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Maverick74
 

Registered: Mar 2002
Posts: 17337

 

02-24-12 03:19 PM

Yen is getting absolutely destroyed.

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medicsix
 

Registered: Jul 2007
Posts: 62

 

02-24-12 04:33 PM

Mav

The monthly level lines on your chart - do place them manually or do have a code that plots them for you?

If coded, can you recommend a programming service? I have on for Ninja but would like to stick with TOS.

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Maverick74
 

Registered: Mar 2002
Posts: 17337

 

02-24-12 07:16 PM


Quote from medicsix:

Mav

The monthly level lines on your chart - do place them manually or do have a code that plots them for you?

If coded, can you recommend a programming service? I have on for Ninja but would like to stick with TOS.



All my ACD stuff is coded. You can get custom code for TOS here:

http://www.thinkscripter.com/

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Maverick74
 

Registered: Mar 2002
Posts: 17337

 

02-24-12 10:30 PM


Quote from Maverick74:

Let me further add here, I've always talked about the significance of clean moves and the concept of rarity. What this means is, when you see a clean breakout in an instrument that has not broken out for several months, the likelihood of the move being sustainable is rather large. In this case, the Yen has not broken down in most of these pairs in over a year! This is VERY significant. I cannot stress this enough. The upside potential in these trades is huge at this time. Might possibly be the biggest trade of the year. Book mark this post.



And the move continues.

2012-02-24-tos_charts.png
This has been downloaded 68 time(s).

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Maverick74
 

Registered: Mar 2002
Posts: 17337

 

02-24-12 10:33 PM

Here is the USD/CHF breakdown I was talking about last weekend. Monthly level broken although it's the end of the month so this level does not have as much importance. But better watch those monthly levels for March.

2012-02-24-tos_charts.png
This has been downloaded 51 time(s).

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Maverick74
 

Registered: Mar 2002
Posts: 17337

 

02-24-12 10:35 PM

And finally we have the EUR/USD which continues to breakout and squeeze the shorts. Took out the monthly A up today, but again, it's the end of the month. March levels will be crucial.

2012-02-24-tos_charts.png
This has been downloaded 63 time(s).

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