Trading -AUD/USD

Quote from tradingjournals:

It is doing some strange movements! It is strange that asians have not been following the US lately. They have to sooner or later?
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Well, you know what they are saying: "The market can stay irrational longer than you can stay solvent."
John Maynard Keynes, English economist (1883 - 1946).

Good luck.
 
Quote from xelite777:

Bank of Japan Rate Decision report due in 30 min (3 AM GMT), get ready... :cool:
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How do you get ready, are you going to wait for the decision or have you already picked a long/short position? Or will you countertrade the decision?

It looks like USDJPY, EURJPY and GBPJPY are a little overbought on a 1 hour chart, would you agree?

Thanks for the heads up, will be watching!!
 
Quote from ramora:

How do you get ready, are you going to wait for the decision or have you already picked a long/short position? Or will you countertrade the decision?
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Well, I wish I could just pull a trading signal from my magic hat but currently I do not see anything on my "radar", as far as the Yen is concerned.

Legendary trader Jesse Livermore once said : "It was never my thinking that made the big money for me, it always was my sitting".

Meaning, no position is also a position.


Quote from ramora:
It looks like USDJPY, EURJPY and GBPJPY are a little overbought on a 1 hour chart, would you agree?
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Never assume that a financial instrument is overbought or oversold, in the long run it does not pay, trust me on this one.

Thanks for the heads up, will be watching!!
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You are welcome, if something comes up I will post it here.
 
Well, apparently the Japanese report is not in yet, these hot shot Japanese financial analysts are probably still busy eating their Sushi and drinking their Sake somewhere in Tokyo downtown :D

pala_sushisake.JPG
 
USD/JPY up, but first sellers could show up at around 100.55. So only 20 pips distance. So it could make a headfake --- up to turn down like what EUR/USD did last night.
 
Quote from ramora:

How do you get ready, are you going to wait for the decision or have you already picked a long/short position? Or will you countertrade the decision?

It looks like USDJPY, EURJPY and GBPJPY are a little overbought on a 1 hour chart, would you agree?

Thanks for the heads up, will be watching!!
More...

Ramora:

I did not know you were still around. I thought you may have been extremely bored following this thread. I assume that XE. gave you the answer you were looking for. I did go over all posts yet so did not read his answer, but his sushi picture sent me to the kitchen.

Best wishes to you!
 
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