Daily EUR/USD trades

Quote from romik:

I would expect 118 and possible 119 in the very near future in USD/JPY, based on that divergence set-up. I think daily upper Bollinger is ~119 or just under. Going long JPY future is perhaps different to shorting USD/JPY, I just don't know. I did pop a question regarding TA relevance between cash pairs and single currency future, somebody did provide an answer earlier on. I suppose if one expects JPY to rise the question is against what other currencies? GBP? EUR? USD? I had a brief look and European currencies do not offer long opportunities (IMO) vs JPY on their daily charts, but USD/JPY does feature a BLD in histogram on a daily chart, which has already taken it from lows of ~114+ to 116.80 current. So I assume if you see strength in JPY on a weekly chart, one obstacle on the way that perhaps can result in just a pullback is the latter divergence in the USD/JPY pair.
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B1S2 that's one from your book
 

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Quote from romik:

B1S2 that's one from your book
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Yes , it was definitely a good call--mind you I am looking to get long on better strength than we have seen so far in the Yen future (Long JPY). At that point I will reenter the Yen. I did not agree with the divergence that you showed as a long term play, but it certainly has worked in the short term!
 
Quote from Buy1Sell2:

Yes , it was definitely a good call--mind you I am looking to get long on better strength than we have seen so far in the Yen future (Long JPY). At that point I will reenter the Yen. I did not agree with the divergence that you showed as a long term play, but it certainly has worked in the short term!
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~9900?
 
Quote from romik:

~9900?
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Using the monthly chart it certainly is possible. However, most humans will not be able to sit tight during and watch the markets gyrate and leave a trade alone. I myself am looking for more strength on the daily to get back in and then if I could get a decent profit started, then I could do it, but it's the getting out of the gate that is a bit tricky perhaps.
 
Quote from Buy1Sell2:

Romik, my 240 charts aren't displaying well today. Is there any bullish divergent look to the Euro fx 240 today?
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Sorry, my broker only offers cash, here's the chart for EUR/USD, I think they will be pretty similar, apart from quotes.
 

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Quote from romik:

Sorry, my broker only offers cash, here's the chart for EUR/USD, I think they will be pretty similar, apart from quotes.
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Looks like I should be very very careful and watch for signs of downward continuation on short term charts.
 
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