As you can see, UJ is still drawing a pretty cup formation. Now comes the hard part. Climbing that steep wall in a short period of time. Will it do it. I´m still holding on for the ride.

USD/JPY Discussion

Here is today´s chart. Everything remains positive for the longs. The channel wall and RSI trendline still intact and today marks the 9th day in a row where the low of the day is higher than the low of the day before. This is a strong bullish sign ...

USD/JPY Discussion

Normal technical rebound. Risk assets have gotten killed the past few days.

USD/JPY Discussion

But I don´t expect we will creep up that bottom line. I expect we will jump to the top wall in the next few days which is 200+ pips higher. What will be the trigger? Probably the US employment report on Friday. I think it will be surprisingly good ...

USD/JPY Discussion

Yes. It is the bottom one of the 3 pink lines. Right now it is at 76.51. Of course, it will go higher every 4 hours with each new bar.

USD/JPY Discussion

From your posts I conclude that you and I are in some way tapped to "The Force". We are seeing and feeling the same things. Let´s hope we are both correct.

USD/JPY Discussion

This one is easy to hold. Just stand patiently and sell ONLY if the closing price breaks the bottom wall of the channel on the chart I posted this morning (H4). I´ve looked into the future and it just so happens that the bottom wall will be at ...

USD/JPY Discussion

Yes, indeed. Golf is my passion.

USD/JPY Discussion

As you can see on the H4 chart, the bottom wall of the channel has been attacked repeatedly during the past 20 hours to no avail. The wall is holding as well as the RSI trendline which shows another bullish divergence with price. I expect a strong ...

USD/JPY Discussion

Yes. That´s my strategy exactly.

USD/JPY Discussion

Here is the chart. Still looking good. RSI trendline and price channel is still intact. I would have preferred the 200SMA to hold (Blue line) but such is the nature of this beast. It is very volatile indeed. This looks like another opportunity to ...

USD/JPY Discussion

This is why I consider USD/JPY to be a historic opportunity to make a fortune in the next few years: url

USD/JPY Discussion

I agree with you completely. The time to jump in if you´re not in already is right at breakout which is now. You should hold while going up and keep raising your stops below the last major pivot point, while leaving plenty of room for it to move so ...

USD/JPY Discussion

I can´t believe you sold. You said you would hold till 77.30/40, where I mentioned the first minor resistance was found. Well, I´m sorry you missed it. In this game, you must have the courage to follow your convictions. It´s hard to make the big ...

USD/JPY Discussion

You may be right, but I firmly believe in specialization. I concentrate on just 4 items: EUR/USD, USD/JPY, and Gold and S&P500 futures. Those 4 keep me more than busy for the entire day and part of the night. I find that when I stray into other ...

USD/JPY Discussion

I assume you mean the chart by the red and green indicator so here it is. This is the H4 chart. We are attacking the 200SMA again right now. Seven times in the last couple of days. I have a feeling this time it breaks it. Then we need to test it ...

USD/JPY Discussion

That´s exactly right. Today and next week we finally should reap the rewards of our patience.

USD/JPY Discussion

Here is the monthly chart. I use Heikin Ashi candles so they look a little different than yours but here is the point I want to make. I Placed an arrow in the exact spot where the bar for the month of October crosses the wall of the 4+ year long ...

USD/JPY Discussion

Yes. Also the Doji candle we are building for Sept with one day to go is very meaningful on the monthly. especially combined with the third consecutive RSI price divergence on the monthly chart (1st in 11/2009, 2nd in 10/2010 and now in 09/2011). ...

USD/JPY Discussion

Here is the daily chart. I hope to relieve a little bit of your stress. There is clear sailing until we get to the 60EMA which coincides with the spine of the channel at 77.30/40. It may stick there for a day or two, but I think we will clear it and ...

USD/JPY Discussion