sKaLpZ' (NEXT) USD/JPY Short Trade

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Quote from mtzianos:

Let me add this:

I would NEVER, repeat NEVER, have imagined that the powers that be would be able to prop up USD to these levels of 90. And I admit that I was wrong about their ability to make it happen, regardless of underlying reality and funnymentals (even the skewed one fed to the media).

Still, with regard to the JPY/USD trade, I would think this is a good opportunity for Bank of Japan to cash-in either part or whole of its $320bn (=$50 for EVERY PERSON ON EARTH, which it created out of thin air back in 2003-2004 and bought dollars vs Yen).

So they could buy back the equivalent of $320bn in Yen (overall maybe even with a profit, at the expense of those who rushed to hedge their USD exposure) and cancel those bonds they issued (internally). And avoid the issue of forex fluctuations creating huge losses for their taxpayers (as if they cared...).

Overall, BOJ dollar position had an open (unrealized) loss close to -$100bn by the end of 2004 on that trade. This BOJ position might actually be close to break-even or even in profits right now.
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Good analysis!

Agreed, this 17-cent tumble even shocked me, and I've got market shocks already build into my system!

how on earth could fundamentals that drove EUR/USD to 1.3665, that have NOT actually changed, now account for a 1700-pip drop swing??

lmao,

Saham
 
Quote from sKaLpZ:

So, there I was, 3AM last night, watching my USD/JPY long trade go higher and higher and higher in profit.

After taking numerous pips and re-entering, just to have it go up higher, it occurred to me... sKaLpZ, what happens if you open a USD/JPY short trade...?

so I made arrangements with my broker to open a sub-acct in my live trading platform that I funded immediately, opening a short USD/JPY trade.

As you know, I called a 650-pip fall in EUR/USD 40-days before it happened and nailed every pip down successfully.

Well... I think... I'm gonna do it again. LMAO!

Therefore, I present to you, ladies and thugs (especially the ladies *wink*) sKaLpZ' (NEXT) USD/JPY Short Trade. :D

In the same fashion, using a slightly-modified version of the last updated version of my trading system with components of KABIR in it, here are the beginning specs of the trade.

Trade pair: USD/JPY.
Trade direction: Short.
Average Price: 110.34
TP: 500-points.
Trade Status: Live.
Current Market: 110.56

As usual, I am challenging the globe to try to beat me trading in the open forex market, to try to wipe me out with any trading system before I reach my 500-point TP (or better - lmao), specifically central banks, the biggest banks with all their forex trading teams and the largest institutional funds, including Buffett, Soros and Gates, because I'm the best currency trader on the planet.

Global warning: Do NOT try to do the same trading maneuvers as I do because you will most likely blow up your account. :D

Good luck, and may the best forex trader(s) win. :cool:

*BUSTS UP LAUGHING*

The Coin
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I don't know about challenging you but I have been long from 109.70 on 6/28/05 till today's ask price of 111.78 with 3 100k contracts. I think I'm slowly putting your money in my pocket, if you say you are short since 110.34.

I have a better trade than that. I'm short the GBP/USD from 1.8128 on 6/29/05 looking at today's ask price of 1.7684 with 2 100k contracts.

I think I'm just lucky.
 
Quote from Long_or_Short:

I don't know about challenging you but I have been long from 109.70 on 6/28/05 till today's ask price of 111.78 with 3 100k contracts. I think I'm slowly putting your money in my pocket, if you say you are short since 110.34.

I have a better trade than that. I'm short the GBP/USD from 1.8128 on 6/29/05 looking at today's ask price of 1.7684 with 2 100k contracts.

I think I'm just lucky.
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Very good trading!

Nope, you ain't got none of my money, mister. I want the price to climb on my USD/JPY short. :D

No problemo there.

You probably were lucky to be on the right side of the yen and cable moves. No offense.

My cable long trade is sitting down almost 1650-points... just where I want it. :cool:

"Luck" is built into my systems.

sKaLpZ
 
Quote from sKaLpZ:

Very good trading!

Yes, you got some of my money, mister. I want the price to climb on my USD/JPY short. :D

No problemo there.

You probably were not lucky that was skill to be on the right side of the yen and cable moves. No offense taken.

My cable long trade is sitting down almost 1650-points... just where I want it. :cool:

"Luck" is built into my systems.

sKaLpZ
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I challenge you.
 
Quote from Long_or_Short:

I challenge you.
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lmao...

you'd be better off to find a different occupation.

because if you and me did trade, you'd be mostly thinking about one thing...

"Where's my Stop Loss?"

fxscalper
 
Hey best currency trader on the planet, you know the short EUR/USD trade you had last year? And it took more than 8 months to be flat, and i may add with an incredible amount of luck and bad Europeans economic event?

Well just cause of that you can no longer call yourself the Best trader on the planet! That title is now up for grabs.

sorry coinzy

Btw you really plan to go short on USD/JPY??? Japaneese are dead, gone, bye-bye, history, old relics of the cold-war like the russians! Forget about the Samouraï, Shaolins are the way to the future!!!
 
Quote from mtzianos:

Also, wrt Japan's "competitive devaluation" i.e. depressing the Yen:

Instead of pressuring China to reval RMB, USA would gain more (by not losing even more "real" jobs) if the Japanese would let their currency appreciate to 100 or even 90 (i.e. let it appreciate 10-20% from the current level of 111).

That way, companies like GM or Ford would stand a chance to survive.
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If GM or FORD could make good cars that don't break, they would have a chance to survive.

They rule on the looks though! And i prefer a good american engine expressing it's full power at 3000 RPM than a stupid Honda engine that you have to puch up to 7000 RPM before feeling the slightest form of acceleration.

But if i have to pay for repairs on that stupid GM car every year, what use is it for me?

Honda and Mazda are more expensive than GM and Ford btw, it's not a currency issue. The demand for Japanese cars is just stronger.
 
Quote from Maxprofit$:

Hey best currency trader on the planet, you know the short EUR/USD trade you had last year? And it took more than 8 months to be flat, and i may add with an incredible amount of luck and bad Europeans economic event?

Well just cause of that you can no longer call yourself the Best trader on the planet! That title is now up for grabs.

sorry coinzy

Btw you really plan to go short on USD/JPY??? Japaneese are dead, gone, bye-bye, history, old relics of the cold-war like the russians! Forget about the Samouraï, Shaolins are the way to the future!!!
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The EUR/USD short trade didn't make me the best, good trading does. :D

Yeah, I'm in long yen against the USD and currently sitting close to 150-pts down, so what?

I'll still hit my 500-pt TP and that's all that matters - :cool: - making money.

By the way, the title is not up for grabs until I lose.

I don't foresee that happening anytime soon. Not with the likes of that sloppy trader slug Long-And-Short as a challenger.

lmao,

thescalper
 
Quote from Maxprofit$:

If GM or FORD could make good cars that don't break, they would have a chance to survive.

They rule on the looks though! And i prefer a good american engine expressing it's full power at 3000 RPM than a stupid Honda engine that you have to puch up to 7000 RPM before feeling the slightest form of acceleration.

But if i have to pay for repairs on that stupid GM car every year, what use is it for me?

Honda and Mazda are more expensive than GM and Ford btw, it's not a currency issue. The demand for Japanese cars is just stronger.
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You're right.

You should become an analyst for the auto industry. I'm not kidding.
 
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