I zoomed it in and noticed a bounce around 203, is that correct Tiki?
- #8,521
- Jan 2, 2008 7:20am Jan 2, 2008 7:20am
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #8,522
- Jan 2, 2008 7:36am Jan 2, 2008 7:36am
Waiting for a break here... price has retraced to resistance... if it breaks below the low... I plan a SHORT...
Lots of confluence here. Waiting for PA confirmation..but will be careful. Will be a good short once break, could be a major trend change(monthly chart). if not it a shoot up, at the H&S (may formed).
- #8,526
- Jan 2, 2008 8:46am Jan 2, 2008 8:46am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Most definitely a good setup, that CJ PB =)
Shame you jumped ship just before the real fun started
Wanted to post an update to the USDJPY chart I posted a while back..
The retrace back to 114.xx was a bit tricky, but nevertheless I feel with a bit of caution and management it woulda done alright..
I find it helps to decide on a direction and stick with that..eliminates a lot of whiplash that way =)
Keeping in mind this UJ example chart is simply ONLY the setups as if there were no such thing as s/r etc...just to illustrate what Jim once wrote - even the setups alone can be an eye opener.
P.S. Just seeing that I skipped a TBH/IB before that windup area. Probably because I don't trade those "top of the move" entries really, I find them far too dangerous / whiplashy most of the time. I want to be in BEFORE the real move starts, not after it's already gone a few hundred pips..
Shame you jumped ship just before the real fun started
Wanted to post an update to the USDJPY chart I posted a while back..
The retrace back to 114.xx was a bit tricky, but nevertheless I feel with a bit of caution and management it woulda done alright..
I find it helps to decide on a direction and stick with that..eliminates a lot of whiplash that way =)
Keeping in mind this UJ example chart is simply ONLY the setups as if there were no such thing as s/r etc...just to illustrate what Jim once wrote - even the setups alone can be an eye opener.
P.S. Just seeing that I skipped a TBH/IB before that windup area. Probably because I don't trade those "top of the move" entries really, I find them far too dangerous / whiplashy most of the time. I want to be in BEFORE the real move starts, not after it's already gone a few hundred pips..
Trust price. Know yourself.
- #8,527
- Jan 2, 2008 9:06am Jan 2, 2008 9:06am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
I believe the gentleman may now have lost his grip....
...asia will be fun...
- #8,528
- Jan 2, 2008 9:12am Jan 2, 2008 9:12am
- Joined Jul 2006 | Status: Trader | 4,090 Posts
I dream, therefore I become.
- #8,531
- Jan 2, 2008 10:22am Jan 2, 2008 10:22am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
I helped him....
...asia will be fun...
Trust price. Know yourself.
- #8,532
- Jan 2, 2008 10:23am Jan 2, 2008 10:23am
- Joined Jul 2006 | Status: Trader | 4,090 Posts
I dream, therefore I become.
- #8,533
- Jan 2, 2008 12:12pm Jan 2, 2008 12:12pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Let me guess, you're going to sell a lot of yen and CHF?
- #8,534
- Jan 2, 2008 12:19pm Jan 2, 2008 12:19pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
Unfortunately. there is not a set-up... or if there was, I missed it... looks like someone else got all the yen... and I still have mine...
Let me guess, you're going to sell a lot of yen and CHF?
- #8,535
- Jan 2, 2008 12:29pm Jan 2, 2008 12:29pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
a lot maybe, but you meant buy yen, not sell...?
A lot, a little, it's the thought that counts!
Trust price. Know yourself.
- #8,536
- Jan 2, 2008 12:34pm Jan 2, 2008 12:34pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Well, the last 6 months whenever I was bullish JPY you were selling the crap out of it secretly while I wasn't looking, so I just assumed you'd do that again this time
A lot, a little, it's the thought that counts!
not this time however, have you seen cliffhanger chart, Tiki posted?
It showed some support at 210 and then 202? I might reconsider at those levels....
..maybe write some 180-190 calls and start buying g/j at 202 when it gets there....
- #8,537
- Jan 2, 2008 12:50pm Jan 2, 2008 12:50pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
What about that Piece of Pyrite Quartz sticking out at 213...???
oh, I see...lol
not this time however, have you seen cliffhanger chart, Tiki posted?
It showed some support at 210 and then 202? I might reconsider at those levels....
..maybe write some 180-190 calls and start buying g/j at 202 when it gets there....
- #8,538
- Jan 2, 2008 1:28pm Jan 2, 2008 1:28pm
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
oh, I see...lol
not this time however, have you seen cliffhanger chart, Tiki posted?
It showed some support at 210 and then 202?
I also refer you to
http://forexfactory.com/showpost.php...88&postcount=4
and
http://forexfactory.com/showpost.php...09&postcount=5
(I like the "Still can't find much stuff to make this one go up on the chart" bit hehehe)
and finally
http://forexfactory.com/showpost.php...8&postcount=67
Not the cleanest of all clean s/r and charts, but there are some ideas in there I have for GJ to go to
Now just for it to do so! =)
Currently I am going to simply navigate by USDJPY as that's really what's driving basically everything once again.
..maybe write some 180-190 calls and start buying g/j at 202 when it gets there....
Inserted Video
(that's Mr. Trend in the video I think..)
Trust price. Know yourself.
- #8,539
- Jan 2, 2008 1:44pm Jan 2, 2008 1:44pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Yea saw it. =)
..
Not the cleanest of all clean s/r and charts, but there are some ideas in there I have for GJ to go to
- #8,540
- Jan 2, 2008 1:57pm Jan 2, 2008 1:57pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
This is cleaner, but kind of scary looking......
, so that is your secret to success drawing scary faces :