is everyone still short e/j?
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
Daily GBP/JPY analysis 16,618 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
eur/usd, eur/jpy, usd/jpy average 0 replies
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DislikedClosed my Short at Market. My Advice Stand Clear until EURO session opens ...Ignored
DislikedSince its bed time for me and I need my sleep I have two orders pending based on the EURO Open and news release.
1. LONG EUR/JPY @ 169.750 TP 170.350 SL 169.350
2. SHORT EUR/JPY @ 168.900 TP 167.800 SL 169.350
Keep in mind if we do go SHORT ie. Bad EURO data I see more downside to possibly 167.000 or lower but im playin it safe.
On the upside I think a break of 170.000 we will face some psychological resistance forcing the price down therefore Trade # 1 may not be the best.Ignored
DislikedMU: Market News Survey Of Economic Data Forecasts]
July July June
flash flash M3 M3
mfg svc 3 mm
PMI PMI y/y avg
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Median forecast* 48.7 48.8 10.4 10.4
High forecast 49.2 49.5 10.8 10.6
Low forecast 48.3 48.5 10.1 2.2
Previous period 49.2 49.1 10.5 10.4
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Number of responses 15 15 12 11
[TOPICS: M$XDS$,M$X$$$]
Subject Codes: PS/00000000, PS/A0000000, PS/REUTERS0, SU/M$XDS$, SU/M$X$$$, PC/date.200807240105Ignored
DislikedWell this is all very cool I'm sure, but does it come with a secret decoder ring? Since your website says you trade a proprietary system not available in any store, or to the public, will you have to hurt me if I read this?
Are you long, short or sideways? Why to either of those positions? Are you sure you're on the right thread? Are you gonna keep postin that stuff? So many questions...Ignored
DislikedGuys,
It might be somewhat of a wise idea to discard the technicals for just a brief moment and look at all the EUR data to come at 4am EST. This is interesting because I am almost certain that the
German Ifo Business Climate Index forecase of 100.2 is somewhat aggresive given the data we have thus far for Germ. Been researchin :-)
Normally I never trade the news but this might be a good setup.
I do expect the Euro to Tank tonight with the data, along with it will come a great short of the E/J however tight stops may not be wise cause prior to the release of this significant ammount of data their are often traps before it plummets. I'm stick with a little bit of a loose SL to avoid this ..
Anyone have thoughts based on the upcoming fundamentals.Ignored