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  • #1,381
  • Feb 27, 2010 1:49pm Feb 27, 2010 1:49pm
Quoting Vanhook2
That sure sounded arrogant.
http://encarta.msn.com/xImages/trans.gifDefinition: proudly contemptuous: feeling or showing self-importance and contempt or disregard for others

There is more than 1 way to skin a cat.
Good luck to you.
Sory my friend i dont though agnorant.I just said that everyone is welcome to post a charts and their visions but for me as i said i dont watch others chart becouse sometimes can confuse me...Also i cant comment any chart becouse everyone has own visions and everyone know their principe and strategy... I think you didnt undestand well what i said

And remember this.Every chart must have support from fundamental.If you see bad economy and very weak Toyota finance you cant play long term buy or something similar.When you see recovery you can thinking about long term buy...

Cheers and happy piping
"Buy on fear, sell on greed !!!
  • #1,382
  • Feb 27, 2010 4:43pm Feb 27, 2010 4:43pm
any thoughts on sunday/monday? will the 119.xx be hit?
  • #1,383
  • Feb 27, 2010 6:43pm Feb 27, 2010 6:43pm
Quoting Petar_Serbia
This is my charts as i promised

If you look H4 and Daily chart this can continue down minimum to the previuse daily pin and than to the Fibo...On H4 we have good Sup level(averages) and 3 good pins on H4 chart...On daliy i was try ysterday to take about 100 first TP and second to the Uplines or red average but closed 50+ when i see low power from jpy.

Now i have two position one is for 1:1 RRR second for falow...

This is charts >

Cheers and happy piping
THis is another confirmation for my sell

Very good patern and very good sup on EUR index...

Expext EURUSD and EURJPY sell next week...


Take a look >



Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eurindex.gif Size: 18 KB
"Buy on fear, sell on greed !!!
  • #1,384
  • Feb 27, 2010 10:35pm Feb 27, 2010 10:35pm
I agree with a bearish Scenario for EUR/JPY at this point,
1D 4H 1H all look highly bearish to me. Will probably find a good entry point and ride the sell all the way down to 119.00 and lower if possible
  • #1,385
  • Feb 27, 2010 10:57pm Feb 27, 2010 10:57pm
hello petar,im a newbies here.. i have follow all ur post..and its really helpful..can u tell me how to analysis the daily tf..bcoz i think its important to know the daily movement b4 we can trade intraday right?..can u give the setting of ur daily chart..

http://cdn.forexfactory.com/images/buttons/quote.gif

  • #1,386
  • Feb 28, 2010 12:07am Feb 28, 2010 12:07am
Quoting Petar_Serbia
THis is another confirmation for my sell

Very good patern and very good sup on EUR index...

Expext EURUSD and EURJPY sell next week...


Take a look >



Cheers
Petar - based on this chart, will you be shorting EURUSD once the markets open?

Also, I don't know whether you trade any other EUR pairs, but would this mean that EURCHF and EURCAD would also be shorts for next week?
  • #1,387
  • Feb 28, 2010 3:37am Feb 28, 2010 3:37am
Will these earthquakes weaken the Yen??
  • #1,388
  • Feb 28, 2010 5:17am Feb 28, 2010 5:17am
Quoting aiod
hello petar,im a newbies here.. i have follow all ur post..and its really helpful..can u tell me how to analysis the daily tf..bcoz i think its important to know the daily movement b4 we can trade intraday right?..can u give the setting of ur daily chart..

http://cdn.forexfactory.com/images/buttons/quote.gif

Look previuse page i posted setings...


Cheers
"Buy on fear, sell on greed !!!
  • #1,389
  • Feb 28, 2010 5:20am Feb 28, 2010 5:20am
Quoting hansel
Petar - based on this chart, will you be shorting EURUSD once the markets open?

Also, I don't know whether you trade any other EUR pairs, but would this mean that EURCHF and EURCAD would also be shorts for next week?
No no for EURUSD not yey,i will shorting when i see good confirmation according my strategy.As i said i have 2 sells on eurjpy now for eurusd waiting.I dont trade EURCHF but can work oposite but also expext sell on that pair next week...

Also yen will go faster than USD becouse Japan has big problems..ANother one today

Appliance retail chain Best Denki plans to slash 1,000 jobs
Sunday 28th February, 07:00 AM JST

FUKUOKA —
Electric appliance retail chain Best Denki Co plans to cut about 1,000 jobs, or nearly 20 percent of its group workforce, by soliciting early retirements and curbing new hiring to aid its restructuring efforts, sources close to the matter said Saturday. The Fukuoka-based retailer has around 5,500 group employees nationwide. The plan is likely to be announced as early as Monday, they said.

The plan is in line with its restructuring policy announced in January under which it will close 50 to 70 of its 570 group outlets over the next two years. Best Denki has already said it will liquidate Tokyo-based subsidiary Sakuraya Co by the end of February and will in principle dismiss all of its 450 employees. The cut of 1,000 jobs will be in addition to the job losses at Sakuraya.

Cheers and happy piping
"Buy on fear, sell on greed !!!
  • #1,390
  • Feb 28, 2010 10:09am Feb 28, 2010 10:09am
hello petar..im hve an idea trading using pivot line for intraday..so u say dus week going to be a short for eur/jpy..means that da graph would not going up past the pivot line and its will going down..n for entry i will wait for the price to bounce down at 5 min tf..is it a good idea..pls comment
  • #1,391
  • Feb 28, 2010 11:21am Feb 28, 2010 11:21am
Quoting aiod
hello petar..im hve an idea trading using pivot line for intraday..so u say dus week going to be a short for eur/jpy..means that da graph would not going up past the pivot line and its will going down..n for entry i will wait for the price to bounce down at 5 min tf..is it a good idea..pls comment
Hi aiod

I dont expext all week but expext again down maybe 150-300 pips for eurjpy but everything will be clear after some news...THis week have many big news and iwill trade just after critical news but if i be in good plus on news i will falow my trade...

I cant answer on your question about 5 TF i dont trade small timeframes...

Cheers and happy piping
"Buy on fear, sell on greed !!!
  • #1,392
  • Feb 28, 2010 11:50am Feb 28, 2010 11:50am
Quoting Petar_Serbia
Hi aiod

I dont expext all week but expext again down maybe 150-300 pips for eurjpy but everything will be clear after some news...THis week have many big news and iwill trade just after critical news but if i be in good plus on news i will falow my trade...

I cant answer on your question about 5 TF i dont trade small timeframes...

Cheers and happy piping
News?? Hmmmmmmm ?

I want you to look at the Eur/Aud. Wonder how not one good news strengthed the Euro in 3 years?? News in FF calendar works for only 15 minutes. I'll keep shorting the Eur/Jpy no matter what ,because now China >> Europe

http://i46.tinypic.com/35mpfz5.jpg
  • #1,393
  • Feb 28, 2010 11:54am Feb 28, 2010 11:54am
Quoting Petar_Serbia
Hi aiod

I dont expext all week but expext again down maybe 150-300 pips for eurjpy but everything will be clear after some news...THis week have many big news and iwill trade just after critical news but if i be in good plus on news i will falow my trade...

I cant answer on your question about 5 TF i dont trade small timeframes...

Cheers and happy piping

owh..its ok....act i a bit confuse about da fundamental..in da previous post,u said dat yen is weaken due 2 some news..but if yen is weaken,why we should get short for eur/jpy..? i abit confuse...can u xplain dat...tq petar..
  • #1,394
  • Feb 28, 2010 1:14pm Feb 28, 2010 1:14pm
Petar, what would you recommend to study on how to follow and understand fundamentals? Where do you obtain info on Japan, for example?

Also, last week I've read that China is supporting EUR cos they don't want it to drop below the 1.3500 and 1.3450 lvls, something has to do with option contracts...

Hope it helps!

Regards,
snu.
  • #1,395
  • Feb 28, 2010 1:32pm Feb 28, 2010 1:32pm
Hi Peter your column is very good.Samo nastavi tako !!!
  • #1,396
  • Feb 28, 2010 1:53pm Feb 28, 2010 1:53pm
Quoting snusnufreak
Petar, what would you recommend to study on how to follow and understand fundamentals? Where do you obtain info on Japan, for example?

Also, last week I've read that China is supporting EUR cos they don't want it to drop below the 1.3500 and 1.3450 lvls, something has to do with option contracts...

Hope it helps!

Regards,
snu.
This is how you can read fundamental

Weak Currency - Good for nations which have a larger share of export than imports making up their GDP. An example of this is Japan, which relies heavily on it's exports, and having a weaker relative currency encourages more nations to buy their goods.

Strong Currency - Good for nations which rely more heavily on imports. Examples of this are the U.K. and the United States in which their stronger relative currency allows for less of their currency to purchase more from countries with a weaker currency.

If you see good industry or new cars from (Toyota) for example or new inovation from one of liders about tehnologies that is good and you can expext down from Japan (jpy) that is simple exmaple..

Hope i help you to undestand
"Buy on fear, sell on greed !!!
  • #1,397
  • Feb 28, 2010 1:58pm Feb 28, 2010 1:58pm
On the one Hr chart its quite easy to see the 5 wave downtrend.. as we are now in the 3 wave up correction, which means we will be seeing another 5 wave down 5-3-5 elliott wave pattern...... I believe that this is wave 5 of a bigger wave count if you look at the daily chart. Which would be this last leg down although i think it will take about 2 weeks. Then we can look to go long! I think this will be around 117.5 what do you guys think????
"Pippin aint easy"
  • #1,398
  • Feb 28, 2010 2:12pm Feb 28, 2010 2:12pm
hello Peter
did you analysis eur/usd????
up in eur/usd will lead to up in eur/jpy
also usd/jpy has a strong support @ 88.90 and neither eur/jpy or gbp/jpy will go down until this support "88.90" is broken
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  • #1,399
  • Feb 28, 2010 2:18pm Feb 28, 2010 2:18pm
Hi Petar,

you have a good thread here.

I was just wondering what kind of stops you use?

thx
  • #1,400
  • Feb 28, 2010 3:00pm Feb 28, 2010 3:00pm
Quoting engcu90
hello Peter
did you analysis eur/usd????
up in eur/usd will lead to up in eur/jpy
also usd/jpy has a strong support @ 88.90 and neither eur/jpy or gbp/jpy will go down until this support "88.90" is broken
Look eurusd isnt up i expext that down also and i will waiting to good confiramtion..YOu can look my EUR Index chart on previuse page...


Cheers
"Buy on fear, sell on greed !!!
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