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USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedHi I have a question about Pivot Points? According to todays numbers Support Level 1 is approximately 115.64ish, would we place a long trade here w/ a SL at 50% 115.30ish and a PT of 116.00ishIgnored
DislikedSince you're trading a support-test in a downtrend, I'd lower the SL to a point just below the S1. Yes, it did retrace off S1, but if you look at yesterday for example, similar situation - however price broke the daily, S1, and S2 in one fell swoop.
Conservative initial PT could be the midpoint of the daily and S1 at 115.82.Ignored
DislikedI see what your trying to say. 55 and 100 hour SMA are also around 115.90 so that will act as resistance too. I am currently long at 115.70 w/ PT at 116, SL at 115.30 what do you guys think about it???Ignored
DislikedI think u r in a fairly decent position.
Its fighting real hard to push upwards.
Maybe u could consider a "no-loss" stop... since the last down was in the 70 area. My 2 cents ya... cheers.Ignored
DislikedPolish
I trade eurjpy too sorry for asking this here would you by any chance have the support and resistance levels for this pair?Ignored
DislikedI don't trade EURJPY so I'm afraid I cannot help you.However,I've just checked EURJPY chart and I see 61.8% fib level at 156.76 and 38.2% at 156.72.They are the closest supports right now
P.S
As for USDJPY there is 38.2% fib level at 115.55 which is acting right now as support (this is very long-term fib level)Ignored
DislikedPolish I think you really understand your job better than me. I just took a trade using my live account and I banked 25 pips. I still need some serious work on fib levels and pivot points. If u don't mind, I don't wanna ask you everyday I wanna learn how to do them. Please show me a few charts and I will take it from there.Ignored
DislikedHuge reaction on Pending Home Sales - we broke through this trendline I mentioned above so it might be some serious trend change.
On the other hand most of the indicators on all timeframes are oversold so I don't foresee it dropping sharply.
Right now I see 114.99 level which is 38.2%fib,115.00 as psychological level and 114.92 as R2 - these are all supports.
I need to see the open and close below this trendline (on higher timeframes) for confirmation.
P.S
What you think guys ?Ignored
DislikedHuge reaction on Pending Home Sales - we broke through this trendline I mentioned above so it might be some serious trend change.
On the other hand most of the indicators on all timeframes are oversold so I don't foresee it dropping sharply.
Right now I see 114.99 level which is 38.2%fib,115.00 as psychological level and 114.92 as R2 - these are all supports.
I need to see the open and close below this trendline (on higher timeframes) for confirmation.
P.S
What you think guys ?Ignored