Buying Yen

F

FXsKaLpEr

I cannot sanction the yen weakening to anything above 112 against the USD: not in this environment.

therefore I am buying yen / selling USD at 112 and above.

the market wants a war, baby, I'll give 'em one: just move that rate over 112.

skz

current 111.90
 
Quote from FXsKaLpEr:

*sKaLpZ PULLZ the trigger*

shorts at 112.06, 112.14.

bring it.

:D

theskalper
More...

Fair Values

112.1701 (Now) 112.3703 10 days 112.7224 20 days 113.7903 50 days

Carefull
 
Quote from kalzayani:

Fair Values

112.1701 (Now) 112.3703 10 days 112.7224 20 days 113.7903 50 days

Carefull
More...


I think better off GBP/JPY for 197
or Eur/JPY for 1.34
 
Quote from kalzayani:

Fair Values

112.1701 (Now) 112.3703 10 days 112.7224 20 days 113.7903 50 days

Carefull
More...
"careful" ain't built into my trading system, sonny.

FXsKaLpEr
 
war over:D

szpP_chart2.png
 
skalpz...you are going to get rocked in this trade...i wish I had been to this site earlier I could have given you a dozen reasons not to take it. But hindsight is a bliss we dont enjoy so as you must be feeling the pain right now, I suggest at the next dip get out and wait and see. Even though China revalued the basket trading band from 1.5 to 3% it was mostly against the eur and the gbp - which are usd positive indicators. If anything you might want to go short at the 113 / 113.50 levels as that was the year high and stiff resistance there. You should get a yen or two on that one. But as of now...since rita didnt do the damage we all feared I think the USD is gonna rally like hell on Monday . especially against USD CAD
cheers
 
Quote from azmi:

skalpz...you are going to get rocked in this trade...i wish I had been to this site earlier I could have given you a dozen reasons not to take it. But hindsight is a bliss we dont enjoy so as you must be feeling the pain right now, I suggest at the next dip get out and wait and see. Even though China revalued the basket trading band from 1.5 to 3% it was mostly against the eur and the gbp - which are usd positive indicators. If anything you might want to go short at the 113 / 113.50 levels as that was the year high and stiff resistance there. You should get a yen or two on that one. But as of now...since rita didnt do the damage we all feared I think the USD is gonna rally like hell on Monday . especially against USD CAD
cheers
More...
thanks, Azmi, for the counsel. :)

the yen going to 113.50 or ever 114 is nothing for me.

I've been to Hell and back already with the yen, brother.

shorted at 105 (long time ago) - the puppy climbed to just under 114 if memory serves me right.

I shorted and shorted all the way up..

USD/JPY later dropped to under 102.

so, the only thing that'll bug me is paying out the interest daily.. if it doesn't fall in a certain amount of time I may burn off some positions to reduce the interest sting.

best,

sKaLpZ
 
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