Like a Break out on the Yen Pairs
Looking of the Yen crosses to make a break out of the tight range they've been trading in for the past few hours. Watch for range breaks on EURJPY and the GBPJPY, particularly to the downside. Remember to watch the USDJPY as an indicator. I'd be happy to grab 40-50 pips on a quick move.
RE: Like a Break out on the Yen Pairs
You've got to grab those pips when you can!
Once the USDJPY broke below 90.15, it's move down made the EURJPY and the GBPJPY move 40 and 50 pips, for it smaller move of 19 pips. I liked how the USDJPY was stacking up along the 90.15 support, showing pressure on the sell side.
I hope some of you could see how I recognized that set up, and were able to grab a few pips.
well looks like we were on opposing sides of the coin today :oD i scalped a long on usd/jpy off 90.00 looking for support from the 61.8 fib (@ just under 90) closed half and have the other set @ break even tp @ 90.30 just under res and the 50 fib... but we'll see....i'll not be losing anything on this trade thats for sure!
i'm also short usd/cad below 1.0600 with pa and div shown on the 1h rsi & stock again i've taken some profit moved stops to break even and will see what happens... i'd be happier if we'd not popped up again but hey
take it easy dad
Take Care Sir!
i like to get into a zero risk trade asap (tp on half the trade then set the sl of the other to give a >0 outcome for the trade as a hole (if it gets taken out). i subscribe to the infinite yeild theroy although it's full application can be challenging.
right i'm off
well i set a moving stop over night on the cad trade and it got taken out @05440 ..... pips r pips, but i must admit i fancied that set up for a few more.
aud/usd is doing better :o) trade off a nice big number, fib, divergence etc etc great r/r trade with 40 pips in the bag will wait and see for the rest atm
stop and reverse is on the cards
take it easy
possible short on nz/usd....
have a good weekend
Sorry. I never saw your postings til now. I was in Los Angeles, and not FXing. I had a nice few days away, visiting friends.
Glad you grabbed some pips!
I had a stormer again last week...i've one trade still on the table and thats a long gbp/usd from friday from 1.5044 took half off the table moved stops etc etc i'm happy to hold will see where we go for now.
take it easy
EURJPY Consolidating, with gap short
Again, sorry for the lack of posts, but I'm seeing something setting up that has caught my eye.
The EURJPY is consolidating just above 127.00, with the EURUSD finding support at 1.3585 and the USDJPY at 93.50.
In the past, I've written about using the EURUSD and the USDJPY as indicators for the EURJPY. If the indicators break below their support levels, and the EURJPY breaks below the major pshych level at 127.00, we could see the EURJPY make a break down and try to close that gap down to 125.70. That would be a nice 100+ pip move. This next hour or two, going into the NY open is key.
I hope you all are well and having a prosperous 2010.
RE: Yesterday's EURJPY Consolidating, with gap short
Going into the NY session, the EURJPY did make a break below 127.00, as I suggested we watch for. Price fell to the next support area of 126.50 and rode that out until Tokyo open, where the Yen picked up some momentum and drove the Yen pairs down. This move closed the price gap, formed over the weekend, down to 125.70.
For you newbies, this 130 pip move, equates to a potential +100% profit on the trade. As I've said in the past, "Success is not in the quantity of trades you make, but rather in the quality of trades."
I hope this helped some of you. A video review of the trade is posted on the blog.
looks like your back on track
u been getting the emails,hope there not to many
still working long hours
Hey ther Buddy! You'd be happy to know that I get a ton of that stuff from other people that I never read.... but I read yours! I'm sure you're glad your working! Hope all is well with you!
Good to hear from you!
send me details
I am interested in ur system
pls send me the details to firstname.lastname@example.org
Hopefully we'll get back on here again soon. I've been a little busy but hope to get back into the swing of things, sometime in the spring.
I wish you all Happy Holidays and many +pips!
I am back in the trading world and in a few months will be starting a new thread. Hopefully I will be able to help the community as i one did, happy pipping.
WOW!!! This brought back a lot of memories.... Been out of the loop for a while. U.S. regulations under Obama, just got so ridiculous, I moved in a different direction. Looking to get my feet wet again.
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