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  • #541
  • Mar 3, 2011 8:12pm Mar 3, 2011 8:12pm
looking to buy this pair.

price above 100sma
stoch turned up
nice bullish candle
fundamentals: euro is tightening thereby increasing its value
Attached Image
If you think you can or cannot do it you are correct
  • #542
  • Mar 3, 2011 8:28pm Mar 3, 2011 8:28pm
last session was vaey strong. on the daily chart price is below the 100sma but far from it - suggesting an overdur correction is around the corner
Stoch is pointing up and has crossed
If you think you can or cannot do it you are correct
  • #543
  • Mar 3, 2011 8:34pm Mar 3, 2011 8:34pm
Quoting Olu
last session was vaey strong. on the daily chart price is below the 100sma but far from it - suggesting an overdur correction is around the corner
Stoch is pointing up and has crossed
@82.40 with a tight stop looking for 8300 around the 100sma
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If you think you can or cannot do it you are correct
  • #544
  • Edited 4:08am Mar 4, 2011 12:39am | Edited 4:08am
just for fun

edit: quick escape may be req.

edit: AN up, EN up, NU dn, NJ stalling, NFP soon, exit +1, not much fun at all!!

.
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  • #545
  • Mar 4, 2011 1:49am Mar 4, 2011 1:49am
Quoting PeterE
just for fun

edit: quick escape may be req.

.
I know what you mean by just for fun. A compelling counter trend trade! As we dont know everything this trade might work out the best trade of the wee if the usdjpy takes off to the upside. And yes all ct trades need closer babysitting...

Well done PeterE
If you think you can or cannot do it you are correct
  • #546
  • Mar 4, 2011 2:14am Mar 4, 2011 2:14am
moved stop to b.e. before bed last night. moved it to just above todays open now so minimum of 37 pips, at 80 at the mo. think there could be a lot more down to come but on nfp day anything could happen, always a stressful day. might close it before
  • #547
  • Mar 4, 2011 5:54am Mar 4, 2011 5:54am
Quoting jimbo86
moved stop to b.e. before bed last night. moved it to just above todays open now so minimum of 37 pips, at 80 at the mo. think there could be a lot more down to come but on nfp day anything could happen, always a stressful day. might close it before
I took 30pip on the trade. Now I wish I wasnt too hasty. However check out the chart I uploaded. We are getting close to the breakdown point I highlighted a few days ago where I said this could easily rack up 700pips long term

You are already in...
Attached Image
If you think you can or cannot do it you are correct
  • #548
  • Mar 4, 2011 6:02am Mar 4, 2011 6:02am
Check out the eurjpy weekly chart

We have our magical 123 breakout all but confirmed
We have the MAs closing together
We have an agreeable MACD

This could be saying something bullish about this pair

Dare I say, no dream of targets like 120 and 127...
Attached Image
If you think you can or cannot do it you are correct
  • #549
  • Mar 4, 2011 6:16am Mar 4, 2011 6:16am
have just closed for 87 pips, moved stop tight but worried about slippage on nfp, have had it before. so thought best to take it. will look to reenter, probably not till monday though.
  • #550
  • Mar 4, 2011 7:15am Mar 4, 2011 7:15am
Quoting jimbo86
have just closed for 87 pips, moved stop tight but worried about slippage on nfp, have had it before. so thought best to take it. will look to reenter, probably not till monday though.
Great trade

Nobody knows how anything is

You stay in you may get stopped for 37pips or the market continues in your favour. Nobody knows. One thing I know now is that you have an untouchable 87pips in your account
If you think you can or cannot do it you are correct
  • #551
  • Mar 4, 2011 7:19am Mar 4, 2011 7:19am
I am also at a nailbiting point too I have 42 pips profit in the usdjpy. i think i am going to take it.
If you think you can or cannot do it you are correct
  • #552
  • Mar 4, 2011 7:23am Mar 4, 2011 7:23am
Quoting Olu
I am also at a nailbiting point too I have 42 pips profit in the usdjpy. i think i am going to take it.
Closed out for +38pips

All flat now. I an bullish on the usdjpy so I will be looking for entries in the eurjpy or the usdjpy, preferably the former.
If you think you can or cannot do it you are correct
  • #553
  • Mar 4, 2011 7:26am Mar 4, 2011 7:26am
NFP is hard to trade. if your happy with what you made sometimes its better to take and walk away. any profit can be wiped in seconds, but it could doube/ treble as well.
i dont know anything about usd/jpy. have never traded yen pairs.
best of luck with whatever you decide
  • #554
  • Mar 4, 2011 7:44am Mar 4, 2011 7:44am
with less volatility than expected. We can begin to search for entries again. The usdjpy came off 20 pips and is recovering. Euro came off about 35pips and is recovering. So we are in recovery mode

that nzdusd trade looks tempting...
If you think you can or cannot do it you are correct
  • #555
  • Mar 4, 2011 7:53am Mar 4, 2011 7:53am
keep an eyey on this.
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  • #556
  • Mar 4, 2011 7:56am Mar 4, 2011 7:56am
4hr chart
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  • #557
  • Mar 4, 2011 8:01am Mar 4, 2011 8:01am
I did not see that spike on my charts.

BTW: Were you highlighting the ending diagonal which usually means a rally in the wings?
If you think you can or cannot do it you are correct
  • #558
  • Mar 4, 2011 8:08am Mar 4, 2011 8:08am
Quoting Olu
I did not see that spike on my charts.

BTW: Were you highlighting the ending diagonal which usually means a rally in the wings?

i have a wedge on the 30 min chart that it failed to close below, and is approaching the upper line now
but taking the closes on 4 hr it closed below the lower tl.
still think shorts are the way to go
  • #559
  • Mar 4, 2011 8:24am Mar 4, 2011 8:24am
Quoting jimbo86
i have a wedge on the 30 min chart that it failed to close below, and is approaching the upper line now
but taking the closes on 4 hr it closed below the lower tl.
still think shorts are the way to go
We are trying to hold 7340 area. We are now at 7367. It is still a sell.
If you think you can or cannot do it you are correct
  • #560
  • Mar 4, 2011 8:28am Mar 4, 2011 8:28am
Quoting Olu
We are trying to hold 7340 area. We are now at 7367. It is still a sell.
im tempted, line on 30 min chart is holding. would like stop above 0.74 though. above 200 sma and former resistance
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