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- finswin56 replied Mar 11, 2010
I like that area as well. I posted it a couple days ago url I've had to extend my fibs since then, but the confluence still exists. However, I have the level slightly above your at 80.81 at the top of the former resistance. I'm also short on ...
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- finswin56 replied Mar 9, 2010
Of the JPY crosses, I like AUD/JPY the best right now. 80.86 - 80.80 is a really sweet spot. Two different Fib levels, and 3x the area was used as resistance. Entropy brought using overlapping Fib levels a while back. That has always been a favorite ...
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- finswin56 replied Mar 1, 2010
That's very interesting. Thanks for the explanation.
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- finswin56 replied Mar 1, 2010
Have you always used old trend lines that have been violated on both sides? Can you explain to me why you use those?
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- finswin56 replied Feb 23, 2010
I was holding out for 90.50. Looks like I may have missed out. There's always a BPC if price doesn't come back though.
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- finswin56 replied Feb 22, 2010
I'm eyeing 1.5555 on Sterling for a short TT. It's just above the 61.8 ret of the last move down, and Sterling seems to like that kind of deep ret. The current up move looks like a bear flag IMO. Some may prefer to get in at 1.5550 as a RN, but I'll ...
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- finswin56 replied Feb 19, 2010
why did you choose that level? I'm not questioning your choice. Just curious why you chose that spot for the trade.
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- finswin56 replied Feb 18, 2010
So, I'm at work checking charts through the day and see the USD/JPY moving nicely through the BPC that I didn't "love"... I check the charts again later and see the USD blowing up. Needless to say the rate hike caught me by surprise too. My Gold ...
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- finswin56 replied Feb 18, 2010
I agree. However, if it happens later today, I will miss it. I'm off. Good luck!
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- finswin56 replied Feb 18, 2010
I'm realizing, too late, that we're probably in for more of this as price likely consolidates on the daily TF.
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- finswin56 replied Feb 18, 2010
Looks like USD/JPY is breaking out of it's counter TL. I think I would prefer to see it at least his 90.50 before this move.
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- finswin56 replied Feb 18, 2010
They have been a real pain in the neck for me to achieve lately, for sure. My February has been sub par. The whiplash I've received from the market lately is a good reminder of that patience you are gaining. Looks like I need a refresher course.
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- finswin56 replied Feb 18, 2010
Well there goes that... Another time that I've taken a breakout at the beginning of the US session and it's failed. Lesson learned. On the positive side, I took a long on gold back at 1106 and have a free ride now.
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- finswin56 replied Feb 18, 2010
It finally broke through after 5 hours of consolidation. I took the short on the break and hope to take some profit just ahead of 122.30. It would be nice to catch one of these runners that you all have been banking this month.
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- finswin56 replied Feb 18, 2010
same here. similar thing happened yesterday with EUR/USD, and price just blew through some decent levels I thought we'd see a bonce from.
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- finswin56 replied Feb 18, 2010
I'm looking at the USD/JPY for a TT. I don't like that it's breaking a TL right now, but I really like the 90.50 and 90.36 levels. By the time it gets there the ADR should be near its average.
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- finswin56 replied Feb 18, 2010
Will you look at taking a short if it breaks the long up TL? I wish I had put my money where my mouth was on that EUR/JPY 123 level. That was a pretty quick 40 pips...
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