Saoldric
Long

eurjpy just a fool attempting price projection

FX:EURJPY   Euro Fx/Japanese Yen
41 3 0
i think that the blue has a greater chance of happening, either way, buying the dips.
hey man, don't be so hard on yourself. i was fooling around testing some new approach involving Andrews's pitchfork and completely messed up my short trade on GJ yesterday. luckily SL not hit but damn thing wouldn't go down to TP so when i woke up, i find out it's back at my EP. so frustrating.

re EJ, have no idea where EJ will go. all i know is that RBS is calling for UJ to hit 120 by mid DEC or earlier. it's that turns out to be true, and Nikkei keeps climbing as well, then EJ possibly might reach the target i showed you on that Monthly chart. BUT if not, and Nikkei crashes, which i am hoping for ;), then we should get a beautiful multi-100 pip pullback, especially on GJ.

best of luck!
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haha, just stating what seems to be a fools errand. Projecting out into potential S/R that has been untested for nearly 7 - 8 YEARS, more or less guessing what happen.

my idea of a perfect market, ample pull backs for buying a trend continuation, but EURJPY doesnt want any of that. when she gets into a trend shes freaking going near straight there!
snapshot
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isomorph Saoldric
yeah, i know the feeling. it's one reason checking fib levels has now become low on my priority list. also because of the BoJ, the following yen crosses don't behave as usual: GJ, UJ, EJ.

personally, i try to avoid the EJ. never liked the way it moves. usually the moves are shorter than on GJ and often they don't seem to make any sense, well, at least not to me. but even GJ has these weird choppy moments that will destroy your trade if you try to scalp it.

anyways, i keep reading more and more banks are convinced UJ will go straight to 120. if so, the other 2 will also just keep going straight up. i just find it hard to accept there won't be a significant retrace before UJ gets to 120. it's just ridiculous, this 1 way up trade since 105.

but as they say, mr market is always right, no matter what. atvb.
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