i know we are well below the 200 on the 4 hr chart. I see your point. we're talking 200 days ago. I mainly use pivot on the daily and try to figure out price action.Also to try to discover traps. I don't just go by the 200 sma.

Daily EUR/JPY analysis

its still above the 200 sma though at 129.64. if the numbers are good on nfp the usd/jpy could shoot up.

Daily EUR/JPY analysis

looks like the major channel line on the daily is broken. This could be it.

Daily EUR/JPY analysis

That's true. This week has worked out pretty good. on a longer term chart there is a trap forming. Support seems to be holding above the 200 sma. We are reaching a bottle neck. we might test support during the euro session. That seems to be the ...

Daily EUR/JPY analysis

looking at your chart could suggest a possible break to the downside if support is broken. I see a possibility on my charts. Its struggling to hold on to support

Daily EUR/JPY analysis

big numbers coming from asia. watch out people. I'm done trading. at least until after the release.

EURUSD

big, big number coming out in the asian session. so watch out with all yen crosses and usd/jpy. I will stay out until after the release. it might plummet or skyrocket.

Daily EUR/JPY analysis

there is a doji on the daily chart. looks like we might try for 132 again in the asian session.

Daily EUR/JPY analysis

its rejected

Daily EUR/JPY analysis

it broke 132. lets see if it is rejected

Daily EUR/JPY analysis

bump. if we can't break 132 we might be headed down on the daily chart. chime in anytime

Daily EUR/JPY analysis

bump. where are we going now. Support held. It might be a sell off during the euro session. since the euro seems due to fall. we'll what happens to the usd/jpy thoughts?

Daily EUR/JPY analysis

it looks like we are heading to 1.00 The british economy is being hit hard. It will depend if the euro can hold its levels, but the dollar is coming back with a vengeance. .9319 is the next target of March 11, 2009. If it is breached then .95 is the ...

EUR/GBP Trading Room

^^^Man those charts are very busy.

Galations - EUR/CHF

bump. Its been a good asian trading session if you were short. This pair is very close to touching the 200 sma at 129.59 on the daily chart. It may hold. Technically we are still in a uptrend. If we breach the moving average, look out. It ...

Daily EUR/JPY analysis

Looks like forecast for 87 is fast approaching.

USD/JPY Discussion

I believe they do work. I've been very profitable using it. My thing is when it hit s2, s3 or s4 is it true support. The same thing for resistance. I'm still up every week i trade, but if i can avoid selling when the pair is due for a bounce and ...

trading pivot points. how to tell if support/resistance will hold?

thanks for the link. i'll give it a read.

trading pivot points. how to tell if support/resistance will hold?

for those that was long this thing i hope you had your stop loss in place.

Cable Update (GBPUSD)

the eur/gbp is really taking off.

EURUSD