USD/JPY "Intervention" Trade Setup
The yen is usually pretty stable, but it’s been sliding more.
Last time it got to this level, the Bank of Japan had to step in and burn 30bn in USD to buy the yen back up. The news said roughly that they don’t look at the price, but the velocity, so I have alerts on rapid moves on the yen to be able to show up and get on the BoJ’s side of the trade.
Last time I knew that they were thinking about moving into the markets, and I was watching it, but I missed the action by a couple days. A trade like that would make your career. It’s sure-fire, immediate. There isn’t any doubting what’s going on. That’s a “wake me up in the middle of the night” alert. Next time, got it set now.
Wait for the price to break/shift with high velocity USD up/yen down. You could alert on NATR high, which is what I did. It’s smoothed so it has a delay, but it should be fast enough w/ EMA to get a signal early. I want this to wake me up. This is one of those setups that if it plays you can put every last drop of margin into the position.
Last time it got to this level, the Bank of Japan had to step in and burn 30bn in USD to buy the yen back up. The news said roughly that they don’t look at the price, but the velocity, so I have alerts on rapid moves on the yen to be able to show up and get on the BoJ’s side of the trade.
Last time I knew that they were thinking about moving into the markets, and I was watching it, but I missed the action by a couple days. A trade like that would make your career. It’s sure-fire, immediate. There isn’t any doubting what’s going on. That’s a “wake me up in the middle of the night” alert. Next time, got it set now.
Wait for the price to break/shift with high velocity USD up/yen down. You could alert on NATR high, which is what I did. It’s smoothed so it has a delay, but it should be fast enough w/ EMA to get a signal early. I want this to wake me up. This is one of those setups that if it plays you can put every last drop of margin into the position.
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