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EUR/JPY

  • #1,781
  • May 30, 2014 5:55pm May 30, 2014 5:55pm
Enter long at 138.060, didn't set TP.
  • #1,782
  • May 30, 2014 7:17pm May 30, 2014 7:17pm
Quoting csc2009
Enter long at 138.060, didn't set TP.
Really?? That's AMAZING!! Why are you only sharing that now??

You must have an incredible system that allows for such a pinpoint entry on yesterday's low of 137.967. Today's low was only 138.074 on my feed.

So I'd also love to know what broker you use? Because in order to get that entry price, not only would you have had to nail it "perfectly" at yesterday's bottom, but you'd also need a spread of .093 or less to do it!

Incredible!!
Ghost Rider - WWTBMD?
  • #1,783
  • May 30, 2014 7:44pm May 30, 2014 7:44pm
Quoting albchr
{quote} Really?? That's AMAZING!! Why are you only sharing that now?? You must have an incredible system that allows for such a pinpoint entry on yesterday's low of 137.967. Today's low was only 138.074 on my feed. So I'd also love to know what broker you use? Because in order to get that entry price, not only would you have had to nail it "perfectly" at yesterday's bottom, but you'd also need a spread of .093 or less to do it! Incredible!!

I can see it being possible if someone just placed a limit order right above the round number (138.00).
Low of 137.969 & entry of 138.060 would be a spread of about 10 pips.

Someone else had an entry of 138.04.
  • #1,784
  • May 30, 2014 8:31pm May 30, 2014 8:31pm
Quoting srt
{quote} I can see it being possible if someone just placed a limit order right above the round number (138.00). Low of 137.969 & entry of 138.060 would be a spread of about 10 pips. Someone else had an entry of 138.04.
Yeah I know. It's a great entry! 138.04 even better. My broker spread on YEN pairs can get pretty crazy at times. Especially in low volatility. I've seen as low as 2.5 and as high as 14.7 with mine....lol
Ghost Rider - WWTBMD?
  • #1,785
  • May 31, 2014 12:21pm May 31, 2014 12:21pm
4 hr oracle IVked
Attached Image (click to enlarge)
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  • #1,786
  • Jun 1, 2014 11:17am Jun 1, 2014 11:17am
Quoting splithand
4 hr oracle IVked{image}
looks it ready to continue down.....is it any posibility to going up???
  • #1,787
  • Jun 1, 2014 2:11pm Jun 1, 2014 2:11pm
Fundamental Reports


http://c86cb244b7aa82d722df-bc886d86...ns-150x150.jpg

Outlook and Recommendation

The EUR/JPY traded in a tight range at the end of the month to close at 138.67 after target 142.41 previous to the ECB mentioned 'stimulus' in a effort to quantify and ease declining inflation and growth. Fundamentals show concerns over low inflation, softening growth outlook, constraints in credit markets, and relatively strong EUR are likely to bring ECB policy action.

Two items:
1. European low inflation and growth.
2. Dismal retail sales report in Japan; I'll take money out of your pockets anytime sales tax increase; central bank action will most likely be the controlling factor this month.

Highest: 142.41
Lowest: 137.98
Difference: 4.43
Average: 139.93
Change %: -2.12

The central bank will likely ('Bullish move') provide additional monetary stimulus (extending/increasing the asset purchase program) in the coming months if the tax hike leads to prolonged stalling of economic momentum. (Well, what is to be expected...the unexpected....you the investor, are you ready for this ride?)

The headline inflation rate will likely hover above 2.8% y/y during the next quarter before closing the year at 2.1% y/y. The BoJ estimates that the inflation rate excluding the direct effect of the tax rate hike will likely be around 1.5% y/y in the near term, failing to reach the official target of 2.0%. (estimated)

Central Bank Name – European Central Bank
Date of next meeting or last meeting: June 05, 2014
Current Rate: 0.25%

By FXEmpire
With the help of galexandr....Meaning I changed a few numbers...hehehe...
Gregory D. Alexandr
  • #1,788
  • Jun 1, 2014 2:55pm Jun 1, 2014 2:55pm
Quoting albchr
{quote} Really?? That's AMAZING!! Why are you only sharing that now?? You must have an incredible system that allows for such a pinpoint entry on yesterday's low of 137.967. Today's low was only 138.074 on my feed. So I'd also love to know what broker you use? Because in order to get that entry price, not only would you have had to nail it "perfectly" at yesterday's bottom, but you'd also need a spread of .093 or less to do it! Incredible!!

hi

just hanging around and saw your question........

It is not really impossible to take this trade......

Have a nice trading week

pipgame
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  • #1,789
  • Jun 1, 2014 3:12pm Jun 1, 2014 3:12pm
Quoting pipgame
{quote} hi just hanging around and saw your question........ It is not really impossible to take this trade...... Have a nice trading week pipgame {image}
Nope. Never said it was impossible. Or even difficult. Was just commenting on a nice entry is all.

Personally, I'm waiting for the short. Good luck this week yourself.
Ghost Rider - WWTBMD?
  • #1,790
  • Jun 1, 2014 3:18pm Jun 1, 2014 3:18pm
Quoting albchr
{quote} Nope. Never said it was impossible. Or even difficult. Was just commenting on a nice entry is all. Personally, I'm waiting for the short. Good luck this week yourself.
  • #1,791
  • Edited 6:46pm Jun 1, 2014 6:35pm | Edited 6:46pm
Love this pair. Shorted the Sunday gap for a nice scalp. Now waiting to sell...

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  • #1,792
  • Jun 1, 2014 11:37pm Jun 1, 2014 11:37pm
FXStreet (Moscow) - EUR/JPY touched the resistance area of 139.10, but failed to break higher and retreated to 139.00.

Is it strong EUR or weak JPY?

EUR/JPY is a slave of two masters this week. On one hand, it will be influenced by risk sentiments and other JPY related factors, on the other hand, ECB meeting and EZ economic reports have a good potential to shape its destiny. Early in Asia the cross staged a spectacular comeback above 139.00 level as the Japanese current weakened across the board on the back of strong Capex numbers and bullish Japanese stock market developments. On the European session don’t miss German inflation data and PMI reports as they may trigger a good deal of EUR volatility. The nearest short-term resistance is seen at 139.10, once it is cleared out, the bulls will set their eyes at 139.50. The support comes at 139.00, it is followed by the Asian low of 138.84

What are today’s key EUR/JPY levels?

Today's central pivot point can be found at 138.58, with support below at 138.26, 137.75 and 137.43, with resistance above at 139.08, 139.41, and 139.91. Hourly Moving Averages are bullish with the 200SMA at 138.74 and the daily 20EMA at 139.58. Hourly RSI is bullish at 73.

EUR/JPY touched the resistance area of 139.10, but failed to break higher and retreated to 139.00.
http://fxopen.com.au/services/ImageP...ktMWRheS5wbmc=http://fxopen.com.au/services/ImageP...1vbnRoLnBuZw==http://fxopen.com.au/services/ImageP...1vbnRocy5wbmc=http://fxopen.com.au/services/ImageP...ktMXllYXIucG5n -
Gregory D. Alexandr
  • #1,793
  • Jun 2, 2014 2:24am Jun 2, 2014 2:24am
Quoting albchr
{quote} Yeah I know. It's a great entry! 138.04 even better. My broker spread on YEN pairs can get pretty crazy at times. Especially in low volatility. I've seen as low as 2.5 and as high as 14.7 with mine....lol
I'm long from 138.042 but it's a demo...other than that I have no system. I saw an exhausted price at whole number (138) and confirmation for entry was that it went above 138.

However my TP is a bit optimistic at 139.500
  • #1,794
  • Jun 2, 2014 6:53am Jun 2, 2014 6:53am
I closed my position on Friday night and shared it here, I have no system only luck this time to enter at the bottom I guess, normally I would wait for clear sign to be sure.
  • #1,795
  • Jun 2, 2014 7:22am Jun 2, 2014 7:22am
With so much focusing on statements and actions from both central banks with the ECB meeting this week, I wonder what's the effect on eurjpy?
  • #1,796
  • Jun 2, 2014 7:30am Jun 2, 2014 7:30am
Vitez :

See my previous post on Friday.

Though it is demo, you can wait until your TP hits. 139.50.

139.65 is 38 % FIB level.

In my chart, I have no confirmation yet for trend continuation ( short ) at this moment.

Retracement in progress and not over yet.
Intraday only.
  • #1,797
  • Jun 2, 2014 9:36am Jun 2, 2014 9:36am
Hi All,

i see bull for this pair, i look in 8 may 2014 ecb no change interest rate this pair DOWN/BEAR maybe ecb buy jpy, and i look in tomorrow 5 juni 2014 maybe ecb profit taking so that this (eurjpy) UP/BULL. If true good opportunity to buy and if false good opportunity to sell. I like if true and to buy this pair (eurjpy).

salam,,,
  • #1,798
  • Jun 2, 2014 1:38pm Jun 2, 2014 1:38pm
Quoting navk
Vitez : See my previous post on Friday. Though it is demo, you can wait until your TP hits. 139.50. 139.65 is 38 % FIB level. In my chart, I have no confirmation yet for trend continuation ( short ) at this moment. Retracement in progress and not over yet.
Thanks I see it though I don't use retracements It will probably hit 140.00 where that daily supply zone is but my TP remains at 139.600 because the bears are also interested in testing 137 level.
  • #1,799
  • Jun 3, 2014 1:08am Jun 3, 2014 1:08am
Having breached ascending trend line support of 139.15, EURJPY seems vulnerable to test 139 and 138.80 shortly, breaking which it can fall towards 138.60 levels. On the upside, a sustained trading above 139.30 can only reverse the current downtrend and can fuel the pair towards 140 levels,
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  • #1,800
  • Jun 3, 2014 1:11am Jun 3, 2014 1:11am
In my humble analysis, eur/jpy targeting 139.41....but in hindsight, although I had the numbers, continuation or wave iv caught me and my post plan positions off guard and threw all my position into chaotic mess, I became friends with my losses very quickly. I did not plan well enough, often considering having a macro in place to take opposite side of the current positions....this is the second loss this year....The first was a nightmare, ha...Yes, I can only laugh. I looked to my right as I clicked the mouse to short market and I moved my head right, my hand moved the mouse left over long position radio button...WELLA!!!! I went to exercise and quickly glanced at the orders confirming my positions, what I did not see and should have....was the color blue (long) or red (short), now in fairness to myself I have to admit the software I used is 20% at fault....the window which confirms open positions uses a color code for negative balance (red) in the right column, the long position is blue in the left column. I fixed that issue immediately after I came up with a hit list, ensuring to minimize future errors.

In the world we live, recognizing data patterns translates into the attempt to understand buyer and seller psychosis (ok, psychology)....How hard can that be? How hard can it be to determine the future direction of a pair? Most of the time, my humble analysis puts me on the right path but when the market does not cooperate, this is when I understand a little more about myself, improving my methods, this has been a 20 year journey and truly, one I would not change.

The market is amass of confusion and theory, and nothing random. Thanks for reading and please share your thoughts if you would like....By the way, the people who I have subscribed have one pair in common, Eur/Jpy....communication is key to everyones success. Have a good day...and night.... : ))
Gregory D. Alexandr
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