EUR/JPY Anytime! | Page 21 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Buy/Sell anytime and set forget 37 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

eur/usd, eur/jpy, usd/jpy average 0 replies

Does the gbp/jpy eur/jpy follow the DOW? 8 replies

Correlations- USD>JPY-DOW, EUR/JPY Follows etc 12 replies

Attachments: EUR/JPY Anytime!
Exit Attachments

EUR/JPY Anytime!

  • #401
  • Dec 5, 2009 11:42pm Dec 5, 2009 11:42pm
Quoting micahio
@Sreeprakash, dont get it twisted was only dropping a hint to a fellow trader, if your techniques works for you fine but remember theres always room for improvements, we try to learn a thing or two from each other or atleast compare studies, on the issue of divergence, it only occurs in extreme levels of oscillators, any occurence in normal levels is regarded as weak and not suitable for trading decisions, I do not take positions based on divergence alone must wait for price via candlesticks confirmation amongst other studies, hope my chart below...

see here for my views and positions http://micahio.blogspot.com/
  • #402
  • Dec 6, 2009 4:40am Dec 6, 2009 4:40am
Quoting micahio
see here for my views and positions http://micahio.blogspot.com/
Thx micahio for your chart...


This is my point of view for Elioe Waves
Attached Image (click to enlarge)
Click to Enlarge Name: Elioteurjpy.GIF Size: 62 KB
"Buy on fear, sell on greed !!!
  • #403
  • Dec 6, 2009 3:32pm Dec 6, 2009 3:32pm
Hello and respect everyone. My first post here.
If my eyes don't lie, there's a decent ascending channel on Eur/Jpy. If the price will reach 134.820 will try to take a short position from there. If not and will go down, short from 133.180 after the black lower TL is broken because it has already got 4 touches.
My most optimistic scenario would be to get both short positions. First at the 134.820 and then to put some more "weight" with another short order at the 133.180.
Won't put reverse order on 1st short as it is not recommended for this template. Reverse only on 2nd short. SL 20 pips on both of them.
Will see what happens next. http://cdn.forexfactory.com/images/s...m/thinking.gif
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_091206_h4_channel.gif Size: 11 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #404
  • Dec 6, 2009 4:45pm Dec 6, 2009 4:45pm
My point of view is a retracement to 132.7 and possibly 131.7, which are 23.6% and 38.2% respectively. After that levels we are again bullish up to 135.3 as first target from the retracement.
wish u all happy and profitable week!
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.jpg Size: 158 KB
  • #405
  • Dec 6, 2009 4:53pm Dec 6, 2009 4:53pm
Quoting Mr.C
Hello and respect everyone. My first post here.
If my eyes don't lie, there's a decent ascending channel on Eur/Jpy. If the price will reach 134.820 will try to take a short position from there. If not and will go down, short from 133.180 after the black lower TL is broken because it has already got 4 touches.
My most optimistic scenario would be to get both short positions. First at the 134.820 and then to put some more "weight" with another short order at the 133.180.
Won't put reverse order on 1st short as it is not recommended for this...

Lol you do realize youd get way out of playing that channel to the upside right then you do trying to sell?
Going to make it big by age 21.
  • #406
  • Dec 6, 2009 5:03pm Dec 6, 2009 5:03pm
Quoting dstryr
Lol you do realize youd get way out of playing that channel to the upside right then you do trying to sell?
Yes my friend. That's how I sometimes play. And there's a reason for that. Time will show.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #407
  • Dec 6, 2009 5:14pm Dec 6, 2009 5:14pm
Do we have another leg up still? as I can see some bearish divergences b/w price and oscillators in lower time frames and a big disturbing bearish divergences on weekly, this calls for more analysis and investigation as I think this pair is at a crucial level to either continue on course for top of range or the bears take from here, would like to see some confirmation b4 i commit into any serious trade for the week, but scalping in small time frames, will post update of full analysis here and on my blog...cheers

Even if the bears come in now, would like to how serious they are with their attempt to see if there is any credence to this threat on the current scenario, would like to see the levels the bears can push the market down to and also see how the bulls will counter the attack..
  • #408
  • Dec 6, 2009 5:27pm Dec 6, 2009 5:27pm
What do u think about this ascending triangle? when the market crosses FE 61.8 and form a strong bullish candle above it ,it'll be a good position to buy in this up trend.
Attached Image (click to enlarge)
Click to Enlarge Name: e_j.gif Size: 22 KB
There is no randomness. It is just Chaos, a higher form of order.
  • #409
  • Dec 6, 2009 6:32pm Dec 6, 2009 6:32pm
Quoting Pipfull
What do u think about this ascending triangle? when the market crosses FE 61.8 and form a strong bullish candle above it ,it'll be a good position to buy in this up trend.
HMm i dont think so i opened sell at 133.90 i think i have valid Elliot Wave chart but we will see...

Seya guys tomorow
Attached Image (click to enlarge)
Click to Enlarge Name: Elioteurjpy.GIF Size: 62 KB
"Buy on fear, sell on greed !!!
  • #410
  • Dec 6, 2009 7:31pm Dec 6, 2009 7:31pm
Quoting micahio
@Sreeprakash, dont get it twisted was only dropping a hint to a fellow trader, if your techniques works for you fine but remember theres always room for improvements, we try to learn a thing or two from each other
Thanks micahio for your advice and thoughts...
Mistakes will happen always, and I did not said I am correct...
I am really a newbie in forex and trying to learn things always...
Thanks again bro...

Here is my new chart on 5 minute..
If cross that red trendline, look for a opportunity to short... around 134.00, if not cross this 134, we can look for a long...
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 15 KB
ABCD..
  • #411
  • Dec 6, 2009 7:41pm Dec 6, 2009 7:41pm
Sold with tight stop on 134.10..
First looking for 133.70..
ABCD..
  • #412
  • Edited 8:38pm Dec 6, 2009 8:35pm | Edited 8:38pm
Above is my current scalp trade entry@ 134.18, SL 134.24, Ist target achieved @ 133.99(100% fib retracement), trade was entered with 2lots , close 1lot at first target for 27 solid pips, 2nd target@ 133.84(161.8%), 3rd target 133.58(261.8%), and finally for this scalp trade is 133.26( derived from previous studies and just above the 423.60%), more trade positions and analysis will follow later.

The current price now is 134.02 at 02.26 London time, price back up after being shy of touching 2nd target of 133.84(161.80% of retracement), I am quite confident of this technique achieving 161.8% guaranteed, i am still in the trade with 1lot open , moved SL to 134.14( 2pips above 50% fibo), after 133.84 is achieved will look for signs for pullback, may close position depending on the volatility and price often come back to test 100% level of fibo, and if breached may generate a buy signal, but this must happen after achieving the 161.8% fib @ 133.84.

Even now as I write this piece,a sell opportunity seem to have come up for late comers to join in this down run, as the kijun sen seems to be acting as resistance, trade position can be taken @ current price 134.01 to target atleast the 133.84 area, around a minimum solid 17pips with SL at 134.12.

My apologies as I really having trouble loading my charts here , but its available in my blog, if interested. http://micahio.blogspot.com/

Happy trading!
  • #413
  • Dec 6, 2009 8:44pm Dec 6, 2009 8:44pm
Quoting micahio
Above is my current scalp trade entry@ 134.18, SL 134.24, Ist target achieved @ 133.99(100% fib retracement), trade was entered with 2lots , close 1lot at first target for 27 solid pips, 2nd target@ 133.84(161.8%), 3rd target 133.58(261.8%), and finally for this scalp trade is 133.26( derived from previous studies and just above the 423.60%), more trade positions and analysis will follow later.

The current price now is 134.02 at 02.26 London time, price back up after being shy of touching 2nd target of 133.84(161.80% of retracement), I am quite...
typo error , the 1st target fecthed 19pips @133.99( 100% fib)
  • #414
  • Dec 6, 2009 9:02pm Dec 6, 2009 9:02pm
2nd target achieved @133.84 , I think that adds up to 53pips lol, , ok now heres is where the trick is , I have moved stop to 100% fib level @ 133.99 as price sometimes starts ranging after breaching this levels with the top of range attempting to break 100% level which will now acts as resistance before heading for the 261.80% [email protected], but sometimes it goes straight through to 261.8% level, depends on trend volatility.

More studies to determine likely outcome..
  • #415
  • Dec 6, 2009 9:05pm Dec 6, 2009 9:05pm
Quoting micahio
2nd target achieved @133.84 , I think that adds up to 53pips lol, , ok now heres is where the trick is , I have moved stop to 100% fib level @ 133.99 as price sometimes starts ranging after breaching this levels with the top of range attempting to break 100% level which will now acts as resistance before heading for the 261.80% [email protected], but sometimes it goes straight through to 261.8% level, depends on trend volatility.

More studies to determine likely outcome..

see charts in my blog if interested, i am having problem loading charts here , just download a software that might me do just that, http://micahio.blogspot.com/
  • #416
  • Dec 6, 2009 9:18pm Dec 6, 2009 9:18pm
Now it looks like its going to start that range like conditions now, its still ok wont close completely my SL @133.92 now, if this can achieve the next level @133.58 level, watching for contratrian arguement on but weather forecast for smaller timeframes insist it is not finished here,

let see the bigger picture, may be more pips for the taking, lets see...
  • #417
  • Dec 6, 2009 9:32pm Dec 6, 2009 9:32pm
Thanks michaio for the charts and analysis...

I have moved sl to entry on 133.99.. free run now...
I will look till the RSI 50 line to take profit...
See the trendlines in the chart, RSI broken, main chart trendline need to broke...
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 14 KB
ABCD..
  • #418
  • Dec 6, 2009 9:39pm Dec 6, 2009 9:39pm
Quoting sreeprakash
Thanks michaio for the charts and analysis...

I have moved sl to entry on 133.99.. free run now...
I will look till the RSI 50 line to take profit...
See the trendlines in the chart, RSI broken, main chart trendline need to broke...

cheers and goodluck mate..
  • #419
  • Dec 6, 2009 10:12pm Dec 6, 2009 10:12pm
Intelligence reports just reached me from GPS satellite that some bullish batalion has positioning themselves around the 133.58/54 area, from the images that I can see from my satellite generated images it looks like its just bullish infantry, no artillery and air support as at yet, so maybe the bears will smash through, and if this happens the bulls will retreat and take up another position around the 133.26 and maybe this time call in artillery support and air support at 132.91 area, and if they fail in this battle, they will take their casualties and body bags of those that didnt make to nearest base at 131.77/71 area, but the bears should be careful even before this 131.77 levels as by this time the bulls will be trigger-happy and coming with force of the rebound, but maybe the bears have their own strategy too, we'll see how the battle unfolds...
  • #420
  • Edited 10:27pm Dec 6, 2009 10:23pm | Edited 10:27pm
Quoting micahio
Intelligence reports just reached me from GPS satellite that some bullish batalion has positioning themselves around the 133.58/54 area, from the images that I can see from my satellite generated images it looks like its just bullish infantry, no artillery and air support as at yet, so maybe the bears will smash through, and if this happens the bulls will retreat and take up another position around the 133.26 and maybe this time call in artillery support and air support at 132.91 area, and if they fail in this battle, they will take their casualties...

Has the first battle started already at the range of 133.67to 133.88, as I expect price to range now and hope the bear wins this first battle atleast for target of 133.26 to be achieved.
9 traders viewing now