Attachments: Daily EUR/JPY analysis

Daily EUR/JPY analysis

#1,721
Sep 9, 2008 10:13pm Sep 9, 2008 10:13pm

DivePIPS
| Joined Jun 2007 | Status: Trader | 101 Posts

Quoting sonicdeejay

Disliked

Foaming a IB .... Breakout on the card...

Sonic

Ignored

Sonicdeejay - What time frame are you using on this pic?

Looks like the 1HR, can you confirm?

Thanks

#1,722
Sep 9, 2008 10:28pm Sep 9, 2008 10:28pm

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,073 Posts

Quoting DivePIPS

Disliked

Sonicdeejay - What time frame are you using on this pic?

Looks like the 1HR, can you confirm?

Thanks

Ignored

yes..H1 TF..my friend...
I am still bias for short..but I will consider for LONG if 152 broke strongly..

sonic

#1,723
Sep 9, 2008 10:37pm Sep 9, 2008 10:37pm

kujo17
| Joined Dec 2007 | Status: Wish I had more capital !! ;-) | 1,050 Posts

Longer term, short...

I went long at 150.85 on a bounce off the 30M lower TL.
I'll hold it a bit longer.

Right now price is held up at the 33sma, which is exactly at the upper TL of this wedge on the 30m.

I think she might break and run up to 152.48 (my TP) area and then bounce and short her from the Top again.

Just have to wait and see.

#1,724
Edited 10:49pm Sep 9, 2008 10:38pm | Edited 10:49pm

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,073 Posts

Quoting kujo17

Disliked

Longer term, short...

I went long at 150.85 on a bounce off the 30M lower TL.
I'll hold it a bit longer.

Right now price is held up at the 33sma, which is exactly at the upper TL of this wedge on the 30m.

I think she might break and run up to 152.56 area and then bounce and short her from the Top again.

Just have to wait and see.

Ignored

U r indeed riding a trend...buddy..
As for me..it is good to wait till London Open too..

we have galore of EUro News coming out in hours time..and we shall see some decent movement by then...

Sonic

#1,725
Sep 9, 2008 11:08pm Sep 9, 2008 11:08pm

kujo17
| Joined Dec 2007 | Status: Wish I had more capital !! ;-) | 1,050 Posts

price stalled up too long.
punched out my long from 150.85 and just booked profits.

Now short for a small 3 lot position with tight SL incase she pokes past the upper TL and 33sma on the 30m.

#1,726
Sep 9, 2008 11:10pm Sep 9, 2008 11:10pm

kujo17
| Joined Dec 2007 | Status: Wish I had more capital !! ;-) | 1,050 Posts

just in time.
she just pushed down 14 pips. sweet.

30m RSI and MACD we're at Overbought areas.

#1,727
Sep 9, 2008 11:47pm Sep 9, 2008 11:47pm

kujo17
| Joined Dec 2007 | Status: Wish I had more capital !! ;-) | 1,050 Posts

ooops.
let see if 151.90 holds her down.

#1,728
Sep 10, 2008 12:32am Sep 10, 2008 12:32am

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,073 Posts

what a break out .. 80 pips in a flash...
Something brewing for EURO...

sonic

#1,729
Sep 10, 2008 12:48am Sep 10, 2008 12:48am

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,073 Posts

Quoting sonicdeejay

Disliked

what a break out .. 80 pips in a flash...
Something brewing for EURO...

sonic

Ignored

80 PIPS up... down 60 pips...

Hopefully no 1 get whipped..

Sonic

#1,730
Sep 10, 2008 12:53am Sep 10, 2008 12:53am

anne_81
| Joined Nov 2007 | Status: The Opportunist | 100 Posts

had a pending buy order at 151.67 but got cancelled at last minute..a minute after that the EJ took off..sighhh

"Building Wealth By Confidence, Consistency, & Compounding"

#1,731
Sep 10, 2008 1:04am Sep 10, 2008 1:04am

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,073 Posts

Quoting anne_81

Disliked

had a pending buy order at 151.67 but got cancelled at last minute..a minute after that the EJ took off..sighhh

Ignored

80 pips up... 120 pips down....I don't get it anymore...

Sonic

#1,732
Sep 10, 2008 3:20am Sep 10, 2008 3:20am

ddblue
| Joined Apr 2007 | Status: The Italian Job | 303 Posts

All my trusted news sites say short this long term. I am also biased toward shorting this pair, just waiting for the right entry. How high back up is she gonna go before she falls on her face again?

edit: she's trying so hard to break 152.00, but she just can't stay up there.

Do you think the karate kid knows kung-fu?

#1,733
Sep 10, 2008 7:48am Sep 10, 2008 7:48am

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,073 Posts

wow.whipsaw 100 pips in 30mins span..

sonic

#1,734
Sep 10, 2008 7:59am Sep 10, 2008 7:59am

PipsFinder
| Joined Jul 2008 | Status: Let's Go | 188 Posts

next target is : 149.30

Don't Blame Yourself This Is Forex...

#1,735
Sep 10, 2008 8:53am Sep 10, 2008 8:53am

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,073 Posts

Quoting PipsFinder

Disliked

next target is : 149.30

Ignored

it jus refuse to go down..buddy,,,
it is in the ranging...look like a trend reversal in a making..

sonic

#1,736
Sep 10, 2008 9:08am Sep 10, 2008 9:08am

fx_lane
| Membership Revoked | Joined Aug 2007 | 217 Posts

Quoting sonicdeejay

Disliked

it jus refuse to go down..buddy,,,
it is in the ranging...look like a trend reversal in a making..

sonic

Ignored

On both 30M and 1H there's bullish divergence

All the best things in life are free.

#1,737
Sep 10, 2008 9:24am Sep 10, 2008 9:24am

zero1
| Joined Apr 2008 | Status: Trader | 16 Posts

Hello Guys, I am a fan of EJ pair, reading your thread.
Pls see the chart - it reminds about 423% of fibo. Seems downside price pulse is losing its strength but be carefull...

Attached Image (click to enlarge)