EUR/JPY Trading Room

next bull task is to take out 165.47 and stick.. this could justify stop adjustment

It looks like the worm has finally turned here and that equities are likley to go into Bear Mode. That wil cause the carry trades to sell off as well and that means EUR/JPY (and the other JPY crosses) look to be headed south for the winter.

that was prophetic newstrader.

Any analysis or views update on this pair? Thanks

deltaworld,

I'm just a newb still on demo, but I'm only trading ej, so I would love to see this room come alive again.

I need to defer to experience here, does the head-and-shoulders pattern on the daily chart signal a full on reversal, or can it just break the neckline and then continue upward?

I don't trust my own analysis enough yet to determine, and I don't want to find myself with a bullish mentality in a bearish trend.

Trade for today:

Short EJ around 127.50 s/l 128.33
Target 1 127.30 move s/l to 127.80
Target 2 126.55 move s/l to 127.30

I am long now at 126.67 targeting 127.10, the above trade is big trade.

Stopped out was hoping fro retracement.

any thoughts on tonight's asian session?

I'm short @ 126.74, and looking to add to it, but I am waiting to see which direction it will go.

oops. just added another short @ 126.50.

Personally, I am still a little biased long, but this neckline has been found, but not broke.

Furthermore, the head (daily chart) fits snugly on the weekly 38.2% fib, and the neckline at the 23.6% fib, so this seems meaningful to me.

I will keep my shorts (with stops at BE) open and see how far she can fall.

added one more short at 126.19

closed all shorts for bout 80 pips and went long.

think I've seen this movie before.

So, I will refrain from posting while trying to trade at the same time, since this is not a journal, I just got carried away last night.

Does anybody here trade the asian session? I would be interested in your opinion.

I drew a quick TL on the daily, and price has most definitely broken it, so does this mean that bearishness is the new black as far as EJ is concerned?

There is still some validity to a long bias, but each day wears that down a little bit more.

As a newb, I still remember opening a short position way back at 112, and have concluded that my ability to discern honest-to-god reversals is not what it should be.

Anybody's thoughts would be appreciated.

Im new here, and Im Trading in Asian Session for EJ

This thread is mostly dead.

Join us at "if you love eur/jpy, clap your hands" thread.

lots of good folks and different views.

Low

Short From 134.8 Till 132.6

Short @132.95 TP 131.68 SL 134.88

Ready to break at 134.41

blueish sky above.....daytrade and leave some on for swingo

This pair is walking slide nowadays.

What´s happening?


See ya.

what is going on? this pair doesn't know which way to go.

I see a butterfly there !

So , It's still Bearish !