Brave Heart of GBP/JPY

R on 4h will rule the price more than R on 1h

looks like bears are making an appearance

over bought on stochastic & weakly bulish...
if the price closed with the last two candles (( the present & coming )) under R we will see lowest level on S @ 233.50

Hello Pips,
Have been enjoying watching the trades.....was just wondering about the Moving Average you use. I know you said earlier it was a simple, close. I am having a hard time duplicating it on my chart. I understand that it is not necessary to have mine exactly as yours , but was still wondering. In order to get mine to look like yours. I am using 9,Simple, Close, with a 9Shift. Is this close to what you are using? You are to be commended for your giving spirit. Many Thanks........Jim

P.s. my charts are GMT+2 so they will never be "exactly" like yours.......

4get the GMT just watch the chart , candles and S/R ....they will tell you where you should enter or exit...
your MA is the same which i use.... but do not depend on indicators only...
coz they tell you about some situation of the market and some times they follow the price...but u must analyze the market with your logic...
indicators are you mirrors in the market... then use your mind..
regards

Are long trades recommended at this point since the last 4hr and several 1hr candles closed above 234.00?

Also, has there been a decision on the chat room?

There is no confirmation of rising yet.

no confirmation yet

If price breaks this trendline, look out below!!!

may i ask which TF is that?

on H1 chart, price could drop up to 50% fibo....

http://img340.imageshack.us/img340/9...shot001gb5.jpg

however, stochs 8,3,3 is already at over sold area... so there is still no confirmation yet...

IF THE PRICE BROKE S WE WILL SEE MORE DOWN.BUT BY DEFAULT IT SHOULD RETREATE

lucky me, got 100 pips from this fall... stopped by TP because i'm sleep. pips, it's a big move, why we did'nt take action. it doesn't met any of your criteria? if i'm not mistaken, it's a bearish engulfing from the last top at 61.8 fibs.

That was a 4hr chart.

As long as the present 4hr candle (which closes in 40 mins) doesn't close below the 61% fib line I think long trades are still in play.

nice pinbar at 30m TF. maybe i would take buy after last candle close.

All in the balance at the moment.. if news goes against dollar the support could break... scarey economy out there... i just sold all my shares in everything today.. don't want to be in the market for a big drop...

Hallo Pips!

Do you see any direction for this market? It seems to be dancing along your trendline.

Greetings!
Gnat

Awesome avatar. Old school all the way baby. Mile High. Not "corporate whore" at Mile High.

most of the candles on 4h retreated exactly from 50% fibo...
and the highest candles have not breaking 61.8%...
all that was arround 300 pips average of the price since 29/8/2007.
between 50% &61.8%.
we did not enter long after the price pass 61.8% moving up ..
or enter short of passing 50%.
i couldn't find the direction of the price exactly today...and there was not aconfirmation of this diriction....
today i have lost 300 pips of my 3 buy positions opened @ 234.70 price which i made sign X when the rascal hit my stop loss (( 100)) ....

but i did not put this deal in my thread coz it was a critical position but i gambled it... my pip price was 3 usd and i loss 10% of my account....
it was my mistake i confess with that...i did not get good aconfirmation of rising wich i told you by my self.
i hope all the guys to observe the market and know when exactly we must exit before enter