Wow all this time and its still working ! Solid stuff guys, No ones made an EA of this after all this time ?
I guess confirmed it by now? I don't really track weekly figures not sure how to go about commig up with correct OR times.
Weekly confirmed but on a Thursday, so it's a weak confirm. The 30 day number line is still strong at a +12. Five day momentum is flat at 0 and the volatility indicator is showing chop ahead.
I'm going to start posting some charts on this USD/YEN breakout. I haven't been tracking the number line on it but this weekend and I'll go back and create the number line for it and post it here. This pair had a major breakout just under 80 a few months back. I believe this breakout is still very early in the game and this pair could easy get north of par by this spring. The first chart I'm posting is the monthly chart. We got a monthly A up in Oct and then in Nov, Dec and now Jan.
USD/JPY On the quarterly chart we see the Yen put in a nice base at the 3rd QTR monthly A down around the 78 level and then broke out of that base on the 4th QTR chart around 79. That was the key breakout area. As you can see, we are attempting to confirm yet another QTR A up around this 90 level. This would be a very strong confirmation coming this early in the QTR.