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  • #1,581
  • Mar 5, 2010 2:18pm Mar 5, 2010 2:18pm
Do you see what i see?

What do you anticipate is going to happen next and why?
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Time flies like an arrow; fruit flies like a banana.
  • #1,582
  • Mar 5, 2010 2:24pm Mar 5, 2010 2:24pm
Quoting pqt
Be careful. EJ can test 124+ b4 turning around (along with UJ testing 91.5 TL).
so i may sell again
i use 10% only of my money
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  • #1,583
  • Mar 5, 2010 2:52pm Mar 5, 2010 2:52pm
http://www.borsaat.com/vb/uploaded/11773_1267822115.png
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  • #1,584
  • Mar 5, 2010 3:05pm Mar 5, 2010 3:05pm
Quoting Bwana
Do you see what i see?

What do you anticipate is going to happen next and why?
Up to 128.60 (61.80% Fibo)?
Use me as a contrarian indicator
  • #1,585
  • Mar 5, 2010 3:30pm Mar 5, 2010 3:30pm
hope it bounce or i will close one of my sell orders

http://img696.imageshack.us/img696/4929/73872531.gif
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  • #1,586
  • Mar 5, 2010 4:23pm Mar 5, 2010 4:23pm
usd/jpy
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  • #1,587
  • Mar 5, 2010 4:24pm Mar 5, 2010 4:24pm
eur/jpy
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  • #1,588
  • Mar 5, 2010 6:13pm Mar 5, 2010 6:13pm
I think the rally we saw in UJ and EJ is strongly exaggerated and resistance will hold. Consolidation will beginning after tight range, especially EJ pair. Still be careful. I wish everyone luck and stay calm you guys who have short positions.
  • #1,589
  • Mar 6, 2010 8:38am Mar 6, 2010 8:38am
This is my chart, nothing fancy. I probably won't decide till Monday how to enter but right now my intuition says there will be a feeble continuation of the bull perhaps another sixty to eighty pips and then four or five waves of sixty pip down movements and from there a little negative news will keep the bear going.
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  • #1,590
  • Mar 6, 2010 3:03pm Mar 6, 2010 3:03pm
Quoting engcu90
this up move was due to the positive news today for dollar which made usd/jpy go up and this makes ***/jpy go up because strong dollar means weak yen
I mean that this UP move was not due to strength in euro
euro still suffers
i am still holding my short and i entered short again @ 123
and don't forget that the main trend is down
sure these news today won't change the trend!
Cancel all short position ant take long.... it is over with short!!!! See you on 130.00
  • #1,591
  • Mar 6, 2010 5:40pm Mar 6, 2010 5:40pm
After doing a lot of analysis:
eur/jpy is going down but 124 is on my chart
then it will go to 118.60 @ least
so i will use my favorite startegy: Hedging
tp for buy order will be 124
tp for sell orders will be 118.70

reason to hit 124: break of down trend on 4hr
reason to go down: main trend is down
and 124 is strong resistance and i think it will hold
if it is broken, we go to 125.50 then bear continue to 118.70
break of 125.50 will change the trend and i will lose my money!
but i don't think at all that this will happen as not some news can change the trend!
also euro still suffers

opening in a gab will cancel this analysis..as this may make us go down directly with out seeing 124
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  • #1,592
  • Mar 6, 2010 10:37pm Mar 6, 2010 10:37pm
I won't be going long without a retrace. It's overextended IMO.A short entry for me will be at 122.81 IF it doesn't gap down on open, with a target of 121.90.
My reasons for this are: over-extension because of NFP. It's hit 61.8 fib and the trendline I drew a while ago (without adjusting for new data),I'd like to see retested.
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  • #1,593
  • Mar 6, 2010 11:03pm Mar 6, 2010 11:03pm
Quoting Awp Shout
Cancel all short position ant take long.... it is over with short!!!! See you on 130.00

As none of us here claim to be professional and we are just trying to learn from senior members. Please provide useful information and justify your reasoning, it will help us and it will help you to be a better trader. Thanks.
  • #1,594
  • Mar 6, 2010 11:05pm Mar 6, 2010 11:05pm
shud wait for a while to see where PA heads
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  • #1,595
  • Mar 7, 2010 1:06am Mar 7, 2010 1:06am
be patient if you dont hold any position, EUR/JPY is currently in the middle of its price range, better wait as it can go 50/50 either way.

im waiting to short around 124.60/124.90 area.
  • #1,596
  • Mar 7, 2010 3:33am Mar 7, 2010 3:33am
Just posting EU analysis as some members are also interested in EU and have open positions

Even better than expected NFP couldnt really afffect the rebounding Euro, and the Greek bail out has been in the news so long many analysts say its already factored in.

EU going up TP1--->1.40
TP---->1.42

Reasons EU currently at bottom trend line of rising wedge, has stalled at the 61% fib, indicators showing bullish momentum.

My personal conclusion (for me) -----> buy buy buy

This will all change if the Greek bail out does not come through which is unlikely to happen.

Comments welcome
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  • #1,597
  • Mar 7, 2010 4:40am Mar 7, 2010 4:40am
EJ analysis

with the euro temporarily rebounding and Japans policy of a weaker yen to help exports, analysts expect yen to weaken, with that in mind

Buy EJ for first target -----> 126.50

this coincides with the 23% fibo and a support turned resistance line. We have a confluence of levles, indicators show bullish momentum

Thereafter EJ may continue up or may go back down it depends. I think EJ will probably go up till end march.
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  • #1,598
  • Mar 7, 2010 4:47am Mar 7, 2010 4:47am

frome my view it will gose down to 120 00 0

  • #1,599
  • Mar 7, 2010 6:55am Mar 7, 2010 6:55am
Quoting fugly
Just posting EU analysis as some members are also interested in EU and have open positions

Even better than expected NFP couldnt really afffect the rebounding Euro, and the Greek bail out has been in the news so long many analysts say its already factored in.

EU going up TP1--->1.40
TP---->1.42

Reasons EU currently at bottom trend line of rising wedge, has stalled at the 61% fib, indicators showing bullish momentum.

My personal conclusion (for me) -----> buy buy buy

This will all change if the Greek bail out does not come through which...
That would be inline with what Petar & I are thinking.
I guess we will have to wait and see.
See the attached post.

http://www.forexfactory.com/showpost...postcount=1549
I trade what I see on my charts. Do Not listen to the Muppets.
  • #1,600
  • Mar 7, 2010 7:10am Mar 7, 2010 7:10am
Quoting fugly
Just posting EU analysis as some members are also interested in EU and have open positions

Even better than expected NFP couldnt really afffect the rebounding Euro, and the Greek bail out has been in the news so long many analysts say its already factored in.

EU going up TP1--->1.40...
I agree with you, 1.4000 expected target for long which is also the the 50% fibo of the big bearish trend
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