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  • #68,361
  • Jul 25, 2013 7:28am Jul 25, 2013 7:28am
Looks like another USD weekness wave is comming up.. EU and GU want up.. not sure about UJ and NU anymore..
69
  • #68,362
  • Jul 25, 2013 7:28am Jul 25, 2013 7:28am
Quoting BoringIsGood
{quote} Yeah, I like usd/jpy longs at these levels too.
Keep in mind that the Yen is being used as a funding currency, as it has been for a few years now.
So if we get an equity market rout, the USD/JPY will either tank or remain flat.

It's about money flow... not valuation.

Otherwise, long is an excellent trade.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,363
  • Jul 25, 2013 7:31am Jul 25, 2013 7:31am
Nice durable goods number

Too bad the jobless claims rose 7k
Those who say it cannot be done should not interrupt those who are doing it
  • #68,364
  • Jul 25, 2013 7:47am Jul 25, 2013 7:47am
Quoting PipTrapper
{quote} Keep in mind that the Yen is being used as a funding currency, as it has been for a few years now. So if we get an equity market rout, the USD/JPY will either tank or remain flat. It's about money flow... not valuation. Otherwise, long is an excellent trade.
Hi Pt,

Great points. And another to keep in mind is that with the reduced leverage in the markets as well as the other options for funding currencies, the yen carry trade is not the defining force that it once was. There will be liquidation days where the yen crosses are the driving force in the forex markets. But as recent PA shows, there has emerged a more dollar centric theme.
  • #68,365
  • Jul 25, 2013 7:49am Jul 25, 2013 7:49am
EU wants to test that 3243 badly...
GU points to 5450's , EU to 3270's
Will UJ manage to maintain its support levels in the mean time - is a big question..
69
  • #68,366
  • Jul 25, 2013 7:57am Jul 25, 2013 7:57am
Quoting Likerty
EU wants to test that 3243 badly... GU points to 5450's , EU to 3270's Will UJ manage to maintain its support levels in the mean time - is a big question..
I don't see cable getting above 1.5345, but that's just me.
  • #68,367
  • Jul 25, 2013 10:19am Jul 25, 2013 10:19am
Quoting BoringIsGood
{quote} I don't see cable getting above 1.5345, but that's just me.
Added a new sell on cable @ 1.5335. Super sized
  • #68,368
  • Edited 12:23pm Jul 25, 2013 10:33am | Edited 12:23pm
Quoting BoringIsGood
{quote} I don't see cable getting above 1.5345, but that's just me.
Stopped out -13, serves me right for getting cocky.
  • #68,369
  • Jul 25, 2013 2:15pm Jul 25, 2013 2:15pm
Short Limit Order just triggered @ 3270 on EUR/USD
Do what you are afraid to do -Emerson
  • #68,370
  • Jul 25, 2013 2:16pm Jul 25, 2013 2:16pm
Quoting Pip_Warrior
Short Limit Order just triggered @ 3270 on EUR/USD
I added a short at 3272
Chart explains why

So now I am short at 3390, 3360, 3272, 3195, 3085 and 2972
My EW count had better be correct

Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #68,371
  • Jul 25, 2013 2:18pm Jul 25, 2013 2:18pm
Quoting PipTrapper
{quote} I added a short at 3272 Chart explains why {image}

lol, when PT trades, the market listens. Nice Chart!

Mind if I ask what your target is?
Do what you are afraid to do -Emerson
  • #68,372
  • Jul 25, 2013 2:25pm Jul 25, 2013 2:25pm
Quoting Pip_Warrior
{quote} lol, when PT trades, the market listens. Nice Chart! Mind if I ask what your target is?
The end of wave V of 5 of 5 of 3 which should put us somewhere between parity and 1.2

stand by for the charts with ew counts

ADD: Charts
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #68,373
  • Jul 25, 2013 2:30pm Jul 25, 2013 2:30pm
Quoting PipTrapper
I added a short at 3272 Chart explains why So now I am short at 3390, 3360, 3272, 3195, 3085 and 2972 My EW count had better be correct

i trust your instinct and chart, havent traded for a week because of new job
How to Win at Sports Betting: DON'T DO IT!
  • #68,374
  • Jul 25, 2013 2:32pm Jul 25, 2013 2:32pm
Quoting Vtmn
{quote} i trust your instinct and chart, havent traded for a week because of new job

There is still a chance that in this crazy market place that it could still spike up in the 1.33xx zone, but I am very confident that the EW count will still be correct.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,375
  • Jul 25, 2013 2:38pm Jul 25, 2013 2:38pm
Quoting PipTrapper
{quote} The end of wave V of 5 of 5 of 3 which should put us somewhere between parity and 1.2 stand by for the charts with ew counts ADD: Charts {image} {image} {image} {image}

Hi PT,


what nice counts you have


Good work, Sir!
  • #68,376
  • Jul 25, 2013 2:44pm Jul 25, 2013 2:44pm
Quoting infinitus
{quote} Hi PT, what nice counts you have Good work, Sir!
Thanks buddy, Let's hope this is the end of wave c of ii
Those who say it cannot be done should not interrupt those who are doing it
  • #68,377
  • Jul 25, 2013 2:55pm Jul 25, 2013 2:55pm
Quoting PipTrapper
{quote} I added a short at 3272 Chart explains why So now I am short at 3390, 3360, 3272, 3195, 3085 and 2972 My EW count had better be correct {image}
Quoting Likerty
EU wants to test that 3243 badly... GU points to 5450's , EU to 3270's Will UJ manage to maintain its support levels in the mean time - is a big question..



3270's is my selling area too
69
  • #68,378
  • Jul 25, 2013 3:01pm Jul 25, 2013 3:01pm
Quoting Likerty
{quote} {quote} 3270's is my selling area too
Okay NY just closed. Hopefully this prick of a pair will fade the last rally and get to work making me the mula I have been waiting for.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,379
  • Jul 25, 2013 3:06pm Jul 25, 2013 3:06pm
Also added short on cable at 1.5390
61.8% fibo of june high to july low
Those who say it cannot be done should not interrupt those who are doing it
  • #68,380
  • Jul 25, 2013 3:09pm Jul 25, 2013 3:09pm
Hope this help ej to touch my target price 1.3350. If eu turn round too early maybe not.
Per aspera ad astra
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