EUR/JPY Anytime!

Now that move was NOT kind to my stops Hope it was good ideas to reshort!

SL hited,now i have just cable 2 sell positions and wait for short entry on eurjpy...

Cheers

R2: 107.40
M3: 106.65

Cheers

A big support formed around 106.85 area. R1 106.88 and Camarilla H4 106.89 are acting as a good support now. Moreover, my fibo expansion comes on 106.82 area..
Still long..

Took see on eurjpy i will go for 50 pips,we will see..

Cheers

Petar

Last print 107.01. Next 16 hours will be very interesting. China macro data over the weekend will bring some clarification.

Will you leave an open position and you'll go to sleep with this "interesting" news on China?

I'm affraid I'll close all positions before turn off the computer...... or there is another way to avoid Murphy's law?.



James

TP for 10 pips below the R2. Finish surfing
Waiting for UPtrend confirm at H4

Trade closed on 107.32..
Reason: Friday..

Good trade i still hold my short,we will see till market close...

There are two options :

1) Closing positions
2) Hedging ( either through the us of options, futures or currency pair that is inversely correlated to EUR/JPY...)




8 hour chart a couple of hours later :

http://img227.imageshack.us/img227/1...090920108h.jpg

Guys, my one platform, AvaFx showing friday close price is 106.68.
Another platform, LiteForex showing 107.02.
I know AvaFx closes last..
Whats your part?

MB Trading = 106.961 close.
Alpari = 106.70

Cheers,

Hazard

Forexclover

Hello 107,03, at 9 pm GMT, and 11pm GMT closes 106,71

Highest 107,39 by the time you sold.

Cheers.



James.

Hello want to post to keep track of thread thanks.

Thank you guys for the price update..
I think it is now clear that EJ is going down.
We will see on monday with a gap..

Quite a statement.


Sept. 11 (Bloomberg) -- China’s industrial output rose at a faster pace than analysts estimated in August, signaling that the world’s third-biggest economy is maintaining momentum as growth moderates.
Production gained 13.9 percent from a year earlier, more than that 13 percent median estimate of 29 economists, a statistics bureau report showed in Beijing today. Consumer prices jumped 3.5 percent, the most in 22 months, as food costs climbed. Retail sales increased 18.4 percent.
Today’s data suggest domestic demand is withstanding curbs on bank lending and government crackdowns to cool the property market and meet energy and pollution targets. Bank of America- Merrill Lynch forecasts gross domestic product will expand at least 9.4 percent this quarter and 9 percent in the final three months of the year, aiding the global recovery as elevated unemployment caps U.S. growth.
“Domestic demand is robust and the Chinese economy is heading for a smoother and softer landing than people had feared,” said Lu Ting, a Hong Kong-based economist at Bank of America-Merrill Lynch.

Sept. 11 (Bloomberg) -- New lending in China rebounded in August and expansion of the money supply unexpectedly accelerated, reflecting strong demand for credit in the world’s fastest-growing major economy.
Banks extended 545.2 billion yuan ($80 billion) of new local-currency loans last month compared with 532.8 billion yuan in July, the People’s Bank of China said on its website today. That was the first acceleration in four months and compared with the median forecast of 500 billion yuan in a Bloomberg News survey of 26 economists. M2, the broadest measure of money supply, grew 19.2 percent from a year earlier, the first pickup in nine months.



I wouldn´t be surprised to see "risk on" trading on Monday.

Deutsche Bank last price 106.97.

Have a good weekend.

Thank you, Mister.

My AvaFx chart below...
.

am new in this market please i need Ur help.is Monday going to be bearish or bullish most particularly which currency pair.