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Euro Yen Institute

  • Opened Feb 13, 2013 | Never Closes | 454 Votes
  • Poll Results
Which time frames do you use in trading decision making? Show Voters
TICKS 21 Votes 4.63%
M1 63 Votes 13.88%
M5 90 Votes 19.82%
M15 142 Votes 31.28%
M30 40 Votes 8.81%
H1 177 Votes 38.99%
H2 8 Votes 1.76%
H4 191 Votes 42.07%
DAILY 134 Votes 29.52%
WEEKLY 41 Votes 9.03%
MONTHLY 19 Votes 4.19%
  • Post# 1
  • Quote
  • First Post: Feb 9, 2013 5:55pm | Edited at 8:59pm
This thread is mainly focusing on EURJPY trading. Whether you are bulls, bears or something in between, please feel at home here. This thread is based on the principle of the freedom of speech. However, there are some simple rules below:
  1. The messages are limited to EURJPY trading and related personal exchanges.
  2. No dirty or attacking languages in any forms are permitted.
I'd welcome discussions of EURJPY EWP, histories and cultures of EU and Japan in this thread as well.

I will monitor this thread closely and report any messages breaking the rules to FF in a timely manner. Now, let's go!
Attached Image (click to enlarge)
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EURJPY is a great pair to trade IMO. It moves hundreds pips daily. I welcome everyone's contributions to help each other make more pips from trading this pair.
Based on the EWP and chart readings, I believe a corrective move has been underway since 2/6/13.
Quoting DaddyBear
Based on the EWP and chart readings, I believe a corrective move has been underway since 2/6/13.
In the meantime, a counter corrective move could be brewing at this point as well.
  • Post# 5
  • Quote
  • Feb 9, 2013 6:18pm | Edited Mar 26, 2013 10:48pm – Quoted picture removed.
Quoting roro53
yen for summer, DB

nice kickstart for a racy pair and breakdown of financial crisis correlations

maybe central banks are ahead of the curve.......my best guess; probably
roro, you are the first guest visiting this forum. This is an honor to me. Seems to me, you have collected some nice photos.

BTW, what do you mean "yen for summer"?
  • Post# 6
  • Quote
  • Feb 9, 2013 7:29pm | Edited Mar 26, 2013 10:48pm – Quoted picture removed.
Quoting roro53
yen for summer, DB

nice kickstart for a racy pair and breakdown of financial crisis correlations

maybe central banks are ahead of the curve.......my best guess; probably, and more astute at managing the message
Oh damn, I love that pic. The euro jpy is the single and only currency pair I trade. I need the profits for some very exciting outings with a gal like that one.. huh hooo!!
Quoting DaddyBear
roro, you are the first guest visiting this forum. This is an honor to me. Seems to me, you have collected some nice photos.

BTW, what do you mean "yen for summer"?
thanks, DB

"yen for it" is a colloquialism expressing a desire or craving, and in the context of central bank thinking the interventions may be all about a return to the carry trade and a funding currency........the Yen, for many reasons may fit that bill so who knows what conversations/planing/execution take place in private conversation behind the scenes, and later pitched to the unwitting public as the 'next great economic escape'.

if so, then return to carry trade seems to fit the objective of return to economic stabilization by policymakers......just my opinion and i may be completely wrong too......maybe it will rain cats and dogs for long S&Ps soon?

as for the photos i have an 'eye' for it/always did/a gift i think, and somehow seem to pick up the ones i think convey a timely metaphor for reality, or dreams for reality...so, not keeping an inventory other than a select few.......magic was a keeper

presenting a visual is standard fare for the advertizing industry to sell everything under the sun from a to z and back again.

i use black and whites to send a message so really just taking a page out of someone else's book who figured out the effectiveness of the tactic long time ago....i guess maybe the risk is the message gets lost for the photo, and besides, i really just like to trade and write and exchange views..and looking at and appreciating nice lines and form too

http://www.forbes.com/sites/deanpopp...your-thoughts/
Quoting Triberry
Oh damn, I love that pic. The euro jpy is the single and only currency pair I trade. I need the profits for some very exciting outings with a gal like that one.. huh hooo!!
Welcome Triberry. Hope you like this thread. -DB-
Quoting roro53
thanks, DB

"yen for it" is a colloquialism expressing a desire or craving, and in the context of central bank thinking the interventions may be all about a return to the carry trade and a funding currency........the Yen, for many reasons may fit that bill so who knows what conversations/planing/execution take place in private conversation behind the scenes, and later pitched to the unwitting public as the 'next great economic escape'.

if so, then return to carry trade seems to fit the objective of return to economic stabilization by policymakers......just...
Seems to me, you are a philosopher. Preferring black and white photos over colors is a mindset of Zen.

Although Zen was started in China, It has been deep rooted in Japanese culture for a long time.


Tsukioka Yoshitoshi (1839-1892)
  • Post# 10
  • Quote
  • Feb 9, 2013 9:17pm | Edited Mar 26, 2013 10:52pm – Image size/load reduced.
The Japanese rock garden is a reflection of Zen in a man made setting.

Attached Image (click to enlarge)
Click to Enlarge Name: Kyoto-Ryoan-Ji_MG_4512.jpg Size: 332 KB


This file is licensed under the Creative Commons Attribution-Share Alike 2.5 Generic license.
Exposed concrete architecture is a major design language used by the architects in Japan for quiet a long time. Such expression is a manifestation of Zen IMO.


Original uploader was Bujatt at en.wikipedia
Quoting DaddyBear
EURJPY is a great pair to trade IMO. It moves hundreds pips daily. I welcome everyone's contributions to help each other make more pips from trading this pair.
Congratulations my friend, figured you were trading this pair.

Looking forward to lots of fun, analysis, and EWP.
Japan's name was given by a Tang Dynasty empress [690-705 AD]. Due to the relative geographic locations, the meaning of Japan is "The place where the Sun rises."

The flag of Japan expresses this meaning in a very simple but meaningful way.





Quoting Mr. Scott
Congratulations my friend, figured you were trading this pair.

Looking forward to lots of fun, analysis, and EWP.
IMO this pair is tougher to trade even it moves hundreds pips daily. I hope you post your insights often.
Euro has run up a few thousands pips against Yen. Is it so valuable? Is it going to collapse from this level or continue its bull run? This is a good question for ever trader. Looking forward to seeing some comments in regard to this pair's next moves.

your posts are incredible, DB

you are right that the concrete architecture is also incredible especially the way it has been used in Japan........i lived there for a while and was stunned by the sophistication of the culture........ design language is a genius of the Japanese, imo

i am humbled your kind words, and insights, and the memories you have evoked from past times

Quoting DaddyBear
Exposed concrete architecture is a major design language used by the architects in Japan for quiet a long time. Such expression is a manifestation of Zen IMO.


Original uploader was Bujatt at en.wikipedia
Inserted Video
If Sunday opens without violating previous low, the trading on next few sessions may be ranging in this 400 pips trading zone [yellow colored channel] IMO.
Attached Image (click to enlarge)
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Quoting roro53
your posts are incredible, DB

you are right that the concrete architecture is also incredible especially the way it has been used in Japan........i lived there for a while and was stunned by the sophistication of the culture........ design language is a genius of the Japanese, imo

i am humbled your kind words, and insights, and the memories you have evoked from past times



http://www.youtube.com/watch?v=wHVvriKA4Yg
roro, thanks for your nice words and video. Is that Japanese music? A sound from the ancient land. Personally, I like Japanese cultures and arts.

Trading is an art. The candlestick charting is a form of art in trading the rice market. The Japanese who invented such charting must have a mindset of seeing the market differently. I hope that I can realize what his mindset was in order to apply his art in trading in a different approach from what I have learned from Nison's books.


Rice broker in 1820s Japan
Katsushika Hokusai (葛飾北斎) (1760–1849)
In the meantime, let's look at the western world. One of the greatest human discoveries in the history was Fibonacci sequence of numbers.

"In the Fibonacci sequence of numbers, each number is the sum of the previous two numbers, starting with 0 and 1. This sequence begins 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987 ..."
- Fibonacci Numbers from The On-Line Encyclopedia of Integer Sequences.-

R.N. Elliot merged his discovery with Fibonacci sequence of numbers to form the EWP. This was another greatest human discovery in the history.


Leonardo Fibonacci (c. 1170 – c. 1250)
-Wikipedia-
Hi DB,

Looks to me to be setting up for a drop to the first fib at 119.80 area and bottom of a previous trading range.
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