Its a seasonal trade as well. Gold typically sells off in December in order for people to take their profits. In January, they tend to get back into their long positions.

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Nice.......will be interesting to see how martin does with this

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At first I thought it was you!

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The real question is going to be whether or not the Bank of Japan statement is a non-event, or a "sell on the news" event. I still think the Yen is a short overall in the long run.

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I got out of all of my long XXX/JPY trades today - this sudden pullback in the riskier assets doesn't look good at all...... The Euro looks horrible.

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maybe for a short-term pullback, but I think 1.63 gives way eventually.....and the buyers take over.

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In all fairness though - those were shit sides like New Zealand, South Africa, Wales and France. lol Man - its scary to think how good he is going to be once he understands the rules.....

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I cannot tell you how many times I have seen this before.

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I think in order to be successful, you have to at least have a general feeling about the fundamentals.....not necessarily the exact diagnosis, but know the "bias." As for technical analysis - you know my thoughts on it.

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I don't know how often this thing updates, but the fact that there are more people short than long of the EUR/JPY pair speaks volumes.

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Thanks man.....

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The future of USA Rugby. He has only played for about three months...... video BTW, There is a kid playing for Utah (American College Football and Rugby club) who weighs about 30 lbs heavier, and is faster.

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Interesting, we gapped, pulled back, and then formed a hammer........at 110. EUR/JPY:

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Annnnnnddddd..........there goes the Yen. We could possibly be entering a decent trend now. Next couple of weeks will be critical. Chris

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Sorry......didn't sleep at all last night. I meant to say the value of gold against the YEN.

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I also think the value of gold could be interesting versus Gold as well. Since I switched to Oanda, I have the ability to trade it that way - perhaps it is something to think about?

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I think the Yen is about to be sold off en masse. Because of this, I would only look to buy this pair - not sell it, even though I can see where you are going with this......under normal circumstances, I would like to sell. The Bank of Japan is ...

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Thanks man.....I have also been a bit of a "carry trader" lately, going long ZAR/JPY.

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USD/CAD looks horrible, two shooting stars at the bottom of a fall shows the likelihood of continuation:

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