Dislikednice man...i think ill be out until the second week of january. plan to get in asap, to ride the major moves we could be seeing in the weakening yen in the near future.Ignored
It works till it doesn't
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Dislikednice man...i think ill be out until the second week of january. plan to get in asap, to ride the major moves we could be seeing in the weakening yen in the near future.Ignored
DislikedSame here im down to roughly 25% of my orginal positions on all yen crosses & adjusting stops accordingly based on the daily closes. I was going to start piling in again lastnight on the weakness it was clearly profit taking & a stop hunt in a low volume market, just punishing weak longs & shaking them out before the run continues, but my plan so to take 2 weeks off for the holidays & I had a great year so there was no reason to chance it. If Abe gets his way he will ease till Japan is way beyond safe levels of debt & the yen is practically worthless....Ignored
DislikedAt the moment, I am looking forward for a potential of "bull trap" pattern refering to the alt count in yellow. Another an exausted of bullish rally and follow by a pullback/breakout toward the lower yellow trendline would bolster to this scenario. Happy Christmas Holidays and good luck.Ignored
Dislikedhello all,
hope everyone had a good holiday and new year. Ill be getting into the yen as soon as next week begins and looking forward to it! any ideas on where gj is going since it just broke it's weekly resistance. From what I can tell, i don't see on my chart the next resistance point, any ideas?Ignored
DislikedHi guys..
This pair is trending up without any retrace.Hope every one participating in the market.
Here is my daily chart.
Regards
PrakashIgnored
DislikedTo the moon. No seriously though if you look at the monthly there's resistance roughly every 500 pips starting from 140.00 going all the way to 165.00, 145.00 might slow it down a bit but the bigger one comes at 150.00. I Woundnt consider a short until 150.00 shows failure & even then I have zero interest being the first one the party I'd rather wait for it confirm the momentum has changed. For now its all about buying on weakness & booking profits into bursts of strength.Ignored
Dislikedya after reading your comment i looked, and i saw 144.4 and then possibly 150, according to the monthly i saw 165, is that where you saw it, or did i miss it on the weekly..... if it opens flat come sunday, ill be opening a position. if it gaps up, i may wait to see if it drop first before i get in. we will see...Ignored
DislikedYes it missed 165.00 on the weekly. I bought a little yesterday's London session in front of NFP just a small amount around 140.70 area to start so I'm watching Sunday open & will buy small pieces on weakness & hopefully again at some point monday during us session anywhere near 141.00 to 140.25 that range seems like a good spot to buy. Looking to keep average price below 141.00 Risk is clearly defined with stop around 139.60 incase the try to run stops in 140.00 & a little below area then first target 145.00 then 150.00 by early February.
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