Thread: Trading the JPY crosses using S and R

So You Agree To Say The Jpy Should Go Down, If The Dow Is Up?
And What Indiors Do You Use To Technical Analysis?

If the dow is upward, the JPY goes down along with the jpy crosses goes up...I use fibs, murray maths and linear regression for my trading....so great trading platform as such. . .just plain and pure price action, market texture, S and R..

GU has broken thru resistance at 1.9885....those who dont like risk can await rest of 1.9900 to input...

Originally Posted by ;

if the dow is up, the JPY goes down along with the jpy crosses goes up...I use fibs, murray maths and linear regression for my trading....so good trading system as such. . .just plain and pure price action, market texture, S and R..

AND WHAT TIME FRAME CHARTS DO YOU USE?

I usually use the 1H timeframe charts. . .but sometimes I switch to the 15M charts as well to find the intermediate S and R points...

As mentioned previously, the EJ has experienced a nice 15 pip run from its service at 155.37...

So too has GU. . .supports are the areas in which the pair will break before going up again. . .it is where of going up, the odds are greater than chances of going down. . .vice versa for resistance....

So as u can see, GU has taken up out of its support at 1.9885...

Suppirt for gj at 228.34....will have to determine how it retains...

Wonderful bounce from the service up to now from gj...

Hello partner my chart says that the first support for gu is 1.9737?