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  • #727,521
  • Dec 4, 2012 9:43pm Dec 4, 2012 9:43pm
Quoting gatorinla
ypp at 3588.. this last low at 2661 the mid point is 3124.5
the valid morn from last year that never hit is 3594..
3594 mid to 3596 is 3127.5
most mids retrace some.

gator but there was a target of 1.2744 if I am not wrong when 1.2988 was hit which is still not achieved. You think this rally is too strong to continue to 1.32 and whereabouts or will retrace sometime in next 2-3 days.
  • #727,522
  • Dec 4, 2012 9:46pm Dec 4, 2012 9:46pm
Quoting robertrfx
Hi Everyone, According to my view EU indicating higher up to 1.313X area prior to drop. However I will wait for price to retest 1.3000 - 1.3025 area prior to go long. This is my only view and any fundamental news may change the direction quickly.


Getting closer to my target.

Banked partial profits. Waiting to bank rest.
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  • #727,523
  • Dec 4, 2012 9:48pm Dec 4, 2012 9:48pm
Quoting robertrfx
Getting closer to my target.

Banked partial profits. Waiting to bank rest.
I think there are multiple resistances in the area 1.3100 to 1.3130 and it will struggle here
  • #727,524
  • Dec 4, 2012 9:49pm Dec 4, 2012 9:49pm
watch mode for eurjpy , gbpjpy, and usdjpy
The market will deceive you. Make your own judgement.
  • #727,525
  • Dec 4, 2012 9:50pm Dec 4, 2012 9:50pm
sold eur/jpy. played against the trend. I know. lets see how this plays out
  • #727,526
  • Dec 4, 2012 9:52pm Dec 4, 2012 9:52pm
Quoting ninjafx
watch mode for eurjpy , gbpjpy, and usdjpy
ya samurai's in action. but think it is a fake rally since euro not reacting as expected
  • #727,527
  • Dec 4, 2012 10:01pm Dec 4, 2012 10:01pm
eurusd very small move . So I am thinking that this might be an asian session high then down for a possible retracement .
The market will deceive you. Make your own judgement.
  • #727,528
  • Dec 4, 2012 10:03pm Dec 4, 2012 10:03pm
Quoting Nachiket
gator but there was a target of 1.2744 if I am not wrong when 1.2988 was hit which is still not achieved. You think this rally is too strong to continue to 1.32 and whereabouts or will retrace sometime in next 2-3 days.
the pair dont forget. retrace target is not the same as a solid target. on a retrace you have to find weakness. and that would have been after 2987 till 3172... we still didn't have a good weakness signal on a day. here in the 3118/50 area is another place to look. it had the usdx with a valid target.. not a retrace target.. both have wedges .. you have a monthly and week day fibs here. .. you have a tl using closes. and some mids.. so just look for weakness.. st pa says 3144 or 47.. the usdx agrees.. these are just babies up against some big R
those who can, do. those who cant, talk about those who can
  • #727,529
  • Dec 4, 2012 10:04pm Dec 4, 2012 10:04pm
Quoting ninjafx
watch mode for eurjpy , gbpjpy, and usdjpy
yes watch them closely,

they effecting pa in general, everything today asian is positive, even yuan 1%, and yet yen taking a dump,

it is been this manipulated way too long, when yens prs do turn will be nasty, key is when, would look nothing lower than 4hr levels for yen prs, yes them close various resists, but manipulation does not respect any levels big explosion, dust settle then pa will fall back into normality

bring on brit open
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  • #727,530
  • Dec 4, 2012 10:08pm Dec 4, 2012 10:08pm
Anyone could explain me the fundamentals between this up move these past few days.
i have no clue.

Thx
  • #727,531
  • Dec 4, 2012 10:10pm Dec 4, 2012 10:10pm
Quoting divak
Anyone could explain me the fundamentals between this up move these past few days.
i have no clue.

Thx
All part of pricing it in. Then once they realize a deal or two, was never reached, down it goes.
Time turns trend. - W.D. Gann
  • #727,532
  • Dec 4, 2012 10:19pm Dec 4, 2012 10:19pm
Quoting gatorinla
the pair dont forget. retrace target is not the same as a solid target. on a retrace you have to find weakness. and that would have been after 2987 till 3172... we still didn't have a good weakness signal on a day. here in the 3118/50 area is another place to look. it had the usdx with a valid target.. not a retrace target.. both have wedges .. you have a monthly and week day fibs here. .. you have a tl using closes. and some mids.. so just look for weakness.. st pa says 3144 or 47.. the usdx agrees.. these are just babies up against some big R...
yes I think today's move can be a entire trap move specially seeing what eur/jpy has done for months now
  • #727,533
  • Dec 4, 2012 10:19pm Dec 4, 2012 10:19pm
Quoting Solomon1a
-242 right now and i am not expecting any downtrend this or next few weeks. i should close it now and take new profits, dont you think? or you think there are any signals?
There are few perspectives to view this;
1) You can close and take losses, and admit mistakes and damage is done. - Step aside for trading until your emotionally stable.
2) Allow time for price to possible retrace to a better position of resistance turn support area or good fibo levels of retrace, to let it go at a better price/lose smaller, if your margin is big enough but risk taking it even higher.
3) You can close and change direction -> but risk of reversal; this happened a lot to traders taking wrong direction at not so right time. If you are lucky, you continue in the right side of trend. { i have seen trader longing a aud/usd trade at somewhere 1.0250 then price slipped into 1.0100, the trader went to close his long position and entered a sell at 1.0110, next few 4hour bars price leaped back to 1.02 }. - Double damage?
4) If your margin is big enough, u can add martingale, to retrace some pips to breakeven both trades -> not recommended if ur margin is small as it can increase red positions. For example, A trade -200 pips, B trade only need + 50 pips to have a 0 balance, where A trade becomes - 150, and B trade + 50.
5) Ignore your position and the noise, let it become a winner - increase more funds.

your money, think and decide carefully, whatever the outcomes.
  • #727,534
  • Dec 4, 2012 10:24pm Dec 4, 2012 10:24pm
Closed half of my positions from 95 at 22 other half SL's @ +5 wish I would of bought more on this last leg! Cmon 55
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  • #727,535
  • Dec 4, 2012 10:26pm Dec 4, 2012 10:26pm
Quoting Nachiket
yes I think today's move can be a entire trap move specially seeing what eur/jpy has done for months now
there is about 8 different things happening here that i know of. and a bunch i dont c..
those who can, do. those who cant, talk about those who can
  • #727,536
  • Dec 4, 2012 10:32pm Dec 4, 2012 10:32pm
Quoting gatorinla
ypp at 3588.. this last low at 2661 the mid point is 3124.5
the valid norn from last year that never hit is 3594..
3594 mid to 3596 is 3127.5
most mids retrace some.
touched
those who can, do. those who cant, talk about those who can
  • #727,537
  • Dec 4, 2012 10:37pm Dec 4, 2012 10:37pm
Quoting gatorinla
touched
well done sir. now to your next target for 47. wonder how many targets you have on the upside?
  • #727,538
  • Dec 4, 2012 10:37pm Dec 4, 2012 10:37pm
the euro made a hh.. but the usdx did not make a LL when it did.
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those who can, do. those who cant, talk about those who can
  • #727,539
  • Dec 4, 2012 10:42pm Dec 4, 2012 10:42pm
Quoting Nachiket
well done sir. now to your next target for 47. wonder how many targets you have on the upside?
no man.. 25 would be hit no matter what.. my point is there is a bunch of reasons the pair may have a hard time getting past these points w/o a retrace. most times on any move in the center there is a retrace. now is this the center?, is the question...
44 and 47 are st targets.. st targets lie a bunch.. you cant trust them alone.
those who can, do. those who cant, talk about those who can
  • #727,540
  • Dec 4, 2012 10:46pm Dec 4, 2012 10:46pm
Quoting gatorinla
the euro made a hh.. but the usdx did not make a LL when it did.
yes so bearish divergence is possible?
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