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  • #771,661
  • Mar 14, 2013 11:28am Mar 14, 2013 11:28am
Quoting Ken A
That's good.

Yes shorting Yen so far. Try to long last weeks didn't go well.

whats wrong exactly whats happening now why the sudden up and down movements?!!
  • #771,662
  • Mar 14, 2013 11:30am Mar 14, 2013 11:30am
Quoting Stonar901
whats wrong exactly whats happening now why the sudden up and down movements?!!
E/J? Side effect from U/J and E/U and no direct selling/buying for E/J.
  • #771,663
  • Mar 14, 2013 11:30am Mar 14, 2013 11:30am
Quoting Ken A
E/J? Side effect from U/J and E/U.
Yeah i can see u/j going down EU going up :S
  • #771,664
  • Mar 14, 2013 11:31am Mar 14, 2013 11:31am
Quoting chess king
my target for long is 2994..
entry 2915 stop loss i 2870..now be+1
I will not get more on the market today ... I want to see how close..
target
  • #771,665
  • Edited 11:55am Mar 14, 2013 11:33am | Edited 11:55am
tp on Eu long @ 12997. will look to go back in. or maybe even short first from 13043 if we reach it and shows resistance
  • #771,666
  • Mar 14, 2013 11:34am Mar 14, 2013 11:34am
Quoting Stonar901
Yeah i can see u/j going down EU going up :S
This going to get messy if UJ joins coz its the only thing stopping EJ now
  • #771,667
  • Mar 14, 2013 11:44am Mar 14, 2013 11:44am
Quoting Ken A
Your indicator can not tell you the noises from the actual move (direct selling/buying).

Put this formula using Microsoft Exel and punch in the rate for each currency pair. You will understand why to watch 3 charts.

EUR/USD x USD/JPY = EUR/JPY

EUR/JPY ÷ EUR/USD = USD/JPY

EUR/JPY ÷ USD/JPY = EUR/USD

1.3035 x 95.79 = 124.86

124.86 ÷ 1.3035 = 95.79

124.86 ÷ 95.79 = 1.3035
Clearly therefore, if both UJ & EU are bullish, then EJ is bound to also be bullish - and vice versa. That's the trouble with these triangulated cross pairs - the two pairs can sometimes either compromise a move or cancel it out completely. However, if both pairs are bullish, you're on to a safe bet.
  • #771,668
  • Mar 14, 2013 11:44am Mar 14, 2013 11:44am
Quoting Stonar901
This going to get messy if UJ joins coz its the only thing stopping EJ now
added more shorts . SL 1.3007.
  • #771,669
  • Mar 14, 2013 11:45am Mar 14, 2013 11:45am
Quoting Vectamart
Clearly therefore, if both UJ & EU are bullish, then EJ is bound to also be bullish - and vice versa. That's the trouble with these triangulated cross pairs - the two pairs can sometimes either compromise a move or cancel it out completely. However, if both pairs are bullish, you're on to a safe bet.
Problem right now is, UJ is dropping and thus undoing the good work of EU
  • #771,670
  • Mar 14, 2013 11:49am Mar 14, 2013 11:49am
Quoting Vectamart
Problem right now is, UJ is dropping and thus undoing the good work of EU
It looks like a case of euro strength but general dollar weakness.
  • #771,671
  • Mar 14, 2013 11:50am Mar 14, 2013 11:50am
EURUSD 50 pips higher from the point where I said that it would go higher with other risk assets. Nice.
  • #771,672
  • Mar 14, 2013 11:50am Mar 14, 2013 11:50am
Quoting Vectamart
It looks like a case of euro strength but general dollar weakness.
If this keeps up, EJ longs are going to be toast.
  • #771,673
  • Mar 14, 2013 11:51am Mar 14, 2013 11:51am
Quoting Vectamart
Problem right now is, UJ is dropping and thus undoing the good work of EU
True, set the SL @BE+ 1 mate, didn't see what I expected... Will be closed soon...
  • #771,674
  • Mar 14, 2013 11:52am Mar 14, 2013 11:52am
Hello traders,
an update for the USD Dollar Index that can be helpful not only for trading the EUR/USD (52% of the Dollar Index) but also the other major pairs USD/JPY, GBP/USD, USD/CAD and AUD/USD.

We had a sequence a of two traditional measured moves higher: the first with long entry in the 82.30 area with target in 83. The second with entry in the 82.70 area and targets at 83.40 (today's highs). We now have a new (third) long setup in the sequence at the 83.00 area (check the picture below).

The third long setup just traded: support was shown at the 83.01 level. This long setup has a stop, and failure level, below 82.90. Below this level the sequence of measured move is interrupted and we could see the start of the move lower in the Dollar Index (Scenario 1)

http://www.forexfactory.com/attachme...1&d=1363277753

Here are my two scenarios, as usual:

Scenario 1. If price comes below the 82.90 level the sequence of measured moves higher on the daily chart ends and price could start its move towards the 20-day SMA (partial targets area). The move could then continue lower after a bounce.

Scenario 2. If the next setup long on the daily chart is respected, i.e. price of the index never moves below 82.90 there is the possibility of a continuation higher into the next target at the 83.60 area (1st target) and even higher.

Let me know what you think.
Thank you

PS: Euro FX futures just approaching the resistance at 1.3000 in my last analysis
"markets traded by programs/HFT offer a significant trading edge..."
  • #771,675
  • Mar 14, 2013 11:53am Mar 14, 2013 11:53am
To all ballerz , good luck trading on EU summit , you will need it
  • #771,676
  • Mar 14, 2013 12:00pm Mar 14, 2013 12:00pm
My 1h chart update and red box is short zone
Attached Image (click to enlarge)
Click to Enlarge Name: 1h9.png Size: 82 KB
  • #771,677
  • Mar 14, 2013 12:00pm Mar 14, 2013 12:00pm
UJ parabolic rally might end ...

EU bears got a last chance today to exit near 2920...

EU trying to regain momentum 3020 crossed...
  • #771,678
  • Mar 14, 2013 12:02pm Mar 14, 2013 12:02pm
Quoting Bocephus
My 1h chart 3030 again?
Posted over an hour ago
  • #771,679
  • Mar 14, 2013 12:05pm Mar 14, 2013 12:05pm
Quoting Bocephus
My 1h chart 3030 again?
Great job
  • #771,680
  • Mar 14, 2013 12:06pm Mar 14, 2013 12:06pm
fuck me...lol
same moves all the way from 3700.
3015 was taken, so I really couldn't care any less. was thinking that 3017. but could still be 3042.
I gotta see where this 4 hour candle's gonna close.
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