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Zen Forexification

Author:	GoldIvX	Created:	Monday, March 26, 2007 8:44:53 AM
This blog is in place to record my muddled musings on capricious currencies.

USD/JPY :: 04.03.07 :: 23:01 EST
	GoldIvX : Tuesday, April 03, 2007 1:59:45 AM

Breakout on a flag formation with no news to stand in the way.

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EUR / USD - US Feb Home Sales 10:00 est
	GoldIvX : Monday, March 26, 2007 4:32:59 AM

EUR/USD + 41 pips [The text contained in this post is meant only as a record and should never be taken as trading advice. This material is not financial advice.] Went long in EUR/USD at 09:46 for 1.3286 with a 3 pip spread putting me at 1.3289 for profit. ...

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EUR/USD :: Weekly Chart Elliott Wave
	GoldIvX : Sunday, March 25, 2007 1:01:41 AM

Here is a weekly chart of EUR/USD showing a beautiful Elliott Wave formation. Looks like we are in a #5 wave which is motive (going up). It's possible but doesn't seem probable that the #5 peak will break the all-time high set on the last week of 2004 for 1.3665. That's really only about a 300 pips above current levels so who knows. Check here for a quick Elliott refresher:

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