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  • #779,021
  • Mar 27, 2013 9:51am Mar 27, 2013 9:51am
Quoting math_GB
It wasn't rocket science mate, was S3 on daily. Ceteris paribus, it should test 120.90 if it can hold above 120.33.
good luck, hopefully it can hit that target for you.
  • #779,022
  • Mar 27, 2013 9:51am Mar 27, 2013 9:51am
Quoting math_GB
I will be happy with 120.80 promise...
Also does not compute by E/U and U/J

I have reverted to short again
  • #779,023
  • Mar 27, 2013 9:51am Mar 27, 2013 9:51am
Quoting vlady1974
Hello Sir!

Mate I remember jou mentioning Cyprus either in Jan or Dec as a half-hearted joke. Then it all hit the fan on the news and I had a bit of a chuckle and realised I'd not spoken to you for a while... and got me back into this sordid mess

How's the wind in your sails?
EU is one shameful theatre mate, we all know that... There was nothing new with Cyprus but they wanted to put it back on the menu... Oh well..

I am doing fine, it was my best March ever. Still fighting with some devious failures tough. My signature reflects what I feel

Great to have you here again mate...!
  • #779,024
  • Mar 27, 2013 9:52am Mar 27, 2013 9:52am
ok bullshit done. now we go and test 119.93
  • #779,025
  • Mar 27, 2013 9:52am Mar 27, 2013 9:52am
Quoting math_GB
I will be happy with 120.80 promise...
So you're long on EJ now? It's confusing me today, especially the 1H. Thought she was a downer. Now I'm seeing tails.
I know you want the 80/90 - which makes sense if EU stays where's she's at... but EU looks like she wanna test 696.... so EJ @ 119?
A pip is only worth it if you know how much you risked to earn it
  • #779,026
  • Mar 27, 2013 9:54am Mar 27, 2013 9:54am
Quoting ZacharyRC
How did you miss todays daily direction?
To miss any trades today means you:

1. Ignored PA
2. Went directly against the trend on EVERY HTF {ex. Monthly}
Attached Image (click to enlarge)
Click to Enlarge Name: ZRC.png Size: 32 KB
  • #779,027
  • Mar 27, 2013 9:54am Mar 27, 2013 9:54am
Quoting math_GB
I will be happy with 120.80 promise...
to be frank that much money cannot be made on contrarian trades. if 120.52 is crossed 120.71 will be taken out as well in due course but it will come back and test 119.93 again. that is not out of the picture
  • #779,028
  • Mar 27, 2013 9:54am Mar 27, 2013 9:54am
Quoting vlady1974
So you're long on EJ now? It's confusing me today, especially the 1H. Thought she was a downer. Now I'm seeing tails.
I know you want the 80/90 - which makes sense if EU stays where's she's at... but EU looks like she wanna test 696.... so EJ @ 119?
Big movement flip to H4
  • #779,029
  • Mar 27, 2013 9:55am Mar 27, 2013 9:55am
Quoting ec_creep
perhaps not that bad thru my other chart, I could see why you took a shot there, and 40 for a possible 140 (?) isn't a bad r/r
Got that right, except if it does work and we have a turn looming here, I'm aiming for 2980 at least. I'm not a scalper, more of a mid-term trader
  • #779,030
  • Mar 27, 2013 9:57am Mar 27, 2013 9:57am
Quoting Ken A
Big movement flip to H4
Got it.. So Ken, are you reading this current bounce as the 2nd bottom from the Feb bounce? Hence 122 and beyond?
A pip is only worth it if you know how much you risked to earn it
  • #779,031
  • Mar 27, 2013 10:02am Mar 27, 2013 10:02am
Quoting vlady1974
Got it.. So Ken, are you reading this current bounce as the 2nd bottom from the Feb bounce? Hence 122 and beyond?
I don't go that far just watching 3 charts E/U, U/J and E/J for possible next target. Yen Crosses are different from main cross such as E/U is very predictable and S/R are respected most of the time and less noise as E/J.

Try this
Attached File(s)
File Type: xlsx YEN CROSS correlation.xlsx   10 KB | 412 downloads
  • #779,032
  • Mar 27, 2013 10:08am Mar 27, 2013 10:08am
I dont like that monthly candle at all. Thought we are going to be somwhere else in the mid of the week. In fact I would need monthly to close above ,2956 - ,3006 zone, which seems kinda far away now. Nevertheless, monthly is bearish so far. But hey, two more days. I have very strong incomming support at ,2666 now, but think this weekly candle has gone far enough. Cant see monthly close below ,2666, but can imagine test and bounce.

edit: btw, closed all longs yesterday in mid of the night, right after daily close, and waiting on sidelines.

T
"I know one thing, that I know nothing." Sokrates
  • #779,033
  • Mar 27, 2013 10:08am Mar 27, 2013 10:08am
The $10M Chicago-based proprietary trading firm now expects the euro to hit $1.10 this year, below its original forecast of $1.20, as the Italian political situation worsens, doubts creep in about Spanish banks and capital flees the euro zone for the US. "The way the euro zone handled Cyprus made me more bearish," says KMJ founder Ken Jakubzak. He's waiting for a bounce to around $1.28 to reestablish short positions, looking for a quick trade to somewhere in the $1.2660. The road to $1.10 will be a long one, but the currency's drop should speed up considerably once $1.20 is broken, Jakubzak says. It's at $1.2768 now, down 0.7%.
Trade smaller than rational because the market is irrational...
  • #779,034
  • Mar 27, 2013 10:09am Mar 27, 2013 10:09am
Quoting ZacharyRC
To miss any trades today means you:

1. Ignored PA
2. Went directly against the trend on EVERY HTF {ex. Monthly}
I was bullish all the way, my bias made me blind I guess... It happens...
  • #779,035
  • Mar 27, 2013 10:09am Mar 27, 2013 10:09am
Quoting vlady1974
Thanks my friend... yes, i've been having extra-curicular activities. so not been trading for a month and a bit. I can feel it - a bit rusty. Dropped -20 on EJ today... then it went back my way. Grr. Oh well. It's like I'm seeing everything go really slowly. LOL.

Everything is all good though.
Got a L on EU @ 1.2767 but I think she'd drying up for Easter.
a month? phew, good to know things are good we're on the same boat here, risking 35 from 2755.
the thread's been great, jokes are all around, btw
  • #779,036
  • Mar 27, 2013 10:11am Mar 27, 2013 10:11am
Quoting forex4india1
to be frank that much money cannot be made on contrarian trades. if 120.52 is crossed 120.71 will be taken out as well in due course but it will come back and test 119.93 again. that is not out of the picture
Watching the PA mate, I may close earlier than my target... I think your levels have been pretty accurate... Congrats...!
  • #779,037
  • Mar 27, 2013 10:12am Mar 27, 2013 10:12am
God exporting data from MT4 is a pain...spending some time modifying my "trade plan" Excel sheet. Seems like I missed quite a bit today
  • #779,038
  • Mar 27, 2013 10:13am Mar 27, 2013 10:13am
Hi Ken,

Really appreciate this.

What are you plugging in the cells? Recent tops/bottoms that are sync'd across all three?


Quoting Ken A
I don't go that far just watching 3 charts E/U, U/J and E/J for possible next target. Yen Crosses are different from main cross such as E/U is very predictable and S/R are respected most of the time and less noise as E/J.

Try this Attachment
A pip is only worth it if you know how much you risked to earn it
  • #779,039
  • Mar 27, 2013 10:13am Mar 27, 2013 10:13am
Quoting ec_creep
a month? phew, good to know things are good we're on the same boat here, risking 35 from 2755.
the thread's been great, jokes are all around, btw
The H4 on EJ convinced me it's up. L @ 120.452 target nice and open.
A pip is only worth it if you know how much you risked to earn it
  • #779,040
  • Mar 27, 2013 10:15am Mar 27, 2013 10:15am
this is my first post on ff,although i been lurking for years. i look forward to learning from experienced traders here.
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