- #59,841
- Apr 19, 2016 7:26am Apr 19, 2016 7:26am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #59,849
- Apr 20, 2016 10:38pm Apr 20, 2016 10:38pm
EMA 21, 110.186, is the level to watch. Long now to that EMA, or when price retraces to that point, short to continue downtrend.{image}
When i posted, price was 108.86. It went up as observed to 109.893 before returning to 109.730 at time of post.
For those who followed, a good 100pips before retracing back to 80+pips at time of post.
However if one(like myself) is out of this trade, its better to stay on the sidelines before a clearer PA signal is given. Reason being price hasnt reach EMA 21 resistance, and there isn't any false breakout in sight. (daily timeframe) [i may be wrong. There's no definite in trading.
]Will update if there's one!
Peace
I hold a 8-5 job. I trade 90% daily, 10% H4; 90% technical, 10% fundamental
- #59,850
- Apr 21, 2016 12:07am Apr 21, 2016 12:07am
{quote} Will slow down @ 109,50 before going up again i think
Now let's see if it moves further north
Buy limit @ 109,70
SL 109,45
TP 111,00
All analysis on weekly - daily - H4 (entry) TF
- #59,853
- Apr 21, 2016 1:49am Apr 21, 2016 1:49am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Hello Everyone.
Thank you for the work you are doing here. I have never been in your conversation so was quite interested when i stumbled across it today.
Please allow me to share a trade I posted on tradingview.com on sunday before the markets opened, on the USDJPY
Thank you for the work you are doing here. I have never been in your conversation so was quite interested when i stumbled across it today.
Please allow me to share a trade I posted on tradingview.com on sunday before the markets opened, on the USDJPY
Be careful what you think because your thoughts run your life..Solomon
- #59,854
- Apr 21, 2016 1:58am Apr 21, 2016 1:58am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #59,857
- Apr 21, 2016 9:45am Apr 21, 2016 9:45am
- Joined Mar 2012 | Status: Trader | 1,982 Posts
Little bit of analysis.
You can see USDJPY did a double bottom on the 1h, bouncing off uptrend support.support.
This support is even more evident on the 4h chart, where we can see a hammer candle bouncing off
However it hasn't been able to clear the 100 day ema, and it's rather sandwiched between the two.
Down or up? I'm not really sure myself, probably biased more towards 110/111.
You can see USDJPY did a double bottom on the 1h, bouncing off uptrend support.support.
This support is even more evident on the 4h chart, where we can see a hammer candle bouncing off
However it hasn't been able to clear the 100 day ema, and it's rather sandwiched between the two.
Down or up? I'm not really sure myself, probably biased more towards 110/111.
- #59,858
- Apr 21, 2016 11:01am Apr 21, 2016 11:01am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
{quote} Yea I said fanciful indicators. I didn't say I don't use indicators.
- #59,859
- Apr 21, 2016 11:34am Apr 21, 2016 11:34am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
{quote} So how do you see this pair near term?
So sorry about the delay in responding to your question, its been a bit of a busy day.
I have answered your question on the chart below
best wishes
Be careful what you think because your thoughts run your life..Solomon