Japanese government might intervene in the JPY

[Reaver]

Quote from davidmaria1:

USD/JPY.
I mat have read this on another post, but volatility seems tobe the norm. 20 minutes of 5 pip sideways, then 20 pip stabs.
Pretty crazy.

I have lost my typing ability,
I am not sure what to,make of this,
Wide stops? Longer time frames? Sharpen scalping skills?
Made 2 trades, down 18, then up 13.

I'm on e/j 1 min and it's the norm to be catching 20+ pip bars.

My timing is off right now, I'm getting ate up like a dick sammich in a gay bar over here.

 

[davidmaria1]

Actually I'm on the E/U, not the U/J.
I had set a trendline on a 5 and 1 min from the (roughly)
6:00 to 8:30 eastern candles, shorting on the drops.
3 trades, up 12 pips.

9:24 Plus 3, looking for a reversal,
Gringinho taught me the edit trick on my posts.

 

[davidmaria1]

Quote from Reaver:

I'm on e/j 1 min and it's the norm to be catching 20+ pip bars.

My timing is off right now, I'm getting ate up like a dick sammich in a gay bar over here.

Ummm.......
OK.
Is it ok to laugh at that?

 

[Reaver]

Quote from davidmaria1:

Ummm.......
OK.
Is it ok to laugh at that?

LOL yeah I was just goofing off.

 

[davidmaria1]

60 pip drop. WTF was that?
I love shorts, and here I was typing like some clown


9:58
Whoops, forget that "love shorts" comment, Reaver

 

[Reaver]

Quote from davidmaria1:

60 pip drop. WTF was that?
I love shorts, and here I was typing like some clown

Yeah man I know what you mean. I missed it too. Damn it!

9:58
Whoops, forget that "love shorts" comment, Reaver

LMAO

 

[Gringinho]

Wow...
EURJPY is down 500pips now, after the 400pips up... talk about madness...
Doesn't seem like there is any comfort in the markets yet after all.

 

[cabletrader]

Quote from OVVO:

Very good point on many levels.

Thanks, you made some good points too but it seems they've all gone right over some people's heads

 

[cabletrader]

Quote from Reaver:

I'm getting ate up like a dick sammich in a gay bar over here.

LOLOLOL

That Jay Spirit gets everywhere!!

 

[Gringinho]

Now, the BoJ talk is beginning to get thicker and the knee-jerk motion for the Dow Jones at the open was attributed to official "help" for holding off the Yen...
I don't know about that though - but it's not a transparent market - so we traders are mostly in the dark. Only a select few know more than the rest of us...