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EUR/JPY Anytime!

  • #701
  • Dec 18, 2009 3:02pm Dec 18, 2009 3:02pm
have a good weekend everyone!
  • #702
  • Dec 18, 2009 3:04pm Dec 18, 2009 3:04pm
Quoting cornelluva
have a good weekend everyone!
You also
  • #703
  • Dec 20, 2009 4:50am Dec 20, 2009 4:50am
What do you guys think about the weekly pin on this pair?
Price closed the week on top of the yearly .382 fib which seems to have held up well as solid Sup/Res going back to OCT08.
I know it's hard to see Euro making a big reversal but these daily/weekly pins don't lie.
  • #704
  • Dec 20, 2009 5:05am Dec 20, 2009 5:05am
Quoting ozpips
What do you guys think about the weekly pin on this pair?
Price closed the week on top of the yearly .382 fib which seems to have held up well as solid Sup/Res going back to OCT08.
I know it's hard to see Euro making a big reversal but these daily/weekly pins don't lie.
It's hard to trade pin bar at crowded area (blue box).
Attached Image
  • #705
  • Dec 20, 2009 6:27am Dec 20, 2009 6:27am
Quoting SwissKinseb
Buy @ 131.70 Level, what do you think ?
morning @ all!
yes we are in a rectangle, and so buy on the low is ever well
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2009-12-20 a 13.25.55.png Size: 39 KB
  • #706
  • Dec 20, 2009 8:55am Dec 20, 2009 8:55am
Quoting martiTrader
yes we are in a rectangle, and so buy on the low is ever well
I'm a day trader so for me, I'm going to wait for a clearer signal before looking for an entry point. IMHO PB's that are in a consolidation zone can be tricky. I've attached a 4H chart which also shows a PB but it did not break the support level.

Couple of reasons I'm waiting:
- The velocity of the wave down in the blue area makes me cautious on going long. From what I've read in the fundamentals, BOJ wants the Yen devalued and has been pumping Yen in the system yet the trend is in the opposite direction since October.
- E/J has a tendency to hit a support level a couple of times and then blow right through it. It's hit this level 5 times since March. Sooner or later this support level might crumble

If I go long, using the weekly and 4H PB as a signal, then I'm going to look for a pattern much like the pattern in the green circle. Most likely a 50% fibo retrace and then a slow steady move up.

If I go short, then I will wait for a break of the support level of 127.00, wait for the spike down and then a retrace back or near the support turned resistance level of 127.00.

I'm not trying to influence anyone, just wanting to add knowledge.

Regards,
JT
Attached Image (click to enlarge)
Click to Enlarge Name: eur-jpy 12-20-09_h4.gif Size: 20 KB
Balance in Everything
  • #707
  • Dec 20, 2009 11:29am Dec 20, 2009 11:29am
Hello guys,

Thanks for your charts

My H4 Charts look like euro can go up to 50 or 61.8 fibo...


This is the chart >
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 34 KB
"Buy on fear, sell on greed !!!
  • #708
  • Dec 20, 2009 11:41am Dec 20, 2009 11:41am
Quoting Petar_Serbia



My H4 Charts look like euro can go up to 50 or 61.8 fibo...

Petar,

Do you have an entry plan?

Regards,
JT
Balance in Everything
  • #709
  • Edited 12:13pm Dec 20, 2009 11:57am | Edited 12:13pm
Quoting jtdt777
Petar,

Do you have an entry plan?

Regards,
JT
i dont have my entry plan yet but i have my exit plan if i jump in a long position

edit: just added one more chart.. if all those white lines will be broken then i ll go long..
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: d1.gif Size: 16 KB
Pation is the Holy Grail
  • #710
  • Dec 20, 2009 12:24pm Dec 20, 2009 12:24pm
Quoting jtdt777
Petar,

Do you have an entry plan?

Regards,
JT
i dont know maybe H1 Traingle good place to open position,i expect long but this is Forex i will trade what i see...



Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyentry.gif Size: 31 KB
"Buy on fear, sell on greed !!!
  • #711
  • Edited 4:17pm Dec 20, 2009 4:06pm | Edited 4:17pm
Im on my 10 day vacation! Wont be trading as much but will be following along.

But will stilll be trading some
Annoying Precision
  • #712
  • Dec 20, 2009 4:24pm Dec 20, 2009 4:24pm
This is the current situation on my princip,We have high and low and now waiting to break high or low zone... This is Market open and my advice dont open any trade now,i wil open on demo this time when i see chance...



Cheers
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Click to Enlarge Name: current.gif Size: 23 KB
"Buy on fear, sell on greed !!!
  • #713
  • Dec 20, 2009 4:37pm Dec 20, 2009 4:37pm
OK opened demo trade,just test princip on when market open


This is the chart >
Attached Image (click to enlarge)
Click to Enlarge Name: opentrade.gif Size: 24 KB
"Buy on fear, sell on greed !!!
  • #714
  • Dec 20, 2009 5:12pm Dec 20, 2009 5:12pm
Quoting Petar_Serbia
OK opened demo trade,just test princip on when market open


This is the chart >
dude tokyo hasn't even opened yet...??
  • #715
  • Dec 20, 2009 5:18pm Dec 20, 2009 5:18pm
Quoting jtdt777
I'm a day trader so for me, I'm going to wait for a clearer signal before looking for an entry point. IMHO PB's that are in a consolidation zone can be tricky. I've attached a 4H chart which also shows a PB but it did not break the support level.

Couple of reasons I'm waiting:
- The velocity of the wave down in the blue area makes me cautious on going long. From what I've read in the fundamentals, BOJ wants the Yen devalued and has been pumping Yen in the system yet the trend is in the opposite direction since October.
- E/J has a tendency to...
I agree with your analysis. I'd be surprised to see a significant rally from here and will be looking for short opportunities this week and in the new year. I would love nice clean break of 127 but then there's the 124.5 level to worry about.

In terms of waiting, I'm in the same boat. I hate taking bounces off of highs/lows with a passion. Looking at H1 as it is now I don't want to touch it with a ten foot pole. Gonna wait it out and entertain myself with the threads on this site haha.
  • #716
  • Dec 20, 2009 5:19pm Dec 20, 2009 5:19pm
Quoting cornelluva
dude tokyo hasn't even opened yet...??
Yea when i say Market open,no ses open ...THis is test phase,i didnt trade nearly when market open and i opened trade to see what will hapen...
"Buy on fear, sell on greed !!!
  • #717
  • Dec 20, 2009 5:27pm Dec 20, 2009 5:27pm
Quoting Petar_Serbia
Yea when i say Market open,no ses open ...THis is test phase,i didnt trade nearly when market open and i opened trade to see what will hapen...
Ok cool. You da man Petar. I wonder how much activity there will be this week. I'd prefer the market to be quiet so I don't feel compelled to trade.
  • #718
  • Dec 20, 2009 5:59pm Dec 20, 2009 5:59pm
Quoting cornelluva
Ok cool. You da man Petar. I wonder how much activity there will be this week. I'd prefer the market to be quiet so I don't feel compelled to trade.
Heh i dont know

Still holding my long on demo we will see what will hapen...
"Buy on fear, sell on greed !!!
  • #719
  • Dec 20, 2009 7:09pm Dec 20, 2009 7:09pm
finally spending time with the family
Annoying Precision
  • #720
  • Dec 20, 2009 7:14pm Dec 20, 2009 7:14pm
Hi Guys,

I'm new in this,
I'm using fibbo & fibbochannel on my EJ chart, it's more clearer picture, like this
[IMG]http://i894.photobucket.com/albums/a...d1201209-3.jpg[/IMG]

Please, Petar or others correct my chart if i'm wrong put my fibbo.
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