And you're going to post a chart to back this up???
- #21,702
- Nov 25, 2010 2:05am Nov 25, 2010 2:05am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
ya.. what do u want? a zoom up chart? ok, ill give it to you, soon... very soon.. ok? ....... look, i just share my opinion about the chart, if u agree or disagree its up to you ok?
A call on it's own is meaningless and not worth the paper it's written on I'm afraid.
Doing what you like is Freedom. Liking what you do is Happiness.
- #21,703
- Nov 25, 2010 4:07am Nov 25, 2010 4:07am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
All I'm saying is that anyone can come here and say "it's going up soon...just wait". It really means nothing on it's own though. It's just a call.....a coin flip.......meaningless unless you can demonstrate to us why it is that the PA will take off. Usually a chart that you have drawn is the way people demonstrate why it is that they think what they do. Then, as you suggest, it is up to the individual to agree or disagree.
A call on it's own is meaningless and not worth the paper it's written on I'm afraid.
- #21,704
- Nov 25, 2010 4:11am Nov 25, 2010 4:11am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
keep on going mate...dun bother much some noise n iggy button is the way to go....simple...
Doing what you like is Freedom. Liking what you do is Happiness.
83.7 is 61.8% Fib (H85.9:L80.2)
- #21,712
- Nov 25, 2010 4:42pm Nov 25, 2010 4:42pm
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
Evening Traders!
It was a slow day today with the US on holiday.
I have attached a chart of the JPY Index Futures where we can see we broke out of the ascending trend line and have been falling since 12/11. We have been stopped at the 11.95 level and have yet to get a clean break below.
This has also capped the advance on USD/JPY getting up to and above 84.00. A break below the 11.95 area should open up a view to around 11.65 (a bearish movement shows Yen weakness and hence a push higher on USD/JPY).
On the USD Index Futures we can see we are still capped at 80.00 and just slipping back slightly to around 79.70 currently. A break higher opens up a run to the 83.50 area.
If we see both indexes halted at their current positions and retrace, we will see USD/JPY drop south.
The Gold chart overlay still sees gold strength and climbing the ascending trend line. This is important also as USD/JPY and Gold are negatively correlated with a move up in gold should see a drop in USD/JPY.
If we are capped for too much longer, traders will see this as a profit taking opportunity and sellers a fresh reason to sell.
A bearish break on USD/JPY will open up 82.00 which should remain well bid, and with a break higher meeting resistance at around 84.60 coming in the form of the weekly R1 pivot. Stops will be placed above 84.00 and below 82.80.
Another note is it's the end of the week tomorrow, so a round of profit taking may take place because of our resistance at 84.00 and we may experience a bearish movement as a result.
Hope you guys in the US had a good thanks giving!
JPY Index Futures H4
USD Index Futures H4
USD/JPY/GOLD H4
It was a slow day today with the US on holiday.
I have attached a chart of the JPY Index Futures where we can see we broke out of the ascending trend line and have been falling since 12/11. We have been stopped at the 11.95 level and have yet to get a clean break below.
This has also capped the advance on USD/JPY getting up to and above 84.00. A break below the 11.95 area should open up a view to around 11.65 (a bearish movement shows Yen weakness and hence a push higher on USD/JPY).
On the USD Index Futures we can see we are still capped at 80.00 and just slipping back slightly to around 79.70 currently. A break higher opens up a run to the 83.50 area.
If we see both indexes halted at their current positions and retrace, we will see USD/JPY drop south.
The Gold chart overlay still sees gold strength and climbing the ascending trend line. This is important also as USD/JPY and Gold are negatively correlated with a move up in gold should see a drop in USD/JPY.
If we are capped for too much longer, traders will see this as a profit taking opportunity and sellers a fresh reason to sell.
A bearish break on USD/JPY will open up 82.00 which should remain well bid, and with a break higher meeting resistance at around 84.60 coming in the form of the weekly R1 pivot. Stops will be placed above 84.00 and below 82.80.
Another note is it's the end of the week tomorrow, so a round of profit taking may take place because of our resistance at 84.00 and we may experience a bearish movement as a result.
Hope you guys in the US had a good thanks giving!
JPY Index Futures H4
USD Index Futures H4
USD/JPY/GOLD H4
- #21,716
- Nov 25, 2010 4:58pm Nov 25, 2010 4:58pm
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
To add. US and South Korea will be holding a joint exercise this weekend. Although the risk of North Korea retaliation is not high, one small incident would push everything back down.
- #21,717
- Nov 25, 2010 6:31pm Nov 25, 2010 6:31pm
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
Evening Traders!
It was a slow day today with the US on holiday.
I have attached a chart of the JPY Index Futures where we can see we broke out of the ascending trend line and have been falling since 12/11. We have been stopped at the 11.95 level and have yet to get a clean break below.
This has also capped the advance on USD/JPY getting up to and above 84.00. A break below the 11.95 area should open up a view to around 11.65 (a bearish movement shows Yen weakness and hence a push higher on USD/JPY).
On the USD Index Futures we can see we...
Catch you guys in the European session.
AUD/USD (USD/JPY overlay) H4
