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JPY Cross Pairs

  • #661
  • Apr 23, 2013 8:42pm Apr 23, 2013 8:42pm
I'm out of my longs and now short E/Y. Had no boogie.
FF journal: Peaks and Troffs
  • #662
  • Apr 23, 2013 8:45pm Apr 23, 2013 8:45pm
Quoting ForexWhale
{quote} what can I say man....this pair defies logic. someone keeps on buying it. cant even let it do a proper correction.
I guess. Like walking a mile in a serpentine pattern


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When the facts change I change my mind, what do you do sir
  • #663
  • Apr 23, 2013 10:50pm Apr 23, 2013 10:50pm
Quoting ForexWhale
{quote} what can I say man....this pair defies logic. someone keeps on buying it. cant even let it do a proper correction.
Why should there even be a correction?
  • #664
  • May 9, 2013 3:44am May 9, 2013 3:44am
Yesterday, i went long on GJ, EJ and UJ let see this time.
  • #665
  • May 9, 2013 4:12pm May 9, 2013 4:12pm
I exited my positions and banked 1R. I really have no good reasons for exiting except fear after the strike of losses I had on these pairs recently. I am happy to recover my losses. I will look to re-enter on pullbaks on the 4h but only on GJ or UJ as I see Euro and Aud are not doing well.
  • #666
  • May 9, 2013 4:31pm May 9, 2013 4:31pm
Hey guys. Also had EUR/JPY today. Was the saver to cover of my losses I had this week. Closed 60% of my long, the other left running. I do think that after a pullback we'll be continuing the move north. Chart with some thoughts: https://www.facebook.com/photo.php?f...type=1&theater

Having a rest tomorrow. Good luck ending the week!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #667
  • May 10, 2013 1:47am May 10, 2013 1:47am
While looking to join on a retrace I saw the upper boundary of a channel. I also see that the last 3 bear swings were weak (each retrace is weaker than the previous) but bull is not catching up momentum (except for the brake of yesterday). I wounder then if we will see a consolidation or a brakeout?! I am thinking not to join the bull today, will wait till the weekend and see. Any opinion?
Attached Image (click to enlarge)
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  • #668
  • May 10, 2013 5:11am May 10, 2013 5:11am
couldnīt keep my hand off the computer. i sold on the close of the last 4H bull-range candle which hit the channel resistance. I am keeping a tight trailing stop.
  • #669
  • May 10, 2013 5:54am May 10, 2013 5:54am
Quoting Mr.C
Hey guys. Also had EUR/JPY today. Was the saver to cover of my losses I had this week. Closed 60% of my long, the other left running. I do think that after a pullback we'll be continuing the move north. Chart with some thoughts: https://www.facebook.com/photo.php?f...type=1&theater Having a rest tomorrow. Good luck ending the week!
Good day. TP for the rest of my EJ long from 129,890 set @ 132,920.

Good luck and green pips to all traders!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #670
  • May 10, 2013 6:09am May 10, 2013 6:09am
Sl hit, that what I deserve for not holding my hand.
  • #671
  • May 14, 2013 12:57am May 14, 2013 12:57am
GJ: Is it a rising wedge at channel resistance? I sold two positions.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 99 KB
  • #672
  • May 15, 2013 8:58am May 15, 2013 8:58am
Quoting Mr.C
Hey guys. Also had EUR/JPY today. Was the saver to cover of my losses I had this week. Closed 60% of my long, the other left running. I do think that after a pullback we'll be continuing the move north. Chart with some thoughts: https://www.facebook.com/photo.php?f...type=1&theater Having a rest tomorrow. Good luck ending the week!
EUR/JPY: things not looking very promising. The rest of the position (40%) closed for 150 pips. Profit: 2%. Overall position profit 5%.
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #673
  • May 15, 2013 11:09am May 15, 2013 11:09am
i'm sell usd/jpy 102.00
stop 102.50
target 99.50
  • #674
  • May 16, 2013 2:54am May 16, 2013 2:54am
In addition to GJ, I also sold AJ on brake of daily trend support.
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  • #675
  • May 16, 2013 3:59am May 16, 2013 3:59am
Quoting rehab
GJ: Is it a rising wedge at channel resistance? I sold two positions. {image}
Just my two cents worth. GJ rising wedge or not?? It's very easy to see it as a terminal rising wedge, but at the moment it appears to be stuck in a continuation triangle. If so, it may end up being in a simple rising channel with a probable top for this move at top channel resistance around 160. Regardless as to whether this works out or not, an initial drop below 154.78 from the level would be needed to confirm the wedge idea.

It's a tough one right now. it's also very boring!
  • #676
  • May 16, 2013 4:06am May 16, 2013 4:06am
Quoting Mpt
{quote} Just my two cents worth. GJ rising wedge or not?? It's very easy to see it as a terminal rising wedge, but at the moment it appears to be stuck in a continuation triangle. If so, it may end up being in a simple rising channel with a probable top for this move at top channel resistance around 160. Regardless as to whether this works out or not, an initial drop below 154.78 from the level would be needed to confirm the wedge idea. It's a tough one right now. it's also very boring!
Thanks a lot for taking the time to comment and explain. I also read that patterns are only traded after breakdown, so you are absolutely right. I didnīt know that when I opened my trade selling GJ. Anyway, I will leave it on till SL or TP are hit. Thanks
  • #677
  • May 17, 2013 1:53am May 17, 2013 1:53am
It seems that the wedge idea failed. I took the loss but was offset by the profit I made on selling AJ. Now joined the rise again. Thanks again MPT.
  • #678
  • May 17, 2013 2:10am May 17, 2013 2:10am
Quoting rehab
It seems that the wedge idea failed. I took the loss but was offset by the profit I made on selling AJ. Now joined the rise again. Thanks again MPT.
There would appear to be very strong resistance sitting at around 156.5 or so, so I have no idea as to whether it may trade for many hours /tens of hours in a sideways range 156.5 ~ 155 ... or not. Either way, it doesn't look like it wants to go down yet.
  • #679
  • May 19, 2013 7:17pm May 19, 2013 7:17pm
Any news that made the JPY pairs drop a few hours ago? Or was it just stops getting triggered??
  • #680
  • May 19, 2013 7:23pm May 19, 2013 7:23pm
Quoting fxterrapin
Any news that made the JPY pairs drop a few hours ago? Or was it just stops getting triggered??
http://www.forexfactory.com/news.php?do=news&id=428269
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