Original trade idea is available at:
http://cmellon-deltatrading.blogspot.com/2010/01/jan-13-usd-jpy-trading-plan.html
USD JPY is currently still in a range with no confirmation of ITD 1 low / MTD 8 low arrival yet.
Per my calculation, ITD 1 low is due on average this Thursday January 28. This date also happens to be 50% TIME retracement from the low of 85 (Nov 26, 2009) and the high of 93.6 (Jan 7, 2010). Something to watch out for.
Monday, January 25, 2010
Jan 26 - USD JPY still in bottoming process
2010-01-25T20:59:00-08:00
Cmellon
USD/JPY|