Fading Yen - It has gone parabolic

[HopelessTrader]

Quote from gmst:

All the money I was making in FX, I was losing in ES and this continued for almost 10 months or so. But I persisted as a madman would!

Finally, for the last 6 months, I have started making money both in FX and index futures - all intraday.

With regard to ES, what changed in your trading during that time?

 

[HurricaneUS]

Quote from billyjoerob:

I'm not quite clear on this thread . . . is he scaling in to a losing position? Long yen and short dollar? Because the thread title is fading yen, but he appears to be long yen.

He's essentially betting against Shinzo Abe...I bet he doesn't even understand the fundamentals behind this yen move.....Japanese finance minister doesn't consider the yen even close to being oversold until around the 110 USD level, and with the BOJ governor stepping down early, Abe can now replace him with one of his goons to juice liquidity and tank the yen even further for the real move.....wait..what? this is not the real move?...not even close

 

[cdcaveman]

Quote from HurricaneUS:

He's essentially betting against Shinzo Abe...I bet he doesn't even understand the fundamentals behind this yen move.....Japanese finance minister doesn't consider the yen even close to being oversold until around the 110 USD level, and with the BOJ governor stepping down early, Abe can now replace him with one of his goons to juice liquidity and tank the yen even further for the real move.....wait..what? this is not the real move?...not even close

look at you trying to be helpful in your usual condescending way

 

[HurricaneUS]

Quote from cdcaveman:

look at you trying to be helpful in your usual condescending way

Did you finally figure out how to calculate a pip value?....loser....something my 5 year old can do.

 

[athlonmank8]

Quote from HurricaneUS:

He's essentially betting against Shinzo Abe...I bet he doesn't even understand the fundamentals behind this yen move.....Japanese finance minister doesn't consider the yen even close to being oversold until around the 110 USD level, and with the BOJ governor stepping down early, Abe can now replace him with one of his goons to juice liquidity and tank the yen even further for the real move.....wait..what? this is not the real move?...not even close

You're assuming they can afford it. Debt to GDP is 245.

 

[cdcaveman]

Quote from HurricaneUS:

Did you finally figure out how to calculate a pip value?....loser....something my 5 year old can do.

nah man i'm still working it out..

 

[HurricaneUS]

Quote from athlonmank8:

You're assuming they can afford it. Debt to GDP is 245.

they can't afford to print their own money

it doesn't appear that their high debt to gdp has kept the yen from being...until now...a safe haven currency due to their creditor status or more specifically net investment surplus status...anyways I don't think they will really care about the ratings agency....deflation trumps what some ratings agency wants to place on them...yields on 30yr japanese govt bonds are paying 1.99% currently..that's what's important

 

[oldtime]

Quote from cdcaveman:

nah man i'm still working it out..

if you don't know more than me, that makes you a loser

everytime I learn something new

that just makes more of the others losers

it's really important to me to be a winner

since I have been a loser all my life

one of these days

if I have the coolest car

I'm going to get a date with one of those cheerleaders

 

[cdcaveman]

Quote from oldtime:

if you don't know more than me, that makes you a loser

everytime I learn something new

that just makes more of the others losers

it's really important to me to be a winner

since I have been a loser all my life

one of these days

if I have the coolest car

I'm going to get a date with one of those cheerleaders

haha.. getting older but still getting younger.. haha you have to getwhat i mean by "getting younger" haha..

 

[oldtime]

Quote from cdcaveman:

haha.. getting older but still getting younger.. haha you have to getwhat i mean by "getting younger" haha..

don't let HurricaneUS get the best of you. He's a real loser. I like you, because you have no delusions. You can look at almost any trade and immediately understand where the profit is and what the risk is.

good trait for an insurance adjuster

not so sure it's a good trait for a trader

at some point boy, you're going to have to take some risk

like they told me when I started out

risk=reward

I'm extremely conservative

when I was a kid and watched "Let's Make a Deal"

I was the only one shouting

JUST TAKE IT AND WALK