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  • #50,961
  • Nov 20, 2014 9:35am Nov 20, 2014 9:35am
Big Pinbar forming on the Daily Chart.
  • #50,962
  • Nov 20, 2014 9:45am Nov 20, 2014 9:45am
Quoting slk
Big Pinbar forming on the Daily Chart.
plenty of hours left. EJ has the same pinbar for now and is fighting with the open

I haven't checked the other yen pairs, but does anybody have a JPY index chart?
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  • #50,963
  • Nov 20, 2014 9:45am Nov 20, 2014 9:45am
Surprise.. i missed the freakin pullback I was looking for and not only that, have my freakin longs in red and had them 3 pips from my stop... Actually had 118.90 as a level but was thinking that it would not respect it this close to 120. Anyway, this looks like it's done with the pullback (and i didn't get any of it) and i will leave my longs running now and add if i find some safe place, BUT it needs to take off pretty soon or i will just cut my losses (entry at 118.30)

EDIT just closed my longs, this can move down to 117.63 and even 117.21 before any more north.
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  • #50,964
  • Nov 20, 2014 9:53am Nov 20, 2014 9:53am
11/20/2014 RIP $ ¥
  • #50,965
  • Nov 20, 2014 9:55am Nov 20, 2014 9:55am
Quoting fxtradeabi
11/20/2014 RIP $ ¥
hahah guess you cant wait to break even on your shorts huh??...
  • #50,966
  • Nov 20, 2014 9:55am Nov 20, 2014 9:55am
Quoting NoCoolNick
Surprise.. i missed the freakin pullback I was looking for and not only that, have my freakin longs in red and had them 3 pips from my stop... Actually had 118.90 as a level but was thinking that it would not respect it this close to 120. Anyway, this looks like it's done with the pullback (and i didn't get any of it) and i will leave my longs running now and add if i find some safe place, BUT it needs to take off pretty soon or i will just cut my losses (entry at 118.30) EDIT just closed my longs, this can move down to 117.63 and even 117.21 before...
maybe even lower based on this daily formation. I am looking at eurjpy for some days now, the daily setup could mean a move back down to 142/143 with 145 as first step.

It doesn't mean it will reverse, but it will be a small retracement from this 1500 pips rise
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  • #50,967
  • Nov 20, 2014 9:55am Nov 20, 2014 9:55am
Quoting poseikwame
{quote} hahah guess you cant wait to break even on your shorts huh??...
heh na I'm just sitting on the sidelines now. Just rubbing it in for those that thought going short was abnormal and that everyone should be long.
  • #50,968
  • Nov 20, 2014 10:11am Nov 20, 2014 10:11am
Quoting fxtradeabi
{quote} heh na I'm just sitting on the sidelines now. Just rubbing it in for those that thought going short was abnormal and that everyone should be long.

but not funny seeing others in red anyway!! wish who ever green profits and we roll!!
  • #50,969
  • Nov 20, 2014 10:16am Nov 20, 2014 10:16am
Quoting nessus94
{quote} maybe even lower based on this daily formation. I am looking at eurjpy for some days now, the daily setup could mean a move back down to 142/143 with 145 as first step. It doesn't mean it will reverse, but it will be a small retracement from this 1500 pips rise
I'm all with you. I feel there is levels far below that need some attention. But this 120 level is also just too close now that i feel they need to touch it as it's a major TP for many banks.

TA wise.. There is a nasty daily candle in the works that is everything else than bullish, but we are many hours away from the close. We have had a much stronger rise than after the actual boj statements weeks ago, if we add to the mix that actually nothing new have come out of major importance, indicating big boys are pushing it towards 120. 72 hours of almost non stop rising hourly bars make me think foul play.

We also have a channel we have formed for the last two weeks, and i have the floor at 116.60 right now and rising.

I will refire longs if we get back above 118.30 before lower. Down.. I don't know yet, will wait. looking at 15m chart for clues..
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  • #50,970
  • Nov 20, 2014 10:31am Nov 20, 2014 10:31am
Will it reverse to downside trend, nearer to the election dates?
  • #50,971
  • Nov 20, 2014 10:35am Nov 20, 2014 10:35am
Quoting NoCoolNick
{quote} I'm all with you. I feel there is levels far below that need some attention. But this 120 level is also just too close now that i feel they need to touch it as it's a major TP for many banks. TA wise.. There is a nasty daily candle in the works that is everything else than bullish, but we are many hours away from the close. We have had a much stronger rise than after the actual boj statements weeks ago, if we add to the mix that actually nothing new have come out of major importance, indicating big boys are pushing it towards 120. 72 hours...
well 120 is spot on and i think it will go higher and a little down before a major push but sometimes this baby never comes down.. it just keeps riding higher!!
  • #50,972
  • Nov 20, 2014 10:36am Nov 20, 2014 10:36am
Cant wait for my numbers to turn green ! still long XD SL is 117.50 But doesnt seem to get to SL and move up slowly for now
  • #50,973
  • Nov 20, 2014 10:38am Nov 20, 2014 10:38am
Well, back in longs as i think it's about to pop, looking at the 15m chart...
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  • #50,974
  • Edited 11:01am Nov 20, 2014 10:51am | Edited 11:01am
Quoting poseikwame
{quote} well 120 is spot on and i think it will go higher and a little down before a major push but sometimes this baby never comes down.. it just keeps riding higher!!
Don't ever underestimate the power of a level and banks TP. It can be brutal to the pip. The major levels I have had was 110.00 (yes to the pip) adn we got 110.08 ish and resulted in 500 pip retrace. Next level was 117.03 ish and the last level i wanted a reaction from, as you all know we banged that level for days.. but got only 155 pips retrace from that, but it was also just a mid target. The next is 120.17 ish and that is major fibwise, and also a round number and a major TP. At most you will get 10 pips extra on that and a retrace could and should give min 600 pips and my exact target is actually 112.37 and that just happens to be a couple of pips below the unfilled GAP.. funny right?. After that i have 130.33.. yes.. and that is my final target.

So if 120 is valid it will be that and no further upside.. and most likely it will help EURUSD to finally break up as it is just waiting for it..

EDIT: Checked the chart again and the ultimate target is actually 146.76, but that is far ahead and would need some really bad fundamentals IMO.
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  • #50,975
  • Nov 20, 2014 10:55am Nov 20, 2014 10:55am
Quoting poseikwame
{quote} well 120 is spot on and i think it will go higher and a little down before a major push but sometimes this baby never comes down.. it just keeps riding higher!!
is 120 your tp? I've seen/heard that level being thrown around by a few.
  • #50,976
  • Nov 20, 2014 10:56am Nov 20, 2014 10:56am
Quoting NoCoolNick
{quote} Don't ever underestimate the power of a level and banks TP. It can be brutal to the pip. The major levels I have had was 110.00 (yes to the pip) adn we got 110.08 ish and resulted in 500 pip retrace. Next level was 117.03 ish and the last level i wanted a reaction from, as you all know we banged that level for days.. but got only 155 pips retrace from that, but it was also just a mid target. The next is 120.17 ish and that is major fibwise, and also a round number and a major TP. At most you will get 10 pips extra on that and a retrace could...
shorting now 118.20
  • #50,977
  • Nov 20, 2014 10:58am Nov 20, 2014 10:58am
Comparing GBP/USD to USD/JPY, it seems that if the former can push lower past this particular point, then USD/JPY can push higher
  • #50,978
  • Nov 20, 2014 11:02am Nov 20, 2014 11:02am
Quoting NoCoolNick
{quote} Don't ever underestimate the power of a level and banks TP. It can be brutal to the pip. The major levels I have had was 110.00 (yes to the pip) adn we got 110.08 ish and resulted in 500 pip retrace. Next level was 117.03 ish and the last level i wanted a reaction from, as you all know we banged that level for days.. but got only 155 pips retrace from that, but it was also just a mid target. The next is 120.17 ish and that is major fibwise, and also a round number and a major TP. At most you will get 10 pips extra on that and a retrace could...
spot on... but upsode could extend to 122 but a few retraces in between but i doubt anything major... darghi is messed EURO!! Even UK, Netherlands and a few countries are thinking about backing out of the EU!! and this isn't good news!! but a cheaper euro is good for the EU economy when it comees to their exports!!
  • #50,979
  • Nov 20, 2014 11:03am Nov 20, 2014 11:03am
Quoting Didgeridoo
{quote} is 120 your tp? I've seen/heard that level being thrown around by a few.
actually 119 to 120 then 122...
  • #50,980
  • Nov 20, 2014 11:06am Nov 20, 2014 11:06am
Quoting poseikwame
{quote} actually 119 to 120 then 122...
You have confidence it will drift higher? - if you do please share some.
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