woo hoo! nice bounce off the weekly.
I'll cash out my 65 pips now and stop for the day.
good luck to everyone out there!
I'll cash out my 65 pips now and stop for the day.
good luck to everyone out there!
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
DislikedI got home and couldn't believe my eyes, I was expecting another big drop due to the jobless count. Seems that the market has gone WACK. buy the bad, sell the good. Now if I can get that to align with my sell at the bottom and buy at the top, I'd be doing great!
Seems that there was a lot of talk today about bailing the auto makers out of there hole, that boosted the market. Oh-well, maybe a better place to sell?Ignored
DislikedThat's what I'm thinking as well - looking for a great short.
We're in a consolidation zone right now, so I'm waiting. I expect an exhaustion spike up then down.
What's odd to me from a technical perspective is - the USD/JPY was in direct correlation of the EUR/USD, but recently it has been in sync with it.Ignored
DislikedGood, I'm not the only one seeing this. the last several days I have been trading E/U , A/U, E/J, all by watching U/J. and USD/CHF has been moving the exact oppisite of U/J.
good trading to ya dwildes,
fxstIgnored
DislikedHey everybody,
I need some advice on a long trade i got on usd/jpy. I got into a long poition at 95.60 and the pair closed at 97.08 for the week. Should i hang on to my long position waiting to break the 98.0 area or close the position? Does this look like a trend reversal or should i expect a company failure to prevent the usd rally for next week?
thank you for your timeIgnored
Dislikedalthough the trend is down, looks like the price had a perfect bounced from 61.8% fib. (see chart)
when the market opens on sunday, i would keep your position, but move your sl @ be +5 ~ +10 pips, so even if the trade goes against you. you can still walk out with some profit.
if 94.50 area breaks then i would expect uj to make new low in coming days.
if the price breaks the tl (red thick line) and takes out the last high then your long position is in good shape.
hope this helps
good luck with your trade.Ignored