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EUR/JPY

  • #2,801
  • Jan 14, 2015 3:45am Jan 14, 2015 3:45am
Quoting ffmonry
Sold eur jpy 137.30 tp 136.50
TP just set to open
RM
  • #2,802
  • Jan 14, 2015 6:50pm Jan 14, 2015 6:50pm
Account got blowed
  • #2,803
  • Jan 15, 2015 1:44am Jan 15, 2015 1:44am
Quoting ffmonry
Account got blowed
How many lots u entered?
RM
  • #2,804
  • Jan 15, 2015 1:54am Jan 15, 2015 1:54am
anyone know why only chfjpy heading north but others jpy pair go south? what the hell up abt 400 pips
  • #2,805
  • Jan 15, 2015 3:43am Jan 15, 2015 3:43am
Quoting mikok730
anyone know why only chfjpy heading north but others jpy pair go south? what the hell up abt 400 pips
4000 pips north

Didnt notice that
RM
  • #2,806
  • Jan 15, 2015 8:54am Jan 15, 2015 8:54am
wowza, what a move. hope everyone is making bank

my long term strat currently is selling on rallies to 120. 141 is my stop and reverse line.
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #2,807
  • Jan 15, 2015 8:03pm Jan 15, 2015 8:03pm
Quoting saoldric
hey, hope everyone is well. we had a BB expansion on the 4hour with a price breaking through trend lines and MA's. We now have what i consider a good H/S pattern in my books. initial target 143.35 and a secondary of around 142 and a tertiary trade with an unlimited target with a trailing stop at the 4H MA's. {image}

ok guys, i took a step back and looked at a current chart from an unbiased view point and asked myself a few questions.

1. would i be entering short here? no, i would not.
2. are you happy with the run that the existing trade has made? Yes, very. If i stopped trading today, 2 weeks into the new year i would have hit this years target.
3. Looking back you were bullish, has any large fundamental changes altered your outlook? No it has not.
4. are there any long setups that you would potentially try with great R:R? Yes

so that being said i decided to cancel any pending shorts and any existing shorts i had on this pair. I have made more than enough on the move and im not afraid of missing more.

Here is a chart that i have been looking at.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 1,15.png Size: 188 KB
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #2,808
  • Jan 15, 2015 9:02pm Jan 15, 2015 9:02pm
Quoting saoldric
{quote} ok guys, i took a step back and looked at a current chart from an unbiased view point and asked myself a few questions. 1. would i be entering short here? no, i would not. 2. are you happy with the run that the existing trade has made? Yes, very. If i stopped trading today, 2 weeks into the new year i would have hit this years target. 3. Looking back you were bullish, has any large fundamental changes altered your outlook? No it has not. 4. are there any long setups that you would potentially try with great R:R? Yes so that being said i...
Not sure why you would be bullish on this pair besides maybe Abenomics. But to me, that's moot for now at least. With QE on the horizons for Europe and risk tolerance near zero, I see both EURUSD and USDJPY potentially heading lower. EURJPY shorts in that case seem to be a great trade.

I'm still short.
check out my blog: forexmademillionaire dot com
  • #2,809
  • Jan 15, 2015 10:15pm Jan 15, 2015 10:15pm
Quoting Geppy
{quote} Not sure why you would be bullish on this pair besides maybe Abenomics. But to me, that's moot for now at least. With QE on the horizons for Europe and risk tolerance near zero, I see both EURUSD and USDJPY potentially heading lower. EURJPY shorts in that case seem to be a great trade. I'm still short.
its more or less the last line of defense for the bulls. Im unable to see price blowing past without any sort of reaction. To me this move seems alittle blown out of proportion for the duration. if there was any place to get long it would of been a logical point at that trend line.

what do i think about the eur and jpy? the future its not very bright for either, but im a technical analyst and my belief is that the chart reveals what it will do in probabilities. so i try to toss pre conceived notions of what i think will happen and trade strictly on what i see, and what i see is an opportunity with limited risk.

the EUR is currently where we need to make a decision... Do we want to trade on a bounce? Or a Break? either way, a phenomenal opportunity has presented itself.

I have entered a long at 135.01.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy 1,15-1.png Size: 161 KB
Click to Enlarge Name: eurusd 1,15.png Size: 244 KB
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #2,810
  • Jan 16, 2015 4:34am Jan 16, 2015 4:34am
Sell @137.00??
  • #2,811
  • Jan 16, 2015 6:06am Jan 16, 2015 6:06am
Quoting saoldric
{quote} its more or less the last line of defense for the bulls. Im unable to see price blowing past without any sort of reaction. To me this move seems alittle blown out of proportion for the duration. if there was any place to get long it would of been a logical point at that trend line. what do i think about the eur and jpy? the future its not very bright for either, but im a technical analyst and my belief is that the chart reveals what it will do in probabilities. so i try to toss pre conceived notions of what i think will happen and trade...
Gotcha, I definitely see/understand your reasoning. And there's obviously nothing wrong with it. We're just on two different sides of trading style is all. While I agree the overall trend is up, the current one has been down (that's the one I'm playing).

I also see a lot of fundamental risk... something you admit you don't tend to focus on.

Thanks for fleshing out your thought process, it's great for everyone on the thread to see the reasonings behind differing opinions.
check out my blog: forexmademillionaire dot com
  • #2,812
  • Jan 16, 2015 11:36pm Jan 16, 2015 11:36pm
My view for EJ

Correct me if i`m wrong.

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_170115_1535.png Size: 90 KB
RM
  • #2,813
  • Jan 17, 2015 10:09am Jan 17, 2015 10:09am
Quoting Geppy
{quote} Gotcha, I definitely see/understand your reasoning. And there's obviously nothing wrong with it. We're just on two different sides of trading style is all. While I agree the overall trend is up, the current one has been down (that's the one I'm playing). I also see a lot of fundamental risk... something you admit you don't tend to focus on. Thanks for fleshing out your thought process, it's great for everyone on the thread to see the reasonings behind differing opinions.
Dang Geppy you are everywhere. EUR/JPY is surely cheaper to trade for Americans than the dragon. Looking forward to Jan 22. EUR/JPY to the 220 EMA on the Weekly chart then up.
Be humble or be humbled.
  • #2,814
  • Jan 17, 2015 10:20am Jan 17, 2015 10:20am
Quoting Temujin
{quote} Dang Geppy you are everywhere. EUR/JPY is surely cheaper to trade for Americans than the dragon. Looking forward to Jan 22. EUR/JPY to the 220 EMA on the Weekly chart then up.
Hard to say which way. If the Eurozone launches into QE, this baby will run down hard!
check out my blog: forexmademillionaire dot com
  • #2,815
  • Jan 17, 2015 10:51am Jan 17, 2015 10:51am
Quoting Geppy
{quote} Hard to say which way. If the Eurozone launches into QE, this baby will run down hard!
The big Swiss move, Jordan gave hints it would be a more massive QE program than they expect. Down 100% for certain before up.
Be humble or be humbled.
  • #2,816
  • Jan 17, 2015 10:58am Jan 17, 2015 10:58am
Quoting Temujin
{quote} The big Swiss move, Jordan gave hints it would be a more massive QE program than they expect. Down 100% for certain before up.
Well, nothing is 100% in this game Temujin. You know that.

But I hear ya, and my bets are placed in that direction too.
check out my blog: forexmademillionaire dot com
  • #2,817
  • Jan 17, 2015 11:00am Jan 17, 2015 11:00am
Quoting Geppy
{quote} Well, nothing is 100% in this game Temujin. You know that. But I hear ya, and my bets are placed in that direction too.
It as part of the reason Jordan gave up the EUR/CHF floor of 1.20 after 4 years. Now he would not have to do it. The ECB will do it for him.
Be humble or be humbled.
  • #2,818
  • Jan 17, 2015 11:05am Jan 17, 2015 11:05am
Quoting Temujin
{quote} It as part of the reason Jordan gave up the EUR/CHF floor of 1.20 after 4 years. Now he would not have to do it. The ECB will do it for him.
I agree, that's most likely true. However, nothing is certain.
check out my blog: forexmademillionaire dot com
  • #2,819
  • Jan 17, 2015 11:12am Jan 17, 2015 11:12am
Quoting Geppy
{quote} I agree, that's most likely true. However, nothing is certain.
Actually you are right and it could go completely the other way. EJ has fallen 1,200 pips in just 3 weeks. The market is already pricing the QE into the rate. Remember buy the rumor sell the news? This could very well be the same thing but inverse, Sell the rumor for weeks and then buy the news.
Be humble or be humbled.
  • #2,820
  • Jan 17, 2015 5:42pm Jan 17, 2015 5:42pm
Good reading related to Yen here guys:

http://www.forexlive.com/blog/2015/0...-january-2015/
check out my blog: forexmademillionaire dot com
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