<quote>Yes, I am thinking of cracking my modem for universal function. Enough of this rubbish from these guys.<quote/>

If it is a "who are we" (HUAWEI) modem, give me the IME so I can crack it for you.

hi,every one.@odiaero ,honeric &meshpips am new to forex pls i need a mentor.tell;o14083440 i stay in festac town

meshpips:

You go fear fear.

Those were your words.
Brother,

I SCARE FEAR!

Meshach.

Well not when you have the US fighting over themselves, i actually bought from 1.6245, had my TP at 1.6350 which hit.
EU was my best catch from 1.4160 up to 1.4400.

I was extra careful with the reaction the debt stuff might cause so i had a sell stop of about 60 pips to limit any potential damage. All in all, i'm looking to sell both EU and GU, just waiting for a clear confirmation before hitting below the belt. (1.4420/50 and 1.6450/80 are my point of call)

Are we there yet?

honeric01:

Well not when you have the US fighting over themselves, i actually bought from 1.6245, had my TP at 1.6350 which hit.
EU was my best catch from 1.4160 up to 1.4400.

I was extra careful with the reaction the debt stuff might cause so i had a sell stop of about 60 pips to limit any potential damage. All in all, i'm looking to sell both EU and GU, just waiting for a clear confirmation before hitting below the belt. (1.4420/50 and 1.6450/80 are my point of call)

Potential bear flag on the GU on the 4H TF. I'll wait for the next candle to close before I pull trigger though

^^^^

Nice one, but i am riding these shorts to 1.38xx/1.32xx and 1.57xx1.52xx from now till late september/october

^ Hmmm. Becareful of shorts, GU remain bullish on TF > 4H

^^^^

Thanks, not entering until 1.635x and 1.64x

NEWS FLASH!

2011/08/04 01:17:00 *JAPAN INTERVENED IN YEN, NIKKEI SAYS :JAPZ JP

2011/08/04 01:18:00 *NODA: JAPAN IN CONTACT WITH OTHER AUTHORITIES ON INTERVENTION

2011/08/04 01:19:00 *JAPAN'S INTERVENTION WAS UNILATERAL, FINANCE CHIEF NODA SAYS

2011/08/04 01:19:00 *NODA DECLINES TO COMMENT ON INTERVENTION AMOUNT

2011/08/04 01:37:00 Unilateral Japanese intervention shoots USD/JPY more than a big figure to current highs near 78.40.

It is 3.05am. I stayed awake. I just had this gut feeling something big would happen tonight and here we are. The BoJ has just sold 300billion Japanese Yen and purchased USD. I am selling the NSDUSD right now as these are the currencies being traded in teh Asian time zone.

2011/08/04 02:24:00 BOJ seems to be back in action,

with 100pips to the good, i wish you all a good night.

Are we there yet?

stagger:

2011/08/04 02:24:00 BOJ seems to be back in action,

This was much expected, init?

^^^ hehehe, finance minister in action usd/jpy from 76.75 till when i go chop d moni, ;Dremember i reminded the house few days back when the march reaction point was met say yen stress don end. Happy pipping guys and goodluck.

I hate dem japs, imagine giving more that 200pips back on Ej. Just like that, they make a decision without making noise like the US. Two weeks work. Bloody bloody bloody.

blackgucci:

I hate dem japs, imagine giving more that 200pips back on Ej. Just like that, they make a decision without making noise like the US. Two weeks work. Bloody bloody bloody.

Did you not use a trailing stop? The intervention was massive.

@blackgucci
Dooo, well at least you did not close at a loss on that flying EJ. kpele. the market is always there for another opportunity.

@leccano
no biggie EC and UC closed on monday for me at a abt 800 pips combined, i held em for 1 week and some days.
@ stagger
i already trailed to opening price. I was waiting for further movement.

^^^^


This intervention can't hold for long, anything from 80.xx should move back down at least 100 pips, on every intervention like this, we get a retracement that's massive too because its an artificial movement.

So far so good, it has moved close to 400 pips and a 100 pips retracement is not too much to ask.

I can see head n shoulder formation on GU, even though GBP is having a field day currently. Anyone with me?

Hi all,
the EURJPY trade call has also TP-ied.
Life can be easy.
Meshach.

Here's my trade call for Thursday

Buy LIMIT on AUDUSD @ 1.0602 SL 100pips TP 1.0800
See chart attached.
Happy trading!
Meshach.

Hi all,
sorry I missed something on the AUDUSD. We had a double top formation, please hedge till 1.0575 then remove the sell and let the buy run.
Thanks.
Meshach

Like i typed earlier on, we just saw close to 100 pips retracement from UJ, we might see another one soon.

Are you trading forex and losing or you want more stable profit with less stress on analysis, Contact Daylis Consulting on 017418223 or send a mail to daylisgroup@live.com

meshpips:

Here's my trade call for Thursday

Buy LIMIT on AUDUSD @ 1.0602 SL 100pips TP 1.0800
See chart attached.
Happy trading!
Meshach.

My sincere apology to all those that took this call on their live account. 100 - pip loss. I also suggest that we TP @ 1.6262 (price already hit this level) on the GU short. This would yield about 128pip profit. Have a lovely weekend. Meshach.

meshpips:

My sincere apology to all those that took this call on their live account. 100 - pip loss. I also suggest that we TP @ 1.6262 (price already hit this level) on the GU short. This would yield about 128pip profit. Have a lovely weekend. Meshach.

Your call was defective from the get-go. In an intervention, it is always good to know which currency the central bank is buying with its own currency. In yesterday's move by the BoJ, they sold close to 500billion Yen and bought USD. After the initial intervention, another round of selling was done at 78.35 (don't ask how I know; I have access to some deadly insider news software). This massive flow of USD buying is what has prompted USD strength, especially in the carry trade currencies of the AUD and NZD.

I personally did not trade the USDJPY, but sold the NZDUSD (see my post on this at 3am this morning when the intervention took place). You can see how far south the NZDUSD has moved.

Always understand the fundamentals thoroughly before going technical.

The intervention can't hold, i foresee UJ heading back south.