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EUR/JPY

  • #1,501
  • Edited 5:42am Mar 31, 2014 5:30am | Edited 5:42am
Now SHORT from 142.36. Trend Collapse. Support Becomes Resistance. Targeting 139.00, 136.00, 133.00 @ 1.27 extension on Daily

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Attached Image (click to enlarge)
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  • #1,502
  • Mar 31, 2014 8:05am Mar 31, 2014 8:05am
Quoting MrBurns
Now SHORT from 142.36. Trend Collapse. Support Becomes Resistance. Targeting 139.00, 136.00, 133.00 @ 1.27 extension on Daily {image} {image}
Good entry, Mr Burns.
It didn't hit my limit order 142.65. Went in at 142.5 instead. Now it's just waiting for it to hit 140.7 and later 140 and beyond. SL at BE.
  • #1,503
  • Mar 31, 2014 8:10am Mar 31, 2014 8:10am
Quoting CadenC
{quote} Good entry, Mr Burns. It didn't hit my limit order 142.65. Went in at 142.5 instead. Now it's just waiting for it to hit 140.7 and later 140 and beyond. SL at BE.
Thank you sir! I find holding positions very frustrating as i am very impatient. However this is a lovely setup. I think n entry anywhere above 141.90 is a safe bet and not chasing, as this is previous support which wont hold.

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  • #1,504
  • Mar 31, 2014 9:26am Mar 31, 2014 9:26am
Quoting MrBurns
{quote} Thank you sir! I find holding positions very frustrating as i am very impatient. However this is a lovely setup. I think n entry anywhere above 141.90 is a safe bet and not chasing, as this is previous support which wont hold. {image}



I always make it a habit to move my SL to BE once i'm in a comfortable positive pips zone.
let's see how many weeks it will take to hit 139 and below...
  • #1,505
  • Mar 31, 2014 11:30pm Mar 31, 2014 11:30pm
updated chart...
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Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #1,506
  • Apr 1, 2014 3:46am Apr 1, 2014 3:46am
taking heat
  • #1,507
  • Apr 1, 2014 5:02am Apr 1, 2014 5:02am
I think the resistance on the UJ EJ and GJ is strong enough and might hold. Already short expecting a bounce with my sl above today's highs.
  • #1,508
  • Apr 1, 2014 5:56am Apr 1, 2014 5:56am
Quoting MrBurns
taking heat
Mr Burns still holding on to your position?
  • #1,509
  • Apr 1, 2014 6:08am Apr 1, 2014 6:08am
Quoting CadenC
EJ on daily chart suggests a pennant size formation, set limit sell order at 142.65, SL 143, TP 140 and lower.
The chart i was referring to for reference.

Looking to short and TP 140.7.
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  • #1,510
  • Apr 1, 2014 8:11am Apr 1, 2014 8:11am
Quoting CadenC
{quote} Mr Burns still holding on to your position?
Yep. Intraday is messy for me, swing trading the longer swings is my forte .... or so i think lol
  • #1,511
  • Apr 1, 2014 8:57am Apr 1, 2014 8:57am
This is what stands out for me.... cant deny thats a strong sell off taking 3 months to retrace. PLus you tend to see monthly highs lows at the start or end of the month. April 1st Fools Day. Lets hope i aint one of them lol

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  • #1,512
  • Apr 1, 2014 9:44am Apr 1, 2014 9:44am
Quoting MrBurns
{quote} Yep. Intraday is messy for me, swing trading the longer swings is my forte .... or so i think lol


I'm more inclined to be a active winner and loser in trades and close my losing trades early so i will not miss other opportunities.

Hope ur trade will work out!
  • #1,513
  • Apr 1, 2014 10:06am Apr 1, 2014 10:06am
Here is how i see the price will go, just waitin' for it to fall a lil' then buy and take my profits . I see it going up, all the way to the resistence, then sell it hard, if it does not go over of course.

This is my first post to a forex forum, and just ya'll know i just started doing this so please be kind.
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  • #1,514
  • Apr 1, 2014 11:28am Apr 1, 2014 11:28am
Closed out for 60 pip loss :/
  • #1,515
  • Apr 1, 2014 12:19pm Apr 1, 2014 12:19pm
Quoting MrBurns
Closed out for 60 pip loss :/
also closed out.....didnt get the rejection that i wanted to see.....
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #1,516
  • Apr 1, 2014 1:43pm Apr 1, 2014 1:43pm
If you guys closed shorts, lets open long.
Stop going for the easy buck
  • #1,517
  • Apr 1, 2014 3:53pm Apr 1, 2014 3:53pm
no counting what happened during XMAS through New Years, that part is an anomaly. 143.50 area has show to sent price crashing back down. So going set a limit at 143.40 and short for 300 pips from there. May take a few weeks, but let see if she holds true. With a 50 pip SL
Trade Like a Robot make money Like a Bank
  • #1,518
  • Apr 1, 2014 4:39pm Apr 1, 2014 4:39pm
Quoting raz
no counting what happened during XMAS through New Years, that part is an anomaly. 143.50 area has show to sent price crashing back down. So going set a limit at 143.40 and short for 300 pips from there. May take a few weeks, but let see if she holds true. With a 50 pip SL
What about USD appreciation risk come May? Both JPY and USD have potential for recoveries. EEEEEP This is EUR/JPY sorry. Misplaced my brain before posting. xD
The coincidental success is more dangerous than the expected failure
  • #1,519
  • Apr 1, 2014 6:38pm Apr 1, 2014 6:38pm
daily R1 just hit. Now we may look for some pull back from here targeting daily R2 at 143.7. Again, trade with the trend!
  • #1,520
  • Edited 1:12am Apr 3, 2014 12:58am | Edited 1:12am
Channel line resistance not broken yet, Watch out!
I'm still holding short 142.37
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Also USDJPY almost finish a messy correction, lots of energy coiled up.
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