anyone else see the inverse h&s developing on the hourly chart or is it just me?
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Dislikedanyone else see the inverse h&s developing on the hourly chart or is it just me?Ignored
DislikedMy CCI is set at 100, shows divergence, which is what oscillators do during the trend, but if it turns green, then I'd consider gj a buy {image}Ignored
Disliked{quote} you're probably right. i've been staring at my screen too long. what are your thoughts on audjpy? looks like a short term bottom may have been put in this morning.Ignored
DislikedDo you think now would be a good time to jump into a short USD/JPY ? are you still in yours Geppy ? Im being cautious with it today but looks ready for a good move down now on the 15 min chartIgnored
Disliked{quote} Hey steveyd, I'm not in a USD/JPY trade simply because I've already got my Yen exposure with my GBP/JPY shorts. Remember, this is a swing trading thread so we're targeting some bigger moves which also means (especially if trading GBP/JPY) bigger stop losses. So consider taking smaller positions or ones that would coincide with tolerable risk on a reasonable stop loss. I like GBP/JPY shorts with a stop at ~167.50 I'm looking for an initial target of 157.00 and if I'm feeling really saucy, somewhere around 153.50 or so. Sounds crazy, yes......Ignored
Disliked{quote} i hope you're right man. just got stopped out of a long position and immediately went short big.Ignored
Disliked{quote} holy shit, that candle just broke my soul. accidentally had a stop loss for only HALF my position. this shit isn't fun anymore.Ignored
Disliked{quote} Intervention can take many forms There's 'jawboning' - talking about a currency to influence the direction There's actively going to the market and buying/selling to push the rate and stop a few speculators out (there are different ways of doing this) In between those two there is the simple act of the central bank (in this case the BOJ) calling up some interbank dealers at the banks and asking for a 'check' on where the price is. This is often enough to trigger buying (of USD/JPY in this case). This is what just happened according to what...Ignored