Attachments: EUR/JPY

EUR/JPY

#2,781
Jan 9, 2015 2:08am Jan 9, 2015 2:08am

Mr.E
| Joined Jan 2015 | Status: Trader | 10 Posts

Quoting wendyqq

Disliked

support hold again @140.9X-141.00, will this hold for a while, and push up a 30 pips again?

Ignored

eventually no

as you can see from the chart right now has broken that level to its downside. I inititates short position at 141.08. Did you trade it?

#2,782
Jan 9, 2015 2:36am Jan 9, 2015 2:36am

wendyqq
| Joined May 2014 | Status: Trader | 121 Posts

Quoting Mr.E

Disliked

{quote} eventually no as you can see from the chart right now has broken that level to its downside. I inititates short position at 141.08. Did you trade it?

Ignored

Hi I'm going to take the loss if it breach 140.65

i find H1 chart bullish divergence, and 140.8 as fib 68% level, I thot that's gonna hold up again... Why isn't it working ;(

#2,783
Jan 9, 2015 3:09am Jan 9, 2015 3:09am

Mr.E
| Joined Jan 2015 | Status: Trader | 10 Posts

Quoting wendyqq

Disliked

{quote} Hi I'm going to take the loss if it breach 140.65 i find H1 chart bullish divergence, and 140.8 as fib 68% level, I thot that's gonna hold up again... Why isn't it working ;(

Ignored

I got 10 pips profit that's all i want. I observed a strong support level at 140.70 - 140.75 price area, i don't think that it would be easy to hit 140.65.
I would suggest you dont rely on divergences so much. Try to use pivot as well.

#2,784
Jan 9, 2015 4:27am Jan 9, 2015 4:27am

wendyqq
| Joined May 2014 | Status: Trader | 121 Posts

Quoting Mr.E

Disliked

{quote} I got 10 pips profit that's all i want. I observed a strong support level at 140.70 - 140.75 price area, i don't think that it would be easy to hit 140.65. I would suggest you dont rely on divergences so much. Try to use pivot as well.

Ignored

Thanks E

im very fresh in this business. Big headed now hahaha

#2,785
Jan 9, 2015 7:14pm Jan 9, 2015 7:14pm

peeterwoolf
| Joined Apr 2014 | Status: Trader | 238 Posts

It seems strong bearish trend, euro is still very weak.

#2,786
Jan 10, 2015 1:19am Jan 10, 2015 1:19am

skyhok
Joined Feb 2014 | Status: Trader | 1,796 Posts

Crucial moment next week for EURJPY, if it bounce up from near the 61.82% retracement, it means resuming uptrend on the larger wave (5) and buying at a very discounted price with good risk/reward, otherwise dropping off through bottom channel line invalidates the count.

Attached Image (click to enlarge)

Click to Enlarge

Name: EURJPYH4 22.png
Size: 55 KB

Elliott Wave for optimum entry, exit and risk management of trades

#2,787
Jan 10, 2015 7:23pm Jan 10, 2015 7:23pm

csc2009
| Joined Apr 2014 | Status: Trader | 1,049 Posts

Quoting skyhok

Disliked

Crucial moment next week for EURJPY, if it bounce up from near the 61.82% retracement, it means resuming uptrend on the larger wave (5) and buying at a very discounted price with good risk/reward, otherwise dropping off through bottom channel line invalidates the count. {image}

Ignored

I agree with your point of view, important week for this pair.

#2,788
Jan 10, 2015 8:01pm Jan 10, 2015 8:01pm

Pmd1963
| Joined Feb 2014 | Status: Trader | 112 Posts

Right now, this is the premier currency to trade for risk aversion/risk off, even better than AUD/JPY. When the fear factor rises, EUR will go lower and JPY will go higher. If we get severe stock market corrections in US/rising VIX, selling EURJPY will make you a lot of money.

#2,789
Jan 11, 2015 12:16pm Jan 11, 2015 12:16pm

mikeb
| Joined Jan 2010 | Status: Trader | 38 Posts

My point of view, purely technical. I think we will go up this week. Chart says more than words.

Attached Image (click to enlarge)

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Name: EURJPYDaily.png
Size: 54 KB

#2,790
Jan 11, 2015 5:50pm Jan 11, 2015 5:50pm

peeterwoolf
| Joined Apr 2014 | Status: Trader | 238 Posts

Quoting mikeb

Disliked

My point of view, purely technical. I think we will go up this week. Chart says more than words. {image}

Ignored

Good chart.

#2,791
Jan 11, 2015 6:30pm Jan 11, 2015 6:30pm

Mr.C
Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts

Hey guys. Sold EUR/JPY at 140,374. SL 40 points above.

Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397

#2,792
Jan 11, 2015 8:49pm Jan 11, 2015 8:49pm

Geppy
Joined Sep 2007 | Status: Trader | 6,871 Posts

Hi all. Just wanted to drop in and say I got a sell signal in EURJPY a bit ago. Just took a short position at 140.39 with a SL at 140.89

This pair was good to me all last week so hoping for continuation of the trend this week.

check out my blog: forexmademillionaire dot com

#2,793
Jan 12, 2015 10:39pm Jan 12, 2015 10:39pm

Mr.C
Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts

Quoting Mr.C

Disliked

Hey guys. Sold EUR/JPY at 140,374. SL 40 points above.

Ignored

2 : 0 between market and me. Yesterday's EUR/JPY stopped out with -40 pips.

Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397

#2,794
Jan 12, 2015 10:41pm Jan 12, 2015 10:41pm

Mr.C
Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts

Added one more EJ short from 140,020 a minute ago. SL @ 140,420.

Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397

#2,795
Jan 13, 2015 7:30am Jan 13, 2015 7:30am

Mr.C
Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts

Quoting Mr.C

Disliked

Added one more EJ short from 140,020 a minute ago. SL @ 140,420.

Ignored

My second attempt on the EUR/JPY failed. -40 pips. Once again - looks like the price action plan was a good one. Wiped out but we're going south. Entries and SL's need some changes.

Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397