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EUR/JPY

  • #3,741
  • Oct 20, 2015 6:59pm Oct 20, 2015 6:59pm
Looking for a retrace back within this large bull candle...
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  • #3,742
  • Oct 20, 2015 7:41pm Oct 20, 2015 7:41pm
Looking to get short @ 136.30

This entry level is:
- Just below today's R1 (136.36)
- Below the 78.6% fib retracement (136.32)
- Point of release from consolidation (136.35), which is the opening of a large bear candle (shown in red).
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  • #3,743
  • Oct 20, 2015 7:43pm Oct 20, 2015 7:43pm
It is a 132.8% fib extension target
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  • #3,744
  • Oct 20, 2015 7:46pm Oct 20, 2015 7:46pm
I'm targeting a 50-60% pullback which would put us around 135.50 (shown in green)
It's also within the range of yesterdays 1hr bull breakout candle (shown in green)
Attached Image (click to enlarge)
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  • #3,745
  • Oct 20, 2015 8:22pm Oct 20, 2015 8:22pm
Great advise well described thanks @RBlackburn
  • #3,746
  • Edited 8:52pm Oct 20, 2015 8:46pm | Edited 8:52pm
Quoting ahxjun
Great advise well described thanks @RBlackburn
Not a problem mate!

Looks like we missed our entry by 0.6p
There should be another push higher (late buyers entering)
We should get filled off this short term momentum IMO

Essentially i'm now trying to sell into stops above the last 1hr high..
These things don't work out all the time, so as usual - i'm keeping my stops tight.
Attached Image (click to enlarge)
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  • #3,747
  • Edited 2:05am Oct 21, 2015 1:47am | Edited 2:05am
Entry worked. Stops rolled to BE +5 (136.25)
waiting for a close below 136 before scaling in..
  • #3,748
  • Oct 21, 2015 6:28am Oct 21, 2015 6:28am
The pair is ranging above 136.00 level, the immediate resistance level can be found at 136.39, break above could lead to further gains.
  • #3,749
  • Oct 22, 2015 1:25am Oct 22, 2015 1:25am
Quoting RBlackburn
I'm targeting a 50-60% pullback which would put us around 135.50 (shown in green) It's also within the range of yesterdays 1hr bull breakout candle (shown in green) {image}
We're trading close to the target but finding buyer's at Today's S2 (135.59)

Downside momentum was strong after this morning's range break-out..
So instead of taking profits, i'm going to play a low hit-rate trade and tighten stops (135.75), waiting for a break below S2.
And then we'll go from there..

135 psych is considered for next target
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  • #3,750
  • Oct 22, 2015 1:27am Oct 22, 2015 1:27am
Looking for break of the 50% fib (135.59) which is also today's S2

1hr close will give me confidence the market is still trending lower..
Attached Image (click to enlarge)
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  • #3,751
  • Oct 22, 2015 1:51am Oct 22, 2015 1:51am
Check 135.81 on the upside... There was significant support there earlier
  • #3,752
  • Oct 22, 2015 2:21am Oct 22, 2015 2:21am
Quoting RBlackburn
Check 135.81 on the upside... There was significant support there earlier
Anybody else catch that? Or am i alone again..

7 traders viewing? make an account man.. comment or subscribe...
Attached Image (click to enlarge)
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  • #3,753
  • Oct 22, 2015 3:57am Oct 22, 2015 3:57am
Try and short again around the S2 - > 135.57
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  • #3,754
  • Oct 22, 2015 3:18pm Oct 22, 2015 3:18pm
The dollar continues to rally against the Euro, the pair broke above 120.50 level and extended its gains towards 121.00 key resistance level. If it mange to do so that would open the doors to more gains.
  • #3,755
  • Oct 26, 2015 8:33am Oct 26, 2015 8:33am
Moving downwards gradually, but if the 14ish stays could be back up. Still holding till weekly 105 is reached
Keep the Lights on then you can catch the rise from the dark.
  • #3,756
  • Oct 26, 2015 4:31pm Oct 26, 2015 4:31pm
On the upside, Eur/Jpy is testing next resistance zone at 133.90/134.00, break above it could extend further gains.
  • #3,757
  • Oct 27, 2015 4:59am Oct 27, 2015 4:59am
the current strength of the jpy at this point especially being under the 14ish for a while could translate the almost certain going to 125 that sellers have been calling for.
Keep the Lights on then you can catch the rise from the dark.
  • #3,758
  • Oct 27, 2015 10:45am Oct 27, 2015 10:45am
no matter what you think we could say that the price of the ej at the moment is gradually cooling off the steam for a bullish display to the bottom 126 still widely in range.
Keep the Lights on then you can catch the rise from the dark.
  • #3,759
  • Oct 28, 2015 4:27am Oct 28, 2015 4:27am
in all attempts the ej has failed to make a newer low but Down side run is still evidence as buyers fail to go above 133.14ish. Base on this price
Keep the Lights on then you can catch the rise from the dark.
  • #3,760
  • Oct 28, 2015 5:17am Oct 28, 2015 5:17am
the break at the bottom is proving to be impossible. lets watch and see whats happen from here
Keep the Lights on then you can catch the rise from the dark.
8 traders viewing now