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benaiah replied Dec 2, 2014Anyone who is looking for a triple bottom, please research what a triple bottom is, and the conditions necessary for it to actually fit the true definition of it. Even if EU bounces around 1.2356, it will not mean a triple bottom reversal. I will ...
EURUSD
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benaiah replied Dec 2, 2014With all due respect to your opinion, I'd have to disagree. The tight range, looks to me like it will end with a break out down (as posted above). If a trend is about to end, it will become more volatile, not less. So, there will be wider swings. So ...
EURUSD
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benaiah replied Dec 2, 2014Might not be much of a bounce this time. I look for significant drop as this triangle pattern completes... Edit: If there is a "bounce", watch for the bear slam around 1.2478
EURUSD
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benaiah replied Dec 1, 2014A little bound off 118.50ish area. So far, bouncing it's way up. Current support is 118.39, where price is currently trading. Look for it to reject this. I'll then be looking for a push through the 118.50ish level, and rejection of it, then ...
USD/JPY Discussion
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benaiah replied Dec 1, 2014Yep, wish I could ride the trends a little longer term. I just have a hard time with those retraces erasing profits
I always look at historical trends in various pairs, and see how much could be made, by simply adding to positions on ...Geppy's Geppy Thread (GBP/JPY)
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benaiah replied Dec 1, 2014Indeed. I started thinking, after playing the range a bit, it might be a little more relaxing for this pair to just hold and target 189
By the way, good to have the thread starter (you) here. You seem like a solid trader from what i've seen of ...Geppy's Geppy Thread (GBP/JPY)
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benaiah replied Dec 1, 2014
I too am long on this pair, awaiting the breakout... Or I should say, awaiting the continuation of the breakout, imo. Since I view it as already broken out on H4, and D1. Of course, it could fall back in the range, but lower time frames ...Geppy's Geppy Thread (GBP/JPY)
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benaiah replied Dec 1, 2014My view has been, that this pair has been in consolidation for past couple weeks. So, I did see the potential for short opportunities. But, for me, easier to wait for retrace to finish, and go with the trend. But I think only natural to prefer long ...
USD/JPY Discussion
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benaiah replied Dec 1, 2014Right now I see UJ the same as I see GJ. Consolidating, and looking to go up. I see no justification for shorting either pair. 117.845 is the bottom for UJ. Up from here.
USD/JPY Discussion
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benaiah replied Dec 1, 2014I see many jumping in short now. So, I guess it's time to go long.
Seriously though, 2 H4 closes subsequently higher than consolidation. And now very bullish looking consolidation on lower time frames. I can't see any justification for going ...Dragon Riders GBP/JPY
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benaiah replied Dec 1, 2014Keeps finding support rather than breaking support. The longer it consolidates at this level, the more likely it is to breakout long.
USD/JPY Discussion
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benaiah replied Nov 30, 2014Still watching EU/GU looking like they want to go up. However, UJ has not broken the first level of support on this "pull back". For UJ, 118.762 showing support. Unless it is broken, will try and punch higher...
USD/JPY Discussion
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benaiah replied Nov 30, 2014I expect EURUSD and GBPUSD to make their little run up while USDJPY pulls back, and GBPJPY remains in consolidation. Once EU and GU turn back, look for a break out long on GJ and UJ...
USD/JPY Discussion
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benaiah replied Nov 30, 2014I still would not short this pair without hedging. EURUSD and GBPUSD both on downtrend, and I don't expect them to turn around on a dime. Also, GBPJPY looks very bullish in consolidation, which usually pretty closely matches USDJPY in direction...
USD/JPY Discussion
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benaiah replied Nov 30, 2014Also, look at EURUSD, ready to move up, and GBPUSD as well. USDJPY will take a breather now...
USD/JPY Discussion
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benaiah replied Nov 30, 2014118.968 is the prior high. So far not a 5 minute close to match this. Came within .001 pip, so close, but no dice. Seems like bears are protecting this level for now...
USD/JPY Discussion
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benaiah replied Nov 28, 2014Great bullish move
It has helped me see more clearly the boundaries of this consolidation. For the past week price has made 2 lower lows without having made a higher high. That does not speak to resumption of upward trend yet. If it does ...USD/JPY Discussion
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benaiah replied Nov 27, 2014118.29 was the last level of the fib retracement of the latest bearish move down from the high around 119. Price couldn't touch it with this spike. 2 tries. 2nd try was really weak. About to make a third try. This should indicate how much momentum ...
USD/JPY Discussion
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benaiah replied Nov 27, 2014I think it has already peaked this time around. I guess we'll see...
USD/JPY Discussion