Thanks for your feedback guys. The ball seems to go back and forth between bulls and bears. It seems to me that the increasing lows on 3-hour bars are where buyers hiding. If defeated then the short term trend goes down. I just took 1/2 position off with a 25 -pips profits in area of 157.63 (after the most recent fast drop). May reload if bounce up and fail. If it does not bounce up, I will bite my nails to punish myself for not staying the course with all troops PS: Ivanovich: thanks very much for all the work you are doing (moderating,comments,and all. Great contributions!)
He may have received a call from the bankers asking him not to trade in exchange for a salary and staying at home doing nothing. The guy just picks the pocket of bankers as per the bankers' request and they are glad he does it (until recently) Thanks Bigpipn for the kind comments. BTW: what the letter N in your screen name mean (bigpipN)?
Just expressin' my disinterest for the over-developing Moorish gene currently taking place in the US. It is a rip off JayZ's Big Pimpin'. Most of my friends call me Matt. Except Atticus. He can be a dick sometimes because I'm slow picking up some basic Algebraic concepts to better grasp Vanilla Ops.
I just placed back the 1/2 of EUR/JPY I took off earlier today. Shorted it in area of 157.85. I hope it does not break on the way up. Addition: the going down was not fast. So I took the 1/2 I placed few moments ago for 10 pips gain. EUR/JPY is now around 157.75. Plan to add it back if it goes up and fail. Addition2: I just put 1/4 back short at 157.82.
It put in a lower high, you're good. (sorry this is after the fact that youv'e already gained ~15pips lol)
Addition3: I just took off the 1/4 of EUR/JPY I placed above for a 22 pips profit (closed at 157.60 or so). We getting close to the line where the bulls will be tested. Atticus: The equities are green so far. If they stay green by the close, this should be bullish in terms of correlation for EUR/JPY. It is gettting now to a point where I might be in a position where I will not know if the move will be up or down for EUR/JPY at least. What do you think? Any analysis will be very helpful. I know that you have had a good read on it from the bulls side. Others: be careful out there. I think it is getting to a point where it would either just sit there or start kicking in either direction, and with the equities up so far, I really do not know what will happen from this point forward particularly if equities stay green and eur/jpy goes down. In addition, I just flattened the whole thing (the remaining 1/2 short is now gone at 157.53 area). I better have a 40 pips on this and miss a potential move down, than lose some of the 40 pips.
Yes EST, and using my clock which now reads 2:13PM. BTW, not use these calls use your calls instead as I can be wrong.