Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:

JPY

Discuss JPY
 
1234567891011...156
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 30, 2013 9:48
In reply to Qingyu's post
yes, ignore UJ for JPY pairs, the usd is often out of correlation.
Qingyu
manchester, UK
Posts: 1763
11 years ago
Aug 30, 2013 8:05
In reply to DaveO's post
hope EU UJ go down together, but UJ kinda unpredictable recently.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 29, 2013 22:04
In reply to Qingyu's post
In other words it needs to get its arse into gear southbound.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 29, 2013 22:02
In reply to Qingyu's post
EJ daily needs more downside to about 123.90 or below. EJ 1hr from the 132.40 high looks like 3 waves down and W.4 ret complete or near complete. W.5 down next to about 129.30 and then 50% to 61.8% ret up to c.130.80/131.20. After that is finished expect good move down. Its been very messy choppy correction since the May high but I feel we could/should visit the 118.60/119.0 level to complete a Wave 2 of larger degree.
Qingyu
manchester, UK
Posts: 1763
11 years ago
Aug 29, 2013 20:58
In reply to DaveO's post
have tried EJ short, closed with little gain. :(

lucky close EU short soon after data. add UJ short with tight sl.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 29, 2013 20:53
In reply to DaveO's post
usdjpy still ponceing around in the W.4 triangle-----:-(
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 23, 2013 21:05
usdjpy tests upper triangle resistance today and fails. We need to see this broken for bullish scenario. Alternatively head south back to triangle support.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 21, 2013 21:36
usdjpy now back to 97.75. This poses doubts about another test of triangle support at 96.50/30. Also the DX index is looking like support has held. Above 99.95 would suggest the correction has likely ended at the 95.80 low
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 20, 2013 21:07
97.67 ? check your data !
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Aug 20, 2013 19:12
In reply to Ashraf Laidi's post
AUDJPY pattern up to the first high at 90.06 was easily mistaken for a completed 5 sequence but the potential W.4 was not convincing, very shallow for a 4. The 5th wave that transpired was text book in as much as from the W.4 low at 88.60 it made exact symmetry with Wave 1 to the 90.08 level (actual 90.12). Fascinating stuff, eh ?

Not mucn consolation I know and such posts presented in hindsight can be pretty irritating :-)
Report Reply
1234567891011...156