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hey baruch, guardian angel and the others, where will you position yourselfs? of are you waiting for the news?

also, japan suffers esp from high oil prices.

my idea for weaker jpy vs usd and eur: foreign money coming out of the japanese stock market (had another big drop today). i think this will continue for some weeks. lets see what the us players will do when they start their day.

thinking about short eurusd for a quick reaction form the 68% retracement.

for usdjpy rather a rather close stop, eurjpy rather wide.

i should have posted it right away, for credibility. i will do that next time.

since quite a while , usdjpy from 113,25 eurjpy from 136,18 looking good at the moment, +20, +11

eurusd looks like bouncing back down from 68% retracement level of the upmove form 1,175x to 1,218x

im long eurjpy, usdjpy

why not go long usdjpy, eurjpy? the long term trend would be with us. maybe the drop today is buying opporunity?

i read the boj stopped their intervetions in usdjpy - so they should be buying less us treasury bonds - so the capital flow could have decreased. and when demand for us treasuries decreases, that would point to a weaker dollar. ps: thanks for the great eurusdtrader.com link!

im flat, too bad.

hi baruch, still long eurusd? nice move there!

thats true, well its a contrarian idea. the trend is of course long. maybe its better to be on the long side for these two, from the fundamentals im reading (foreign money leaving the japanese stock market). short would just be betting on a little reaction. so maybe short now, wait for...

short eurjpy and usdjpy looks good to me, technically. with the eurusd im not sure. if i would be long, i would stay long. right now im flat (closed the friday short with a small loss).

just re-edited this post...

i meant intraday vs end of day

im not talking about trading without intraday data, but developing a system. this can be done without intraday data, daily o, c, h, l, would be enough. of course open an close are not the same than in equity, with a market open 24x5. you can trade forex on a daily basis, of course. that is...

i like fishing, too, pulling some big fish out of the sea called the market :D. i want to trade intraday in forex(even if im in for some days), so i need intraday data which i dont have at the moment. i think there are huge difference between forex and indexes. one point im thinking about...

why not try edit/delete, baruch ;) ? but i understand you anyway.