The art of the odds

Friday, October 9, 2009

THE USD/YEN




























Now I'm no forex fag, but look here folks. The yen is setting up on the daily's , 11 of 13 for a TD sequential countdown completion as well as for a TD combo on the dailys, while resting just above strong TDST support at about 88.50 for the weekly bars, with a  9 bar setup hopefully coming next week. Also the Monthly's appear to be identical in time lengths and ranges off 9 bar setup. I'm looking to buy the dollar and sell the yen if we hit that 13 on the daily chart. I'd pull the plug on this trade if we close friday below 88.60 and above 91.30, otherwise its a perfect coiling of the trends for a entry. So..follow your rules and don't read blogs!

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