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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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fxtech wrote:TRADE UPDATE ON EURJPY,
I still hold a bullish view as I had posted earlier,
AUDJPY, high probability that it will keep the bullish momentum, Yen crosses will rally for weeks. As long as USDJPY has broken above 200 day SMA & BoJ selling yens, the yen is poised to weaken in the medium term.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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hisah wrote:fxtech wrote:TRADE UPDATE ON EURJPY,
I still hold a bullish view as I had posted earlier,
AUDJPY, high probability that it will keep the bullish momentum, Yen crosses will rally for weeks. As long as USDJPY has broken above 200 day SMA & BoJ selling yens, the yen is poised to weaken in the medium term. @Hisah then we will be looking for opportunities and setups to buy AUDJPY, EURJPY & GBPJPYDiscipline & sticking to your strategy even when you loosing defines great traders.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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seems we are back to buyin' on dips !
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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QW25091985 wrote:seems we are back to buyin' on dips ! Expect the gaps to be filled in the US session.  “small step for man”
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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Ceinz wrote:QW25091985 wrote:seems we are back to buyin' on dips ! Expect the gaps to be filled in the US session. wait until Frankfurt open this thing will jump 50 pips . lol that gap on euro$ is also complicating stuff ...i hope it doesnot fall...
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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QW25091985 wrote:Ceinz wrote:QW25091985 wrote:seems we are back to buyin' on dips ! Expect the gaps to be filled in the US session. wait until Frankfurt open this thing will jump 50 pips . lol that gap on euro$ is also complicating stuff ...i hope it doesnot fall... @QW Yah the gaps are complicating stuff today, most pairs got gaps, bt again it's an opportunity to get fresher setups Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Ceinz wrote:QW25091985 wrote:seems we are back to buyin' on dips ! Expect the gaps to be filled in the US session. Looks like they will be filled much earlier. “small step for man”
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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QW25091985 wrote:Ceinz wrote:QW25091985 wrote:seems we are back to buyin' on dips ! Expect the gaps to be filled in the US session. wait until Frankfurt open this thing will jump 50 pips . lol that gap on euro$ is also complicating stuff ...i hope it doesnot fall... i told you so . now i dnt even know whats up ! but let it be filled we find better long setups
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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QW25091985 wrote:QW25091985 wrote:Ceinz wrote:QW25091985 wrote:seems we are back to buyin' on dips ! Expect the gaps to be filled in the US session. wait until Frankfurt open this thing will jump 50 pips . lol that gap on euro$ is also complicating stuff ...i hope it doesnot fall... i told you so . now i dnt even know whats up ! but let it be filled we find better long setups US session it will be. “small step for man”
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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QW25091985 wrote:Ceinz wrote:QW25091985 wrote:QW25091985 wrote:am long euro ! waiting to go up coz of 4 hr stochastic divergence . hopes it works out ! lol ! reverse that ! Euro long term bull, might rally t0 1.39, in a few weeks coming. @ ceinz . you plan is coming into place . lol Looks like this thing is headed to the moon. We need a lunar lander.  “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The worst price gaps always happen in asia session and always point to a selling bout for some few days or weeks. Looking at the behaviour of Nikkei and HSI today, the morning session had huge price gaps and by the time the markets closed, all the gaps had been filled closing the day with very nasty dark candlesticks. Expect selling for a few days this week across board. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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Ceinz wrote:QW25091985 wrote:Ceinz wrote:QW25091985 wrote:QW25091985 wrote:am long euro ! waiting to go up coz of 4 hr stochastic divergence . hopes it works out ! lol ! reverse that ! Euro long term bull, might rally t0 1.39, in a few weeks coming. @ ceinz . you plan is coming into place . lol Looks like this thing is headed to the moon. We need a lunar lander. but lookn at the macd and rsi and all that they look so nasty and overbought ..i think we will have a big fall to close the gap !
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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QW25091985 wrote:
but lookn at the macd and rsi and all that they look so nasty and overbought ..i think we will have a big fall to close the gap !
time for shorting is now. “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Most yen pairs on the daily look like this - evening star doji... bearish reversal setup confirmed. To make it worse the RSI is overbought and the abandoned baby aka dragon fly candle is outside the upper bollinger bands.   http://www.candlesticker.com/Cs73.asp$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:hisah wrote:I'll be adding more short term yen shorts on CADJPY, AUDJPY and GBPJPY in US session.
CADJPY - 80.00
GBPJPY - 125.50 - 126.00
AUDJPY - 85.50 - 86.00 GBPJPY short @125.65, AUDJPY short 85.51 & USDJPY short @79.30. Lot size 0.2 for the 3 positions, too overbought... Targets open for now.
Will ignore EURUSD for now.
Trade update - NZDJPY short @66.30 got stopped out @67.00 which was the SL after yesterday's ugly gap ups in asia session - 243 pips loss on lot size 0.3. Only AUDJPY is in slight profit of all the short positions.
I still fancy a sizable reversal at this point and will add onto the short GBPJPY, new short @126.50 lot size 0.1 and renewing NZDJPY short @66.80 lot size 0.2. These are risky trades that require steel balls for now, but the technical setups point to profitable reversals of at least 150pips before bullish momentum continues. Also note that these are short term trades for playing the reversal coming soon, but the medium structure on yen crosses has now turned bullish. Once the correction is over I will update the long trades when taken and add them to the long term trades list which includes short AUDCHF, AUDCAD, NZDCHF and NZDCAD. Yep, I'm a kiwi bear as well as a yen bear and soon to add aussie bear. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Oil swiftly coming off overbought levels as well as yen crosses - yen shorts all in the money except USDJPY. Tomorrow morning I'll be short Nikkei and HSI at 9420 and 21300 respectively. @fxtech - are you watching AUDUSD... This thing had better get a grip before the bears get in control. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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hisah wrote:Oil swiftly coming off overbought levels as well as yen crosses - yen shorts all in the money except USDJPY. Tomorrow morning I'll be short Nikkei and HSI at 9420 and 21300 respectively.
@fxtech - are you watching AUDUSD... This thing had better get a grip before the bears get in control. @Hisah am keeping tabs with AUDUSD, but on EURJPY I still Hold BULL EURAUD good bull trade, possible 150pips up Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: Member Joined: 5/31/2010 Posts: 325 Location: NAIROBI
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SHORT GBPJPY @ 125.82, TP 120pips, SL 40 Pips Discipline & sticking to your strategy even when you loosing defines great traders.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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trade on eur$ long lol... target 50 pips
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Oil swiftly coming off overbought levels as well as yen crosses - yen shorts all in the money except USDJPY. Tomorrow morning I'll be short Nikkei and HSI at 9420 and 21300 respectively.
@fxtech - are you watching AUDUSD... This thing had better get a grip before the bears get in control. Oil moves just mirror 2008 madness! Just defying logic and gravity! I had to cancel the Nikkei and HSI short trades in asia session to stand aside from this madness. Nikkei is extremely overbought on the daily.
@fxtech - I hope you have balls to hold onto the GBPJPY short. The beast usually makes wild moves and standing infront of this train can make one sweat plasma! USDJPY now tests 80 despite all the buy extremes and the reversal hints, overbought is an understatement! Still holding the short. When blow offs finally reverse, it is swift...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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