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AUD/JPY

  • #1,201
  • Jan 28, 2015 6:47pm Jan 28, 2015 6:47pm
Ill be trying to get a higher price before what looks at the moment to be heading even lower.
  • #1,202
  • Jan 28, 2015 8:08pm Jan 28, 2015 8:08pm
Quoting js5020
Ill be trying to get a higher price before what looks at the moment to be heading even lower.
I have to agree with you that the momentum is taking the price much lower. I am not sure sure how much of a higher entry you will be able to get as I think a big leg may be starting up. I'm going to keep my eyes on that 91.75 level to watch how price reacts down here.
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  • #1,203
  • Jan 28, 2015 8:38pm Jan 28, 2015 8:38pm
I think I will pyramid the trade, Ive been doing that the last few days with this choppier PA that way I don't get hung with a full load at one price point. Really struggling getting a price without much DD last week or so with AJ/GJ so no max leverage trades for a bit.
  • #1,204
  • Jan 28, 2015 10:02pm Jan 28, 2015 10:02pm
Quoting js5020
I think I will pyramid the trade, Ive been doing that the last few days with this choppier PA that way I don't get hung with a full load at one price point. Really struggling getting a price without much DD last week or so with AJ/GJ so no max leverage trades for a bit.
I like you style my friend.

I too like to build the position as price moves along to ride the trend for as long as you can and then get out!

Winners Average Winners
Losers Average Losers
  • #1,205
  • Jan 29, 2015 7:06am Jan 29, 2015 7:06am
Quoting Sis.yphus
{quote} I have to agree with you that the momentum is taking the price much lower. I am not sure sure how much of a higher entry you will be able to get as I think a big leg may be starting up. I'm going to keep my eyes on that 91.75 level to watch how price reacts down here. {image}
Nice call mate,, I had a low of .66 thus far,, and I also didn't get much better of a price before it started, 93.25 was best I could get but I did get in.
  • #1,206
  • Jan 29, 2015 12:25pm Jan 29, 2015 12:25pm
Quoting js5020
{quote} Nice call mate,, I had a low of .66 thus far,, and I also didn't get much better of a price before it started, 93.25 was best I could get but I did get in.

Thanks bud! Im just a big believer in following the trend so if you are still short I am holding on till we see some reversal on the daily chart.

I think most people fail because they want to sell high and buy low or buy low and sell high. When really the trick is to buy high & sell higher or sell low and buy lower.
  • #1,207
  • Jan 30, 2015 9:55am Jan 30, 2015 9:55am
Ok calling it a week closed at 91.22,,, it missed my TP by 2 pip and I was sleeping,,,, sleep cost me 30 pip.
  • #1,208
  • Jan 31, 2015 6:06am Jan 31, 2015 6:06am
Seems this bearish momentum is getting strength. The buyers did not succeed keeping 93 on a weekly chart which is strong signal to me. Next strong resistance could be 90 or eventually 88.2. I will keep adding shorts until we get to 86. In case of bearish rally, we could see 74.4 by next summer. Have a great weekend
  • #1,209
  • Feb 3, 2015 1:05am Feb 3, 2015 1:05am
Anyone do long term trading on this. It seems it has hit a MA on the weekly. Looks like it would be heading back up soon? Any thoughts? Anyone care to agree or disagree? Happy pipping to all!
  • #1,210
  • Feb 3, 2015 1:42am Feb 3, 2015 1:42am
Quoting forexstrah
Anyone do long term trading on this. It seems it has hit a MA on the weekly. Looks like it would be heading back up soon? Any thoughts? Anyone care to agree or disagree? Happy pipping to all!
my view on this is go down more at least 100 pips

Reason No 1 : ICHIMOKU

below cloud 1st candle closed and present candle break that candle and also future is showing bearish


Reason no 2: elliotwave

in daily chart 5th wave is in extension

if my assumption is correct it has to go at least 100 points down...
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  • #1,211
  • Feb 3, 2015 2:56am Feb 3, 2015 2:56am
I think things could get interesting at that level.
  • #1,212
  • Feb 3, 2015 3:12am Feb 3, 2015 3:12am
I'm still holding my short positions and adding more.
Things could happen around the 88.23-86.45 but the momentum is getting very strong...
For those who are doing long term on this pair (3 months) like I do, keep in mind that another cut is very likely to occur. I think we are seeing all the big guys anticipating this and leaving their carry trades.
  • #1,213
  • Feb 3, 2015 3:55pm Feb 3, 2015 3:55pm
Still holding short after the bounce. if it continues to rip I will close out but for now I am still looking for some more downside.
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  • #1,214
  • Feb 3, 2015 4:54pm Feb 3, 2015 4:54pm
Shorts reloaded and adding if it takes a tumble,, lets see whats gonna happen.
  • #1,215
  • Feb 3, 2015 11:53pm Feb 3, 2015 11:53pm
AJ's upside potential.............
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Elliott Wave for optimum entry, exit and risk management of trades
  • #1,216
  • Edited 4:56am Feb 4, 2015 4:36am | Edited 4:56am
Real nice 80 pip pop up on the current hourly candle,,,, but will it hold?

Edit: and that went no where LoL,,, why bother
  • #1,217
  • Feb 8, 2015 9:55pm Feb 8, 2015 9:55pm
On the A/J we've had a selling climax on the weekly after a strong down trend move since November.

H1 and H4 is showing a back up to the creek after the jump across the creek on low supply for now. I'm not super keen on taking trades during Asian hours however the set up looked too delicious.

The signal also corresponds with an overbought position on the daily downtrend lines where price has created support from the former resistance on these trend lines.

BC - Buying Climax
AR - Automatic Reaction
JAC - Jump across the creek

If anyone is not familiar with this, it's Wyckoff/Volume Spread Analysis.
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  • #1,218
  • Feb 8, 2015 10:52pm Feb 8, 2015 10:52pm
Quoting olambeth
On the A/J we've had a selling climax on the weekly after a strong down trend move since November. H1 and H4 is showing a back up to the creek after the jump across the creek on low supply for now. I'm not super keen on taking trades during Asian hours however the set up looked too delicious. The signal also corresponds with an overbought position on the daily downtrend lines where price has created support from the former resistance on these trend lines. BC - Buying Climax AR - Automatic Reaction JAC - Jump across the creek If anyone is not familiar...
All I can see is JPY strength this week. I'm looking for AUDJPY to drop over 100 pips today!
  • #1,219
  • Feb 10, 2015 3:29am Feb 10, 2015 3:29am
Quoting Zondervan
{quote} All I can see is JPY strength this week. I'm looking for AUDJPY to drop over 100 pips today!
Seems you could have your drop. We might be breaking a triangle on H1 timeframe. Next support I see is 92.05
  • #1,220
  • Feb 16, 2015 6:23am Feb 16, 2015 6:23am
Where will this head now? Maximum I see is the 94-94.5 area. In case the bears take the control again maybe we could reach 89. Or 86.5...
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