Why is that your ultimate target? What's a few hundred pips on a yearly position trade? Do you feel that is its true value? What if the market feels its true value is higher? I mean no offensive whatsoever here but have you ever heard the saying ...

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thats freakin genius does that only work for retracement?

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yeah i closed it @ 20, i wouldnt hold it without a HL or double bottom. TONS of hidden bearish divergence Could put in the double bottom here though

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Yen over extend itself but have no doubts she going to weaken

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Don't know I'll let PA tell me But to go higher have to break above the old support 24/25

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haven't seen you in this thread before nice of you to stop by PT where are you short from and whats your target? (you said lower than 1.2440)

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i longed 1.3012

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Thing about the divergence indicator, you won't get to see the divergence until after the 2nd candle has closed. So you still need to be able to spot them manually to be able to get the best of entries. I don't know why this indicator fails like ...

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hidden bearish divergence has taken over, thats what i meant about a rally likely not being able to sustain itself after such a deep and heavy (not slow and steady) retrace

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sorry didnt specify. i am looking long term! definitely think yen weaker i just was taking profits, and will re enter again if going for long term you don't need to get fancy and take profits...infact it will cause you to miss a large move sometimes ...

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glad i took a break...i see i missed even more chop. smoked some good green.. got my emotions under control now

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Yeah its the worst! At least took half profit @ 80.. back later (nothing worse than trading in frustration/anger) edit: found the culprit for all this chop..

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CHARTS ARE SO UGLY... I need a break.. Today is not my day even though its been slightly profitable (15 pips net...lol) frustration to the maximum 40+ pips left on the table thus far today I'm literally sitting here yelling "what the ****" at EU... ...

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this price action is so ugly... not as bad as yesterday but still quite bad

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Yeah we are at support now But retrace larger than the rally typically not good sign for continuation of a move. edit: i guess that was just shy of 50% so wasn't larger than rally

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you know i really hate when the market goes straight one way, then reverses straight the other way no retrace on the way up and none on the way down yet.

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yeah bears seem to have taken over... i closed on yen @79.15 even with BOJ easing it was overbought short term

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Can't tell if London wants bear or bull.. Still feels like bull but going to be a tough uphill battle for sure.. that 80/85 rejection was no good at all.. Perhaps just stuck in range today... Sitting on daily pivot right now

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was buying, out -5

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add half back @ 3072 tight stop

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