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Waiting For EURJPY Short Set-Up

Hi Traders,
I have been planning to place a trade to the south when the price touches the upper side of the rectangular and when I saw the gap-up this morning, I was reluctant and still i am waiting for a further confirmation to place or to stand aside.
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AUD/CHF


  1. I AM using Bollinger Bands and RSI for my technical analysis
  2. I am using weekly chart and daily chart for my analysis.
  3. AUD/CHF is ranging so i expect it will continue.
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AngleRMS avatar
AngleRMS 29 Nov

Australia GDP growth accelerates to 0.8% in Q2
Australia jobless rate steady at 5.6% in august
Australia leaves monetary policy unchanged
Australia holds cash rate steady at 1.5% in November

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AUD/CAD


  1. I AM using Bollinger Bands and RSI for my technical analysis
  2. i am using weekly chart and daily chart for my analysis.
  3. i think Australian economy is going well in these day that will understand we saw their data
  4. we have consider that Canadian dollar is also strong so it might be ranging.
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AngleRMS avatar
AngleRMS 29 Nov

Australia GDP growth accelerates to 0.8% in Q2
Australia jobless rate steady at 5.6% in august
Australia leaves monetary policy unchanged
Australia holds cash rate steady at 1.5% in November

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Japanese Yen to Stay in Range

After a wild first two months of the year, the Japanese Yen has a calmer session in March. The pair closed lower by only 12 pips, forming a doji pattern on the monthly chart. This pattern signals indecision in the market. The market usually moves in a range about 70% of the time and only trends the other 30%.
An added problem for any trends is the active intervention by the Japanese ministry of Finance. Look at the 4h chart below. Notice the the pair keeps getting bought around 111 dollars for 1…
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fxsurprise8 avatar

The pair initially broke below the 111 barrier. But this week the losses are starting to get rewound and the pair slowly inched up to 110. Then on Friday the BOJ released new loan measures that indicate a willingness to do more in terms of easing.

This indicates that my noted intervention pattern from above is intact, even though the Bank didn't directly sell.

On the technical front. we're currently quoted at 111.80 right now. This is still about 72 pips away from my forecast. But with the next BOJ meeting next week, we'll have plenty of volatility to jolt this pair, hopefully to the upside.

fxsurprise8 avatar

Another update. Things are not looking good today, the USD/JPY is down another 50 pips to 111.30. While the pattern above is still valid, this day to day noise is bringing me further away from my target.

Hopefully the FOMC or BOJ events tomorrow will jolt the pair higher. The Bank of Japan is rumored to add to QE at this meeting. This would be bullish for the USD/JPY, although the long-lasting impact of these interventions is questionable.

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Range

La mayoría de los principales pares han decidido mantener un periodo de oscilación por un par de horas, cerca de lineas de soporte o resistencia claves. Estar atentos a su rompimiento, o su rebote, según corresponda.
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Going up!!

The trader contest rankings show me at number 14.. ..
Not a bad position after 10 days, still working on it though..I have plans to join the elite 10.. ..my webminar is tomorrow at 7:00GMT, you are all invited..
My poker game today was not so good..working on that too.. ..
As much as possible I am trying to stick to my strategy and not deviate from it...You can read my article and learn more about my trading strategy in the Article contest..The link is below:
http://www.dukascopy.com/fxcomm/fx-a…
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Waiting!!

It looks like everyone is waiting..for the FOMC...It is almost hard to find worthwhile trades, except you are scalping for two or three pips.. ..
And ladies and Gentlemen, it is official, yours truly finished 3rd in last month's trader contest...
You can check out my article and find out how I did it..It is a sort of trading journal, I am hoping you will appreciate my strategy.. ..
Read, like it and comment...
Whoever said trading is not rewarding.. ..
So we have FOMC coming out in a few hours..…
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FOMC Data Day!

It has been a roller-coaster ride, i have seen my equity drop to 222k after rising to 290k, and back up to about 284k..
Been holding my breath for hours...lol...
I thought i was going to cash out my trades before the FOMC data, but it is not looking very likely.
I have tightened my stops, i expect price can go either way...so i will have to wait and see...I trust volatility will return after the data release, so i am expecting some good trades tomorrow..Still number 2.. ..and loving it!!
my drea…
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Olga18375 avatar

i like adrenaline!!!!

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What a day!!

It has been a very slow day, i have literally spent hours staring at my charts, waiting for some major market fluctuation to increase my balance and equity..It has not yet happened..
All my current trades are showing negative profit/loss, this is a bit disturbing...I almost feel like closing all the trades all together...Ranging markets can test anyone's patience...i was actually thinking i would get some good entries and run up to the number one spot!! ..That has not happened either...i am sign…
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Truly a very Dull day!!

Today has truly been a memorable, the market is totally stuck!!..I entered several trades yesterday, with a lot of excitement and hope for pips, but i got this...
It would seem the FX market has entered its shell and has taken to crawling along. There is hardly any reasonable price movement...I am so sure a lot of folks are going to be caught in the weekend margin closure...The Yen pairs have started a move...
This might not end so badly after all...Before i forget, my poker skills went through …
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