J_Graystone
Short

Another Bearish Day Trading Opportunity on USDJPY This Morning

FX:USDJPY   U.S. Dollar/Japanese Yen
744 17 10
After yesterdays break out to the down side, we have another Cypher pattern on the 5 min chart at 112.870 looking at

target 1 = 112.64
target 2 = 112.50

We will hopefully get involved in this this morning in the London Live Room.

http://www.tradeempowered.co.uk

See you in there!
Ohh, very nice try on this one. A few pips shy of hitting the jackpot
+1 Reply
J_Graystone PRO Akil_Stokes
Almost!
Reply
What in the world?? Woke up, saw your post on Twitter and decided to check out the Cypher.. I clicked the play button on your chart only to see we are down in the 111.00's territory!! Geez!! What did you London boys do to the Market!!!
Reply
He's gathered all of the smart money in a single room. and are secretly controlling the markets.
+1 Reply
J_Graystone PRO Akil_Stokes
You're on to us!
Reply
PateSkpate Akil_Stokes
haha! Akil, us US boys need to pull a trick like that sometime and catch all the London boys off guard! ;) We can't let them get away with one upping us!
+1 Reply
I'll make a few calls and see what I can do
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J_Graystone PRO Akil_Stokes
We managed to pull 226 pips off of the counter trend trade yesterday too. expecting a Big Drawdown
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J_Graystone PRO J_Graystone
Unfortunately i couldn't take it though because the stop loss was too big

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Bro, US big boys has been using JPY to buy stocks, bonds, treasuries bills. This scheme is called carry trade! Now, when everything is collapsing, they got a MARGIN CALL, and now they are unwinding carry trades that worth trillions! The selling you see in the market is not going to stop until they unwind their bets. This is not a currency trade, this is a building collapsing with a speed that no one could stop!
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