Aux's Asylum

A rainy vacation Saturday, with to much time on my hands, lol.



With all the drama being felt in the normal threads, this will be my place of repose from now on. Just a place to park daily trade thoughts, rehash old study material, try failed attempts at humor or what ever my dimly lit brain conjures up.

With that in mind, time for a nap

later

Worth keeping an eye on.....

http://www.debka.com/article/8868/

Will be interesting to see how oil responds next week..... commodities/metals in general have been down the last few days as interest has been diverted into the Euro.

fwiw,

Accumulation and Distribution patterns, different nomenclature of a similar approach to buy the weakness and sell the strength of the herds opposing breakout orders, and to capitalize on the squeeze..............Wyckoff, John Hill and Ross

Asian opens with a Euro, Cable sell. Caught a quick few on the continuation hook, exit on possible channel bottom, watching the break and any pull back here to get a feel for signs of continuation and not some type of spring off the bottom @ 2500, news points to Euro pull back..... we shall see.. after the tight range coming out of the extended holiday, stop sweeps/traps not out of the question

Crude looks like it's breaking up this morning, Euro Cable back long after the Asian sweep of the lows, see how the day unfolds, averaged out on partial of Yen swing, mentioned here.......

http://www.forexfactory.com/showpost...41&postcount=2

Looking for a chance to add and reposition on any pullback.

Hi auxesis, hope you are trading well. Yen had a nice move down this morning and I hope you were in it. Take care.

GE, thanks for stopping by.

$Y I'm biased to the long side atm took the opportunity to add longs, just dropped partial at top of range, remainders paid for at present, looking for a pull back to load some more, remainders targeted at 2x range.

Looking lows 90's next few days, if it oblige.

rgds,

Looking for $Y somewhere down here to add if seen.

edit for the daily; current direction imo is up but prior floor/now turned resistance will have to break, once/if broken should open the door for the retrace leg continuation.

Break south from here and it could be a deeper test of the reversal/pinbar candle range boundary.

Checking orders left this morning, Yen additions hit. partial taken, remainder in profit with stops just below 88.00. Let's see if this two wave retrace was the dip or if another wave south happens, before expected run into the 90's.

Love life's little surprises........

Looking somewhere here for this run targeting 90.00ish

Hi auxesis

Have a good business

Regards

Hey Gro,

Good you dropped by, good business? Lol, me tries......... spoke with a good friend the other night, he's been selling yen on the crosses and making a killing, me been fishing off the lows for what seems like an eternity, makes me think sometimes, maybe they finally getting tired and let an old man get a nice run.

Last week got snookered when it broke back below 88.00 had to cut some red there but have had some nice entries scaling into the 86's the past few days, dropped some off around 87 this morning, hold some for 88 this round and looking for another pull back to reload......

As Long as she stays above 85, high 84's think I'm safe, watching how she pulls back ( if any) off the descending wedge that building, would like to see a nice 50% wedge retracement next week.

All that being said watch out going into the end of next week and the week after.

Great weekend.

regds,

Start the buying again, lets see if we can get some north action here, or if she's headed to the 85.50 area

Take partials here to pay for stops on remainder from last nights additions, looking for any pull backs to add

Hi Auxesis!

Just wanted to say hello, and hoping all is going well for you.

Kind regards,

Textor

Textor,

Everything is fine, thanks. Hope all is the same for you, thanks for dropping by.

Something in the news regarding the Yen.

http://www.bloomberg.com/news/2010-0...on-prices.html

Best guess is we will end up somewhere 88.20/50 for this run, measured move/channel top/median slider/.786 conjunction. partials targeted if seen

Holding small base for higher targets, and looking to add if any decent pullback presents itself.

good chartit is alike ABCD pattern isnt it ?

Yes it is