she’s just sitting there riding the 200 sma on the 15’. on the 1 hr she’s touching the trendline started on teh 26th that she’s bounced off of twice already. Think we can break through 211.50 or are we looking at a corrective wave?
At this point I vote for corrective wave but of course anything could happen…
She is also riding the .75 fib retracement of the last SW/SL, according to a theory called ICWR (Best Forex systems: ICWR phenomenon example part 1) if a retracement does not close a candle above that .75 line, then the downward trend will continue.
We shall see … she does have a mind of her own 
just jumped on the Guppy Ride…loving all your knowledge…definately fast paced action packed ride. great thread…she is currently sitting on 211.42…
is she about to headed back down to 208.60?..i think she is thinking about it!
When you snooze you lose.
But you still could have got in this morning at 7am EDT!
I would say you can expect her to continue down and bounce off of 210.50. I dont think she can get lower but may even slide into 210.00 but thats it.
Right now she is sitting just above the 34SMA, so ST she seems to be taking a breather waiting for asia. most action will be uin the first 144 minutes of Asia, expect it to drag slowly into the Asia open/.
I expect to rock up into the 212’s
overnight before frankfurt & london open or within the first 144 minutes of that I expect a 100-150 pip run down before a continuation up into NY open
[B]* New York Market trade times: 8am-4pm EST
- Frankfurt Market trade times: 1am-9am EST
- London Market trade times: 2am-12Noon EST
- Tokyo Market trade times: 8pm-4am EST
- Australia Market trade times: 7pm-3am EST[/B]
Obviously and in case everyone doesn’t know:
-volumne is heaviest when markets overlap and a better time to trade.
-almost 3/4 or all trading in NY occurs WHILE EU is open/trading.
-at least half of all traders are in US or UK
- market open order: New Zealand, Australia, Asia, Middle East, Frankfurt (EUR),
London, USA ( all of these are effectivly ahead of us) so when the market opens sunday it is NZ first then AU and lastly NY opens the next morning at 800 (or 930)
depending on who you talk to
but officially it is 8AM.
The majority of all trading occurs AGAIN during open markets overlapping,
AND during the first 144 minutes of a market opening.
I am not normally affected too much by this, but this is when the market will move which is the best time to trade and the best time to make a profit and you will notice perhaps these times are when the market moves the most as more traders are trading in more places in the world.
now would be the time to go short if you were so inclined…I AM NOT!
As i expected as soon as I said that she heads due north
no sense waiting for a break of 210.75 heh
but why wait.
Really now I am targeting 212.50, It looks like she is rising from the dirt now.
Now that’s a nice way to start off the week - ride down from above 212, half out @ 209.70, stop and reverse @ 210.70. I reversed for a short with 1/2 in a few minutes ago, but the daily - unless we see a sell-off in Tokyo - is forming a hammer with a significant wick below - could pose an issue, but we’ll see what pans out between here and then.
Trough and crest in a broadening channel down formation has been very uniform, 3H IKH remains bearish (finding resistance at Kijun-Sen ~211.62) below the cloud with the Tenkan/Kijun cross early Friday still in play; line studies (attached) show price hemmed in at 211.62 resistance, as well. I recall 211.50 turning out as a significant level on the way to 214, and it looks like we’re seeing a reprise of that here.
We might not get much out of Asia it was looking very consolidating earlier.
I expect it to be rangy unless someone over there gets excited. We will have to scalp them best we can. One pip a time LOL
That candle shouldn’t worry you. It is a signal that price may be resuming back up, still need further confirmation, but CANDLE looking like that is more than often screaming reversal.
Normal Divergence…survey says bullish, looking for a breakout above 211.65 or so. What do you say?
Maybe I’ll take that short off. 
P.S. ND is also present on USD/JPY and EUR/JPY.
Yep - the only thing that might worry me is if I were short. Of course, I was, until a minute ago. Nothing like jumping the gun (happens on occasion). If you can admit you’re wrong when you do so, you may live to tell the tale.
Yeah looks like she may be trending back up ATM.
When you snooze you lose.
Since I am wishing. I wish I wasn’t holding these kiwis LT since I had to spend all my cash on mortgages (drawdown) UGH!