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EUR/JPY

  • #561
  • Sep 26, 2014 9:10pm Sep 26, 2014 9:10pm
do u have any idea how the market going to be next week?

Currently i am in a long position waiting to bounce as ej market is bearish last week..do u think it is OK?
  • #562
  • Sep 26, 2014 9:16pm Sep 26, 2014 9:16pm
Quoting king_ariff
do u have any idea how the market going to be next week? Currently i am in a long position waiting to bounce as ej market is bearish last week..do u think it is OK?
Let's see....
"Diversification is an excuse for a lack of talent" ~FXC
  • #563
  • Sep 26, 2014 9:18pm Sep 26, 2014 9:18pm
Launching fxTrade after maintenance, give me a moment I'll give you some quick analyses.
"Diversification is an excuse for a lack of talent" ~FXC
  • #564
  • Sep 26, 2014 9:21pm Sep 26, 2014 9:21pm
You're long EJ... I'm short EJ... I see a good retest but targets I see are short all the way to target 136.50~~~~~~ Then reverse limit buy at around 136.10...

One of us will win/lose. GL let's see what happens.

-Cheers
"Diversification is an excuse for a lack of talent" ~FXC
  • #565
  • Sep 26, 2014 9:27pm Sep 26, 2014 9:27pm
King another thing... what market retrace/bounce are you looking at? The way I see it based on current market dynamics it closed retesting a 50% retrace, however it might be a failure. We shall see next week, if it fails however, possibly end of this month you see it break down maybe 135.5x?

I'm short with high conviction however. I risked all I am fine with.

Any thoughts guys? Concur? Disagree?
"Diversification is an excuse for a lack of talent" ~FXC
  • #566
  • Sep 26, 2014 9:32pm Sep 26, 2014 9:32pm
Some words of wisdom, I haven't given any for years.

"If you have to question your trade, that trade is as good as lost."

~FXC
"Diversification is an excuse for a lack of talent" ~FXC
  • #567
  • Sep 26, 2014 9:42pm Sep 26, 2014 9:42pm
13 traders viewing should register.

No risk no reward.
"Diversification is an excuse for a lack of talent" ~FXC
  • #568
  • Sep 26, 2014 10:08pm Sep 26, 2014 10:08pm
i see the lines in stoch in D1 tf already touch bottom part which I hope it will bounce back by at least 50-100 pips. But it also can continue its downtrend like happened last 2 weeks due to fundamental involving Scotland poll i believe. Let us hope both of us can win.
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  • #569
  • Sep 26, 2014 10:17pm Sep 26, 2014 10:17pm
Quoting king_ariff
i see the lines in stoch in D1 tf already touch bottom part which I hope it will bounce back by at least 50-100 pips. But it also can continue its downtrend like happened last 2 weeks due to fundamental involving Scotland poll i believe. Let us hope both of us can win. {image}
Friend. Your psychology is dangerous. You know for a fact one of us can win. I accept the fact I lost if the market hands me that outcome. But thoughts of hope are dangerous. Believe me I know. Back in 2006 I blew up an account in a day based on hope. After taking hope out of the mindset, I've been profitable ever since.

"Hope is not a plan."

be careful with that thought.

Let's see how the market does though. Decent bearish momentum, however it is the end of the week. So possibly it could play into your continuation of the bounce you're looking for. Or it can stall and resume when all the big players mid week execute orders.

Let us wait and see.

As far as fundamentals go, I don't know what's going on but I doubt Scottish polls have much to do with any currency movement unless they hinted they want to join Eurozone but yea. I'm pure technical.

Your targets look tight you should target higher.
"Diversification is an excuse for a lack of talent" ~FXC
  • #570
  • Sep 26, 2014 10:23pm Sep 26, 2014 10:23pm
This is a good start for discussion. By the way, do you mind sharing your technical analysis? Really looking forward to learn more from other traders. Lets make this thread alive
  • #571
  • Sep 27, 2014 2:55am Sep 27, 2014 2:55am
I see this as resuming its downtrend on the weekly.
Although the daily is still a little indecisive.
I'm waiting for a break below the last low of 138.366 to go short.
I don't set targets just take what the market gives, but if this can ease through
some historic resistance 40 to 50 pips away I see no reason it can't give us 250 Pips or so.
I'm trading PA off weekly daily and 4 hourly bare chart so no TA to back this up.
Lets go grab some PIPS
  • #572
  • Sep 27, 2014 3:12am Sep 27, 2014 3:12am
This looks like a trade of the week , so far 138.00 was broken(to create a higher high) and now it should act as support to fuel it up and hold our higher low . even though eur is not showing its signs , we might have to wait abit for more confirmation if the 138.020 holds , i think it will be a movement upward whichcan only be confirmed after a breakout above 140.38 level . However if we do break 140.38 , i see 143 to 145 . hope this helps
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  • #573
  • Sep 27, 2014 3:20am Sep 27, 2014 3:20am
So two traders long and two short.
will be an interesting week whichever way it swings.
Lets go grab some PIPS
  • #574
  • Sep 27, 2014 3:37am Sep 27, 2014 3:37am
Quoting dallytrader
So two traders long and two short. will be an interesting week whichever way it swings.
Its not a decision yet as next week can change things , but am mostly Long if we get confirmation , just more to confirm my Long is that , if you look at stochastic we are oversold(Bullish Divergence forming) and the RSI is just BOUNCING OFF the 50 level to confirm a change in direction back to 70 , plus on the monthly candle , we seem to maybe closing bullish IN THE NEXT 3DAYS , this is just in addition to show that we might be going higher for a month or two ..


PEOPLE PLEASE SUBSCRIBE TO ME AS AM TRYING TO START A USDZAR THREAD FOR THIS COMMUNITY.
  • #575
  • Sep 27, 2014 11:20am Sep 27, 2014 11:20am
Quoting FXCapitalist
You're long EJ... I'm short EJ... I see a good retest but targets I see are short all the way to target 136.50~~~~~~ Then reverse limit buy at around 136.10... One of us will win/lose. GL let's see what happens. -Cheers
It has started to look bearish although is in the limit. Daily still looks bullish, but the price is has touched two times where the kijun daily and weekly tekan are. Two times the daily hasn't been able to close below 138,50. This close, would confirm the bearish outlook. I was long two days ago, but I was helped during Asian Time cause the BOJ'S buying.
Two days ago I was looking the bias as bullish, now I am waiting.

Now there are two threads about EUR/JPY???
  • #576
  • Sep 27, 2014 1:05pm Sep 27, 2014 1:05pm
Quoting Lavanda
{quote} It has started to look bearish although is in the limit. Daily still looks bullish, but the price is has touched two times where the kijun daily and weekly tekan are. Two times the daily hasn't been able to close below 138,50. This close, would confirm the bearish outlook. I was long two days ago, but I was helped during Asian Time cause the BOJ'S buying. Two days ago I was looking the bias as bullish, now I am waiting. Now there are two threads about EUR/JPY???
This is the original thread if I'm not mistaken. the more active is EUR/USD ofc.
"Diversification is an excuse for a lack of talent" ~FXC
  • #577
  • Sep 27, 2014 1:06pm Sep 27, 2014 1:06pm
Quoting king_ariff
This is a good start for discussion. By the way, do you mind sharing your technical analysis? Really looking forward to learn more from other traders. Lets make this thread alive
I'm more of a price action swing/trend trader. I trade dailies and weeklies for I have no patience for short time frames like I used to.
"Diversification is an excuse for a lack of talent" ~FXC
  • #578
  • Sep 28, 2014 6:37pm Sep 28, 2014 6:37pm
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Down we go in a matter of time.
"Diversification is an excuse for a lack of talent" ~FXC
  • #579
  • Sep 28, 2014 6:40pm Sep 28, 2014 6:40pm
Here's your matter of time, there is the pending flip in progress + fake out shooting star continuation. Let's see what transpires.
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"Diversification is an excuse for a lack of talent" ~FXC
  • #580
  • Sep 28, 2014 7:17pm Sep 28, 2014 7:17pm
Break down of 138.10 we can possibly see a move lower.

Here is that simple analysis.

Cheers

~FXC
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"Diversification is an excuse for a lack of talent" ~FXC
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