I wonder if we're forming a smaller 1H triangle.

USD/JPY Discussion

And I think it's gonna be a long, long time ‘til touch down brings me round again to find I'm not the man they think I am at home Oh no, no, no, I'm a rocket man Rocket man, burning out his fuse up here alone

USD/JPY Discussion

Here we go. Let's see if Bernake pushes it one way or the other.

USD/JPY Discussion

What a fight.

USD/JPY Discussion

What a pair. Wish it would pick a direction and break out of all this ranging.

USD/JPY Discussion

May I see your chart? I'm not sure what you're referring to as wave-3. It's hard to short UJ after months of bullish power. My first set of counts indicates that the last week's rally may be wave-e of the contracting triangle. It has just taken too ...

USD/JPY Discussion

Interesting. Thank you for this. I wonder how well these probabilities hold up. I trade the time frame that gives me a clear wave pattern. I know a midterm sell off sounds ridiculous to most of the traders here, but...

USD/JPY Discussion

Thanks you. I'll keep that in mind. I'm actually looking towards price below 96.

USD/JPY Discussion

Let's see if it breaks this major trendline of the upper part of what I believe MAY be a triangle. I'm still shorting!

USD/JPY Discussion

With also a kumo twist.

USD/JPY Discussion

I'm still short against 100.60. I'll take the loss like a man if it breaks that.

USD/JPY Discussion

I'm still short against 100.60.

USD/JPY Discussion

Let's see if this will hit my last entries at 100.40. Then let's see if it will hit my stops XD

USD/JPY Discussion

I'm short. New short term high. S/L against the 2nd top of the triangle. I got in for a better price that I had a few days ago so even less risk to trade this triangle south.

USD/JPY Discussion

Have pending shorts ready for the new short term high.

USD/JPY Discussion

I got rid of my shorts with a small profit. I didn't like price movement and I still think we'll see another short term high.

USD/JPY Discussion

This is interesting. Especially this quote "Now here’s the thing. When technicians look at these charts, we’re trained to presume that the consolidation will eventually breakout in the direction of the underlying trend, which in these two cases ...

USD/JPY Discussion

I think we have one more short term new high coming. Looks like the rally from 97.6 has been ABCXA with B in progress and C wave up coming in a double corrective move. I'll be looking to put in my 2nd level of shorts against 100.60. If it doesn't ...

USD/JPY Discussion

Still holding theses shorts. I just don't see a huge thrust up out of this consolidation. The break of the upper trend line (triangle) seems like a false breakout. Still not a bull until it passes 100.60

USD/JPY Discussion

2nd Entry is 100.38 to be added to the original shorts. Still a good entry for shorts on a triangle-looking pattern. Low risk, High Reward.

USD/JPY Discussion