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  • #801
  • Feb 3, 2008 11:27pm Feb 3, 2008 11:27pm
Quoting Tiki Trader
Remember though I was directing at bones... !!! I have weekly trades going.. so my balance has not moved in the last week... starting to bum me out a bit... I will be looking for some pips this week...
thanks Tiki,for the extra advice ,very much appreciated.

I still think this week is going to be v bullish for pound not just on the pin
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #802
  • Feb 4, 2008 2:26am Feb 4, 2008 2:26am
Im thinking of going ahead and taking a short at this area on the gbp/jpy. We are at resistance and just finished the daily retracement. I think we will end the day bearishly now.
I dream, therefore I become.
  • #803
  • Feb 5, 2008 3:39pm Feb 5, 2008 3:39pm
I plan on adding more shorts on the gbp/jpy at the daily close. It will be closing very bearishly and more or less as a pin bar. I look to see around 208 tomorrow and much lower in the coming weeks.
I dream, therefore I become.
  • #804
  • Feb 5, 2008 5:16pm Feb 5, 2008 5:16pm
Quoting mike w
I am looking at a perfect entry opportunity on the 4 hour eur/jpy to jump into that short for a longer ride down. The daily and weekly are all coinciding that we will see lower price from here. If this bar closes as I think it will, then I will be shorting.
I have played all day with the idea to short. Everything just said that. Then I have opened at 157.50 just to close it 50 pips later. No confidence coz I do not like much the 4H chart. And now it falls like a stone.
.
  • #805
  • Feb 5, 2008 8:50pm Feb 5, 2008 8:50pm
Quoting bullrock
I have played all day with the idea to short. Everything just said that. Then I have opened at 157.50 just to close it 50 pips later. No confidence coz I do not like much the 4H chart. And now it falls like a stone.
lol, it happens to all of us man. Higher timeframes told me all week that it was going to drop this week. I just waited for it to play out, even though it did make me leary throughout the week.
I dream, therefore I become.
  • #806
  • Feb 5, 2008 8:52pm Feb 5, 2008 8:52pm
Quoting mike w
lol, it happens to all of us man. Higher timeframes told me all week that it was going to drop this week. I just waited for it to play out, even though it did make me leary throughout the week.

i hera ya mike its about time it went where it was supposed to lol dang geppy!
  • #807
  • Feb 5, 2008 8:54pm Feb 5, 2008 8:54pm
There is a solid pin bar off of resistance on the usd/jpy. I am entering short on this position, along with my gbp/jpy trades. I look for the usd/jpy to spur the gbp/jpy downwards once it drops. (duh)

Other than that, I am looking over other dailies now and will post if anything looks enticing.
I dream, therefore I become.
  • #808
  • Feb 5, 2008 8:55pm Feb 5, 2008 8:55pm
Quoting dagoods
i hera ya mike its about time it went where it was supposed to lol dang geppy!
Thats right man! haha

We will see even lower lows by the end of the week. Im saying that just based off of weekly timeframe charts. Tell me how much easier that is than trying to figure it out looking at hourlies or 4 hour charts lol
I dream, therefore I become.
  • #809
  • Feb 5, 2008 9:00pm Feb 5, 2008 9:00pm
Check it out, I'm looking for a picture perfect entry to get into that usd/jpy trade. How? By looking at lower timeframe charts. This last hour closed as a bullish pin, which tells me we should see some upwards movement. Then, once we get to resistance, I look to short from there IF it gets that far. If not, oh well, I already have a core position blinking me in the eye.
Attached Image (click to enlarge)
Click to Enlarge Name: picture perfect entry on jpyyy.gif Size: 10 KB
I dream, therefore I become.
  • #810
  • Feb 5, 2008 9:22pm Feb 5, 2008 9:22pm
Hmm, check out the eur/chf daily chart.

Always an opportunity somewhere in this market.
I dream, therefore I become.
  • #811
  • Feb 5, 2008 9:27pm Feb 5, 2008 9:27pm
Quoting mike w
Hmm, check out the eur/chf daily chart.

Always an opportunity somewhere in this market.
Is it true eur/chf and eur/jpy follow each other? If thats true the daily pin pars of each look to be going en different directions.
  • #812
  • Feb 5, 2008 9:31pm Feb 5, 2008 9:31pm
Quoting pip_designer
Is it true eur/chf and eur/jpy follow each other? If thats true the daily pin pars of each look to be going en different directions.
Hey Pip Designer, good to see you. I dont follow much on correlations and so I cant answer that. All I know is that one looks to be a good setup and the other was good a few days ago. What timeframe are you talking about for the eur/jpy? On my charts, Im not seeing a pin bar. Just a lot of down movement.
I dream, therefore I become.
  • #813
  • Feb 5, 2008 9:33pm Feb 5, 2008 9:33pm
Quoting pip_designer
Is it true eur/chf and eur/jpy follow each other? If thats true the daily pin pars of each look to be going en different directions.
Both look to be headed down anyways. Im not sure? I think we will see a fairly large retracement for the eur/jpy though.
I dream, therefore I become.
  • #814
  • Feb 6, 2008 1:42am Feb 6, 2008 1:42am
More shorts comin your way. lol On g/j. If we break this line of support.
I dream, therefore I become.
  • #815
  • Feb 7, 2008 10:15am Feb 7, 2008 10:15am
It really doesnt get any easier than that folks. Perfect setups with price action showing the way. If you dont already know about P A, Learn it. First, the weekly charts screamed lower at you, and then you could have confirmed throughout the week by the daily charts.
I dream, therefore I become.
  • #816
  • Feb 7, 2008 12:04pm Feb 7, 2008 12:04pm
Im looking for possible opportunities on the gbp/jpy and aud/usd daily when they come out.

I look to see the aussie as a bullish pin off of support, and I look for the gbp/jpy to possibly close bullish. I wouldnt trade the gbp/jpy up, but instead I would look to wait for a retrace then short again.
I dream, therefore I become.
  • #817
  • Feb 7, 2008 12:30pm Feb 7, 2008 12:30pm
Mike,

Do you mind if I post my analysis of certain pairs in your thread and ask for feedback on the thought process.
  • #818
  • Feb 7, 2008 12:38pm Feb 7, 2008 12:38pm
Quoting Eklavya
Mike,

Do you mind if I post my analysis of certain pairs in your thread and ask for feedback on the thought process.
Definitely man! Shoot for it and I'll try to find what I see out of it.
I dream, therefore I become.
  • #819
  • Feb 7, 2008 1:05pm Feb 7, 2008 1:05pm
I guess I should've posted this earlier, but I am out of short trades on the gbp/jpy and eur/jpy until we see this daily close or until we see a turnaround on this upmove.
I dream, therefore I become.
  • #820
  • Feb 7, 2008 2:26pm Feb 7, 2008 2:26pm
Im taking a short term short on the aud/usd. It bounced off of resistance on my 4 hour chart and now I am going to be looking to see a lower close.
I dream, therefore I become.
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