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Daily EUR/JPY analysis

  • #501
  • Aug 1, 2007 1:31pm Aug 1, 2007 1:31pm
Quoting charlinks
What is S3?
3rd level of support
Patience + Humility + Study = Success
  • #502
  • Aug 1, 2007 11:03pm Aug 1, 2007 11:03pm
Ok... I am getting tired of people saying "This will turn around any second now...." and then it just keeps falling...

May be the trend has changed as it is?

Attached is a clear downtrend from a 4H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-08-01-2007.jpg Size: 45 KB
  • #503
  • Aug 2, 2007 11:07am Aug 2, 2007 11:07am
Seems like it's finally breaking through
  • #504
  • Dec 4, 2007 2:22pm Dec 4, 2007 2:22pm
I just built an EA for this pair EUR/JPY using mostly Auslanco 15 min (GBP/JPY) with trigger signal T3. I just test H1 combine with lotsize MM. Don't have a good feeling about forward testing yet. To run this EA you need GannHilo activator, T3 indicator and QQE indicator for MT4. If someone can run tests and post your thought will appreciate. Attach also the backtest from 8/2007 to today> The EA is EMA_T3 file. TakeProfit and StopLoss should leave EA manage (left them =0). Bull =1 if you favor long trade or else will favor short trade.
Allison
Attached File(s)
File Type: ex4 QQE.ex4   4 KB | 1,000 downloads
File Type: ex4 Gann_HiLo_v2.ex4   2 KB | 906 downloads
File Type: ex4 T3.ex4   4 KB | 917 downloads
File Type: ex4 EMA_T3.ex4   9 KB | 977 downloads
File Type: pdf Strategy Tester_ EMA_T3.pdf   127 KB | 1,860 downloads
  • #505
  • Mar 8, 2008 8:58am Mar 8, 2008 8:58am
Why discussion muted on the hottest cross pair?

I would like to share this theory with all of you. The cross, EURJPY, will be heading in a very agressive downward movement, which targets ultimately 140 in the coming weeks and months.

It really depends whether you're short term trader or long term trade, but EURJPY is headed down heavily, and this is an opportunity to buy before a downtrend acceleration takes place.

Have fun, the chart explains the theory.

Under this count, I consider that 170 is a barried that topped out EURJPY. In its rally from 149, traced 5 waves up with a truncated fifth wave (failed to make a new high).

If my wave count is right, prices have completed wave 1, 2 so far. and the market now is in wave 3, of 3 of 3 probably.

This means we will begin soon the fastest and sharpest acceleration lower in the cross. and I am looking at sub low 150s in this wave, followed by a move higher and ultimately to come down to 140-145 zone in wave fifth to complete wave 3 before any major rebound rally may begin.

Also given the count is correct, we are still at early stages of a big downtrend in the making. So I will sell into any shadowed rally next week.

More evidence of a downtrend just on the corner:

159.20 which topped and reversed the cross is an important fibonacci. signaling a completion of wave ii of 3 of 3.

Wave 2 within big wave 3 topped out at 161.30 which is 61% of wave 1 within big wave 3. Common relationship.

If all mentioned are correct, minimum expectations for a drop below 152 to complete wave iii of 3 and if wave v won't be truncated, I even expect drop to 140 area ultimately.

This move probably takes weeks and months to be drawn on chart though.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-bear-cycle.gif Size: 23 KB
  • #506
  • Mar 8, 2008 11:50am Mar 8, 2008 11:50am
interesting, and i dont know why it is so quiet about this pair here...


ok what i realy like to know is the fundamentals why the japaneese economy has more strength, then the european. my beginner question to the experts...
  • #507
  • Apr 5, 2008 12:52am Apr 5, 2008 12:52am
Eur/Jpy
TFH1 shows that last Friday’s high may complete a rally off the Wave 5:5 low at 153.36. However, it’s unclear whether the subsequent bearish reversal is impulsive or corrective.
End-of-wave targets (assuming the current move down is corrective) include:

158.14
156.31

Shorts should be taken immediately.
Near-Term Trend: Short.

The Daily Chart shows possible completion of the ABC correction off the
23 July 2007 high. Whether price has completed Wave C
(implied by the Wave 5:5 low) will depend on the emerging price pattern of the retracement off the Wave 5:5 low.

The bearish stochastic in both timeframes indicates that a multiday high has been reached, and that net price movement will be sideways to down over the next several trading days.
Overall Direction: Short.

Momentum Across Multiple Timeframes
TFW1 : Bullish Reversal
TFD1 : Bearish Reversal
TFH1 : Bearish/Oversold
Attached Image (click to enlarge)
Click to Enlarge Name: h.gif Size: 25 KB
  • #508
  • Apr 5, 2008 1:31am Apr 5, 2008 1:31am
i got this technique from my fren last nite and the rules so simple just looking and follow the same direction
Attached Image (click to enlarge)
Click to Enlarge Name: h.gif Size: 9 KB
  • #509
  • Apr 5, 2008 2:14am Apr 5, 2008 2:14am
Quoting Ultraman
i got this technique from my fren last nite and the rules so simple just looking and follow the same direction
Most important part you are missing is...... what Time frame,
As we chage Time frame..picture changes from bullish to bearish or reverse.
  • #510
  • Apr 5, 2008 3:12am Apr 5, 2008 3:12am
Quoting ramdas
Most important part you are missing is...... what Time frame,
As we chage Time frame..picture changes from bullish to bearish or reverse.
my fren said it's multi time frame and if u didn't see its..u just big view..
and u can see very clear signal..

regards,
  • #511
  • Apr 5, 2008 3:56am Apr 5, 2008 3:56am
I like this analysis and keep it up!
Patience, let the market come to you!
  • #512
  • Apr 6, 2008 1:33am Apr 6, 2008 1:33am
tom demark trading system
enjoy it
Attached Image (click to enlarge)
Click to Enlarge Name: h.gif Size: 24 KB
Attached File(s)
File Type: mq4 DeMark.mq4   17 KB | 351 downloads
File Type: mq4 DeMark Trendline Trader.mq4   22 KB | 369 downloads
File Type: mq4 i Trend.mq4   3 KB | 365 downloads
  • #513
  • Apr 6, 2008 3:09am Apr 6, 2008 3:09am
Hope you like Chart
showing E/J Resistance
Attached Image
  • #514
  • Apr 6, 2008 7:29pm Apr 6, 2008 7:29pm
Quoting Ultraman
Eur/Jpy
TFH1 shows that last Friday’s high may complete a rally off the Wave 5:5 low at 153.36. However, it’s unclear whether the subsequent bearish reversal is impulsive or corrective.
End-of-wave targets (assuming the current move down is corrective) include:

158.14
156.31

Shorts should be taken immediately.
Near-Term Trend: Short.

The Daily Chart shows possible completion of the ABC correction off the
23 July 2007 high. Whether price has completed Wave C
(implied by the Wave 5:5 low) will depend on the emerging price pattern of the retracement off the Wave 5:5 low.

The bearish stochastic in both timeframes indicates that a multiday high has been reached, and that net price movement will be sideways to down over the next several trading days.
Overall Direction: Short.

Momentum Across Multiple Timeframes
TFW1 : Bullish Reversal
TFD1 : Bearish Reversal
TFH1 : Bearish/Oversold
Trading Implications:
Momentum is bearish across both timeframes
Price pattern is bearish

Short following a break of the minor swing low at 159.22 as long as momentum remains bearish.

Targets

Price: 156.31

Time: 10-14 April
  • #515
  • Apr 6, 2008 7:40pm Apr 6, 2008 7:40pm
Quoting Ultraman
Trading Implications:
Momentum is bearish across both timeframes
Price pattern is bearish

Short following a break of the minor swing low at 159.22 as long as momentum remains bearish.

Targets

Price: 156.31

Time: 10-14 April
currently EURJPY make retracement rite now..so bullish for EURJPY
*Trade Call
- LONG at 160.09
- STOP LOSS at 159.80
- TAKE PROIT at 160.50
  • #516
  • Apr 6, 2008 9:10pm Apr 6, 2008 9:10pm
Quoting Ultraman
currently EURJPY make retracement rite now..so bullish for EURJPY
*Trade Call
- LONG at 160.09
- STOP LOSS at 159.80
- TAKE PROIT at 160.50
RESULT : successful @ hit TP
  • #517
  • Apr 9, 2008 11:39pm Apr 9, 2008 11:39pm
Hey all,

Check out this Daily Evening Star.

Jim
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 40 KB
  • #518
  • Apr 10, 2008 7:24am Apr 10, 2008 7:24am
Quoting hard1head1
Hey all,

Check out this Daily Evening Star.

Jim
Great candle Jim.

Whilst I'm OK at spotting these and appreciating the possible subsequent price action, my challenge is knowing where to get in so that I don't have have to use an unreasonably large SL to allow for pullbacks.

The current EUR/JPY candle on the daily has already moved around 200 pips.

Any advice?

Thanks
Rob
  • #519
  • Apr 19, 2008 6:53am Apr 19, 2008 6:53am
start on monday, my fren will give us signal for EURJPY only
he told me, this signal for day trading only
take profit from 20pips-50pips perday and stop loss 30pips,
he advice to me open 2 position on EURJPY,
1st post lock profit at 20pips and 2nd post let it be until he will give the exactly exit for 2nd post
trade at your risk,
  • #520
  • Apr 19, 2008 7:45am Apr 19, 2008 7:45am
Quoting Ultraman
start on monday, my fren will give us signal for EURJPY only
he told me, this signal for day trading only
take profit from 20pips-50pips perday and stop loss 30pips,
he advice to me open 2 position on EURJPY,
1st post lock profit at 20pips and 2nd post let it be until he will give the exactly exit for 2nd post
trade at your risk,
great
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