seek to reload short now.
- #54,262
- Jan 5, 2015 8:34am Jan 5, 2015 8:34am
- Joined Dec 2012 | Status: Lions don't bleat! | 2,874 Posts
![Click to Enlarge
Name: 150105 1H[2] USDJPY.png
Size: 41 KB](/attachment/image/1582574/thumbnail?d=1420468367)
Wait, or you will be slaughtered!
- #54,266
- Jan 5, 2015 9:16am Jan 5, 2015 9:16am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
{quote} Nothing more than Economy worry world wide..PS: Will weaken equally as fast then the move will happen and big
STING
- #54,267
- Jan 5, 2015 9:18am Jan 5, 2015 9:18am
- | Joined Nov 2013 | Status: Trader | 1,222 Posts
{quote} Thank you.
Let her figure herself out
before jumping in of course.
- #54,268
- Jan 5, 2015 9:27am Jan 5, 2015 9:27am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
2 scenarios can play out .
1st one is that wave 2 is incomplete in it's correction and is looking for a c wave down to 118.15 which is also weekly support 2 and 50% retracement of the 1st wave up. trend will hopefully resume up again after the correction.
chart attached.
2nd one being that 2nd wave correction is complete and this correction is a minor 2nd wave which is poised to touch weekly support 1 at 119.31 and is also a 76.4 retracement of minor wave 1 and then trend hopefully resumes up again. On H4 this point is also 89 sma.
chart attached.
Lets see which one plays out. In any case i am about 70+ pips in the red without a SL
. Watching the movement every 30 minutes ... will have to put an SL before going to bed.
1st one is that wave 2 is incomplete in it's correction and is looking for a c wave down to 118.15 which is also weekly support 2 and 50% retracement of the 1st wave up. trend will hopefully resume up again after the correction.
chart attached.
2nd one being that 2nd wave correction is complete and this correction is a minor 2nd wave which is poised to touch weekly support 1 at 119.31 and is also a 76.4 retracement of minor wave 1 and then trend hopefully resumes up again. On H4 this point is also 89 sma.
chart attached.
Lets see which one plays out. In any case i am about 70+ pips in the red without a SL
. Watching the movement every 30 minutes ... will have to put an SL before going to bed.
STING
- #54,270
- Jan 5, 2015 10:06am Jan 5, 2015 10:06am
- Joined Apr 2011 | Status: barefooted | 1,633 Posts
2 scenarios can play out . 1st one is that wave 2 is incomplete in it's correction and is looking for a c wave down to 118.15 which is also weekly support 2 and 50% retracement of the 1st wave up. trend will hopefully resume up again after the correction. chart attached. 2nd one being that 2nd wave correction is complete and this correction is a minor 2nd wave which is poised to touch weekly support 1 at 119.31 and is also a 76.4 retracement of minor wave 1 and then trend hopefully resumes up again. On H4 this point is also 89 sma. chart attached....
I hope you had a good holiday season.
What about this scenario (110.5), improbable?
Fail better.
- #54,272
- Jan 5, 2015 10:41am Jan 5, 2015 10:41am
- Joined Nov 2006 | Status: Sting | 1,049 Posts
{quote} Hello stringfx, I hope you had a good holiday season. What about this scenario (110.5), improbable? {image}
everything is probable my dear. The market is vicious. It's out to bite every retailers bum. The index is overbought to the core but it keeps going higher. Now it's in a state that, it has to cover some more distance upward. (EW view)
Your chart could be the right one if the previous high is not taken out, so let's wait out and see which direction UJ is heading. If it breaks 115.54 which is the low, then UJ is heading into an abyss but my strong feeling is that we will see 127 before 115 (based on dollar strength).
Good luck on your trades.
STING
