DislikedI am out and done, as long as the YEN strong (seems to be bottoming) out of thee EUR/JPYIgnored
It works till it doesn't
USD/JPY Trading Room 34 replies
EUR/GBP Trading Room 374 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Trading Room 328 replies
eur/usd, eur/jpy, usd/jpy average 0 replies
DislikedI am out and done, as long as the YEN strong (seems to be bottoming) out of thee EUR/JPYIgnored
DislikedGidday
Traded US/JPY quiet a bit,just fast in an out,to top up the account when I screwed up other trades.
Some times you get trapped in the other charts,can't move because you have to wait for trades to fall into profit.
So I started trading EUR/JPY every trade a winner,cool I am the MAN
Well F????K it went up nearly 8 cents against me,closed shorts.
Caught longs which fixed big bulls up.
Its hovering around this level. 106,500 been to 106,150
I have 2 small shorts,an 5 longs.
Thinking if EUR/US drops then this will pair...Ignored
DislikedI m still holding my shorts. Looking to TP around 105.xx. Anyone with me?Ignored
DislikedPossible but it would have to gain momendum first before more downwards movement. Meaning, I think a little more north movement before going that farIgnored
DislikedMy indicators MA & EMA would suggest the same resistance around 104.20. It looks to be cresting to a downtrend trend. It could go north but it seems more to be waffling at the top. I have short positions but once it becomes a downtrend, I'll switch from my daily chart to my 1h & 2h charts for positions.Ignored
DislikedI am also holding shorts, but i expect the price will go down to around 104.39...... what do you think?Ignored
DislikedDoesn't seem likes there any real sellers in any of these yen crosses, all the recent down moves feel like profit taking not smart money building short positions which is what you need to bring this pair down.Ignored
DislikedAny move in the currency market are with the banks. Retail currency does nothing. When the banks aren't moving currency, the market consolidates to nothing. So we wait till a central bank opens... yawn.Ignored
DislikedCentral banks as well as large investment banks & hedge funds move the markets, they've all been open since yesterday. The PA in these yen crosses has been very similar for the last 2 weeks or so there's no real establishing of short positions by smart money. A lot of this is probably due to elections around the corner & fiscal cliff still looming.Ignored
DislikedPositioning at 106.60 was a little bit rolling the dice this early but with a 20 pip stop, it was like a test position. If I stopped out, I would wait it out for another position and let the indicators define themselves up or down. At ~20 pips forward, I'll set the stop at zero for safety. If it goes 100 pips forward, I'll reset the stop at +40 pips and walk away from the computer. Not out of the woods by a long shot...Ignored