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eurjpy big move

rob559
Dec 18 2015 at 15:25
1916 posts
yes indeed, but you know it will go even further down that pair is very predictable and fun

dianajs
Dec 20 2015 at 07:55
823 posts
You're right, it is quite predictable. It's headed for 129.70 again, I think.

lostinforex
Dec 20 2015 at 08:33
3 posts
FXtrader2010 posted:
nice move!!


Hmm well yes, I was expecting the down move, but the big spike right before triggered my stop-loss, hmm. :(

rob559
Dec 20 2015 at 16:28
1916 posts
lostinforex posted:
FXtrader2010 posted:
nice move!!


Hmm well yes, I was expecting the down move, but the big spike right before triggered my stop-loss, hmm. :(


sl must be larger ,i made the same mistake

lostinforex
Dec 21 2015 at 09:37
3 posts
rob559 posted:
lostinforex posted:
FXtrader2010 posted:
nice move!!


Hmm well yes, I was expecting the down move, but the big spike right before triggered my stop-loss, hmm. :(


sl must be larger ,i made the same mistake


Well I'm not sure. I like my stop-loss to sit tight. So I think I will do the same next time also. :)

rob559
Dec 21 2015 at 17:42
1916 posts
61.8 fibo down, be surprised if it does not go further down,,,euro started rising a bit ,that is the x factor that caused the slowing down

dianajs
Dec 22 2015 at 07:16
823 posts
I try to avoid trading around big high-impact events to avoid that exact situation.

Capitalinvestfx
Dec 22 2015 at 07:18
64 posts
temporary halt into the downward trend

mlawson71
Dec 22 2015 at 11:05
1487 posts
It will rise to 133 at best and then it will continue falling, I think.

rob559
Dec 22 2015 at 15:16
1916 posts
dianajs posted:
I try to avoid trading around big high-impact events to avoid that exact situation.


it depends ,in that case the news triggered the fall,but hollidays is no a good period to trade,80% of traders are on the sideline for 2 weeks or so ,so no money influx going on ,already that the market has not behaved the same since the euro crisis it adds up at the t crazyness of it,here is why the pair started going long again

Some volatile action in the JPY following the BOJ Meeting and a decent sized selloff in US stocks were the main focus on Friday. The US$ was otherwise a little softer against both the EU majors and the commodity bloc (with the exception of the CAD, which suffered another beating after reaching 1.4000 on the back of the soft oil price), which took advantage of higher prices in the metals.

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