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And it happened exactly that way, the AUD/JPY touched 93.75 briefly and then dropped 80 pips after that. Too bad I was not in that trade...

That is true, the next resistance for the USD/JPY is 20 pips higher, so the upside potential is somehow limited, at least on the shorter time frames.

Look at these deadly "get the hell out" shooting stars candlesticks at resistance level on the 30 min chart (USD/JPY), they are usually bad news for buyers. I am not saying you should close your long position and/or go short, I just want you to be aware of the situation.

Well, apparently the Japanese report is not in yet, these hot shot Japanese financial analysts are probably still busy eating their Sushi and drinking their Sake somewhere in Tokyo downtown :D

Well, I wish I could just pull a trading signal from my magic hat but currently I do not see anything on my "radar", as far as the Yen is concerned. Legendary trader Jesse Livermore once said : "It was never my thinking that made the big money for me, it always was my sitting". Meaning, no...

Bank of Japan Rate Decision report due in 30 min (3 AM GMT), get ready... :cool:

HSBC/Markit November Flash Manufacturing report they call it.

Yep, some Chinese report came out at 20:45 (NY time)

Well, you know what they are saying: "The market can stay irrational longer than you can stay solvent." John Maynard Keynes, English economist (1883 - 1946). Good luck.

Seems like you are on the wrong side of the market, TradingJournals, at least for now. In my opinion (and this is not a trading signal of any kind, just my personal opinion) AUD/JPY is about to revisit the 93.75 area before going down, if ever.

Thanks, hope you made some good money too. Don't worry about me, I was not born yesterday, my trailing stops are in place and if they smell even the faintest odor of reversal they will go on red alert and protect my money. Now let's see what the Yen is up to...

Wow, a truckload of pips just fell into my Forex account! :) The expected breakout on the EUR/USD did indeed occur. Now only that, but my system managed to short the entire freaking down move, not just the breakout itself (see chart below)! Be right back, I have to go to the...

+50 pips, closing half of my position, stop remains at break-even.

I do not have a clear trading signal on EUR/AUD or EUR/JPY. All stops have now been moved to break-even.

Sure, but which "trend" are we talking about exactly? The 1 min trend? The 5 min trend? The 15 min trend? The 30 min trend? The 60 min trend? The 4 hours? Daily? Weekly? Monthly? Yearly trend? See how easy it is to fool people with meaningless chatter, instead...

Shorting more EUR/USD at 1.3555, my average (short) price on his position now stands at 1.3560

Wow, that's quite a long post, let me grab a cold Heineken (or two) and I will get back to you soon :p P.S.: Sorry to hear about your illness, hope you feel better soon.

Easy now Blotto, I do appreciate your comments but your tone is a bit condescending. The chart pattern described above is usually bearish, but I also want the traders to be ready for any possible scenario, so they can limit their losses, if any, if the breakout goes the other way. That...

Thanks. Any idea what caused that sudden 50 pip move? Market makers playing games during the Asian session, perhaps? :cool:

Shorting EUR/USD at 1.3565