edumas2

edumas2

Let me me know if you think GU will make a final push to slice through that current formation to touch the pivot or not. It will be interesting to see. If price touches the pivot, I would not be surprised to see some shorts asserting themselves for a push down of some size. I am in a small long for now as I have a bias towards the "touch the pivot" pet...

edumas2 Updated 

Just got out of this one for a quick short - 80 pips tonight. This could be a premature profit capture but that's OK if it is. I will see what is going tomorrow morning but I would be looking for a possible bounce or reaction around the zone near the base of the yellow arrow. This would be a LONG.

edumas2

I got out of this one last night near the reaction support. That being said, I will be keeping an eye for a re-entry however, we might only have a shallow pull back.

edumas2 Updated 

I took a small short on this one but I thought that price might tap into the black diagonal just above. I will take a second short around that area.

edumas2 Updated 

I just noticed this one. I won't take it as I am going to be and I am already in a couple of shorts along the same line. You do your own diligence but this one looks like it is bleeding. It is under the pivot. I had some success on similar set-ups even if the trade had left the "station." Just my two cents. I hope you make a lil' more than 2 cents if you take it...

edumas2

I wish I had taken a larger size at my entry one. I was just nibbling. I just got into a second entry, a bit larger size this time but still nothing crazy as we are still in an uptrend. A pull back to the tip of the yellow arrow is what I am shooting for. I am not anticipating the drop of the century.

edumas2 Updated 

This one had one hell of a good drive. The trend is your friend until it whacks you in the back of the head with a sledgehammer, takes your kids, cars, dog and wife. A great friend as long as it trends. I have zero crystal ball but I would be a bit surprised to see another 154 pips or so straight drive up to my upper resistance... though it is possible. I...

edumas2

I got out a couple of hours ago. I took a short right at the top for my first trade. I sold after about 100 pips not knowing it would go down a lot more. Clearly missed some ea TSX:Y money. I grabbed another 82 pips when I closed today so I am Ok. This was a trade I initiated about 2 days ago. The pair might keep going down, in that case it is a "pass" for me...

edumas2

The line I drew worked well for the bounce of the JPY which means that may pairs with with JPY in them go down when the index goes UP. I put an area there for a potential retest and potential reversal or accumulation before another push up. This could mean that the shorts with JPY might reverse of take a breather. I might get out based on this resistance.

edumas2

Potential target but keep in mind it could take a few days. Price might have a green day or two. If those are small greens there is a good chance the drop will resume.

edumas2

There is a first area with the diagonal down then a second area. Often times, price might push to the second area after stopping for a couple of days at a diagonal. The intraday trader might want to pay attention to the area of the diagonal as those reactions to the short side can often times be 25 to 40 pips and they happen quickly.

edumas2

I don't trade intra-day but it is always cool to drop to the 4H. It also tells you if your longer term lines are relevant. Right now, price is trapped between my resistance zone and the line I traced starting December 2022. The swings had up to 130 pips which would be great for a day trade. A few rinse and repeat on top of that. That being said, I don't expect...

edumas2

For those who missed the first drop, keep an eye on this possible retest on 4H. Don't be too fancy as you might miss a good trade for a few pips. Better to DROP your trading size a bit and make your entry a bit more aggressive or your zone a bit wider. That's how play those.

edumas2

For those who "missed" the drop, the pair is weak right now as it is under the pivot, etc. though we are still in an uptrend. There could be some more downside. One way to play it is to was for a pull back that could occur today. I put a small black bar to show a compromise between a pull back while the pair is still weak. You get it at a better price if you get...

edumas2

I am partly using this chart of the JPY in order to trade the pairs like NZDJPY, USDJPY, etc. Again, the JPY index could resume a drop very soon or could go and rests the pivot above. If it does so, we will have some nice drops on many JPY pairs.

edumas2

This another one that could be resuming a drop. Had a nice fat drop recently... the pull back to the long side was not overly vigorous. it is now under the pivot. Let's see if the law of gravity still works tonight.

edumas2

Is that sucker hanging to a bonzai root on a cliff, ready to drop or is this another fake down? I am short this one and GBPJPY as well. Those drops are great when you nail them near the dropping point... but for a every nice drop there can be a few fake outs so pay attention to risk management.

edumas2

We got the Long reaction I was anticipating in a previous post but I don't expect this one to keep going up. I think we might have a retest up to the resistance I traced or maybe a bit lower then another push down. Don't have a crystal ball but that's a plausible scenario.