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EUR/JPY

  • #341
  • Nov 10, 2008 6:47pm Nov 10, 2008 6:47pm
Quoting sonicdeejay
Shorted Eur/Jpy

Sonic

http://www.forexfactory.com/attachme...1&d=1226329277
update...

http://www.forexfactory.com/attachme...1&d=1226346094

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.PNG Size: 4 KB
  • #342
  • Nov 10, 2008 11:29pm Nov 10, 2008 11:29pm
This 1 hour chart has a nice Bollinger band pinch and a price breakout down. There is ranging in the 38% - 62% area. It reminds me of the old railroad companies adding on cars for all the passengers that want on for the next trip (down?). The 100% level is at 123.00, about 170 pips down.
Attached Image (click to enlarge)
Click to Enlarge Name: ey 1 hour #1 on 11-11-2008.gif Size: 45 KB
  • #343
  • Nov 11, 2008 12:03am Nov 11, 2008 12:03am
Quoting traderathome
This 1 hour chart has a nice Bollinger band pinch and a price breakout down. There is ranging in the 38% - 62% area. It reminds me of the old railroad companies adding on cars for all the passengers that want on for the next trip (down?). The 100% level is at 123.00, about 170 pips down.
this freako pair is ranging big time since last week...

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: ej112.gif Size: 21 KB
  • #344
  • Nov 11, 2008 12:04am Nov 11, 2008 12:04am
Quoting sonicdeejay
this freako pair is ranging big time since last week...

Sonic
seems like all it does..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #345
  • Nov 11, 2008 12:13am Nov 11, 2008 12:13am
Quoting england33
seems like all it does..
yes..same goes to all pairs...

Consolidation b4 continue or Consolidation b4 reversal...well..time will tel..


Sonic
  • #346
  • Edited 12:27pm Nov 11, 2008 11:28am | Edited 12:27pm
Quoting traderathome
This 1 hour chart has a nice Bollinger band pinch and a price breakout down. There is ranging in the 38% - 62% area. It reminds me of the old railroad companies adding on cars for all the passengers that want on for the next trip (down?). The 100% level is at 123.00, about 170 pips down.
The price made it down to the 100% level and some.... Now the question is will it bounce, or consolidate and drop more? This has earned some consolidation time....

Edit: Replaced chart to show Bollinger band pinch per chart in original post, and revised wording accordingly.
Attached Image (click to enlarge)
Click to Enlarge Name: ey 1 hour #2 on 11-11-2008.gif Size: 50 KB
  • #347
  • Nov 11, 2008 2:24pm Nov 11, 2008 2:24pm
This site needs more participants! I know some over on the EUR/USD site also trade the euroyen, but seem not to partake here.

It has been easier for me, much easier, to trade EJ for profits than the EU. The EJ has clearer ranges and trends. The EU by comparison is choppy.....dead for quite a while, then a sudden spike. Maybe the EU, because it is more widely traded than the EJ, attracts more of the big money manipulators. I do not know, but I am making profits much more quickly and easily with the EJ than the EU.

Still, it would be nice if more EJ traders participated here.
  • #348
  • Nov 11, 2008 3:50pm Nov 11, 2008 3:50pm
well you won me over, I poured over the EJ charts last weekend and really like how it moves and also the spread it usually lower than GJ.

consider me in
MUSTARD
  • #349
  • Nov 11, 2008 3:52pm Nov 11, 2008 3:52pm
my fist question: what is your takes on the direction? its at an obvious level of support, and the times its spent there makes me more inclined to think its gonna break it than bounce like it has in the past
MUSTARD
  • #350
  • Nov 11, 2008 4:15pm Nov 11, 2008 4:15pm
Quoting ColMustard
my fist question: what is your takes on the direction? its at an obvious level of support, and the times its spent there makes me more inclined to think its gonna break it than bounce like it has in the past
I trade AUDJPY, AUDUSD, EURJPY and EURUSD. EJ is my fave.

Support at 122 held 5 times. But I think we'll see more downside (500+pips?). Note descending triangle pattern (yellow). Also is in a short channel for quite a while. Who knows what fundies will do.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 133 KB
  • #351
  • Nov 11, 2008 4:35pm Nov 11, 2008 4:35pm
Quoting Gandolf
I trade AUDJPY, AUDUSD, EURJPY and EURUSD. EJ is my fave.

Support at 122 held 5 times. But I think we'll see more downside (500+pips?). Note descending triangle pattern (yellow). Also is in a short channel for quite a while. Who knows what fundies will do.
Agree...
  • #352
  • Nov 11, 2008 7:00pm Nov 11, 2008 7:00pm
Quoting Gandolf
I trade AUDJPY, AUDUSD, EURJPY and EURUSD. EJ is my fave.

Support at 122 held 5 times. But I think we'll see more downside (500+pips?). Note descending triangle pattern (yellow). Also is in a short channel for quite a while. Who knows what fundies will do.
Nice chart setup, Gandolf. Is it on MT4? If so, are the template and indicators public domain? I find it quite interesting.
  • #353
  • Nov 11, 2008 7:04pm Nov 11, 2008 7:04pm
Quoting traderathome
Nice chart setup, Gandolf. Is it on MT4? If so, are the template and indicators public domain? I find it quite interesting.
Not public domain,... i wrote the stuff and am not good at supporting software or training,... but if i get to know you... my Mom taught me to share.
  • #354
  • Nov 11, 2008 7:16pm Nov 11, 2008 7:16pm
Quoting Gandolf
Not public domain,... i wrote the stuff and am not good at supporting software or training,... but if i get to know you... my Mom taught me to share.
Fair enough.
  • #355
  • Nov 11, 2008 7:44pm Nov 11, 2008 7:44pm
Here are my 4hr and 1hr charts. Looking to short on retest of yellow trendline.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4hrej111108.gif Size: 18 KB
Click to Enlarge Name: 1hrej111108.gif Size: 20 KB
Trade what you see, not what you think.
  • #356
  • Nov 11, 2008 8:29pm Nov 11, 2008 8:29pm
My trade for last nite...any1 catch it?? we have similar situation in GBP/USD too...

Sonic



http://www.forexfactory.com/attachme...1&d=1226456665
  • #357
  • Nov 11, 2008 8:49pm Nov 11, 2008 8:49pm
It would be best if you'd just email me when those show up...nice trade!!!
  • #358
  • Nov 11, 2008 9:54pm Nov 11, 2008 9:54pm
The current 1 hour chart has the price fallng at the 123.00 level, a level that was previously support and for now seems to be holding as resistance. This is also the 100% fib extension level for the wide Bollinger band pinch. The price fell to the 162% level (121.25 area) and has pulled back (up) to the 100% level (123.00). In fact, the price activity for the past 12 hours has been mostly between the 100% and 162% levels.

So, it seems to me we have this wide range as a staging area for the next move, which may be defined by a run up thru 123.50, or down thru 121.00. And the long term trend is still down.
Attached Image (click to enlarge)
Click to Enlarge Name: ey 1 hour #3 on 11-11-2008.gif Size: 46 KB
  • #359
  • Nov 11, 2008 10:01pm Nov 11, 2008 10:01pm
Quoting sonicdeejay
My trade for last nite...any1 catch it??...
most of it while i was sleeping... woke up to a nice little pip present.

Gandy
  • #360
  • Edited 10:33pm Nov 11, 2008 10:18pm | Edited 10:33pm
Quoting traderathome
...This is also the 100% fib extension level for the wide Bollinger band pinch. ...
wanted to read up on fib level measurement of results of a BB pinch so did a search. just about every other post that i came across on FF was yours! Gonna read up and then i might have a few questions for the BB pinch expert.

Gandy
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