Doing what you like is Freedom. Liking what you do is Happiness.
- #18,481
- Sep 10, 2010 8:23am Sep 10, 2010 8:23am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
- #18,483
- Sep 10, 2010 8:26am Sep 10, 2010 8:26am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
I am thinking after striking 84.50 area, it could head back to 84.0X before heading back up. But hey don't let me get you nervous
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,484
- Sep 10, 2010 8:28am Sep 10, 2010 8:28am
oops I thought your target was 100 pips 
As far as the link is concerned, I don't buy unofficial news. Well mostly
As far as the link is concerned, I don't buy unofficial news. Well mostly
100 would be for long term. If I get the chance I'll add another long before the session ends because: http://www.forexlive.com/131304/all/...-lid-on-usdjpy
- #18,485
- Sep 10, 2010 8:29am Sep 10, 2010 8:29am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Nice target, mine is 119.
Gonna scale in on the way.
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,486
- Sep 10, 2010 8:32am Sep 10, 2010 8:32am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
oops I thought your target was 100 pips
As far as the link is concerned, I don't buy unofficial news. Well mostly
If any type of intervetion is going to come, politically it would make sense to do it before the election......it won't matter if it doesn't last long term, as long as this guy get re-elected. Polititions will sell their soul to get re-elected!!
That said, I'll hold this postion just in case!
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,487
- Sep 10, 2010 8:46am Sep 10, 2010 8:46am
Good luck to you
I hope I get a chance to hop on the ride with you'
EDIT:
I might be joining you at 83.95 if the price gets there.
I hope I get a chance to hop on the ride with you
'EDIT:
I might be joining you at 83.95 if the price gets there.
No, not 100 pips!!
If any type of intervetion is going to come, politically it would make sense to do it before the election......it won't matter if it doesn't last long term, as long as this guy get re-elected. Polititions will sell their soul to get re-elected!!
That said, I'll hold this postion just in case!
- #18,488
- Sep 10, 2010 8:50am Sep 10, 2010 8:50am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Good luck to you
I hope I get a chance to hop on the ride with you
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,489
- Edited 11:17pm Sep 11, 2010 10:54pm | Edited 11:17pm
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
- #18,491
- Edited 4:38am Sep 12, 2010 2:37am | Edited 4:38am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts
Let's see how this works out. I am on the sidelines.
maybe a falling wedge in the forming .... but don't see indication of any positive divergence ,,
but don't think ur bear flag qualifies as bear flag ... check-out the definition ...
... overall, on higher timeframe , no signs of reversal yet ...
- #18,493
- Sep 12, 2010 4:29pm Sep 12, 2010 4:29pm
Remember all that talk about intervention over the weekend that we heard about on Friday? Well, it seems that for yen bears Santa came early this year because UJ opened for trading a full 7 pips higher compared to the close on Friday! What a great success on the part of BOJ and MOF. 
If you don't risk, you don't ever have to lose.
- #18,495
- Sep 12, 2010 4:43pm Sep 12, 2010 4:43pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Remember all that talk about intervention over the weekend that we heard about on Friday? Well, it seems that for yen bears Santa came early this year because UJ opened for trading a full 7 pips higher compared to the close on Friday! What a great success on the part of BOJ and MOF.
Doing what you like is Freedom. Liking what you do is Happiness.
- #18,496
- Edited 4:58pm Sep 12, 2010 4:47pm | Edited 4:58pm
- Joined Nov 2009 | Status: Trader | 27,245 Posts
- #18,499
- Edited 8:10pm Sep 12, 2010 7:55pm | Edited 8:10pm
Hi everyone,
Here is my analysis. I am no professional (actually I am a noob) hence criticism is very welcome.
Contrary to what has been the general view as of late (UJ up), I believe UJ is ready to tank yet again. Perhaps below 83.
My opinion is based on two charts.
On the first chart, as you can see, price made multiple attempts to touch the upper line of the smaller channel (or the middle line of the bigger channel). Besides that, an attempted break out from the channel has also been circled.
Secondly, I am seeing a rising wedge on the hourly chart.
This view will be rendered invalid should we have;
1-a full candle close above the rising wedge
2-A touch of the upper band of the channel. This will be around 84.63 at the time of writing.
Well this is how I see things. Again, I could be wrong.
have a good week
EDIT:
I have a pending sell order at 84.49. If this isn't hit while I am away, I will reassess when I get back.
The charts aren't in the right order.
Here is my analysis. I am no professional (actually I am a noob) hence criticism is very welcome.
Contrary to what has been the general view as of late (UJ up), I believe UJ is ready to tank yet again. Perhaps below 83.
My opinion is based on two charts.
On the first chart, as you can see, price made multiple attempts to touch the upper line of the smaller channel (or the middle line of the bigger channel). Besides that, an attempted break out from the channel has also been circled.
Secondly, I am seeing a rising wedge on the hourly chart.
This view will be rendered invalid should we have;
1-a full candle close above the rising wedge
2-A touch of the upper band of the channel. This will be around 84.63 at the time of writing.
Well this is how I see things. Again, I could be wrong.
have a good week
EDIT:
I have a pending sell order at 84.49. If this isn't hit while I am away, I will reassess when I get back.
The charts aren't in the right order.
- #18,500
- Edited 10:55am Sep 13, 2010 12:18am | Edited 10:55am
- | Joined Jun 2008 | Status: Trader | 2,013 Posts