Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
- Joined Feb 2012 | Status: On a Pip Diet | 1,806 Posts
To live a successful life, we must lose our fear of being wrong
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} Nice series of posts.
Money moves the market, not an indicator.
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
Money is made by sitting, not trading. Jesse L. Livermore
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Let investigate the chances of buying activity at this correction through time (updated and merged post in 1 minute) : {image} It seem this correction is forming above important support zone . In my opinion, is waiting for a buying catalyst . This may be the Open London in about 00:30 minutes, who know. But I am looking only for buy from here. If the price exceed the SL level, I will also look for buy only but will adjust to market conditions and new informations that appear : {image}
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} downward wedge, looks like its going back up
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
cyguy ,
To me and my trading style, this is too risky . If your analysis it say you can go long, then it's ok.
As I said, i am not looking to buy from here, but from the big resistance above.
To me and my trading style, this is too risky . If your analysis it say you can go long, then it's ok.
As I said, i am not looking to buy from here, but from the big resistance above.
Money moves the market, not an indicator.
- | Membership Revoked | Joined May 2013 | 553 Posts
Technical analysis of USD/JPY for December 08, 2015
In Asia, Japan will release data on the Economy Watchers Sentiment, 30-y Bond Auction, Final GDP Price Index y/y, Bank Lending y/y, Final GDP q/q, and Current Account. The US will release economic data on the IBD/TIPP Economic Optimism, JOLTS Job Openings, on NFIB Small Business Index. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Resistance. 3: 123.92.
Resistance. 2: 123.68.
Resistance. 1: 123.44.
Support. 1: 123.12.
Support. 2: 122.90.
Support. 3: 122.66.
In Asia, Japan will release data on the Economy Watchers Sentiment, 30-y Bond Auction, Final GDP Price Index y/y, Bank Lending y/y, Final GDP q/q, and Current Account. The US will release economic data on the IBD/TIPP Economic Optimism, JOLTS Job Openings, on NFIB Small Business Index. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Resistance. 3: 123.92.
Resistance. 2: 123.68.
Resistance. 1: 123.44.
Support. 1: 123.12.
Support. 2: 122.90.
Support. 3: 122.66.
- Joined Aug 2009 | Status: Just trade it! | 1,230 Posts
Money is made by sitting, not trading. Jesse L. Livermore
Congrats on the trades guys .. was in the wrong trade 2 times (my mind is somewhere else 
) and right trade 1 time but in the wrong direction lol ... Just to share how accurate fib levels are .. was buying into the fib 50.
It might try to reach next target 122.38-ish ... or will I see a retracement on H1? Time will tell ..
) and right trade 1 time but in the wrong direction lol ... Just to share how accurate fib levels are .. was buying into the fib 50. It might try to reach next target 122.38-ish ... or will I see a retracement on H1? Time will tell ..
