Trade opportunities on EURJPY

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Paul
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new periodic orbits on EURUSD

Postby Paul » Mon Nov 16, 2009 7:08 pm

These are new Unstable Periodic Orbits on EURUSD.
On Friday I wrote:
The market is going to test the levels 1.4882 soon, and 1.4966 and 1.4990 some time later.

Kindly study the current chart to see the exactness and precision of price action. Unstable Periodic Orbits are the skeleton of FX markets.
EURUSD is going to break 1.5059 to test 1.5084.

From below it has shown a UPO at 1.4959 which means that this becomes a next future target for a correction.
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Paul
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GBPUSD rose to 1.6874 today

Postby Paul » Mon Nov 16, 2009 7:39 pm

Monday's price action has lifted GBPUSD to 1.6874.

GBPUSD is going to revisit at least one UPO at 1.6770 in near term. The other UPOs may wait longer.
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Patch
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Postby Patch » Tue Nov 17, 2009 3:22 am

Paul

Looks to me like the USD is going to hell in a hand basket with no end in sight. Our US monetary and fiscal policy is bankrupting the US economy.

I hope all traders on Kreslik take note: living on debt as a country right down to the individual and family flat out does not work. Debt makes the banks money and enslaves, I repeat, ENSLAVES, the borrower. Don't do it.

If you are in debt, get out of debt ASAP, now if not sooner.

Patch the Pirate
In VA

Patch
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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pablo101
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Postby pablo101 » Tue Nov 17, 2009 3:27 am

Patch wrote:Paul

Looks to me like the USD is going to hell in a hand basket with no end in sight. Our US monetary and fiscal policy is bankrupting the US economy.

I hope all traders on Kreslik take note: living on debt as a country right down to the individual and family flat out does not work. Debt makes the banks money and enslaves, I repeat, ENSLAVES, the borrower. Don't do it.

If you are in debt, get out of debt ASAP, now if not sooner.

Patch the Pirate
In VA

Patch
In VA


Can you lend me some money Patch? :)
What line? The line that tells you which way you are trading! - MO

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Patch
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Postby Patch » Tue Nov 17, 2009 3:32 am

pablo101

How much do you need?

Sure I can give you $15 USD. Please tell me what difference it would make in your trading.

Money my new friend is truly not the problem.

Tell me how your trading is doing.

Patch
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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pablo101
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Postby pablo101 » Tue Nov 17, 2009 5:32 am

Patch wrote:pablo101

How much do you need?

Sure I can give you $15 USD. Please tell me what difference it would make in your trading.

Money my new friend is truly not the problem.

Tell me how your trading is doing.

Patch
In VA


Whoa easy tiger, I'm joking. I'm in debt and working hard to get rid of it :)

As for my trading, I'm just practicing and practicing and practicing so when I pay off all my debts off, I will feel comfortable throwing big lots in
, and thats zee plan
What line? The line that tells you which way you are trading! - MO

Paul
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GBPUSD slumped to 1.6770

Postby Paul » Tue Nov 17, 2009 12:50 pm

As mentioned earlier I expected a revisit of one UPO at 1.6770.
Kindly notice the price action on nearing this target. The first approach found a lot of BUY Limit Orders. The second 30 minutes was fresh buying by those who noticed the reaction. Then GBPUSD dipped slightly below the line 1.6770. And having found few if any stop losses GBPUSD is back again on the track.
Kindly notice that the low of the dip was 1.7654, the exact level of an earlier UPO the line of which I did not remove from the chart.

Now you may speculate who had set 1.6770 as a target and what for.
One possibility is that dipping to 1.6770 around this time was necessary for you (us).
A second possibility is that the dip was needed and heeded by market makers.
A third possibility is that a dip to 1.6770 was determined by the nature of the chaotic market (remember the skeleton?).
A second and third do not exclude each other.

Now think about in terms of a force lifting GBPUSD from 1.6770 to 1.6874 to close above 1.6750 and then the same force selling from 1.6871 to close near 1.6770. A loop of about 200 pips.

You name the hand behind the force (aliens, Martians, Sun spots, Chicago Bulls, forget-me-nots from the garden of a humble banker).
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Paul
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EURJPY revisited UPO (3) at 132.69.

Postby Paul » Tue Nov 17, 2009 1:29 pm

EURJPY revisited UPO (3) at 132.69. There the pair found fresh buyers.
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Paul
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GBPUSD started retracements

Postby Paul » Fri Nov 20, 2009 12:50 am

GBPUSD started retracements after falling to the known area of 1.6619-1.6650. It is currently in a slight bullish tone. Vulnerable to dip to 1.6555.
Needs to close firmly above 1.6668 to gather steam.
GBPUSD is weaker instead so I expect a choppy market and the risk to go lower has increased and there is lack of support from GBPJPY.
EURUSD is going to return to 1.4913 and may help lift the cable.
The face lifting of the greenback is due to slumps on stock exchanges and there the picture is not rosy for Friday.
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Paul
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About EURJPY

Postby Paul » Sat Nov 28, 2009 11:04 pm

I wasn't able to predict which target EURJPY was going to reach first. It could have been 136.19 or 130.78 as marked on the previous chart. Only half of followers have booked a handsome profit, some even 300 pips more than planned. This cannot be true consolation to those who believed taking a trade towards 136.19 was a better idea. It appears that a revisit of 136.19 is now a distant future. But who knows.
One feature of EURJPY is distinct. Some Unstable Periodic Orbits (UPOs) are exceptionally long as compared to EURUSD, GBPUSD or AUDUSD. But USDJPY shows even longer ones. It means that it is much easier to survive on non-yen crosses. I still wonder what is the reason that the yen generates such long UPOs.
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