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Daily EUR/JPY analysis

  • #601
  • Jul 13, 2008 8:54am Jul 13, 2008 8:54am
What is going to be the next step to eur jpy tonite? I am short T/P short term 169 . How about you guys
  • #602
  • Jul 13, 2008 3:48pm Jul 13, 2008 3:48pm
Using the advice given by Peter Crowns¹, the pit trader, I am now long on the EUR/JPY:

Bought 169.55
Exit at 169.91
Stop loss: (***should I tell anyone?***)

It's a bit early to be doing this, because Tokyo isn't open yet; this might be the time when stop-hunters are out, trying to get a market advantage on me.

We'll see how it goes.

>>>EDIT -- I've already lowered my stop-loss so as not to get stop-hunted out.

¹To read that advice, click the link in my signature below.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #603
  • Jul 14, 2008 2:47am Jul 14, 2008 2:47am
http://bp2.blogger.com/_nmIuQsC9b-Q/...r++EUR+JPY.png
{Promotion Removed}
  • #604
  • Jul 14, 2008 12:07pm Jul 14, 2008 12:07pm
if japan shows any possible thought about rising interest rated this thing will go to 165 in one tick. If not, it also will go down, we toped
  • #605
  • Jul 14, 2008 2:33pm Jul 14, 2008 2:33pm
the downtrend witness on the eurjpn is a mere correction of the highs of last week,i feel there will be a cautious buy later.i will wait for market direction before placing my bet.
  • #606
  • Jul 17, 2008 4:56am Jul 17, 2008 4:56am
Quoting Algirdas
http://bp2.blogger.com/_nmIuQsC9b-Q/...r++EUR+JPY.png
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.JPG Size: 40 KB
  • #607
  • Jul 17, 2008 5:44am Jul 17, 2008 5:44am
http://bp1.blogger.com/_nmIuQsC9b-Q/...r++eur+jpy.png
{Promotion Removed}
  • #608
  • Jul 18, 2008 6:59pm Jul 18, 2008 6:59pm
Short 165.85 0.3 Lot
Short 168.46 0.3 Lot
Short 169.11 0.3 Lot

I don't see it going over 170.00. I'm almost to the point I must hedge to keep my margin +.
  • #609
  • Jul 19, 2008 9:15pm Jul 19, 2008 9:15pm
Quoting Algirdas
http://bp1.blogger.com/_nmIuQsC9b-Q/...r++eur+jpy.png
Thanks for the chart.
  • #610
  • Jul 19, 2008 10:19pm Jul 19, 2008 10:19pm
Quote

Euro rises to 4-day high versus Japanese Yen

7/18/2008 12:01 PM ET

The European common currency rose to a 4-day high against the Japanese yen
in late morning trading on Friday. After a sharp rise in the European session,
the euro moved considerably in a sideways pattern against the yen during
early New York trading today. Extending the rally, the euro climbed to a 4-day
high of 169.34 against the yen by about 11:25 am ET, compared to today's
early European session's low of 168.26 hit around 2:45 am ET.

In economic news, Euro-zone registered a trade deficit of EUR4.6 billion
on an unadjusted basis in May, in contrast to surpluses of EUR2.5 billion in April
and EUR1.4 billion in the previous year, the Euro-stat said today. Economists
had expected a deficit of EUR1 billion. The statistical office revised April's
surplus from EUR2.3 billion.


http://www.rttnews.com/Content/Curre...e=b3&Id=658476

My daily charts: Thursday July 17 (Tokyo time)

Open 166.29
High: 169.11
Low: 166.00 (max. range 311 pips)
CL:...168.39

Still testing 170.00.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #611
  • Jul 20, 2008 7:35am Jul 20, 2008 7:35am
hi fellow traders

Can anyone tell me where is EJ heading. Any possibility of it touching 170 by Euro Session?
  • #612
  • Jul 20, 2008 10:01pm Jul 20, 2008 10:01pm
Sonic Striker V2.2 is just released...

You can get it from http://tinyurl.com/497h3s


sonic
  • #613
  • Jul 20, 2008 10:10pm Jul 20, 2008 10:10pm
Quoting Alys59
hi fellow traders

Can anyone tell me where is EJ heading. Any possibility of it touching 170 by Euro Session?
I would normaly say no problem, but since it's the highest it has been since 1992 don't be surprised if there is at least some kind of retracement.
  • #614
  • Jul 20, 2008 10:16pm Jul 20, 2008 10:16pm
Quoting Alys59
hi fellow traders

Can anyone tell me where is EJ heading. Any possibility of it touching 170 by Euro Session?
Man, I hope not, I'm short.
  • #615
  • Jul 20, 2008 10:42pm Jul 20, 2008 10:42pm
Quoting Clouds
Man, I hope not, I'm short.
Hi Clouds,
I am still Waiting for confirmation...an would be more confident to short @ 169.90 than around these levels......

I have taken the plunge with a couple of lots @ 169.50
No Stop loss at these points dont wanna be caught out on any spikes...
I will add at higher levels...
I am exepcting a turn around in this week...due to not much major news
expect it to float betwwen 167 an 170 the whole of this week.
Lets see..
Also mommentum inicators everything pointing down

Good Luck Bears
  • #616
  • Jul 20, 2008 10:43pm Jul 20, 2008 10:43pm
chart
Attached Image
  • #617
  • Jul 20, 2008 10:53pm Jul 20, 2008 10:53pm
Quoting Jordanspips
I would normaly say no problem, but since it's the highest it has been since 1992 don't be surprised if there is at least some kind of retracement.
Jordanpips, you might have had your retracement last week...

Quoting Clouds
Man, I hope not, I'm short.
Clouds, you sure about that bro??

Been long from 9.25, target is 170. DP is 169.01, and SL is under that...
Attached Image
FUBAR...
  • #618
  • Jul 20, 2008 10:54pm Jul 20, 2008 10:54pm
Quoting ak4x
Jordanpips, you might have had your retracement last week...


Clouds, you sure about that bro??

Been long from 9.25, target is 170. DP is 169.01, and SL is under that...
170 is an all-time high, I dont ever trade for all-time highs, no i'm not sure, but I'm somewhat confident.
  • #619
  • Jul 20, 2008 10:54pm Jul 20, 2008 10:54pm
Quoting ak4x
Jordanpips, you might have had your retracement last week...


Clouds, you sure about that bro??

Been long from 9.25, target is 170. DP is 169.01, and SL is under that...
Look very muc like a hammer to me...exhausting of uptrend..
Need a bearish signal to confirm the change of trend...

http://forexfactory.com/attachment.p...1&d=1216618787


sonic
  • #620
  • Jul 20, 2008 10:56pm Jul 20, 2008 10:56pm
Quoting Clouds
170 is an all-time high, I dont ever trade for all-time highs, no i'm not sure, but I'm somewhat confident.
That's cool. I bet we both ride it down tho.
FUBAR...
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