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
Comments by IntenseDebate
Posting anonymously.
Jan 26 - USD JPY still in bottoming process
2010-01-25T20:59:00-08:00
Cmellon
USD/JPY|