If U/J along with E/J having another corrective move 118.6x, 1.298x for E/U should be on the cards. Very unlikely for U/J with deeper correction but never know.
- #763,803
- Feb 25, 2013 4:45pm Feb 25, 2013 4:45pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
this what I mean bro
eu daily very clean chart
note the eclipse, is your 4hr iv H&S, not so nice looking here, but there is a bull drive in process from friday, and present 4hr trend is up, so I put in green line bull drive for you, I would expect a retest of the present neckline before deciding bulls say get stuffed and just continue the bigger drive north
or bears say get stuffed we heading south(yellow) or bull and bear engage at neckline and we head east, again I have bear prevailing, but if you want bull to victory you put you...
Time for 4th and final update, 1st H&S target achieved, 2nd H&S target achieved as per standard H&S neckline breach trades.
Charts Daily and selfexpanitory and posted corresponding dates, well done mighty "Bears" fuken good job
All trades pb at respectful levels, runners left, going to pub for coup[le hrs bb brit open
If you are new to Forex? Say Goodbye to your account!!
- #763,806
- Feb 25, 2013 5:48pm Feb 25, 2013 5:48pm
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #763,807
- Edited 6:11pm Feb 25, 2013 6:00pm | Edited 6:11pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir
- #763,810
- Feb 25, 2013 6:34pm Feb 25, 2013 6:34pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
When the facts change I change my mind, what do you do sir
- #763,811
- Feb 25, 2013 6:41pm Feb 25, 2013 6:41pm
I want the market to go back to 1.3045 again so that I can enter long and set my take profit at 1.3155...
But unfortunately the market always dis-agree with me,lol. I will just set pending buy order in case it suddenly go down while am away...
But unfortunately the market always dis-agree with me,lol. I will just set pending buy order in case it suddenly go down while am away...
- #763,812
- Feb 25, 2013 6:46pm Feb 25, 2013 6:46pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
I want the market to go back to 1.3045 again so that I can enter long and set my take profit at 1.3155...
But unfortunately the market always dis-agree with me,lol. I will just set pending buy order in case it suddenly go down while am away...
When the facts change I change my mind, what do you do sir
- #763,813
- Feb 25, 2013 6:47pm Feb 25, 2013 6:47pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
YEN/EURJPY UPDATE: Looks like daily pivot of 121.30 has turned to a little resistance in correlation to Yen 10.817 R2 turned support. Still early in the night. Don't really see anything until Benny's hearing at 10AM
EDIT: YEN may pierce the above support and retrace to around 10.72.
chart daily ej
note, the rejection last time pa was 127 70ish was vertical decent brutal bear power smash to 110 46 before BOJ kick in 1st intervention , is it possable again, who knows, what is clear anytime BOJ open purse strings this girl will rocket, without them this girl be a submarine
The last rally was pure intervention could say humongous truckloads of yen spent, question is, how much left in purse, mmm
I see no reason why cant target 110 again, presently was in descending channel @ previous resistance, a break north would have been bull flag, and mostlikely would have taken out the previous resist, but she broke south for now, fuken good job too
Where she going now?? tomorrow?? who knows, reality bears were still camped @ resistance, and have push down through a descending channe, my guess is in for some ping pong around the new S&R until this battle decided rr under 4hr is north over 4hr is south,
waiting for next 4hr battle winner
she now retesting the breached ltl of the 4hr falling channel
If you are new to Forex? Say Goodbye to your account!!
- #763,814
- Feb 25, 2013 6:53pm Feb 25, 2013 6:53pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
Yup could be but need to keep tight reins on yen prs,
chart daily ej
note, the rejection last time pa was 127 70ish was vertical decent brutal bear power smash to 110 46 before BOJ kick in 1st intervention , is it possable again, who knows, what is clear anytime BOJ open purse strings this girl will rocket, without them this girl be a submarine
The last rally was pure intervention could say humongous truckloads of yen spent, question is, how much left in purse, mmm
I see no reason why cant target 110 again, presently was in descending...
If you are new to Forex? Say Goodbye to your account!!
- #763,815
- Feb 25, 2013 6:55pm Feb 25, 2013 6:55pm
Trades will come your way lol. Many opportunities in FX. Only trade EURUSD?
... I enter short at 1.3085 earlier and my tp is 15 pips...curently at +5 pips...I might close it manually.
- #763,816
- Feb 25, 2013 6:56pm Feb 25, 2013 6:56pm
- Joined Mar 2012 | Status: Trader | 10,087 Posts
Elliott Wave EUR/JPY 2 hour count
Go Short @ 121.21-122.55 Area
with Targets
119.36 - 117.24 Area
117.24 is Fibo 38.2% (100.28 - 127.70)
Good trades and lot of pips
Go Short @ 121.21-122.55 Area
with Targets
119.36 - 117.24 Area
117.24 is Fibo 38.2% (100.28 - 127.70)
Good trades and lot of pips
- #763,817
- Feb 25, 2013 6:57pm Feb 25, 2013 6:57pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
Yup could be but need to keep tight reins on yen prs,
chart daily ej
note, the rejection last time pa was 127 70ish was vertical decent brutal bear power smash to 110 46 before BOJ kick in 1st intervention , is it possable again, who knows, what is clear anytime BOJ open purse strings this girl will rocket, without them this girl be a submarine
The last rally was pure intervention could say humongous truckloads of yen spent, question is, how much left in purse, mmm
I see no reason why cant target 110 again, presently was in...
Cyclical trend has been purchasing YEN during US session and selling in Asian session. What I am thinking is that we already know the Abe wants 2% inflation.
Follow the Yen futures and it will be a good day trading EURJPY and GBPJPY.
My current long on EURJPY is relatively small and my position I stated earlier was to play the YEN selling. I don't look to carry trade. If Yen looks to gain strength Ill cut it. Today was a 500 pip decline. 110 is very possible, but I wanted to pair trade this one. 1000 pips in two or three days seems erratic even for EURJPY, but than again I have only been following the pair for 3 months lol. BOJ is not on the docket I think, but I am looking for NZD and AUD tonight. Any weakness I may scale back.
I had previous R @ 121,30. If it cannot break Ill reduce!
When the facts change I change my mind, what do you do sir
- #763,818
- Feb 25, 2013 7:00pm Feb 25, 2013 7:00pm
- Joined Jan 2013 | Status: Trading defies logic | 4,643 Posts
Yeah,been studying and trading this currency pair for two years. I mainly do scalping because I don't like swing trading,I have no patience for it....lol
positive pips! I think 1.2965 is very possible, if not more. Look out for Bernanke tomorrow
When the facts change I change my mind, what do you do sir
- #763,819
- Feb 25, 2013 7:08pm Feb 25, 2013 7:08pm
- | Joined Oct 2011 | Status: Trader | 1,416 Posts
I want the market to go back to 1.3045 again so that I can enter long and set my take profit at 1.3155...
But unfortunately the market always dis-agree with me,lol. I will just set pending buy order in case it suddenly go down while am away...
- #763,820
- Feb 25, 2013 7:15pm Feb 25, 2013 7:15pm
Did U get some profit out of the 3205 long
I made a total of $45 yesterday with my long...I could have earned more but am afraid the market will go down suddenly so I close my trades early...haha. Am trying hard to control my greed...because it's my greatest weakness. Just few pips here and there is enough for me. How about you?