I think we can see now a 105 touch (61% retracement of uptrend, and 161% of the first downmove from the top of today)
(with uptrend i mean the move from yesterday to today..)
(with uptrend i mean the move from yesterday to today..)
- #6,322
- May 7, 2008 12:48pm May 7, 2008 12:48pm
Hi all, first time posting in USD/JPY. Anyway, as you guys can see, USD/JPY have broken out of a upward channel as seen in the attached image, hence leading me to a call for a short in this case. Besides this, I have also noticed MAC/D crossing below the signal line hence causing it to be bearing. Uptrend seems exhausted and this could be a retracement? (No one's sure)
I'm short from 105.17, taking profit at 104.80. Any guys here short as well?
I'm short from 105.17, taking profit at 104.80. Any guys here short as well?
Start Young. Think Big. Stick to It.
- #6,326
- May 7, 2008 8:56pm May 7, 2008 8:56pm
- | Joined Dec 2006 | Status: Poocher | 1,018 Posts
Is There Anybody out there?
I'm short from 104.72 what does anyone think?
http://www.forexfactory.com/showpost...&postcount=287
I just shorted from 104.84 and will cover at 104.60...but from the looks of OrionWays charts it could go waaaaaaaaaaaaaaay low
- #6,328
- May 7, 2008 9:06pm May 7, 2008 9:06pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs
- #6,329
- May 7, 2008 9:08pm May 7, 2008 9:08pm
- | Joined Dec 2006 | Status: Poocher | 1,018 Posts
Cancelled my stop at 104.60...those charts of OrionsWay look like the $yen could totally tank!
...so how low do you see it going Wheelsut?
...so how low do you see it going Wheelsut?
- #6,330
- May 7, 2008 9:13pm May 7, 2008 9:13pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs
- #6,332
- May 7, 2008 9:32pm May 7, 2008 9:32pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #6,333
- May 7, 2008 9:34pm May 7, 2008 9:34pm
- | Joined Dec 2006 | Status: Poocher | 1,018 Posts
Thanks DutchTrader
- #6,334
- May 7, 2008 9:42pm May 7, 2008 9:42pm
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs
- #6,335
- May 7, 2008 9:50pm May 7, 2008 9:50pm
- | Joined Dec 2006 | Status: Poocher | 1,018 Posts
Poocher. I'm really a short term trader, but this looks like it could drop a lot. I don't know how far but Ill move my stop to B.E if/when it gets to 104. and trail it.
My daily looks like it could go down for a loooooooooooong ways:
- #6,337
- May 7, 2008 11:35pm May 7, 2008 11:35pm
- | Joined Apr 2008 | Status: You never know | 1,306 Posts
congrats to all the shorts!
Expected the unexpected
- #6,338
- May 7, 2008 11:41pm May 7, 2008 11:41pm
- | Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
- #6,339
- May 7, 2008 11:45pm May 7, 2008 11:45pm
- | Joined Apr 2008 | Status: You never know | 1,306 Posts
Expected the unexpected
- #6,340
- May 8, 2008 12:15am May 8, 2008 12:15am
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
FF journal: Peaks and Troffs