Best Thread Potential setups
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firewalker99
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That's funny, I changed mine back from EUR to USD in August last year, and back to EUR just about a month ago.
supremegizmo
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giz's sunday special
hello traders
thought of uploading one of my key interesting research articles i done during my masters
its about " CARRY OVER TRADE"
will be helpfull to all those to understand what exactly yen is all about..
first doc is about yen carry trade
second one about currency risk ..basics
hello traders
thought of uploading one of my key interesting research articles i done during my masters
its about " CARRY OVER TRADE"
will be helpfull to all those to understand what exactly yen is all about..
first doc is about yen carry trade
second one about currency risk ..basics
Having finally reached the end, I did have a 'small' degree of disappointment which was due to the oft mentioned DOC/PDF not actually being available, unless I missed it (a lot of posts so not impossible).
I did come across a ZIP with some info in it posted by rags2riches (thanks for that), but was expecting something more. Maybe my misconception. However, that in itself wasn't the annoying part. What was annoying was that I had been compiling my own collection but then stopped when I thought that the job had already been done.
Does anyone have all the trader_dante posts from the "making money" thread(and particularly relevent replies) without all the extra posts?
Its a great thread and I'm trying to read the whole of it, but it would be great to not have to trawl though all the extra posts and in the process possibly skip something important by mistake.
Thanks.
hello traders
thought of uploading one of my key interesting research articles i done during my masters
its about " CARRY OVER TRADE"
will be helpfull to all those to understand what exactly yen is all about..
first doc is about yen carry trade
second one about currency risk ..basics
Good stuff Giz; excellent contribution.
[if you haven't read his attachments, do so]
Adding to the Yen-specifics, I would like to mention that a big force in the JPY is the Japanese Housewife punting on the yen between doing the dishes and picking the kids up from school (seriously) - aka "Mrs. Watanabe" - who are a big driving force behind the yen; given that, some think it is worthwhile looking at Ichimoku clouds and stuff because that is what Mrs. Watanabe will be looking at too...
elitejets
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Damn Mr G & Gizmo ... they won't let me rep you again ... but to add to what you said ...
TD Securities' global economist Stephen Koukoulas notes the daily average turnover of Japanese margined foreign exchange trading had reached $70bn by the September quarter 2008, representing 20% of all yen trading. Two years earlier that figure was only US$10bn.
Thats a lot of Mrs Watanabe's ... I love the Asian session.
chilltrader
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You don't want to spoil those beauties by making them brains
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brutusdog
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on that subject this was in the weekend ft a couple of weeks back.
FT.com / UK - Shopping, Cooking, Cleaning... Playing The Yen Carry Trade
supremegizmo
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giz's sunday tip
so after reading my attachments it would make more sense for euro traders why euro rallies on good US data.. simple equations
good US data = equities rally = eur/jpy rally (cross buying ) = eur/usd rally
however what i did not mention in my article was more quantiative is usd/jpy has strong correlation with short term US interest rates
also for those who still dont understand how a cross currency buying/selling can affect a major currency .
so for example mrs watanabe thinks tommorow european equities as a good buy. she will call up her broker and say " right i have got 10 mill yen to buy different german stocks ", the broker would then convert 10 mill yen to dollar equivalent and then convert the dollars to euro in spot market as cross pairs are created by mixing two major liquid pairs
eur/jpy = eur/usd + usd/jpy so obviously the movement in either one of those will affect the other one
Hence euro traders should time to time keep an eye on eur/jpy for any potential big figure moves..
so after reading my attachments it would make more sense for euro traders why euro rallies on good US data.. simple equations
good US data = equities rally = eur/jpy rally (cross buying ) = eur/usd rally
however what i did not mention in my article was more quantiative is usd/jpy has strong correlation with short term US interest rates
also for those who still dont understand how a cross currency buying/selling can affect a major currency .
so for example mrs watanabe thinks tommorow european equities as a good buy. she will call up her broker and say " right i have got 10 mill yen to buy different german stocks ", the broker would then convert 10 mill yen to dollar equivalent and then convert the dollars to euro in spot market as cross pairs are created by mixing two major liquid pairs
eur/jpy = eur/usd + usd/jpy so obviously the movement in either one of those will affect the other one
Hence euro traders should time to time keep an eye on eur/jpy for any potential big figure moves..
I've repped you too much! Keep up the great reading SG.
supremegizmo
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euro massive potential H&S
hello people
sorry about being late ... had some frustrating stops trigerred today so was not in a good mood..
HUGE POTENTIAL HEAD AND SHOULDER ON DAILY EURO ... WITH RIGHT SHOOULDER FORMING NOW.
But looking at what euro is going thru right now i will take a step aside ahead of ECB and non farm payrolls to see fr any clues.. for now market may be expecting magic word "quantitaive easing" from ECB and that could lead to massive dollar buying because we might be entering into an era fo competetive quantitative easing where dollar and pound are ahead whilst euro will follow the suit... cant draw any conclusions but i usually think out of the box .:whistling
hello people
sorry about being late ... had some frustrating stops trigerred today so was not in a good mood..
HUGE POTENTIAL HEAD AND SHOULDER ON DAILY EURO ... WITH RIGHT SHOOULDER FORMING NOW.
But looking at what euro is going thru right now i will take a step aside ahead of ECB and non farm payrolls to see fr any clues.. for now market may be expecting magic word "quantitaive easing" from ECB and that could lead to massive dollar buying because we might be entering into an era fo competetive quantitative easing where dollar and pound are ahead whilst euro will follow the suit... cant draw any conclusions but i usually think out of the box .:whistling
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supremegizmo
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supremegizmo
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euro update .. i see recovery attempts in euro thru smaller time charts 15min .. as of 12:44 gmt if i can read correctly i will see euro testing 1.3235
eur/jpy (sept contract s/b) same i say long on 4h t/f con/trendline and res becoming support at 12594 ish
how do you see it giz??
supremegizmo
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YEAH LOOKS LIKE A GOOD ONE .. ONE MORE INTERSTING THIS ITS 38.2% OF WHOLE UP MOVE .. ALSO WILL BE WATCHING 55 ema ON DAILY CHART ..
BUT I AM POSITION TRADING EUR/JPY SHORT AT 133.50 ... DOUBLE TOP REJECTION
target?? or are you out of that one giz?
supremegizmo
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euro 4h previous channel play
traders i will be signing off early today as i will side step ..
but will post some interesting formation .. euro traders remeber the previous 4hour channel of euro upmove? it coming in play at 1.3090 area along with 50% fib of big move
along with rising 4h 200 EMA as of now and a daily 55EMA which was broken in early march
55 daily ema was difficult to crack at first instance i personally think its going to be a test
but as i said before i am nervous about ECB and Non farm which are significant event risks and this is not how i play!
traders i will be signing off early today as i will side step ..
but will post some interesting formation .. euro traders remeber the previous 4hour channel of euro upmove? it coming in play at 1.3090 area along with 50% fib of big move
along with rising 4h 200 EMA as of now and a daily 55EMA which was broken in early march
55 daily ema was difficult to crack at first instance i personally think its going to be a test
but as i said before i am nervous about ECB and Non farm which are significant event risks and this is not how i play!
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