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  • #8,721
  • Sep 11, 2013 3:55am Sep 11, 2013 3:55am
Quoting Fx-gtg
i managed to get one short at 15852 and other at 15835. had one eurjpy from 133.21 closed at 132.79 I am very close to my daily profit target. will set alarm on pa. by ny open i ll be all done
well done
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #8,722
  • Sep 11, 2013 3:55am Sep 11, 2013 3:55am
Quoting netera
{quote} Even a short retrace to mid 157 is not probably ?
I am not talking about scalping for 50-100 pips. I am talking about the overall picture here
To live a successful life, we must lose our fear of being wrong
  • #8,723
  • Sep 11, 2013 4:06am Sep 11, 2013 4:06am
158.15 is gonna be a tough nut to crack. we got the 61.8 retracement level plus the previous high...
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #8,724
  • Sep 11, 2013 4:07am Sep 11, 2013 4:07am
just scalped 26 pippers...im happy with that.
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #8,725
  • Sep 11, 2013 4:10am Sep 11, 2013 4:10am
Quoting EatPIPs
{quote} I am not talking about scalping for 50-100 pips. I am talking about the overall picture here
I see , You are always helpful , Want to ask something

When i was back in this forum to i think 10/05/2013 when price first reached 157.7 none was expecting it to retrace , Geppy , KillerWhale , Scrat , All was waiting for 163 , so what stopped it at 157.7 and could this happen again here at any point ?
  • #8,726
  • Sep 11, 2013 4:10am Sep 11, 2013 4:10am
I reached my profit level today sevenfold today. I might take it easy the rest of the day. Hate to give any back. I will put a order in for high of day if it ever reaches it. but im done... gl all...
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #8,727
  • Sep 11, 2013 4:14am Sep 11, 2013 4:14am
Quoting fxrustyspoon
I reached my profit level today sevenfold today. I might take it easy the rest of the day. Hate to give any back. I will put a order in for high of day if it ever reaches it. but im done... gl all...
I closed the short opened at this high , But still deeply underwater
  • #8,728
  • Sep 11, 2013 4:28am Sep 11, 2013 4:28am
Quoting fxrustyspoon
I reached my profit level today sevenfold today. I might take it easy the rest of the day. Hate to give any back. I will put a order in for high of day if it ever reaches it. but im done... gl all...
same here. just reached goal. solely on jpy trades gbp/jpy and eur/jpy
  • #8,729
  • Sep 11, 2013 9:34am Sep 11, 2013 9:34am
Is it losing momentum? certainly the technical indicators are starting to go the other way... at this point I would not open any positions, even for short scalping
  • #8,730
  • Sep 11, 2013 4:36pm Sep 11, 2013 4:36pm
Did you guys buy that 4:30 spike after hours in New York?....It worked last time....mini spike, anyways
  • #8,731
  • Sep 11, 2013 4:51pm Sep 11, 2013 4:51pm
Quoting counterpoint
Is it losing momentum? certainly the technical indicators are starting to go the other way... at this point I would not open any positions, even for short scalping

As EatPIPS was saying, don't let it fool you.

Just because your indicators say "down" that may only be partially true. Today, I would not be overly surprised to see a move back to 157.4 ish but overall this thing will probably now head into the mid 159/low 160 area, before a possible pullback to maybe 156 or even the 155.5 area in a few days - before moving back up into the 160's.

Yes, there's divergence on lower timeframes but that does not prevent another move up - part of that divergence is solely due to the recent sideways movement.
  • #8,732
  • Sep 11, 2013 4:51pm Sep 11, 2013 4:51pm
Quoting Gbp/jpy
Did you guys buy that 4:30 spike after hours in New York?....It worked last time....mini spike, anyways

personally, im still holding it and a big position...the pound is acting very strong on the UK recovery....the price action at this point indicates its going alot higher....
  • #8,733
  • Sep 11, 2013 4:55pm Sep 11, 2013 4:55pm
Quoting Mpt
{quote} As EatPIPS was saying, don't let it fool you. Just because your indicators say "down" that may only be partially true. Today, I would not be overly surprised to see a move back to 157.4 ish but overall this thing will probably now head into the mid 159/low 160 area, before a possible pullback to maybe 156 or even the 155.5 area in a few days - before moving back up into the 160's. Yes, there's divergence on lower timeframes but that does not prevent another move up - part of that divergence is solely due to the recent sideways movement....

on a longer term basis its going alot higher than 160 my friend as long as the fundamentals support the technicals
  • #8,734
  • Sep 11, 2013 5:09pm Sep 11, 2013 5:09pm
Today (Thursday), it needs a clean close above 158.6 to continue north to 160ish (where I expect a stronger pullback to 156-156.4).

Saying that it needs to clear the 158.3-158.6 zone.

The blue zones on my chart are the hotspots to clear. If we clear 159 then it is more than likely we see 160. And then wait to see what happens there.

10am GMT may cause another glitch. Apart from that it is purely on the PA.
Attached Image (click to enlarge)
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To live a successful life, we must lose our fear of being wrong
  • #8,735
  • Sep 11, 2013 5:47pm Sep 11, 2013 5:47pm
Quoting ninner
{quote} on a longer term basis its going alot higher than 160 my friend as long as the fundamentals support the technicals
With the term "160's " I refer to any area over 160 and below 170 - just a figure of speech
  • #8,736
  • Sep 11, 2013 6:35pm Sep 11, 2013 6:35pm
Quoting EatPIPs
Today (Thursday), it needs a clean close above 158.6 to continue north to 160ish (where I expect a stronger pullback to 156-156.4). Saying that it needs to clear the 158.3-158.6 zone. The blue zones on my chart are the hotspots to clear. If we clear 159 then it is more than likely we see 160. And then wait to see what happens there. 10am GMT may cause another glitch. Apart from that it is purely on the PA. {image}
It broke out at 157.7 two days ago and the moves yesterday to 157.5 retested that daily resistance/now apparently turned support. Today that support sits around 157.3/4 and maybe as low as 156.9/157. Only a move now below about 156.5 probably negates the uptrend.

But it may not even go there and just run sideways for a while longer.
  • #8,737
  • Sep 11, 2013 8:31pm Sep 11, 2013 8:31pm

Since GBP/JPY broke its strong resistance at 156.75 a move towards the other strong resistance at 163.00 is now to be expected. The technical configuration remains positive as long as the support at 156.25 (10/09/2013 low) holds. Another supports stands at 155.50 (09/09/2013 high). Safe trading!

  • #8,738
  • Sep 11, 2013 8:33pm Sep 11, 2013 8:33pm
Quoting Mpt
{quote} With the term "160's " I refer to any area over 160 and below 170 - just a figure of speech

sorry about that my friend....i have a longer term target potentially btw 169 to 170 based on fib expansion...we will see if it gets there....however, i like to take one thing at a time....first like i said i would not be shocked if a pullback is in order first sign support will be the 156.70 to 156.50 area im thinking.....
  • #8,739
  • Sep 11, 2013 10:26pm Sep 11, 2013 10:26pm
Quoting ninner
{quote} sorry about that my friend....i have a longer term target potentially btw 169 to 170 based on fib expansion...we will see if it gets there....however, i like to take one thing at a time....first like i said i would not be shocked if a pullback is in order first sign support will be the 156.70 to 156.50 area im thinking.....
I know what you mean 156.70 MA 100 in H1.it would be if any break at level 157.2 but I prefer to hold my short according to daily 156.3 (small MA).
  • #8,740
  • Sep 12, 2013 4:29pm Sep 12, 2013 4:29pm
I personally think it'll make another test of 158 before the weekend.
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