Waiting in the wings to see what happens at 'b'...
a reversal pattern would be nice.
http://www.khalsaspad.com/files/042906_eur.jpy.gif
arco
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Waiting in the wings to see what happens at 'b'...
a reversal pattern would be nice.
http://www.khalsaspad.com/files/042906_eur.jpy.gif
arco
i already jumped in short at 143.25 (2PM) and have followed up with USD and GBP shorts against the Yen as well.
Go teh Nippon money!
not really working out well.... , bailing before it goes negative.
Morning All
Short entered last night at 143.63 based
on the previous daily candle - currently +53
.....SL now moved to b/e.
Regards - arco
http://img487.imageshack.us/img487/3884/eurjpy3zm.gif
Tight stop hit @ + 50.
Does anyone see a nice bearish Gartley as I see on the hourly? :D
Reversal at 143.95?
went too high last nite to conform to the pattern I think but yeh see what you mean - it had the making. where are our experts?
Pringy and Peat,
I couldn't resist Peat's taunt (sorry, I have been extraordinarily busy away from the forum community lately)
Your gartley has morphed into a butterfly, with a popular target of 1.272% extension, being around 144.60, but could extend to 161.8%, which I haven't shown. Not entirely convinced but watch action around that level if it gets there
http://img469.imageshack.us/img469/619/eurjpy4tc.png
Xerof (MIA - lol)
This is one I watch,was saying to a mate last night who was around,should be a buy on a dip looking at the daily and the way it is trending,nice dip entry last night.
Cheers
Miner
Nice run on the hourly's today,as with usd/jpy(as they go the same way in general),eur/jpy often is a good one through the day for a nice trend,often from around the change of the daily which is a good time to watch for an entry.
Cheers
Miner
When the Symm Triangle breaks we could see a nice run
http://www.khalsaspad.com/files/eur.yen_102506.gif
GTA - arco
Worth watching for a long after the run back up from last nights dip?.
Cheers
Miner
Well was a nice long,anyway arco any update on your Symm Triangle ?.
Cheers
Miner
Hi Miner
Re the Sym Tri.
The upper line was broken by Mondays white candle, and now yesterdays small black is testing the line for change of polarity.
If that holds it indicates EYen could continue north bound in the near future.
regards - arco
Ta for that arco,thought it must be testing the upper line,it's one I watch every day so see how we go,messy today like my other three but they usually warm up at night.
Cheers
Miner