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Cable EURUSD USDJPY Trading Discuss

  • #21
  • Jan 30, 2007 7:28pm Jan 30, 2007 7:28pm
Cable has crossed a Small trendline which started on the 30th, since then it's been consolidation really, 10 hours and 20 pip range.

If you look there is a slight angle for an uptrend, the 9628 mark looks like it's showing strong resistance, but i expect it will need to break 9635-39 to confirm a move up, although personally i wouldnt expect it to go much past 9650 in the short term.

What do you guys think
  • #22
  • Jan 30, 2007 7:31pm Jan 30, 2007 7:31pm
I too want to short usd/jpy, but I do see the support. MACD and RSI are diverging somewhat. Could be a consolidation period. MACD/RSI both have lower highs, but higher lows. See 4 hr chart

http://img244.imageshack.us/img244/5...djpyqk5.th.jpg
  • #23
  • Jan 30, 2007 7:49pm Jan 30, 2007 7:49pm
Quoting Kwackers
Cable has crossed a Small trendline which started on the 30th, since then it's been consolidation really, 10 hours and 20 pip range.

If you look there is a slight angle for an uptrend, the 9628 mark looks like it's showing strong resistance, but i expect it will need to break 9635-39 to confirm a move up, although personally i wouldnt expect it to go much past 9650 in the short term.

What do you guys think
after i got the short, i felt the price is a little bit strong, i will stop out 9635 if above that and go long from there. till now, i am 3 pips underwater, not big deal. also if i cover cable, i will cover euro.

thanks. any thought about usdjpy?
  • #24
  • Jan 30, 2007 8:01pm Jan 30, 2007 8:01pm
Right off to bed, i'm sure i'll miss a perfect breakout
  • #25
  • Jan 30, 2007 8:08pm Jan 30, 2007 8:08pm
Quoting Kwackers
Right off to bed, i'm sure i'll miss a perfect breakout
after the trend setup, you can get more entry.

from now, gbp seems strong but euro seems weak.

also eurjpy weak but usdjpy strong.
  • #26
  • Jan 30, 2007 8:30pm Jan 30, 2007 8:30pm
from monthly chart, according to the equal step, the target for cable should be around 2.0430.

and the next movement shape from now might same as the red shape and time frame also like that.

that is just my step guess.

till now, i still hold my short position. and if cable below 9600, i will double down there.
Attached Image
  • #27
  • Jan 30, 2007 8:38pm Jan 30, 2007 8:38pm
here is usdjpy monthly chart. it is easy to get the pattern for me. if usd breaks the blue line, my target for it might be around 130 first. my final step target will be 140 which seems impossible but in 70s, we got more than 300.

and that is why 121. 77-122 is so difficult to break.
Attached Image
  • #28
  • Jan 30, 2007 8:51pm Jan 30, 2007 8:51pm
here is eurusd monthly chart and according to my step theory, the target shoud be around 1.4500

the circle is the half of the square and the smallest square should be half of the circle. this is rough caculation. the time frame can refer the square plus circle.
Attached Image
  • #29
  • Jan 30, 2007 9:07pm Jan 30, 2007 9:07pm
usdjpy is third time to test the low 121.50-54 and i believe the next test will break down. let us see it and i will get my order ready to short belwo 121.50.
  • #30
  • Jan 31, 2007 12:13am Jan 31, 2007 12:13am
Ok doke. I'm in short on usd/jpy. So far so good. I'm wondering how the falling MACD and RSI on the 4 hour will do against the trendline that has formed since the 5th of december. Think it's time to break it?
  • #31
  • Jan 31, 2007 5:10am Jan 31, 2007 5:10am
just wake up, need to see something happen!

9547 is kep level now for cable. look for a small rally here.
  • #32
  • Jan 31, 2007 5:28am Jan 31, 2007 5:28am
current level:

cable: 9547, above that, 9584, below, may retest 9509

Eurusd: 2943 is key resistance, i don't think it can break there.

USDJPY: it is getting back to 50, very impressive, watching is best way now.
  • #33
  • Jan 31, 2007 5:46am Jan 31, 2007 5:46am
here is eurusd, we are still in an uptrend channel.
Attached Image
  • #34
  • Jan 31, 2007 6:14am Jan 31, 2007 6:14am
update key levels:

GBPUSD: 9620, 9583, 9547, 9510,9474, 9556
EURUSD: 961, 943, 924, 906, 887
USDJPY:121.93, 121.73, 121.53, 121.34, 121.14, 120.94
  • #35
  • Jan 31, 2007 7:53am Jan 31, 2007 7:53am
9474 might bottom today for cable. consider to get some there.

in eur 2935 long, look for 10 pip fast money
  • #36
  • Jan 31, 2007 7:59am Jan 31, 2007 7:59am
in cable long 9480, quick 20 pips. my stop loss for cable all 20 pips, others 15 pips - 10 pips.
  • #37
  • Jan 31, 2007 8:09am Jan 31, 2007 8:09am
i out all. got small gain.
  • #38
  • Jan 31, 2007 8:11am Jan 31, 2007 8:11am
121.73 is my number for jpy short. i am ordering ready to go there.

i didn't get it till now. wait for minor sign.
  • #39
  • Jan 31, 2007 8:14am Jan 31, 2007 8:14am
after 10:00 economy numbers, i will buy any dip for eur.
  • #40
  • Jan 31, 2007 9:07am Jan 31, 2007 9:07am
look for gbp, euro totally reveral today. all will be greeen
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