nanningbob wrote:You were right and I am sorry. I deleted both posts. Please accept my apology.
Accepted with open arms
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| 10.6 EDSEL https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3259 |
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| Author: | 95026862 [ Wed Dec 04, 2013 11:19 pm ] |
| Post subject: | Re: 10.6 EDSEL |
usually it's major. last time, we had a 700 pip move on the usdjpy within a day |
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| Author: | harry [ Wed Dec 04, 2013 11:42 pm ] |
| Post subject: | Re: 10.6 EDSEL |
And does it make strong always or there is a chance for negative effect? Wanted to plan to grab some pips thanks |
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| Author: | 95026862 [ Wed Dec 04, 2013 11:45 pm ] |
| Post subject: | Re: 10.6 EDSEL |
most likely it will devalue the currency |
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| Author: | tibochina [ Thu Dec 05, 2013 12:01 am ] |
| Post subject: | Re: 10.6 EDSEL |
Thanks Bob. I never change magnification on the info page. Makes quite a difference. |
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| Author: | harry [ Thu Dec 05, 2013 3:52 am ] |
| Post subject: | Re: 10.6 EDSEL |
News is out but still i do not see like a big impact...is this the way JPY react on bond news? thanks |
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| Author: | nanningbob [ Thu Dec 05, 2013 4:36 am ] |
| Post subject: | Re: 10.6 EDSEL |
The bond sales are held all month. I think they have 10 of them over the next 3 weeks. Their intent is to weaken the currency and is a two year program. There wont be any big moves because it disrupts the market/economies too much but it will send JPY into a slow steady depreciation. Look at the weekly charts and you will see a similar pattern on all JPY pairs. 1. 2012 JPY economy is stagnant and has been for decades. Abe runs for office on a program to depreciate the YEN and cause inflation of a minimum of 2-3% so JPY economy can grow again. With a debt ratio to GDP of over 220% paying off the debt is impossible but depreciating it is the only way out. Abe is elected and begins putting his people in place in the govt. early 2013 2. April 2013 JPY bond sales begin with the largest sales to economy size in history. We that followed this story had some of our best months ever in trading April/May. 3. Summer range happens as bond sale effective begins to wane and other economies adjust to JPY move. A breather in the program. 4. BOJ announces that the program needs a kick in the butt so beginning in 2014 they are planning on increasing the amount of the bond sales. Price reacts since no one really wants to be in on the wrong end of price action. In other words dont buy the JPY. 5. 2014 JPY YEN will depreciate more as year 2 of the program kicks in. BOJ plans on increasing its bond buying program. |
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| Author: | nanningbob [ Thu Dec 05, 2013 5:51 am ] |
| Post subject: | Re: 10.6 EDSEL |
You were right and I am sorry. I deleted both posts. Please accept my apology. |
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| Author: | 95026862 [ Thu Dec 05, 2013 8:42 am ] |
| Post subject: | Re: 10.6 EDSEL |
Accepted with open arms |
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| Author: | aserschan [ Thu Dec 05, 2013 6:43 pm ] |
| Post subject: | Re: 10.6 EDSEL |
nice setup forming on gbp/cad any comments appreciated... |
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| Author: | jago25 [ Thu Dec 05, 2013 8:20 pm ] |
| Post subject: | Re: 10.6 EDSEL |
If I measure off the pins I get a minimum of about zero pips... if I measure off the candles I get 350, maybe even 450. Perhaps that confirms it as a zero risk trade? (good) 15m GBP/CAD  bigger image:  Am I doing this right?: http://youtu.be/TXWqAUtl5V8 ... I never seem to find anything particularly concrete down to the hour. Maybe I'm just not looking enough. |
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