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Very cool--so, the Yen has been in the news a lot since the JGB fiasco a few weeks back, and since the Nikkei was up something like 80% over such a short time period--yes? Can you be a little more specific regarding the relationship of the Yen currency to US bonds? You have been talking a lot about what drives price. In this case, can you link fundamentally the Yen to US treasuries? As in, why would a weak yen cause you to add short on your bonds trade? Please forgive my numerous questions and what must seem like total ignorance of the subject, but I am trying to connect the dots in my mind.
This trade might end up BE as I am moving my stop to BE once I make this post.
Anyway, this has been a work in patience today.....but so far its worked out according to plan....but we are right at the support levels for the break up so if its gonna work, it needs to get through these levels....I think it will but how long and will it pull back prior to breaking down? Who knows but I am now BE on this trade with lots of down side potential......
I thought it would be good to post mid trade for review later and see how it plays out with the benefit of a static pic of what I was thinking and how I managed the trade......
I'm goofing off with @Fat Tails thrust bar indie for fun today.....I like the colors....
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris