Dakota2

Dakota2

Look for the downward edge to reverse around 104.500

Dakota2

Look to buy at 104.700

Dakota2

I see this going down

Dakota2

CHART WILL BE UPDATED

Dakota2

Look for this pair to continue to its 99-100 range

Dakota2

Today is the worst day for any investor, At 2:00 the fed will make the bank rate decision. We all know it'll be around .25 but no one is 100% sure what will happen. One thing we know for sure is that the market will react negative to to anything indicating tapering. Short play right now seems like the best course, Todays GDP figures helped the pair get back on...

Dakota2

For awhile now I have been using this method of trading with some great success. It works off the basis of lagging and trailing lines. I set my lagging lines to be 50 and 100, This establishes where we have been. My trailing line which I set on 10 which shows where we are going. It is simple to understand but Hard to use under times of false break outs. Use with...

Dakota2

1000 EMA is breaking through 500-100 span, If this happens a major downtrend could form.

Dakota2

1000 EMA is breaking through 500-100 span, If this happens a major downtrend could form.

Dakota2

This pair though volatile is quite repetitive, I look to see it enter another triangle formation.

Dakota2

This usdjpy almost feels stuck in a loop of triangles, Today we had a major triangle break and then secondary support. I believe we will see some uptrend when trading begins next week. Watch for the next two breaks, The closer we get to the outside of the larger triangle the more likely the pair will break upwards.

Dakota2

Intraday has been a mad house, Ups and downs, I think the market is trying to decide which way to go. For now I can assume it will retract back to the red line for sure, Time will tell if its going to go into a major bear cycle.

Dakota2

Short position made looking for a major down trend

Dakota2

Abe Shinzo was elected last night, and he is promising major economic changes. Below is the usual monetary policy we investors SHOULD understand. 1.- Quantitative Easing : the BOJ (Bank of Japan) leaves the interest rates near 0% and makes the money flow to commercial banks to create excess liquidity with the objective of promoting lending. With this objective,...

Dakota2

Trading by a different technical on this one. I assume that the downtrend will continue then break..

Dakota2

Notice the down trend from one to two, then the slight channeling then another major down trend, I foresee at least one more down trend spike before END OF DAY

Dakota2

Taking a short term long position.

Dakota2

I have been using this as a trading model for awhile. Its not perfect but markets act in cycles and those cycles are always acting towards equilibrium. The forces causing markets to downtrend can be seen as more a social problem than an economic problem. Upon hearing the news that Abe Shinzo had one the elections in Japan I shorted USD/JPY, I knew that given the...