Precise reversal on that 360 min chart formation posted yesterday, for a cupful of pips
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Precise reversal on that 360 min chart formation posted yesterday, for a cupful of pips
Excellent.
I hereby award you the distinguished OOL medal (Order of Lepidoptera) for services to wing watchers worldwide.
I toast Xerof OOL.
Now..... back to basics - how many pips have you got under your wing from that little move [:0]
arco OOL
None, still reckon I've got an L plate on these formations Arco, but encouraged by the non monetary results so far. Found another on the CHF, which also turned very neatly, for an even better return.
I have always liked to keep a clean slate for the first week back from a break, to get the market rhythms reinstalled in the brain
Xerof TOOL (Token Order of Lepidoptera) [8D][8D]
TOOL.
I like it. There are others of course, depending on your rank ;)
COOL - for those that have reached the top
FOOL - for those that have reached (and found) the bottom
G(h)OOL - for those that like to pull the wings off their butterflies
MOOL - for those that always need their ass kicking
POOL - mostly awarded to seamen
S(t)OOL - saved especially for the messy boys who can never get their s*hit together.
[:I]
and JOOL, for those that profer little gems on a consistent basis[^][^]
This one produced a higher incursion into the zone, going to the 1.5% fib quite nicely, and although subsequent action looks likely to follow Arco's big kahuna, (a.k.a. Mount Madonna[:p][:p]) formation on a weekly basis, 70 to 100 pips were available from this shorter time frame, even if one had got in a bit early.
The >115 activity was an exotic barrier stop driven bullsh*t move anyway, first time up
http://img356.imageshack.us/img356/7884/usdjpy0tv.png
Danes view.....
The rising USD against the JPY has been somewhat of a puzzle to
many market participants. In their search for "cause and effect"
solutions they have erroneously coupled the rising Nikkei index
with a bullish JPY outlook By doing that they have missed the
point that many foreign Nikkei-investors have been JPYfunded,
and more importantly that the Japanese overseas
investors have been unwinding their currency hedges anxiously
due to the increased funding costs on the back of the present
hawkish FED stance. A development worth watching as many
Japanese firms/investors are supposed to announce further
reductions of their hedge ratios in the near future. Buying
USD/JPY or sticking with one's bought positions seem to be the
best piece of advice for now
This chart is 3 weeks old, but JPY has now reached my measured targets @ 159.72 (160.01 highest).
Might be a few pips in it (south).
http://www.khalsaspad.com/files/100605butt_887.gif
The relentless march north continues towards the initial Butterfly target circa 118.45, and cycle week 9/11 looms ahead.
Total run north now circa 1400 pips presently for medium/longer term holders. Oscillator showing some divergence.
http://www.khalsaspad.com/files/110105wbutt_267.gif
GTA - arco
From an email I got from London this evening - each time the USD.JPY has gone above/below 115, the move has been at least 10 yen, so 125 appears to be where we are going....
If you have a monthly chart that goes back far enough, the facts are quite compelling.
Off the weekly chart, I have a maximum target of 123.15 (1.618% fib ext from the 101.75 low), so not entirely off the planet
Xerof