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MoneyFocus' thread of forex and fun

  • #21
  • Nov 16, 2017 10:14am Nov 16, 2017 10:14am
GBPJPY: Bearish.

This morning's observation about it not being able to clear 149 still stands and even with very positive data, it couldnt tap a certain key resistance level. The run up to 149.45 should be an over-extension of 149.24, that's all.
  • #22
  • Nov 16, 2017 11:00am Nov 16, 2017 11:00am
Anyone taking a stab at EUR/USD? I'm looking for buy set-ups, I think after this correction after that crazy rally, it confirms the techs for buy set-ups (I am always wary of rallies/drops without retracement).
  • #23
  • Nov 16, 2017 11:22am Nov 16, 2017 11:22am
Gold looking to rally, yen pairs might drop hard.
  • #24
  • Nov 16, 2017 11:35am Nov 16, 2017 11:35am
Sold UJ at 112.82, targeting 112.60
  • #25
  • Nov 16, 2017 11:46am Nov 16, 2017 11:46am
I took an EU long at 1757..been reeming about that number being the key to 1884/1905 for the last 36 hours. stop at 1754. GU looks bullish to me..but not in any trades with it. Cheers on the thread!
  • #26
  • Nov 16, 2017 11:51am Nov 16, 2017 11:51am
Quoting Venomousssss
I took an EU long at 1757..been reeming about that number being the key to 1884/1905 for the last 36 hours. stop at 1754. GU looks bullish to me..but not in any trades with it. Cheers on the thread!
Congrats on your EU long!
  • #27
  • Nov 16, 2017 2:15pm Nov 16, 2017 2:15pm
Almost got stopped out on my gbpjpy long, 1.5 pips. So far looking good. Good luck.
  • #28
  • Nov 16, 2017 7:47pm Nov 16, 2017 7:47pm
Quoting MoneyFocus
Sold UJ at 112.82, targeting 112.60
Reached.

Got my 22 pips

Quite proud of myself as although the entry price isn't the best, I did TP just 3 pips away from the low of the day..

Quoting MoneyFocus
Anyone taking a stab at EUR/USD? I'm looking for buy set-ups, I think after this correction after that crazy rally, it confirms the techs for buy set-ups (I am always wary of rallies/drops without retracement).
Pity I didn't take a long.
  • #29
  • Nov 16, 2017 7:51pm Nov 16, 2017 7:51pm
Quoting 4xjunkie
Almost got stopped out on my gbpjpy long, 1.5 pips. So far looking good. Good luck.
UsdJpy has come off a lot but GbpJpy looks to be resilient...and made a new high above 149.24, so I believe there is a case for GBPJPY bulls....good luck...I currently do not have any positions on the Dragon.
  • #30
  • Nov 16, 2017 8:00pm Nov 16, 2017 8:00pm
Quoting MoneyFocus
{quote} Reached. Got my 22 pips Quite proud of myself as although the entry price isn't the best, I did TP just 3 pips away from the low of the day.. {quote} Pity I didn't take a long.
lol spoke too soon, UJ continues its descent
  • #31
  • Nov 16, 2017 8:03pm Nov 16, 2017 8:03pm
Ok, all positions cleared...a new day has started...good morning to all traders, it's 10am here in Singapore.

Quick views now:
1. XAU/USD may be running out of bullish steam.
2. GBP/JPY seems to be able to hold the 149 handle for now, so that is a case for bulls.

EDIT: UJ just dragged it further down, but GJ still a lot more resilient.
  • #32
  • Nov 16, 2017 8:11pm Nov 16, 2017 8:11pm
Took a long on GBPJPY at 149.
  • #33
  • Nov 16, 2017 8:26pm Nov 16, 2017 8:26pm
Quoting MoneyFocus
Took a long on GBPJPY at 149.
UJ just pulling it down at the moment....hafta be patient.
  • #34
  • Nov 16, 2017 9:02pm Nov 16, 2017 9:02pm
Quoting MoneyFocus
{quote} Reached. Got my 22 pips Quite proud of myself as although the entry price isn't the best, I did TP just 3 pips away from the low of the day.. {quote} Pity I didn't take a long.
Good job holding your UJ short through that rough pullback. Would you share with us your analysis that led you to enter at 112.82? Also, why take profit at 60 with the 50 level below it?
  • #35
  • Nov 16, 2017 9:09pm Nov 16, 2017 9:09pm
wow. congrats for the new thread. I agree with your opening post, safe required is for both forex and s€x LOL
  • #36
  • Nov 16, 2017 9:16pm Nov 16, 2017 9:16pm
How the heck do i add you as a buddy man. No idea how FF works..
  • #37
  • Nov 16, 2017 9:17pm Nov 16, 2017 9:17pm
Careful about shorting EU before 1884/1904
  • #38
  • Nov 16, 2017 9:27pm Nov 16, 2017 9:27pm
Quoting Tyrion24
{quote} Good job holding your UJ short through that rough pullback. Would you share with us your analysis that led you to enter at 112.82? Also, why take profit at 60 with the 50 level below it?
I actually went to sleep LOL.

As for .82, it was due to my belief that PA was going to push it down. The run up was actually due to the tax reform being passed imo. I didn't take that into account as I (wrongly) thought it was priced in.

Quoting MoneyFocus
Took a long on GBPJPY at 149.
Strong price action/volatility at 148.94.
  • #39
  • Nov 16, 2017 9:28pm Nov 16, 2017 9:28pm
Quoting NagaMas
wow. congrats for the new thread. I agree with your opening post, safe required is for both forex and s€x LOL
Cheeky boy.

Quoting Venomousssss
Careful about shorting EU before 1884/1904
Yeah, I actually wanted to take a long on EU yesterday at around 1.1780, but didn't.

Quoting Venomousssss
How the heck do i add you as a buddy man. No idea how FF works..
No worries man. I know you are my buddy.
  • #40
  • Nov 16, 2017 9:32pm Nov 16, 2017 9:32pm
Quoting MoneyFocus
{quote} Strong price action/volatility at 148.94.
Lift-off from here hopefully.
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