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EUR/JPY Trading Room

  • #401
  • Jan 18, 2013 12:31am Jan 18, 2013 12:31am
Quoting 4rextrader
thank you.



DaEdge, I assume your still in some yen crosses. I was targeting 123 for ej, and 92 for uj. my tp for gj is still undetermined. what you think?
Im still in e/j & a/j long, I'm looking for 125.00 e/j. A/j is open target.
It works till it doesn't
  • #402
  • Jan 18, 2013 1:30am Jan 18, 2013 1:30am
Quoting bogus
If there is one thing I've learned about this pair, it's that it respects 00 and .50 more than any other. Probably .50 the most.
Spot on. The round numbers act as fantastic support and resistance on this pair. More so than other's I've observed. Watch PA around these areas very carefully.
What is any ocean but a multitude of drops?
  • #403
  • Jan 18, 2013 4:50pm Jan 18, 2013 4:50pm
Quoting DaEdge
Im still in e/j & a/j long, I'm looking for 125.00 e/j. A/j is open target.

Next week, Ill be awaiting new highs as well as my tps getting hit. GL brother
  • #404
  • Jan 19, 2013 1:20am Jan 19, 2013 1:20am
Daily Euro Yen accompanied with my trading style. Currently waiting for yet another Entry Point for Long position if we continue with consolidation this week.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy with 3 trading plans.jpg Size: 149 KB
  • #405
  • Jan 19, 2013 3:11am Jan 19, 2013 3:11am
I've just started scalping this pair, I'm not doing so well at the moment. But there is a new week ahead! I just was not expecting big moves in such a short period of time, up to 10 pips in seconds... sometimes I feel like I can't even click fast enough lol. I have my trade explorer set up on my testing/development account (yes I develop systems on live trades )

Is anyone else scalping? It seems like you can get a lot of profit out of these 5-10 minute trades, and my broker offers a decent spread (under 2 pips) for this pair.
  • #406
  • Jan 19, 2013 6:49am Jan 19, 2013 6:49am
Quoting saussiche
I've just started scalping this pair, I'm not doing so well at the moment. But there is a new week ahead! I just was not expecting big moves in such a short period of time, up to 10 pips in seconds... sometimes I feel like I can't even click fast enough lol. I have my trade explorer set up on my testing/development account (yes I develop systems on live trades )

Is anyone else scalping? It seems like you can get a lot of profit out of these 5-10 minute trades, and my broker offers a decent spread (under 2 pips) for this pair.
Yes sir I scalp using this pair. Honestly the only way to scalp successfully and survive is to do the following.

1) Use stop losses of about 3 to 6 points.
2) The price which you use as a stop loss. Is the place you put a pending order in the opposite direction of the loss.
3) Always wait for proper scalping formations.

What I've come to notice is, you have 1 candle which determines the swift change in price. I'm only referring to scalping. That one candle you will never be able to enter at its start, because its usually a 5 to 10 point 1 min candle. Yet, you can accurately predict that price by using a pending order. I'm actually discussing that method on the following thread.

http://www.forexfactory.com/showthread.php?t=405552
  • #407
  • Jan 19, 2013 10:39am Jan 19, 2013 10:39am
Quoting 4rextrader
Next week, Ill be awaiting new highs as well as my tps getting hit. GL brother
Same to you go sir. Lots of news next week for yen crosses should be a fun ride.
It works till it doesn't
  • #408
  • Jan 20, 2013 5:27am Jan 20, 2013 5:27am
waiting too for the new week ahead.
  • #409
  • Jan 20, 2013 6:39pm Jan 20, 2013 6:39pm
I took a short from 119.92, I've taken 45 pips off. I use a 15 pip stop and have left the other 2 to run. I got stop out of my long from 120.09 that I took when the market opened. Next target is 119.05.
120 area isn't a bad place to short, so I'll keep the last lot open and see how she runs. Tomorrow will be interesting regards Japan news.
This pair looks quite nice if you put a fib on the 4 hour chart from mid November until now.
Just need e/u to crack 1.33 to help us down.
Hope we all have a good week.
FF journal: Peaks and Troffs
  • #410
  • Jan 21, 2013 12:06am Jan 21, 2013 12:06am
well, montly R2 made the Giant butterfly resisten.
fiuh i fill to shoot cus look like jump to the ground.
  • #411
  • Jan 21, 2013 3:28am Jan 21, 2013 3:28am
Stop now at 119.60
Bed for me.
FF journal: Peaks and Troffs
  • #412
  • Jan 21, 2013 2:00pm Jan 21, 2013 2:00pm
What time is BoJ announcement expected? I found some info saying 02:30 to 05:00 GMT.
  • #413
  • Jan 21, 2013 8:28pm Jan 21, 2013 8:28pm
During this afternoon I started to ask myself.. is it possible that BoJ inflation target to remain unchanged?? I think it's quite possible, BoJ marked its independence many times, what the new government asks for may be not what they think it's the best
  • #414
  • Jan 21, 2013 8:59pm Jan 21, 2013 8:59pm
We're going to 118.50. See my attachment. Wave 5 on an Elliot Wave to the 1.272 Fibonacci level
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Analysis 1.21.13.jpg Size: 315 KB
  • #415
  • Jan 22, 2013 4:29am Jan 22, 2013 4:29am
Quoting pabloski
BoJ marked its independence many times, what the new government asks for may be not what they think it's the best
orait note
  • #416
  • Jan 23, 2013 12:50pm Jan 23, 2013 12:50pm
117.92
the 3% down fall will start now.
[ive bought a seiko, just to help the yen, let's see]
I'll shop after the drop
  • #417
  • Jan 23, 2013 1:10pm Jan 23, 2013 1:10pm
Nice long set up on the daily for a long of the demand area.

http://i1356.photobucket.com/albums/...psb17094ca.jpg
It works till it doesn't
  • #418
  • Jan 23, 2013 1:16pm Jan 23, 2013 1:16pm
Quoting DaEdge
Nice long set up on the daily for a long of the demand area.
it will go to 115 and we'll have a HS, what do you say ?

[meanwhile, i'll get rich, just like you]
I'll shop after the drop
  • #419
  • Jan 23, 2013 1:21pm Jan 23, 2013 1:21pm
i'm glad you guys agree with 115 before 120+
  • #420
  • Jan 23, 2013 1:21pm Jan 23, 2013 1:21pm
Quoting Willow
it will go to 115 and we'll have a HS, what do you say ?

[meanwhile, i'll get rich, just like you]
lol. 118 I say, before NY session tomorrow
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