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Attachments: GBP/JPY
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GBP/JPY

Quoting bob-dreamer
{quote} Do you still see an up trend in all the pictures? ... What indicator you use? I see W1 and D1 at the maximum before the down trend, H4 is half at the down trend and H1 is almost at the lowest point, before the UP turn, but the PIN did it ... Who is ready for you to buy at UP now? I keep wondering what the boys are going to see and what I don't see ...
The weekly candle is worrying for the bulls, but it needs follow through next week.

H4 is still up and H1 in a bull flag.

As long as 140 / 138 levels are holding the uptrend is still intact and I can vouch for 144.50.

I don't use any indicators. Just price action and few lines around major levels.

As mentioned above 140/138 levels are crucial imo. Will take fresh setup next week.
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Quoting abhilash
{quote} The weekly candle is worrying for the bulls, but it needs follow through next week. H4 is still up and H1 in a bull flag. As long as 140 / 138 levels are holding the uptrend is still intact and I can vouch for 144.50. I don't use any indicators. Just price action and few lines around major levels. As mentioned above 140/138 levels are crucial imo. Will take fresh setup next week. {image} {image}
I hope it's just a PIN before the big rise ... I wasn't home today, I had to be serviced with my phone, I didn't have SL and TP open ... I was waiting for a reverse. Yesterday I failed to climb above 141 ... and I also took 140.5x times as a bottom ...

In the morning at 8.00 my time there was a weak UP trend Pattern, but I was no longer at the PC and it was visible differently on the phone ... So if my Patterns are OK, it should return to at least the top edge of the Flag... I wouldn't want to write off -60 pips..
i think GU GJ found the bottom and they should start flying any time soon

minimum target for GJ should be around 141.4x but if things good then we should see above 144
I don't like what I see. Yesterday I said that the drop patterns are very strong and were not broken ... The first was 142.6 and the second 141.6 ... I got used to it here on the forum and now I'm on the wrong side ...

Weekly HH is exactly 50% of the flag and the shooting star is a clear pattern...

Next week will end at the bottom of the flag and HH will not be higher than H this week ...

And because there are more bears, it could pull down an avalanche ...

Just my opinion...
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On the 4 hour chart I've got 4-hr support at 140.70 and daily support at 140.63 - 7 pips apart. 9 of the last 10 candles have touched or broken below one or both lines, including the current candle. but none have closed below them. That is a hard area for the bear to break but if the current candle does there should be fairly easy movement down for a couple hundred pips. Will see what happens
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Defeat is temporary, but giving up is permanent.
Quoting oordjb
On the 4 hour chart I've got 4-hr support at 140.70 and daily support at 140.63 - 7 pips apart. 9 of the last 10 candles have touched or broken below one or both lines, including the current candle. but none have closed below them. That is a hard area for the bear to break but if the current candle does there should be fairly easy movement down for a couple hundred pips. Will see what happens {image}
My H4 is completely different from yours and that of other guys. That's probably why the information here often confuses me ...

Then I have to go my own way ...
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Quoting bob-dreamer
{quote} My H4 is completely different from yours and that of other guys. That's probably why the information here often confuses me ... Then I have to go my own way ... {image}
Bob... What platform are you useing?

I just looked at my Daily trend line, and it has held up on it right to the 'T'. (on 15M). Just before the 100%down from the last move up. Just have to wait for a conformation to come in. Bob... Where does your chart show you it's going from here?
i bought GJ 140.34

SL & TP later but target should be big
GBP index on support so worth it to go long i should see all gbp flying in next few hours
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Well, I just took a small sell, now that it has closed from the 23.6 Fib... looking at going to around 138.57ish... with a tight stop. But there is a little resistance here...
ok after this drop i have 2 possibilities both bullish but one suggest further correction

so lets see if green or blue will happen
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Quoting msniper
ok after this drop i have 2 possibilities both bullish but one suggest further correction so lets see if green or blue will happen {image}
I think blue but what do I know
Quoting karmostaji
{quote} I think blue but what do I know
I think blue too, but my chart is showing me a little more south... but I am like you... what do I know...haha.

If we get to 60, then it should go to 138.60ish...
Quoting bob-dreamer
{quote} My H4 is completely different from yours and that of other guys. That's probably why the information here often confuses me ... Then I have to go my own way ... {image}
Bob, I think your platform may have a Sunday candle. Most of the platforms combine Sunday with Monday.
Defeat is temporary, but giving up is permanent.
Quoting oordjb
{quote} Bob, I think your platform may have a Sunday candle. Most of the platforms combine Sunday with Monday.
Hi,
Sunday and Monday separately,, but as you can see, I see shooting stars and you don't have them there ... I had a hammer there on Friday and it's not on your chart either ... If I followed only my chart, I would be in the red today profit ... Everyone here is talking about the way north and she still doesn't come ... Yes, she will probably come one day, but how big will the decline be ... If I stuck to the shooting stars and my other indicators, I wouldn't be on the wrong side today and so much in the red ... Everyone here talks about the rising trend, but buys on the decline ... And the decline is already 30% of the previous up trend ... So what to believe here ...

I'm a newbie here, so I'm thinking what they write here who are here much longer than me ... But so far I'm more disappointed with advice ... :-(
Quoting bob-dreamer
{quote} Hi, Sunday and Monday separately,, but as you can see, I see shooting stars and you don't have them there ... I had a hammer there on Friday and it's not on your chart either ... If I followed only my chart, I would be in the red today profit ... Everyone here is talking about the way north and she still doesn't come ... Yes, she will probably come one day, but how big will the decline be ... If I stuck to the shooting stars and my other indicators, I wouldn't be on the wrong side today and so much in the red ... Everyone here talks about...
rookie mistake, NEVER trade based on others trades. They can have different timeframe, different money management, they can respect their SL (you dont), also they can just disappear when wrong, where are you wissard trade ;-)
there is good trader/people in this thread but nobody is giving you trading signal... cut your loss and move on, or wait haha
I'm not waiting for advice on when to buy, but for a few people to agree that there will be some movement and be on the other side ... It just seems weird to me ... I wrote here several times that I see something different than most here predicts ... Well, nothing, I've been trading alone for some time, without a forum ... I'll come back to that ...
Amen, Tragruel. There's a saying, Lions don't lose sleep over the opinions of sheep. You have to believe you're that lion, Bob, that what you see on your charts is what you will trade, and not what anyone else sees. Coming here to chat and getting opinions and ideas is great, but in the end you have to follow your own charts, your own system. If I lose I don't want it to be because I followed someone else's opinion against my own.

And the reason you have different price action - hammers and stars, is because of that Sunday candle. That changes all the other candles. Weekly candles would be identical, but every timeframe below it will be different. I like trading with charts at GMT-0, which is having Sunday combined with Monday, but that's just me.
Defeat is temporary, but giving up is permanent.
Quoting bob-dreamer
I'm not waiting for advice on when to buy, but for a few people to agree that there will be some movement and be on the other side ... It just seems weird to me ... I wrote here several times that I see something different than most here predicts ... Well, nothing, I've been trading alone for some time, without a forum ... I'll come back to that ...
Maybe you could get a demo account with a GMT-0 broker and then you would have the benefit of seeing both charts.
Defeat is temporary, but giving up is permanent.
Quoting oordjb
{quote} Maybe you could get a demo account with a GMT-0 broker and then you would have the benefit of seeing both charts.
I returned to trading this spring. My broker uses his own xStation5 platform. I used to trade and on MT4. I'm thinking of changing the broker, because the broker no longer supports MT4. You probably pay high license fees...
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