Search results

This is what I believe is happening. The move from 1.3669 (all time high from 12/30/04) to 1.2729 (2/7 low) is Wave 1. Then the move up to 1.3482 (3/11 high) is Wave 2. Notice that this is a Regular Corrective Wave and that we retrace more than 61.8%. Furthermore, it is simple in nature. I am...

I live in Westminster.

I agree. We are propaply going to see a correction to at least as high as 1.2244 (50% retracement of the move from 1.2590 to 1.1898). 61.8% retracement to 1.2326 can not be ruled out. With earnings season starting next week all of this is possible if the stock market takes a big hit.

Hello. Let me introduce myself. I am a position trader in the currency market. I will be posting my trades, thoughts and feelings here. I believe that modesty is required. Let me give you an analogy. We traders are like the fisherman who goes out to sea. He tries to catch as many fish as he...

You don't want to do that, skalper. There is a lack of good traders on that forum. Let me finish with my long USDJPY position. Then I will move here.

VisionTrader, I am targeting 117.60 for USDJPY. Here is my thread from another forum. Perhaps I will be moving here to exchange ideas with all of you. learncurrencytrading.com/fxforum/showthread.php?postid=48298#post48298