by Ramki | Apr 12, 2011 | Jpy
Does Elliott Wave Principle work when Central Banks intervene? Remember that wave analysis is one of our tools for trading. We are not attempting to use this as a forecasting tool as much as we use it to decide ‘when’ to buy or sell (for a low-risk trade) and to...
by Ramki | Dec 17, 2009 | Jpy
Here is the outlook for USD/JPY in the near term. The first chart shows you some classic relationships between alternate waves. Interestingly, the point “Y” is not the absolute low. We have allowed that because it looks like a spike in the price. The second chart of...
by Ramki | Dec 6, 2009 | Jpy
The 50-point down move that happened from 88.48 to 87.97 is hardly a consolation when considering the 279 point move that followed. I hope you moved your stop to break even as advised, but even if you had not done that, your loss should have been no more than 20-25...
by Ramki | Dec 3, 2009 | Jpy
Has USDYEN bottomed? Morgan Stanley has just issued a research note saying there are several reasons why they think the USD/YEN has already bottomed. They are recommending to buy the currency pair with a stop at 84.50 and they think we will see 101 over the next 12...
by Ramki | Oct 4, 2009 | Jpy
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 not saying that we will see a...
by Ramki | Jul 27, 2009 | Jpy
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...
