JPY at end of trend?

Quote from stepseazy:

So what. Are you seriously going to base your decisions on the USD based on the COT report? Maybe for some commodities, but for USD? Look at the graph and tell me how it has any indicative value of where the currency is headed.
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No. Have you read from beginning of the thread? I trade histogram divergences.
 
Quote from JSSPMK:

No. Have you read from beginning of the thread? I trade histogram divergences.
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What's that? I tried to skim for your quote but I don't have time to find it.
 
Quote from JSSPMK:

A chart is a chart. DAX did go to 4000 didn't it?
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Unfortunately not. But as you are reminding me of that "unrealistic" scenario, I will buy some 4000 puts today. Just for the fun of it.

See you at 74.00 USD/JPY.

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China to Tighten Control on Inflows of Overseas Funds

The capital control game has begun....

http://noir.bloomberg.com/apps/news?pid=20601087&sid=aCLbS07YYUMc&pos=2
 
From 8000 to 4000, most analysts at the time were bullish or didn't see 50% drop as a possibility. Neverthelesss it took place. Not referring to current conditions in DAX. But like in DAX back then, similar technical conditions are now present in the Yen. One thing I don't favor is daily price action, a bit lame for bottoming type.
 
Quote from JSSPMK:

From 8000 to 4000, most analysts at the time were bullish or didn't see 50% drop as a possibility. Neverthelesss it took place. Not referring to current conditions in DAX. But like in DAX back then, similar technical conditions are now present in the Yen. One thing I don't favor is daily price action, a bit lame for bottoming type.
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You may be right. China´s downgrade of US debt today is a game changer. I see USD strength across the board and this usually means the bad boys are running to repatriate their foreign exchange holdings back home BECAUSE THERE IS A STORM brewing !!!!!!!!!!!
 
We have take off.

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Some data:

October 50% (Hi-Lo range) - 82.15

Q3 Lo - 82.87

Year to date 50% (Hi-Lo range) - 82.64

2009 Lo - 84.8

October Hi - 83.98

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3006838>
 

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UJ have had 2 good days in a row and it's also the second week up, which is not seen for a while for UJ. Let's see if it's making higher high and higher low or not in the days to come :cool:
 
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