Even though it is counter trend I like this trade apart from the stop, might as well sacrifice few more pips below all time low
Japanese will intervene again & again.
http://us.mobile.reuters.com/article/idUSTRE6910IK20101002?ca=rdt
USDJPY - stay alert - for poss. reversal
- Thread starter deadbroke
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Even though it is counter trend I like this trade apart from the stop, might as well sacrifice few more pips below all time low
Japanese will intervene again & again.
http://us.mobile.reuters.com/article/idUSTRE6910IK20101002?ca=rdt
Quote from JSSPMK:
Even though it is counter trend I like this trade apart from the stop, might as well sacrifice few more pips below all time low
Japanese will intervene again & again.
http://us.mobile.reuters.com/article/idUSTRE6910IK20101002?ca=rdt
My humble guess is we still have quite a distance to go...down.
Low 70s. Again, this is just a humble guess.
When you say low 70s are you referring to a measured move of some kind? Even if it is a guess, what makes you think all time low will not hold & Ninja will shed another 10%? TY!
Some of my reasonings.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=206335
I really don't know what is going to happen. My guess is derived from
price patterns and measurements in conjunction with broad based
analysis of several interrelated markets.
I ignore all fundamental data as price is the only one that pays.
I have no idea what will happen next though and I wish you good luck
if you are looking to hook a bottom.
Quote from JSSPMK:
Even though it is counter trend I like this trade apart from the stop, might as well sacrifice few more pips below all time low
Japanese will intervene again & again.
http://us.mobile.reuters.com/article/idUSTRE6910IK20101002?ca=rdt
my mistake - its a pend trade; I'll re-state it and the STOP placement will be clear.
where UsdJpy might go to the downside?
here are some technically based targets - educated estimates but still GUESSES ....
82.869 ... see my weekly chart few posts up. Got the big rally at a perfect 423.6% hit as stated earlier.
We are going down again to that level. It could fire again!!! Be alert for this.
-------------------
80.06 - 79.05 = historic monthly low - 78.6% retracement of entire northbound UsdJpy bullrun from 1920s.
There you have it.
here are some technically based targets - educated estimates but still GUESSES ....
82.869 ... see my weekly chart few posts up. Got the big rally at a perfect 423.6% hit as stated earlier.
We are going down again to that level. It could fire again!!! Be alert for this.
-------------------
80.06 - 79.05 = historic monthly low - 78.6% retracement of entire northbound UsdJpy bullrun from 1920s.
There you have it.
Jap intervention plays no part in my thinking as it is subservient to and built into PRICE already. And it doesn't take a genius to observe that intervention always occurs near or at big supports when Yen is strengthening.
Watch Price and Price only, no news required, no who's fckin who etc.,
Watch Price and Price only, no news required, no who's fckin who etc.,
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