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MrPresident May 17, 2019 11:09am | Post# 5021

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riclater211 May 17, 2019 10:21pm | Post# 5022

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{quote} Hey All, Price still bouncing against the trend line. Nothing to do just yet. - Ric {image}
Hey All,

EURJPY ends the week still bouncing along that trend line. Until next week..

Have A Great Weekend,

- Ric
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MrPresident May 20, 2019 7:49am | Post# 5023

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waiting for the 122.6 level to be taken out before adding more shorts
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riclater211 May 20, 2019 6:00pm | Post# 5024

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{quote} Hey All, EURJPY ends the week still bouncing along that trend line. Until next week.. Have A Great Weekend, - Ric {image}
Hey All,

Price is just bouncing along. Tight range waiting for a break. I see upside pressure as a greater potential. Price needs a bit more of a retrace. Wait and see.

- Ric
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RegisMexes May 21, 2019 3:07am | Post# 5025

Seems like market sentiment is still risk-off; all yen pairs' rallies have spluttered into oblivion.

MrPresident May 21, 2019 11:53am | Post# 5026

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waiting for the 122.6 level to be taken out before adding more shorts {image}
still waiting...

bulls being rejected so far today
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RegisMexes May 21, 2019 1:14pm | Post# 5027

{quote} still waiting... bulls being rejected so far today {image}
To be fair, bears also got rejected yesterday.

MrPresident May 21, 2019 4:25pm | Post# 5028

{quote} To be fair, bears also got rejected yesterday.
yes, intra-day trading can reject the bears but on the higher time frames, bears are likely to win

riclater211 May 21, 2019 4:41pm | Post# 5029

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{quote} Hey All, Price is just bouncing along. Tight range waiting for a break. I see upside pressure as a greater potential. Price needs a bit more of a retrace. Wait and see. - Ric {image}
Hey All,

Ho-hum day. Looks like price needs a catalyst. Created a 50 pip trade box to the long side. I see price having a real struggle to get through 122.50 for now without some news or something.

- Ric
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RegisMexes May 21, 2019 4:59pm | Post# 5030

{quote} yes, intra-day trading can reject the bears but on the higher time frames, bears are likely to win
Yes, but your statement was also on the lower time frame. Just pointing out you should make fair comparisons.

fxmaniak May 21, 2019 5:05pm | Post# 5031

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EURJPY BUY
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Dr.Forexx May 22, 2019 2:12pm | Post# 5032

I think Eurjpy is for buying till 124

riclater211 May 22, 2019 5:48pm | Post# 5033

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{quote} Hey All, Ho-hum day. Looks like price needs a catalyst. Created a 50 pip trade box to the long side. I see price having a real struggle to get through 122.50 for now without some news or something. - Ric {image}
More of the same. Price did spike up. Just waiting for more momentum.

- Ric
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MrPresident May 23, 2019 7:39am | Post# 5034

waiting for the 122.6 level to be taken out before adding more shorts {image}
currently we are around 122.6 again and testing support, a break and daily close below opens up further downside

MrPresident May 23, 2019 9:17am | Post# 5035

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{quote} currently we are around 122.6 again and testing support, a break and daily close below opens up further downside
possible bear ride today, my next target is the 120 area
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MrPresident May 23, 2019 9:42am | Post# 5036

{quote} possible bear ride today, my next target is the 120 area {image} {image}
entered additional sell positions, all stops above 123.7

target is the 120 area

riclater211 May 23, 2019 5:26pm | Post# 5037

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{quote} More of the same. Price did spike up. Just waiting for more momentum. - Ric {image}
Yet again price bounces off the trend line. Wait and see 4 me.

- Ric
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RegisMexes May 23, 2019 5:28pm | Post# 5038

If it can recover back above 122.60, then bulls might be returning..

RegisMexes May 24, 2019 1:35am | Post# 5039

If it can recover back above 122.60, then bulls might be returning..
Flirting at this line..

RegisMexes May 25, 2019 1:36pm | Post# 5040

Anyone observing EUR/JPY last friday and would like to have a discussion on the price action?

During the second half of NY session, as other yen pairs rallied, EUR/JPY and GBP/JPY both struggled to rally (although the latter at least made some rallies then faded). It seems to me that traders are not buying EUR/JPY with the EU Parliament elections looming but JPY is softening.

I am expecting a rally on EUR/JPY on Monday, regardless of the EU Parliament election results. If results are bearish EUR and EUR/JPY dips, I think it presents a good opportunity to buy the EUR/JPY for intraday trading.

My thoughts/conjecture.


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