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

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  #51 (permalink)  
Old 08-10-2009, 08:48 AM
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yeah. I went short on the Guppy about an hour ago.

Playing the H4 8:00 a.m. candle.
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Old 08-10-2009, 11:08 AM
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That was close, 6 pips away from being stopped out . AUD/JPY doing a better job holding up compared with GBP/JPY.

160.59 on GBP/JPY would be 61% retracement from Friday's move.
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Old 08-10-2009, 11:11 AM
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Originally Posted by zekelogan View Post
yeah. I went short on the Guppy about an hour ago.

Playing the H4 8:00 a.m. candle.
Thanks for the link to your blog

I see you are looking at the exact same retracement I took a look at in my previous post
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Old 08-10-2009, 11:40 AM
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Hilarious, you read my mind.
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Old 08-10-2009, 11:56 AM
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Hilarious, you read my mind.
Hahah, always looking for my exit. But nice trade. Looks like it could test 160.
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Old 08-10-2009, 01:15 PM
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Posted below are daily and 4H charts. I'm looking to buy on reversal candle formations at both levels shown. If price breaks below the 4H past resistance(cyan line) then I'll wait for it to test the daily.
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  #57 (permalink)  
Old 08-10-2009, 04:15 PM
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Originally Posted by Jason Rogers View Post
Thanks for the link to your blog

I see you are looking at the exact same retracement I took a look at in my previous post

No prob, thanks for looking

There's your bounce at 160, as we speak.

Trying to decide to trade London or New York tomorrow...
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Old 08-10-2009, 04:19 PM
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Posted below are daily and 4H charts. I'm looking to buy on reversal candle formations at both levels shown. If price breaks below the 4H past resistance(cyan line) then I'll wait for it to test the daily.
Stopped out of course at break even, oh well. Will wait for a retrace to about 80.25.

Seems like GBP/JPY may be the better pair to watch for now until AUD/JPY retraces or I feel more comfortable with it. So for now, no trades for me until at least tomorrow morning.
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Old 08-10-2009, 05:43 PM
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Stopped out of course at break even, oh well. Will wait for a retrace to about 80.25.

Seems like GBP/JPY may be the better pair to watch for now until AUD/JPY retraces or I feel more comfortable with it. So for now, no trades for me until at least tomorrow morning.
I'd rather see my P/L stay the same than go down any day!
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Old 08-11-2009, 12:17 PM
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No trade, but watching for a break in AUD/JPY. Failure to breakthrough 79.50. Probably see stalling around this area before any potential break.


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