Eur/Jpy

[Raj]

Had a nice 150 scalp from the cons range floor. Will have to see if anything bullish forms here now

:)

[supra]

Hi Raj,

Great trade!

Please share which CF was your entry trigger?

Thank you.

[Raj]

LOL, Supra, no CF, I took the long because of the bottom of the cons range, as well as the fact that a lot of the jpy pairs hit major D extensions. Im still long on this pair for now.

:)

[supra]

Hi Raj,

Yes, I had suspected that it was purely a "touch" play on the 127 level. But your use of the correlation with the other JPY crosses does give further insight.

Thank you.

[Raj]

back to that daily cons support....going to see if something bullish forms

:)

[Raj]

I took the tweezer bottom long today, but have banked just over 80 pips at the resistance. I'm waiting till NA session to see where we end up.

:)

[Raj]

One hour after I go to sleep, and we get a beautiful ES at the resistance for a nice short.....oh well, such is life...

:)

[pipsqueakr]

Congrats Raj.... sometimes we make this harder than it needs to be... banking @ resistance... well done

[pipsqueakr]

E/J has fooled me a couple of times... but took a 5m bull crown earlier....

could this be the start of a reversal?

look @ the 4h possible MS... but almost as important are the rsi/stoch ... we have a div on the 4h

[Raj]

Man, just when I was trying to remove my indicators you start talking about macd? LOL....I see what you're seeing though....so far we have a pullback at the 127 support after a 382 bounce...let's see if we bull crown on the 60 for further retrace.

:)

[pipsqueakr]

sorry Rajmeister... but indicators are for newbies.... not savvy veterans like urself ;)

[Raj]

Kurt, hope you caught this...I'm banking early on this one just in case.

:)

[pipsqueakr]

Missed that 1 sir... i fear that in trying to be like Raj... i had too many charts flipping thru - ur tp did pay as usual... (can never argue with pips in the bank) but can you give reason for early exit, was it just
a. support and
b. the 1.27 of the larger swing?

I actually got taken out of my long... by the spread on that retrace to the .86 :( rookie mistake. Still looking for the bulls and possible BuC on the 15m, if we can get some pullback from this latest swing.

Will try to be more diligent :)

[Raj]

Hi Kurt, yes the reason for my early exit was the 127 support/backside of the trendline/the fact that we might have been testing the 240 MS, and you didnt hear me say this but...(shshshsh....there was a major fundy at 2:15)

:)

[pipsqueakr]

A fundy... @ 2:15pm EST that seems like a weird time for a fundy :D couldnt have been that important... LOL

well it looks as if... that BuC may be playing out... have been able to snag a few... (how about those horse lattitudes, thanks to opening my eyes on taking profit at those extension levels).

I agree with you about the 1h and beyond, on the 1H we do have the 1 & 2 for a BuCrown... the daily is begging for some retrace... i'm hoping this is it.. but will try to take what the market gives.

So fib fishing... maybe i can find an SK.. regardless if can get good fib entries on the small charts and the bulls are lively.. may scalp north

[Raj]

Took the TT entry at the 786 fib, when the next candle opened this morning at 126.36. Easy as abcd

:)

[Raj]

Again waited for the market to reach first res of the AB boundary, and took a nice scalp on the 5min chart

:)

[Raj]

I have shorted the re-test of the Sk for about 60 pips so far...and market is trying to create a 240 ES.


Happy Pipping
:)

[pipsqueakr]

Everytime i catch up to read a post... u are already +50 :) Congrats... have a great weekend

[Raj]

I've shorted the TT at the Sk

:)

[Raj]

I have banked 97 pips at the 618 support on this one.

:)

[Raj]

Some Sk res here on the chart, we'll see if anything materializes.

:)

[Raj]

We've had some 240 barish candles at the 382 res on this pair, now the market is in a small pennant. We should be able to trade the breakout.

:)

[Raj]

I sold this chart 10 pips below the pennent support, and we're off to the races!

:)

[Raj]

Time to keep an eye on this chart as we're approaching the 382 res once again. Look out for a CF, and if it breaks the 382, then we have a possible gartley short a little higher up.

:)

[liadex]

Raj has the 240 done the 1&2 with a RT about 126.60 area??

[Raj]

Liz, we're sinking from the daily 382 res, small 240 still has upswing, but 60min chart has bear crowned with no real fib bounce.

:)

[Raj]

I took some pips on the covergence of the 60min D ext's with the 240 charts 618 support/TL today. 123.70 entry has made some nice pips.

:)