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

  • #581
  • May 20, 2009 3:42am May 20, 2009 3:42am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting free4440273
exit 130.90

That's a scary R:R... perhaps...
  • #582
  • May 20, 2009 3:42am May 20, 2009 3:42am
Quoting free4440273
exit 130.90
nice, risky but nice, that is what i call nailing a retrace
The Chonchy
  • #583
  • May 20, 2009 3:46am May 20, 2009 3:46am
Quoting chonchy
nice, risky but nice, that is what i call nailing a retrace
thanks, but i am really unhappy with pips collected. Kicking myself that I missed the upside move from 129.85
  • #584
  • May 20, 2009 3:49am May 20, 2009 3:49am
Quoting Yuppie
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
is just a scalping strategy I use, since i just look at the cross, my other method is a bar chart for trending, but when it get slow I turn to this one
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The Chonchy
  • #585
  • May 20, 2009 3:51am May 20, 2009 3:51am
Quoting free4440273
thanks, but i am really unhappy with pips collected. Kicking myself that I missed the upside move from 129.85
well you can't have it all Free, next time you will cacth it
The Chonchy
  • #586
  • May 20, 2009 3:52am May 20, 2009 3:52am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting chonchy
is just a scalping strategy I use, since i just look at the cross, my other method is a bar chart for trending, but when it get slow I turn to this one

Wow!

How do you find it?

I had a read of THV, but the indicators were too much for me.
  • #587
  • May 20, 2009 3:55am May 20, 2009 3:55am
it hasen't reach M3 yet so I'm long at 130.80, TP-M3
The Chonchy
  • #588
  • May 20, 2009 4:02am May 20, 2009 4:02am
Quoting Yuppie
Wow!

How do you find it?

I had a read of THV, but the indicators were too much for me.
is a good strategy I use it for confirmation of the_dove alliance method, that i can't post here but this is a very good system, I use the 5 min here for entries
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The Chonchy
  • #589
  • May 20, 2009 4:04am May 20, 2009 4:04am
sorry wrong pair
The Chonchy
  • #590
  • May 20, 2009 4:08am May 20, 2009 4:08am
this happens when you don't previu the post sorry about that

sorry again not familiar with posting and editing
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The Chonchy
  • #591
  • May 20, 2009 4:12am May 20, 2009 4:12am
Attached Image (click to enlarge)
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The Chonchy
  • #592
  • May 20, 2009 4:20am May 20, 2009 4:20am
shorted the eurjpy at 130.80, stop at 131.20 .... looking forward to 130.60 or lower for a close. does anyone think it could reach there ?
prepare for worst & expect the best
  • #593
  • May 20, 2009 4:26am May 20, 2009 4:26am
Quoting tony_dtrader
shorted the eurjpy at 130.80, stop at 131.20 .... looking forward to 130.60 or lower for a close. does anyone think it could reach there ?
Since the 4H stoch turned bearish, I would not go short for now. Also 130.70 will be a tough support. If my 1H MACD turns bullish by 11:00 GMT, than i will long the pair until 131.20

be careful brother.
  • #594
  • May 20, 2009 4:27am May 20, 2009 4:27am
I think eurjpy will dragging down for longer term, because of current yen strength.
  • #595
  • May 20, 2009 4:32am May 20, 2009 4:32am
i'm lock in profit 1 pip, I think i made a premature entrie, if I'm stop, I'll reentrie, but i think we will see M3 today, don't you?
The Chonchy
  • #596
  • May 20, 2009 4:39am May 20, 2009 4:39am
even if the pair decides to go south, i would believe that it will go to 131.25 or perpahs 131.50 before doing so. To be honest i would be suprise if the pair goes south right away.
  • #597
  • May 20, 2009 4:40am May 20, 2009 4:40am
I'm lock in profit 10 pips, will it get there, M3 that is
The Chonchy
  • #598
  • May 20, 2009 4:46am May 20, 2009 4:46am
Quoting Galatasaray
Since the 4H stoch turned bearish, I would not go short for now. Also 130.70 will be a tough support. If my 1H MACD turns bullish by 11:00 GMT, than i will long the pair until 131.20

be careful brother.
Thanks, i was losing confidence in the sell trade. took exit for a -11pip. Will wait n watch
prepare for worst & expect the best
  • #599
  • May 20, 2009 4:47am May 20, 2009 4:47am
I got stop, not fair, I was so close to one of my target of 131.07, i could have taken profit at 130.97 but greed is a powerfull indicator
The Chonchy
  • #600
  • May 20, 2009 4:50am May 20, 2009 4:50am
Quoting tony_dtrader
Thanks, i was losing confidence in the sell trade. took exit for a -11pip. Will wait n watch
i hope you did not close your order at -11 pips because i said shorting would not be safe .. It was just an opinion... Just my way of saying my studies are not safe to go short.
look at my charts if you wish.
happy trading bro...
i hope i did not mislead you or anything.
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