Like I was saying the bias is down, support at 160.85 was breached so I'm looking at 160/159ish again in the London session. Unless the Japanese find religion again and start buying.

Eur/JPY

160.94

Eur/JPY

Im talking about today.

Eur/JPY

The bias is still down, I'd follow the equities indexes to see what the direction will be. They tend to correlate to the EUR/JPY

Eur/JPY

Good idea, I'm developing my long term trading strategy so any pointers are appreciated. FYI what is your thought on the AJ? I still see a deeper correction there as well, towards 88.00, thoughts?

Aussie Pairs

It just needs to correct deeper. The problem with the Aud is that the yield is so high that it gets snapped up on dip buys so it takes longer to reach bottom.

Aussie Pairs

AJ, the AU looks to be consolidating above 8400

Aussie Pairs

Need a convincing break of 161.20

Eur/JPY

Bounced off the 160.85 support, so your long might have some life in it.

Eur/JPY

This pair lacks direction.

Aussie Pairs

Its at 161.03

Eur/JPY

I agree with not confusing timeframes, however I doubt that banks just go around focusing on what happens today. If they did there'd be no one going long and there'd be no market. Small guys, those not trading 100s of millions have a very different ...

USD/JPY Discussion

I have no clue what you're saying, but hey to each their own. If you can match a Wall St. firms liquidity, good for you and certainly I can't fault you for your line of thinking.

USD/JPY Discussion

I agree, and disagree. Long term trends can work, depending on how much liquidity you have at your disposal. If you're a day trader, then 24hrs is indeed all you need to worry about. If you're a long term spot buyer with a large account you are able ...

USD/JPY Discussion

Hey MPP, sorry for the late reply. I was looking at the 30 minute candle. Looks like we're back in a bullish stance due to stock closing. This pair is all Dow, if the Dow is up so is the Aud/Jpy, Dow down, so is this. It actually trades along with ...

Aussie Pairs

You do the same Dove

USD/JPY Discussion

If this next candle closes below 100 Im in.

Aussie Pairs

Yep, that is the general area to short from. Now it will be a bit choppier getting up there.

Aussie Pairs

Yep, waiting on it as well. I usually like to see a couple of tests of a particular resistance level before going for the short

Aussie Pairs

I'm waiting as well, because it pulled back rather quick, I couldn't get entry.

Aussie Pairs