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EUR/JPY Anytime!

  • #3,581
  • Jul 16, 2010 9:24am Jul 16, 2010 9:24am
am adding my buy, TP at 113
  • #3,582
  • Jul 16, 2010 9:41am Jul 16, 2010 9:41am
Quoting MasterOfFibo
am adding my buy, TP at 113
got burned...ouch didtn close my buy position from 112.44 @113.12 for 10 lots and now i got a margin call !!
saved by the short on eur/usd, any suggestion for EUR/JPY trend?
Help to be helped.
  • #3,583
  • Jul 16, 2010 9:55am Jul 16, 2010 9:55am
Quoting Lazar83
got burned...ouch didtn close my buy position from 112.44 @113.12 for 10 lots and now i got a margin call !!
saved by the short on eur/usd, any suggestion for EUR/JPY trend?
it will go up, but dont follow me, make sure you have good MM
  • #3,584
  • Jul 16, 2010 10:06am Jul 16, 2010 10:06am
Quoting MasterOfFibo
it will go up, but dont follow me, make sure you have good MM
What is your SL?
  • #3,585
  • Jul 16, 2010 10:08am Jul 16, 2010 10:08am
the market is in a sell trend but japanese are buying treasury bill tonight would stay aside for now
  • #3,586
  • Jul 16, 2010 10:09am Jul 16, 2010 10:09am
Quoting MasterOfFibo
it will go up, but dont follow me, make sure you have good MM
i am tracking EUR-JPY for more than a year but today this thing just caught me of guard.again i was to greedy!
Help to be helped.
  • #3,587
  • Jul 16, 2010 11:04am Jul 16, 2010 11:04am
Quoting mrbandwidth
Short @ 113
SL: 113.4
TP: 111.35

Closed @ 111.57

I suspect a retracement now, so I'll try to load new shorts at the top ~112.3 .
Use me as a contrarian indicator
  • #3,588
  • Jul 16, 2010 11:10am Jul 16, 2010 11:10am
Look to see a pull back to 111.93 she's at the bottom BB on the 4hr; if she doesnt make that pull its a hard fall to 111 - 110.70
Make money or go broke... its the Forex way.
  • #3,589
  • Jul 16, 2010 11:17am Jul 16, 2010 11:17am
Quoting mrbandwidth
Closed @ 111.57

I suspect a retracement now, so I'll try to load new shorts at the top ~112.3 .
Great idea, I'm with you. Good trading everyone, see Sunday. I hate being stuck in a trade on Friday, so I'll take my chicken dinner and call it a day.
Make money or go broke... its the Forex way.
  • #3,590
  • Jul 16, 2010 3:15pm Jul 16, 2010 3:15pm
Quoting Petar_Serbia
Took loss on my Daily trade based,that was my mistake lol but its ok today on my private strategy took 250 and this loss is about 200 and its ok for today +50...

Also i opened 2 buy positions Inside bar pattern for buy also eurjpy broke Fibo line and now i dont see stop till 115.00...THat is all daily based same as previuse setup 3 % total risk...

Took buy at 113.00 SL 110.80 First TP 114.90 Second 117.00


Cheers
Mr.Petar Serbia,
Is your daily based setup still valid with TP 114.90 & 117.00 ?
Thanks in advance.
  • #3,591
  • Jul 16, 2010 5:44pm Jul 16, 2010 5:44pm
Quoting insomnia_76
Mr.Petar Serbia,
Is your daily based setup still valid with TP 114.90 & 117.00 ?
Thanks in advance.
Yes i am still long,

My SL is 110.50 First TP around 115 we wil see,Hilo looks good and i think this is just corection for buy....




Cheers and happy trading

Petar
Attached Image (click to enlarge)
Click to Enlarge Name: eurjen.gif Size: 23 KB
"Buy on fear, sell on greed !!!
  • #3,592
  • Jul 18, 2010 1:43pm Jul 18, 2010 1:43pm
WEekly just confirm my view for Buy and i must say this chart is very clear for me just is question time when EUR will explode UP from JPY...I will post Weekly chart with strong retrace points.I will post unzoomed all and zoomed to see what i mean...


For me EURJPY cant go lower becouse we see 7 weeks JPY tried to broke critical level but couldnt...


Cheers and trade safe


Petar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpyweekly.gif Size: 24 KB
Click to Enlarge Name: eurjpyweeklyzoom.gif Size: 23 KB
"Buy on fear, sell on greed !!!
  • #3,593
  • Jul 18, 2010 3:58pm Jul 18, 2010 3:58pm
@ Peter Serbian

Hello Peter, I am also long AUD/JPY pair...I believe that JPY strength is at critical point, even though there are other fundamental things that say JPY might go to the all time high around 79 (USD/JPY)...hopefully we'll see a risk aversion coming down this week...
  • #3,594
  • Edited Jul 19, 2010 3:07am Jul 18, 2010 10:30pm | Edited Jul 19, 2010 3:07am
I'm long EJ @ 111.896

Piercing pattern off 61.8% from last week range

Stop 100pips @ 110.896

TP1 112.896 (last week range high)
TP2 113.896 (my 1.5MM)

Edit:
Tp1 closed @ 112.81 (+91.4) Not a bad start for the week.
Attached Image (click to enlarge)
Click to Enlarge Name: 1EUR_JPY.jpg Size: 117 KB
  • #3,595
  • Jul 19, 2010 3:10am Jul 19, 2010 3:10am
Quoting Maxout
I'm long EJ @ 111.896

Piercing pattern off 61.8% from last week range

Stop 100pips @ 110.896

TP1 112.896 (last week range high)
TP2 113.896 (my 1.5MM)

Edit:
Tp1 closed @ 112.81 (+91.4) Not a bad start for the week.
Good trade as i said i am bulish till 115



Cheers
"Buy on fear, sell on greed !!!
  • #3,596
  • Edited 4:02am Jul 19, 2010 3:49am | Edited 4:02am
Petar I like your stile. I am new in fx and I am still loosing (demo money). Following you hopping to learn to be profitable. Thanks.
  • #3,597
  • Jul 19, 2010 4:20am Jul 19, 2010 4:20am
Quoting Petar_Serbia
Good trade as i said i am bulish till 115



Cheers

Great call. Have agreat day.
We trade to live not live to trade................
  • #3,598
  • Jul 19, 2010 4:53am Jul 19, 2010 4:53am
Thank you Petar for your excellent analysis


I think the EURJPY will reach to area between 119 -120 which is at 61.8 of the long up trend in the monthly chart. By this way, it will also hit the downtrend in the weekly chart (see attached pic, the higher arrow). This also represent a 61.8 of the last downtrend in the daily chart (the second pic)

However, it may end by reversing from the moving average (21 in the first pic) or the up trend from the monthly chart (the below arrow in the first pic).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy weekly chart 19-7-10.gif Size: 19 KB
Click to Enlarge Name: eurjpy daily 19-7-2010.gif Size: 19 KB
  • #3,599
  • Edited 5:38am Jul 19, 2010 5:21am | Edited 5:38am
We'll see if EURJPY is able to intersect the daily EMA55 at 113.67 coextensive with the upper line of Bollinger Bands further up. May be we could see then the 118.25 daily EMA120 or the 121.85 daily EMA200. Not the time for trading every kind of trend systems. H1 & H4 shows indifferend candels in a range 111.70 - 113.30, also the weekly bars (107.35 -114.20). If higher probabilities will be given for a breakout further north might be beset by doubts.

AUDJPY seems to be in a better way for a coming up further north with a weekly range from 72.40 till 80.65 with his market price around 75.50 at the moment & USDJPY (weekly range 85.25 - 95.00; with 86.57 at 9:15 GMT+1) by the same token.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY, 2010 July 19.jpg Size: 179 KB
  • #3,600
  • Jul 19, 2010 5:56am Jul 19, 2010 5:56am
Quoting Dragan
Petar I like your stile. I am new in fx and I am still loosing (demo money). Following you hopping to learn to be profitable. Thanks.
Hello Dragan,

For sure you will learn but for Forex you need patiance,your time,discpline and firsting first Knowlage..Read some books about Forex,also about Money Menagement,use google if you cant find i will upload you...



Cheers and happy trading

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