Upmoves With Continued CCI Bearish Divergence

FX:EURJPY   Euro / Japanese Yen
It's kind of like when a roller coaster slowly climbs up, then BAM! A hard, fast and exciting drop is coming. Added to our short up here at 134.67.

Too many shorts keep getting on board, so EUR/JPY             keeps juicing upwards. Look for some news "event" to be the "reason" why we drop fast and hard. Could possibly see a large gap down over the weekend (been a while since that's happened!).

Short targets from 4/30/2015 post still valid. Let's have an excellent weekend!
ahum... do you actually leave your trades open over the weekend? seriously? you DO realize it could also very well gap up 100 pips. so depending where your SL is, a gap could close out your trade for a significant loss, before dropping back and closing the gap. but if you trade without SL, that solves that, but if you are wrong and the market keeps going against you, 100 pip could quickly turn into 300 pip under water. which then brings up the issue of leverage (i'm assuming here 100:1) and how many lots should be open relative to one's account equity (R:R, etc). of course, if you've 10M in your account and you play with 10 to a 100 lots (that's 100 pips/10 lots == 10,000 to 100 pips/100 lots == 100,000 (1% of 10M) potential loss), then you can afford it. but the average trader using TV is in another boat altogether.

could you please address these issues and perhaps advise the less experienced traders following you how you handle this particular issue? thanks.
EURObull isomorph
Correct, I am trading an account with enough size and lots small enough as to not get truly "hurt" should an unexpected upward juicing occur. I do not normally hold positions over the weekend, and with impressive bearish divergence on 60 and 240 min CCI, it adds further confidence that this move is only to inflict pain on those short from much further down.
isomorph EURObull
alright then. 1 thing keeps nagging me... the way you write, sounds you are so sure there is 'intent' and 'purpose' to squeeze the shorts. how do you know that for a fact that that is why the market is going up? in other words, i am trying to understand this better: how do you know that the move up in EURJPY is not just due to natural market flow, especially related to EURUSD and the macro situation in europe, and NOT due to some invisible group of institutional traders purposefully trying to 'inflict pain' or 'juicing' the market against the shorts?

don't misunderstand me, but that is how i read the tone of your posts and it puzzles me greatly. thanks again for any clarification.
EURObull isomorph
Thank you for asking, and yes, after studying this market for so long, it is my opinion and observation that all markets are controlled to ensure that the setups engage the greatest number of people to lose their wealth. I have found that the way charts setup, we can know in advance (before news events) where we are headed, regardless of current price action.

You probably heard that only 2-5% of all involved in the markets actually profit daily/weekly/monthly. It is through worrying people through price action that trades are usually placed that either gets most people in at the incorrect times or worries them so much that they bail out (usually just before it turns and goes their way).

There is natural order flow from humans and fx robots. The un-natural part is when I refer to market "juicing", etc. I see the price action going up (or like right now, just sitting there to frustrate traders). I make it a point to study the chart, see the truth of what is really going on, and place the trade and let it work out. Some trades take more time and patience (like this one).

Hope this info helps!
isomorph EURObull
thank you. enjoy your weekend in paradise! :D
EURObull isomorph
You're welcome, my pleasure Iso. Have a great weekend also!
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