UsdJpy - trading the Twin Towers

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deadbroke

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continuation ......

Long UsdJpy @ 76.404 STOP @ 75.411

pending order ... Long UsdJpy @ 78.329 STOP @ 75.411
 
Weekly shows the scope of the move ...


Once past 80.7 the rocket lifts off

once past 85.8 the northbound rocket will accelerate

expected target is at least 105.85
 

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reversal on daily is my premise for adding to Longs as and when proven right. More additions to come along the way, major one will be when the 200-day m.a. (green) is taken out (especially on retest and blast-off northbound)
 

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the basis for 1H entry/addition to Long besides simple accumulation ..... legitimate breakout or only a fakeout? If the latter, an occupational hazard. :)
 

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No change, everything as-is.

Waiting for the inevitable WAVE 3 rocket move northbound.

Reminder

4H trend is UP.

Daily already give the reversal signal back in early November.

LONG is the way to be.

Patience is a virtue.

Dyin ain't hard for men like us, its livin that's hard. ;)
 
4H trend has reversed to the downside as the 200 m.a. on 4H has failed. 61.8% of overall retracement about to occur, perhaps might go lower to 78.6%.

Daily trend is still up.

Positions remain as-is, no change despite .....

Losses increasing rapidly NOW. The STOP, as stated earlier remains at just below the Oct 31st low.
 
No change in positions, no change in stance, no change in expectation for huge, huge, huge rally.

Only one thing is certain - I am losing money on my plays here but still holding all LONGS

STOP remains at 75.411
 
Slingshot odds increasing - all positions still as-is. No change in assessment that DAILY trend has reversed to the upside after a loooooong downtrend. If this turns out to be true and correct I will have cott the BEND IN THE TREND aka TREND TRANSITION
 
4H Macd breakout to the upside seems to have occurred.

A 4H wave 1 up and now a wave 2 down also seems to have occurred.

The only certainty however is that my LONG positions are underwater.
 
UsdJpy 4H

Take the LONG on trendline breakout as shown as soon as it occurs and put it under the mattress.
 

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deadbroke said:
UsdJpy 4H

Take the LONG on trendline breakout as shown as soon as it occurs and put it under the mattress.
Click to expand...


Took it - even in the face of disappointment being my only friend and the 78.6% Fib just below attracting Price like a magnet.

Lord, if you're watching, how much pain is a simple man supposed to endure?
 

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A 3-4 inch 4H bar will suddenly materialize on the screen and it will be of the color green and nobody will have the guts to accuse her of being like

the lady named Greene
who grew so abnormally lean
so flat and compressed that her back touched her chest
and sideways she couldn't be seen


:whistling
 
Hopefully the breakout I have called, the previous errors notwithstanding
 

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And now another major trendline has been taken out on 4H.
 

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I think it will retest 77.10 area+ again. I will be bullish if weekly bar close above 77.60+
you can the new trendline where the breakout begin.
 
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