eurjpy big move

yes indeed, but you know it will go even further down that pair is very predictable and fun

You're right, it is quite predictable. It's headed for 129.70 again, I think.

FXtrader2010 posted:
nice move!!

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

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

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. :)

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

I try to avoid trading around big high-impact events to avoid that exact situation.

temporary halt into the downward trend

It will rise to 133 at best and then it will continue falling, I think.

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.

as soon as it gets rid of the 61.8 retracement ,it will go down to 130.19

Looks like consolidation until after 28th December

I would say the consolidation will continue until after 1st January 2016.

that was a great ride 400 pips again !!!

i think is already started to swing back up,time to go long

I think it might reach 127.00 before it starts climbing again.

i swing trading 4 hre chart we can go long already with the appropriate sl ,needs a large sl 126.15 should be the sl

reach the bottom at 126.60...so the climbing started at that point..imlong since 127 my sl at 126.15...the only thing thing you can be sure is that it will go up again for another 400 pips or so ,this is the best swing trading pair in fx

I have longs too, although I'll probably close them when it reaches 128.80.