Seriously good drop in EUR/JPY! Congrats to anyone that manged to trade it. Things are oversold but I would never ever considered to buy just because we are oversold.
If I am lucky we will get a bounce overnight so we can go short again.
The trade worked out just as planned. I risked 39 pips to make 161 pips. That's how we make the big bucks. I took my profit because after the EU started talking I had a feeling this may be a day of bullish tape bombs. I didn't want to hold my position through that.
Been a long time since I came to the forum ... nice to see it active and kicking ... have shorts on EURUSD ... and enjoying the ride...
Hello Maratha!
Welcome back. I can see that you joined already in 2005 - I am fairly new to the US forum but we are trying to make it the best forum in the English speaking world.
Hey Alejandro, I wanted to thank you for charting and discussing the Yen majors. Your analysis on Yen Pairs in your Spread Betting webinar will no doubt liven this thread up a bit. Plus, I like to mainly trade these pairs
Need to wait for a consolidation or pull back. As this chart shows we are near the bottom end of the channel. Just follow this channel at least until the Greece elections.
Need to wait for a consolidation or pull back. As this chart shows we are near the bottom end of the channel. Just follow this channel at least until the Greece elections.
Cool makes sense - so close to 99/100 would be a go short then - let us know how it goes - I am terrible keeping positions long term - want to start to do it more often.
London session review and outlook May 30 - 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.
Regards
Alejandro Zambrano
Currency Strategist | DailyFX Forum (London) azambrano@fxcm.com
Joining DailyFX Forum is free and offers an extended range of features, including: Replying to other peoples' threads and receiving email notification of replies to posts and threads you specify. Click here to join.
Yep I'm new to the forum...
I see a real opportunity here to pick up some quick pips...
Long EUR/JPY 97.89
Long GBP/JPY 122.46
Demark sequential buy signals all over the place on 5m 15m 30m 1h 1d 1w and 1m charts...
One of the best buying areas in years.
Looks to me to be one final flush out.
hugh
Yep I'm new to the forum...
I see a real opportunity here to pick up some quick pips...
Long EUR/JPY 97.89
Long GBP/JPY 122.46
Demark sequential buy signals all over the place on 5m 15m 30m 1h 1d 1w and 1m charts...
One of the best buying areas in years.
Looks to me to be one final flush out.
hugh
A move like the red circle would be a good short entry. It could be coming. But without some catalyst, sell off may continue. But I do agree wave 4 up is coming. Then lower lows. Good luck. Sentiment is long. So I stay short.
Yep I'm new to the forum...
I see a real opportunity here to pick up some quick pips...
Long EUR/JPY 97.89
Long GBP/JPY 122.46
Demark sequential buy signals all over the place on 5m 15m 30m 1h 1d 1w and 1m charts...
One of the best buying areas in years.
Looks to me to be one final flush out.
hugh
Listen he has a lot of trading experience. I have learned a lot from Alejandro. Indicators on a lot of pairs show oversold. But we go lower. Bear market! The US markets are ready to sell off again tomorrow. It is better to go with the trend. Look for an up move to go short. When the trend changes we can all change with it. Good luck
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Originally Posted by Tradingisfun30 
