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Daily EUR/JPY analysis

  • #1,801
  • Sep 22, 2008 9:07pm Sep 22, 2008 9:07pm
I'm in a short @ 155.76 Aiming for 154.75 as a take profit with a stop loss @
156.60 its a little jumpy (when isn't the EurJpy other than thursday evening going into friday) but looks like it's gonna happen. What does everyone think?

I don't see it going down much more than that real fast but it should be a nice little retracement from the thursday/ Friday movement and could be a good entrance for a long at 154.75
  • #1,802
  • Sep 23, 2008 4:25am Sep 23, 2008 4:25am
EURJPY has been good to me from the 18th of September +408 pips. that is sexy
Twitter: @forexpokerpro
  • #1,803
  • Sep 23, 2008 2:37pm Sep 23, 2008 2:37pm
Quoting Jordanspips
I'm in a short @ 155.76 Aiming for 154.75 as a take profit with a stop loss @
156.60 its a little jumpy (when isn't the EurJpy other than thursday evening going into friday) but looks like it's gonna happen. What does everyone think?

I don't see it going down much more than that real fast but it should be a nice little retracement from the thursday/ Friday movement and could be a good entrance for a long at 154.75
Hit my take profit! always a plus when the trade you post ends up to be a good one!
  • #1,804
  • Sep 26, 2008 3:26am Sep 26, 2008 3:26am
shorted at 154.66
Twitter: @forexpokerpro
  • #1,805
  • Sep 27, 2008 9:42am Sep 27, 2008 9:42am
Quoting kujo17
I'm sitting out until the weekend's over.
Worried it may gap down after such a fast run up today.

a 130% week made me very happy on the EJ this week.

I was sad I TP's alot lower than she ran up to today though.

But, that's the hard part about working a 70 hour a week job AND trading.

Have a great weekend all.
Kujo congrats on your trading. I've read and enjopyed your posts. I learned a lot from your journal. For scalping are you still using the 5-5 smas or the 10-20-50 smas? I find the latter easier to work with...along with qqe and other indis.

Thanks,
Sandy
  • #1,806
  • Sep 28, 2008 1:33pm Sep 28, 2008 1:33pm
What I've identify EURJPY had broke my Resistance line on TF1 Hrs.
So for me, there will have a gap below and will up about 100 pip.
Because on TF Daily hammer formation.
So my expected there will one or 2 more up before we know
where is the movement go?

Please do correct me if i'm wrong!!!!
  • #1,807
  • Sep 28, 2008 11:04pm Sep 28, 2008 11:04pm
on the 4hr chart, it's sideways. on the daily it's also unclear where it will go. we'll just have to wait a bit more.
currently touching 4hr support at 154.32
Twitter: @forexpokerpro
  • #1,808
  • Sep 28, 2008 11:46pm Sep 28, 2008 11:46pm
Quoting nubchai
Kujo congrats on your trading. I've read and enjopyed your posts. I learned a lot from your journal. For scalping are you still using the 5-5 smas or the 10-20-50 smas? I find the latter easier to work with...along with qqe and other indis.

Thanks,
Sandy
for scalping I use a 4 sma close, 8 ema open and 14 sma close on the 5M/15M charts.
I only scalp in the 30m/1H trends.
I do use TLs on the scalping now as well.

I also use a 4H strat as well for Limit orders.
TLs, 10,20,50 and ZL MACD indicator.

That's basically it.
I've evolved a bit and made things as simple as possible and ONLY take trades when I'm as sure as I can be about.

I dont' try to pick bottoms or tops anymore and things have worked pretty well these last 6 weeks.

k
  • #1,809
  • Sep 29, 2008 12:02am Sep 29, 2008 12:02am
Quoting kujo17
for scalping I use a 4 sma close, 8 ema open and 14 sma close on the 5M/15M charts.
I only scalp in the 30m/1H trends.
I do use TLs on the scalping now as well.

I also use a 4H strat as well for Limit orders.
TLs, 10,20,50 and ZL MACD indicator.

That's basically it.
I've evolved a bit and made things as simple as possible and ONLY take trades when I'm as sure as I can be about.

I dont' try to pick bottoms or tops anymore and things have worked pretty well these last 6 weeks.

k
Nice to see ur post..
EJ look like on it ways to 152?
  • #1,810
  • Sep 29, 2008 1:28am Sep 29, 2008 1:28am
Quoting sonicdeejay
Nice to see ur post..
EJ look like on it ways to 152?
could be, but there is BIG bullish Divergence on the 4H ???
So, we'll have to see what happens.

Been doing well trading the EJ all on it's own lately.

152.55 would be my TP area if she doesn't stall up.

After that we could fall back to 147 area...... damn....
  • #1,811
  • Edited 4:09pm Sep 29, 2008 3:36pm | Edited 4:09pm
Quoting kujo17
for scalping I use a 4 sma close, 8 ema open and 14 sma close on the 5M/15M charts.
I only scalp in the 30m/1H trends.
I do use TLs on the scalping now as well.

I also use a 4H strat as well for Limit orders.
TLs, 10,20,50 and ZL MACD indicator.

That's basically it.
I've evolved a bit and made things as simple as possible and ONLY take trades when I'm as sure as I can be about.

I dont' try to pick bottoms or tops anymore and things have worked pretty well these last 6 weeks.

k
Kujo thanks, So you got rid of QQE and stochs and CCI too? That's barebones trading! Sometimes simpler is better.

I'm using the 5 - 5 cross with QQE and Stochs. I get the trend for the 30 and 15 and then trade on the 5. I have a couple of other indis I check. But mostly I just watch for the cross, check the QQE and enter on the cross. But today I dropped down to the 1M as an experiemnt and got some pretty good pips. Once it got whipsawy I went back to the 5 M

Take care.
  • #1,812
  • Sep 29, 2008 11:39pm Sep 29, 2008 11:39pm
yup..... Keep it simple stuipd is my motto now... and working better than ever before......

Riding the EJ back up a bit now.... 3 longs in profit.
We'll see how much she runs up......
  • #1,813
  • Sep 30, 2008 1:02am Sep 30, 2008 1:02am
Quoting kujo17
yup..... Keep it simple stuipd is my motto now... and working better than ever before......

Riding the EJ back up a bit now.... 3 longs in profit.
We'll see how much she runs up......
Kujo,

That will be nice, if u can post some of ur pos wif analysis...wanna see how u do/analyse too...

Sonic
  • #1,814
  • Sep 30, 2008 6:11pm Sep 30, 2008 6:11pm
SDJ,

Hey bud.
Well, right now, I'm long from 148.70 and 149.00
Both were Buy Limit orders hit overnight (for me).
They were the bottom of my 4H channel/TL where I thought it would bounce from, as there was Daily/4H support there.

Both are obviously in profit.

The 4H chart has a strong support level at the 148.81 area.
3 tries on the 4H and no breach.
The Upper TL on the 4H is wedging it into a tight descending wedge.

The ZL MACD is just crossing over the 0 line and if she breaches the upper TL, I'll target the 152.70 area, as that is the 50.0 Fibo retracement of the last fall.

If the 1H stalls up and or reverses there, I'll put in a small short position.
If the 4H hits some resistance there, I'll add a bigger short position and target the 147 area on the drop down.

If the 147 area eventually gets breached on the Daily with good momentum, then a long term target would be 132.8x area.

If there is a bounce/rejection of 147 on the daily again, it would be a double bottom and would then target 169 in the long term on a full upswing of the daily.

Weekly chart is showing a possible up move as well, if 147 holds another try.

Trade your system, trade your charts, trade what YOU see all !!
  • #1,815
  • Oct 1, 2008 9:44am Oct 1, 2008 9:44am
tumbling down
  • #1,816
  • Oct 1, 2008 1:56pm Oct 1, 2008 1:56pm
when the 147.66 area is broken with a 4H or daily close below.... watch out 132, over the coming weeks !!!
  • #1,817
  • Oct 1, 2008 11:11pm Oct 1, 2008 11:11pm
at least I have the Red Sox v. Angels game to watch..... cause this ain't goin Anywhere........... but when it does, I think it's gonna explode.
  • #1,818
  • Oct 3, 2008 7:49am Oct 3, 2008 7:49am
Take a look @ EJ in 5M TF,,,when NFP out...

it is like double bladed doji to whip LONG/and SHort out...

Well..I was the t lucky one..for this...

Earn 20 pips fr SHORT and
EArn 30 pips fr LONG..


Sonic
Attached Image
  • #1,819
  • Oct 5, 2008 6:42am Oct 5, 2008 6:42am
EJ for me.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ 05Oct08 Monthly.jpg Size: 126 KB
Click to Enlarge Name: EJ 05Oct08 Weekly.jpg Size: 125 KB
  • #1,820
  • Oct 8, 2008 2:20am Oct 8, 2008 2:20am
EUR/JPY 200 pips in 5mins....

Sonic
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Click to Enlarge Name: 200pips.PNG Size: 37 KB
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