USD.JPY

[Bilo]

Thanks Peat

[peat]

I got back from QLD on the weekend (and its rained ever since)
I'm still on holiday tho so have more time to day trade.
Todays trade on USD/JPY was a gartley on the 15min

it was trending down for some time but the risk was minimal after this close to perfect bullish gartley presented itself.

I was a little bit late in at 107.28 so decided to go with first target of 107.5 being the A point and expected some resistance there which would present an opportunity to re enter cheaper. green dot taken out +22

then after I got back from shopping re-entered for the next attempt and took profit at just below the 1.6 fib level of XA. +37
did lose seventeen pips on another trade today tho.gotta tell the whole story eh ;+)

[dumbass]

looking for another short entry

will monitor action on retracement looking closely around 105 30 to 105 50 area

[arco]

Potential Gartley setting up.

I think we could see a further wave higher shortly into the grey box and then there may be a good chance of a sizable fall based on Gartley target zones.

Watching from the wings.

arco

[arco]

Heres the lower time-frame chart showing the small green butterfly from the chart in post #254
- notice the small potential Gartley forming at the red box

GTA - arco

[arco]

13/8. I think we could see a further wave higher shortly into the grey box

Still running quite nicely @ +150 pips currently since chart post #254 and there may still be a good many more pips to go before we see the completion of the green Gartley morphing into the red BF

GTA -arco

[arco]

_______________

Couldn't resist scalping a few more, gotta feeling the action might try to punch through the old resistance. Target up to 50-60 pips ish

Currently +40

[miner]

Hi Arco was long on this Friday but got stopped on the dip before the run and wasn't watching to jump on the dip,anyway watching now to see if ress at 110.30ish becomes supp and we carry on north.

Cheers
Miner

[arco]

Hi Miner

I exited both my positions before closing up on Friday evening....looked like it was struggling..........so decided to play it safe.

Will be reviewing the situation ASAP

rgds - arco

[miner]

Ok,have gone long at 110.080 and 162.096 on it's running mate eur/jpy,VERY tight stops tho,see how we go.

Cheers
Miner