Any EUR JPY trader out there?
- #3
- Jul 31, 2009 12:48am Jul 31, 2009 12:48am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #4
- Jul 31, 2009 3:30am Jul 31, 2009 3:30am
- Joined Jun 2007 | Status: Know that you don't know. | 2,943 Posts
Open a weekly chart going back to around mid May of 2003 and you'll see 135 is a level E/J just loves. That's where it's at now, trying with difficulty to break to the upside. Been bouncing around between 131.7 and 136 for about the past three weeks (as mikey pointed out) with an average daily range of, roughly guesstimating, about 100 pips or so. Good volatility with plenty of intraday profit potential if you keep your stops loose enough to avoid whipsaws.
Have fun!
Have fun!
- #5
- Aug 1, 2009 2:55pm Aug 1, 2009 2:55pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Open a weekly chart going back to around mid May of 2003 and you'll see 135 is a level E/J just loves. That's where it's at now, trying with difficulty to break to the upside. Been bouncing around between 131.7 and 136 for about the past three weeks (as mikey pointed out) with an average daily range of, roughly guesstimating, about 100 pips or so. Good volatility with plenty of intraday profit potential if you keep your stops loose enough to avoid whipsaws.
Have fun!
Gone to a better place