If I may say, I think it needs to test the 61.8% level of 116.99 before it breaks this triangle. I have pending buys there and won't budge until it gets hit.

USD/JPY Discussion

Anyway, short at 118.22, stop at 118.32, TP at 117.43. It might even extend to 116.45. We'll wait and see.

USD/JPY Discussion

Thanks.

Oktoberfest Nightclub

Out at 1.2385.....+50.

Oktoberfest Nightclub

Sell USDCAD at 1.2435 off a rising wedge. Let's see where this goes.

Oktoberfest Nightclub

Have you taken a look at the 116.99 retracement (61.8%) or the 166.54 (76.4%) levels? The CCI showed extremely overbought conditions at 118.31 in the 1h.

USD/JPY Discussion

It was a good move IMO. The SNB decided to get rid of the dead weight off their books and cut their losses. Many people lost and won but that is the nature of forex. It is not fair. Fair is something you go to and see farm animals. I just read ...

Oktoberfest Nightclub

.8680 on mine......I would say that the SNB decided to ABANDON the euro.

Spider's Den

Holding longs on E/U until 1.1923 (or simply the 200 EMA on the 1hr charts). This is creating a divergence with the 4hr 55ema and usually follows a fib level which will trace on my home PC.

Oktoberfest Nightclub

It's pumping!!

Oktoberfest Nightclub

If B wave completes at 1.1800, I see C wave ending at 1.1930ish. Is that in your count as well? Sorry, I cannot post charts since I'm using MT4 web for tracking but using my MT4 Iphone for analysis.

Oktoberfest Nightclub

Exactly. Although when I posted the fact that you only need to make 10-20pips a day to turn a small account into a million, I got hammered for it since it doesn't provide for good analysis and instead promotes get-rich quick schemes. I tried ...

Oktoberfest Nightclub

Hi Schick, interesting trade idea. I just heard from the Treasury department of a giant Swiss multinational that it believes the true value of this pair should be around 1.27 - 1.30. I don't know what to make of it yet.

Oktoberfest Nightclub

Why do I have this funny feeling that they will announce the pull out of Greece from the EU and this pair will just go up by 200+ pips at once?

The Club!

Closed short hedge at 1.2220

The Club!

There's even a longer-term support at 1.2060+ but I don't think we'll see this in the near term since this is now due for a reversal anytime.

Oktoberfest Nightclub

Looks like C-star and Fini's assumption maybe coming to fruition. Dump and pump, BABY!! Watching the 1.2170-1.2230 levels now. All TFs are now going oversold.....

Oktoberfest Nightclub

Hey C-star, just let it be. It's like my in-laws: no matter what I do, someone will always say something. Keep posting and keep making money. You're doing a service to others.

Oktoberfest Nightclub

Interesting stuff, Fini and C-star. If this gets realized, we may see an old support level of 1.2170-1.2180 which is part of the ol' wave 5 ending diagonal wedge. 1) The daily CCIs are still trending down from overbought levels while all the other ...

The Club!

Bought the last bunch at 1.2329 which is 5/8 of MM line. Let's see if it holds since this is suppose to be a strong support.

Oktoberfest Nightclub