Preparing for something like this. Will take profits and possibly reverse if there's panic selling early.

Zappa's Journal

This was last week, but gap was quickly filled again. Interested to see if we get yet another large gap down on EURJPY. I think it is likely. I can't help but think one of these large gaps is going to keep going at open. I can see this happening ...

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Big gap down. Let's see if it can keep going and fuck up all the gap faders.

Zappa's Journal

Was traveling all day yesterday, but exited AUDJPY and switched over to EURJPY at close. It became apparent (to me) by late Thursday that a big move down wasn't happening this week. Then I took a peek at EURAUD, and I think that pair will be heading ...

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I can assure you this won't take months. As for today, there is still time for a quick crash to the lows at 86.36. A 500+ pip day in AUDJPY is not unheard of. Those days usually happen right at the top or at the bottom. Not that I think it will be a ...

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Might be wishful thinking, but I see a massive drop down past 86.00 in the next 24 hours. Got a target at 86.00.

Zappa's Journal

Yes, so far so good. If we see 86.00 this week, I'll take profits there and either wait to re-enter on a 250+ pip pullback, or find another pair to trade.

Zappa's Journal

AUDJPY rally should be done with now. I can see massive selling to close this week. Let's see if the vision is actually going to happen.

Zappa's Journal

AUDJPY continues to wear out buyers while shorts add size. EURJPY will probably be the biggest mover south, though I am sticking with my AUDJPY trade.

Zappa's Journal

Glad I didn't take the EURAUD trade, as that one's not looking so good anymore. Meanwhile, AUDJPY is moving fast. A lot of possibilities on how it can come down, but if it free falls down to 91.15 in the next few hours, I will be looking for any ...

Zappa's Journal

Looks like a big gap down on AUDJPY. Sweet! About time I'm on the right side of these moves. Been tricked out at last second so many times before. Took me forever to have complete confidence in my skills and let myself win. Next few moves maybe?

Zappa's Journal

GBPAUD might have a pullback, but that pair still looks strong. AUDNZD looks over-extended, and needs a pullback to take out the traders who got in too easily.

Zappa's Journal

And AUDJPY buyers drying up with each passing day. This is a really solid top we have here. This is going to drop anytime now, and drop hard it will! With such a large amount of fuel spent in this one area, there won't be any buyers coming around ...

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Here's another pair that looks ready for a nasty reversal. A short entry from current price with stop/target in red would be a winner, I think.

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Still letting the bulls wear themselves out while bears build size. That's what I'm seeing anyways. I think the high today will probably hold. And here's a forecast. It helps to visualize how a market can move where I think it will go, even if it ...

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And here's a trade that I think has a very high probability of success. I only take one trade at a time anymore, but I'd definitely take this trade if I weren't already short AUDJPY. Go long EURAUD near this closing price with stop/target/entry in ...

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Not quite ready to move the stop closer yet, but I seriously doubt we'll be seeing 96.30 again anytime soon. The way price has come down from there is exactly how it should look if it's going much further. 96.30 was also a perfect spot to turn at, ...

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CK87!! How ya been, senor? Yeah, GBPNZD going wild. I had a forecast on that pair a few posts ago. I wouldn't dare of going short that pair right now. It just went through a 4-year bottoming process! You make a killing on AUDNZD? I remember you were ...

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And now in AUD JPY we have an even trickier presumed top, making it very clear that if it drops from here we are going all the way down to 84.50 and possibly much lower. Changing target to 84.50.

Zappa's Journal

Changing the target again. The market has made this latest presumed top a little bit trickier now, and that is a good thing. I don't know, I'm looking at this pair and I don't see how it won't at least go to 90.25 before it attempts any real bottom. ...

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