AUDJPY

[arco]

Update

The grey zone caused some initial resistance as expected - at the 2nd attempt a break through was achieved. Green Chikou is almost through the plot, and Kumo (cloud) base looms ahead - it appears AY will visit this area for sure (blue box).

Ichi signal has given circa 560 pips from original entry point so far

arco

Action entered the Kumo as expected (blue zone). Max take so far circa 800 pips.

arco

 

[CanOz]

Whooosh, off she goes, where she stops, nobody knows.....one thing i know is she took off without me! Patiently waiting for the retracement now!

Cheers,


CanOz

 

[BentRod]

Yeah same on AUDUSD and EURJPY Cannie.

Similar ascending formation on USDJPY, I'm watching that one for signals on where the rest are going.

 

[flipztacy]

Anyone still bearish on the aud/jpy?? anyone still shorting this ?? if so wats how long can the aud/jpy go....i was xpecting more of a sell off today due to larger then expected interest rate cut...

 

[BentRod]

Anyone still bearish on the aud/jpy?? anyone still shorting this ?? if so wats how long can the aud/jpy go....i was xpecting more of a sell off today due to larger then expected interest rate cut...

I'm still short from the 72's

As for how long it can go??

Well it could keep going to 100 for all we know.

Look at the daily chart to see the massive swings in this pair.

 

[arco]

Morning All

Bullish Kumo on the leading edge

73 or even 77 a possibility........

LT Ichi trade still performing................max 1050 so far.

GTA - arco

 

[CanOz]

My Amibroker with Pattern Explorer Ichimoku produced a nice signal yesterday on the same pair Arco. I've been watching it as much as possible, but i only have AB at home.

Nice trade.

Cheers,

CanOz

 

[arco]

CanOz

I checked your chart against my 30m and can report no noticible difference

Seems like you've done a good job on coding.

rgds - arco

 

[Indie]

Anyone still bearish on the aud/jpy?? anyone still shorting this ?? if so wats how long can the aud/jpy go....i was xpecting more of a sell off today due to larger then expected interest rate cut...

Equities rebounding hard atm. Lately this seems bullish for AUD. The steady stream of bad news will eventually overwhelm any equities rally so I would expect JPY to come back with a vengeance.

 

[CanOz]

CanOz

I checked your chart against my 30m and can report no noticible difference

Seems like you've done a good job on coding.

rgds - arco

I didn't code it, i just bought it, its an add on. Very handy add on.

I must say this Ichimoku stuff is very interesting....i see some cool correlations to fibb numbers at times too.

Keep it coming, i just learning new stuff like this, and then applying good trade management to it.

At the end of the day, it doesn't matter how you pick them anyway, as long as it makes you happy.

Cheers,

CanOz

 

[Aussiejeff]

Today -

------------------

BOJ Helpless as Yen Rises on Carry, UBS, Barclays Say

Nov. 6 (Bloomberg) -- The Bank of Japan may be powerless to prevent the yen from rising to a 13-year high, according to the world's biggest foreign-exchange traders.

Deutsche Bank AG, UBS AG and Barclays Plc predict the yen will recover from its steepest weekly decline since 1999 as investors reduce carry trades that fund purchases of higher- yielding assets by borrowing in Japan. The currency will appreciate to 90 per dollar from 98.09 today in New York even if the Bank of Japan intervenes to stem the biggest annual gain since 1998, they said.

"Once the market realizes that we're now in a global recession, there's further deleveraging to come,'' said Geoff Kendrick, a senior currency strategist in London at UBS, the second-biggest trader in the $3.2 trillion-a-day market. "Traders are capitulating after five years of bets against the yen", he said in a Nov. 4 interview.

---------------

Full article here - http://www.bloomberg.com/apps/news?pid=20601109&sid=aJ.S4s.NPFWo&refer=home

Could be more pain on the horizon for the lil' Aussie bleeder. RBA might have to "intervene" a few more times yet?

BTW, anyone got a clue as to exactly HOW MUCH of our hard-earned the RBA spent on the $AUBananaBuck in its recent buying spree?

 

[CanOz]

Finished up with a nice little trade on both the AUD pairs last night. We'll see if we get a repeat tonight.

Cheers,


CanOz

 

[Wysiwyg]

Trying hard to lift from 64 in the last hour but gaining some momentum now.Must be athat 1min. triangle breakout attempt.

Yippee.:

 

[Wysiwyg]

Trying hard to lift from 64 in the last hour but gaining some momentum now.Must be athat 1min. triangle breakout attempt.

Yippee.:

It took about 20 minutes from posting to having my stop at 6385 touched by 1 tick.Nice work fellas.Hope a thousand fleas infest your bed.

 

[Aussiejeff]

It took about 20 minutes from posting to having my stop at 6385 touched by 1 tick.Nice work fellas.Hope a thousand fleas infest your bed.

Ha!

I'll see your bet and raise you another wad of RBA guaranteed BananBuck$!!

Take that, you yella-belly Yen yankers!!!

 

[Whiskers]

It took about 20 minutes from posting to having my stop at 6385 touched by 1 tick.Nice work fellas.Hope a thousand fleas infest your bed.

Ha, ha... well, I might have a couple of fleas thanks to my cats, but at least your stop worked.

I finally made the move and opened a $50,000 practice account. First trade 1 lot AUD USD, then 5, then 10, all profit pretty quick.... got thinking huh, this's easy... switched to AUD JPY for something different... start 5, then 10, still all winners, balance now K70 odd in a few hours... ok let's see how quickly I can double this.

Took a 20 lot short on a little wave 4, set stop... but stop didn't work on practice account, bugga, oh well the last wave shouldn't go far, I'll just let it run ... topped up short a couple of times... bugga, spiked a bit higher than I expected, margin call, another... sh*t, about four or five more little ones before it finally topped out and started going the right way.

Phew, that was close... knocked my equity down to abt K20 at one point... humm... have I got this count right... I think so, all my indicators still agreed... OK, gettin late, I'll just stop trying to be smart trading every swing and let it run out the 5 waves of 5 down from the hourly now that Yellow wave 4 has topped.

Equity over K80 a couple of times as the minor waves on the 5 min wander around... looking for somethin like .61 to close her all out, probably double my opening practice account in a day or so.

There yer go... my first forex trading diary.

Five min chart a few minutes old by now, blue dots entry last three trades (18.9 lots)... still holding to plan.

PS: Anyone dissagree with my count/target... it's really taking a low, long, trajectory now... sometimes wonderin whether/when she'll finally collapse to finish off wave 5.

 

[CanOz]

sometimes wonderin whether/when she'll finally collapse to finish off wave 5.

In one way or another i'm sure we are all wondering this Whiskers.

Keep posting, looking forward to seeing your approach to FX.

Cheers,


CanOz

 

[Wysiwyg]

Have fun with the practice account buddy.I was looking at various forex brokers and platforms and found this line highlighted in the extract below.Anonymous trading allays any doubt about stop hunters.Though the big hitters would be more likely targets than minor league players.

Dukascopy is a full ECN and has no dealing desk. Dukascopy offers live passed through interbank spreads from 0 pips on majors, over 100 Million liquidity per click, the biggest fx liquidity network of banks, hedge funds and brokers, slippage control, partial fills, market, limit and entry orders next to market depth, anonymous trading environment. Dukascopy does not pull out your trade (no stop hunters).

no stop hunters ... gotta love their honesty.

 

[arco]

PS: Anyone dissagree with my count/target... it's really taking a low, long, trajectory now... sometimes wonderin whether/when she'll finally collapse to finish off wave 5.

Hi Whiskers.

Nice start on trading.

I'm not the worlds best wave counter but as I remember

Wave 4 cannot overlap wave 1, except in diagonal triangles and sometimes in wave 1 or A waves, but never in a third wave.

rgds - arco

 

[CanOz]

Hi Whiskers.

Nice start on trading.

I'm not the worlds best wave counter but as I remember

Wave 4 cannot overlap wave 1, except in diagonal triangles and sometimes in wave 1 or A waves, but never in a third wave.

rgds - arco

On another matter, have you ever seen the price cross the kumo so many times recently Arco? No time to post, but suffice to say we are seeing some serious coiling action here.

Cheers,


CanOz