basically that would mean NYK today would need to close 118.70 or higher - because the largest day range we have seen has been 150 points.
the last 2 days we have been around the 90 mark and gone up each day -- so if it is a bullish day tomorrow - we should walk in Asia Open @118.90-95 +
if we see something different than that - then we know something is up.
Just putting it out there.
gc sf 05:04:19 GMT - 11/20/2014
good call Abel - you had stuck with that for a few days now
I definately think we see 119.10 soon - way too much momentum in the market - and just a wipe out for those still short over the last couple days.
Maybe one dip to 28-30 but that would be it... or it could be there in 15 minutes lol .. anyway lets see.
23401 01 01:32:10 GMT - 11/20/2014
Provo John 01:24:23 GMT - 11/20/2014
1) Stop trading using your capital
2) Get a demo account
3) Send an email to Jay or John ( the head guys here ) and they will get you going in the right direction.
Provo John 01:21:22 GMT - 11/20/2014
I think it is highly unlikely BOJ is concerned about quickness of the move up. They may give some lip service ( which I doubt ). It has ALWAYS been and will ALWAYS be about the exporters. And the better the level to bring their profits home the better especially before year end. And the same for end of 1st qtr next year.
23401 01 01:18:55 GMT - 11/20/2014
Hi all someone should please save me. Am new in forex trading and I have almost lost my capital. Can I meet a mentor here.
gc sf 01:11:37 GMT - 11/20/2014
seems your right on the money there John
when the Stocks hit their low that was the 118.00 test and you seem to be about right - the tolerance before worry seems to be on the upper band of 200-300
up 15 pts in stocks and $yen back to being better bid.
Gold broke 1180 just now ... but AUD so far can't hold below 8600
Really the only concern is the random "speed of the move is excessive" ... type thing we sometimes get in this time-zone... that you don't see in London or NYK.
Provo John 00:42:32 GMT - 11/20/2014
As of yesterday, I was considering closing my accumulated short jpy positions (from 109 and 140). Now, I am reconsidering as there seems to be some new momentum. So any dip to 117.50-117.80 is a gift. Even if the Nikkei were drop 2-300 pts the drop in $jpy is a gift.
Picking up long $jpy and eur/jpy have been the no brainer play while every where else has been harder to play for me.
gc sf 00:19:12 GMT - 11/20/2014
Nikkei CFD 17375 -100 from earlier.
NY JM 00:13:25 GMT - 11/20/2014
It is the pace of a move more than a level that prompts a CB concern comment. In this case G20 gave Japan a free pass and BoJ did not comment yesterday but will nevertheless be on alert.
gc sf 23:22:17 GMT - 11/19/2014
Hopefully we get bit more action today than yesterday - as it took till after lunch for the USDYEN bids to get stronger
and we actually did a similar thing yesterday -- shot above 10 - sat here for a while then went down and tested 78-83 before moving back through 10 and not really falling below it again.
also this $YEN / Nikkei relationship need to see whether that gets back on track or we stay apart.
if you look at the most likely range in Asia for $yen its
117.80 / 118.50 then potentially 119 in London
if for some reason we did get under 117.80 then you would have to expect that 117.58-63 area to hold... and the only reason for it to go that low would be some comment by an official saying the market is moving too quickly or something like that.
Right now my Nikkei CFD level is 17475.
Anyone else trading Asia with thoughts / views please join in.
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