Spot Chart For Those that get confused over the CME deciding to quote Yen futures opposite to Spot.
Attached Image (click to enlarge)
"Look Left Think Right"
- #53,642
- Dec 16, 2014 12:28am Dec 16, 2014 12:28am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
{quote} Should be interesting{image}
Good analysis as usual.
we have almost similar targets. Can you please post your analysis with fib and targets on the chart, There seems to be difference in targets. I just want to compare your fibs with mine and to see how you derive at your numbers. My chart is already here if you want to see. Thanks .
STING
- #53,646
- Dec 16, 2014 12:36am Dec 16, 2014 12:36am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
STING
- #53,647
- Dec 16, 2014 12:37am Dec 16, 2014 12:37am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Dear Albchr, Good analysis as usual.
http://www.forexfactory.com/showthre...62#post7946362
Enjoy the day
Ghost Rider - WWTBMD?
- #53,648
- Dec 16, 2014 12:45am Dec 16, 2014 12:45am
- | Joined May 2006 | Status: Dynamic Expansion & Contraction | 360 Posts
Seriously don't dismiss the options listed for expiration. A even 100 pip range between 2 huge values.
This beast stopped in it's decline tracks only a dozen pips from the 117.00. Technically a very dense Kumo cloud Correlation.
Most traders never think about these option marks. This is the inside of the market. We don't know how many puts to calls the ratio's are either side, the price will tell the story closer to the Cut.
These are vanillas and the price can get touched walked on back and forth, it's the cut where it matters. I would assume Barrier Options to be lurking north of 120.xx but were too far for a concern. Down-ward Most likely Barriers in place at 115.xx Close but not quite enough to generate a push. Considering the stall it appears the 117.00 is a high interest zone of deflection Indication a larger Call option area than Puts.
This beast stopped in it's decline tracks only a dozen pips from the 117.00. Technically a very dense Kumo cloud Correlation.
Most traders never think about these option marks. This is the inside of the market. We don't know how many puts to calls the ratio's are either side, the price will tell the story closer to the Cut.
These are vanillas and the price can get touched walked on back and forth, it's the cut where it matters. I would assume Barrier Options to be lurking north of 120.xx but were too far for a concern. Down-ward Most likely Barriers in place at 115.xx Close but not quite enough to generate a push. Considering the stall it appears the 117.00 is a high interest zone of deflection Indication a larger Call option area than Puts.
"Look Left Think Right"
- #53,649
- Dec 16, 2014 12:45am Dec 16, 2014 12:45am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
Quoting albchr
{quote}
On weekly - (mine closes 2 hours into Sunday night 
) we have a near perfect hit and rejection of the last major swing's 161.8 extension. Again a good sign. If the pattern holds by the ratio (they do more often than not) I'd expect an overall primary target of 111.803 with a rather strong reaction at 114.865. Should that give way, test and hold the primary target is likely with a potential extension to SR at 110.615. {image} On daily - We have a range of 118.940 to 117.223. Fib of the last major daily swing puts the 61.8...
Albchr,
My bad, maybe i didn't clarify .. i was referring to your above post with long term target of 111.80 with an extension to 110.61. if you could post a chart with these numbers... i am getting 112 and you are 100 pips lower. just want to compare notes.
{quote}
On weekly - (mine closes 2 hours into Sunday night ) we have a near perfect hit and rejection of the last major swing's 161.8 extension. Again a good sign. If the pattern holds by the ratio (they do more often than not) I'd expect an overall primary target of 111.803 with a rather strong reaction at 114.865. Should that give way, test and hold the primary target is likely with a potential extension to SR at 110.615. {image} On daily - We have a range of 118.940 to 117.223. Fib of the last major daily swing puts the 61.8...Albchr,
My bad, maybe i didn't clarify .. i was referring to your above post with long term target of 111.80 with an extension to 110.61. if you could post a chart with these numbers... i am getting 112 and you are 100 pips lower. just want to compare notes.
STING
- #53,651
- Dec 16, 2014 12:50am Dec 16, 2014 12:50am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
Quoting albchr {quote}
DOn't bother .. i got it in your earlier charts ... it's a retracement value right ?
STING
- #53,653
- Dec 16, 2014 1:09am Dec 16, 2014 1:09am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
{quote} Wow. Never heard of this. Thanks.
STING
- #53,654
- Dec 16, 2014 1:11am Dec 16, 2014 1:11am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
{quote} This is a 12Hour cloud best to use as a pivot for turn around in direction or a good scalp zone as the price tends to rock back and forth a handful of pips liken'd to a heavy ship in a upset port. lower Kumo's 4Hr and 1Hr are more like liquid metal and require other factors for logical entry.
STING
- #53,658
- Edited 2:14am Dec 16, 2014 1:44am | Edited 2:14am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
Thank you to all on the tread. It helps to know the view of others. If not for this tread and trading on my own, might have blown my account with Yen yesterday!
STING
