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MoneyFocus' thread of forex and fun

  • #521
  • Jan 8, 2018 2:22pm Jan 8, 2018 2:22pm
Quoting MoneyFocus
Yen pairs rising again. Watch carefully, potential set-ups moving. UJ still looking the same as it did in the afternoon.
I think uj makes another run through 113.30 for a double top. I think eu has to test 1.1910 then up.
  • #522
  • Jan 8, 2018 7:48pm Jan 8, 2018 7:48pm
Quoting MoneyFocus
Yen pairs rising again. Watch carefully, potential set-ups moving. UJ still looking the same as it did in the afternoon.
You snooze you lose. I missed the opportunity to go short on yen pairs.
  • #523
  • Jan 8, 2018 7:49pm Jan 8, 2018 7:49pm
Quoting 4xjunkie
{quote} I think uj makes another run through 113.30 for a double top. I think eu has to test 1.1910 then up.
I agree with you, but I thought we already tested 113.30 twice?

As for EU, as previously mentioned, UJ has been held up somewhat artifically, so if it starts to drop, it is likely to outpace EJ's drop, so EU will not test 1.1910. Yesterday's 1.1960 might be the "test" already. Not that sure.
  • #524
  • Jan 8, 2018 8:13pm Jan 8, 2018 8:13pm
i did not see the second test of 113.3. if 112.5 dose not hold then it should be a fail or 112.00 still watching eu. got to think about that one a little, I have the flu only firing in half of my cylinders latly.
  • #525
  • Jan 8, 2018 8:23pm Jan 8, 2018 8:23pm
Quoting 4xjunkie
i did not see the second test of 113.3. if 112.5 dose not hold then it should be a fail or 112.00 still watching eu. got to think about that one a little, I have the flu only firing in half of my cylinders latly.
Regardless, doesnt matter now, all that matters now is the reaction at 112.50
  • #526
  • Jan 8, 2018 8:31pm Jan 8, 2018 8:31pm
arriving ... S3 daily broken
  • #527
  • Jan 8, 2018 8:41pm Jan 8, 2018 8:41pm
Quoting MoneyFocus
{quote} Regardless, doesnt matter now, all that matters now is the reaction at 112.50
Its going through. this should end with a little of the mersilas chop we have gotten so use to. plus the legs on the 5m chart are backwards. that should mean more down.
  • #528
  • Edited 11:07pm Jan 8, 2018 9:09pm | Edited 11:07pm
There is a potential for a whipsaw here, I thought it was up where we just were, but its looking good here, ultimately ending up at 112.0x, it should drag eu down with it.
Attached Image (click to enlarge)
Click to Enlarge Name: 28.PNG Size: 53 KB
i think its something like this.
  • #529
  • Jan 9, 2018 4:48am Jan 9, 2018 4:48am
Quoting 4xjunkie
{quote} I think uj makes another run through 113.30 for a double top. I think eu has to test 1.1910 then up.
You are right about EU, I'm wrong.
  • #530
  • Jan 9, 2018 7:02am Jan 9, 2018 7:02am
UJ making another attempt at 112.50?
  • #531
  • Jan 9, 2018 7:05am Jan 9, 2018 7:05am
Quoting MoneyFocus
UJ making another attempt at 112.50?
looks like it. UJ a bit boring now...lol. GJ and GU is where the fireworks is
Never Ever Give Up
  • #532
  • Jan 9, 2018 7:08am Jan 9, 2018 7:08am
Quoting sumar
GJ and GU is where the fireworks is
fireworks on those? maybe if you trade JG and UG will see the fireworks!
  • #533
  • Jan 9, 2018 7:10am Jan 9, 2018 7:10am
Quoting sumar
{quote} looks like it. UJ a bit boring now...lol. GJ and GU is where the fireworks is
More fireworks is dependent on UJ. Watching UJ as an indicator is important. You can of course, use it to trade other pairs by co-relation.
  • #534
  • Jan 9, 2018 7:13am Jan 9, 2018 7:13am
Quoting aa4fx
{quote} fireworks on those? maybe if you trade JG and UG will see the fireworks!
Well, maybe not really....lol....or maybe a little bit .....
Never Ever Give Up
  • #535
  • Jan 9, 2018 7:22am Jan 9, 2018 7:22am
Quoting MoneyFocus
{quote} More fireworks is dependent on UJ. Watching UJ as an indicator is important. You can of course, use it to trade other pairs by co-relation.
Here we go, the moment UJ touches 112.50, GJ snaps.

Quick bounce up from UJ and other yen pairs.
  • #536
  • Jan 9, 2018 8:47am Jan 9, 2018 8:47am
Quoting MoneyFocus
{quote} You are right about EU, I'm wrong.
Your not wrong, You just have not seen this part before.
  • #537
  • Jan 9, 2018 8:50am Jan 9, 2018 8:50am
Quoting 4xjunkie
{quote} Your not wrong, You just have not seen this part before.
Are you shorting these UJ rallies?
  • #538
  • Jan 9, 2018 8:53am Jan 9, 2018 8:53am
Quoting MoneyFocus
{quote} Are you shorting these UJ rallies?
I shorted it at 112.64 thinking it would be lower by now. but we are waiting for eu to print 1.1910 then i believe to goes down. Xau finally moved woo hoo.
  • #539
  • Jan 9, 2018 8:54am Jan 9, 2018 8:54am
Quoting 4xjunkie
{quote} I shorted it at 112.64 thinking it would be lower by now. but we are waiting for eu to print 1.1910 then i believe to goes down.
The only problem with shorting UJ too early is having to pay swap.
  • #540
  • Jan 9, 2018 9:07am Jan 9, 2018 9:07am
There's a better xxx/JPY pair to short though...nope, not GJ, EJ or AJ.
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