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EUR/JPY

  • #1,241
  • Mar 5, 2014 10:56am Mar 5, 2014 10:56am
Quoting skyhok
{quote} The market is always right and you are still winning.
eh, not as much as id like to be....
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #1,242
  • Mar 5, 2014 11:13am Mar 5, 2014 11:13am
Quoting phillysimba
{quote} I'm waiting on a one hour trendline to be broken before entering long. Just wondering where your profit target is?
for now i dont really have a profit target set in stone, was thinking 142 for now....i keep flip flopping like a fish, im short again.....divergence making its way to higher time frames, how much higher can we go before a retrace? Im still bullish on this pair, but this divergence wants me short......

sorry about this goldfish mentality guys, i have more to learn.
Attached Image (click to enlarge)
Click to Enlarge Name: 03-05-2014 divergence progressing to higher TF.png Size: 222 KB
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #1,243
  • Mar 5, 2014 11:18am Mar 5, 2014 11:18am
Quoting saoldric
{quote} for now i dont really have a profit target set in stone, was thinking 142 for now....i keep flip flopping like a fish, im short again.....divergence making its way to higher time frames, how much higher can we go before a retrace? Im still bullish on this pair, but this divergence wants me short...... sorry about this goldfish mentality guys, i have more to learn. {image}
the 1H divergence looks quite promising....if the red stays below the green.
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #1,244
  • Mar 5, 2014 11:35am Mar 5, 2014 11:35am
Quoting saoldric
{quote} for now i dont really have a profit target set in stone, was thinking 142 for now....i keep flip flopping like a fish, im short again.....divergence making its way to higher time frames, how much higher can we go before a retrace? Im still bullish on this pair, but this divergence wants me short...... sorry about this goldfish mentality guys, i have more to learn. {image}
the issue with trading divergences is, if you try to trade the wrong swing for example. the move from nov 8 to the start of this year. There were divergences on the lower time frames however, on this trade the only divergence that mattered was the daily. thats the big issue with trading divergences, trying to find the correct time frame to trade them, because sometimes the trend is so strong that the lower TF divergences have no weight.

how do we fix this? i dont really have any sure fire way to yet, but when divergences keep working their way upto higher TF's it gives you a great indication that it is going to go down, but how much longer is it going to keep going up? Till it stops moving to higher TF's, when it does however you have a target of the first wave of the first divergence......but that doesnt give you an entry signal, anyone have a suggestion?
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #1,245
  • Mar 5, 2014 9:48pm Mar 5, 2014 9:48pm
nearing that 141.00 area again. Rejects off of it again. Maybe a good short from here. I mean rejects strongly every time she gets near the 141.00 area, even if she went 20 pips or so above
Trade Like a Robot make money Like a Bank
  • #1,246
  • Mar 6, 2014 12:04am Mar 6, 2014 12:04am
took a short at 140.97. looking to close at 140.68.... this is just out of a blue trade to see if that 141.00 rejects hard again.
Trade Like a Robot make money Like a Bank
  • #1,247
  • Mar 6, 2014 12:24am Mar 6, 2014 12:24am
Gidday EUR/YEN

Went short 141 to 140

Got a long at 140.8 to 141 to 141.7

small trades


thinking US/JPY will take dive back down to 101 etc

Will drag EUR/YEN down also
  • #1,248
  • Mar 6, 2014 12:27am Mar 6, 2014 12:27am
retrace projection, its either going to happen now or near the top of the channel

Scenario 1 and scenario 2
Attached Image (click to enlarge)
Click to Enlarge Name: 03-05-2014 s1 and s2, retrace when....png Size: 228 KB
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #1,249
  • Mar 6, 2014 12:28am Mar 6, 2014 12:28am
Quoting eliteincome
Gidday EUR/YEN Went short 141 to 140 Got a long at 140.8 to 141 to 141.7 small trades thinking US/JPY will take dive back down to 101 etc Will drag EUR/YEN down also

E/J has yet to stay above the 141.00 to 141.15 area since 1/28/14
Trade Like a Robot make money Like a Bank
  • #1,250
  • Mar 6, 2014 1:19am Mar 6, 2014 1:19am
originally posted 46 hours ago, here
Euro Yen

aka: My favorite girl

Day Trading

H4
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Yen H4 03.04.13.png Size: 48 KB


note: timing pivots shown are for H4, however, there is also a Daily pivot today (pointing up); the ultimate swing targets are much higher...
note 2: I am not a day trader, nor do i recommend day trading, unless you have several years of experience...

Update Chart
H4
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Yen H4 03.06.14.png Size: 37 KB


updated notes:
Daily buy signal is confirmed, right on schedule with the daily time pivot, swing targets are much higher
90% of people, are wrong about 90% of everything, 90% of the time...
  • #1,251
  • Mar 6, 2014 3:31am Mar 6, 2014 3:31am
Not opening any long until price will be above .316 (≈ )

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_ukdaily.png Size: 39 KB
  • #1,252
  • Mar 6, 2014 3:50am Mar 6, 2014 3:50am
ill wait to 141.2 area before make decision to jump on market..
the true currencies here is patience and react precisely
  • #1,253
  • Mar 6, 2014 6:07am Mar 6, 2014 6:07am
target reached.. now start for short order.. target 140.8
the true currencies here is patience and react precisely
  • #1,254
  • Mar 6, 2014 7:51am Mar 6, 2014 7:51am
Quoting theDHT
originally posted 46 hours ago, here Euro Yen aka: My favorite girl Day Trading H4 {image} note: timing pivots shown are for H4, however, there is also a Daily pivot today (pointing up); the ultimate swing targets are much higher... note 2: I am not a day trader, nor do i recommend day trading, unless you have several years of experience... Update Chart H4 {image} updated notes: Daily buy signal is confirmed, right on schedule with the daily time pivot, swing targets are...
Euro Yen

Ka-Boom (aka target acquired)

H4
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Yen H4 2 03.06.14.png Size: 43 KB
90% of people, are wrong about 90% of everything, 90% of the time...
  • #1,255
  • Mar 6, 2014 7:57am Mar 6, 2014 7:57am
congrats... i was on the wrong side... lol
the true currencies here is patience and react precisely
  • #1,256
  • Mar 6, 2014 7:59am Mar 6, 2014 7:59am
Quoting theDHT
{quote} Euro Yen Ka-Boom (aka target acquired) H4 {image}
looks like a proper short squeeze. at some point I expect they will say something about negative deposit rates
  • #1,257
  • Mar 6, 2014 8:02am Mar 6, 2014 8:02am
Quoting Greener
{quote} looks like a proper short squeeze

its not a short squeeze...

take a look here
90% of people, are wrong about 90% of everything, 90% of the time...
  • #1,258
  • Mar 6, 2014 8:06am Mar 6, 2014 8:06am
LOOKS LIKE A BULL LITERALLY....

Attached Image (click to enlarge)
Click to Enlarge Name: 3-6-2014 8-04-02 AM.png Size: 58 KB


Perfect look at CHFJPY too...
Attached Image (click to enlarge)
Click to Enlarge Name: 3-6-2014 8-08-07 AM.png Size: 49 KB
Management of drawdown is true skill to trading.
  • #1,259
  • Mar 6, 2014 8:27am Mar 6, 2014 8:27am
Quoting Affirmed
LOOKS LIKE A BULL LITERALLY.... {image} Perfect look at CHFJPY too... {image}
looks like you're right. However, I still expect some surprise on the downside. The number of shorties prior to the release of US data was overwhelming and Japan has been doing ok for a while now....chart now is bullish but I will wait for the first bearish signal to jump in. EU was also discussing a rate cut today. US will buy a few dollars in a few mins.
  • #1,260
  • Mar 6, 2014 9:04am Mar 6, 2014 9:04am
For historical purposes, here is how the week began.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-6-2014 8-57-17 AM.png Size: 95 KB
Management of drawdown is true skill to trading.
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