Fading Yen - It has gone parabolic

Quote from oldtime:

If I was a TA trader, I would try to design some kind of program that would edit out

I can do allright as long as everything is normal

I worked too hard for my money to gamble it when it is anybody's guess

different strokes for different folks

some thrive on hunting, and are willling to wait patiently until it comes time to attack

I just like the boring life of a trapper. I check and rebait my traps everyday.

If I see any unusual activity, I just lay low. I don't want or need any trouble. I'm just a little itty bitty guy, and almost everybody is bigger than me.

A guy could get short the yen in here, most think it is a clear shot to 96 or 97, some have a 100 target, or even 103

I just do better when I have a complete program that includes all the other majors. Guessing what one pair is going to do is for others that are better than me.
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Ok, that makes sense. Thanks for your input.
 
Quote from murrica:

Ok, that makes sense. Thanks for your input.
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either way, the one unanswered question is and always has been, "When to take a profit?"

If you have an answer to that one let me know, becaue I sure as hell don't. My profit target is just arbitrary.
 
The first post was January 17th....

There is NO way a currency that goes PARABOLIC will continue to go higher!!!!!

errrr...ahhhh...wellll....ahhh...

I'm surprised there isn't 100 posts that call for the high in Equity markets.....oh yea, there is...

So when AAPL goes down to 500....there is NO way it can go lower...

What have we learned???

Follow the BIG MONEY...there are not done in ONE DAY!!!

The Fed was not done in ONE YEAR!!!

Still massively short the Yen...

soooo rich now
 
Quote from BlueTurtle:

The first post was January 17th....

There is NO way a currency that goes PARABOLIC will continue to go higher!!!!!

errrr...ahhhh...wellll....ahhh...

I'm surprised there isn't 100 posts that call for the high in Equity markets.....oh yea, there is...

So when AAPL goes down to 500....there is NO way it can go lower...

What have we learned???

Follow the BIG MONEY...there are not done in ONE DAY!!!

The Fed was not done in ONE YEAR!!!

Still massively short the Yen...

soooo rich now
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good for you.. :)
 
Quote from turkeyneck:

US$/Yen has a problem cracking 100. Is the move over and will test the other side?
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There must have been unimaginable level of option interest present at 100. Big banks will do everything in their power to protect level of 100. Must have been a great tussle between hedgies vs banks today and it seems banks won and prevented 100 from being touched.

So, yes we are going down to 96 at least now. Shorting around 100 would have given a great risk reward. Too late now. No positions therefore.
 
Quote from turkeyneck:

Do you think the Japanese government will intervene if the yen starts to go back up?
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No, I don't think they will act in the market. Japan came directly into market for intervention when usdjpy moved towards 82, 80 and 76.

Unless yen move to below 85, no chance of intervention at all.
 
Quote from turkeyneck:

US$/Yen has a problem cracking 100. Is the move over and will test the other side?
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Why do you ask, you think someone in ET actually knows? Let me fast forward to the end of your research conclusion, no.

Follow price, it is the only truth.
 
Quote from RedTankEra:

Why do you ask, you think someone in ET actually knows? Let me fast forward to the end of your research conclusion, no.

Follow price, it is the only truth.
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+1 on that.. trade what is happening.. its hard enough to figure out that.. much less project some narrative out into the future.. ... i notice narratives basically trap your bias in one direction leaving you trapped .. always trying to force price action into your story..
 
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