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Bull City Baby! Buying Opportunities

  • #1,521
  • Dec 29, 2014 7:09pm Dec 29, 2014 7:09pm
Quoting Hickson
{quote} Have not taken a look at A/J for weeks at least, both bearish as hell and not very interesting I thought.
Very predictable and therefore highly lucrative,,, just trade the direction, bull or bear as needed. I even gave the forum a heads up on drop a few days before, I don't think anyone followed? This upmove in AJ from the 17th just hasn't quite felt right, almost like there is another down leg coming, although I have been attributing the lazy price action to the holiday, hopefully I am wrong for all the perma bulls.
  • #1,522
  • Dec 29, 2014 7:11pm Dec 29, 2014 7:11pm
Quoting benaiah
{quote} Okay, but I think you misunderstood me if you bring up moral instance. I never said anything about wanting wealth, just the definition. PM me if you want to discuss this further, as I'd be happy to share my views on this, but no not on this thread.
Nah, I just said I did not want to play moral instance But of course we can discuss this in pms.
Fix up, trade sharp ...
  • #1,523
  • Dec 29, 2014 7:13pm Dec 29, 2014 7:13pm
Quoting js5020
{quote} Very predictable and therefore highly lucrative,,, just trade the direction, bull or bear as needed. I even gave the forum a heads up on drop a few days before, I don't think anyone followed? This upmove in AJ from the 17th just hasn't quite felt right, almost like there is another down leg coming, although I have been attributing the lazy price action to the holiday, hopefully I am wrong for all the perma bulls.
Very predictable ... wow, a predictable pair would be a holy grail But seriously, if you get along with A/J well, why not? I do not trade it, so I cannot give any advice here. Maybe I am missing out on something on this pair ...
Fix up, trade sharp ...
  • #1,524
  • Dec 29, 2014 7:13pm Dec 29, 2014 7:13pm
Wow. I got distracted for a few minutes, and price completely fell through my key level. Will see if it can get back up to 120.6. But will be looking to TP, unless some super bull move...
  • #1,525
  • Dec 29, 2014 7:14pm Dec 29, 2014 7:14pm
Quoting Hickson
{quote} Nah, I just said I did not want to play moral instance But of course we can discuss this in pms.
  • #1,526
  • Dec 29, 2014 7:19pm Dec 29, 2014 7:19pm
Quoting benaiah
Wow. I got distracted for a few minutes, and price completely fell through my key level. Will see if it can get back up to 120.6. But will be looking to TP, unless some super bull move...
Yes AJ is now sitting at what I would consider a possible buy area, if fail next possible is 25 or 30 lower but only if we can get something that looks bull price wise
  • #1,527
  • Dec 29, 2014 7:20pm Dec 29, 2014 7:20pm
If we can get a good rejection of the channel it broke out of, maybe a good bullish sign...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiH1.png Size: 51 KB
  • #1,528
  • Dec 29, 2014 7:24pm Dec 29, 2014 7:24pm
Many times this pair has fallen before rising to new highs soon after. For how much the nikkei went down, this pair really hasn't gone down that much yet. The nikkei appears to have found some sort of bottom for now, so maybe this has too and will rise up now.
  • #1,529
  • Dec 29, 2014 7:34pm Dec 29, 2014 7:34pm
On the daily chart, still an inside bar range. I should have remembered that and watched how price reacted to 120.679. We'll see if bulls can make another run at it...
  • #1,530
  • Dec 29, 2014 8:19pm Dec 29, 2014 8:19pm
I think UJ bulls are going to recover. EU has been tanking. I'd assume UJ/EU won't both be going down for long (at the same time), and EU looks to have the downward momentum - break out down from consolidation on H4 chart...
  • #1,531
  • Dec 29, 2014 8:30pm Dec 29, 2014 8:30pm
Quoting benaiah
I think UJ bulls are going to recover. EU has been tanking. I'd assume UJ/EU won't both be going down for long (at the same time), and EU looks to have the downward momentum - break out down from consolidation on H4 chart...
I think the same for the AJ bulls, no real follow through to this point on the movement to the down side so I will be long soon
  • #1,532
  • Dec 30, 2014 12:38am Dec 30, 2014 12:38am
buy limit just hit, back in the game

120.30 targeting 120.7 1st
  • #1,533
  • Dec 30, 2014 12:57am Dec 30, 2014 12:57am
Quoting Liam0530
buy limit just hit, back in the game 120.30 targeting 120.7 1st
I just entered long as well.

Have a take profit at 120.64 and stop at 120.23.

Going to bed soon.
  • #1,534
  • Dec 30, 2014 1:08am Dec 30, 2014 1:08am
Quoting teddybomber
{quote} I just entered long as well. Have a take profit at 120.64 and stop at 120.23. Going to bed soon.
Well I abandoned ship with a tiny profit. Just do not like the reaction from 120.25 and think it might be going to test 120 or maybe even lower.
  • #1,535
  • Dec 30, 2014 1:38am Dec 30, 2014 1:38am
Quoting Rizmeister
{quote} {image} Set up is finished for now! Maybe one more on top of the middle screen! Once I start managing accounts.
Very nice !!
  • #1,536
  • Dec 30, 2014 1:53am Dec 30, 2014 1:53am
Hello all
Hope everyone had a great christmas !!
Benaiah I like your idea of opening it up to other pairs as I would like to discuss some of the others I trade with this group as I really like th group that has formed here....... it may get confusing though having lots of different pairs but hey we can see how it goes we could always change the rules again if it doesn't work.....

Took a trade yesterday went long 119.4 wasn't the best entry I'm afraid got stopped out about an hour ago at - 20 pips......
going to watch for a bit before hopping back in, if the PA remains wierd might leave it for the rest of the week and start again on the 5th
  • #1,537
  • Dec 30, 2014 2:06am Dec 30, 2014 2:06am
seems like its getting back to 50% fib area.
  • #1,538
  • Dec 30, 2014 2:08am Dec 30, 2014 2:08am
WOW
  • #1,539
  • Dec 30, 2014 2:21am Dec 30, 2014 2:21am
yeah it's pulled back a lot measured on the entire move up from the last pull back it's between the 23.6 and the 38.2 of that move
I've entered with a SL of 20 pips at 119.42 target 120.9 but may be a risky trade we shall see
  • #1,540
  • Dec 30, 2014 2:27am Dec 30, 2014 2:27am
buy the dip. fresh 1 in at 500
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