Tuesday 18th February

Good Morning,

I didn't post any update yesterday. I had a couple of errands to run and the buy trade netted almost 2% before stopping and reversing.

Look at the situation now. The Yen has given back all of the gains from this time yesterday and now looks very likely to fall.

The green ema is below the red, the red below the blue and the price trying to break below the purple.

This could be very bad news for the Yen. If the price can stay below 9.800 then there will be a crossover of the blue and purple moving averages and a new downtrend could emerge

I will update with possibilities later.

Monday 17th February

Good Morning.

We have a nice buy set up today which looks very positive for the Yen.

In the immediate term it's a little bit overbought but I will be looking for an entry around the 9.830 - 35 level.

Final Update - Friday 14th February

Hello again.

No retracement yet unfortunately, but a monster move on the short-term charts, with the Yen gaining 45 ticks or so.

Take a look at this now.

We have a slightly higher high in price from yesterday, but a slightly lower high on the RSI meaning possible divergence.

Look how the green comes back toward the red yesterday. that's the kind of thing to look out for on this over the next few hours.

Have a great day.

Update II - Friday 14th February

Hello once again.

As you can see from the latest chart the price did infact smash through the PP at 9.793 and boom, into orbit she goes, 30 ticks higher.

As we look at things now she's a little overbought.
There's the crossover of the red and blue already taken place, so what is needed now for a nice safe (re)entry is a pullback down to around the 9.800-9.805 level

Update - Friday 14th February

Hello again.

As we have just witnessed, with the green under the red and red under blue its a sellers market short term and this fell 20 or so. It's had it's little clear out of buyers I think and now it's getting ready for a big advance up. Maybe not immediately, but it does look as if it's completely rejected the little drop, has recovered everything lost and the green is creeping up back above the red.

Still not perfect because the red is still below the blue but once that gap narrows, the break of the PP is going to send this higher.

Friday 14th February

Happy Valentines to all you Lovers!

Yesterday, plan went as expected, only a lot sooner than I anticipated. I really thought there would be some more consolidation but it just went, without me unfortunately and has now come back nicely. The important thing is we did see the blue/purple cross telling us that the longer term up trend is now back for the time-baing

So on to today. Looks an easy one at 1st sight, but there's a little Yen weakness showing right now.
Green is south of red and red south of blue so it's a little waiting game for the next 30 mins or so.

I would only be interested in buying today at this particular stage, but I would like to see a break up of the PP at 9.795, then it's got clear space above.
On the other hand, should the price break south of 9.775 we could see yet another reversal.

I am favouring the up move as I said, and am waiting for a little more confirmation.

Both MFI and RSI  are trying to pick up the pace slightly and although this may not be a perfect set-up yet, I am tempted to place an order to buy at 9.795 level just so I don't miss the fun today.

I've taken NO trades this week in regulation hours.

Final Update - Thursday 13th February

Last one for today.

Unfortunately the price didn't come back to my desired 9.765 so my order was not submitted.

However, the set-up was pretty good.

Here's how you could have made a quick 2% on this move.


So we saw the price breaks up above the PP this morning followed by the crossover of green ema above blue ema 1st thing. This then dragged the red above the blue giving an indication of short term trend reversal heading north.
Price moves up to DR1 then stops, consolidates and waits for the green ema to catch up.
A small resistance level gets drawn and once that breaks, check to ensure the MFI is above the blue average and there you have it.

Price went to 9.795 and the Crocodillion snaps up 15 ticks.

Watch out for the crosseover of blue and purple.

Have a great day