AUD.JPY

[arco]

Looking like Aud.Jpy is printing a 5/3/5 correction.

If correct it could provide a nice move south off a
confirmed reversal pattern circa 'B' region to target
towards the boxed area 'C'

A break north past 101.28 would void the pattern.

The Blue shape has an extended C leg, but this does not
affect the eventual target area which is based on the red BF
and calcs are taken from the higher point.

arco

[peat]

wasnt really playing the NFP as such but 81 pips was had immediately

[dumbass]

possible gartley printing on trend line

possible third wave commencing

waiting for confirmation to go short around 98 at present

[peat]

nice call DA

could be more still.... notice that it did another 78% retracement of the fall from 97.5 to 96.16 , that is back to 97.20, so could be opportunity for next wave down soon

[dumbass]

thanks peat

yeh woke up this morning and trailing stop closed me out for 150 +

but saw the set up your talking about , its also the 50 % retracement of the complete move down and am back in short at 97 15

hope you bagged a few and will see you soon

[arco]

Hi All


The action is testing the TL break, so hard to say if its
finished rising or not. Safer long term entry might be after
the first wave has proved a reversal.

rgds - arco

[peat]

cheers arco
I lost a few on that re-entry but not as many as I'd made on the way down....
see Paul I'm still waiting for my mojo to return hahah.

This week replaced one silver position at 16.5

was trying to build a Eur$ long position in the mid 1.55's but couldnt hold it against the spikes down. breakeven as I'd scalped on the spikes up as well. was thinking that Eur must bounce if USD rates went lower. How untypically fundamental of me. Also was seeing momentum wane for shorts of xxx/USD.

Fed has cut by .25

[Dow Jones] Key sections from the FOMC policy statement: "Recent information indicates that economic activity remains weak. Household and business spending has been subdued and labor markets have softened further. Financial markets remain under considerable stress, and tight credit conditions and the deepening housing contraction are likely to weigh on economic growth over the next few quarters." Also, "Although readings on core inflation have improved somewhat, energy and other commodity prices have increased, and some indicators of inflation expectations have risen in recent months...uncertainty about the inflation outlook remains high. It will be necessary to continue to monitor inflation developments carefully."

[dumbass]

morning peat

got stopped like you but still positive pips for move

i reckon the bullish engulfing and tl bounce means short is off the table for moment

getting close to risk limit at 100 + which should provide a low risk test so still watching

for another go

may the mojo be with you

[dumbass]

looks like gartley following through into butterfly

104 worth a look if it makes it

[dumbass]

hi peat and roddy , hope you had a good holiday peat

was watching this one heading into the 103.50 - 104 area where there is a reversal box for a gartley (green) and also a butterfly (red)

similar to eur jpy roddy , some nice trendlines waiting to be broken for confirmation

so watching closely for short