short the eur/jpy @ 142.40

Discussion in 'Forex' started by aestreux, Feb 7, 2006.

  1. aestreux

    aestreux

    up 50 pips from the last post with eur/jpy at 141.70

    seems like a lot of strength from the yen, with expectations of a japanese interest hike, and my favorite excuse: exporters.

    still short
     
    #51     Feb 10, 2006
  2. yeah, cgpi & machine orders figures did help, didn't they! but careful... may not last... 141.50 is a good level to cash in perhaps

    as regards the other 3 ($, gbp, eur) it's all up to US TB tonite... perhaps a small surprise from GE cpi figures before that, since expectations r pretty low
     
    #52     Feb 10, 2006
  3. aestreux

    aestreux

    still holding eur/jpy at 141.30, the path of least resistance looks down. if you must, take some profits at 141.30, otherwise hold for 141.00 next stop.
     
    #53     Feb 10, 2006
  4. cheers ;-) i'll follow on the next trade, not in this time, waiting for GE figures

    did you notice the ripple effect of the JP Machine Orders figures on XAU EURUSD & GBPUSD... short-lived wave but good & easy 20-40 pips up & down... well worth playing next time there is a surprise on JPY figures!
     
    #54     Feb 10, 2006
  5. aestreux

    aestreux

    haven't really been paying attention too much to eur/usd 1.1985 gbp/usd 1.7460, too much action in the eur/jpy! i've quietly been watching aud/usd .7400 to see if the recent upward action in the gold affects it.

    elite trader should have a time stamp option for posting with real-time quotes for all major markets of interest.
     
    #55     Feb 10, 2006
  6. aestreux

    aestreux

    eur/jpy 141.30 i'm out (covered) for the moment. i'll stay in cash until the next entry opportunity.
     
    #56     Feb 10, 2006
  7. aestreux

    aestreux

    yen rocketing again. if eur/jpy doesn't settle around 141.00, usd/jpy 117.60 either rebound or sink here... straddle? i'd like to see these levels broken!

    just shorted the usd/jpy at 117.75 for quick run.
     
    #57     Feb 10, 2006
  8. good call... am way too skeptical on jpy clearly... totally missed this boat again...

    gone short eurusd at 1.1974 on the back of crap french figures, and disappointing GE / EC figures (again), on small size... planning to sit on it until closer to US TB announcement...
     
    #58     Feb 10, 2006
  9. aestreux

    aestreux

    looks interesting,

    eur/jpy 140.70
    usd/jpy 117.50

    broke important levels, looks like eur/jpy 140.00 and usd/jpy 117 next.
     
    #59     Feb 10, 2006
  10. aestreux

    aestreux

    well, at last my first post call for this thread has come to fruition. eur/jpy has dropped some 200 pips from 142.40 to the around 140.30 and below.

    i think it's time to start a new thread and position! we have the weekend to think about it!
     
    #60     Feb 10, 2006