If you love the EUR/JPY and you know it... clap your hands! | Page 29 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

Your own HOLY Grail (and how you know you've found it) 19 replies

Trade What You Know and Know What You Trade 4 replies

Know Yourself, Know Your Setup, by Boris Schlossberg 9 replies

dont fall in love with your daily return 11 replies

Im in love with eur/jpy! 0 replies

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

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

  • #561
  • May 19, 2009 5:56am May 19, 2009 5:56am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Yani
I will not sell 'till i see this trend line break and the market making a lower high and lower lows...

graph to show - EUR/JPY 15M


  • #562
  • May 19, 2009 8:26am May 19, 2009 8:26am
Well, the market looks like reached the turning point.
Waiting now for a retracement and jump into the continuiation...

What do you think about it?
  • #563
  • May 19, 2009 8:34am May 19, 2009 8:34am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Yani
Well, the market looks like reached the turning point.
Waiting now for a retracement and jump into the continuiation...

What do you think about it?

Well, I'm not taking profits on my shorts yet.

It's usually 50:50 though.

It can do anything...


Magnus
  • #564
  • May 19, 2009 11:08am May 19, 2009 11:08am
I have to say, that after last week's analysis, and a subsequent 300+ pip move in my favor, it's REALLY hard to try and change one's mental bias.

I took what looked like good short opportunities at potential pivots yesterday, lost, and controlled my losses, yet I have to think to myself, there was a ton of pips available if hadn't been directionally biased.

One interesting note, Oanda does not allow hedging, so as long as I had a short position open, I couldn't take a long, so a technicality also prevented me from taking advantage of some opportunities.

Basically, once I had convinced myself there was only one way to go, it was very difficult to overcome the bias.

Maybe in the future, when I've convinced myself of one thing or another, I'll put a trendline or some other marker on the chart that says "when price gets here, unlock your mind", at a point where my analysis is proven wrong, because otherwise, I need AS GOOD of a reason to unlock as I had to lock it .

Just some thoughts.
  • #565
  • May 19, 2009 11:24am May 19, 2009 11:24am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Low
I have to say, that after last week's analysis, and a subsequent 300+ pip move in my favor, it's REALLY hard to try and change one's mental bias.

I took what looked like good short opportunities at potential pivots yesterday, lost, and controlled my losses, yet I have to think to myself, there was a ton of pips available if hadn't been directionally biased.

One interesting note, Oanda does not allow hedging, so as long as I had a short position open, I couldn't take a long, so a technicality also prevented me from taking advantage of some opportunities.

Basically,...

Yeah, it's tricky.

Still working on it.

Last week was an easy week where you could basically short anywhere and let it run.

This week has so far been quite different - and like you say Low, it's most difficult to get your brain to change gear for such a different type of market.


Magnus
  • #566
  • May 19, 2009 8:14pm May 19, 2009 8:14pm
Quoting Low
I have to say, that after last week's analysis, and a subsequent 300+ pip move in my favor, it's REALLY hard to try and change one's mental bias.

I took what looked like good short opportunities at potential pivots yesterday, lost, and controlled my losses, yet I have to think to myself, there was a ton of pips available if hadn't been directionally biased.

One interesting note, Oanda does not allow hedging, so as long as I had a short position open, I couldn't take a long, so a technicality also prevented me from taking advantage of some opportunities.

Basically,...
Pretty much my story too, Low. I missed my short target on the trip south by 4 pips on my second lot. I got out soon after but was reluctant to take the long signals that I had. Very disappointed with my self. I am currently short as I had a valid signal.
FF journal: Peaks and Troffs
  • #567
  • May 19, 2009 9:18pm May 19, 2009 9:18pm
eurjpy looks want to go down.
  • #568
  • May 20, 2009 3:01am May 20, 2009 3:01am
Me think a retest of 131.07 is in place what do you guys think, M3 at 131.36
Attached Image (click to enlarge)
Click to Enlarge Name: RETEST.GIF Size: 41 KB
The Chonchy
  • #569
  • May 20, 2009 3:08am May 20, 2009 3:08am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting chonchy
Me think a retest of 131.07 is in place what do you guys think, M3 at 131.36

Me thinks you have the strangest looking charts I have seen in some time...

Well, E/J is certainly strong this morning!!
  • #570
  • Edited 4:39am May 20, 2009 3:10am | Edited 4:39am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Posted this on VSA thread.

Reluctant to bring volume here, but it's E/J so I owe it to the thread.

10-min chart.


Magnus


EDIT: Chart re-labelled due to mis-labelling.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-20_eurjpy_14.gif Size: 30 KB
  • #571
  • May 20, 2009 3:12am May 20, 2009 3:12am
Attached Image (click to enlarge)
Click to Enlarge Name: RETEST.GIF Size: 52 KB
The Chonchy
  • #572
  • May 20, 2009 3:14am May 20, 2009 3:14am
sorry newbee here, no good with charts as you, sorry, no post no more, sorry
The Chonchy
  • #573
  • May 20, 2009 3:23am May 20, 2009 3:23am
131.40 a realistic target. better to ex off and watch what happens
prepare for worst & expect the best
  • #574
  • May 20, 2009 3:25am May 20, 2009 3:25am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting chonchy
sorry newbee here, no good with charts as you, sorry, no post no more, sorry

Hey, keep posting chonchy.

Just don't see many people using a zoomed-in line-chart.

Don't let my garbage comments put you off...


Magnus
  • #575
  • May 20, 2009 3:26am May 20, 2009 3:26am
short 131.17
  • #576
  • May 20, 2009 3:27am May 20, 2009 3:27am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Mid-close of bar on higher volume - definately sellers at this level.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-20_eurjpy_24.gif Size: 24 KB
  • #577
  • May 20, 2009 3:28am May 20, 2009 3:28am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting free4440273
short 131.17

Where's your stop?
  • #578
  • May 20, 2009 3:30am May 20, 2009 3:30am
Quoting Yuppie
Where's your stop?
131.45
  • #579
  • May 20, 2009 3:32am May 20, 2009 3:32am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting free4440273
131.45

Thanks free.
  • #580
  • May 20, 2009 3:34am May 20, 2009 3:34am
Quoting free4440273
short 131.17
exit 130.90
2 traders viewing now