Attachments: EUR/JPY

EUR/JPY

#3,241
Mar 10, 2015 5:11am Mar 10, 2015 5:11am

xandi
Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts

these are the shadows pointing the buy zone I mentioned...if we get any candle on 15m charts closing inside these shadows, that a start of this buy zone could not resist...that´s 1st step, there are other steps...

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#3,242
Mar 10, 2015 5:11am Mar 10, 2015 5:11am

Barca
| Membership Revoked | Joined Apr 2014 | 212 Posts

Quoting xandi

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{quote} not necessary....take a look, the limits top and bottom next hours are:130.85---131.75 whats your position? short is the best side to be, of course..we can see a little retrace this week, next weeks or maybe already this one it will fall again and again... {image}

Ignored

Im sell at 130.90..but I have a small buy lot at 131.13..shld I close the buy lot?

#3,243
Mar 10, 2015 5:22am Mar 10, 2015 5:22am

xandi
Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts

Quoting Barca

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{quote} Im sell at 130.90..but I have a small buy lot at 131.13..shld I close the buy lot?

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im not confortable with your buy, but what can you do now? I dont know how you trade and your method, so its hard to say...this 9 minutes will tell, maybe this zone can hold, or not, price below 130.85 starts to be danger to buyers...

ps: I dont understand you having positions on both side, buy and sell, now you have to thinkk on both sides, is doubling stressfull...I would start to close now the sell with profit, and take care of the buy next, if price goes near... but is only my opinion, you may have a totally diferent way of trading from mine, as many traders have!

#3,244
Mar 10, 2015 5:32am Mar 10, 2015 5:32am

xandi
Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts

130.78 was the maximum we can go, maybe the bottom for the week...if price breaks this down, expect 100 pips or more...so I´m buyng there because it´s easy to place the SL.
good luck

#3,245
Mar 10, 2015 5:47am Mar 10, 2015 5:47am

xandi
Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts

Quoting xandi

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130.78 was the maximum we can go, maybe the bottom for the week...if price breaks this down, expect 100 pips or more...so Im buyng there because its easy to place the SL. good luck

Ignored

positions closed...done for the day...if this was the bottom, as it seems, 131.23 can be the higher for today...but dangerous situation indeed for buyers, they can only desire a little retrace from the recent week fall...

#3,246
Mar 10, 2015 6:32am Mar 10, 2015 6:32am

Barca
| Membership Revoked | Joined Apr 2014 | 212 Posts

Quoting xandi

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{quote} im not confortable with your buy, but what can you do now? I dont know how you trade and your method, so its hard to say...this 9 minutes will tell, maybe this zone can hold, or not, price below 130.85 starts to be danger to buyers... ps: I dont understand you having positions on both side, buy and sell, now you have to thinkk on both sides, is doubling stressfull...I would start to close now the sell with profit, and take care of the buy next, if price goes near... but is only my opinion, you may have a totally diferent way of trading from...

Ignored

Thanks xandi.

Close my buy position.. got profits from my sell..

#3,247
Mar 10, 2015 6:41am Mar 10, 2015 6:41am

Erebus
Joined Jul 2011 | Status: Gold Again | 10,568 Posts

If it breaks 130, go for 120

while we are throwing numbers and daydreaming here

It takes a lot for me to IGNORE you, but you can try.

#3,248
Mar 10, 2015 6:41am Mar 10, 2015 6:41am

xandi
Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts

Quoting Barca

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{quote} Thanks xandi. Close my buy position.. got profits from my sell..

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hehehehehhaahaha

in my opinion, traders should focus only on one side, it´s already complicated holding long positions, why should we also hold at sime time short positions?
but of course it depends on your way of trading, if you are short term or medium term or long term trader...

anyway, probably im expecting a retrace to 130.70 so I can enter the way down ride...so the last low we can find on weekly candle is near 130.15...if this is broken, you can expect deep fast drop...and the scenario still awful for the buy side, on daily, on weekly, the only chance for buyers already spoken here, which was a holding week with tight range reparing the field for 2 more weeks of fall, are now almost invalidated and we are next to see a third week falling, and in that scenario, only after this week which can be a huge fall, price may consolidate on the weekly view...

#3,249
Mar 10, 2015 8:32am Mar 10, 2015 8:32am

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

Downside movement continues, EJ probably would test monthly 200 SMA at 128.00 level this week.

#3,250
Mar 10, 2015 9:15am Mar 10, 2015 9:15am

xandi
Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts

ok, trying to create a buy zone here, let´s see how it holds, price can not close below 130.20 on 15m tf

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#3,251
Mar 10, 2015 9:45am Mar 10, 2015 9:45am

xandi
Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts

Quoting xandi

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ok, trying to create a buy zone here, lets see how it holds, price can not close below 130.20 on 15m tf {image}

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still think 130.10 it´s a good zone to buy, but it´s hard to catch these bottoms....when you miss the all ride, risking trying to catch the bottom and revert maybe the worst decision, too risky...positions closed

#3,252
Mar 10, 2015 9:49am Mar 10, 2015 9:49am

xandi
Joined Jan 2012 | Status: Loving Nature* | 3,985 Posts

Quoting xandi

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{quote} still think 130.10 its a good zone to buy, but its hard to catch these bottoms....when you miss the all ride, risking trying to catch the bottom and revert maybe the worst decision, too risky...positions closed

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im enjoyng on 15m the pin bar, going to hold tp 130.45