USD/JPY is forming a base at the current level at 114.50... hopefully this zone will hold up any further decline.
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USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedSunTrader , yes I am a newbie...The "predictor" I use is very simple and it is to be used on AT LEAST A 4 HOUR CHART. So I looked the pair up on a 12 HOUR CHART , which has 2 INDICATORS on it. A 9-period and a 5 period EMA... I have also added a 20 Period EMA to my chart. Above it , I go long----below it , I go short. I have found that I will miss a good number of pips by waiting for the 2 EMA'S to definitely cross one another , but by waiting for it to happen , I have always been on the right side of the trade....May all your positions be profitable...Ignored
DislikedIf you draw it strictly across wicks. Some of which are important and some of which are just weak hands getting squeezed. Although I do see other support turned to resistance: {image}Ignored
Disliked{quote} Somewhat but within an intact uptrend with support close by: {image}Ignored