EUR/JPY Anytime!

i'll wait untill break trendline

Hello Peter Serbia
would u like to tell us ur strategy.

as i saw your trades are pretty good to follow.

3 hourly candles rejected at 132.80

or maybe a signal to break? if so its going to the 134 area, but before that, i think it should retrace to 131.

happy trading!

Looking at volume- not seeing too many clues but this sure smells like distribution to me-

Looking at all the inventory that was bought- now they are selling it- teasing everyone at the top of the range- soo will drop like a stone I think-

Of course I am a conspiracy theorist so take that into account-

I am looking for a signal that the traders give to each other that it is time to drop the price.......not sure what it would be- some kind fo doji probably- maybe on the 15 minute-

i am also looking for signal at this level for reversal may be it is tuning it.

How do you think the market will react on the Bid Rate news?

Excuse my ignorance what is the bid rate news?

Testing to top of the trend line here it appears-

i am seeing some downfall from this point because RSI on 1hr is at overbought area. and EU/EJ both are struggeling to make new high.

Big Rate can give some potential for upside but dont forget China's news about dollor (World need strong dollor not yuan).

we may see some nice up down actions still not sure what gonna happen

is somebody shorting the pair at these levels -132.80-132.85?

It sure looks strong-
is this a top test or to fish more people in before the drop or a breakout?

http://en.wikipedia.org/wiki/Central...Interest_rates

I think we should wait for the hourly candle to close

Haha, and what about a doji,like right now??

ahhhhhhhh dojiiiiiiiii

I am shorting 132.80 targeting 132.00 and waiting for ECB release

Doji could mean a reversal as well as a continuation, remember doji is just showing the market is taking its breath ie just like an athlete after a rally, well going back to my post here at the begining of the week and trade call of entry 129.94, SL , recommended TP 131.71, weekly outlook 132.69 and I jumped out of the trade with total 54pips with my exit strategies due to weather conditions and intraday struggles but main reason because it was the begining of the week and begining of the last month of year and eurjpy just showed around 20wks old low, the begining of the week sare sometime marred with uncertainties but a look at the weekly candle charts does say something about this week, you will agree..


Following the last trade completely would fetch a very profitable trade as the SL was never attempted to breach, but hey more opportunities will always come up, there is no need to die-hard on trade when you are not the market-maker, heres a few from last comments...


Last week close at 129.70 back inside the ichimoku cloud with the sekou span B acting as strong support means the bearish bias is likely to be on hold for now, I see this as an opportunity for the bulls to come into the market and try to push price toward the span A or atleast to weekly pivot at 132.69, just last week though I have decided to stop using price projection or target in my trading but will be using the hourly 9/26 ichimoku crossover with a close below the kijun sen as exit not excluding other ichimoku exit signals with trailing stop.

Based on last week close back into the weekly Kumo, I have entered long today at 129.94 around 15pips on top of the H1 kumo which has acted as support with two hourly closes on top of the H1 kumo.

entry @ 129.94
SL @ 129.02( bottom Kumo on H1 also 20pips below the kijun sen)

Idealy I am targeting the 131.70=77 area (the bottom kumo on daily chart) which was the break that triger the last bearish move down we enjoyed last week(check H4 chart on 25Nov) but as mentioned earlier my ichimoku will tell me if there will be a storm b4 that for exit strategy.

Guess there is too much buying out there-

I am experimenting with Market Profile charts... Let the buying run to test the multisession high around 133.50 and shorted when it seemed to fail... Scalped for 40 pips. Love this thread... Love the EUR/JPY.. thanks for everyone's insight.

You are welcome man