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10.4 A Complete System
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Author:  nanningbob [ Thu Apr 04, 2013 4:53 am ]
Post subject:  Re: 10.4 A Complete System

go here but as promised:

http://www.boj.or.jp/en/announcements/r ... 30404a.pdf

2% annual inflation, do anything to make it happen at the earliest possible date, unanimous vote. I am going for the ride. I will not close any trades today. Gonna give this baby some room.
Author:  nanningbob [ Thu Apr 04, 2013 4:56 am ]
Post subject:  Re: 10.4 A Complete System

Chris wrote:Bob I think you got your 1000 pip week
I crossed 1000 pips yesterday by a hair, now I try for 2000 have 4 levels on aud/jpy, 2 usd/jpy, 2 cad/jpy, 2 nzd/jpy, others at 1 and waiting to enter 2 or more. I have no TP set on this one or they are at 200 pips or more. My account is already up 3% and still have the euro and USD sessions left.
Author:  Chris [ Thu Apr 04, 2013 4:58 am ]
Post subject:  Re: 10.4 A Complete System

nanningbob wrote:go here but as promised:

http://www.boj.or.jp/en/announcements/r ... 30404a.pdf

2% annual inflation, do anything to make it happen at the earliest possible date, unanimous vote. I am going for the ride. I will not close any trades today. Gonna give this baby some room.
Let it ride. You are very good at this. I would have never caught on to the importance of this news if not for you. Thanks for sharing. :mrgreen:
Author:  Chris [ Thu Apr 04, 2013 5:02 am ]
Post subject:  Re: 10.4 A Complete System

Even the EJ moved on it
Author:  nanningbob [ Thu Apr 04, 2013 5:07 am ]
Post subject:  Re: 10.4 A Complete System

up 5% for the day and over 1400 pips for the week now. Two days left, that is my 6th 1000 pip week and I am going to try for my first 2000 pip week.
Author:  TraderDesk [ Thu Apr 04, 2013 5:09 am ]
Post subject:  Re: 10.4 A Complete System

I love news like this...In E/J it was a great move and still is.... I don't really trade other JPY pairs when there are large moves as E/J has a very high daily trading range compare to the other JPY crosses so I just throw all my trading funds into this currency pair... Like Bob I will let them ride today occasionally adding to the buy bias... If price action goes down to 120 line I will add more... Long-term looks like JPY will weaken.... Let's see if today she will cross that 240ma line to reinforce that thought...

I am looking for PA to hit 122.300 at least :D

Also on the CSS it shows EUR strengthening back up once again so it would be great if JPY and EUR come back and cross each other once again...
Author:  Chris [ Thu Apr 04, 2013 5:11 am ]
Post subject:  Re: 10.4 A Complete System

I am up almost a 1000 for the week, 500 just today, but only 2.7%, I am a bit conservative with my position size other wise it would be more.
Author:  Chris [ Thu Apr 04, 2013 5:19 am ]
Post subject:  Re: 10.4 A Complete System

Still going, I took profit on everything except the EJ at this point. maybe there will be a retracement for another entry.
Author:  TraderDesk [ Thu Apr 04, 2013 5:25 am ]
Post subject:  Re: 10.4 A Complete System

Chris wrote:Still going, I took profit on everything except the EJ at this point. maybe there will be a retracement for another entry.
Hi Chris, there is always a retracement :) Depends on your timeframe as well... Myself I look or adding new positions off of the 1 or 5 minute charts depending on the currency pair... E/J I usually use the 1 minute TF....
Author:  aworex [ Thu Apr 04, 2013 5:26 am ]
Post subject:  Re: 10.4 A Complete System

TraderDesk wrote:I love news like this...In E/J it was a great move and still is.... I don't really trade other JPY pairs when there are large moves as E/J has a very high daily trading range compare to the other JPY crosses so I just throw all my trading funds into this currency pair... Like Bob I will let them ride today occasionally adding to the buy bias... If price action goes down to 120 line I will add more... Long-term looks like JPY will weaken.... Let's see if today she will cross that 240ma line to reinforce that thought...

I am looking for PA to hit 122.300 at least :D

Also on the CSS it shows EUR strengthening back up once again so it would be great if JPY and EUR come back and cross each other once again...
I disagree with you there the King of the JPY pairs is the GBPJPY the Ferari of the forex pairs :mrgreen:
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