Aux's Asylum

The floor gave way and crash, saw mid 83's today, almost to target, had started putting in a few longs looking hard at that 83 figure. Currently 2 wave retrace pulling back north, but expect another stab at the lows tonight.... as the market wants to find the pain threshold for the BOJ.

Imho, the daily trendline off the lows should be a trigger if breached.

It seems everyone wants to compare possible BOJ intervention with that of the Swiss earlier this year...... apples and oranges in my book, wouldn't be surprised to see some type of orchestrated intervention between several CB's if it happens..... make no mistake, it's their market, when things get unruly they will step in. And the BOJ is master of it.

Looking for another drop to load up.......

fwiw

Been fading the drop on the $Y the last few days, took some profit on the confluence of stuff, biased long atm..... holding some from the mid 83's and will look to add on any pull back.

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

selling Yen against the drop, looking at 83 and lower if it gets there.

fwiw

BOJ Kaching!!!!

http://www.zerohedge.com/article/one...etize-them-all

LOL, it seems all I ever post about here is the yen.......

http://www.reuters.com/article/idUSTRE6965EP20101008

To intervene or not to intervene, that is the question. Barring another round of Yen sales here's the confluence of the last daily swings and their main median sets


fwiw

Looking north from the 81 double

Yen, bottom in long range target set for time being.

Gold / Silver

What effect will the deficit reduction plan have on Cable?

http://www.bbc.co.uk/blogs/thereport...hanieflanders/

yen

yen

ala' Jenkins

Update on the Jenkins/Cowan fold back pattern that Euro seems to be playing. Timing is spot on for all turns and looking long on pullbacks, (as long as the current bottom holds). Time frame pattern should conclude the first week in December, one year anniversary of the last major high.

Current geometric market analysis should mark the possible termination points.

fwiw,

Possible Crown setting up in Gold, possible right shoulder which would coincide with a Euro Bull run as seen in the Mirror charts,

Weekend doodles waiting for the next round of football games.

As noted earlier looking for terminus 1st week of December, marked possible point along that time for reversal, but when looking larger possible Diamond top, around 1.4450/4500.

Until she says different................

Been hanging out in the open threads, maybe time to come home and get my forum fix for the day here.

Simple, time/extension square, set and forget.

1.618 extension of time and price, long 3368, have taken 1/2 at +13 stops set @ 60, no loser.... target .382 retrace of the extension run 3440ish for the "a" leg

Alright, who did it?

Imagination runs wild from time to time but wasn't happy with the timing of the sweep. Will probably post after the fact from now on.

Took the sweep as a range spring, (Wycliffe, Hill), try it one more time, stops paid, price is off and running.

regards,

last update for this one, stops in profit, possible range top here, if she breaks, and it looks like she should, it will probably play the double range and hit the .382 target, smaller doubled range confluence with current channel looking to take small partial there, and leave the remainder for the .382.

Asian scalps, zzzzzzzzzzzz

fwiw