Thread: Discuss all about FX open

U/J will continue down...

RISK YOURSELF

primarylogic,UJ will go down further? how about EU? i was confused by EU, I have two short trades now, all under 1.24.....

Originally Posted by TaoJin88

primarylogic,UJ will go down further? how about EU? i was confused by EU, I have two short trades now, all under 1.24.....

Try putting a 200SMA on your chart, then look at it. Where is the market? Above or Below it? At the moment you should only take sell signals from your analysis, right?

Originally Posted by TaoJin88

primarylogic,UJ will go down further? how about EU? i was confused by EU, I have two short trades now, all under 1.24.....

E/U is stopping 1.24 area, if E/U drop to 1.23 area again, the chance that breakout 1.23 will be added.

Originally Posted by TaoJin88

primarylogic,UJ will go down further? how about EU? i was confused by EU, I have two short trades now, all under 1.24.....

If USD/JPY is continually down, the Jananese government will interfere its finacial market. As you know, the continual appreciation of JPY has affected its export. If the situation cannot be changed, It will strike the whole economy of Janan. I also think 94.00 will be resistance to USD/JPY.

kkitq, seems you are right, UJ go up for more than 200 pips today, JPY is too high these days, but I am mainly on EU, I bought it today, and also earned $100 today

Yes, JPY up to 99.7 and drop down again, watching now...

primarylogic, I just sell EU and got $20, then I go out dare not to hold it, I sell it at 1.2840

market still be quiet now, what happen ?
is many market participant waiting for FED interest rate announcement or another news ?

Originally Posted by TaoJin88

primarylogic, I just sell EU and got $20, then I go out dare not to hold it, I sell it at 1.2840

Firt time, I long E/U from 1.2805 and it reached 1.2840 but I didn't close it, then was hits my S/L 1.2805, I got 0 pip.
Second time, I long it from 1.2800 anain, and it reached 1.2800 again, seems it stopped, because the first time lesson, I closed it at 1.1831 got 31 pips, but it breakout 1.2850 and continue 100+ pips after I closed.