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EUR/JPY

  • #3,061
  • Feb 16, 2015 10:02pm Feb 16, 2015 10:02pm
Will this be another head and shoulder I wonder
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  • #3,062
  • Feb 16, 2015 10:07pm Feb 16, 2015 10:07pm
Quoting gajebo
Will this be another head and shoulder I wonder {image}
could be, im bearish while price below 138 with a target zone of 120-125... just trying to catch a move upwards before a continuation.
Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #3,063
  • Feb 16, 2015 10:14pm Feb 16, 2015 10:14pm
Its all bout support and resistance.

Your right about making money either way through the journey of the PA to get to the estimated price zones.

My shorts were closed during the night as I moved my TPs up on my shorter time frames. Buy order was executed also and take profit reached within 30 minutes. Am short again now looking at the next major support price of 133.750 to be hit today at some point on the downside before another retrace upwards to the 134s and down lower again.

Trying to catch every good move is exhausting and takes it out of you however thats where the most pips can be pocketed unless you just want to ride the wave which many do!
To live a successful life, we must lose our fear of being wrong
  • #3,064
  • Feb 17, 2015 1:40am Feb 17, 2015 1:40am
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  • #3,065
  • Feb 17, 2015 4:57am Feb 17, 2015 4:57am
61.8 stands at 135.63 - looking to short here if it sustains. Sl around 15 pips. ADR almost reached. NY will either take this up without a second thought or drop this back below 134s
To live a successful life, we must lose our fear of being wrong
  • #3,066
  • Feb 17, 2015 5:08am Feb 17, 2015 5:08am
Looks like a retest of previous highs are on the table
To live a successful life, we must lose our fear of being wrong
  • #3,067
  • Feb 17, 2015 5:47am Feb 17, 2015 5:47am
Let's see if we can break 136 or if we will drop south towards 133.9... Inclined to short.

Quoting EatPIPs
Looks like a retest of previous highs are on the table
  • #3,068
  • Feb 17, 2015 6:03am Feb 17, 2015 6:03am
For me - thats today peak out.
To live a successful life, we must lose our fear of being wrong
  • #3,069
  • Feb 17, 2015 6:03am Feb 17, 2015 6:03am
Quoting EatPIPs
For me - thats today peak out.
135.966 short - stop 10 pips
To live a successful life, we must lose our fear of being wrong
  • #3,070
  • Feb 17, 2015 6:08am Feb 17, 2015 6:08am
Quoting EatPIPs
{quote} 135.966 short - stop 10 pips
Me too, short at 135.83 SL 136.15
  • #3,071
  • Feb 17, 2015 6:31am Feb 17, 2015 6:31am
Quoting EatPIPs
{quote} 135.966 short - stop 10 pips

first tp going to be placed where?
Keep the Lights on then you can catch the rise from the dark.
  • #3,072
  • Feb 17, 2015 6:32am Feb 17, 2015 6:32am
Quoting Larshw
{quote} Me too, short at 135.83 SL 136.15
i am shorting now , has some -ve trades but i added on the way up hoping it will turn down
  • #3,073
  • Feb 17, 2015 6:43am Feb 17, 2015 6:43am
Quoting ricmaj
{quote} first tp going to be placed where?
I'll be initially looking at around 135.2x, but also seeing 134 and below...
  • #3,074
  • Feb 17, 2015 7:44am Feb 17, 2015 7:44am
Quoting Larshw
{quote} I'll be initially looking at around 135.2x, but also seeing 134 and below...
Closed my shorts at 135.49. Looking to short again if we can break 135.40
  • #3,075
  • Feb 17, 2015 8:26am Feb 17, 2015 8:26am
As long as todays high doesn't get breached then I'm happy to hold my short.

My stop is still set at 10 pips above entry price. If it gets hit then so be it and I will await a further entry level but from my charts I see todays high as current top for today. Price is price! Will see where it goes during NY session however the fight is still there in the bulls and bears both.
To live a successful life, we must lose our fear of being wrong
  • #3,076
  • Feb 17, 2015 8:28am Feb 17, 2015 8:28am
Quoting EatPIPs
As long as todays high doesn't get breached then I'm happy to hold my short. My stop is still set at 10 pips above entry price. If it gets hit then so be it and I will await a further entry level but from my charts I see todays high as current top for today. Price is price! Will see where it goes during NY session however the fight is still there in the bulls and bears both.
Have added another short at that retracement with stop at same position as previous stop.
To live a successful life, we must lose our fear of being wrong
  • #3,077
  • Feb 17, 2015 8:35am Feb 17, 2015 8:35am
Quoting EatPIPs
{quote} Have added another short at that retracement with stop at same position as previous stop.
Could potentially be stopped out - higher prices look juicers to short from however how high is the question! 203 pip move today ADR 180 based on less volatile recent days however there is still room for more upside but CMP is currently hanging arounf 61.8 so it will either shoot up again within due course or respect it and move further down at least low 135s.
To live a successful life, we must lose our fear of being wrong
  • #3,078
  • Feb 17, 2015 1:04pm Feb 17, 2015 1:04pm
Hi Eatpips!


maybe to 129,88
  • #3,079
  • Feb 17, 2015 1:41pm Feb 17, 2015 1:41pm
Quoting EatPIPs
{quote} Could potentially be stopped out - higher prices look juicers to short from however how high is the question! 203 pip move today ADR 180 based on less volatile recent days however there is still room for more upside but CMP is currently hanging arounf 61.8 so it will either shoot up again within due course or respect it and move further down at least low 135s.
Looking very strong... It looks like we are blasting through 136, not risking anything atm.
  • #3,080
  • Feb 17, 2015 5:57pm Feb 17, 2015 5:57pm
EUR/JPY is set ahead of the BOJ announcement later, there were a word yesterday that came out and said that indeed the weakness of the Yen is good for the domestic economy.
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