Comments on: EUR/JPY: Resistance breaks; next level above 140.50

By: tsmitty

tsmitty — Fri, 29 Nov 2013 07:49:51 +0000

Looking for a pullback on eur/jpy to 138 to buy in. Any thoughts?

Thanks

By: Abdullah Hussain

Abdullah Hussain — Fri, 29 Nov 2013 02:34:33 +0000

In reply to fxgai. I hear you fxgai, still i can remember even the chart which was posted in this incident, and everything was pointing towards a long, still as you said, i personally didnt feel comfortable so didn't proceed with the trade. I even remember reading Tom Stomplers recommendations from JPMorgan in october going short at 97.5 usd/jpy or something and FXWW888 in the chatroom was against the trade, and i agreed with 888, in november a article was published mentioning the losses JPMorgan incurred for its clients based on "expert opinion" so i hear you, i take all advice with a grain of Salt, Unless of course if it comes from Sean!

By: fxgai

fxgai — Fri, 29 Nov 2013 02:17:00 +0000

The pros get it wrong from time to time too – only ever take a trade if you are personally comfortable with it!
I am not long Euros either unfortunately, but we just never know when the next debit crisis sparks up there. (Maybe we are past that, I don’t know, but I prefer to buy GBP if I want to be long Europe).

By: Abdullah Hussain

Abdullah Hussain — Fri, 29 Nov 2013 02:12:19 +0000

Hey Sean, i should have bought this pair instead of sticking to usd/jpy only, still happy with my choices, But In your Chat room, in the techinal section Mary or Milan called for 140+ In October i believe for eur/ jpy, i should have joined then and would be 800 pips richer! Should have listened to the Pro’s in the chatroom…theres always next time…