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EUR/JPY

  • #1,621
  • Apr 29, 2014 7:28am Apr 29, 2014 7:28am
Correction since 8Apr seems complete retraced more than 61.82% of previous range. It is to be confirmed with further spike down.
Elliott Wave for optimum entry, exit and risk management of trades
  • #1,622
  • Apr 29, 2014 9:16am Apr 29, 2014 9:16am
I agree, the market bounced high enough to hit 142 handle, it will continue to go higher head to 143 level.
  • #1,623
  • Apr 29, 2014 9:17am Apr 29, 2014 9:17am
Quoting skyhok
Correction since 8Apr seems complete retraced more than 61.82% of previous range. It is to be confirmed with further spike down.

Its a bitch. Thinking about aboarding this ship.
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #1,624
  • Apr 29, 2014 9:46am Apr 29, 2014 9:46am
Do you think it's a good place to go long just here?

Which target ?

Thanks
Don't give up
  • #1,625
  • Apr 29, 2014 11:19am Apr 29, 2014 11:19am
All the buyers disappeared?
Don't give up
  • #1,626
  • Edited 11:48am Apr 29, 2014 11:30am | Edited 11:48am
great place to buy, isn't it?
Don't give up
  • #1,627
  • Apr 29, 2014 5:10pm Apr 29, 2014 5:10pm
Quoting geomink
great place to buy, isn't it?
hmmm...not so sure...
  • #1,628
  • Apr 29, 2014 5:46pm Apr 29, 2014 5:46pm
Quoting NorthShore
{quote} hmmm...not so sure...
will it make new low?
Don't give up
  • #1,629
  • Apr 29, 2014 6:20pm Apr 29, 2014 6:20pm
Quoting geomink
{quote} will it make new low?
perhaps...there is also a Monetary Policy Statement coming out sometime tonight so we may get some decent movement
  • #1,630
  • Apr 29, 2014 6:26pm Apr 29, 2014 6:26pm
Quoting NorthShore
{quote} perhaps...there is also a Monetary Policy Statement coming out sometime tonight so we may get some decent movement
with that damned "tentative".......................
Don't give up
  • #1,631
  • Apr 29, 2014 7:50pm Apr 29, 2014 7:50pm
Quoting WaylDz
{quote} that's my point of view about the EURJPY {image}
I had predicted that up and down as you can see
  • #1,632
  • Apr 29, 2014 9:31pm Apr 29, 2014 9:31pm
Quoting geomink
great place to buy, isn't it?
Quoting NorthShore
{quote} hmmm...not so sure...
Quoting geomink
{quote} will it make new low?
nice little bear move so far....

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyprom5.png Size: 37 KB
  • #1,633
  • Apr 30, 2014 12:53pm Apr 30, 2014 12:53pm
FOMC statement in 7 minutes...
  • #1,634
  • Apr 30, 2014 4:03pm Apr 30, 2014 4:03pm
There might be further declines.
  • #1,635
  • May 1, 2014 5:58am May 1, 2014 5:58am
i look jpy, little weak for next day, but i choose jpy (in my account)
  • #1,636
  • May 1, 2014 8:22am May 1, 2014 8:22am
Quoting saoldric
{quote} not really sure because i don't use Elliot wave much, but i thought there were a few things that had to be met when doing Elliot wave. Rule 1: Wave 2 cannot retrace more than 100% of Wave 1. Rule 2: Wave 3 can never be the shortest of the three impulse waves. Rule 3: Wave 4 can never overlap Wave 1. your wave 1 is damn close to being 100%, which is fine i suppose, but wave 4 looks like it has some over lap. Does Bill Williams have a different rule set than what i have in my notes? edit: im not trying to sound hostile, which is hard to do...
Bill Williams method are for the commodity markets which i found quite different with forex market in term of behavior and pattern. Waves in forex market often retrace more than other less volatile markets. After trading EW for quite sometime, especially on EJ, I found out that the wave concept still intact with some rules often been broken. Bill Williams also mentioned this in his book that some unbreakable rules (like end of wave 4 cannot low than wave 1 high) does not true sometime.
  • #1,637
  • May 1, 2014 12:28pm May 1, 2014 12:28pm
The price went back and forth from Wednesday, continue move around 141.7-141.9, has not much changed. I think the market will eventually break out to the upside.
  • #1,638
  • May 6, 2014 7:18pm May 6, 2014 7:18pm
Looking for that upward trendline to fail. Reactions from it have not been promising. Maybe 140.5 this week.

Happy pipping
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-d1-alpari-uk-ltd-temp-file-screenshot-64785-png.png Size: 73 KB
  • #1,639
  • May 7, 2014 1:05pm May 7, 2014 1:05pm
she looks a little undecided but just opened small long here at 141.50 ...
  • #1,640
  • May 7, 2014 1:35pm May 7, 2014 1:35pm
Quoting NorthShore
she looks a little undecided but just opened small long here at 141.50 ...
Good call, NorthShore, I reckon. I've been buying the dips the last three weeks. I'm eyeing 142.5 finally giving way and extension up to 149.9. 140.9 (to 142.5) and 139.3 (to 149.9) define risk for those trades. But it feels like the range has stuck in infinite loop.
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