the Yuan being broken and if it goes outside a certain range then these exotic products that banks and corps own (of course) can turn nasty and be painful for every 10 cents or so that the trade goes against the max pain point..
This reminds me of the crap we were doing back before the crisis with credit default swaps and how a little bit of deviation outside the computer generated range can cause massive systemic problems.
I have to think if it got too bad, ole Janet Yellen would step in and save the day immediately and all the bankers would be nice and happy again.
This short China/ long USD situation is getting interesting..
Something about the Chinese government set rate for the Yuan being broken and if it goes outside a certain range then these exotic products that banks and corps own (of course) can turn nasty and be painful for every 10 cents or so that the trade goes against the max pain point..
This reminds me of the crap we were doing back before the crisis with credit default swaps and how a little bit of deviation outside the computer generated range can cause massive systemic problems.
I have to think if it got too bad, ole Janet Yellen would step in and save the day immediately and all the bankers would be nice and happy again.
Sorry guys had a busy afternoon didn't really have time today to contribute to the thread.. I hate going into the weekend holding yet another trade but at least I'm positive in NZD.I pulled the trigger a bit early there could have got a better price but that was hrs later after i went to sleep.I wasn't closing this trade for less than 70 pips but I think I'll get that Sunday night early Monday.. Cad also ran down but i was already out with 11 pips,on a longer time frame chart [8hr & daily] i think there's still 100 pips in a short of this pair..all in all a good week even though every trade i was in could have netted more pips..i was pretty happy with my entries this week didnt miss by much on any of my trades.. I clearly sold LB/JPY about 100 pips too early[two weeks ago] but all the charts looked good at the time,i was close to being even multiple times this week and looking at a daily chart its been bouncing off 25&50 ema never closing below the 50.I'm not worried about this trade the daily looks good to me and the monthly looks fantastic for a short IMO..i think it pays me[us] this coming week Just over 122 pips this week
Sorry guys had a busy afternoon didn't really have time today to contribute to the thread.. I hate going into the weekend holding yet another trade but at least I'm positive in NZD.I pulled the trigger a bit early there could have got a better price but that was hrs later after i went to sleep.I wasn't closing this trade for less than 70 pips but I think I'll get that Sunday night early Monday.. Cad also ran down but i was already out with 11 pips,on a longer time frame chart [8hr & daily] i think there's still 100 pips in a short of this pair..all in all a good week even though every trade i was in could have netted more pips..i was pretty happy with my entries this week didnt miss by much on any of my trades.. I clearly sold LB/JPY about 100 pips too early[two weeks ago] but all the charts looked good at the time,i was close to being even multiple times this week and looking at a daily chart its been bouncing off 25&50 ema never closing below the 50.I'm not worried about this trade the daily looks good to me and the monthly looks fantastic for a short IMO..i think it pays me[us] this coming week Just over 122 pips this week
I was mistaken on NZD..I got a good price For some reason I thought I saw the pair in 84.50s or 60s Maybe got mixed up watching Cad fall as I fell asleep.lol
I was mistaken on NZD..I got a good price For some reason I thought I saw the pair in 84.50s or 60s Maybe got mixed up watching Cad fall as I fell asleep.lol
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