JPY at end of trend?

Quote from JSSPMK:

Huge declining wedge in Ninja daily getting to apex of wedge, very close to all time low, Japan government under pressure to do SOMETHING to hold down Yen, DX weekly put in inside bar at rising multi month TL, open interest dropped slightly last week, savvy traders don't initiate new shorts too close to all time low due to low reward vs risk. I am sure there are more reasons for going long the cross the closer it gets to the all time low.

Ok, I will not pretend to understand fully reasons to call for end of the down trend, but there are enough reasons to expect an intermediate bottom to come in near 80 zone. Common sense guys, QE2 was hinted at and reaction of pricing in hasn't broken all time low already, why would it do it now? Based on what?

Let's be realistic ;)
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http://en.wikipedia.org/wiki/Big_Mac_Index

;=)
 
I can't believe what I am seeing, the tide is turning & retail traders that "averaged down" are winning?!? Impossible! They always lose!

;)
 
Quote from JSSPMK:

I can't believe what I am seeing, the tide is turning & retail traders that "averaged down" are winning?!? Impossible! They always lose!

;)
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Retail traders are"winning" after actually depleting their margin accounts nearly 70-80 %.

If they try long enough, you will have a winner - let´s say 1 out of 10.

Meanwhile they need several hundred of % in profit to break even...:)
 
Quote from ASusilovic:

Retail traders are"winning" after actually depleting their margin accounts nearly 70-80 %.

If they try long enough, you will have a winner - let´s say 1 out of 10.

Meanwhile they need several hundred of % in profit to break even...:)
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Assumptions galore!

There are $300 retail & there are capitalized smart retail traders, which ones form the majority of FXCM's data is only for them to know.
 
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Quote from ASusilovic:

Retail traders are"winning" after actually depleting their margin accounts nearly 70-80 %.

If they try long enough, you will have a winner - let´s say 1 out of 10.

Meanwhile they need several hundred of % in profit to break even...:)
More...

Most retail traders losing money this way ...

But the Japanese female retail traders who piled on the gravy train for 10+ years on the ultimate carries before this financial crisis BS were winning almost all the time.

=)
 
Quote from Lawrence Chan:

Most retail traders losing money this way ...

But the Japanese female retail traders who piled on the gravy train for 10+ years on the ultimate carries before this financial crisis BS were winning almost all the time.

=)
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My honorable greetings to Mrs. Watanabe ! :)
 
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