EURUSD

EUR/JPY Daily

I am more inclined the trend goes as USD/JPY with 2 next possible targets on the daily 122.37, 122.90 and 1 on the weekly 123.80. More targets on the upside.

It doesn't close the probability of downward correction target of 118.08 with deliberate panic sell-off as we have seen last week for EUR/USD and EUR/JPY (-640 pips).

No Fibonacci, couldn't find confluence area or respected since Oct 2012 so I gave up

Where do you enter the trend? Quite interesting. Source: Technical Analysis of Stocks and Commodities.

Question: Can a supper analyst be the super trader at the same time with real money on the line?
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Sure, why not. Than again, you cannot be a super trader without being a super analyst. This thread gives many examples of that daily. I know what you're trying to get at; however, a trader would have to be a fool to put "real" money on the line with the inability to analyze the difference from his ass to his elbow

Congratulations to you Kiwi if you have shorted when the Right Shoulder was forming at 1.3585 and keep adding since.
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Hey no arguements here. What matters to others don't concern me. I am more concerned about my account statements not about quoting my posts to prove something on the forums
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Double No Touch - Option barriers of two predetermined upper and lower levels.
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Yes could be, also chuck in bennie this weekend, going to be interesting Monday Open, for those holding over, I hope they get a chance to cover, my guess is even longer term traders holding over would have covered Friday

Agree with weekly H&S but the interesting thing with H&S, they start building in the lower timeframes, and as each timeframe neckline trades occur, they generally move into the next time frame, and repeat up throught the timeframes, generally when you see a H&S forming in the weekly, often zoom into daily its H&S is completing, 12hr has completed, 4hr has not only completed but in process of printing its second H&S etc etc

As for further out targets, ie weekly, as per any H&S the targets are projected from neckline breaches, Head top to breach, inverted for targets

note
H&S standard trades are "Neckline" breaches only
H&S are possable reversal patterns
Neckilne breaches are normally violent, remembering it is a reversal of the present trend, and accordingly there will be many still riding the trend, and / or even trying to get a seat on the trend train,

So back to your updated chart, yes the weekly H&S has potential "if" the neckline " breaches, which the right side neckline could have already printed Friday, so personally I will be watching the daily and 12hr H&S,s to indicate what the weekly wants to do first. any gap business could stuff up an premium entry at breach, is why I posted an option for a nasty gap up Monday ie to daily right shoulder, this would give great encouragement to those riding the bull train, however it would also give great encouragement for bears looking for an anti trend entry @ right shoulder or sitting tight and wait patiently for the daily neckline breach.

I have always preferred any S&R breach to retest, if the retest holds, the breach is more reliable, and lastly I have seen more H&S,s fail than succeed, but when you do get it right, and the trend does reverse, your entries are optimum, and can look to hold a lot longer than any entry later in the new trend.

Sadly as with "any" counter trend trade plan, or possible reversal pattern, you will be the minority on threads like this, and generally take some stick, similar to what I got when I attacked Cable 1 6369 chart attached, my bread and butter trades are selling opens, daily weekly and monthly, 6369 was also a yearly open

Cable Chart Daily
note, the risk to reward for the opens,
To clarify this method of selling opens, Selling monthly opens (or buying) adding on weekly opens, profit targets PB on daily,s, the reality for cable as shown, can be best seen on a monthly chart

Note I posted my Jan open attack, but was killed, but I then attacked my monthly resistance 6369 , fortunately this held and printed a beautiful doji, also posted, she has been my baby so far this year , chart dosnt look much, but it is a 1300+ pip fall, and for me stuff all risk for entries

If you sell or buy a monthly open, and pa goes your way, you will often have a shaved candle or minimal wick double top or bottom, with your entry right at the apex, I only sell ladies and buy swissy, so I determine / calculate my sl risk, depending on as many factors as possible, when ready I enter ONE trade accordingly, if pa goes against me I will be stopped, and take the hit, if pa continues north, I am sidelines waiting for a reversal pattern, or next monthly S&R or if pa goes back below the monthly open, I will try again, with my sl above the high, only doing one trade at a time, I accept being stopped as part of trading, but I also accept the rewards when I get it right

Again note the rr for cable this year, and imagine a position at Jan open. Feb Open and even March open has the fall more room, who knows, I do know some strong monthly levels were broken, a retest of the rising tl monthly (purple), is definitely on the cards, as above with eu, this would look good for Bulls looking to catch a bottom, but it also looks good for bears, if the retest holds,

Shit I have wrote too many words sorry

i think

go up 1.3255


And a rapid decline to 1.3180 and then to 1.3315

And after the great loss

I agree that we will get a agressive unwinding of risky assests sooner or later, but our boy Ben is not willing to let it happen just yet. Even though he (and everybody else with an IQ higher than a rock) knows that it's going to happen, he's trying to prevent the bubble from bursting all at once.

His chatter over the weekend was basically more of the same, i.e. low rates to support the weak recovery, etc, etc.. Even though the US Indexes continue to strive for new record highs, the sell:buy ratio from insiders is rumored to be 50:1 at the moment (source Zero Hedge)

What does this all tell me?

Wait. Even though I'm short the S&P at the moment from Friday, after closing at exactly 1518.10 I very well could be on the wrong side of the trade. Monday will tell.

As far as the EU is concerned, it could do anything from here. We'll know at around 3065 what the market wants.

Well.. One predetermined upper and one predetermined lower level anyways

Any thoughts on the morning trading in Asian session?

Mine are shorting EURGBP and EURUSD and for the day leave EURJPY alone - Unless Mr. Mooneshine comes up with a 20/20 on the levels of course...

Double No Touch - Option barriers of two predetermined levels. One upper and one lower. Happy?

My buy limit for EUR/USD missed by 18 pips on Friday so no position over the weekend. Only one long for USD/JPY and did stupid thing on Friday to close EUR/JPY from bottom range to go short just to be stopped out.

US wants strong dollar at the moment, Japan weaker Yen and EU weaker EUR. 3 largest currencies at play a deadly combination if got caught being on the wrong side. Will probably try a short for E/U if below 1.3121 failure at retest.

Won't touch EUR/JPY on SUnday opening as it's in the mid of nowhere as you can see from the daily chart above.

No idea about EUR/GBP but have one long for GBP/USD over the weekend.

EUR/USD weakening at the end of the week, sentiment still weak along with GBP/USD. AUD/USD still maintaining ground.

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http://www.yourjewishnews.com/2013/02/25840.html

wonder what made this guy explode from the inside

As expected after Beppe Grillo’s comments:

http://www.telegraph.co.uk/news/worl...from-euro.html

We are heading down in premarket opening for EUR/USD

Beppe is not playing ball !!

i went back to basics Friday (in Asia).. just scalping atm w/o indies for now (8 pair).. maybe will hold some charts after 2909 with closes. month close was bearish, and below the year open. we were near 2909 it has gravity, but its also a s/r.. we were 40+ pips away Friday.. the ej also closed under 2130... that's under yr1 after being above. with an attraction in normal moves to 107.50,,, with the mid at 114.70 .... the boj makes this less likely. but 114.70 wouldn't take much with a hint the Italians or basically going to destroy the euro if they chose to. we dont know what they will do. and all us saying where it is going is guesses. not even educated ones. the Italians have the potential of, bringing this thing to breakup.