[pipMonster]

Very nice pattern call outs on the above charts, Torero!

I hope your trades do well for you. Thanks for your input on the forum. I'm picking up quite a bit from your style of trading.

[torero]

Glad you're finding it useful. I try to keep it simple despite not seem to be. Either they work or they don't.

I'm still waiting for the downturn to of the EURJPY to go short.

[torero]

Looks like this thing threw a curve ball. I didn't see a chance to short but I was asleep when the breakout to the upside occurred. Now sit and wait for pullback.

[torero]

Here's the monthly chart of USDJPY, looks like it's break the long-term downtrend.




On weekly, the picture gets clearer with an inverted HnS at play. I'm still watching the long term resistance 121.39 area. If it get past this level, and make its first pullback, I'll be looking for a long entry there.

[Anna-Maria]

It's pulled back 38.2% of the days shunt, currently snoozing at the 121.20 level torero.

Looks like it'll sniff the big weekly fugure @ 122.0 if the $ boys get their way.

Some pretty heavy supply lurking up yonder though, so that could well see one or two fist fights!

[torero]

I wasn't expecting the resistance on USDJPY to roll over and die seeing how important it is. Prices didn't hold above very long.

I'm still short EURGBP but heck it's slooooooowww. Almost 12 hours holding and it moved 5 pips.

[Anna-Maria]

$/Yen still contained within the 23-38% boundaries of y'days H-L so far torero huh? Today's Pivot also shouldering it into today's close.

The Franc is the only one which has offered (us) a clean trigger thus far today, popping off our favored 78.6 of y'days activity, but it's still well blanketed within the week long slop underneath 2500.

A sluggish end to the week by the looks.

[torero]

I'm not stopped out EURGBP so I'll hold it over the weekend. This is the farthest I've gone with futures or forex, holding over the weekend. Going where no torero has gone before LOL.

Have a good weekend all! With luck we'll have little less conversation (news) and little more action (volatility or trends) next week!