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10.7 CSS
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Author:  nanningbob [ Wed Oct 29, 2014 7:19 am ]
Post subject:  10.7 CSS
yosarian0 » Mon Oct 27, 2014 9:38 pm wrote:I'm guessing most folks using the Daily CSS have noticed that pretty much all the majors are between the 2.0 and -2.0, or pretty near one of the 2 lines, pun intended ;). Is this an indication of a 'spring loaded' situation? Would welcome any insights into this. I'm relatively new here, but have been learning to use the CSS for a few months. Haven't seen this type of indication son the CSS daily before.
After a strong Sept and Oct moves the market has consolidated until the next news event that blows it out of its doldrums. The indi will move when the markets move. It should be the last good move of the year if it happens. Otherwise wait until Jan.
Author:  nanningbob [ Wed Oct 29, 2014 10:52 pm ]
Post subject:  10.7 CSS
Hey I can choose from two different kinds of platforms and GMT times. hmmmmmmmmmm

New OANDA Empty4 server features five daily candles per week

We are pleased to announce a new OANDA Empty4 4 server that supports five daily candles per week.

To access the new server -- OANDA – GMT+2 Live -- you will need to re-download the Empty4 client and sign in with your existing Empty4 account number(s).

Please be advised that you have the flexibility to trade on either the new or existing OANDA Empty4 server (OANDA – GMT-5 Live) with all of your Empty4 subaccounts.

If you have any questions about our Empty4 offering or how to access the new server, please contact our Client Experience team.

Thank you for your business!

Best Regards,
The OANDA Team
Author:  nanningbob [ Fri Oct 31, 2014 7:29 am ]
Post subject:  10.7 CSS
Time to take a ride on the Yen again placed some shorts this morning because I normally do at the beginning/end of a month especially when I saw the JPY angle down strongly and JACKPOT!! :yahoo: :cheer: :good: :smile: :party: :clap: :D :) :lol: :xm: :P :mrgreen: :!!:
Author:  nanningbob [ Sat Nov 01, 2014 4:06 pm ]
Post subject:  10.7 CSS
OK I see noone picked up the baton for CSS so here goes. I am using the 24 pairs like in the past.
Because of the huge JPY move it kind of distorted the whole thing. Made everyone else go up while the JPY went down big time. This probably will carry for the week so definitely look for JPY sells. If the massive move continues just jump in and take the ride.

AUD broke above the 20 line and is the strongest and NZD will probably follow but weakly.
USD is moving up again and should be fairly strong the rest of the year.
CAD and GBP are moving up also but I think that is more caused by the JPY fall.
EURO and CHF flattened out they should continue their flatness with a possible move towards weakness. Right now I am not a big fan of the euro going down much further but its still possible. So for the week look for:

aud, usd strength
cad, gbp continue to move up but not as strong.
eur, chf, nzd flat
jpy down down down.

Have fun trading.
Author:  nanningbob [ Mon Nov 03, 2014 12:35 am ]
Post subject:  10.7 CSS
The yen slumped by 2.94% last Friday and by 3.7% in the last week. The Dollar Yen rose to 112.32, the highest level since 2008 and 8.4% higher than it was six months ago. Now that the market understands the determination of BOJ there will certainly be more space open for the Yen’s depreciation. The long term target level for the Dollar Yen can be probably set beyond 120.

Time to jump on the YEN weakness bad wagon again. I see this move going for several months. Now that doesnt mean there wont be retracements but the overall trend will be down for the JPY across the board.
Author:  SpiderX [ Mon Nov 03, 2014 2:19 am ]
Post subject:  10.7 CSS
nanningbob » Mon Nov 03, 2014 8:35 am wrote:The yen slumped by 2.94% last Friday and by 3.7% in the last week. The Dollar Yen rose to 112.32, the highest level since 2008 and 8.4% higher than it was six months ago. Now that the market understands the determination of BOJ there will certainly be more space open for the Yen’s depreciation. The long term target level for the Dollar Yen can be probably set beyond 120.

Time to jump on the YEN weakness bad wagon again. I see this move going for several months. Now that doesnt mean there wont be retracements but the overall trend will be down for the JPY across the board.

Hi Bob,

Realistically how much lower can they allow the JPY to depreciate ?
Wont it hurt them in the long run ?

cheers
Author:  nanningbob [ Mon Nov 03, 2014 5:19 am ]
Post subject:  10.7 CSS
SpiderX » Mon Nov 03, 2014 10:19 am wrote:
nanningbob » Mon Nov 03, 2014 8:35 am wrote:The yen slumped by 2.94% last Friday and by 3.7% in the last week. The Dollar Yen rose to 112.32, the highest level since 2008 and 8.4% higher than it was six months ago. Now that the market understands the determination of BOJ there will certainly be more space open for the Yen’s depreciation. The long term target level for the Dollar Yen can be probably set beyond 120.

Time to jump on the YEN weakness bad wagon again. I see this move going for several months. Now that doesnt mean there wont be retracements but the overall trend will be down for the JPY across the board.

Hi Bob,

Realistically how much lower can they allow the JPY to depreciate ?
Wont it hurt them in the long run ?

cheers
They have no choice. They are financing their govt. borrowing almost half of what they spend. They have almost borrowed their entire nations savings. No one is going to lend a country money at 230-240% debt to GDP ratio. Japan is bankrupt. Their population is retiring and people want their savings to retire on. So print and pay them back. When bonds go on sale the only buyer now is BOJ. They have to depreciate the YEN enough so their products are so cheap that people will buy them again. Kind of like China in reverse so they can go forward again. They have been in stagnation going on 30+ years. You want to know what it would be like putting a currency on the gold standard? Look at Japan where there has been no inflation. Take a 30K Toyota and get it to sell for 15K you have a revived auto industry again.
Author:  gringoh [ Mon Nov 03, 2014 11:10 am ]
Post subject:  10.7 CSS
Hi Bob,

On Friday, ADR values on JPY pairs were just amazing.

A good reminder for every trader to trade with caution, to exit the market before any major announcement, and to trade with a Stop Loss.
ADR JPY.JPG
Cheers,
G
Author:  nanningbob [ Mon Nov 03, 2014 11:49 pm ]
Post subject:  10.7 CSS
gringoh » Mon Nov 03, 2014 7:10 pm wrote:Hi Bob,

On Friday, ADR values on JPY pairs were just amazing.

A good reminder for every trader to trade with caution, to exit the market before any major announcement, and to trade with a Stop Loss.



Cheers,
G
That looks cool how do you use it?
Author:  SpiderX [ Tue Nov 04, 2014 3:37 pm ]
Post subject:  10.7 CSS
Hi Bob,

Do you think the mid-term elections in the US will impact the US dollar bull run ?
http://www.nytimes.com/2014/11/01/us/po ... .html?_r=0

Apparently some statistics guru put the republican's chance of winning at 75%.
If they do, the US would be left with a president who would be unable to effectively govern the country.
That doesnt look too great on the US dollar.

Cheers
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