Trade opportunities on EURJPY

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Paul
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EURUSD bearish

Postby Paul » Sun Dec 13, 2009 12:53 pm

EURUSD bearish.

Plummeted from a consolidation to 1.4586. From the point of view of a turbulent flow, this is one of the sharpest price action in over a year and a half. Candlesticks together with the noise do not show it properly. Best highlighted by the fact that some brokers manipulated with their charts (as usual) holding on prices for too long. Now they ponder what to do with the 70 pip gaps and inevitable claims from their clients.
http://clip2net.com/page/m0/2960576

Greed is stronger than reason. Greed probably has not seen Blind Fury.

The nearest UPO from top is at 1.4788.

May retrace to 1.4680.
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Paul
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GBPUSD is in a wide consolidation

Postby Paul » Sun Dec 13, 2009 1:27 pm

GBPUSD is in a wide consolidation.
Very volatile recently (400 pips in just 8 hours).
http://clip2net.com/page/m0/2960909
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Paul
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EURJPY ran away from 5 UPOs

Postby Paul » Sun Dec 13, 2009 1:43 pm

EURJPY ran away from 5 UPOs.
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Paul
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GBPJPY broke higher

Postby Paul » Sun Dec 20, 2009 10:08 pm

GBPJPY broke higher from below 144.00. Then tried a UPO at 146.63. Spent there quite some time, then failed to rise further. That line 146.63 was crucial for some money which could close longs/open shorts in a proportional number. Quite a big deal done if you notice that the neighbourhood of 146.63 held almost 20 hours. Enough for thousands of medium term positions.
Now being traded in a range of 260 pips.
GBPJPY ran away from a new UPO at 142.76 which suggests it is more likely to test 148.16, than the low. That way the range expands to 540 pips. Both targets are determined by the system. The unknown is which one first:
141.48 or 148.16. With no guts to trade you may try if your margin can sustain, two opposite trades. Both of them are going to be good trades.
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Paul
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EURJPY

Postby Paul » Sun Dec 20, 2009 10:38 pm

EURJPY runs low but may hit 130.12.
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GDPJPY reaches UPO targets in 9 days and 44 days

Postby Paul » Tue Jul 06, 2010 10:08 pm

Hi, there

GDPJPY reaches UPO targets in 9 days and 44 days.
668 pips between the two UPOs 148.16 and 141.48 covered in less than two months.

An update of this study shows one major UPO at 135.57 and a few minor ones.
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maestro007
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Postby maestro007 » Tue Jul 06, 2010 11:37 pm

Hi Paul,


Long time no post... Glad to see you back.

Very nice trading. Are you back again regularly now?


Regards,

Mae

Paul
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In the case of EURUSD

Postby Paul » Thu Jul 08, 2010 1:03 pm

In the case of EURUSD it is important to look for very likely targets in the summer and confront it with forecasts based on fundamentals of euro's slump to parity or near parity versus the dollar.
EURUSD is now heading higher. In a chaotic system the upper UPOs are attractors while the lower UPOs are repellers. The number of repellers is growing. It also needs to be added that the repellers are relatively new while
those attractors are relatively older.

There are a few UPOs from very strong selling dating back to May 10 and May 11 of this year. The nearest UPO is at 1.2761 and this is the first target for long positions. Above stand UPOs at 1.2880, then 1.2923 and finally 1.2977. They come from the same Elliott wave allowing me to attribute the May selling to very strong big names, rather than a result of natural anonymous market forces. Those big names are prepared to defend their positions and it is very likely that the market will not be able to reach the highest orbits without a fight. I anticipate a step by step going up rather than one shot. I think that EURUSD is likely to stay relatively high this summer.

EURUSD should stay well above 1.2560 for a couple of weeks.

P.S. Thanks for greetings Mae
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Paul
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Nice orderly GBPJPY

Postby Paul » Thu Jul 08, 2010 1:17 pm

Nice orderly GBPJPY
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victoria98
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Postby victoria98 » Wed Jul 14, 2010 4:58 am

Trade opportunities on EURJPY are really big. I want to find a way to take part in the Forex market using an automated system, that could profit from the variations in the currency prices, day and night. I heard there are many automated trading systems that do just that.
Last edited by victoria98 on Wed Jul 14, 2010 4:22 pm, edited 1 time in total.
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