Waiting in the wings to see what happens at 'b'...
a reversal pattern would be nice.
http://www.khalsaspad.com/files/042906_eur.jpy.gif
arco
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Waiting in the wings to see what happens at 'b'...
a reversal pattern would be nice.
http://www.khalsaspad.com/files/042906_eur.jpy.gif
arco
i already jumped in short at 143.25 (2PM) and have followed up with USD and GBP shorts against the Yen as well.
Go teh Nippon money!
not really working out well.... , bailing before it goes negative.
Morning All
Short entered last night at 143.63 based
on the previous daily candle - currently +53
.....SL now moved to b/e.
Regards - arco
http://img487.imageshack.us/img487/3884/eurjpy3zm.gif
Tight stop hit @ + 50.
Does anyone see a nice bearish Gartley as I see on the hourly? :D
Reversal at 143.95?
went too high last nite to conform to the pattern I think but yeh see what you mean - it had the making. where are our experts?
Pringy and Peat,
I couldn't resist Peat's taunt (sorry, I have been extraordinarily busy away from the forum community lately)
Your gartley has morphed into a butterfly, with a popular target of 1.272% extension, being around 144.60, but could extend to 161.8%, which I haven't shown. Not entirely convinced but watch action around that level if it gets there
http://img469.imageshack.us/img469/619/eurjpy4tc.png
Xerof (MIA - lol)
This is one I watch,was saying to a mate last night who was around,should be a buy on a dip looking at the daily and the way it is trending,nice dip entry last night.
Cheers
Miner
Nice run on the hourly's today,as with usd/jpy(as they go the same way in general),eur/jpy often is a good one through the day for a nice trend,often from around the change of the daily which is a good time to watch for an entry.
Cheers
Miner