Usd/jpy

[Chood]

Quote from Chood:

. . . Anybody see Kathy Lien’s prediction last week at FXCM of a pending, big move of USD/YEN down to 110.00? Her mini-account audience likely jumped on it.

Geez, I wonder if all of Lien's lemmings took the plunge? If any are left, they'll need powerful downward-looking radar to find 110.00 (spot) from here.

 

[ForexPro]

I read Kathy Lien's book, which had about 5 set-ups in it. All seemed flawed to me. If K Lien was a great trader, why does she work for FXCM and not just trade her own cash?

 

[Chood]

Quote from YeahIknow:

. . . If K Lien was a great trader, why does she work for FXCM and not just trade her own cash?

Easy gig versus knife juggling. Selling and promoting retail fx to an unsophisticated audience is like juggling plush toys compared to actually trading foreign currencies.

 

[spersky]

Chood,

You will still be short the YEN when the BOJ meets?

Who know what they will do to the Yen at that meeting.

 

[Chood]

Spersky,

". . . Today's 8 am profit is 2.32 times greater than max drawdown. And waiting for more."

 

[spersky]

well nice work. did you lock in profits with a stop

 

[Chood]

no

My next trading decision isn't a trailing stop for the existing shorts, but the price(s) for entering new shorts in the next month, the June contract.

 

[TenTwenty]

I'm long USDJPY at 117.48 and holding for as long as she'll let me.

The Japanese government is out there talking the BOJ down from their rate hike perch - they love the weaker yen and won't be willing to give it up so easily.

It's not a coincidence that the Japanese economy picked up in 2005 and the yen fell almost 20% at the same time.

 

[Chood]

Closed my near month YEN shorts at avg 008488, which added some (32 ticks per) to the profits through Monday 8 am.

 

[EqtTrdr]

Is there a particular time the BOJ will announce the rate decision at the meeting today/tomorrow?

thanks