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
Dislikedin the long run, technical trading is favored over news trading . the sudden downwards movement was because of the Econ Min of Japan. Just like the NFP and etc, the market reacts suddenly but overtime it will follow the techs. its always worked for me, IMOIgnored
Dislikedyou are right but you miss something: you are not trading now according to trend, you are buying because of news, because Abe will weaken Yen right?
Think that he is going to apply his mentioned plan, what will USA do? do you think they will watch or weaken dollar more?Ignored
DislikedNot at all, look at the higher TF's the trend is up, the news added fuel to the moves but the trend is definitely up, that's why your seeing crazy shakeouts like last night night.Ignored
DislikedI see that you are sure of yourself. Actually I entered this pair after I saw your messege. I got around 800 pips so I am happy. I also wish this to continue but its complicated. Where will it go? Do you think it will go to 130s if Abe's policy is supported by BOJ?Ignored
DislikedVolatility has drastically increased so there's going to be major shakeouts along the way similar to last night and the beginning of last week there was one as well, this is a mix of profit taking, stop running & repositioning. The free ride on this one is over IMO, if your going to get long your going long at these levels your going to need to do it on situations like this where theres a fast heavy selloff, and your going to need a larger stop to give the trade room to breathe. This trade is starting to get crowded so the big guys will try to flush...Ignored
DislikedI've got my stop at 118.22 for my short, and a long entry order at 118.35Ignored
Dislikedwe just in the past few hours tested the 1 hr support level on ej 117.6230 and it hasn't broken. I would say we are in a somewhat of a tight range, between 117.6230 and 119.952. nonetheless, I believe we are still very much bullish and could a break the 1hr resistance 119.952 within the next few days. This would take us ito 123 and further into this year eventually to the monthly resistance point of 139.2100 (Fib 100). The monthly trade hasn't confirmed yet, but so far this is what I am leaning towards.Ignored