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Daily EUR/JPY analysis

  • #61
  • Aug 22, 2006 9:11am Aug 22, 2006 9:11am
Have been feeling some strong upward momentum over the last few week... All my short trades have been cut a little short.

Anyone have any thoughts on this one?
  • #62
  • Aug 22, 2006 3:30pm Aug 22, 2006 3:30pm
Yeah, look at the longer term charts and go with the trend instead of against it.
I dream, therefore I become.
  • #63
  • Aug 22, 2006 7:03pm Aug 22, 2006 7:03pm
Talk about a trend, damn nice one. Wish I get in this one in Nov 05, nice clean upward trend, small burps here and there, nothing drastic for the long ter. Its been trading at the top BB steady for thw whole month of August. Daily chart as reference. I would post it here but newbie here, not sure how to.

This has go to pop eventually but on the other hand The Trend is your Friend right. Thoughts.

Mike
  • #64
  • Aug 22, 2006 7:09pm Aug 22, 2006 7:09pm
Quoting mappollo69
This has go to pop eventually but on the other hand The Trend is your Friend right.
Mike
Until it bends.
I dream, therefore I become.
  • #65
  • Aug 22, 2006 8:01pm Aug 22, 2006 8:01pm
The trend is your friend until it bends, perfect. I love forex.

tks


Quoting mike w
Until it bends.
  • #66
  • Aug 23, 2006 3:52am Aug 23, 2006 3:52am
Fairly textbook uptrend, indeed...

The double-top on August 17th was just too good to resist, though! Shorted 50pips out before it resumed the uphill struggle.
Attached Image
  • #67
  • Aug 27, 2006 6:27pm Aug 27, 2006 6:27pm
The Eur/Jpy is heading for a break to 150. Strong Psychological barrier ahead but. Its gona break very soon. If you have your doubts sit this one out but if you see it coming go long at the Eur/Jpy.

Long Postion Estb @ 149.62

Good Luck, everyone.
There are those who know, and there are those who don't know.
  • #68
  • Aug 27, 2006 7:32pm Aug 27, 2006 7:32pm
No charts or anything just hyperbole?
  • #69
  • Aug 27, 2006 7:33pm Aug 27, 2006 7:33pm
who needs a chart when there has been a year long trend.
charts are for entry/exit only.

I went long on this one at 148.31
  • #70
  • Aug 27, 2006 7:38pm Aug 27, 2006 7:38pm
Quoting coon_70
who needs a chart when there has been a year long trend.
charts are for entry/exit only.
I went long on this one at 148.31
But keep eye on charts because some times charts are needed for exit.

kolachi
  • #71
  • Aug 27, 2006 7:43pm Aug 27, 2006 7:43pm
Rumor has it that about 5 yards in stops are sitting just beyond 150. Thats a hell of a payday if they can be taken out.
  • #72
  • Aug 27, 2006 7:47pm Aug 27, 2006 7:47pm
Well, if anyone would know, you would. Shhhh, be vewy, vewy quiet, we're hunting wabbit stops...


Quoting Darkstar
Rumor has it that about 5 yards in stops are sitting just beyond 150. Thats a hell of a payday if they can be taken out.
  • #73
  • Edited 8:08pm Aug 27, 2006 7:47pm | Edited 8:08pm
Quoting Darkstar
Rumor has it that about 5 yards in stops are sitting just beyond 150. Thats a hell of a payday if they can be taken out.
what do you mean by 5 yards?
just a bunch of them?

ah hmm billion. nm
  • #74
  • Aug 27, 2006 7:54pm Aug 27, 2006 7:54pm
A trend can change any day. And the EURJPY and GBPJPY has a tendency to rise slowly and fall like a rock.



Quoting coon_70
who needs a chart when there has been a year long trend.
charts are for entry/exit only.

I went long on this one at 148.31
  • #75
  • Aug 27, 2006 7:58pm Aug 27, 2006 7:58pm
Quoting Darkstar
Rumor has it that about 5 yards in stops are sitting just beyond 150. Thats a hell of a payday if they can be taken out.
Would that be enough to force the price back down? Perhaps a good place to go short?

My order board has gone blank, but I thought I saw something about that there. Is this where you're getting the info? IFX?

Jason
  • #76
  • Aug 27, 2006 8:04pm Aug 27, 2006 8:04pm
I thought this option related stuff had expired on Friday? At least that is what I have read.



Quoting Darkstar
Rumor has it that about 5 yards in stops are sitting just beyond 150. Thats a hell of a payday if they can be taken out.
  • #77
  • Aug 27, 2006 8:10pm Aug 27, 2006 8:10pm
Quoting Yardie
A trend can change any day. And the EURJPY and GBPJPY has a tendency to rise slowly and fall like a rock.
you are right, Eur/Jpy but its to strong to change course. and its only getting stronger with it being at 149.74 at the moment as more and more buying piles up on it. Eur/jpy is very depandable currency even though hard to belive it is!
There are those who know, and there are those who don't know.
  • #78
  • Aug 27, 2006 8:13pm Aug 27, 2006 8:13pm
Dependable? All it needs is some hawkish mumbling out of Japan to send it tumbling.



Quoting palabara
you are right, Eur/Jpy but its to strong to change course. and its only getting stronger with it being at 149.74 at the moment as more and more buying piles up on it. Eur/jpy is very depandable currency even though hard to belive it is!
  • #79
  • Aug 27, 2006 8:21pm Aug 27, 2006 8:21pm
Quoting Yardie
Dependable? All it needs is some hawkish mumbling out of Japan to send it tumbling.
Well, if you look at it like this. Look at the EUR look at the JPY and the sterling and any of the currencys! Any mumbling sends them tumbling.
There are those who know, and there are those who don't know.
  • #80
  • Aug 27, 2006 8:33pm Aug 27, 2006 8:33pm
But not as much as the eurjpy and gbpjy pairs. I remember afew months ago at a G7 Finance meeting..a few people said that the Asian currencies need to strengthen ahd the eurjpy dropped 300 pips in less than 24 hours.



Quoting palabara
Well, if you look at it like this. Look at the EUR look at the JPY and the sterling and any of the currencys! Any mumbling sends them tumbling.
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