Well I havent figured it out fully but I have slowed down loss rate significanlty so i'm looking an uptrend in my gains.
![](https://resources.faireconomy.media/images/emojis/64/1f60e.png?v=15.1)
USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
Dislikedlearn new thing, n testing now..
ep-105.27
tp-104.94
sl-105.43
now-105.21Ignored
DislikedIs this good thing? - i hope so. I'm still holding my short position from 104Ignored
DislikedHi Bruce thanks for the input, I'll be delighted for more lessons and rules to help my progress http://www.forexfactory.com/images/icons/icon14.gif
Regards
IssyIgnored
DislikedDownward move not happening. How much longer before it start or we call it quits?Ignored
DislikedI love these small movements back and forth, you can scalp the living shit out of it ......Ignored
DislikedTrouble is it's still very hard to gauge how much up and down it will move within the band. If one is not careful, it can break out and one might be caught in the wrong direction.Ignored
DislikedNews from Japan just now was bad, so yen won't be strong for a while. Don't see how usdjpy can dip very low.Ignored
DislikedAs long as the BOJ holds the rate at .50 basis points the weak numbers in Japan have no lasting effect.
Here is how the Carry Trade in Yen US Dollar works.
Better to see it from last August 2007 when the US Discount rate was 5.25% and I think BOJ was at 0 or .25 or even .50 basis points.
So Miss Sexy Japan Investor/Housewife borrows $10,000 US Dollars in YEN at .25 or .50 Basis points and buys US Dollars and gets the spread at 5.25% less the .50 basis points. That is PROFIT in this example of 4.75%
Then Miss Japan Investor/Housewife buys the Dow as it goes UP and UP
Everyone is a WINNER and 2 Trillion Carry Trade in YEN is born.
Along comes Sub Prime ABCP and all that JAZZ
Fed Cuts to 2% VS .50 basis points and GONE is Spread Edge...
The Depreciation in US Dollar (Yen 125 VS 105 NOW) and now to the Dow and the unwinding of Two Trillion Dollar Carry Trade.
The Dow goes down 250 points. They sell and get US Dollars and they SELL US Dollars and pay off their $10,000 Loan by BUYING back YEN and paying Lender.
Any Questions ? Class :-)Ignored