EUR/JPY: Payback time.
Posted on July 15, 2008 at 17:02 in Trade Idea Result by Rob BookerNo Comments »

I love it when a plan comes together!

Here is the original trade idea. 

And here is the updated chart:

07152008_eurjpy

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EUR/JPY Daily (long term) trade idea.
Posted on July 9, 2008 at 18:42 in New Trade Idea by Rob Booker6 Comments »

The EUR/JPY is setting up something in the much longer term. That’s good for those of you who want to look at longer term charts.

I have found that traders who are willing to look at longer term charts have more realistic expectations about how much they can make, how long a trade takes to complete, and how fast they improve as a trader.

Here’s the daily chart.  And our green BaseLine:

07092008_eurjpy

And here is the entry chart.  A close below the blue line should take us to the green.

You’ll notice that the blue line does not connect to (or originate from) the green line.

07092008_eurjpy_2

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Dave Murphy Stars in “EUR Always in My YEN”, Wins Pipcademy Award.
Posted on June 27, 2008 at 15:18 in New Trade Idea by Rob BookerNo Comments »

Dave is getting ready for chart school, so he’s busy right now.  He wanted me to pass on this chart for your enjoyment.  He is waiting for the EUR/JPY to close above the red trendline.  Where it goes from there?  He said he’ll update you later, if it breaks.  But at least he’s going for 169.00.

Davebackground1

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EUR/JPY Trade Now Closed, Sadness Envelops Currency Traders Across Globe
Posted on June 24, 2008 at 15:39 in Trade Idea Result by Rob Booker1 Comment »

Our EUR/JPY short trade is closed at a loss.

Eurjpy_06242008

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EUR/JPY: Happiness is a Double Trendline Trade
Posted on June 23, 2008 at 0:01 in New Trade Idea by Rob BookerNo Comments »

I love trendlines.  I love support and resistance.  And I’m grateful for your attention here: I am excited for what the week has to bring us.  So let’s start it off with a view of the 4 Hour chart, and then move on to the 1 hour chart to plan the trade.

Here is the 4 HR chart.  You can click on it to make it bigger.

Eurjpy_06212008

Now that you can see our "Two-Trendy" setup, let’s take a look at the 1 HR chart and plan an entry.  Click on the chart to make it bigger.  The trade is simple and it’s described right on the chart:

Eurjpy_06212008_2

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