Comments on: Norwegian Krone. http://fxmadness.com/2009/08/24/general/norwegian-krone/ This blog goes where few traders dare - the exciting world of Forex outside the dollar! Tue, 31 Jan 2012 13:20:56 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: uberVU - social comments http://fxmadness.com/2009/08/24/general/norwegian-krone/comment-page-1/#comment-4859 uberVU - social comments Sun, 10 Jan 2010 12:06:40 +0000 http://fxmadness.com/2009/08/24/general/norwegian-krone/#comment-4859 <strong>Social comments and analytics for this post...</strong> This post was mentioned on Twitter by FireandSword: Real Forex trading. Mixing NOK(Norwegian Krone) and CAD(Canadian Dollar) http://bit.ly/13cN2Y... Social comments and analytics for this post…

This post was mentioned on Twitter by FireandSword: Real Forex trading. Mixing NOK(Norwegian Krone) and CAD(Canadian Dollar) http://bit.ly/13cN2Y...

]]> By: Canadian Dollar gets active. | fxmadness.com http://fxmadness.com/2009/08/24/general/norwegian-krone/comment-page-1/#comment-3065 Canadian Dollar gets active. | fxmadness.com Fri, 25 Sep 2009 13:46:59 +0000 http://fxmadness.com/2009/08/24/general/norwegian-krone/#comment-3065 [...] few different time-frames. Longer term trade covered in this blog was between Canadian Dollar and Norwegian Krone, discussed about a month ago. Plan was to short it at 5.4900, targeting 5.3000, or about 2000 [...] [...] few different time-frames. Longer term trade covered in this blog was between Canadian Dollar and Norwegian Krone, discussed about a month ago. Plan was to short it at 5.4900, targeting 5.3000, or about 2000 [...]

]]> By: Deficit grows again. | fxmadness.com http://fxmadness.com/2009/08/24/general/norwegian-krone/comment-page-1/#comment-2746 Deficit grows again. | fxmadness.com Tue, 25 Aug 2009 18:01:33 +0000 http://fxmadness.com/2009/08/24/general/norwegian-krone/#comment-2746 [...] being liberal here, but if the price starts going my way, S/L should get tighter. Much like the Norwegian krone trade, this must be given sufficient time also. Few weeks at least. Set ups from daily charts [...] [...] being liberal here, but if the price starts going my way, S/L should get tighter. Much like the Norwegian krone trade, this must be given sufficient time also. Few weeks at least. Set ups from daily charts [...]

]]> By: admin http://fxmadness.com/2009/08/24/general/norwegian-krone/comment-page-1/#comment-2740 admin Tue, 25 Aug 2009 05:48:31 +0000 http://fxmadness.com/2009/08/24/general/norwegian-krone/#comment-2740 This is just the tip of the iceberg with Japan, there is more. At any rate, there is a serious drawdown to trading big time fundamentals- they can take months or even years to fully come into play. Not everybody has resources and patience to take advantage of it. Soros does, people like me don't. That;s why the charts. I agree with you that currencies like CAD or AUD should be considered reserve or safe havens. However, BoC already hinted at an intervention. No target was announced yet, but parity is logical, maybe 1.0500. It is funny, though, they didn't intervene when rate was 0.90 couple of years back. I don't even recall any threats about intervention. This is just the tip of the iceberg with Japan, there is more. At any rate, there is a serious drawdown to trading big time fundamentals- they can take months or even years to fully come into play. Not everybody has resources and patience to take advantage of it. Soros does, people like me don’t. That;s why the charts.
I agree with you that currencies like CAD or AUD should be considered reserve or safe havens. However, BoC already hinted at an intervention. No target was announced yet, but parity is logical, maybe 1.0500. It is funny, though, they didn’t intervene when rate was 0.90 couple of years back. I don’t even recall any threats about intervention.

]]> By: Vlad http://fxmadness.com/2009/08/24/general/norwegian-krone/comment-page-1/#comment-2739 Vlad Tue, 25 Aug 2009 05:20:54 +0000 http://fxmadness.com/2009/08/24/general/norwegian-krone/#comment-2739 Maybe the CAD really is the safe currency, if the situation gets too serious to use it as a trading tool. Maybe the CAD really is the safe currency, if the situation gets too serious to use it as a trading tool.

]]> By: Vlad http://fxmadness.com/2009/08/24/general/norwegian-krone/comment-page-1/#comment-2738 Vlad Tue, 25 Aug 2009 05:18:13 +0000 http://fxmadness.com/2009/08/24/general/norwegian-krone/#comment-2738 Ok, that makes sense with the yen. Going to think on it a while. Small positions and wider stops, yea - should of had that as my screensaver. Ok, that makes sense with the yen. Going to think on it a while. Small positions and wider stops, yea – should of had that as my screensaver.

]]> By: admin http://fxmadness.com/2009/08/24/general/norwegian-krone/comment-page-1/#comment-2737 admin Tue, 25 Aug 2009 04:23:30 +0000 http://fxmadness.com/2009/08/24/general/norwegian-krone/#comment-2737 If your calls are right on direction but, the timing isn't, maybe all you need is to lower size and extend stops? You'd stay in a trade longer and maybe get higher winning percentage. Market conditions will change eventually and you can get more serious again. If your calls are right on direction but, the timing isn’t, maybe all you need is to lower size and extend stops? You’d stay in a trade longer and maybe get higher winning percentage. Market conditions will change eventually and you can get more serious again.

]]> By: admin http://fxmadness.com/2009/08/24/general/norwegian-krone/comment-page-1/#comment-2736 admin Tue, 25 Aug 2009 04:09:08 +0000 http://fxmadness.com/2009/08/24/general/norwegian-krone/#comment-2736 Long term I'm looking at the ridiculous debt, yes. The question of repatriation/expatriation of yen is becoming much more complex than it was until recently. Their companies are building factories abroad and avoid protectionist backlash. Let's just say that profits remain healthy, which they aren't, but good case scenario they make money. Good chunk of these profits will go back to Japan, turned into yen, keeping it strong, right? well, all this is happening at the expense of jobs at home. For the first time in modern history(past war) they are loosing net jobs, without positive outlook. I doubt external profits can overcome internal expenses over time. For now it appears that Yen is used as proxy, or substitute for Yuan, and some strength comes in place of Chinese currency. I simply don't think this can go on indefenately, No matter what, short term can be played either way, moves are big enough. Long term I’m looking at the ridiculous debt, yes. The question of repatriation/expatriation of yen is becoming much more complex than it was until recently. Their companies are building factories abroad and avoid protectionist backlash. Let’s just say that profits remain healthy, which they aren’t, but good case scenario they make money. Good chunk of these profits will go back to Japan, turned into yen, keeping it strong, right? well, all this is happening at the expense of jobs at home. For the first time in modern history(past war) they are loosing net jobs, without positive outlook. I doubt external profits can overcome internal expenses over time.
For now it appears that Yen is used as proxy, or substitute for Yuan, and some strength comes in place of Chinese currency. I simply don’t think this can go on indefenately,
No matter what, short term can be played either way, moves are big enough.

]]> By: Vlad http://fxmadness.com/2009/08/24/general/norwegian-krone/comment-page-1/#comment-2735 Vlad Tue, 25 Aug 2009 03:35:41 +0000 http://fxmadness.com/2009/08/24/general/norwegian-krone/#comment-2735 My calls have been right, but my timing is off and I used to put too much into reversion to mean too quickly. Did that couple of weeks ago again when the usd/jpy went vertical on the 15,000 drop in unemployment claims. My calls have been right, but my timing is off and I used to put too much into reversion to mean too quickly. Did that couple of weeks ago again when the usd/jpy went vertical on the 15,000 drop in unemployment claims.

]]> By: Vlad http://fxmadness.com/2009/08/24/general/norwegian-krone/comment-page-1/#comment-2734 Vlad Tue, 25 Aug 2009 03:31:30 +0000 http://fxmadness.com/2009/08/24/general/norwegian-krone/#comment-2734 Catalyst could be when LDP gets run out of town one week from now? About a month ago, the opposition was rumbling about selling us debt denominated in yen. Read that happened under Carter. That would sent the yen on a moonshot, so probably won't happen. Still it has been said. More likely, China just stops with the huge lending program and the risk on goes to risk off quickly. You never said why you were so bearish on the yen long term. Their enormous internal debts? But that does not affect external flows? Catalyst could be when LDP gets run out of town one week from now? About a month ago, the opposition was rumbling about selling us debt denominated in yen. Read that happened under Carter. That would sent the yen on a moonshot, so probably won’t happen. Still it has been said. More likely, China just stops with the huge lending program and the risk on goes to risk off quickly. You never said why you were so bearish on the yen long term. Their enormous internal debts? But that does not affect external flows?

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