I don't know what lunacy just caused that USD/JPY move down, but I added to my existing long with another 125,000 units @ 89.24. Too good of an opportunity to pass up just because someone decided to slam it down after the 10AM expiry. Where's Chood when you need him?
I used to hang with brits all the time in Moscow. Muppet was my favorite insult (because it's not really an insult, it's more a silly jab). That and "barmcake".
Lunacy appears to be gaining strength Update 10:53, found on Reuters http://www.reuters.com/article/usDollarRpt/idUSN2147084820090121
Yep, am about to get stopped out. I have some AUD/JPY shorts, with EXTREMELY tight stops, as this is the point where the Dragon might come in.
Just make sure to keep those stops tight. If the BoJ comes in - like they've been rumored to do around this area - there might be a violent reversal.
I've been selling Yen on the spike but thanks for the warning! Dollar/Yen could be ready for the BOJ, if only it paid interest. Damn, 93 pips in 18 minutes, I need caffeine and a mogadon, my mouse is smokin'! Look what I left on the table Never mind, musn't be greedy....
Took a drop below s/r line for +105. Done for the day, gotta go to work. 3 trades for +239. Must be that clean air!
Good job! Just looking at the charts I've decided I need a broker who has trailing stops! Maybe I'll get a few tips from this program which is on TV tonight about 'risk professionals', hey that's us! I'll post it on YouTube if I get a chance..... The City Uncovered with Evan Davis The journalist meets hedge fund managers and derivatives experts. These powerful individuals who have the ability to make huge fortunes are often considered the bad boys of modern finance and treated with suspicion. Evan Davis sets out to uncover the human faces behind the myths about risk professionals.