i think its safer to get 100 pips down tonight and let the next move happen, then get back in. well that's my plan at least. but i need to see a setup to the downside 1st which i think is forming right now.

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i also have this number and if we bounce back to 71/74 then that will set up a nice plunge down

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very true even a drop of 100 pips from here would be healthy for bulls.

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short 13262 stop loss 13310 tp open

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if we trade completely sideways (tight range/ boring/ no new high) for the rest of the day, a long around 13164 would be a good place to look.

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stopped out again. no love . 13230 and then 13265/71 next on the shorting menu.

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short again. 13185 stop loss 13195 . last line of defense before 13265

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no just massive buying i was watching 1 minute chart the bears attacked. the bulls opened a can of whoop ass and reversed it.

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on this as well hopefully the bears come out of hibernation soon.

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closed long 13120 and short 13121 stop loss 13142 tp open somewhere around 12950 if 13137 breaks we could go all the way up to 13265/71 area.

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took 1/2 profits at 13105, waiting for 13120 level to get played into.

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they have i think 230% debt to gdp they cant even raise rates by 1% without having a soverign debt crisis. the only reason they dont have one now is they own most of their own debt and have account surplus from their exports but that has collapsed ...

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no if they did that they'd be repatriating them and causing the yens value to go up. it the opposite their pushing yen out into the global economy.

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[quote=Hyperion;6351617] they're selling their yen and buying other currencies and assets to drive the yens value down by flooding the market with yen. thats their main goal to get 2% inflation. but ya them buying esm bonds with their euro holdings ...

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ya i know they import their energy almost all of it, even more now since fukashima. plus if they get even a 1% increase in their jgb's their gonna be using any gains from economic growth to pay more for their massive debts. i think japan if they ...

EURUSD

the japanese are buying other currencies to lower the yens value to create inflation. they dont care what price they are buying the goal is to de-value the yen, so they will buy as much other currencies as their goals require. its not for a daily ...

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if 13123 contains the up move and we fall again the downside target is 12949 and then another up bounce into the range we've been in for last few days then a real Hard plunge down after.

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those 2 prices are both on my radar as well good to see. 13123 and 13265

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the us banks branches makes sense.

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Isn't the "japs" trading hours 8 pm to 3 am though ??

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