Comment: right at this moment it is not really a good time to enter the market. I expect wave going to perform minor triangle pattern before market goes down again. It is a major downtrend. Fundamentally, i believe yen will not overbought by this week. lets expect something big happen right on monday.

Comment: Yen has been oversold out of BOJ operation. I have closed some of my short position, expecting bullish set up, as i believe sooner or later yen is getting expensive. According to my counting, wave B is completed, and we are going for wave C, whether truncated C or some longterm wave performance.

comment:impact could be great this afternoon..its been a long time that divergence has waited for its impact. but because of that BOJ intervention the other day, yen is overbought again. Anyway, i am selling right now, with hope at least market hit 50% retracemnt fibo.

Comment; Intervention by bank Of Japan (yen is overbought) last friday make an impact yesterday's morning. anyway, market is definitely doing downtrend target at least cut 61.8% fibo retracemnt.
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Comment: that bearish divergence is just perfect in its shape.RSI indicated that yen is overbought before market has closed.it is a good time to find sell set up by now..i have entered market last friday..hopefully there are no more expansion of bullish happen...

comment: i see that imperfect bearish divergnce yesterday. i even get tricked by that trend dance...huh...few pips gone like that. anyway, i believe market is performing uptrend making double top so that bearish divergence is just perfect for sell set up.
i learnt something over yesterday market....that bearish trap is just make me sick...
huh...huh...

Comment: as per the above. cannot be specified. huh..waiting for signal. That minor imperfect bullish i cant see how far that impact could be. if it downtrend, then it supposed making a new wave of C.

comment: i was too late to enter into the market last night..thats was around 1.00 am here in malaysia when the indicators given out clear signal to sell...huh...
but its ok..just catch whatever i can thru this downtrend...huh...
just be careful with this 5 stars impact of gbp trade balance which predicted to come out -7000. last time was -7120.

comment: well its a good opening of the week. we could see that market is about to touch 50% fibo. If today market doing sideways all the way, market might perform retracement.otherwise, market gonna blow 61.8% fido.

comment: as what ive waited. For the moment, above counting is valid.i have full reason for that. And here are the strength analysis for yen;

gbpjpy,

(sell)
15mnt-1111
30mnt-0001
h1-0000
h4-0000
d1-0110 (smac-d pattrn)

gbpusd,

(sell)
15mnt-0111
30mnt-0010
h1-0000
h4-0000
d1-0100

usdjpy

(sell)
15mnt-1111
30mnt-1111
h1-0100
h4-0000
d1-0111

summ; jpy > gbp
usd > gbp
usd > gbp
hence; usd > jpy > gbp
then; jpy > gbp (moderately)

Indicators analysis

5 march 2010, malaysia 850am.

gbpjpy,830am

(sell)
15mnt-1001
30mnt-0001
h1-0001
h4-0000

gbpusd,830am

(sell)
15mnt-1000
30mnt-1100
h1-1111
h4-1100

usdjpy,830am

(sell)
15mnt-0001
30mnt0000
h1-0000
h4-0000

audusd,845am

(sell)
15mnt-0000
30mnt-0000
h1-1110
h4-0111

audjpy,845am

(sell)
15mnt-0000
30mnt-0000
h1-0000
h4-1001

summ; jpy > gbp
usd > gbp
jpy > usd
usd > aud
jpy > aud
hence; jpy > usd > gbp = aud
then; jpy > gbp (bearish is strong)
......................................................

comment: above was my indicators performance. it seems like jpy is much more stronger than the others...spesifically jpy is much more stronger than gbp. so i believe that this bullish trend @ least hit fibo 50.0.
Happy trading :-)

comment: this is what ive been waiting for..ive been waited since last night this impact...i now realise the weaknesses of these indicators. anyway, i hope that this trend gonna be a major trend to perform new wave as per above counting. Otherwise...its gonna bear again as the big time frame havent indicates bull pattern yet...
huh...what a market..

comment: sideways effect..its a boring mode..have waited for the impacts of that imperfect bullish divergence. i have being into the market since yesterday morning because of seeing false signal. and it is really moving to side like a crab making his way...huh...some people may have panic with this market condition...well you know +,- ..if enter sell..indicator may indicate buy again..then you close your position...entering buy..in few hours its sell indication again...then you once again close that long..and short once again...well if you are in this condition...i suggest that you should resting...wait for this sideways impact finish totally.

comment: well, there is perfect bullish divergence created over the great impact of bearish trend. there are 3 probabilities, whether that divergence is fully completed or doing some more extension.i.e. another downtrend. 2nd possibilities is that divergence is perfect to end this bearish trend and we are about to look out for any bullish set up. 3rd possibility is that divergence is false, because there can be any chances market will erase that divergence pattern when market is going down again, which mean wave b is never be completed yet. Whatever it is, i am waiting for good signal to catch this bullish trending. Buy!!!buy!!!...no more sell..huh....