- #12,924
- Jun 15, 2009 6:47pm Jun 15, 2009 6:47pm
- | Joined Jan 2007 | Status: these pretzels 'r making me thirsty | 252 Posts
fxcm report ... BULL 
Title:USD/JPY intraday: supported by a rising trend line.
Summary:Update on supports and resistances.
Story:Pivot: 97.45
Our preference: Long positions above 97.45 with targets @ 98.25 & 98.55 in extension.
Alternative scenario: Below 97.45 look for further downside with 97.1 & 96.7 as targets.
Comment: the pair is challenging a rising trend line.
Title:USD/JPY intraday: supported by a rising trend line.
Summary:Update on supports and resistances.
Story:Pivot: 97.45
Our preference: Long positions above 97.45 with targets @ 98.25 & 98.55 in extension.
Alternative scenario: Below 97.45 look for further downside with 97.1 & 96.7 as targets.
Comment: the pair is challenging a rising trend line.
- #12,925
- Jun 16, 2009 7:56am Jun 16, 2009 7:56am
USD/JPY falls sharply to as low as 96.07 today and at this point, intraday bias remains on the downside as long as 97.06 minor support holds. The current fall from 98.87 is likely the fifth leg of triangle consolidation that started at 99.67. Having said that, some deeper decline could be seen to 99.44/95.32 support zone. But downside should be contained there and bring strong rally. On the upside, above 97.06 will turn intraday outlook neutral first.
In the bigger picture, recent developments indicate that price actions from 99.67 are merely consolidation...
.....Do you write all this yourself?? anyway what an awesome day 
The only way to get smarter is by playing a smarter opponent.
- #12,927
- Jun 17, 2009 6:49am Jun 17, 2009 6:49am
i dunno if i'm crazy but i see bearish 
at H4 candlestick time frame
i'm taking short at 96.38 stop loss 100 pips
and taking profit @ 93.42
still newbie
btw i'm trading only 0.1 lot so don't bither me just testing my skill with 100 usd
at H4 candlestick time framei'm taking short at 96.38 stop loss 100 pips
and taking profit @ 93.42
still newbie
btw i'm trading only 0.1 lot so don't bither me just testing my skill with 100 usd
Just Newbie Need Guidance From The Expert- #12,929
- Jun 17, 2009 11:19am Jun 17, 2009 11:19am
i dunno if i'm crazy but i see bearish
i'm taking short at 96.38 stop loss 100 pips
and taking profit @ 93.42
still newbie
btw i'm trading only 0.1 lot so don't bither me just testing my skill with 100 usd
maybe that's too optimistic!
