Thread: GBP and JPY Pairs H1 2013

looking for long shortly if breaks back in the channel

heh last few pages were people saying I shorted at 1.38x etc etc.. now everyone is like im buying the dip for 1.4, which tells me I should watch for the drop today from S and P 500 causing the Euro to go with her.

Contrarian

I was scalping e/u yesterday and I'm doing the same today. Asian trading was some what boring but since things have improved.

Too many people now siding the bulls and even the bears are becoming skeptical of their view! With charts such as "not much resistance over 3880s seem very appealing".

I am refraining from calling the top and scalp my way lower as I am a bear so short scalps for me.

Happy trading everyone.

Originally Posted by Lagune

heh last few pages were people saying I shorted at 1.38x etc etc.. now everyone is like im buying the dip for 1.4, which tells me I should watch for the drop today from S and P 500 causing the Euro to go with her.

Contrarian

Too bad the forum doesn't have a 'like' button like those social network sites. I agree. 1.3750 daily close would be a dark cloud cover pattern. I am fond of betting against the crowd.

It appears that 1.38 is support for the current uptrend seeing we broke through that level. Looking at my chart. hourly candle below maybe time for small short to test 1.3740..What are your thought?

Attachment 77589

Could be headed lower.
But I'm thinkin, If it breaks out of this channel, go with the flow.

...perhaps much lower?

Originally Posted by martyman13

...perhaps much lower?

should be above 1.374x, use it as opportunity to load long for 1.39x target
GL

#EurUsd 4H updated at 1438 gmt #EurUsd 4H updated at 1438 gmt on Twitpic

Its early for the next delta turning point but I believe it will come on or before Feb 8 which is the intersection of the upward trend and longer term downward trend lines

Looks like recent history wouldn't stop repeating itself. When a market is closed the remaining market is quickly set to the Trend. That's how it works. I strongly feel EUR/USD shall close in gains irrespective of data. Not a day's respite.

Most traders will be focused on the two main events of the week. Tomorrow we have the European Central Bank meeting followed by the US release of the Nonfarm Payrolls on Friday. Many traders will position themselves in a way to limit their risk to the potential volatility that these releases have a tendency to cause. Some will not be aware of these events and get caught up on the wrong side of the volatility. There are even some that will try to trade in this environment. The last two choices more often than not lead to losing trades. But there are a couple of ways to trade news releases and you can find them in the DailyFX Trading Course, to which all live FXCM have free and complete access and can be found at this link:

DailyFX Trading Course

The login is the same used to access your live FXCM account. Access is free for all live clients. If you are not yet an FXCM client, email us here at instructor@dailyfx.com and we can set you up with temporary access so you can see the type of resources we offer our live account holders.

Good luck with your trading!

Let see if EUR selling happens today.

Originally Posted by Mary R

Its early for the next delta turning point but I believe it will come on or before Feb 8 which is the intersection of the upward trend and longer term downward trend lines

you have been talking about delta all the time, what is it? or any link? good indicator?

Thanks

Originally Posted by FXspeculator

you have been talking about delta all the time, what is it? or any link? good indicator?

Thanks

I wanted to know the same.

Also long the Euro everyone please so my short comes out tasty ^^