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Daily EUR/JPY analysis

  • #2,441
  • Oct 12, 2009 8:40pm Oct 12, 2009 8:40pm
EUR/JPY sentiment back to net short. Sorry guys, bias still down it seems.

I am selling EUR/JPY from 132.827 with SL at 132.927
  • #2,442
  • Oct 12, 2009 8:48pm Oct 12, 2009 8:48pm
I will use Ichimoku for my justification:

Generally on higher TF once a cross (sell signal is generated by red line cross under blue line with PA under kumo) is generated the market will retrace to the zone where the cross was generated.

Looks like retrace complete and we now testing the kumo before (and here is my prediction) fall hard.

We will see. Trade your charts.
Attached Image (click to enlarge)
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  • #2,443
  • Oct 12, 2009 9:38pm Oct 12, 2009 9:38pm
Some beautifully defined s/r levels on the M5 for those so inclined...
edit: sorry, not referring to the levels I have drawn on this chart...the s/r levels are so clear as to not need lines...
Attached Image (click to enlarge)
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  • #2,444
  • Oct 12, 2009 10:11pm Oct 12, 2009 10:11pm
things are bottling up for a big move. japan interest rate coming up
  • #2,445
  • Oct 12, 2009 10:52pm Oct 12, 2009 10:52pm
yesterday it's quite easy..
how about today..? will it continue..?
or will it goes the other way..?
look before you leap - zarenfx dot net
  • #2,446
  • Oct 12, 2009 11:00pm Oct 12, 2009 11:00pm
my bias is still to the upside.
  • #2,447
  • Oct 12, 2009 11:49pm Oct 12, 2009 11:49pm
That trend line is holding and 133 coming up. I'm happier as a bear, but my bias is towards an upward breakout. We'll see...
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FF journal: Peaks and Troffs
  • #2,448
  • Oct 13, 2009 12:02am Oct 13, 2009 12:02am
E/J short stopped out, that's fine with me, I want to see U/J go up!
  • #2,449
  • Oct 13, 2009 12:12am Oct 13, 2009 12:12am
H1 w/DeMark(ish) supply/demand lines.
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  • #2,450
  • Oct 13, 2009 12:13am Oct 13, 2009 12:13am
me too..
i like to see it goes up some more..
haha..
look before you leap - zarenfx dot net
  • #2,451
  • Oct 13, 2009 12:24am Oct 13, 2009 12:24am
Well here's the kiss of death for this trade, posting an entry. I entered on a 5 minute close above the swing high. Stop 2 pips below the candle where the arrow is.The ones I don't post always do better.
Attached Image (click to enlarge)
Click to Enlarge Name: lk.gif Size: 29 KB
FF journal: Peaks and Troffs
  • #2,452
  • Oct 13, 2009 1:44am Oct 13, 2009 1:44am
Nice one, I went long at 132.98.
hopefully we'll finally get our break out to the upside.
Enter Signature
  • #2,453
  • Oct 13, 2009 2:03am Oct 13, 2009 2:03am
closed long at 133.25. 84 pips.

hope you guys did well. good night.
  • #2,454
  • Oct 13, 2009 2:04am Oct 13, 2009 2:04am
waiting to see if we can break R1 got SL at BE.
Enter Signature
  • #2,455
  • Oct 13, 2009 2:12am Oct 13, 2009 2:12am
Quoting johninthai
waiting to see if we can break R1 got SL at BE.
a mere blip could stop you. it is looking a little toppy now. the euro is falling.
  • #2,456
  • Oct 13, 2009 2:19am Oct 13, 2009 2:19am
yep got stopped out at BE +2
Enter Signature
  • #2,457
  • Oct 13, 2009 10:33am Oct 13, 2009 10:33am
this pair has been in a range for a while now. between 132.5 and 133.2 for now. so be careful. the thing with a range is you never really know how long its going to hold.
  • #2,458
  • Oct 13, 2009 10:50am Oct 13, 2009 10:50am
Right, I just love trading EY since it gave good pips yet less wild then GY.
Now it has become a boring pair
Enter Signature
  • #2,459
  • Oct 13, 2009 10:56am Oct 13, 2009 10:56am
Quoting johninthai
Right, I just love trading EY since it gave good pips yet less wild then GY.
Now it has become a boring pair
not necessarily. right now the way things look i plan to buy at 132.70.

I never trade against the trend, but if you wanted you could sell at 133.2. its making another run and it could breakout this time, but the way the U/J is looking i doubt it.
  • #2,460
  • Oct 13, 2009 11:07am Oct 13, 2009 11:07am
I'll be at it again at Asia opening, bed time in my neck of the woods here.
Cya tomorrow mate.
Enter Signature
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