My currency lines are not working .. I need to work on them some more .... CL appears to be testing the Quarterly ADn line. CL Numberline is still way negative ..
How is U/J confirming for some people? Prices have not moved anywhere....weird. I wonder if our number line methods vary dramatically.
With such low vol in fx land, do you still use time stops (like if price is not where it should be within a certain time frame, do you exit?)?
When you say "I'm long" USD/JPY am I correct in believing you are buying dollars using yen, that is you are short yen? When you say "I have a confirmation" of the shorting of the yen am I correct in believing your 30 day yen line is -9, or your 5 day yen line is -5? On Fisher's web site this morning he had the 30 day line for the yen at +4, and the 5 day line also at +4. Am I reading this correctly? Even allowing for "special sauce" can you both be using the same method?
Usually Fisher quotes the futures which is JPY/USD, opposite of most spot rates. Yes, I am buying dollars and selling Yen. Yes, my 30 day has confirmed. No special sauce. We do NOT calculate our number lines the same way.