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EUR/JPY Anytime!

  • #4,321
  • Aug 25, 2010 5:30pm Aug 25, 2010 5:30pm
Quoting Petar_Serbia
Morning guys,

This one good run on eurjpy expext till main res...



Cheers



Petar
For me still bulish as i said




Petar
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyupdate.gif Size: 16 KB
"Buy on fear, sell on greed !!!
  • #4,322
  • Aug 25, 2010 8:14pm Aug 25, 2010 8:14pm
Quoting James Pier
Do you mean it can go down 100 + pips?

tks.

James
I hope so.. the pair also reversed on Camarilla H3.
But on 4 Hour chart, the trendline still holding..
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 24 KB
Attached Image
totutu
  • #4,323
  • Aug 26, 2010 3:54am Aug 26, 2010 3:54am
Quoting Petar_Serbia
For me still bulish as i said

Petar
Agreed. EUR/JPY bullish. 8 hour chart tells you everything. Macro view confirms. Weakening US data and possibility of QE II ( as yesterday expressed by Jim O´Neill from Goldman ) will pump up EUR/USD. JPY high probability of interventions ( although for now a lot of talk, no action from BOJ).

I am impressed Serbia has some clever Forex traders

By the way : what´s the trading platform you are using ?
________________________________ Errare humanum est
  • #4,324
  • Aug 26, 2010 4:02am Aug 26, 2010 4:02am
Quoting MisterTrader
Agreed. EUR/JPY bullish. 8 hour chart tells you everything. Macro view confirms. Weakening US data and possibility of QE II ( as yesterday expressed by Jim O´Neill from Goldman ) will pump up EUR/USD. JPY high probability of interventions ( although for now a lot of talk, no action from BOJ).

I am impressed Serbia has some clever Forex traders

By the way : what´s the trading platform you are using ?
Heh Thanks MIstertrader and welcome to the thread


Post your charts trades and enjoy



Petar
"Buy on fear, sell on greed !!!
  • #4,325
  • Aug 26, 2010 4:06am Aug 26, 2010 4:06am
Go to the link that Mr. Petar gives in anyone of his messages, at bottom.

James



Quoting MisterTrader
Agreed. EUR/JPY bullish. 8 hour chart tells you everything. Macro view confirms. Weakening US data and possibility of QE II ( as yesterday expressed by Jim O´Neill from Goldman ) will pump up EUR/USD. JPY high probability of interventions ( although for now a lot of talk, no action from BOJ).

I am impressed Serbia has some clever Forex traders

By the way : what´s the trading platform you are using ?
  • #4,326
  • Aug 26, 2010 4:27am Aug 26, 2010 4:27am
Quoting Petar_Serbia
Heh Thanks MIstertrader and welcome to the thread


Post your charts trades and enjoy



Petar
Thank you !

I like your nickname "Dr. Pipsomaniac". Excellent !

One request for help : how do you guys post chart images on this site without being a simple attachment ?

Thanks in advance
________________________________ Errare humanum est
  • #4,327
  • Aug 26, 2010 6:28am Aug 26, 2010 6:28am
Quoting forexclover
I hope so.. the pair also reversed on Camarilla H3.
But on 4 Hour chart, the trendline still holding..
Nice chart...ten hours ago. That trendline is the lower part of a bear flag on the larger 1h/4h timeframes based on what I see. Here's a little bit more elaboration through a chart.

Attached Image (click to enlarge)
Click to Enlarge Name: boom.jpg Size: 72 KB


Note how I use trendlines of previous trends to determine resistance/support levels to estimate potential targets.

One other very important sidenote. Unemployment numbers in ONE HOUR. For that reason I only have half a regular position in the market. I am quite bullish swing term...quite bearish long term and see today as a massive bear day...at least a retest of the lows. To be seen.

Good pippin all

Typo=> supposed to say bear flag
Different opinions highly valued, ignorant to slander.
  • #4,328
  • Aug 26, 2010 6:49am Aug 26, 2010 6:49am
Quoting psiholog
Nice chart...ten hours ago. That trendline is the lower part of a bear flag on the larger 1h/4h timeframes based on what I see. Here's a little bit more elaboration through a chart.

Attachment

Note how I use trendlines of previous trends to determine resistance/support levels to estimate potential targets.

One other very important sidenote. Unemployment numbers in ONE HOUR. For that reason I only have half a regular position in the market. I am quite bullish swing term...quite bearish long term and see today as a massive bear...
Welcome to the thread psiholog and good post...


For me still bulish i finished my trading for this week and i took about 400 pips this weeks,solid pips for me this week...

ON eurjpy i still see very good retrace from 161.8 Fib also we have my formation and from my last post eurjpz went about 140 pips,that was nice setup...Now we have news and everyting is posible i expext UP but we will see...


Cheers


Petar
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyen.gif Size: 18 KB
"Buy on fear, sell on greed !!!
  • #4,329
  • Aug 26, 2010 7:41am Aug 26, 2010 7:41am
Quoting Petar_Serbia

Now we have news and everyting is posible i expext UP but we will see...
When it comes to the news my logic is this. The last 2 days, every time there was major news coming during the US session, the Eur/Jpy went down in expectation of the bad news, and when the data came out (record lows on home sales data for example), the Eur/Jpy went up (as did USD/JPY and Eur/Usd since these 3 pairs are heavily correlated right now). In other words, bad data led to Euro strength.

Today, the market consolidated lower again. But for once the data was better then expected. Naturally the reaction should be opposite the data, to mislead traders since market makers are in the business of making money and news is their tool, no matter what the data says.

At least that's my philosophy today, lol.
Different opinions highly valued, ignorant to slander.
  • #4,330
  • Aug 26, 2010 7:50am Aug 26, 2010 7:50am
Quoting psiholog
When it comes to the news my logic is this. The last 2 days, every time there was major news coming during the US session, the Eur/Jpy went down in expectation of the bad news, and when the data came out (record lows on home sales data for example), the Eur/Jpy went up (as did USD/JPY and Eur/Usd since these 3 pairs are heavily correlated right now). In other words, bad data led to Euro strength.

Today, the market consolidated lower again. But for once the data was better then expected. Naturally the reaction should be opposite the data, to mislead...
Good philosophy

This is Forex and everything is posbile,FOrex dont have rules and dont have friends or enemies,Forex is netural and i love that...I started to earn money from him when i understud that maybe simple thing but for me huge...


Petar


PS: Keep posting on this thread than discussion will be more quality
"Buy on fear, sell on greed !!!
  • #4,331
  • Aug 26, 2010 8:16am Aug 26, 2010 8:16am
Quoting Petar_Serbia

PS: Keep posting on this thread than discussion will be more quality
No offense but this thread will never have many contributions. Very few people trade the Eur/Jpy. This pair is extremely volatile and for the traders that prefer more risk exposure, geppy is the name. I never understood why since that pair is more gambling then anything. You need an insane stop loss on that pair and even that may not be enough. Entry timing has to be...perfect. Eur/Usd is a lot more technical oriented but the volatility is not that great. For me, the Eur/Jpy is just right, the technicals apply and there is plenty of "manageable" volatility.
Different opinions highly valued, ignorant to slander.
  • #4,332
  • Aug 26, 2010 8:23am Aug 26, 2010 8:23am
Looking at some correlations in this pair and i see EURJPY correlated with S&P .. i am thinking base on the Good news is making this S&p futures go upppp .... This should be bullish for the
EURJPY ?????????????????



Can anybody give me some feedbackkk ....... I have really enjoyed reading this thread...


Blessings..
  • #4,333
  • Aug 26, 2010 8:24am Aug 26, 2010 8:24am
i have made over 3000$ tarding this pair using $1 per pip in the last 2 months using petar analysis i tell you am in love with that pair it gives me $$$ and this is the best forum u can ever find here we dont need too many cooks to spoil the broth











i will rather make money than being right
  • #4,334
  • Aug 26, 2010 8:24am Aug 26, 2010 8:24am
Quoting psiholog
No offense but this thread will never have many contributions. Very few people trade the Eur/Jpy. This pair is extremely volatile and for the traders that prefer more risk exposure, geppy is the name. I never understood why since that pair is more gambling then anything. You need an insane stop loss on that pair and even that may not be enough. Entry timing has to be...perfect....
Heh yea but reason why we dont have many contributions is charts my friend,

Charts speak more than any word,i hate threads when we have more than 200,300,600 online on thread,that is totalz unusefull.Thread where posters post any seconds is totayz unusefull that is i want to have good traders wich will post simple chart will litle explanation and thats it.That is the best for thread...
"Buy on fear, sell on greed !!!
  • #4,335
  • Aug 26, 2010 8:35am Aug 26, 2010 8:35am
Quoting psiholog
No offense but this thread will never have many contributions. Very few people trade the Eur/Jpy. This pair is extremely volatile and for the traders that prefer more risk exposure, geppy is the name. I never understood why since that pair is more gambling then anything. You need an insane stop loss on that pair and even that may not be enough. Entry timing has to be...perfect....


I think this thread is perfect i been trading the EURJPY for about 2 months and is been a great pairrr an looking at the info from here it has been great,....
  • #4,336
  • Aug 26, 2010 8:35am Aug 26, 2010 8:35am
Quoting psiholog
No offense but this thread will never have many contributions. Very few people trade the Eur/Jpy. This pair is extremely volatile and for the traders that prefer more risk exposure, geppy is the name. I never understood why since that pair is more gambling then anything. You need an insane stop loss on that pair and even that may not be enough. Entry timing has to be...perfect....

EURJPY is for me on of the best EURUSD,GBPUSD and EURJPY

IF we speak about daily range GBPUSD and EURJPY was similar 2008 and 2009


GBP/JPY – 348
GBP/CHF – 270
EUR/JPY – 239
GBP/USD – 222
AUD/JPY – 213
CAD/JPY – 201
EUR/USD – 177
NZD/JPY – 175
AUD/USD – 155
USD/JPY – 149
USD/CAD – 148
USD/CHF – 145
EUR/CHF – 128
NZD/USD – 126
EUR/GBP – 80

IF you trade on sup res you will risk low to gain huge never mind wich pair you trade,i dont care about voloty becouse everything is about size i can use SL 300 pips but just 1,2 % from ma balance
"Buy on fear, sell on greed !!!
  • #4,337
  • Aug 26, 2010 8:38am Aug 26, 2010 8:38am
Quoting psiholog
For me, the Eur/Jpy is just right, the technicals apply and there is plenty of "manageable" volatility.
You said it right..
I traded many pairs.. still now I cant understand GBP/USD.
I need a pair that gives good pips each day... So I went to EJ and trading it.
Its actually simple and beautiful..

We only need correct stop loss and perfect entry point.
Volatility is not high, but with correct analysis and stop loss, we can manage the volatility..

I think market manipulation is small with EJ.
totutu
  • #4,338
  • Aug 26, 2010 8:39am Aug 26, 2010 8:39am
I like very much this par, sometimes I winn and others I looss my main problen are the SL. ¿whete to put it?, because a lot of times the price reach it, follow some small pips and later goes back to the way I though.

Yesterday I bought EY and put the SL 100 pips down, I think is the only time that it moves more than 100 pips down in less then 3 hours.

Its my big problem.



James
  • #4,339
  • Aug 26, 2010 8:53am Aug 26, 2010 8:53am
EURUSD is very close to line and if see break we can ride UP

Reason is we have my formation+Price above Gann.WE broke diagonal trendline we need to break second line wich can be resistance and i expext ride UP...Tomorow is Friday i will take small very small position if i see break...



This is chart :



Cheers




Petar
Attached Image (click to enlarge)
Click to Enlarge Name: soon.gif Size: 23 KB
"Buy on fear, sell on greed !!!
  • #4,340
  • Aug 26, 2010 8:54am Aug 26, 2010 8:54am
James, thats also my problem.
This pair sometimes need big SL..
I even traded with 300-400 pips sl's..

Currently I am trying to understand the reversal points..
If we can identify the reversal points, we only need to use some 15-25 pips sl..
totutu
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