Was trading the EURUSD and USDJPY last night until the morning - almost London open. Won a little on EURUSD and lost a little on USDJPY - which irritatingly managed to just hit my stop during the IB close - can't figure how that coincidence happened. 
Well, the slower action during the night - when I thought BOJ rumours would be ripe was disappointing. After my stop was hit I slept late today, so a lot of the action was lost on me.
Chinook, if you're looking for slower action - you know that nightly trading - it's like stuck in tar most of the time.
Tried some scalps here - but I'm only -2 on 4 trades, so I guess most of my brain is still asleep.
I do think - as some others - that BOJ stays away when there are no big USDJPY moves alone - but a general USD weakness. However, below 103, I do think the chance for intervention is imminent, although december should be very thin. So we will see tonight, if there are no substance to the rumours - it's anyone's guess - but it'll certainly be a surprise.
Staying up to 03-04 in the morning or even 08 some nights is not too helpful for getting a good start on US RTH trading...
Interesting to hear that more EU corporations are hedging 1-week options on EURUSD now; reportedly 1.3350 and 1.3450 calls. I guess the last two sessions just left the field of vision void for much information, and with december volatility, andything can happen.
I still believe in a retrace on EURUSD, but like I noted, I don't know from where. From below 1.31 I figured 1.26 would be a safe bet, but from closer to 1.32 .. it starts to get fuzzy, and I get a sense of being "stubborn". So go with the flow on the trades. Stubborness in these markets will wipe you very clean, all the way from the behind.
Well, the slower action during the night - when I thought BOJ rumours would be ripe was disappointing. After my stop was hit I slept late today, so a lot of the action was lost on me.
Chinook, if you're looking for slower action - you know that nightly trading - it's like stuck in tar most of the time.
Tried some scalps here - but I'm only -2 on 4 trades, so I guess most of my brain is still asleep.
I do think - as some others - that BOJ stays away when there are no big USDJPY moves alone - but a general USD weakness. However, below 103, I do think the chance for intervention is imminent, although december should be very thin. So we will see tonight, if there are no substance to the rumours - it's anyone's guess - but it'll certainly be a surprise.
Staying up to 03-04 in the morning or even 08 some nights is not too helpful for getting a good start on US RTH trading...
Interesting to hear that more EU corporations are hedging 1-week options on EURUSD now; reportedly 1.3350 and 1.3450 calls. I guess the last two sessions just left the field of vision void for much information, and with december volatility, andything can happen.
I still believe in a retrace on EURUSD, but like I noted, I don't know from where. From below 1.31 I figured 1.26 would be a safe bet, but from closer to 1.32 .. it starts to get fuzzy, and I get a sense of being "stubborn". So go with the flow on the trades. Stubborness in these markets will wipe you very clean, all the way from the behind.