GBP/JPY charts

These are the PoundYen charts I look at.

So, how do I make the chart appear as a thumbnail in stead of an attachment ??

Not sure about the thumbnails but for the future you might be interested in posting JPEG or GIF files. BMPs are too large and consume too much bandwidth (maybe that is even the reason why there is no thumbnail).

I'm thinking it might be even easier to setup a demo account with all the charts loaded and then just give you guys the password. You could login and look at the same thing.

15 min chart

Thanks, branco... here's the 1 hour GBP/JPY

This chart might look better. The 1 hour chart shows long from about 228.20, and the 15 min green line (EMA 128) comes in 228.45

Except for yesterdays dip,... Long looks good on these charts.

The daily pivot point is marked by the yellow dotted line at 228.35,.... a decent buy point as it turns out today. Of course, "out before data" at 4:30 am (all times are New York EST).

Smaller time frames are used for entry points or early change in direction indicators.... I'm not a buy and hold for the long term kind of guy.

So, in looking for an entry point, I would be much more likely to go long where the green arrows are, and short where I have drawn the red arrows on this 5 min chart. Stops are kept mentally tight, with a hard stop always in place. I see a few trades today worth 20 to 50 pips. I have this even further refined, and these are the charts I look at. btw, I'm a serious trader, I'm just new to this forum.

Happy trading everyone,
price

Here's an old picture I dug up. It's that same 5 min chart and the same chart setup on the 1 min timeframe. The yellow arrows are at the same point in time. On that particular day,... I bought it. These are the charts I look at.

Cheers,
price

The 1 minute chart right now,... 1 min charts can be used as a momentum indicator. The price action has lost a little steam here with the market holding under the 50 SMA, with the 200 SMA below.

Q:

[quote=price Q:

I think this up move is showing a lot of weakness on that chart. It is certainly not the 100 mph trade that we all Love to bank.

The 5 min chart is holding a long signal as well as the 15 min and 1 hour charts above.

Oh , and I take criticism quite well btw,.... the silence is kind of rough but,...

with this break above 228.65 here, I don't see any short signals.

LOL, oh I'm in the beginner Q & A section. didn't know that. Maybe I'll re-visit this in the adult section later.

Cheers

My other chart is a variation of Hakuna Matata's lines. Market is still looking long !!

And as far as scalping goes,... this is surgical. The long trade is out.

The 1 minute chart as a momentum indicator and early change of direction indicator is justified while used in context. I'm not advocating a 1 minute system. But, as an example, if I were still long from an hour ago, or so, there is no way that I would have held that trade PAST the 10:31 am (New York) screenshot I took. 228.55 / 60 area

In this chart, do you see the Green arrow ? It is the space between the market and the first gray line we're looking at. (Marked by green scribbles).

This space where the market is not even touching that ema = Downage. OK I made that word up but,... here's the pic.