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Daily EUR/JPY analysis

  • #2,521
  • Oct 28, 2009 8:24pm Oct 28, 2009 8:24pm
looks like 133 is trying to hold on.
  • #2,522
  • Oct 28, 2009 9:09pm Oct 28, 2009 9:09pm
might have a rest here, close to 61 fib and previous sup/res line. 131 is the next major level for me.
Attached Image (click to enlarge)
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FF journal: Peaks and Troffs
  • #2,523
  • Oct 29, 2009 6:18am Oct 29, 2009 6:18am
yep. woke up to a huge bounce in the pair. 133 held.

Yesterday was pricing in the gdp report. I'm looking for long positions now.
  • #2,524
  • Oct 29, 2009 6:34am Oct 29, 2009 6:34am
same here, hedged my short position and will add long but would like to see a bit more of a retrace.
Enter Signature
  • #2,525
  • Oct 29, 2009 6:37am Oct 29, 2009 6:37am
135.20-50 is very good area to short. I am now waiting for good price action...
  • #2,526
  • Oct 29, 2009 9:05am Oct 29, 2009 9:05am
i've seen this type of price action before. It will rise steadily and top out. The gdp was huge. A real pullback doesn't seem likely in the US today.

So I'm out until the asian session. and will look at the way things are shaping up

i'm out
  • #2,527
  • Oct 29, 2009 9:02pm Oct 29, 2009 9:02pm
I know it is a big call, but it is my final position for the year so I feel a bit grandoise like that.

Holding E/J short from 135.691 with a 10 pip SL as the final high for the year.

Wrong or right, I am done for the year, this position I will leave on. See you Jan 15.
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  • #2,528
  • Oct 29, 2009 10:16pm Oct 29, 2009 10:16pm
Quoting sinner-
I know it is a big call, but it is my final position for the year so I feel a bit grandoise like that.

Holding E/J short from 135.691 with a 10 pip SL as the final high for the year.

Wrong or right, I am done for the year, this position I will leave on. See you Jan 15.
now is this with all the currency pairs or just this one? If its just the E/J, then why are you done with for the year with this pair?
  • #2,529
  • Oct 29, 2009 10:56pm Oct 29, 2009 10:56pm
Is this a wild card or is there any analysis behind it?
The chart you showed doesn't really show much?
Enter Signature
  • #2,530
  • Oct 29, 2009 11:24pm Oct 29, 2009 11:24pm
Quoting johninthai
Is this a wild card or is there any analysis behind it?
The chart you showed doesn't really show much?
Sure sign of a true cowboy. Posts a 5 minute chart to predict the next 2 months.



It does show rejection of a 50% fib, though, in fairness. What is the fib called, sinner? Who knows? The guy might be right. Here is a better chart:

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy091030.gif Size: 25 KB


We can see a lower Tl showing support currently at about 131.x and good support at 128 - 130.
Gone to a better place
  • #2,531
  • Oct 29, 2009 11:31pm Oct 29, 2009 11:31pm
Thanks man
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  • #2,532
  • Oct 30, 2009 9:57pm Oct 30, 2009 9:57pm
i've make some prediction about eurjpy...i've invited all of you give the comment on my blog...click on my signature below....bankami.blogspot.com
  • #2,533
  • Oct 31, 2009 7:14pm Oct 31, 2009 7:14pm
Had a look at ur blog, your forecast seems very plausible to me.
Enter Signature
  • #2,534
  • Oct 31, 2009 11:05pm Oct 31, 2009 11:05pm
Quoting johninthai
Had a look at ur blog, your forecast seems very plausible to me.
did you also forecast like that?...do you have an ebook of fibonacci expansion?....
  • #2,535
  • Nov 1, 2009 1:41am Nov 1, 2009 1:41am
No, no ebook on fibo expansiona, sorry.
As for forecast, I think EY might drop some more if the Japs decide to follow Friday's drop in equities and their exporters might do some selling.
Chart wise I'll have to see on Monday when it all opens again.
Enter Signature
  • #2,536
  • Nov 1, 2009 2:33pm Nov 1, 2009 2:33pm
price has hit the 200 sma on the daily chart as well as the lower trend line and s1 on the daily pivot. if this support breaks, look out.
  • #2,537
  • Nov 1, 2009 2:45pm Nov 1, 2009 2:45pm
Quoting smikester
Sure sign of a true cowboy. Posts a 5 minute chart to predict the next 2 months.



It does show rejection of a 50% fib, though, in fairness. What is the fib called, sinner? Who knows? The guy might be right. Here is a better chart:

Attachment

We can see a lower Tl showing support currently at about 131.x and good support at 128 - 130.
Some "cowboys" don't like to post their whole analysis for free, especially after posting multiple analysis over the previous weeks leading to this important moment, from which you could derive several important aspects of my call.

Nonetheless, this cowboy is riding the E/j short horse all the way to the prairie. 135.69 10 pip SL, over 400 pips in profit.
  • #2,538
  • Nov 1, 2009 2:54pm Nov 1, 2009 2:54pm
wow. instant 100 pips!!!
  • #2,539
  • Nov 1, 2009 3:01pm Nov 1, 2009 3:01pm
support held. we'll see if it make another attempt in asia
  • #2,540
  • Nov 1, 2009 5:38pm Nov 1, 2009 5:38pm
What do you guys think? This pair seems highly unpredictable right now.
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