relax there's still another time to take profit. 
,
@The Archer : do you still sure that USD/JPY still going up?
,@The Archer : do you still sure that USD/JPY still going up?
- #15,323
- Apr 11, 2010 9:58pm Apr 11, 2010 9:58pm
relax there's still another time to take profit.
@The Archer : do you still sure that USD/JPY still going up?
Target "D." Have a look.
JD
It's Easy To Get In;.. It's Hard To Get Out 
- #15,327
- Edited 11:21am Apr 12, 2010 7:50am | Edited 11:21am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
relax there's still another time to take profit.
@The Archer : do you still sure that USD/JPY still going up?
going by the current news ... US is turning the corner ... banks that borrowed from govt have turned for better ... yen is supposed to be proxy for yuan ...japan is near bankrupt ... euro is weak ... divergence in the weekly charts .... so long term seems up ... my long term guess could be wrong ....
my sight is always very short(scalp) ... live day by day ... shoot as and when opportunities appears ... therefore my long term view could be wrong ....
currently i am looking at this .... read the others' opinions too ...
- #15,330
- Apr 12, 2010 11:29am Apr 12, 2010 11:29am
gee ... ok .. here goes my ramblings ...
going by the current news ... US is turning the corner ... banks that borrowed from govt have turned for better ... yen is supposed to be proxy for yuan ...japan is near bankrupt ... euro is weak ... divergence in the weekly charts .... so long term seems up ... my long term guess could be wrong ....
my sight is always very short(scalp) ... live day by day ... shoot as and when opportunities appears ... therefore my long term view could be wrong ....
currently i am looking at this .... read the...
What are you looking at?
For retracement extensions you must draw from the start of the move untill the last top.....You did it just the other way round....?????
Never Ever Give Up!
- #15,331
- Apr 12, 2010 11:48am Apr 12, 2010 11:48am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
Why have you drawn your fibs upside down? What do you make out of this?
What are you looking at?
For retracement extensions you must draw from the start of the move untill the last top.....You did it just the other way round....?????
this is how i looked at it on the weekly chart ...
- #15,335
- Apr 13, 2010 2:16am Apr 13, 2010 2:16am
- Joined Jan 2010 | Status: My Coffee is Cold :( | 3,632 Posts
- #15,338
- Apr 13, 2010 3:51am Apr 13, 2010 3:51am
- Joined Jan 2010 | Status: My Coffee is Cold :( | 3,632 Posts
- #15,340
- Edited 8:33am Apr 13, 2010 8:23am | Edited 8:33am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
JPY made three pushes to a high on the daily and is currently busy retracing. As you can see price already pushed through the 23% of the whole move and might continue south....
here is my daily chart.
hope this clears my thought process .... notice on the chart , either way it reads the same ... so i was not looking at fibo retracement per se but the anticipating the tentative 1/3, 1/2, 2/3 retracement
(anyway , will keep in mind this episode next time)
