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  • #6,641
  • Apr 12, 2012 9:18am Apr 12, 2012 9:18am
4hr trendline shattered, here we go. Daily 200 Sma hold for the 2nd time in the past month. 3rd leg always is the longest. Took awhile, but stuck to my guns, now I will reap the benefits.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 29 KB
Please do not vouch for me.
  • #6,642
  • Apr 15, 2012 5:28am Apr 15, 2012 5:28am
if support holds i am looking for a long to 107.4
  • #6,643
  • Apr 15, 2012 1:09pm Apr 15, 2012 1:09pm
Quoting torkay77
if support holds i am looking for a long to 107.4
Price needs to consolidate at 105.5 for a potential move up in the short term. Still bearish.
  • #6,644
  • Apr 15, 2012 1:12pm Apr 15, 2012 1:12pm
I would wait on this pair before jumping in. Still lots of room to downside possible.
  • #6,645
  • Apr 15, 2012 5:34pm Apr 15, 2012 5:34pm
Friday trades triggered @17:00 JST.
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Click to Enlarge Name: Noname 2012_04_13_4.png Size: 26 KB
  • #6,646
  • Apr 15, 2012 9:02pm Apr 15, 2012 9:02pm
Hi Again Traders... I hope you all have had a great weekend. Here's my take/update on this pair...

the first chart is my post on this thread from March 26. The analysis called for a potential Elliott Wave Expanded Flat corrective formation to unfold and also identified a very noticeable divergence unfolding at the same time.

Many of you though I was 'off my rocker' as I was shorting this pair for a cpl hundred pips... but as you can see from the second chart, this analysis is about ready to hit a target identified 525 pips ago

I have made many adjustments to the charts and added quite alot of fib measurements and diagonals that I trust. All have added confirmation for this zone to be important to price...

So my Buy Zone is 104.04 to 104.72...

and if momentum lines up (currently entering the oversold zone), then I am ready-finally- for the long positions... looking to 113.56 area and 114.11 for bullish targets...

Good Luck Traders... Have a terrific week all...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12.03.26.EJ.FFPost.JPG Size: 108 KB
Click to Enlarge Name: 12.04.15.EJ.ffpost.wo.JPG Size: 159 KB
  • #6,647
  • Apr 16, 2012 1:03pm Apr 16, 2012 1:03pm
Stopped out then re-entered at +1 & 1/2 times my original load at 104.75. I understand your strategy and congrats on the call. However, the problem with spain is what drove this price lower. If this problem continues it may be a problem but I have been assured that this will not be the case. 113 is still my long term T/P


Quoting deanoracer
Hi Again Traders... I hope you all have had a great weekend. Here's my take/update on this pair...

the first chart is my post on this thread from March 26. The analysis called for a potential Elliott Wave Expanded Flat corrective formation to unfold and also identified a very noticeable divergence unfolding at the same time.

Many of you though I was 'off my rocker' as I was shorting this pair for a cpl hundred pips... but as you can see from the second chart, this analysis is about ready to hit a target identified 525 pips ago

I have made...
Please do not vouch for me.
  • #6,648
  • Apr 16, 2012 5:17pm Apr 16, 2012 5:17pm
Quoting spillini
Stopped out then re-entered at +1 & 1/2 times my original load at 104.75. I understand your strategy and congrats on the call. However, the problem with spain is what drove this price lower. If this problem continues it may be a problem but I have been assured that this will not be the case. 113 is still my long term T/P

Thats a Great Point!!! And sorry to hear your positions were taken out...

I have initiated a couple of long positions from 104.72 and have already moved my stops to breakeven - Plus a few...

there are a few different momentum indicators I rely on - and 2 (daily charts) show we might still have another push downwards... the rest of them show bull momentum may be grabbing hold a bit more now.

I reposted the chart from yesterday, I notice the 200sma was printed based on the low, so this new screenshot has it calculated with the closing price... makes even more sense for today's bounce from the level we have been waiting for since March...

Good Luck to our Long positions !!!!!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 12.04.16.EJ.wo.JPG Size: 159 KB
  • #6,649
  • Apr 16, 2012 9:56pm Apr 16, 2012 9:56pm
Hey fellas, hope your weekend was grand.

I'm reading off a strong bearish sentiment from this pair, Let me get my bearings straight and get back to you with greater incentive. I know I have been bearish for the past couple of weeks. so, let's see...
  • #6,650
  • Apr 17, 2012 12:51am Apr 17, 2012 12:51am
Here u r high and low for the whole week

107.60 - - - 102.60



enjoy
  • #6,651
  • Edited 1:33pm Apr 17, 2012 1:22pm | Edited 1:33pm
I loaded her back up +1.5 times what I had on at stopout and have claimed a lot of it back. Also took a nice big buy on Kiwi down at 81.50. Anyway, here is the kicker. The 200 SMA was able to swallow up all that momentum and hold once again. This is a very hard level to break, (See next post), and usually has to be tested several time before it breaks. Like I said, Spain happened and caused the nice Bullish Daily Hammer we see here.


Quoting spillini
Stopped out then re-entered at +1 & 1/2 times my original load at 104.75. I understand your strategy and congrats on the call. However, the problem with spain is what drove this price lower. If this problem continues it may be a problem but I have been assured that this will not be the case. 113 is still my long term T/P
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 29 KB
Click to Enlarge Name: ej1.gif Size: 27 KB
Please do not vouch for me.
  • #6,652
  • Apr 17, 2012 1:30pm Apr 17, 2012 1:30pm
Even though sometimes the price doesnt exactly touch the 200 SMA, it still counts as support and resistance. Below you will see the touch points and below that, the bigger picture in the form of a huge weekly bullish Falling Wedge.



Quoting spillini
I loaded her back up +1.5 times what I had on at stopout and have claimed a lot of it back. Also took a nice big buy on Kiwi down at 81.50. Anyway, here is the kicker. The 200 SMA was able to swallow up all that momentum and hold once again. This is a very hard level to break, (See next post), and usually has to be tested several time before it breaks. Like I said, Spain happened and caused the nice Bullish Daily Hammer we see here.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 37 KB
Click to Enlarge Name: ej1.gif Size: 36 KB
Please do not vouch for me.
  • #6,653
  • Apr 18, 2012 11:59am Apr 18, 2012 11:59am
Following yesterday’s post on this theme, I opened few moments ago a long position on EURJPY based on Haikin-Ashi chart, supported by CCI20 and MA200 on daily time frame.

The assumptions are simple: open long at 2nd day on the green after reversal, CCI20 crossing over the center line, trend seems to be resuming bullish mode.

As this trade is intended for experience only, because I have no expertise on HA charting, it was opened with half of leverage and assuming that all above conditions aren’t meet yet.

Waiting for conclusions, any comment will be welcomed!

https://otraderdescodificado.files.w...d_20120418.png
https://otraderdescodificado.files.w...h_20120418.png

Umbeluzi - April 18, 2012 (5h55 pm GMT)
  • #6,654
  • Apr 19, 2012 12:26am Apr 19, 2012 12:26am
I remain bearish
  • #6,655
  • Apr 20, 2012 12:38pm Apr 20, 2012 12:38pm
Since price action has moved up more than my initial stop loss magnitude, I have moved it to break even. In the event of any sign of correction or reversal on daily/4H charts before target price meet, I close my position for now. All signals will be taken from Haikin-Chart.

Umbeluzi - April 20, 2012 (18h30 GMT)

(Following yesterday’s post on this theme, I opened few moments ago a long position on EURJPY based on Haikin-Ashi chart, supported by CCI20 and MA200 on daily time frame.)
  • #6,656
  • Apr 23, 2012 10:17am Apr 23, 2012 10:17am
Quoting Umbeluzi
Following yesterday’s post on this theme, I opened few moments ago a long position on EURJPY based on Haikin-Ashi chart, supported by CCI20 and MA200 on daily time frame.

The assumptions are simple: open long at 2nd day on the green after reversal, CCI20 crossing over the center line, trend seems to be resuming bullish mode.

As this trade is intended for experience only, because I have no expertise on HA charting, it was opened with half of leverage and assuming that all above conditions aren’t meet yet.
Trade stopped out at break even. Please refer my comments on the chart below.

It seems this type of chart (Heikin-Ashi) has its own merits for entry/exit points, if considered for swing trading. Decision making can be done in conjunction with Ichimoku charts and an oscillator to spot OB/OS conditions and divergencies.

https://otraderdescodificado.files.w...23_stopped.png

Umbeluzi
  • #6,657
  • Apr 24, 2012 10:10am Apr 24, 2012 10:10am
EURJPY medium term bullish now
The market will deceive you. Make your own judgement.
  • #6,658
  • Apr 24, 2012 7:59pm Apr 24, 2012 7:59pm
113 is still my T/P people. wave C starting.
Please do not vouch for me.
  • #6,659
  • Apr 27, 2012 11:49am Apr 27, 2012 11:49am
What is the least resistance for EUR JPY ? Have a look at charts below to see the options. Not granted any direction for now.

https://otraderdescodificado.files.w...d_20120427.png
https://otraderdescodificado.files.w...h_20120427.png

Have a nice week-end!
  • #6,660
  • Edited 9:55am Apr 29, 2012 9:43am | Edited 9:55am
I guess there will be a gap today when the market resumes for EURJPY. Lots of traders going long while the retail traders are sidelined until the market resumes! as at now, the current price for the pair is 106.75! view here, and view EURO
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