Diver... I had the same problem since the forum was re-vamped... You need to make your charts smaller before you take the snap shot.... They will come out clear if you make them smaller...
Actually, I'm looking to BUY at around 94.25 anticipating the upward triangle breakout. S/L at 94.00 under the wave a low.
Yes I understand, and I think thats a good setup, I may enter long with a small position also, But I still think if wave five is seen it will make for a good short entry on a longer term trade.
Here is my bullish daily count on USD/JPY (zoomed in). I view USD/JPY as having ended a major 5 wave sequence at 87.09. I see many of you labeling this recent rally as an ABC, but I think it may too soon for that both in regard to time and price. I think one's view depends on how to label the previous 94.62 peak and the "double bottom" at 87. My preferred counts are listed first.
I'm with Brad on a move toward 100, and personally I think much more, for a good deal of 2009. Is the 50% at 105.61 really out of the question? How about the 38.2% and the top of this channel that is developing? I may be out of my league here - so I'd like to hear any arguments for the bearish case.
Justy, I recall you posting a road map of where we were in the trend but I couldn't find it. I remember it looked like we still have a long ways to go down according to that... Could you point me to it or repost it?
Last edited by broyboy; 02-23-2009 at 07:46 PM.
Reason: resized chart
A 3-3-5 flat will end around 96.165. Could be a good level to short.
My target is a bit under 96.00. It's based on the length of wave 1 and the width of the wave 4 triangle and hopefully the upside breakout after wave E.
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Originally Posted by diver
I'm not sure why my charts are coming out so crappy. It used to work fine now I can't get them to post clear. ??? Using MW Snap and TinyPic.
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