Posted:
#626
140 Eu/Yen?
So what was said?
USD/JPY First Quarter
Posted:
#627
Sorry, I was busy watching my 3rd trade of the week blow up.
I am out and done for the week with a -70 pip loss.
Need to step back.
But no, Drahgi was talking about the EUR/USD
and how deflation was a growing concern etc etc.
Zero H quipped that they are asking China to stop purchasing EUR.
https://uk.reuters.com/article/2014/03/13/uk-ecb-draghi-idUKBREA2C1R720140313
I am out and done for the week with a -70 pip loss.
Need to step back.
But no, Drahgi was talking about the EUR/USD
and how deflation was a growing concern etc etc.
Zero H quipped that they are asking China to stop purchasing EUR.
https://uk.reuters.com/article/2014/03/13/uk-ecb-draghi-idUKBREA2C1R720140313
Posted:
#628
Interesting..and he is right, same goes for the LB..
The risk is that with no growth and a hyper strong currency it can do what happened in Japan...long long span of no growth.
I seriously had and have no idea why the EU is over 1.30 vs the USD, I dont get it personally. I think parity is much more accurate as the USD has a MUCH lower probability of long term deflation since our FED is much more active in the markets and concerned about perception than the EU or England seems to be.
Posted:
#630
Quote Originally Posted by bucknuts:
Wow...I dont even wanna think how much I cost myself bailing on that trade...I settled for 32 pips and had 4 lots...lol....OMG
I never added to Eu/Jpy either I could be up over 600 pips in 24 hrs
Wow...I dont even wanna think how much I cost myself bailing on that trade...I settled for 32 pips and had 4 lots...lol....OMG
I never added to Eu/Jpy either I could be up over 600 pips in 24 hrs
Yeah no kidding, I was wading in on fractional lots so I am still down on this trade. What I am thinking is the battle really is monday with that ref vote..so I dont imagine that they are going to want to hold risk into the weekend more than likely..so I am waiting it out.
Posted:
#631
I copied this from the news function on FXDD...it is interesting-
The FT reports currency stategists saying it is 'very likely' that the People's Bank of China (PBOC) is helping to drive up the ever-appreciating euro
They ask ?have reserve managers at the People's Bank of China been switching some of these dollars into euro - and does this explain the relentless rise in the euro dollar rate? At this point, the argument becomes speculative.?
Valentin Marinov, a strategist at Citigroup says the PBOC is accumulating euros. He says:
1. A divergence between the onshore and offshore renminbi rates can be used as a rough proxy for PBOC intervention in the market and is generally matched by a build-up in reserves.
2. Reserve growth has generally been correlated in recent years with euro strength against the dollar.
3. The recent growth in China's reserves has not been matched by an increase in its holdings of US Treasuries, as far as we can tell from the TIC data published by the US government.
Others disagree.
Posted:
#632
Quote Originally Posted by wallstreetcappers:
Interesting..and he is right, same goes for the LB..
Interesting..and he is right, same goes for the LB..
The risk is that with no growth and a hyper strong currency it can do what happened in Japan...long long span of no growth.
I seriously had and have no idea why the EU is over 1.30 vs the USD, I dont get it personally. I think parity is much more accurate as the USD has a MUCH lower probability of long term deflation since our FED is much more active in the markets and concerned about perception than the EU or England seems to be.
Wall we have been thinking this for a few years..i have a pic on my phone from July 2012 that is the cover of Barrons and its $1=1Eu
I will hold my Eu/Jpy through the weekend hopefully Monday that vote pushes these even lower..
Nice job holding that trade make those MF'ers pay
Posted:
#633
Quote Originally Posted by bucknuts:
Wall we have been thinking this for a few years..i have a pic on my phone from July 2012 that is the cover of Barrons and its $1=1Eu
I will hold my Eu/Jpy through the weekend hopefully Monday that vote pushes these even lower..
Nice job holding that trade make those MF'ers pay
Wall we have been thinking this for a few years..i have a pic on my phone from July 2012 that is the cover of Barrons and its $1=1Eu
I will hold my Eu/Jpy through the weekend hopefully Monday that vote pushes these even lower..
Nice job holding that trade make those MF'ers pay
Finally green, its been a LONG LONG trade.. I am considering covering it up and getting out now that I am profitable.
Posted:
#636
Quote Originally Posted by bucknuts:
Wall looking at longer period charts (daily/monthly) I still think 166 is coming this is the area I was target originally...no real solid support until 164..thoughts on these charts?
Wall looking at longer period charts (daily/monthly) I still think 166 is coming this is the area I was target originally...no real solid support until 164..thoughts on these charts?
I didnt cover yet and it has moved up as I knew it would..so profit reduced and still holding.
To me the chart might be right, it might not..what matters is the drivers of the news..what happens with this monday vote, does everything get worked out over the weekend or does Russia push forward?
If they work something out, risk will be back on and these yen trades will get smoked, if Russia does not back down and goes forward, yeah we see 166 and probably even lower.
Thats how I see it.
Posted:
#637
Yeah not sure what I was thinking..the trend the last forever is they reverse these risk down moves into the open, I guess I was hoping more fear would come in and nobody wants to hold into the weekend.
So far a near 50 pip reversal on the pair and gains gone but I am not giving up yet, I dont see how barring some news that anyone would want to be long into the weekend.
US markets quickly moved up, they werent red more than 2 minutes.
Posted:
#639
Quote Originally Posted by bucknuts:
True..
This bounce is comical though..still cant believe I sat on this EU/JPY trade and bailed when I did on the other..I couldn't have worked these trades any worse if I tried
I am going to punish myself at the gym tonight
True..
This bounce is comical though..still cant believe I sat on this EU/JPY trade and bailed when I did on the other..I couldn't have worked these trades any worse if I tried
I am going to punish myself at the gym tonight
So you are flat or did you go back in?
Posted:
#643
Sad part is both those trades will play out the way I wanted.Though it was news and not chart driven..I called out 144 two weeks ago for a sell and just got caught in a scalp after already making profit on the pair..
I worked the LB trade fine until I took profit..the entry was poor in hindsight but chart wise it was what I look for and it is currently near levels we were looking for..its bouncing now but I still think they go lower
I
I worked the LB trade fine until I took profit..the entry was poor in hindsight but chart wise it was what I look for and it is currently near levels we were looking for..its bouncing now but I still think they go lower
I
Posted:
#647
Quote Originally Posted by bucknuts:
Yeah thats rough..a bigger add near the high woulda been nice
Scalpers paradise today...OH MY
Yeah thats rough..a bigger add near the high woulda been nice
Scalpers paradise today...OH MY
Yes that is saying it lightly..
A 100 pip reversal twice in those pairs.. LB went from 168 to 169 back to almost 168 and moving back up again.
I was doing some house stuff, probably should have watched closer and closed it on that low to enter it again when they move it up.
Hot Forum Topics
