Go Back   BabyPips.com Forex Forum > The Currency Spot > "Currency Crosses" > EURJPY
EUR-JPY -Anyone else see a short setting up? EUR-JPY -Anyone else see a short setting up?
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read Chat Room


EURJPY Discuss market action in the Euro versus the Japanese Yen.

Reply
Page 1 of 2 1 2 >
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 04-23-2008, 12:19 PM
Superior Master Contributor and Member
  

Join Date: Apr 2008
Posts: 926
Default EUR-JPY -Anyone else see a short setting up?
Last 3 days, cannot get past 165, euro is not showing strength today against the dollar which seems stronger. All 3 jpy pairs going up at the moment but not convincingly. Anyone have input on what the fundies are saying?
It looks like a relatively low risk short, as a close above 165 on the hourly is less than 40 pips away, downside target could be much more than that.

Any comments?
Reply With Quote
  #2 (permalink)  
Old 04-23-2008, 12:23 PM
Superior Master Contributor and Member
  

Join Date: Feb 2008
Location: The Caribbean, Jamaica
Posts: 569
Send a message via MSN to cadarkitek Send a message via Yahoo to cadarkitek Send a message via Skype™ to cadarkitek
Default
I think its setting up to break 165.00 as we speak.
Reply With Quote
  #3 (permalink)  
Old 04-23-2008, 12:34 PM
Superior Master Contributor and Member
  

Join Date: Apr 2008
Posts: 926
Default
Why?
Fundamental reason, or something on the chart that I am not seeing??

More input please
Reply With Quote
  #4 (permalink)  
Old 04-23-2008, 01:33 PM
Superior Master Contributor and Member
  

Join Date: Feb 2008
Location: The Caribbean, Jamaica
Posts: 569
Send a message via MSN to cadarkitek Send a message via Yahoo to cadarkitek Send a message via Skype™ to cadarkitek
Default
Quote:
Originally Posted by 4xStar View Post
Why?
Fundamental reason, or something on the chart that I am not seeing??

More input please
Its moving choppy at the moment, but price bounce of an uptrend line on my 1hr chart move up about 66pips(164.72), looking for it to move another 60pips up to complete an "A,B,C,D".
Reply With Quote
  #5 (permalink)  
Old 04-23-2008, 01:52 PM
Superior Master Contributor and Member
  

Join Date: Apr 2008
Posts: 926
Default
OK, thanks for that .. I am still learning
Reply With Quote
  #6 (permalink)  
Old 04-24-2008, 09:00 AM
Superior Master Contributor and Member
  

Join Date: Apr 2008
Posts: 926
Default
I shorted at 164.84 and exited at 163.96, good enough Would have loved to have held overnight, but .. I don't trust myself enough yet to hold through news... oh well, I think the euro is shortable on any good bounce for awhile.
Reply With Quote
  #7 (permalink)  
Old 04-24-2008, 09:26 AM
Superior Master Contributor and Member
  

Join Date: Feb 2008
Location: The Caribbean, Jamaica
Posts: 569
Send a message via MSN to cadarkitek Send a message via Yahoo to cadarkitek Send a message via Skype™ to cadarkitek
Default
Quote:
Originally Posted by 4xStar View Post
I shorted at 164.84 and exited at 163.96, good enough Would have loved to have held overnight, but .. I don't trust myself enough yet to hold through news... oh well, I think the euro is shortable on any good bounce for awhile.
Congrats. I'm still anticipating a "real" bullish move above 165.00.
I have a short position open +50pips, Its creating a nice little downtrend, hopefully it stays down.
Reply With Quote
  #8 (permalink)  
Old 06-27-2008, 09:15 AM
Newbie
  

Join Date: Jun 2008
Posts: 10
Default
4xStar,

Any update on your EUR/JPY short?
Reply With Quote
  #9 (permalink)  
Old 06-27-2008, 09:24 PM
Andrewunknown's Avatar
Superior Master Contributor and Member
  

Join Date: Dec 2007
Location: The United States of America
Posts: 577
Default
Quote:
Originally Posted by goldbug View Post
4xStar,

Any update on your EUR/JPY short?
Yep; two months ago:

"I shorted at 164.84 and exited at 163.96, good enough"
Reply With Quote
  #10 (permalink)  
Old 06-29-2008, 08:58 AM
Banned
Senior Member
  

Join Date: Jun 2008
Location: Singapore
Posts: 208
Default
I'm planning to short on rebound.
Reply With Quote
Reply
Page 1 of 2 1 2 >



« Previous Thread | Next Thread »
Thread Tools
Display Modes
Hybrid Mode Hybrid Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

All times are GMT -4. The time now is 02:17 AM.
Content Relevant URLs by vBSEO 3.3.1
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do."
Bob Dylan
Feedback Form