eur/jpy potential sell

[Biggo]

Interesting scenario on eur/jpy Advanced abc on Weekly & Daily Charts.. Plus ts3 on 240 min.
The last bar on the 240 chart has negated the trade at the moment but may be worth watching

Cheers

[soap3000]

Hi Biggo,

I posted this setup on Friday (on the red reversal): :D

http://www.mtptrader.com/showthread.php?t=417&page=2

NHN123 had a look and correctly pointed out that on the daily the story tells a slightly different picture. Embarking on wave 5 long. :confused:

The next bar confirmed this. His advice to be cautious on this one was well received.... :)

[soap3000]

Biggo
eur/jpy potential sell

Interesting scenario on eur/jpy Advanced abc on Weekly & Daily Charts.. Plus ts3 on 240 min.
The last bar on the 240 chart has negated the trade at the moment but may be worth watching

I will be watching though as I think once this pair decides which direction it's going there will be plenty of momentum ;)

[Biggo]

Hi Biggo,

I posted this setup on Friday (on the red reversal): :D

http://www.mtptrader.com/showthread.php?t=417&page=2

NHN123 had a look and correctly pointed out that on the daily the story tells a slightly different picture. Embarking on wave 5 long. :confused:

The next bar confirmed this. His advice to be cautious on this one was well received.... :)

Hi Soap

I apologize for duplicating your posts. I must admit I only look at the last page of posts on the "forex" thread so must have missed your post.

I find the "forex" thread in the "trade of the day" forum quiet disjointed & unstructured & often miss things

Cheers

Biggo:)

[Sejake]

Hi there, interesting thread here....re EURJPY.

I've been watching the 240 min TS3 and am giving it a shot here.

In order to reduce my initial risk I've reduced the time frame to 1 hr and will work off that.

Was just filled and will see what happens. Stop just above recent pivot high.

[soap3000]

Hi Soap

I apologize for duplicating your posts. I must admit I only look at the last page of posts on the "forex" thread so must have missed your post.

I find the "forex" thread in the "trade of the day" forum quiet disjointed & unstructured & often miss things

Cheers

Biggo:)

Hey Biggo - no apologies necessary. I find it disjointed also. Not to take anything away from Durgesh, the 'trade of the day' thread is really his alone...

I'll post my forex setups here from now on.

Sejake - good trading - i'll be watching today also.

We're either all Antipodeans or like staying up late/getting up early it seams :)

[Sejake]

Lot's of reasons in the 240 min to support a decline as well....
It will be interesting to see if the fib cluster holds....

[soap3000]

Running down nicely - good call.... :D

[Sejake]

Yep working well...I've taken a little off because the fall was so fast, but as Biggo has posted I think the potential is there for a larger term correction.

Regards, Sejake

[Sejake]

EURJPY vacillating between .62 - .78 % fibo's at the lower channel line.
In a precarious location here....