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  • #1,241
  • Dec 18, 2014 12:53am Dec 18, 2014 12:53am
Quoting benaiah
The last 2 days (2 daily candles) on the chart I posted look like a daily reversal pattern to me. Anybody know a name for that 2 bar pattern? It's not really an engulfing (first bar wick goes to low for engulfing). However, I view it as a strong bullish signal, and whenever I've seen these patterns before on a daily chart, and on a retrace of an uptrend, they are pretty reliable, and not prone to much of a retrace. But again, this is relatively speaking, since daily chart would mean a much wider SL. Trade safely!
Just add them together and you will see a big hammer like the weekly just posted.
  • #1,242
  • Dec 18, 2014 1:00am Dec 18, 2014 1:00am
ikdenk that's a beautiful " perfect bounce when put in context of the weekly.... I have seen people talk about hammers before not entirely sure what they are but looking at the weekly I am assuming they are maybe like a pin bar ie a high test or low test where the high or low was rejected.....??
  • #1,243
  • Dec 18, 2014 1:09am Dec 18, 2014 1:09am
Quoting TessiaFx
ikdenk that's a beautiful " perfect bounce when put in context of the weekly.... I have seen people talk about hammers before not entirely sure what they are but looking at the weekly I am assuming they are maybe like a pin bar ie a high test or low test where the high or low was rejected.....??
Yea ur right dear... its called indicion pin bar or long shedow doji ......
  • #1,244
  • Dec 18, 2014 1:15am Dec 18, 2014 1:15am
Quoting Jettala
{quote} Yea ur right dear... its called indicion pin bar or long shedow doji ......
Thanks for confirming for me Jettala
  • #1,245
  • Dec 18, 2014 1:17am Dec 18, 2014 1:17am
damn.no entry now
  • #1,246
  • Dec 18, 2014 2:14am Dec 18, 2014 2:14am
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpythursdaymorningNOW.jpg Size: 166 KB


nice R at 119, maybe US session can push us through with a nice claims number

(reverse H&s pattern forming on a pullback to retest 117?) :nerd:

GO bulls
  • #1,247
  • Dec 18, 2014 2:38am Dec 18, 2014 2:38am
Quoting Liam0530
{image} nice R at 119, maybe US session can push us through with a nice claims number (reverse H&s pattern forming on a pullback to retest 117?) :nerd: GO bulls
I think yes it is, 118.4 has been broken.
seek to get Long at the bottom
  • #1,248
  • Dec 18, 2014 4:40am Dec 18, 2014 4:40am
See what the unemployment figures say.

Put a tight SL on last night and hit that. It doesn't look like bulls want to give this up. Forming nice support.

For me a waiting game.

What time is BoJ Meeting tonight?
  • #1,249
  • Dec 18, 2014 4:41am Dec 18, 2014 4:41am
Really wanting to see it down to low 117sh..
  • #1,250
  • Dec 18, 2014 5:08am Dec 18, 2014 5:08am
I see triangle 5M and 15M
huge movement next?
up? Down?
hope it is down..
  • #1,251
  • Dec 18, 2014 6:23am Dec 18, 2014 6:23am
Quoting Idkurv
I see triangle 5M and 15M huge movement next? up? Down? hope it is down..
You mean up!

This is after all a bull thread

I guess we wont see moves until BoJ statement. No doubt Koroda will look to do something dodgy again!

Currently Short on EU - that is about it.

Hows everyones trading going?
  • #1,252
  • Dec 18, 2014 6:38am Dec 18, 2014 6:38am
Quoting benaiah
The last 2 days (2 daily candles) on the chart I posted look like a daily reversal pattern to me. Anybody know a name for that 2 bar pattern? It's not really an engulfing (first bar wick goes to low for engulfing). However, I view it as a strong bullish signal, and whenever I've seen these patterns before on a daily chart, and on a retrace of an uptrend, they are pretty reliable, and not prone to much of a retrace. But again, this is relatively speaking, since daily chart would mean a much wider SL. Trade safely!
This looks like a morning star! I stayed short through the night and just closed out with a 9 pip loss. I'm long again. Charts are looking way too bullish
Good luck and may the odds be ever in your favor!
  • #1,253
  • Dec 18, 2014 6:45am Dec 18, 2014 6:45am
Quoting Sunsilk
{quote} You mean up! This is after all a bull thread I guess we wont see moves until BoJ statement. No doubt Koroda will look to do something dodgy again! Currently Short on EU - that is about it. Hows everyones trading going?
Good thanks was short EUR as well but just closed it a few mins ago watched it go down nicely this morning and then bounced back up so took profit when it dropped again was almost at my target anyway.....

In long from 118.6 it has felt a little like a bumpy ride this morning in the yen but seems to have formed support around 118.4 stop is below that target 118.95 thought I'd rather get a few pips than wait for it to break the resistance at 119...

As Dbutton said I do think the chart is looking bullish but had a great day yesterday and would rather be cautious and protect that profit while increasing it a little....
Unemployment figures should start it moving again one way or another......
  • #1,254
  • Dec 18, 2014 6:46am Dec 18, 2014 6:46am
Quoting Sunsilk
{quote} You mean up! This is after all a bull thread I guess we wont see moves until BoJ statement. No doubt Koroda will look to do something dodgy again! Currently Short on EU - that is about it. Hows everyones trading going?
Yes, I should have seen the penant at H1
I am seeking low to get long so more pips
  • #1,255
  • Dec 18, 2014 6:54am Dec 18, 2014 6:54am
Quoting Idkurv
{quote} Yes, I should have seen the penant at H1 I am seeking low to get long so more pips
Haha good answer!

I am out of UJ for now. No clear direction.

Wait until BoJ comes and makes their decision on printing. Although me and Riz were discussing this last night and there are articles on BoJ rejecting printing in Jan.

So possibly could retest lower levels before heading up. Personally this consolidation reminds me of when it dropped from 121 lol. Staying WELL away from it until it does something.

Overall looks like this will be driven by the fundamentals though.
  • #1,256
  • Dec 18, 2014 6:57am Dec 18, 2014 6:57am
Quoting TessiaFx
{quote} Good thanks was short EUR as well but just closed it a few mins ago watched it go down nicely this morning and then bounced back up so took profit when it dropped again was almost at my target anyway..... In long from 118.6 it has felt a little like a bumpy ride this morning in the yen but seems to have formed support around 118.4 stop is below that target 118.95 thought I'd rather get a few pips than wait for it to break the resistance at 119... As Dbutton said I do think the chart is looking bullish but had a great day yesterday and would...
I took profit too on EU too, good move IMO Personally I think that will jump up as Draghi seems like he is doing QE in Jan... So once again drive all those shorts out the market before dropping back down.

Now no open trades at the moment.

Best thing is we are all still here and can look forward to a good 2015!

Ah yes, unemployment figures. Good point. Forgot about that!
  • #1,257
  • Dec 18, 2014 6:58am Dec 18, 2014 6:58am
Quoting dbutton1990
{quote} This looks like a morning star! I stayed short through the night and just closed out with a 9 pip loss. I'm long again. Charts are looking way too bullish
I took a small loss on this too last night, itchy fingers! sometimes I need to have the patience to leave things alone.

I am in the middle of quantifying some bits on my journal so this forum is the only way I can rationalise.
  • #1,258
  • Dec 18, 2014 7:13am Dec 18, 2014 7:13am
Quoting Sunsilk
{quote} I took a small loss on this too last night, itchy fingers! sometimes I need to have the patience to leave things alone. I am in the middle of quantifying some bits on my journal so this forum is the only way I can rationalise.
It happens my friend! UJ looking like it will breakout bullish soon. Targets for today anyone? I have 119.50, 119.91, and then 120.00 for now. These are based off the past highs on the one hour
Good luck and may the odds be ever in your favor!
  • #1,259
  • Dec 18, 2014 7:22am Dec 18, 2014 7:22am
Quoting dbutton1990
{quote} It happens my friend! UJ looking like it will breakout bullish soon. Targets for today anyone? I have 119.50, 119.91, and then 120.00 for now. These are based off the past highs on the one hour
119.50 looks sensible if this goes up. Then again could reach 120 if everything plays out well for bulls!
  • #1,260
  • Dec 18, 2014 7:24am Dec 18, 2014 7:24am
rested on my trendline. anyone made a long entry here?
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