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EUR JPY
Member Since Nov 11, 2012
11 posts
Nov 21, 2012 at 13:17
What is your thoughts about EUR / JPY at this moment, where will it turn? Buy or sell?
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forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Nov 21, 2012 at 15:04
(edited Nov 21, 2012 at 15:09)
wait until the retacement starts,overbought teritory,passed the 61.8 fiber won't last long ,will come back soon,so no moves on middle term trading for now ,but short term is a buy
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Nov 21, 2012 at 15:11
here is the topo
Member Since Nov 11, 2012
11 posts
Nov 21, 2012 at 22:15
ok, thanks for your info. At what point shall i start to take short positions?
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forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Nov 21, 2012 at 22:51
(edited Nov 21, 2012 at 23:17)
nope,i'd wait until retracement begins,h4 rsi must turn down before,maybe on the verge...wait tomorrow ,will be clearer,there is a chance that it goes to 100% retracement ,so on hold on for now,when it's time to go short i' tell you,but for now a clear buy in super overbought territory,it could take a few more days but that will be a nice trade
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Nov 21, 2012 at 23:22
(edited Nov 21, 2012 at 23:31)
look at my chart,i need to wait until there is a clear confirmation from my indicator,needs to wait that the blue line crosses the red one ,then it will be a safe trade
don't forget ,thanks giving is tomorrow all the majors us banks will be closed so it wil be a more dangerous time for trading...
don't forget ,thanks giving is tomorrow all the majors us banks will be closed so it wil be a more dangerous time for trading...
Member Since Nov 11, 2012
11 posts
Nov 22, 2012 at 07:12
http://www.myfxbook.com/members/Davidii111/fx2sweden/426087 this is my chart, im running martingale EA here. What should i do if the DD exceeds 50%, stop the EA and start to hedge? any ideas?
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Member Since Nov 11, 2012
11 posts
Nov 23, 2012 at 17:08
rob559 whats your thoughts today bout EUR / JPY?
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Member Since Nov 11, 2012
11 posts
Nov 23, 2012 at 17:08
I have totally 22.5 Lots open of EUR / JPY sell positions. So if i for example would put right now lot 22.5 for buy i would be safe until i know more clearly where the market is going?
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Nov 23, 2012 at 17:49
Oh my, this is a very bad situation. I think very few here can help solve your problem. If you wish to stop the losses while you figure out what to do it would probably be better to just kill the positions. Ultimately it is the NAV and not the balance that is important. By taking out another 22.5 lots you are going to lose a few more thousands in spread. That said, if I had 10-20 more times capital to behind, I would just wait it out, no prob. Whatever, dump the EA.
Member Since Nov 11, 2012
11 posts
Nov 23, 2012 at 18:18
I put in 70 000 more, hope it will turn soon?
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Nov 23, 2012 at 20:30
Davidii111 posted:
I put in 70 000 more, hope it will turn soon?
Respectfully, I do not normally tell anyone how to trade, as we must find our own way, but I do think that your leverage is way too high, certainly too high for another leg on your martingale. As it stands, looks like you will drop over 60k every 100p. It will turn at some point of course (who knows when), but at the moment I think we are looking at a macro trend likely to persist till the December elections. The yen is my preferred currency and I am quite familiar with it, but my method has nothing to do with charts or prediction - more of a statistical arbitrage or market making system. I'm sure there are some technicians around who can throw out some support, resistance and what not levels for you. Good luck!
Member Since Oct 15, 2012
32 posts
Nov 27, 2012 at 08:33
I think the yen is going to drop until Jan 2013.
The Fine Art of Investment
Dec 10, 2012 at 19:46
Good day all. Today I placed my first trade on this pair, and it went very well. I love the sharp reversals which this pair has. It is wonder full for scalpers like myself who use pending orders to catch those quick reverses on the 1m candle. I am looking forward to posting more on this thread. EUR/JPY ROCKS! I have my account linked to this website, for all to see the trade which I placed.
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Dec 10, 2012 at 21:58
(edited Dec 10, 2012 at 21:59)
the overall picture (day trend)confirms that it will retract to 104.67 wich is fibo 61.8,at what speed ?not sure ,volatility is supposed to drop.... but not a buy, midle term analysis
forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Dec 10, 2012 at 22:06
topo
Member Since Nov 11, 2012
11 posts
Dec 12, 2012 at 17:59
When do you think it will start to fall? waiting almost 1 month soon :p
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forex_trader_29148
Member Since Feb 11, 2011
1768 posts
Dec 12, 2012 at 20:39
possible climb until 111.21
