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Daily EUR/JPY analysis

  • #721
  • Jul 24, 2008 3:22am Jul 24, 2008 3:22am
Quoting persian.forex
i have 4 buy, and im at -200 pip at eur jpy
, i hope back to 170

no man the trend is down possible to see 166.60 in two days
  • #722
  • Jul 24, 2008 3:25am Jul 24, 2008 3:25am
Quoting amed12
no man the trend is down possible to see 166.60 in two days
yes make 2 sell now

but gbp news is retail sell, i think e j is sell too
  • #723
  • Jul 24, 2008 3:54am Jul 24, 2008 3:54am
Quoting tokwanden
Hi all, just wake up from sleep. Wowowowow. My short is looking good. The candle is trying to penetrate the 1st support at 168.91 at 1hr TF. If it break out this support then my target to the 2nd support at 168.59.

Lower my SL to BE. Free trade now.
Closed 1 position at 168.75. Secure my profit for 45 pips. Let another 1 run with 20pips+ SL.
Go figure.. Simplicity work
  • #724
  • Jul 24, 2008 4:53am Jul 24, 2008 4:53am
this pair should go down, crash, crash, crash, i mean just crash.
know thy edge and abide by it ! 4 in it shall thou be successful !
  • #725
  • Jul 24, 2008 4:57am Jul 24, 2008 4:57am
Quoting tokwanden
Closed 1 position at 168.75. Secure my profit for 45 pips. Let another 1 run with 20pips+ SL.
Closed my 2nd position short for 47pips.. I'm chicken out . Total out 90pips profit. Not bad at all for novis trader like me. I,m done. See you all.
Go figure.. Simplicity work
  • #726
  • Jul 24, 2008 5:04am Jul 24, 2008 5:04am
Hi guys will try to contribute.... 12:04 luxembourg time

short gone yesterday @ 169.35 today_ stop/reverse position from short to long if 169.25 taken out

market sentiment still negative with usdjpy testing now the support at 107.60/65 from where a 107.30 target short term will be more than possible.
this would lead eurjpy lower as well given the fact eurusd is more like a washing machine and keeps the 1.5650/1.5700 range for now.

cheers
  • #727
  • Jul 24, 2008 5:04am Jul 24, 2008 5:04am
Hello gang,

Greetings from the other "Down Under" I am from New Zealand and really like this pair so you might see more of me. Short on EJ and believe that we should hit 168.26

Love your openess here.

Happy Trading
Phoenix
  • #728
  • Jul 24, 2008 5:10am Jul 24, 2008 5:10am
169.00/169.10 nice selling area with stops above at 169.25 target 168.25 (18 jul low) below that a tumble of 200 pips is possible...if it could combine with a lower eurusd below 1.5640.....great

bibi
  • #729
  • Jul 24, 2008 5:40am Jul 24, 2008 5:40am
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_D.png Size: 43 KB


test, does this work?

ang
  • #730
  • Jul 24, 2008 6:11am Jul 24, 2008 6:11am
i will sell around 169.50-169.70...still a long day to go
  • #731
  • Jul 24, 2008 8:05am Jul 24, 2008 8:05am
Quoting mrmunir
i will sell around 169.50-169.70...still a long day to go
do you mean 168? and not 169?
  • #732
  • Jul 24, 2008 8:59am Jul 24, 2008 8:59am
ej still ranging around 169.80-168.50..no direction yet..i will for weekly candle close this week...
  • #733
  • Jul 24, 2008 11:40am Jul 24, 2008 11:40am
look for ichimoku-cloud as resistance..

we may have a "dead cross" here, so this may go lower.

To early to decide.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 23 KB
  • #734
  • Jul 24, 2008 12:14pm Jul 24, 2008 12:14pm
Quoting peaches
look for ichimoku-cloud as resistance..

we may have a "dead cross" here, so this may go lower.

To early to decide.


EUR/CHF looks good for a short now that 162.48 just broke.

Peaches your thoughts?
  • #735
  • Jul 24, 2008 12:34pm Jul 24, 2008 12:34pm
IŽll short eur/chf when daily candle close, too.
A bit patience, candle close is part of my trading system.
  • #736
  • Jul 24, 2008 1:12pm Jul 24, 2008 1:12pm
Quoting poweredbuyer
Since its bed time for me and I need my sleep I have two orders pending based on the EURO Open and news release.

1. LONG EUR/JPY @ 169.750 TP 170.350 SL 169.350
2. SHORT EUR/JPY @ 168.900 TP 167.800 SL 169.350

Keep in mind if we do go SHORT ie. Bad EURO data I see more downside to possibly 167.000 or lower but im playin it safe.

On the upside I think a break of 170.000 we will face some psychological resistance forcing the price down therefore Trade # 1 may not be the best.

I hope someone followed my call from last night. Hold this one for 165.50 change ur TP
  • #737
  • Jul 24, 2008 1:14pm Jul 24, 2008 1:14pm
Quoting poweredbuyer
I hope someone followed my call from last night. Hold this one for 165.50 change ur TP

Fundamental Reason as well folks JPY CPI will beat the forecast.
  • #738
  • Jul 24, 2008 2:16pm Jul 24, 2008 2:16pm
Quoting ak4x
Well, another few pips down, and my long won't look so good either.

No worries, my stops are tight, and just below those are my sell stops... R/R is very good at these levels. Risk a few for the upside,and if I'm wrong then the downside shorts more than make up for the losses...
Oh well. Plan A cost me a few, and will have to wait for another day. Plan B seems to be working out rather well tho... At least the shelf life of bad news has gotten extremely short these days. I'm keeping my original chart warm on the back burner for now... That's Trading!!

PS. Tokwanden, good on ya for holding your shorts. If someone else can talk you out of a trade you feel good about for reasons of opinion or perspective, and not something you overlooked, you probably shouldn't have been in it anyway... You earned your pips bro...
FUBAR...
  • #739
  • Jul 24, 2008 2:34pm Jul 24, 2008 2:34pm
Looking possibly as low as 167.50ish before a turn IF it breaks 168... That is 50% of climb up, and longer TF's liked it on the way up for resistance. But if it doesn't break below 168 by early Asian session, I'm closing 3/4 of my shorts, and will watch for a good long entry. These are interesting times...

Current candle on chart closes at 7pm CST, has 4 hrs to go.
Attached Image
FUBAR...
  • #740
  • Jul 24, 2008 6:34pm Jul 24, 2008 6:34pm
Is the fall will continue ????
Don't Blame Yourself This Is Forex...
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