EUR.JPY

[dumbass]

one nights sleep is a long time in the markets , yet i will have nothing bad said about the yen crosses . i love em theres always something happening
stopped out for a big fat zero , yes i could set tight stops but on the yen crosses you will more or less certainly get stopped and miss the big move

main position stop sitting at 163 from 164 entry

have entered again just now on bearish gartley on hourly and trendline resistance at 162 30 sl 163

fingers crossed

[peat]

yeh that was a nasty move back DA - think I jinxed it for ya , it turned straight after my post :o

good to hear you had it covered to prevent actual pain tho and that your enthusiasm is undaunted. thats one thing about forex - no shortage of opportunity

and yeh you're right thats a perfect .618/.786 gartley

[dumbass]

certainly got the reciprocal midas touch this week

hanging on with this trade close to getting stopped out for a pathetically small amount

have promised to have a tighter stop if the patron saint of forex lets me have another chance

161 will get me to fiji but looks like i need a dow jones melt down to get me on the plane

[dumbass]

technical question

eur jpy has tested 163 on multiple occasions and been repelled

is this resistance viewed as getting more formidable or is viewed as getting weaker with

each attack

my personal view is weaker but interesting to here views

ps no scary images just a chart honest

[peat]

i remember reading somewhere recently that the longer a chart takes to break through resistance then the more explosive the movement will be. but that isnt exactly what you're asking right now.
I guess what I am saying tho is that if it does break (either way) it will be well worth following

[arco]

Quite an interesting pattern on the longer time frames.....

Anyway, I'll be away for a few weeks....so the action will play out
without me.....

regards - arco

[roddy]

Hi Peat,
watching this one for possible reversal,it touched 169 this morning after FOMC,

[dumbass]

bullish count seems to point to a multi month triangle with 5 waves labelled a - e

there was an impulsive 5 wave break out labelled 1

and now waiting to see where abc wave 2 correction will complete

only a possibilty but price now hitting triangle boudary with some fib cluster

no real confidence but just maybe a rally from 163 ? what do you think guys

[dumbass]

do you favour eir jpy over eur usd miner ?

im having a look at a long eur jpy

[miner]

Hi Dumbass yep most of the time as eur/jpy has more movement therefore giving trading opps,eur/usd can like usd/chf go sideways allot,so harder to pick which way they will break(but in saying that they both have been good lately).

So eur/jpy easier to pick and usually with bigger pip moves,watching both at the mo as they are moving in tandem,been long a few times today but break even stop keeps getting hit,long again at the moment,162.50 may have been an ok long number today,see how we go.

Cheers
Miner