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  • #949,461
  • Jan 12, 2015 12:43pm Jan 12, 2015 12:43pm
Quoting nonlinear
{quote} That's certainly possible. I took profit at these levels, but will look to short again if it breaks, if not, will enter long short term
USD/JPY- 13 pips from AD LOW
USD/CAD - AT AD HIGH
GBP/JPY and EUR/JPY and NZD/USD - 30 pips from AD low
I expect all 3 reverse
  • #949,462
  • Jan 12, 2015 12:45pm Jan 12, 2015 12:45pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Euro wants higher. Confluence of the 61.8 retrace from today's intraday impulse move & backside bounce of the former downward trendline.
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  • #949,463
  • Jan 12, 2015 12:46pm Jan 12, 2015 12:46pm
Quoting OnlineAddict
{quote} We will see later if it was a good trade, but I would love to stay in until 1920, at least. My highest target is 2100-2115, where I would short.
Lets see so far expecting GU and EU to go higher tomorrow on dollar bear day. Break of 805 EU invalidates that view.
  • #949,464
  • Jan 12, 2015 12:48pm Jan 12, 2015 12:48pm
GBP/JPY might even go lower lets see. 179.685 for long
  • #949,465
  • Jan 12, 2015 12:50pm Jan 12, 2015 12:50pm
Not that these nanopatterns were reliable, but there is cup n handle on m5 attacking weekly open. And m5 just broke the open. Now waiting for h1... h4.
"I know one thing, that I know nothing." Sokrates
  • #949,466
  • Jan 12, 2015 12:53pm Jan 12, 2015 12:53pm
Quoting eggs
Euro wants higher. Confluence of the 61.8 retrace from today's intraday impulse move & backside bounce of the former downward trendline
Euro might want higher, but UJ seems to lead the way. If UJ goes up, I expect EU fall. So, I longed UJ and shorted EU, fast trades, both green at the moment
  • #949,467
  • Jan 12, 2015 12:54pm Jan 12, 2015 12:54pm
Quoting nonlinear
{quote} Euro might want higher, but UJ seems to lead the way. If UJ goes up, I expect EU fall. So, I longed UJ and shorted EU, fast trades, both green at the moment
I would have held off for a bit until confirmation, I am waiting.

I thik EU/US will go a bit higher before short
  • #949,468
  • Jan 12, 2015 12:55pm Jan 12, 2015 12:55pm
I'm watching m15 for these, both tight stops. 184 looks like decent resistance level
  • #949,469
  • Jan 12, 2015 12:56pm Jan 12, 2015 12:56pm
Quoting nonlinear
I'm watching m15 for these, both tight stops.
Too much noise down there for me
  • #949,470
  • Jan 12, 2015 12:58pm Jan 12, 2015 12:58pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Rally in EU prices until 3 or 3:30 EST
  • #949,471
  • Jan 12, 2015 12:58pm Jan 12, 2015 12:58pm
Quoting nonlinear
I'm watching m15 for these, both tight stops. 184 looks like decent resistance level
We could get a double confirm here soon. Inverted hammer rejection of weekly open on m15 and regular rejection on h1. Hope thats the case, but these are going to be long 2 minutes . Gl with your trades.

edit: anyway, if EU breaks now 1,184 on H1, not good for shorts.
edit: so hammer fail, h1 rejected open, but not very strong. Bulls seem to still have some controll, but fading.
"I know one thing, that I know nothing." Sokrates
  • #949,472
  • Jan 12, 2015 1:02pm Jan 12, 2015 1:02pm
Quoting Tom_D_Trader
{quote} We could get a double confirm here soon. Inverted hammer rejection of weekly open on m15 and regular rejection on h1. Hope thats the case, but these are going to be long 2 minutes . Gl with your trades. edit: anyway, if EU breaks now 1,184 on H1, not good for shorts. edit: so hammer fail, h1 rejected open, but not very strong. Bulls seem to still have some controll, but fading.
Agreed. it will be pretty clear if/when the trades go bad, just watching UJ to know.
  • #949,473
  • Jan 12, 2015 1:03pm Jan 12, 2015 1:03pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Weekly 'gap' zone put in from Fridays close to Monday's Asia open shaping up to be the strong pivot point.
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  • #949,474
  • Jan 12, 2015 1:03pm Jan 12, 2015 1:03pm
Quoting WeeMee
yeah you are probably right, been thinking of reducing take profit, or even closing it now. my guy keeps telling me it's about to take off upwards, but yeah better step by step, my gut tells me it will go way down again before it really turns, if the turning point really is upon us.
What i see is more down if it break under 1.1700 .
  • #949,475
  • Jan 12, 2015 1:06pm Jan 12, 2015 1:06pm
damn i broke the cardinal rule of not ending a trade early out of fear, lol it broke that 1.1832 anyway
  • #949,476
  • Jan 12, 2015 1:07pm Jan 12, 2015 1:07pm
uj has a hammer on the h at support. that's usually not bearish (disclaimer... a hammer and trend are bullish ). however it has done all it needs to do for a drop to 114.02.. personally i am still short and waiting for a fast move.. the time of day sucks.. a LL would help me..maybe after 1871 is touched.. atm 118.34
those who can, do. those who cant, talk about those who can
  • #949,477
  • Jan 12, 2015 1:12pm Jan 12, 2015 1:12pm
Quoting gatorinla
uj has a hammer on the h at support. that's usually bearish (disclaimer... a hammer and trend are bullish ). however it has done all it needs to do for a drop to 114.02.. personally i am still short and waiting for a fast move.. the time of day sucks.. a LL would help me..maybe after 1871 is touched.. atm 118.34
Im short UJ as well, it has been looking like it is going down for about a week now. Keeps making lower highs. Hopefully it's not a trap lol

One thing in our favor is that most of the retail sentiment sites show over 60% long UJ, not to mention other JPY pairs are even higher percent long.

Also risk reversals are showing quite a bit of downside protection bias for this week.

There are also a lot of options down lower expiring friday in USD/JPY

117.00
116.45
116.10
115.65
  • #949,478
  • Jan 12, 2015 1:13pm Jan 12, 2015 1:13pm
Quoting gatorinla
uj has a hammer on the h at support. that's usually bearish (disclaimer... a hammer and trend are bullish ). however it has done all it needs to do for a drop to 114.02.. personally i am still short and waiting for a fast move.. the time of day sucks.. a LL would help me..
that sounds like a good call, just a matter of when, have pending shorts at 118.0 if I cannot get an entry up around 119
  • #949,479
  • Jan 12, 2015 1:15pm Jan 12, 2015 1:15pm
Quoting nonlinear
{quote} that sounds like a good call, just a matter of when, have pending shorts at 118.0 if I cannot get an entry up around 119
reread,, hammer "not" bearish
those who can, do. those who cant, talk about those who can
  • #949,480
  • Jan 12, 2015 1:17pm Jan 12, 2015 1:17pm
The market looks indecisive. hammer on the daily and on the 4 hour chart but the volatility of the market is weak
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