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If you love the EUR/JPY and you know it... clap your hands!

  • #141
  • Apr 28, 2009 9:46pm Apr 28, 2009 9:46pm
I went long.
  • #142
  • Apr 28, 2009 10:26pm Apr 28, 2009 10:26pm
last pull down. to almost 127.40 and hit my fib retrace .382 and maybe .500 @127.67 if .618 is broke. Going long but if .618 is touched looking for short
  • #143
  • Apr 28, 2009 11:34pm Apr 28, 2009 11:34pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Well, the gap has yet to close.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-04-29_eurjpy_1.gif Size: 31 KB
  • #144
  • Apr 28, 2009 11:39pm Apr 28, 2009 11:39pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
The Asia movement was absolutely clinical.
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Click to Enlarge Name: 2009-04-29_eurjpy_2.gif Size: 20 KB
  • #145
  • Apr 28, 2009 11:43pm Apr 28, 2009 11:43pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
The horizontal lines marked here were drawn on the down-movement on Monday. It is easy to see price react to the exact levels on the way up.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-04-29_eurjpy_3.gif Size: 21 KB
  • #146
  • Apr 28, 2009 11:49pm Apr 28, 2009 11:49pm
here's the current picture. Channel says down, but gap not closed yet. Ignore all the buy/sell lines.
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  • #147
  • Apr 28, 2009 11:53pm Apr 28, 2009 11:53pm
further to previous chart - I have a fully hedged EJ position and want to close it off and look for at least BE. Could close the long positions at gap closure/R3, or close at a loss at UTL and open another short - RISKY.
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  • #148
  • Apr 29, 2009 12:04am Apr 29, 2009 12:04am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting cgldsmth
further to previous chart - I have a fully hedged EJ position and want to close it off and look for at least BE. Could close the long positions at gap closure/R3, or close at a loss at UTL and open another short - RISKY.

You're looking to close one side of the hedge and leave the other running with SL at BE?
  • #149
  • Apr 29, 2009 12:04am Apr 29, 2009 12:04am
TP at BE.
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  • #150
  • Apr 29, 2009 12:17am Apr 29, 2009 12:17am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Trendline!
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  • #151
  • Apr 29, 2009 12:18am Apr 29, 2009 12:18am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting cgldsmth
TP at BE.

Ah, gotcha.
  • #152
  • Apr 29, 2009 12:21am Apr 29, 2009 12:21am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Some great levels lining up with Fibs and round numbers.
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  • #153
  • Apr 29, 2009 12:28am Apr 29, 2009 12:28am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
PnF support areas.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-04-29_eurjpy_6.gif Size: 60 KB
  • #154
  • Apr 29, 2009 1:03am Apr 29, 2009 1:03am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting yorkie
I'm thinking that E/Y goes to the north. to 127,20. It's only my think. What's You think??

Well, yorkie, we got 127.20...


Magnus
  • #155
  • Apr 29, 2009 1:07am Apr 29, 2009 1:07am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Doing a bit of boxing just now.

128.00 is the area to watch; 3 rejections so far - and you know what "they" say about the 4th attempt?...
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  • #156
  • Apr 29, 2009 1:22am Apr 29, 2009 1:22am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
.65 is a very clear price-pivot right now.

I'm watching to see if we get above .65, and are supported there.

Sunday gap close could very well be on soon if we break convincingly above 128.00.
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  • #157
  • Apr 29, 2009 2:23am Apr 29, 2009 2:23am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Price never even looked back after breaking up through .65
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  • #158
  • Apr 29, 2009 2:24am Apr 29, 2009 2:24am
gap closed. Have closed my longs for slight profit. Now have a hefty short in the red. Now what happens??????????
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  • #159
  • Apr 29, 2009 2:48am Apr 29, 2009 2:48am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
umm... ...coin flip?
  • #160
  • Apr 29, 2009 3:10am Apr 29, 2009 3:10am
Quoting cgldsmth
gap closed. Have closed my longs for slight profit. Now have a hefty short in the red. Now what happens??????????
What price is your short at? There is a chance it will turn now.

Price is at the top of it's daily avg range. Doesn't mean much but worth a mention. Currently stalling at R2. But I would not be surprised if this short term trend pushed to 129.30.

JC
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