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Joined Mar 2013
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Status: Always the Macro view
|46 Posts
Hey Ray good to see you. I've closed off all short term exposure at 157.04. Currently eye your 158.10 lvl for upside, Although further downside continuation to 156.76 seems probable
the market can remain irrational longer than you can remain solvent
these pairs seem to be extremely over sold. I have to imagine a correction of some sort has to be in order soon
Ignored
It was oversold at 176 it was over sold at 166 its over sold at 156....catch the pattern? lol "Markets can remain irrational longer than you can remain solvent" This sucker is crashing and burning and has been we haven't had a month candle like this in any JPY pair since 08 before that 01 before that 98 yeah...not to be a doomdayer but things really aren't looking good. Not to say you cant scalp it. Had few decent catches at those levels but you got to get out quick before it rolls over on you.
{quote} It was oversold at 176 it was over sold at 166 its over sold at 156....catch the pattern? lol "Markets can remain irrational longer than you can remain solvent" This sucker is crashing and burning and has been we haven't had a month candle like this in any JPY pair since 08 before that 01 before that 98 yeah...not to be a doomdayer but things really aren't looking good. Not to say you cant scalp it. Had few decent catches at those levels but you got to get out quick before it rolls over on you.
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ohh no doubt this thing has more to run. ive got uj hitting somewhere between 107.25 and 106 so im guessing this has a ways to go. Just thinking this slow bleed needs a slight rest. who knows though...maybe not? Weekly S2 was 157.592 and S3 is 152.234 and monthly S2 was at 158.011 so im guessing at some point theres gotta be a rest? Who knows?
With this latest move down could be the end of Wave 5 from the weekly high of 195.26. Time will tell if we see an A-B-C correction wave targeting 175.66 or 180.29.
With this latest move down could be the end of Wave 5 from the weekly high of 195.26. Time will tell if we see an A-B-C correction wave targeting 175.66 or 180.29.
Ignored
Yes Technically I can see this as being a good area for a directional change in price action. However Fundamental wise there are way to many elements floating around at the moment of uncertainty given the Fed & interest rates, Brexit, Euro concerns & Global financial uncertainty at this point that lend my favorite quote
"The market can remain irrational longer than you can remain solvent"
Careful out there ppl
the market can remain irrational longer than you can remain solvent
