Hi Uturn, You have some interesting charts out there on short term. Just one question, do you chart out EW on daily or 4 hr first and then churn out the internal waves within?. If yes can you please give me a 4 hr chart with similar counts as your ...

USD/JPY Discussion

Folks, My 2 cents view, If 2nd wave or B wave is over (didn't touch 50% by 3-4 pips) then the next support or TP (take some off) is at FE 38.2 fib (117.88 in my chart). Once the low is taken out, next target is FE 61.8 (116.84) and then FE 100 which ...

USD/JPY Discussion

What support is that 116.7 line in your chart?

USD/JPY Discussion

I will not risk until the low is taken out coz 50% was not touched. it can make a high above 119.55 imo. so be careful. The 1 HR si in oversold territory.. long way to go in 4hr.

USD/JPY Discussion

Look for 115.28-50 for next support

USD/JPY Discussion

i hope you long people have some sl's in place .. many accounts are going to the slaughter house today.

USD/JPY Discussion

I am glad that you learned something new today . I will take your sarcasm if you prove me wrong buddy!

USD/JPY Discussion

Liam, according to S&R , the next support is 116.45 and then 115.49 but once this retracement is over, fibs can calculate almost precise targets using fib expansion. Us index has just hit 50%. Lets see if it will go to 61.8. The new 4 hr candle has ...

USD/JPY Discussion

Liam, You might be right, but just be careful when you notice a possibility of a trend change. Fundamentals will follow technicals but it will take some time to sink in. I read in some site that the smart money had already started selling dollar 3 ...

USD/JPY Discussion

3 pips above the highest high in UJ 121.86 . I trade very low leverage, forex is not a get rich quick scheme. make your money slowly but consistently.

USD/JPY Discussion

I've been trading these markets for 12+ years. Joined FF in 2006 but not an active member. I do my trading mostly in silence. Last week i noticed a trend change is possible and while checking through these forums, i found so many people thinking ...

USD/JPY Discussion

I've been trading these markets for 12+ years. I joined FF in 2006 but am not an active member. Last week i noticed a trend change and when i checked, i saw a lot of people going long. so i thought i will put in my 2 cents to convince them to short. ...

USD/JPY Discussion

EU has done the same as UJ. It bottomed 1.2246 and did a 5 wave up. Now a deeper retracement happening just like UJ as a second wave down. Here is a chart

USD/JPY Discussion

That's a good view if you have the patience to wait that long. In my view UJ has finished 5 waves down, so thee is a deeper retracement considering the whole move from 121.84 to 117.43 as wave 1. Now there is a possibility of UJ retracement to ...

USD/JPY Discussion

Mk5, It's surprising that you are still curious. I've been screaming "BEAR" from way back and begging people not to buy. The reason for this is in post # 52927. I follow EW on usd Index as well since Uj and Dxy are so correlated, they ...

USD/JPY Discussion

I have managed to stand aside until now and will be aside until next resistance level (119.63) 50% fibo of the entire move. I have limit sell there. Dont want to risk like before. Definitely not buying !

USD/JPY Discussion

Why would you say FOMC would give us a new high? Other than NFP, most of the economic indicators have been weak for US. NFP printed higher number because a lot of temp hiring was done to accommodate the shortage of staff during the holiday season ...

USD/JPY Discussion

Sunsilk, Apologies for the late reply. I was AFK since i do not trade the retracements, i purposely stayed away from keyboard, coz i sometimes have itchy fingers From the start of UJ's descend, all the waves have been just normal. Elliot ...

USD/JPY Discussion

There you are ... patience is virtue,,, 61.8 is also hit. 5th wave completed. Congrats to those who shorted . Now expect a deep retracemet unless 5th wave decides to extend itself but UJ looks very oversold at the moment. here is the chart ...

USD/JPY Discussion

Folks, First target of 118.32 which is FE 38.2 is hit. Now to wait for 2nd target of 117.50. 2nd position is already at BE so a free ride. Can't really say a lot about these 5th waves, they sometimes get truncated.

USD/JPY Discussion