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Brave Heart of GBP/JPY

  • #741
  • Sep 17, 2007 12:40pm Sep 17, 2007 12:40pm
Triangle & S/R On Daily TF
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  • #742
  • Sep 17, 2007 12:46pm Sep 17, 2007 12:46pm
Quoting debtfreedom7
Insyallah I will try my best.....click this link http://www.elliottwave.com/education...=789&lesson=16
THANKS
  • #743
  • Sep 17, 2007 2:18pm Sep 17, 2007 2:18pm
Quoting debtfreedom7
Insyallah I will try my best.....click this link http://www.elliottwave.com/education...=789&lesson=16
Thanks for the link. This course seems to be very good. I guess I will need to work through that several times, but it is the first time I am getting interested in Elliott Wave theory.

Thanks debtfree!
Gnat
  • #744
  • Sep 17, 2007 5:44pm Sep 17, 2007 5:44pm
Quoting Gnat
Thanks for the link. This course seems to be very good. I guess I will need to work through that several times, but it is the first time I am getting interested in Elliott Wave theory.

Thanks debtfree!
Gnat
I like this tutorial.. nice and easy to understand
  • #745
  • Sep 17, 2007 6:54pm Sep 17, 2007 6:54pm
Quoting debtfreedom7
ANOTHER COUNT OR UPDATE FOR GBP/JPY

http://i76.photobucket.com/albums/j1...h416sept07.jpg

GOOD LUCK
DEBTFREEDOM
17 SEPTEMBER 2007 23:50PM MALAYSIA
thanks debtfreedom,

can we say that the ABCDE is a Flat corrective waves? or is it a Running Triangle? please lighten me up.

thank you.
  • #746
  • Sep 18, 2007 1:53am Sep 18, 2007 1:53am
i need 1h chart guys...
coz am in my job
  • #747
  • Sep 18, 2007 2:10am Sep 18, 2007 2:10am
Quoting pipskidnapper
i need 1h chart guys...
coz am in my job
here are the pictuer
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  • #748
  • Sep 18, 2007 2:13am Sep 18, 2007 2:13am
Hi Pips. Hope this is okay. John
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  • #749
  • Sep 18, 2007 2:37am Sep 18, 2007 2:37am
i'm think this might be a cheap zone

collected some at 228.95, stop a hundred points below
spotted bottoming formations...
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  • #750
  • Sep 18, 2007 5:12am Sep 18, 2007 5:12am
moving price still obey the downtrend channel... i'm bored now...
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  • #751
  • Sep 18, 2007 6:58am Sep 18, 2007 6:58am
thanks 4 all guys.....
now we have strong support @ 50% fibo on 4h TF it couldn't break this level..& we have over sold...
now by default it could move up to 231.75 price @ 23.6% fibo...
i reversed the fibo level to see the correction of the price...
but we have down trend on 1h TF it must break it to continue its movement
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  • #752
  • Sep 18, 2007 11:28am Sep 18, 2007 11:28am
Quoting debtfreedom7
NEW UPDATE FOR GBP/JPY ANALYSIS

http://i76.photobucket.com/albums/j1...h418sept07.jpg

GOOD LUCK
DEBTFREEDOM
18 SEPTEMBER 2007 11:26PM MALAYSIA
But somehow there is the possibility of a rate cut this evening in the US and then we are seeing a bullish equity market for sure. As the carries will follow suit I guess that wave three will need to find another way. The positive figures from Lehman Brothers were enough today to jumpstart the market for 200 pips and that is just ONE investmentbank.

More a fundie view - I know
Gnat
  • #753
  • Sep 18, 2007 12:29pm Sep 18, 2007 12:29pm
Quoting pipskidnapper
thanks 4 all guys.....
now we have strong support @ 50% fibo on 4h TF it couldn't break this level..& we have over sold...
now by default it could move up to 231.75 price @ 23.6% fibo...
i reversed the fibo level to see the correction of the price...
but we have down trend on 1h TF it must break it to continue its movement
as we expected ...
the price did not break 50% fibo & moved up to 23.6%
and broke the down trend on 1h TF ....
now we have ahighest levels..
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  • #754
  • Sep 20, 2007 5:48am Sep 20, 2007 5:48am
Fundamentals getting in the way again?

10:30 GBPRetail Sales m/m http://www.forexfactory.com/images/m...mpact_high.gif 0.6% 0.0% 0.7%


Today the GBP Retail Sales printed a so much better than expected picture, that the negative sentiment for GBP due to the Northern Rock fiasco may actually go away.
Therefor I see the logic in the waves, but maybe there will just be an extension to 2 or a wave 3 into a different direction ... third possibility: The special situation on the markets is standing in the way of Elliot's Waves at this point.
To me it seems unlikely that we will face a drastic downward move in this fundamental context. I would rather look at the behaviour of equity markets in the next few days and would assume that carry trades will kick in again. People are greedy and there is a chance to buy GBPJPY with both economies not fully involved in the crisis of the US markets.

Gettings!
Gnat
  • #755
  • Sep 20, 2007 10:22am Sep 20, 2007 10:22am
seems the price down to the most support point @ 230.00 price
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  • #756
  • Sep 20, 2007 11:39am Sep 20, 2007 11:39am
Quoting pipskidnapper
seems the price down to the most support point @ 230.00 price
Do you mean to sell there? I know that I am an hour late now, but so far the price only moved a few pips down. I can see the sell order there. Please let me know.

Greetings & good to hear from you

Gnat
  • #757
  • Sep 21, 2007 4:40am Sep 21, 2007 4:40am
if the price arrived 23.6% fibo @ 233.20 enter short >>
TRGTon 50% fibo @ 231.50
S/L 100
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  • #758
  • Sep 21, 2007 4:51am Sep 21, 2007 4:51am
OK.. I will be watching closely!
  • #759
  • Sep 21, 2007 7:42am Sep 21, 2007 7:42am
I am in now at 233.17. Sell.
  • #760
  • Sep 21, 2007 7:58am Sep 21, 2007 7:58am
Hi Gnat, how big SL u put on this short ?
btw, I am a little bit worry with the USD/JPY that seem still can move up cause on 4H TF RSI not yet really overbought, but on 1H and 30M TF almost really overbought. Looks like GBP/JPY still have a little bit more steam to move up. But let's see what is the result. Hope we will succes on this ride.
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