Category Archives: Jpy

USD/YEN trade idea

Posted on October 4, 2009 by Ramki

There has been a lot of noise recently about the strengthening Yen. On Friday, the currency pair has closed marginally above a downtrend line of resistance, and this potentially sets up a low-risk trade for the patient participant. I am … Continue reading →

Share
Posted in Jpy | Tagged , , , , , | Leave a comment

Fifth wave opportunity: USD/YEN case study

Posted on July 27, 2009 by Ramki

In this case study of USD/YEN, I will show you how one could have used an extending fifth wave to prepare for a profitable trade. Let me start by asserting that the main goal of any trader is to identify low-risk trading opportunities before a move actually takes place. Once such a trading opportunity is identified, one should be patient for the right moment to pull the trigger. Elliott wave analysis offers one very clear trading set up that invariably produces impressive winners.

Continue reading →

Share
Posted in Jpy | Tagged , , , | 3 Comments

Low-risk trade idea on USD/YEN

Posted on November 13, 2008 by Ramki

Its been a while since I posted a Yen chart. We have been running into some selling at 96.23. Considering that the low seen earlier today was 94.50, even this is a strong move. Part of the credit for the recovery goes to the Japanese Finance Minister who said that rapid forex moves was undesirable for economy. and there is a need to avoid rapid forex moves at all cost. Continue reading →

Share
Posted in Jpy | Tagged | Leave a comment

USD/YEN is a sell on next recovery

Posted on October 19, 2008 by Ramki

Anyone who has traded the Yen knows that it is a different animal from the rest of the pack. But there is one undeniable fact about this currency, it is a trending currency. Once it sets off on a trend, it stays with that trend for a long time. Continue reading →

Share
Posted in Jpy | Tagged , , , , | Leave a comment

USD/YEN still a sell on rallies

Posted on October 13, 2008 by Ramki

Sooner or later we are going to get a corrective bounce in USD/YEN. But the downtrend is still strong and we should be willing to try shorts at key levels. If we surge higher today, then you can sell above 101.70 with stops at 101.88. Continue reading →

Share
Posted in Jpy | Tagged , , , , , | Leave a comment

USD/YEN getting ready for another sell-off

Posted on October 6, 2008 by Ramki

Think the USD/YEN is toppy between here 103.65 and 103.90 and should come off to 102.45 later on.

Share
Posted in Jpy | Tagged , , , , , | Leave a comment
« Previous Page  1 2