Discuss the USD/JPY with a DailyFX Analyst - Page 11

Terri Belkas · #**151** (**permalink**) 07-17-2007, 02:45 PM

Quote:

Originally Posted by fxtreme

USD/JPY pair is indeed getting bullish 122.34-39....

Fxtreme

I agree, and I think we could see a move up to 123.50 over the course of the next few days. This could possibly even happen tomorrow if we see some highly bullish US economic data or commentary from Bernanke...

#**152** (**permalink**) 07-17-2007, 07:08 PM

Quote:

Originally Posted by arco

Hi Tony/All

Forgot to mention.............

Gann overhead 122.26/31

rgds - arco

Hi arco - for your interest

I work within what we can call a 7-day time cycle with regard to this pair. My price/time lines are constructed on the same principles as adhered to by Gann, your mentor. Some folk call them dynamic price levels as opposed to the static variety that I call math levels. Yesterday, thanks to your post making me inquisitive, I discovered that fixing my P/T lines on the NEXT time cycle node (not the previous) make them even truer to showing upcoming res/supp. I attach a snapshot that doesn't show everything, but enough to show last night's stopping points. So of the two kinds of level, static and dynamic, both are extremely important. I don't forget either, that the bank traders hold to Fibo levels and standard industry day pivots religiously, so I keep an eye on these. But the horizontal variety are certainly not the whole story, and the dynamic ones MUST pertain to a time cycle and a time frame. I find multi-hour charts good enough for constructing them.
Best wishes.

"By the Law of Periodical Repetition, everything which has happened once must happen again, and again, and again -- and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law. The same Nature which delights in periodical repetition in the sky is the Nature which orders the affairs of the earth. Let us not underrate the value of that hint." - Mark Twain

arco · #**153** (**permalink**) 07-17-2007, 08:50 PM

Hi Tony

Thanks for the explanation and chart. What charting package are you using for intraday?

As an ongoing task I am always trying to improve Gann accuracy, and experimenting with combining the static with the active (dynamic), plus taking into consideration the timing factor. All my Gann calcs are presently calculated on EOD

Have you done any experiments with Sq of 9 ?? (Price/or Time).

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

As mentioned yesterday - Gann overhead 122.26/31

EOD close 122.35 so yesterdays Gann resistance held, and I went ( blind) short off the Gann at 122.30 - currently + 40 but watching that uptrend line that may form a Sym Tri.

Active Gann pivot could be back to 121.94 - which is a powerful point (Static 121.88).

GT - arco

arco · #**154** (**permalink**) 07-17-2007, 10:28 PM

short off the Gann at 122.30

...............out +46

will review position if action break TL

arco

arco · #**155** (**permalink**) 07-18-2007, 01:57 AM

121.66/121.94 are the Gann areas to watch (as potential pivot points) IMO

Target below 121.24
Target above 122.30, 122.97

GTA - arco

hussin naiji · #**156** (**permalink**) 07-18-2007, 03:43 AM

hi with dealers following previous my post reason isnot for weakening yen.i belief that u/j down t 121.30 or even under 121.00 but maybe a retrence until 121.98 and down 121.30 bibi and have a good deal

#**157** (**permalink**) 07-18-2007, 11:03 PM

Quote:

Originally Posted by arco

Hi Tony

Thanks for the explanation and chart. What charting package are you using for intraday?

..its just a bog-standard java chart from IT-Finance

Quote:

Originally Posted by arco

Have you done any experiments with Sq of 9 ?? (Price/or Time).

..I know everything about it. It is basically a number calculator true to cosmic vibration and a map by square root progressions. But whatever you want to know specifically must be by direct e-mail, not on the public forum.

Quote:

Originally Posted by arco

As mentioned yesterday - Gann overhead 122.26/31

EOD close 122.35 so yesterdays Gann resistance held, and I went ( blind) short off the Gann at 122.30 - currently + 40 but watching that uptrend line that may form a Sym Tri.

..You did well. The high failure was within nano-cycle periods, and only predictable from the momentum fall and price/time resistance. The price pattern was also an aid in the small minute charts.

Quote:

Originally Posted by arco

Active Gann pivot could be back to 121.94 - which is a powerful point (Static 121.88).

GT - arco

Look for a failure on a high at 5:15GMT. But the range is tightening.

Regards
Tony

arco · #**158** (**permalink**) 07-19-2007, 01:28 AM

Hi Tony

There is no contact info in your profile, so if you
are interested in discussing Gann, etc, please e-mail
me on arcoshares@hotmail.com

rgds - arco

Engenhus · #**159** (**permalink**) 07-19-2007, 07:42 AM

There could be a short-term breakout. Let's see...

Terri Belkas · #**160** (**permalink**) 07-19-2007, 09:44 AM

Quote:

Originally Posted by Engenhus

There could be a short-term breakout. Let's see...

I noticed the same thing, but my scale is a little bit bigger. Looks very similar to the consolidations we're witnessing in other USD pairs including EURUSD, USDCHF, USDCAD, etc.

Watching and waiting

Engenhus · #**161** (**permalink**) 07-19-2007, 11:50 AM

Quote:

Originally Posted by David Rodriguez

Welcome aboard, Engenhus.

Thanks!

Quote:

Originally Posted by David Rodriguez

P.S. Is it possible for you to include the time and period information on your charts? It is difficult to tell what type of bar intervals you are using.

Sorry. I excluded some information that I thought it would be confusing and forgot to include TF. It was 30m.

#**162** (**permalink**) 07-19-2007, 09:58 PM

Quote:

Originally Posted by Kate Stewart

This thread is dedicated to the USD/JPY and will be moderated by a real DailyFX Analyst who will post news, research and anything else that pertains to this pair. Please feel free to express your opinion about what direction you believe the market will take and what you think about the research presented.

Kate Stewart

Hello - I want to complain about rexyben99 who has put an ad for ---- Signals on every thread. Have never seen any input from this ID before.

As matter of interest, I took free signals for a week and was not impressed.

#**163** (**permalink**) 07-19-2007, 10:12 PM

Quote:

Originally Posted by Terri Belkas

I noticed the same thing, but my scale is a little bit bigger. Looks very similar to the consolidations we're witnessing in other USD pairs including EURUSD, USDCHF, USDCAD, etc.

Watching and waiting

Hi Terri, I know it looks exciting. It is a typical price pattern that ends the 28.8day price cycle on this pair. You have seen it five times since March. This current sub-cycle began on July 11th after midnight, London. In a larger upswing, it would then shoot right up near the previous high and consolidate for a breakout to new higher levels. However, I believe (and may be proven wrong), that there is a larger cycle downswing in control that will constrain this pair into September. Although price will rise somewhat, as a new sub-cycle kicks in, it could then appear to fail and suffer a sharp fall.

Additionally, today Mars aspects sextile with Uranus. We may see a high swing established.

Kate Stewart · #**164** (**permalink**) 07-20-2007, 09:00 AM

Quote:

Originally Posted by John Kicklighter

I've gone through the forum and removed their posts. Thanks for the heads up terton!

Thanks a lot John and Terton! I have banned their IP and emails before and they even contacted us about it. We explained that they need permission to post but seem to not want to understand that. Just let us know if you see it again and we will continue to delete and ban them.

Happy Trading!
Kate

Hoftman · #**165** (**permalink**) 07-20-2007, 10:52 AM

Quote:

Originally Posted by Antonio Sousa

The US dollar is losing its yield support against the Japanese yen and we may see the USD/JPY trading below 120 in the weeks ahead

Below, you san see a graph with the yield spread between US and Japan on 1 Year deposits.

Antonio...

I practice 3-Point Investing within a swing/position trading focus... my analysis derives from objective fundamental macro-economical calculations (weights 1/3 in the decision making process), statistical and technical analysis (weights 1/3 in the decision making process), and public mid to long-term opinions by very respected and well known "outside" market participants and analysts (weights 1/3 in the decision making process)... and this particular chart you posted is my most relevant "fundamental".

I totally agree with your direction, yet my target for the move goes just a bit lower.

Hoftman.