pinpip liked an order
baren created an order
SELL 0.200M USD/JPY @ 99.617, SL 101.000 (138 pips),TP 99.518 (10 pips)
SELL 0.100M AUD/JPY @ 95.249, SL 97.000 (175 pips),TP 95.155 (9 pips)
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Daytrader21 created a blog post
Aussie remains within the long term range: 0.9380 as the lower border and 1.1080 the upper border. Within this trading range we are making a big triangle pattern which is apparently a bullish formation.(see fig.1)Based on Elliot Wave theory this triangle should be composed of 5 legs. We are currently developing an extended leg D which suggest that in order to complete the triangle formation we need to have a final leg E to the downside and to test the support level around 0.9800 round number.The current consolidation between 1.0620-1.0150 (a 470pips ranging zone) which comprise the current leg D is in itself another minor triangle mirroring the bigger triangle on a much smaller scale, making it a fractal. Using projection line(see fig.2) we should see the price traveling at least the same amount of pips as we have made in this range. Although the projection is going as low as 0.9680 it doesn't mean we must go that low this are just some estimated numbers using them for guidance. The more important number is 0.9800 round number as it was explained by using EW theory. Nevertheless 0.9680&0.9800 are numbers closed to each others so they can provide confluence and price reverse from here.I'm expecting price to develop the E leg in the next 2 months and to reverse from there traveling back up again, but by 1st July price should be just around parity 1.0000, consolidating there before to continue upside.
pinpip commented an order in Trader Contest blog
winfx created an order
SELL 5.000M EUR/JPY @ 122.091, SL 124.500 (241 pips),TP 119.700 (239 pips)
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Profin wrote a free comment in Trader Contest blog
Damn those popularity points !!! will cost me first position this month too!
Kungfuforex created an order
SELL 5.000M CHF/JPY @ 100.435, SL 101.458 (102 pips),TP 99.000 (144 pips)
SELL 3.000M AUD/JPY @ 99.217, SL 100.239 (102 pips),TP 97.249 (197 pips)
ivan77755 created an order
SELL 0.600M USD/RUB @ 30.92644, SL 31.30000 (3736 pips),TP 30.48000 (4464 pips)
SELL 0.400M USD/JPY @ 96.047, SL 96.980 (93 pips),TP 95.000 (105 pips)
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