Hello Rich - I like your charts. I hope you do not mind if I post a chart here - historically everyone is a pro, looking forward and anticipating the next move is where it gets tricky.
RrrussT1
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I want to say Thank You for the chart. I like reviewing other's thots. I also want to caution you. I've been SHORT Usd/Jpy too for awhile .. hard to cover it every week. Please listen-watch Dr S on FXSTREET. Spike Trading Calls - Positioning POST Dec 8th ECB Meeting
Dr. S. Sivaraman | Dec 08, 06:15 This is one that I didn't watch until lately. He does explain how the "Players" move the markets.. to take our money. Nothing hardly makes sense, and you CANNOT leave position ON.. trade and take OFF your positions. Day Trade, no Swing trades.A New One for tonite will begin at 9pm - Asian session: Live market analysis and forecast 12/09 By Dr. S. Sivaraman
I've also read recently that usdjpy can go to 126.00 and 130.00.
Lastly, Euro. EJ will most likely act same-or-similar to usdjpy. This morning, EU spiked to almost 1.0875. Eurjpy spiked to 123.30 and now it sits at 121.30. That was just over the ECB meeting and notes from minutes.
My cautionary words, think abt this; Most Yen prs move together in the SMAE direction. I'm still tryin to get OUT of my short yens. Then I will look to go long.
There is nothing "normal" about this market!! Much Luck ...
RichFish404
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@RrrussT1, as always, thanks for stopping by to comment. I'll take a look at the FXStreet postings and Dr. S. ...continued success to you.
fxxxxtrader
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You think lower????no pull back?
RichFish404
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@fxxxxtrader, there may be a little pullback, but i took this trade because it met all the conditions i was looking for to take a short position. my stop loss is a bit lower than i would have put it if i had gotten in earlier. but i dont think there will be enough of a pullback at this point to take me out. But hey, the market will do what it wants to do, right? I'm just looking to make some profit before it disagrees with my analysis :-)
Are you trading this pair?
RrrussT1
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@RichFish404, I just want to say this too. I've ALWAYS had a hard time with Dr S S's explaination. But his heart is in the right place.. and I'm starting to see it--yes it's slowly sinking into my brain. Lowest he say the "Players" will let it drop for last night is 112/30 ish. Watch the new one in 30 miutes and we'll see what he says. Good Luck .. Me thinks .. get OUT of trades and get ready for FOMC .. and even then .. Market will NOT be very "logical" or "predictable." Much patience will be verrrrry helpful. Best wishes .. @RrrussT1 (on twitter)
RichFish404
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@fxxxxtrader, im sorry, i actually replied thinking this was EURCHF which is currently an active trade. I am looking for this trade to trigger at 120.984... but the response is kinda the same. I dont think it will retrace pass the stop loss i have indicated before going down further. We will see.