Forum

Posts by "edi"

View Member Profile
5 Posts Total by "edi":
4 Posts by member
edi
(tokyo, Japan)
1 Posts by Anonymous "edi":
   
1
edi
tokyo, Japan
Posts: 3
7 years ago
Mar 16, 2017 4:31
In Thread: How many Fed hikes this year?
Vote: 3

Race to raise so that they can lower after/during a recession.
edi
tokyo, Japan
Posts: 3
13 years ago
May 9, 2011 6:30
In Thread: Is it the Beginning of a Major EURUSD Decline?
addendum to earlier comments: as of asian Monday pm. we are seeing potential pull back in eurusd, go to 4h chart and see those 3 wicks/shadow showing an up move? Called a rising 3 or sl3. very good risk on the long side (goes lower then the lowest low - OUT). the target? pick your poison: 1. fibo @ 382/1.4551 or 2. 0.50/1.4626. Having said all that, agree with Ashraf, way forward is down due to weekly bearish technicals. Am just trading:)
edi
tokyo, Japan
Posts: 3
13 years ago
May 8, 2011 12:17
In Thread: Is it the Beginning of a Major EURUSD Decline?
VOTE:Back above 1.46

ALMOST everything (frankly can't think of any but gotta b there)that is short has NOT worked, plus the i-rate differentials vs U.S. are 'no-brainer' and Jim Rogers is very long Eur (he's not purrfect but good nose for trends). Technically I know I am very wrong, BUT price did pop thru the 3 point downtrending trend-line (since may 08). I have to respect that. I do see a '3 bump top ' on the daily '9,3,3' stochs so that's very bearish. But really, I can't discount ze Germans trying to keep the EC together until their voters tell them Nicht. Lotta firepower in the Germany, lots. At best, I'm hedged with bullish overweight...
edi
Japan
Posted Anonymously
14 years ago
Jul 14, 2010 11:47
In Thread: EURJPY Next Cycle Turn
Strictly technical: the weekly candle-sticks show 3 (and 4 ) drives to the bottom (which floor traders used as a counter trend signal hence long). However, this market is building value (consolidating) at the lows (which means low prices 'sticky'). Even if it breaks your stop, it should,eventually, come back down again. Either way it's a tough call. Ashraf, on May 06 (weekly), we saw what I just learned is a Priming Thrust - extremely bearish. Have you come across this setup before?
edi
tokyo, Japan
Posts: 3
14 years ago
Apr 13, 2010 4:07
In Thread: JPY Trade Index 29-Year Chart
Salut Ashraf.

My question is this: given the 'supposed' size of Japanese Mrs. Watanabes still active in forex, and given the hightened risk in here-to-fore safe assets like Euro bonds and U.S. bonds, is it 'unreasonable' to assume the JPY could trade down to 75 or 65 ? I have to think it would take massive fear on the part of the Japanese to repatriate their JPY thus bidding up their currency.

I only bring this up due to the long term trend (1997+), if we draw some channel lines, and 87 and 82 levels are violated, I could see those lows being possible.

Thanks for your terrific info and work.
Report Reply
   
1