I see you have a daily chart there, but what kind of timeframe are you expecting this move to happen in? I just think its a bit premature to be thinking 96.50.
Price seems to be respecting your Fibs to a certain degree...but I'm not sure how you choose the high/low you did and how you could replicate that in the future.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
I see you have a daily chart there, but what kind of timeframe are you expecting this move to happen in? I just think its a bit premature to be thinking 96.50. Price seems to be respecting your Fibs to a certain degree...but I'm not sure how you choose the high/low you did and how you could replicate that in the future.
Ignored
Ya it's premature, let's say when USDJPY was about 78 and BOJ was asked to devalue the currency, they can't just make their money trash and they need to have atarget then swing around the target for some time which is long for us, retailers, see the impact and then decide for the rest, more than 2000 pips in a short time must be exceeding the boarders and trying to find what they have decided as a target for the first step, I use all ways especially when see that BOJ says they have done enough for now I completely understand my premature chart, however; future holds what it holds that is why I say it is my chart and I bet my money on it and am not going to justify anything or ask anybody to trade my charts just be more careful since it is not a one way move.
Ya it's premature, let's say when USDJPY was about 78 and BOJ was asked to devalue the currency, they can't just make their money trash and they need to have atarget then swing around the target for some time which is long for us, retailers, see the impact and then decide for the rest, more than 2000 pips in a short time must be exceeding the boarders and trying to find what they have decided as a target for the first step, I use all ways especially when see that BOJ says they have done enough for now I completely understand my premature chart,...
Ignored
Fair enough Holmes, but guessing that 2000 pips is too far too fast therefore it must go down is essentially the gamblers fallacy.
Looks like the pair is going to close weak and under your 99.80 level.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
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Joined Feb 2011
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Status: Trade the hot hand.
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Asia open is typically a good time to enter new positions. I'm long here...stop at 99.55 (below last 4hr candles low). I'll know quickly whether I'm right or wrong.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
Asia open is typically a good time to enter new positions. I'm long here...stop at 99.55 (below last 4hr candles low). I'll know quickly whether I'm right or wrong.
I don't use TPs. Once I'm up 15-20 pips I'll move my stop to breakeven. At that point I'll either get stopped out for no loss or I'll have a position at the low of day in line with weekly/monthly trend.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
I don't use TPs. Once I'm up 15-20 pips I'll move my stop to breakeven. At that point I'll either get stopped out for no loss or I'll have a position at the low of day in line with weekly/monthly trend.
Kuroda will speak soon, will this bring UJ fly past 100?
I think if UJ can't fly past 100 this week then there will be a high chance that a correction might be in play, what do you guys think?
