no, i stayed out as the thing felt like a trap
good to hear u got a win out of this one
i'm prob gonna wait until some type of fireworks hits dollar yen, it somehow seems too "convenient" right now
thx for the inputs, it's bc the chart looks bullish (objectively speaking), with price looking for a breakout esp on the longer timeframe, but given BoJ's comments on kinda protecting the yen etc, one wonders if they would have the wherewithal to act again (and to what extent) after their prev...
ok not to be facetious here, but given USDJPY has remained relatively strong above the 150 level (occasional lil smashes that smacks of desperation notwithstanding, kind of like a random hedge fund whale perhaps getting caught offside and trying to conveniently pass it off as "intervention") -...
regardless of what they say, they prob looking at s&p just as intently as most ppl on here
thus after the recent selloff, my bet is they gonna soften the language considerably this time
that coupled with the fact many hedge funds which were going to sell had already dumped before this (ie. low...
perhaps some juicy stories are going to come out of this
the hammering around the 150 level, then the breach, & the revelation that BoJ wasn't 'officially' doing an intervention
maybe some random hedge fund got caught on the wrong side & was trying to smash the bids, a la South African rand...
https://www.reuters.com/markets/currencies/japan-did-not-intervene-forex-market-past-month-mof-data-shows-2023-10-31/
so reuters came out with an article saying apparently Japan "did not" intervene in FX over the past month
which is crazy given the moves, with all that sudden hammering
it...
thx, i might go with the distressed real estate idea as it seems easier to execute & less open to manipulation
if anything, the previous cycles already showed so many of these startups cannot deliver anything close to the hype they promised
this time the stuff they are pitching are even more...
the FOMO makes ppl willingly do & justify things that are nonsense
glad i hatched my escape route from NYC early on, i think the last straw was when a colleague of mine brought us to some random "cult favorite" place that turned out to be overpriced garbage
even pre-2020, NYC was like sad...
lol it'd be funny if someone on the next televised interview called them out on this & directly asked him to realtime compute a 6 figure calculation as per reports of his math skillz
the nerdy act usually backfires real fast on these types
lol that lil move earlier was all bark no bite...are they running out of money to strongarm the markets or what
i think BofA got a point when they revised the ceiling upwards to 155, the markets seem to be calling out their bluff at 150
not trading this right now given the impending fireworks likely to be set off anytime by the whims of some bureaucrat in Tokyo, but i expect after the drama is over, we'll hear stories of more hedge funds getting caught offside lol
somehow there are always those willing to bet the viability of...
there are so many lol, maybe not to name them individually in public as the founders/ VCs generally seem fairly connected/ egoistical, so it'd be better if the bets against them could be made in secret without fear of blowback
someone should start a FanDuel/ like prediction markets/ exchange...
are those correlated with actual trade tickets? the link wasn't working - not sure what proof they gave, but i'd have questions on
- why the guy would be so transparent about all the trades if he really had a secret sauce
- the "evidence" he provided, eg. photos vs. an excel spreadsheet
- why...