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  • #521
  • Jan 30, 2013 9:27pm Jan 30, 2013 9:27pm
The 100 Ema on the monthly chart has held price down below 12380 for now. I see this as a short term correction only with price to continue upwards.
My trade in currently up 58 pips. Price cuurently trading at daily pivot. I will tighten my stops and await the eur open. With US nfp upcomong this may be a short term correction. I'm willing to B/E since my entry was good and above the 100EMA.

It's either going to stop me at even or a larger move down to 12275 which is the 5 sma level on the daily chart.
Attached Image (click to enlarge)
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  • #522
  • Jan 30, 2013 11:14pm Jan 30, 2013 11:14pm
Closed my eur/jpy short trade at 123256 . OPened at 123809. As long as the daily RSI is above 70 as it is now,I'd expect a rally at some point. Even with a 60 pip move down price did not break down into my 240 min 20 Keltner upper band which was also the daily pivot and M5 level. It did close below the 60 min Keltner lower band so I will look for a retrace to its mid line and decide. Standing aside is an option if it ranges going into NFP Friday. I did notice that price has not touched weekly pivot. Next weeks weekly pivot reading could be a potential target if market rallies from here.
  • #523
  • Jan 31, 2013 1:09am Jan 31, 2013 1:09am
Looks like all the news says downward we go.

When it confidently breaks 122.51 I will be selling pullbacks up to that area.
  • #524
  • Jan 31, 2013 6:13am Jan 31, 2013 6:13am
what do you ppl think about the christmas gap? are we sealing it int the near future, or ever?
  • #525
  • Jan 31, 2013 6:39am Jan 31, 2013 6:39am
Quoting breal
what do you ppl think about the christmas gap? are we sealing it int the near future, or ever?
Too interests. The guru, tell beginners?
  • #526
  • Jan 31, 2013 4:05pm Jan 31, 2013 4:05pm
Target reached.

Quoting igmak
Retracement is done. Last short trade was closed at BE level with no P/L.
Long target is 124.34.

https://www.tradingview.com/v/TJ3hDxBa/
Do not follow my trades. Trade what you see on your own charts.
  • #527
  • Jan 31, 2013 4:30pm Jan 31, 2013 4:30pm

UP UP UP and AWAY!!!!


THIS PAIR IS JUST GETTING STARTED!
  • #528
  • Jan 31, 2013 5:09pm Jan 31, 2013 5:09pm
http://www.bankfotek.pl/image/1410086.jpeg
  • #529
  • Jan 31, 2013 5:12pm Jan 31, 2013 5:12pm
Quoting Dano12
http://www.bankfotek.pl/image/1410086.jpeg
is there any correction to get back?
  • #530
  • Jan 31, 2013 5:19pm Jan 31, 2013 5:19pm
Booked around $60K..
Closed 90% of positions now
Now Sideline whole-day... NFP Day is always tricky!!
Market never Ends.. So trade Safe All.
Good Luck

Going to Sleep
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #531
  • Jan 31, 2013 5:23pm Jan 31, 2013 5:23pm
maybe now 123 75 fibo but TP 125 60-69 and correction
  • #532
  • Jan 31, 2013 5:33pm Jan 31, 2013 5:33pm
Quoting aviz12
Booked around $60K..
Closed 90% of positions now
Now Sideline whole-day... NFP Day is always tricky!!
Market never Ends.. So trade Safe All.
Good Luck

Going to Sleep
How much time trading to make that ?
Be the change that you want to change
  • #533
  • Jan 31, 2013 5:35pm Jan 31, 2013 5:35pm
Quoting Dano12
maybe now 123 75 fibo but TP 125 60-69 and correction
i think , it will be up more and more
  • #534
  • Jan 31, 2013 5:39pm Jan 31, 2013 5:39pm
Quoting mubinirl
How much time trading to make that ?
Around 8 hours..
Took good amount of position..

Now just sideline.. its NFP Day.. when Europe opens, things could be trickier..

I do know this Pair has high upside potential,, but instead of not booking this profit, is stupidity..
so i just booked and closed 90% positions..
Might see profit taking as we come close to Europe open or so..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #535
  • Jan 31, 2013 5:42pm Jan 31, 2013 5:42pm
Quoting aviz12
Around 8 hours..
Took good amount of position..

Now just sideline.. its NFP Day.. when Europe opens, things could be trickier..

I do know this Pair has high upside potential,, but instead of not booking this profit, is stupidity..
so i just booked and closed 90% positions..
Might see profit taking as we come close to Europe open or so..
i hope that
i have lose trade

i have sold it at 91.70 dollar-yen
and euro-yen 24.10
all i have lose trade
maybe i will close it

  • #536
  • Jan 31, 2013 5:43pm Jan 31, 2013 5:43pm
Focus now remains on china manufacturing data.. which could give a push up further to this pair, or will retrace..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #537
  • Jan 31, 2013 5:45pm Jan 31, 2013 5:45pm
this pair being overbought is an understatement. its up thousands and thousands of pips. greed is well entrenched into this pair.
  • #538
  • Jan 31, 2013 5:51pm Jan 31, 2013 5:51pm
Quoting aviz12
Around 8 hours..
Took good amount of position..

Now just sideline.. its NFP Day.. when Europe opens, things could be trickier..

I do know this Pair has high upside potential,, but instead of not booking this profit, is stupidity..
so i just booked and closed 90% positions..
Might see profit taking as we come close to Europe open or so..
Mind me asking which TF you trade with ? But even if there's a pullback you know the trend is up ? So why book profits so early ?
Be the change that you want to change
  • #539
  • Feb 1, 2013 12:37am Feb 1, 2013 12:37am
Quoting mubinirl
Mind me asking which TF you trade with ? But even if there's a pullback you know the trend is up ? So why book profits so early ?
I agree, I prefer booking profits, as NFP day is usually very tricky..
so instead of not chunking in the profit, and see a retrace, reducing my profit, is not well played.
I know it will retrace little back.. and i will re-enter at pull back or breakout above..

But i always keep 10% open position, to be in the market still for that specific pair.
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #540
  • Feb 1, 2013 12:38am Feb 1, 2013 12:38am
128 is next target for E/J.
Classical chart patterns of currencies from 15+ Year Pro Trader
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