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You still trading the 1 hr.
And the Beast Dozer continues!
Sounds about like me when I chased it from 133 to 119 last year trying to catch falling knife. You are just trying to put a road block in front of a D11 Dozer!
Its possible, if you look at a weekly chart next resistance is not until 215 area.
I do not think I would be short any yen pair right now, they are pounding it in the dirt.
Every pair I have looked at so far seems to work best on the 1hr time frame with this setup. I have caught the move down on NU and GU with it so far.
Thats all many traders do, is pick one and stick with it.
Yep, slowly but surely. The Beast looks like its getting ready to signal here.
What is your trade, the cross of the 200?
Agree with that, but the beast isn't the only one this time. It's all the yen pairs.
Yea, I know. The beast just draws you in.
So much for this idea!
i think UJ is headed way further than 100.
Looks like its getting ready to test that upper trend line again.
Someone shoot the beast please, it just refuses to die!
Went ahead and took my pips on EN, looking to add to my GJ short.
This is crazy, no movement yesterday and now everything is all over the board.
I am thinking EN may hit 1.66 area before it falls, call me crazy.
I have added it to my charts and actually used it last night on GJ, really liking it. Now we need to program an alert
Take a look at the 800 ema cross on the daily, less trading with very powerful moves.
The entire market has been acting funny today.
Now all of a sudden the dollar is going to power up, what the crap.
I still say our Japanese buddy is working them, he is just doing it quietly now.
Sounds good to me, I need to make this work quickly. Wife is wanting to quit work now!
Cool, I will give it a try. Wish I could write a program to by and sell on the crosses.
Thanks, will take a look this afternoon. I also am looking at the 5, 13, & 62. Was reading about this set up yesterday with the 13 being used to prevent entering on head fakes.
Short UCAD, it was rejected at the upper trend line.
Forgot to set my stop on EN, taking a ride into the grand canyon!
After all of Draghi's BS he pulls this one, oh well the EUR descent will now begin.
Thanks. But just think, once you get it down to a science you will not have to go to work. That's what I am shooting for.
Hey charger, doing good. I have been trying the price cross the last few trades and it has worked well, but it seems to stall a bit until the 5 makes the cross. Also, I have tried the Heiken cross but it's not quite as clear.
Look at the crosses on the daily also, big moves happen just need to have a big enough account to stand the up and down movement. Thats where I want to get to.
EJ TP around 1.357.
Add a 62 ema to your chart and watch the price in relation to it, especially with the Coral MA indicator. I hate to say this, but its almost to easy. Thinking UCAD short may be my next trade on the cross down.