Manual Trades based on Technical Analysis. - page 3

 

GJ testing major support

GJ is testing major support here also 61.8 region is 141.84 area. If in short its should be closed here. Good luck and happy trading.

Files:
gbp-gpy_3.gif  36 kb
 
xx3xxx:
got a question

if you trade $chfjpy with 30 M or 1H template

will you reference to $eurjpy or $gbpjpy movement (up and down)

or you use a template

please quote 2 screen-capture for your answer -- chfjpy is not an easy pair, but the other 2 jpy is too Volatile for me, so I decide to give CHFJPY a try

Hey Buddy,

Here is a chart where it was good to short CHFJPY.

Files:
chf-gpy_1.gif  28 kb
 

Tempted to go long

Looking at PA I took a long at 141.93, this is trading retrace, with tight SL (price open below 141.70 ). As 200EMA on 4H chart is at 141.72, hopefully it will act as support. targeting 142.80 area first (100EMA on 1H).

I am just taking a chance on this one, not sure if it will work but looks worth the risk.

 
prashant:
Looking at PA I took a long at 141.93, this is trading retrace, with tight SL (price open below 141.70 ). As 200EMA on 4H chart is at 141.72, hopefully it will act as support. targeting 142.80 area first (100EMA on 1H). I am just taking a chance on this one, not sure if it will work but looks worth the risk.

As mentioned price did retraced from the area I mentioned yesterday, I closed part lot at 142.80 another one at 143.40 and still have a small one left targeting 144 area. I will add chart in some time.

If on next 4 hr chart if price opens above 143.05 it will be an opportunity to go long again and target 144 area.

Good luck.

 

US interest rate statement

All please be aware of US interest rate statement at 2.15 CST. Alltough I dont expect a cut or raise in rates, their statement drives the market like crazy, so trade cautiously.

 
prashant:
As mentioned price did retraced from the area I mentioned yesterday, I closed part lot at 142.80 another one at 143.40 and still have a small one left targeting 144 area. I will add chart in some time.

If on next 4 hr chart if price opens above 143.05 it will be an opportunity to go long again and target 144 area.

Good luck.

Closed my last lot on long. Will stay aside till the FOMC statement.

 

Usd/jpy

Watch USD/JPY during FOMC, if it is +ve for US, the pair can jump by 100 pips.

 

Long Setup

Ok so we now have good long setup on GJ. Price has open above 143 on 1H chart. we have 100 and 200 EMA resistance in 143.30-50 area. If that is cleared 144 is next.

Remember price should open above 143 on the next 4H bar too to confirm this good long setup, if not then that should be your stop loss.

Files:
gbp-gpy_4.gif  35 kb
 
prashant:
Ok so we now have good long setup on GJ. Price has open above 143 on 1H chart. we have 100 and 200 EMA resistance in 143.30-50 area. If that is cleared 144 is next. Remember price should open above 143 on the next 4H bar too to confirm this good long setup, if not then that should be your stop loss.

As mentioned yesterday, price grossed 100EMA on 1 H chart and now testing 144.10 resistance area.

 
prashant:
As mentioned yesterday, price grossed 100EMA on 1 H chart and now testing 144.10 resistance area.

142.90 to 143.20 is now support area and 144.10 ti 144.50 is resistance. Place your trades accordingly.

Reason: