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  • #5,301
  • Oct 25, 2010 12:15am Oct 25, 2010 12:15am
If we play guessing game...
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  • #5,302
  • Oct 25, 2010 12:25am Oct 25, 2010 12:25am
Quoting anthoniex
If we play guessing game...
The reason why I thought about 60 hours is because I would expect the price to accelerate more upon breaking that 23.6% fib line @ around 111.88 to 112.00
Moreover on the H4 chart is clear it is reversing at a slower pace and IF it does break for the downside then it normally does that quick momentum we all like, similar to the bullish move from the 78.6 fib level @ 107.9 to the 38.2% fib @ 111.88.
  • #5,303
  • Oct 25, 2010 3:03am Oct 25, 2010 3:03am
Quoting anthoniex
SELL now
target (median line) reached
risk 7 pips reward +73 pips, Risk Reward Ratio 1:10
very close to my yellow dot target
price might still go down more but I'm happy with what I got...
good luck everyone!
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  • #5,304
  • Oct 25, 2010 3:21am Oct 25, 2010 3:21am
Quoting anthoniex
target (median line) reached
risk 7 pips reward +73 pips, Risk Reward Ratio 1:10
very close to my yellow dot target
price might still go down more but I'm happy with what I got...
good luck everyone!
Nice trade. Nice R/R.
________________________________ Errare humanum est
  • #5,305
  • Oct 25, 2010 3:24am Oct 25, 2010 3:24am
Nice analysis guys.
FF journal: Peaks and Troffs
  • #5,306
  • Oct 25, 2010 10:23am Oct 25, 2010 10:23am
Quoting anthoniex
target (median line) reached
risk 7 pips reward +73 pips, Risk Reward Ratio 1:10
very close to my yellow dot target
price might still go down more but I'm happy with what I got...
good luck everyone!
Congratulation

I dont trade EURJPY these days after good last week becouse i dont see good setup on Volume but hope it will be in next days ...
"Buy on fear, sell on greed !!!
  • #5,307
  • Oct 25, 2010 1:21pm Oct 25, 2010 1:21pm
Possible re-entry levels between 113.16 & 113.30
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  • #5,308
  • Oct 25, 2010 1:39pm Oct 25, 2010 1:39pm
Quoting Petar_Serbia
Congratulation

I dont trade EURJPY these days after good last week becouse i dont see good setup on Volume but hope it will be in next days ...
Thanks Petar. When I first started doing Forex demo last year, I always have good luck with this pair...beginners luck I guess but I do like this pair. I'd like to know how you use volume in FOREX
  • #5,309
  • Oct 25, 2010 2:12pm Oct 25, 2010 2:12pm
just sold at 112.99
SL 113.10
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  • #5,310
  • Oct 25, 2010 6:28pm Oct 25, 2010 6:28pm
Quoting anthoniex
just sold at 112.99
SL 113.10
Target Hit
risk 11 pips reward +46 pips
Good luck everyone!
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  • #5,311
  • Oct 25, 2010 6:53pm Oct 25, 2010 6:53pm
Quoting anthoniex
Target Hit
risk 11 pips reward +46 pips
Good luck everyone!
price turning around @ your target point, it must be beginners luck again...
  • #5,312
  • Oct 26, 2010 9:10am Oct 26, 2010 9:10am
Taking in account the H4 analysis, we could be facing a bull scenario but when we analyse the H1 chart we can see a symmetrical triangle. We also have a descending channel that's being held and the sell-out area mentioned earlier worked out perfectly. Rvi has just been crossed down meaning further downside potential. I'm looking for a temporary target @ 112.00 area.
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  • #5,313
  • Oct 26, 2010 9:27am Oct 26, 2010 9:27am
http://img828.imageshack.us/img828/5091/dailyej.jpg

The trend is your friend.
________________________________ Errare humanum est
  • #5,314
  • Oct 26, 2010 1:01pm Oct 26, 2010 1:01pm
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  • #5,315
  • Oct 26, 2010 1:15pm Oct 26, 2010 1:15pm
Quoting MisterTrader
http://img828.imageshack.us/img828/5091/dailyej.jpg

The trend is your friend.
I have mine >

Friend is your TREND
"Buy on fear, sell on greed !!!
  • #5,316
  • Oct 26, 2010 1:22pm Oct 26, 2010 1:22pm
A possible entry opportunity on the 15 minute timeframe.
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  • #5,317
  • Oct 27, 2010 4:36pm Oct 27, 2010 4:36pm
ON closing of 4 hr candle that was marked i went sel.Red line is SL and blue lines are TP1 and TP2.EU is making bulish divergance so theare could be retrace on up on both pairs.I usualy dont trade this pair but when i have setup from EU will try this time.
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  • #5,318
  • Oct 27, 2010 10:27pm Oct 27, 2010 10:27pm
another re-entry opportunity on this pair - 15m timeframe
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  • #5,319
  • Oct 27, 2010 10:56pm Oct 27, 2010 10:56pm
Currently at resistance level. Incase of a break out, we could see 113.52.

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  • #5,320
  • Oct 28, 2010 5:43pm Oct 28, 2010 5:43pm
http://img688.imageshack.us/img688/9706/ej8h.jpg

This situation cries for an option play. Into one or the other direction, a breakout pattern will occur.

An option strategy called a "strangle" is the right answer. It is a combination of out of the money put and out of the money call with the same expiration date.

Itīs a volatility bet when you expect a large move of an underlying financial instrument but do not know into which direction the movement will go.

http://www.investopedia.com/terms/s/strangle.asp
________________________________ Errare humanum est
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