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Pivots and Trends with the JPY

  • #141
  • Nov 24, 2009 9:48am Nov 24, 2009 9:48am
Quoting tullid
Hey Islander, can you send me a lifetime prescription for those pills?
I'd be happy to, but Karmo only deals direct......
Trading Levels with WRBs
  • #142
  • Nov 24, 2009 2:06pm Nov 24, 2009 2:06pm
Quoting chonchy
I got in my charts 6495as the low's, 5 pips below S1, you meet your target islander I don't understand
Sorry, that damn work thing keeps interrupting. I was short now I'm long. Not that it matures now.
Yesterday
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Today
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  • #143
  • Nov 24, 2009 2:24pm Nov 24, 2009 2:24pm
Quoting chonchy
knuckles do you think the pound is going up?, are you long the pound?
Sorry quoted the wrong one I meant to quote this one
  • #144
  • Nov 24, 2009 7:55pm Nov 24, 2009 7:55pm
Looks to me like something big is cooking in USD-JPY, on the weekly chart below.
It's approaching a recent low of 88 in the same manner as it had busted through the 92 level earlier.

More interesting, it's only 120 pips short of a very significant support level of 87.00, that dates back to Dec'08-Jan'09.
That level looks so strong that I expect either a bullish turnaround of the weekly trend, or a catastrophic appreciation of JPY as the pair plunges through 87.
In any case, this is something to watch and promptly join the action as soon as it becomes clear.
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"Luxury is one of the basic needs", (c), Don Corleone
  • #145
  • Edited 8:34pm Nov 24, 2009 7:59pm | Edited 8:34pm
Awesome aobservation firstboss thanks a lot

We have a very tight pivot spread this evening which means we will more than likely see either the R3 or the S3; or even both before tomorrow is over.....so trade accordingly, and carefull, is going to be slow fishing night with calm see's and green flowers
The Chonchy
  • #146
  • Nov 24, 2009 8:02pm Nov 24, 2009 8:02pm
Quoting chonchy
We have a very tight pivot spread this evening which means we will more than likely see either the R3 or the S3; or even both before tomorrow is over.....so trade acordingly, and carefull, is going to be slow fishing noght with calm see's and green flowers
Looks to me it's heading to touch R1 in the immediate future, and so does GBP.
"Luxury is one of the basic needs", (c), Don Corleone
  • #147
  • Nov 24, 2009 8:28pm Nov 24, 2009 8:28pm
http://www.correlationcode.com/blog/?p=48
The Chonchy
  • #148
  • Edited 9:08pm Nov 24, 2009 8:31pm | Edited 9:08pm
Quoting Firstboss
Looks to me it's heading to touch R1 in the immediate future, and so does GBP.
you are so right on bouth firstboss, R1 is so close to a very important sych level 5007, *5000 sych level, and the pound R1 6336 is a good target on both,


"HAPPY , HAPPY THANKS GIVING TO ALL OF YOU IN THE STATES"
The Chonchy
  • #149
  • Nov 24, 2009 8:47pm Nov 24, 2009 8:47pm
try to lock in profits soon, bulls, longs look like a bull trap to me, I mean this %K's can be all night long stuck up there in the ceiling like smoke, like bemac call it but they must come down some time, when the smoke clears, so trade accordingly, and there is resistance points all over the place for the longs, I'm not saying it may not go to R1 or even highter but.......I mean is streaching the bollinger band's, just be carefull please, use tite stops, bether to loose a few pips that to get too dip in the hole, I'm stll short the e/u going short the u/chf, knuckles will like that, I will add shorts on the e/u if it drops, and add to the chf if not, not recomended for newbys or anybody to hedgh please "NOTE thah"

1 HOUR chart

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The Chonchy
  • #150
  • Nov 24, 2009 9:03pm Nov 24, 2009 9:03pm
I mean i don't know you firstboss or anybody think but this EMA (white line) i s going to be very hard to take on this low volume hour, or maybe not, on the contrary even esier on this low volatility hour, but later.......

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The Chonchy
  • #151
  • Nov 24, 2009 9:05pm Nov 24, 2009 9:05pm
and that is what is going to bring the yurrow down, me think, I maybe wrong, your coments please, happy early thanksgiving again for the ones that arrived now
The Chonchy
  • #152
  • Nov 24, 2009 9:14pm Nov 24, 2009 9:14pm
Chonchy, yes, the momentumis painfully weak now... Personally, I was hoping to scalp few pips on a short from R1, but going to sleep.

The big picture remains the same for me - until we are below 1.5050, and daily BB is flat at the same level we are in consolidation.
"Luxury is one of the basic needs", (c), Don Corleone
  • #153
  • Nov 24, 2009 9:29pm Nov 24, 2009 9:29pm
Quoting Firstboss
Chonchy, yes, the momentumis painfully weak now... Personally, I was hoping to scalp few pips on a short from R1, but going to sleep.

The big picture remains the same for me - until we are below 1.5050, and daily BB is flat at the same level we are in consolidation.
agree 100% firstboss, have a agood night sleep Sr.
the short from up there is a good deal, is turning now, but agree is in consolidation, maybe until london
The Chonchy
  • #154
  • Nov 25, 2009 12:32am Nov 25, 2009 12:32am
more news at 4:00 carefull BB on daily hit %k on one hour oberbought, 50 60 could be a top, or must be a text at least, a kiss it should give it, me think
The Chonchy
  • #155
  • Nov 25, 2009 1:09am Nov 25, 2009 1:09am
italian retail sales no change, crucial point here lets se what the big boys decide to do here, keep going or turn........rrrrrrrrrrrrrrrrrrr drum playing, je, je
The Chonchy
  • #156
  • Nov 25, 2009 1:11am Nov 25, 2009 1:11am
4:30 GDP could make thing fly one way or the other, I'm kind of bullish tonight
The Chonchy
  • #157
  • Nov 25, 2009 1:13am Nov 25, 2009 1:13am
the franc goes to parity if this thing hit the 5100 me think and there will be fireworks in the suiseeand I'm long that suisee je, je
The Chonchy
  • #158
  • Nov 25, 2009 2:11am Nov 25, 2009 2:11am
weekly and daily PSAR's are takeng, by, by dollar, with unemployments nurbers a bit up today and we will see 5100 me think
The Chonchy
  • #159
  • Nov 25, 2009 2:22am Nov 25, 2009 2:22am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
I am aware that there is no specific rules/method etc with how you are looking at the market...

...but I have to admit to feeling very out in the dark here. Kind of like I've started reading a book half-way through. I hear the talk of %k, PSAR, etc... but not even the slightest clue as to how you are interpreting them.

Can someone give at least some sort of starting point?


Cheers,

Magnus
  • #160
  • Nov 25, 2009 2:55am Nov 25, 2009 2:55am
Quoting Yuppie
I am aware that there is no specific rules/method etc with how you are looking at the market...

...but I have to admit to feeling very out in the dark here. Kind of like I've started reading a book half-way through. I hear the talk of %k, PSAR, etc... but not even the slightest clue as to how you are interpreting them.

Can someone give at least some sort of starting point?


Cheers,

Magnus
Yuppie like i had said earlier this tread is to show some inside of diferent pairs, diferent trades and diferent views, is not a specific method or strategy is just trade talk just post away mi friend your views of what you see of the market my strategy is base of moving averages exponentiales, BBs and Stockastics, but is just a strategy as thousands here in the FF, the idea is to show the newbis how to se the trades, from diferents perspectives and diferenet angles, no especif method or strategy, so post away my friend, post away, thanks
The Chonchy
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