Comments on: USD/JPY: Bullish break-out confirmed

By: Sean Lee

Sean Lee — Sun, 22 Sep 2013 20:49:43 +0000

Morning Araz, sounds like a perfect set-up for extended range trading. Too hard to pick the timing of ups-and-downs so best be patient and sell rallies or buy dips according to your personal bias. If strong technical signals are so mixed, then surely sideways probing until one side wins

By: araz

araz — Sun, 22 Sep 2013 19:18:54 +0000

hi sean.as i see you confirmed the bullish usdjpy.i have a question,2 weeks ago usdjpy closed on reversal candlestick pattern and last week it closed with continuous pattern, friday candle closed in bear confirm,and possibly there is a bearish head and shoulder chart pattern in D1(check the last 3 candles on weekly also).and in h4 timeframe we see sup of 99.17 (tested 2 times,it may break in third) and in up side of these candles shadows are not regular as they are in down side.but on D1 we have a white cloud cover in thursday which is a strong bullish signal.after all,does it mean more chance of bearish for this week ?
thanks

By: Sean Lee

Sean Lee — Fri, 20 Sep 2013 03:49:02 +0000

Rahul, I’ve felt this pain many many times and it never lessens 🙁 Yep, don’t chase, stay patient is easy advice to give but very hard to do

By: rahul

rahul — Fri, 20 Sep 2013 03:25:14 +0000

Sean , i cannot express my pain in words. i picked usdjpy the night of FOMC at 98 dot but got stopped out..i was a little nervous understandably with the dollar getting spanked all round, and now the pain to see this fly. got a wait for a pullback i guess.