USDJPY

Once this finish above 84.17 we will have rounded bottom here with possible target about 91.10
or it may form another big cup and handle when we retrace a bit now.
Anyone see it the same way?

Im waiting to see what happens when the next candle appears. If it does finish with a shooting star then will be closing my current longs if it goes below the shooting star.Also will look to short this half way up the shooting star with a stop just above.
Obviously its all down to how this finishes.

Thanks gclark25, if only I could live up to your high praise!

What do you guys think about today's candle on this pair? It's looking a lot like a shooting star but it didn't quite hit the 84.17 resistane and my orders (which were short of that level but over 84.00) didn't get hit (Grrrr!):



dl.dropbox.com/u/20815047/USDJPYdaily14_12_12.gif

I know we need to wait for close to see how today's candle closes but I'm wondering if the old round number reistance came into play here and the uptrend is complete?

Thoughts welcome...

Absolutely fantastic thread guys.

Jackozy - I tip my hat sir. Not only are you a fantastic trader, but you have the humility to take you so much further - a constant thirst for knowledge, and the humility to listen to others and learn from those, no matter what "level" of trading - you understand there is something to learn from everyone. Your clear explanations and the time you take to interact is terrific to see aswell.

KI - Already said it before, and I was sorry to see you leave the other forum i'm on, you know your shizzle. I Enjoy deciphering your messages. Alot can be learned from you.

Rossy - You also added to the thread. It seems like you are coming on leaps and bounds also, and its great to see. Don't lose that thirst to learn.

Remo - congrats on the site. I can see how much some are taking from it, it offers things that the iii.co.uk can't offer, and I hope you are enjoying and taking from it what you foresaw all that time ago when you were dreaming the site up.

Was just going to post the very same!

This one looks like its finally resuming the up trend by breaking out of the flag continuation pattern.
Obviously it has to finish the day above the flag to be a comfirmation



DYOR