10.4 A Complete System

[fx800]

OK people - this is the news event of the day.
At 1310 hrs today that that's about 20 minutes after this post hits the thread, Governor Kuroda of the BOJ "speaks."

I swear I am psychic -- in the wrong direction.

I didn't see your post, nor did I see the news about Kuroda. I had been waiting for a pullback ever since I foolishly exited my USDJPY/GBPJPY longs this morning, about 15 hrs ago.

There was a good pullback this afternoon/evening, and then a bit of strength, so I jumped into NZDJPY and EURJPY. About 2 minutes before Kuroda took the stage.

Pathetic.gif

Oy vey. My timing is just amazing.

Gary,

Fx News Alert should keep you up to date with upcoming news events.

The file is too large to update.

Here is the link

http://www.fxnewsalert.com/

Cheers
peter

[nanningbob]

92% are selling the nzd/usd. I'm buying. Got my pending buys ready. If price goes below the daily pivot some more I am placing a pending buy there also.

[mageous]

Ingot54, can you share where you get the info on Governor Kuroda speaking?
Can't seems to find it anywhere, thanks

Chris is right, Mageous - this is where I get most of the news from - it is still quite a good source:

http://www.forexfactory.com/

You can actually subscribe to some news sources ... but honestly, you do not need more than the warning FF gives in advance, of pending important news releases.

And as for the actual news itself - I don't bother even thinking about taking a trade on it ... unless it is a decision NOT to be in a trade

Thanks guys, was looking at the myfxbook calendar, and the damn thing didn't shows " Bank of Japan Governor Kuroda Speech" until I did a refresh.

[Ingot54]

Slightly off-topic ... but useful ... more on the Spudfyre Fishnet Stochastic:

http://www.stevehopwoodforex.com/phpBB3 ... 044#p54044

[Ingot54]

Excuse me - I am shopping ... be back soon

[Gertje]

Perfect rebounce of the JPY, reloaded all pairs again for the 'Friday-shuffle'.
.

[cmeade2]

Yes it is a very good and very scary book

This is a scenario in a recent book that I read that everyone on this thread should read. It's called "Currency Wars", and it details how the current paper currency world will unravel pretty soon.

So what do you all think about bitcoin? How long will it be before we are trading it on the FX LOL

Thanks for recommending this book. I assume is the one from James Rickards
http://www.amazon.com/dp/1591845564

[Chris]

Sounds like a good read. So who has some JPY that they will be holding over the weekend, unless we see a big rally in the US session? Me Me Me!

[Davide24]

Excuse me - I am shopping ... be back soon

Guys be careful! gravity always wins! everyone has gone long xxxjpy in anticipation of the big outflow from JGBs into risky assets...but the thing is JGB yields continue to rise (in anticipation pf the nuclear QE) so the incentive for japanese institutions (Lifers, etc..) to rotate into foreign assets drops meaningfully...so beware an air pocket and bigger correction lies ahead first...

[Davide24]

gold XAU is the alternative jpy, with potentially larger losses ahead...