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- CounterTrend replied Mar 2, 2008
Dare with me? 1.54 then 1.45
I think though, gold will breach 1000 very likely this month. Which will support aud.. maybe?USD/JPY Discussion
- CounterTrend replied Mar 2, 2008
Yes david, light volumes. Asia is very calm, not as i expected after friday shake.
EURUSD
- CounterTrend replied Mar 2, 2008
You said it ..a break below .90 for confirmation. Can't really bet its double top now, too early for this call. I am still holding longs and looking for a new high above .95 to complete a 5th waves rally. The potential reversal zone is 0.97/1.0. I ...
AUD/USD
- CounterTrend replied Mar 2, 2008
Anyone noticed? AUD flyed higher with Euro neck-to-neck but when euro eased, aud eased. Although JPY was strong. It's just broad based usd weakness.. now its midrange.
USD/JPY Discussion
- CounterTrend replied Mar 2, 2008
I do not want to ignore the fundamental issues in the mkt now, but seriously this wave down was fully expected by the majority (towards 100 level and then towards 90/95).. call it madness, yes its madness. but the market will get there in weeks, ...
USD/JPY Discussion
- CounterTrend replied Mar 2, 2008
Euro will test highs up to 1.54/1.55 area as final stage of this short term uptrend. I am not buying.. I will be taking a counter trade from those levels with wide stop instead. I really do not see the euro gaining this month beyond 1.55. It's only ...
EURUSD
- CounterTrend replied Mar 2, 2008
USDJPY is moving lower is on risk aversion, and high yield trade unwinding. AUD and NZD are down, this tells you the answer. If AUDUSD and NZDUSD go up then its usd weakness. Not what is happening now
USD/JPY Discussion
- CounterTrend replied Mar 2, 2008
There is score for 101/102 for sure. But maybe its time for any minor bounce to clear those oversold intraday levels.. same thing goes with usdchf. They are moving without any respect to oversold levels especially the swissy. This tells me one ...
USD/JPY Discussion
- CounterTrend replied Mar 1, 2008
There will be no hope of a bounce in usdchf until carry unwinding calm. USDJPY goes up so USDCHF goes.. and EURCHF goes.. but if carrry unwinding continue, do not expect any bounce in USDCHF. Monday will be interesting. Perhaps losses will be ...
USDCHF anyone?
- CounterTrend replied Feb 29, 2008
Actually I am a bull from lows in audusd now, and targeting 0.9500 again. Maybe I am wrong, but RBA hiking I will check my counts again, If I am wrong I will break even.

Another carry trade crash?
- CounterTrend replied Feb 29, 2008
Shame yes, EURAUD exploded in a very weird time. But its friday, life goes on.
Aussie Pairs
- CounterTrend replied Feb 29, 2008
Will we get any fib retracement? I closed earlier short at around 104.30 when 104.20 stalled the move but here is the break. I eagerly await 104.50 even
USD/JPY Discussion
- CounterTrend replied Feb 29, 2008
Hearing talks that BOJ will...do this and that to stop jpy strength. This is fundamental cloud. I hope no one gets shy shorting the usdjpy cause of this. The pair is heading to technical targets and BoJ won't do anything to stop the gains. LOL

USD/JPY Discussion
- CounterTrend replied Feb 29, 2008
I didn't reload euraud longs, but i longed audusd, tp 0.9500 last wave high.
Aussie Pairs
- CounterTrend replied Feb 29, 2008
I think AUDUSD will go above 0.9500 next month, but its pretty much forming a great top. Yes, pretty much. I'd say audjpy audusd, usdjpy will decline in really sharp way in coming weeks / months. However, an upleg is missing in aud, it might or ...
Another carry trade crash?
- CounterTrend replied Feb 29, 2008
No no, usdjpy might rally next week in what will be seen as selling opportunity. Again, this is wave iii of 3 and expected to continue until 101/100
USD/JPY Discussion
- CounterTrend replied Feb 29, 2008
Oh 1.5700 is quite off the possible here. Maybe thats very long term but well.. I am looking for eurusd to top out soon, way below 1.57. At least, we are completing a 5 waves up. A corrective a-b-c must follow from 1.53 maybe or 1.54 Anyway, next ...
EURUSD
- CounterTrend replied Feb 29, 2008
Hehe, I think its the end of week, time to book profit either side. Just do not let it run against you

USD/JPY Discussion
- CounterTrend replied Feb 29, 2008
I quite lean towards this trading style. A full margin 5-10 pips are worth that 100 pip trade someone might be taking. Actually, by looking at the chart we can find many exploits
EURUSD