Aux's Asylum

Take this opportunity to add back some, however the load is light going into the end of this week, and starting next.

Be careful everyone, markets are in dangerous times for the next several days.

Taking the opportunity to add, will look to average out of the higher entries when given the chance and reposition if available.

nice cozy place you have here Aux,
falling back to the hourly i see. it appears that we're riding the same boat after all.

best wishes.

Hey Jest!

Thanks for dropping by, business has forced me out of the day trades and into the larger charts due to time constraints, swinging, lol. A bit boring I might add.

Take care.



Use this opportunity to re-post a chart I placed in the UDS/JPY thread. with fork addition

Taking the opportunity to unload some of last weeks higher entries, averaging out with some larger adds from around 86. T'was a wash time everything was figured but I didn't like my average, although it hasn't changed, some ammo is back for what ever price cares to do.

Will look to reenter later tonight or tomorrow on any pull back, imho we will overall range going into bid rates and NFP later this week........ waiting and watching to see how this week plays out.

regards

update on possible wolfe from the other day,

Selling some Yen here.

Taking this opportunity to unload some of the higher entries, averaged out in profit, larger deep adds sitting pretty atm, looking for an attempt to retest the low to add......

time will tell

I had picked up a few additional longs this morning, looking for price to make it's next wave up going into next week, guessing somewhere 87ish if it oblige, overall looking for 89's to finish the wolfe, see if I can stretch out a few pips on the runs and reload on the pullbacks.

Price breaking above the upper green median should give the "0-2" triggerline, not discounting a possible backside retest.

see how it plays out and how it needs adjusting.

NFP has sent this pair south into the 30's so far, looking to add.

Been fishing the bottom on this pair for weeks it seems, partial profits taken, looking to reload some on any decent pullback.

fwiw

Median target on APO fork

Hi Auxesis, nice to see your post on the yen. I was looking at it today as it started to break 86.06 for the second time. Got a few and hope you did, too.

GE,

Thanks for dropping in. yep! took a few on the run.

regds,

Taking this opportunity to start adding back, let's see how this week unfolds.

I'm starting to see some news banter on the Yen, interesting but always after the fact.

Clean up the chart some, and throw on a little more, 50% pull back.

Orders sitting lower.

edit, doodles on the 240.......bottom forming or more south, time will tell.

Missed on the last push south into the 510's / equidistant reaction, looking for some type of possible 3 dives to form maybe see 85ish? Bottom 84.73 needs to hold with the breech of 86.25 to maintain a range / possible reversal view.

fwiw.

Dropping off the long additions from the other day in some profit, leaving the anchor sub 85 and pulling it's stops just below 84.70......... will be away from the box for a few days, and unable to daily update and babysit.

Should be the start of a nice bull run, but you never really know

Found time to place a few additional longs this morning, and luckily was at the screen for the drop, squared out of higher entries in profit and added to the anchor, looking to peel off some more at the channel top, and hold the remainders with stops (paid) just below 84.70.

If the bottom breaks, look for a quick massive sell off which will be met by some BOJ action. If it happens and you have the cahones..... KACHING!

Not sure how much I'll be around tomorrow or next week.

Hey Bear

Nice charts, keep em' coming please.

Cheers.

Hey Daytek, thanks for dropping in, hope all is well.

a copy from the usd/jpy thread found here...........
http://www.forexfactory.com/showthre...37#post3967437

Daily shows a large descending wedge with the current bottom coming in some where around 83.00-.

The immediate time frames appear to be forming a range bounded on top by the mid 86's with the bottom doubling off last Novembers spike low of 84.80's.

The prior failed break south of 84.82 could be viewed as a spring if new highs above 86.50 are seen after last weeks failed low. If seen look for extra long opportunities on the following pullback long term targets the top of the daily wedge immediate targets at double the range distance.

Any sustained break on the southern edge of the range target the bottom of the daily wedge, but be prepared for action from the BOJ .

In the interim, pick a direction north or south and play the range sides.

fwiw...........