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Daily EUR/JPY analysis

  • #2,381
  • Oct 2, 2009 11:23am Oct 2, 2009 11:23am
Quoting opie999
Good call, RP!
how was that a good call? the pair breached 128 before it came back. if you were long last night you got screwed unless you had a massive stop.
  • #2,382
  • Oct 2, 2009 12:02pm Oct 2, 2009 12:02pm
Quoting sed34
how was that a good call? the pair breached 128 before it came back. if you were long last night you got screwed unless you had a massive stop.
From your perspective and the particular way in which you trade, you may be absolutely correct. From my perspective and the particular way in which I trade, RP made a smokin' awesome call.

That's why two traders can receive the exact same signal calls and get vastly different results. It's also the same reason when a newb comes to the forum and asks "what do you think the gj is going to do?", they're usually ignored. It's all about perspective.
  • #2,383
  • Oct 4, 2009 3:46pm Oct 4, 2009 3:46pm
bump. the bias is up. I am long from 130.40.

targets 131.67
  • #2,384
  • Oct 4, 2009 4:03pm Oct 4, 2009 4:03pm
Divergence on 4 hour, am long too but watching closely. The close below 131 worries me.
Attached Image (click to enlarge)
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FF journal: Peaks and Troffs
  • #2,385
  • Oct 4, 2009 4:38pm Oct 4, 2009 4:38pm
i closed my long at 130.91. will re-enter at better prices.
  • #2,386
  • Oct 4, 2009 5:25pm Oct 4, 2009 5:25pm
Taken 1/2 off at 131.10, I'll let the other ride and see how the 4 hr divergence works out. I won't go short until the low (x) is taken out if it turns shortly.
Attached Image (click to enlarge)
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FF journal: Peaks and Troffs
  • #2,387
  • Oct 4, 2009 5:44pm Oct 4, 2009 5:44pm
its still on target for 131.67.
  • #2,388
  • Oct 4, 2009 5:51pm Oct 4, 2009 5:51pm
Quoting opie999
From your perspective and the particular way in which you trade, you may be absolutely correct. From my perspective and the particular way in which I trade, RP made a smokin' awesome call.

That's why two traders can receive the exact same signal calls and get vastly different results. It's also the same reason when a newb comes to the forum and asks "what do you think the gj is going to do?", they're usually ignored. It's all about perspective.
My perspective is when a trader calls "the bottom" definitively, then the pair can't exactly drop 200 pips from there.
  • #2,389
  • Oct 4, 2009 5:53pm Oct 4, 2009 5:53pm
Quoting sed34
its still on target for 131.67.
You're probably right about that target, for a stall at least. Theres the Daily R1 and 200 ema hourly plus theres a resistance line too.
FF journal: Peaks and Troffs
  • #2,390
  • Oct 4, 2009 6:04pm Oct 4, 2009 6:04pm
usd/jpy is about to breach 90
  • #2,391
  • Oct 4, 2009 6:09pm Oct 4, 2009 6:09pm
i'm newbie...i'v sell in 131.29 expected reversal on H30 but i've got minus what sould i do now..
  • #2,392
  • Oct 4, 2009 6:17pm Oct 4, 2009 6:17pm
first resistance target reached. lets see if it holds
  • #2,393
  • Oct 4, 2009 6:21pm Oct 4, 2009 6:21pm
Quoting dedy78
i'm newbie...i'v sell in 131.29 expected reversal on H30 but i've got minus what sould i do now..
have your stop in place.
  • #2,394
  • Oct 4, 2009 9:14pm Oct 4, 2009 9:14pm
Quoting sinner-
My perspective is when a trader calls "the bottom" definitively, then the pair can't exactly drop 200 pips from there.
It actually dropped 98 pips according to my feed but yeah, that's still not an insignificant drawdown. On the other side of the call, he was off 12 pips from his TP. Not too shabby. If I'd acted on his signal (which I never ever do and realizing it's easy to say this in hindsight), I'm guessing I'd have come out maaaybe 50-60 pips in the green.

In any case, taking your perspective into consideration (and sed34's), I'll down grade my rating from smokin' hot to reasonably ok.
  • #2,395
  • Oct 5, 2009 11:11am Oct 5, 2009 11:11am
the bias is still up. we may test 131.60 again.
  • #2,396
  • Oct 5, 2009 3:28pm Oct 5, 2009 3:28pm
Quoting sed34
the bias is still up. we may test 131.60 again.
E/J D1 Ichimoku sell signal:
Attached Image (click to enlarge)
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  • #2,397
  • Oct 5, 2009 6:41pm Oct 5, 2009 6:41pm
131 looks like its barely holding. like its trying to decide if it wants to stay there. the euro might break 1.47 which could keep the pair a 131
  • #2,398
  • Oct 5, 2009 7:01pm Oct 5, 2009 7:01pm
Longs bailing out at 130.72?

Btw sinner, good call!
  • #2,399
  • Oct 5, 2009 7:19pm Oct 5, 2009 7:19pm
Quoting opie999
Longs bailing out at 130.72?

Btw sinner, good call!
Daily Ichimoku sell signal is usually good for a few hundred if not a thousand pips. Traders at banks use Ichimoku. I doubt they are interested in the 50 pip Tokyo fluctuation. Wait until E/J at 120 before say good call
  • #2,400
  • Oct 5, 2009 9:32pm Oct 5, 2009 9:32pm
131 is still holding.
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