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Sell EUR/JPY Analysis

2008-01-24T21:42:00.001-08:00

As promised here are charts to support the world's call for us to help promote recovery from the economic woes by buying EUR/JPY. See the previous post directly below for the details of entry and exits.

First is the "Amazing Stealth Forex Trading System" Click Here! to check this system out.

We have a classic 1-2-3 bottom and the proprietary "Amazing Stealth Forex Trading System" indicators both showing buy signals. Click Here! to check this system out.

Next I show two J-Charts:

If you compare the one right above to the previous 500 day chart shown for the 1/13 EUR/JPY short foreign currency trade sale, you will see the same cave is now getting filled in, but this time moving from below and up.

New Trade Setup: Buy EUR/JPY

2008-01-24T14:24:00.000-08:00

The world calls for our help once again. Will post the complete analysis later tonight, but you can review the Sunday Jan 13 post and follow ups to the EUR/JPY short foreign currency exchange trade to get the picture. What is happening is as I said when the SELL trade was closed out, I expected the "cave" would need to be filled in more, so a reversal was due sooner or later. Well, now it is here. Buy EUR/JPY (currently 158.04, I got in at 157.81) with stop loss of 157.06 and profit target of 160.44.

EUR/USD Short Trade Hits Target- +223 Pips

2008-01-21T09:23:00.000-08:00

The short EUR/USD currency exchange pair sale hit the profit target at 1.4434 around 8:30 PST for a healthy profit of +223 pips. Remember to be grateful for the opportunity to serve the world forex marketplace.

EUR/USD Short Trade Update- Now +120 Pips

2008-01-20T22:15:00.000-08:00

Currently the EUR/USD foreign currency exchange pair is trading around 1.4535. I have adjusted the sop loss for this forex pair to 1.4570, locking in a profit of 87 pips. I have adjusted the take profit order to 1.4434.

Update on EUR/USD Trade- +20 pips so far

2008-01-17T23:58:00.000-08:00

Almost hit the stop loss with high of 1.4715 since entering the EUR/USD currency short forex trade. Currently, about 1.4635, giving +20 pips since entering at 1.4657, but the FX pair has been up and down so far. I will hold this position and continue to have the same stop loss and profit target as previously posted.

The Yen Carry Trade: What does that mean?

2008-01-16T21:06:00.000-08:00

A good friend of mine who is well-versed in the financial world, and quite successful with his money I might add, asked what I was talking about when I said the "unwinding of the Yen carry trade was a good trading opportunity."

The Yen carry trade is a specific example of a strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase a different currency yielding a higher interest rate. A trader using this strategy attempts to capture the difference between the rates - which can often be substantial, depending on the amount of leverage the investor chooses to use.

Here's an example of a "yen carry trade": let's say a trader borrows 1,000 yen from a Japanese bank, converts the funds into U.S. dollars and buys a bond for the equivalent amount. Let's assume that the bond pays 4.5% and the Japanese interest rate is set at 0%. The trader stands to make a profit of 4.5% (4.5% - 0%), as long as the exchange rate between the countries does not change. Many professional traders use this trade because the gains can become very large when leverage is taken into consideration. If the trader in our example uses a common leverage factor of 10:1, then she can stand to make a profit of 45%.

The big risk in a carry trade is the uncertainty of exchange rates. Using the example above, if the U.S. dollar were to fall in value relative to the Japanese yen, then the trader would run the risk of losing money. Also, these transactions are generally done with a lot of leverage, so a small movement in exchange rates can result in huge losses unless hedged appropriately.

So the "unwinding" occurs when the investors needs to get out of the trade to avoid the aforementioned huge losses. That's where volatility is generated as well- the risk of huge losses leads to "panic selling." And this also explains why my good friend is not familiar with the term: he invests in relatively safe, low risk (beta) vehicles.

Sell EUR/USD

2008-01-16T21:02:00.000-08:00

The market is calling again for our service to world trade. Sell EUR/USD, currently 1.4657 and set a stop loss of 1.4722 and take profits at 1.4411.

The J-Chart is shown here:

EUR/JPY Short Position Closed for +380 Pip Profit

2008-01-15T21:43:00.000-08:00

Profit target of 157.38 met from opening sale at 161.10. At this time, I expect the pair to reverse and return to fill in more of the cave shown on the 1/13/08 post J-Chart. I say it is safe to buy here (currently 157.28) with tight stop loss of 157.18 or 157.08.

The J-Chart service has been down with the CME Globex crash of 1/14, so I am reluctant to project lower targets if the pair continues to fall. Nonetheless, eventually the cave will get filled.

Update on the EUR/JPY Short Position

2008-01-15T12:14:00.000-08:00

Hoping everyone is grateful for the opportunity to serve the world trade by selling EUR/JPY. We have hit the first profit target at 158.73. Your choice at this point was to either take some or all of your profits, or move the stop loss to 158.73+ .10 to .20. , that is 158.83 to 158.93, depending on you, your risk tolerance, and your foreign exchange trading broker.

Bearish Signs Point to Falling EUR/JPY

2008-01-13T20:01:00.000-08:00

It has been a while since I have posted to my blog. I hope you have been profiting in the New Year with the nice volatility. Tonight's analysis points to continuing unwinding of the Yen carry trade, as bearish signs indicate the EUR/JPY is about to lose support around 160.50 with 157.38 to come.

First let's look at the "Amazing Stealth Forex Trading System" Click Here! to check this system out.

Here we see a bearish triangle formation and both the stealth indicators showing bearish signals. The triangle formation is classical technical analysis that applies to equities, currencies, etc. The proprietary "Amazing Stealth Forex Trading System" (Click Here! to check this system out)
indicators show RED and YELLOW signals as seen along the bottom of the chart.

Now let's look at the J-Chart:

Here for the EUR/JPY forex pair we see the 500 day balance point at 163.35. The foreign exchange pair has been trading lower, heading to the cave indicated by the green rectangle. Any of the Red lines can be used as stops depending on your risk strategy, and the targets lying below for the FX pair of the EUR/JPY are shown in green.

Enjoy and remember to be grateful for the opportunity to serve your fellow man through facilitating the world economy.

Take a shot at selling EUR/USD

2007-12-27T23:55:00.000-08:00

I have been out of the market since before Xmas, but this opportunity looks pretty enticing. The currency exchange forex pair EUR/USD has run up to its 70 day balance point, and I sold BIG with the tight stop shown. I will post sometime soon "The Secret" of money management in fx forex trading.

EUR/USD Sell Trade Update 12/20/2007

2007-12-19T23:14:00.000-08:00

The Balance Points continue to move lower as shown on the above J-Chart. Stay the course and look to take profits arounds 1.4085-1.4105.

EUR/USD Stealth Trading System 12/19/07

2007-12-19T11:03:00.000-08:00

The "Amazing Stealth Forex Trading System" Click Here! has confirmed the break out of the triangle and the new channel trend lower. Note the indicator lines changed from green to red and blue to yellow with the break lower. Finally the move I predicted using J-Chart on 12/18 is now underway. See that post for details.

EUR/USD Trade Setup for London 12/18/2007

2007-12-17T22:48:00.000-08:00

A major balance point is setting up at 1.4424, so I am hitting it big now with stop loss of 1.4444 and take profits as shown

USD/JPY Scalp Trade Setup 12/17/2007

2007-12-17T13:11:00.001-08:00

The "Amazing Stealth Forex Trading System"
Click Here! is giving a new sell signal (the bottom line indicators turned red and yellow). Sell now with target of 112.45-50

Forex? What is it, anyway?

2007-12-17T10:13:00.000-08:00

Forex? What is it, anyway?
The market
The currency trading (FOREX) market is the biggest and the fastest growing market on earth. Its daily turnover is more than 2.5 trillion dollars, which is 100 times greater than the NASDAQ daily turnover. (click here to read full market background by Easy-Forex™).

Markets are places to trade goods. The same goes with FOREX. The Forex goods (or merchandise) are the currencies of various countries. You buy Euro, paying with US dollars, or you sell Japanese Yens for Canadian dollars. That's all.

How does one profit in Forex? Very simple and obvious: buy cheap and sell for more! The profit is generated from the fluctuations (changes) in the currency exchange market. The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100! (in general, Easy-Forex™ offers trading ratios from 1:50 to 1:200). If, for example, the exchange rate of "your" pair of currencies increased by 0.6% in the last 4 hours, your profit will be 60% on your investment! Such can happen in one business day, or in a few hours, even minutes. Moreover, you cannot lose more than your "margin"! You may profit unlimited amounts, but you never lose more than what you initially risked and invested. You can implement your choice (the pair of currencies, the volume amount) under any direction to which the market is moving, and yet make profit. It does not matter whether the exchange rate is going up or down: you can always decide to buy Euro and sell dollar, or vice versa - buy dollar and sell Euro. You don't have to physically possess certain currencies in order to perform "buy" or "sell" with them.

How do I start?

Register (Easy-Forex™ offers the simplest and quickest registration process, no obligation); deposit your first trading "margin" amount (credit cards are welcome, only by Easy-Forex™); start trading.

It can't be simpler or easier than that. Need help? We'll provide you with 1-on-1 training and service, as much as necessary (Easy-Forex™ offers real people service, live, in your own language).

How do I trade Forex?

You select the pair of currencies with which you wish to make a Forex deal. You determine the volume (the amount of the deal). You deposit the "margin" (collateral needed to facilitate the deal. Usually - only a very small portion of the whole deal, say: 1% or 1:100). Before you finally activate the deal, you can still "freeze" it for a few seconds. That enables you to either change the terms, or accept it as is, or altogether regret the whole idea. The "freeze" feature is a unique service by Easy-Forex™. When your Forex deal is running (you hold an "open position"), you can monitor its status and check scenarios online, whenever you wish. You may change some terms in the deal, or close it (and cash the profit, if any, or minimize the loss, if any). Moreover, Easy-Forex™ lets you determine a "take-profit" rate, with which the deal will close automatically for you, when and if such rate occurs in the market. Meaning: you do not have to stay near your computer when you hold open positions.

Want to know more? Want to get on-line training? Register here (simple, quick, no obligation), we'll be glad to guide you, every step of the way.

Good luck!

Forex trading involves substantial risk of loss, and may not be suitable for everyone.

New Setup for EUR/USD Trade

2007-12-16T20:05:00.001-08:00

I got stopped out at 1.4430 for a small loss, so now I have completed a new analysis for the EUR/USD. The Stealth Forex Trading System shows red and yellow on the two indicators shown along the bottom of the upper forex chart. For information on the stealth system Click Here!.
This technical currency exchange trading analysis shows concurrence that the EUR/USD Fx pair is trending lower. The J-chart show the completed move to 1.4480, shown as the upper smaller green fractal "triangle." Taking the balance point from this fractal and making a new prediction using the current foreign exchange price about 1.4440 as the apex, the lower end of the "triangle" leads to the target price of 1.4196.

Summarizing:
SELL EUR/USD below 1.4480, STOP LOSS = 1.4488, TAKE PROFIT 1.4196. You may want to give 10-20 pips cushions on the SL and TP.

FOREX is a serious game. Play it with the pros.
Forex trading involves substantial risk of loss, and may not be suitable for everyone.

Opening Set Ups for EUR/USD and USD/JPY 12/16/2007

2007-12-16T15:17:00.000-08:00

Quick post to open the week, charts will follow. I have just entered the (foreign exchange currency forex fx) market with these trades:

Sold USD/JPY at 133.29, STOP LOSS 133.45, TAKE PROFITS 112.70
Sold EUR/USD 1.4407, STOP LOSS 1.4430, TAKE PROFITS 1.4282

http://blog.bpcminc.com

Trade Updates EUR/USD and USD/JPY

2007-12-14T07:51:00.000-08:00

The predicted move from yesterday's EUR/USD forex currency exchange trade setup is complete for a healthy +150 pips. Looks like the EUR/USD will continue lower, but I am out of the market for the EUR/USD since the weekend is here. I generally prefer to be flat over the weekend.

I am still long the USD/JPY at this point as the foreign exchange forex trade setup is still working to the profit target. As the chart below shows, looks like a resonance wall will work to cap the move higher around 114.50. Will look at this more closely as the currency exchange forex pair trades closer to that level, but this will likely be a good place to sell USD/JPY.

Stealth Forex Trading System Charts for EUR/USD and USD/JPY

2007-12-13T14:51:00.000-08:00

Realized I did not show these for my trade recommendations. Important thing to see is the concurrence of the red/green and blue/yellow indicators along the bottom of the screens. When they show red and yellow, SELL. When they show green and blue, BUY.

This system is available by clicking here Click Here!

New Trade Set Up for EUR/USD 12/13/2007

2007-12-13T14:30:00.000-08:00

Click on the above forex J-Chart for the EUR/USD to see full screen. What we see here is the predicted move to 144.75. So the forex currency exchange trade is to SELL EUR/USD with a STOP LOSS about 146.61 or so and a TAKE PROFIT of 144.75 give or take 10-20 pips.

I focus on the USD/JPY and EUR/USD exclusively, and therefore also sometimes trade the EUR/JPY. I think folks are better of being an expert at one or two currencies rather than attempting to trade the multitude of available foreign exchange currencies. I like the USD/JPY and EUR/USD because they are the most liquid (i.e. most actively traded). As for the EUR/JPY, I trade this pair if my predictiond show the USD/JPY and EUR/USD both moving the same direction since USD/JPY*EUR/USD=EUR/JPY.

USD/JPY Looks Ready to Move UP

2007-12-13T14:20:00.000-08:00

Click on above forex J-Chart image to see full size. What we see is the predicted move to 114.32. So, BUY USD/JPY and set SL below 111.68 and TP below 114.32. I usually use a 10 to 20 pip cushion fo the SL and TP. By the way SL = STOP LOSS and TP= TAKE PROFIT. Good trading with USD/JPY currency exchange forex trade analysis.

USD/JPY Finds the Cave 12/12/2007

2007-12-12T17:20:00.000-08:00

As expected to USD/JPY currency exchange forex pair could not resist being drawn to the cave. I expect it will spend some time bouncing up and down to "paint" the cave. So, sell below 112.50 and buy above 111.60 until the energy builds up to escape the cave.

Technical Analysis Review for USD/JPY

2007-12-12T00:12:00.000-08:00

Click on images above to see full screen image. The top chart shows the overnight forex balance point and New York forex balance point before the Fed announcement announcement of a 25 bps Fed Funds rate cut. These major news events very often send the forex market into chaos as seen with the trade drop, but significantly the forex balance point of 110.36 provided support. As seen in the next chart the USD/JPY forex currency pair has traded back towards the earlier forex balance point. I see the significant "deep cave" within the unmanifested trades that will necessarily occur within the area shown.

Something to think about is that any trade made "now" is paired with a "future" trade, i.e. a stop loss or take profit to close the position. In my way of looking at the "future" of the forex market, the closing trade exists now, but is not yet manifested....that is the closing trade is not yet within the markets present knowledge, but as the market knowledge inevitably grows, another "now" will learn the value of the closing trade. So in essence, all market trades are completely known now. Think about that for a bit and understand the power of J-Chart.

There is a Science to Getting Rich.

Post Fed Recommendation: Buy USD/JPY now

2007-12-11T13:18:00.000-08:00

And keep buying on any pullback to 110.20, with SL at 109.84 and TP of 114.48. The key minor balance point of 110.08 provides support after the chaos move lower. The major balance point remains at 114.68 and equlibrium will draw the forex currency pair USD/JPY higher very soon.
If 109.84 gives way, the I expect a move to 108.60 quickly and the pair may remain between 108.60 and 110.10 for a while while the equilbrium stabilizes around the 110.08 balance point. I will post the J-Chart this evening to show everyone what is happening.