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Lets Talk GBP/JPY "the geppy"

  • #81
  • Feb 5, 2008 9:38am Feb 5, 2008 9:38am
excellent close for the day.

in addition to just pivots, GJ also follows series which makes it extremely predictable, a combination

GJ went up 144 pips and dropped 89 pips from previous day close, bothe being fib series numbers.
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  • #82
  • Feb 5, 2008 4:45pm Feb 5, 2008 4:45pm
Why is GJ so predictable ???

To answer this question, let me take 2 charts, one is in series format and the other is in pivots format.


Now, the thing to be understood here is that the Pivot levels once broken in normal trading conditions then the next level must be achieved, however in strong spike conditions it does not apply.

A careful analysis of both the series pattern and pivots gives the trading pattern to be expected for the entire day ahead pr the next 24 hours.


Lets say in chart 1, we have a series chart, here +89 comes closer to 210.07 approximately which is Pivot on the pivots chart, so i do expect GJ to go to the Pivot as trade #1.

After this the +144 line is way off both Pivot and R1, so this is highly unlikely, which means GJ will bounce from the Pivot and go to either S1 or S2 to complete the trend move for the day.

Watch !!!
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  • #83
  • Feb 6, 2008 4:20am Feb 6, 2008 4:20am
Commoooooooooooon now... just a little bitty...
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"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #84
  • Feb 6, 2008 4:26am Feb 6, 2008 4:26am
Quoting effilang
Commoooooooooooon now... just a little bitty...
it will be 207 not just a little bitty
  • #85
  • Feb 6, 2008 12:46pm Feb 6, 2008 12:46pm
Fib Series is as follows

0 0 1 2 3 5 8 13 21 34 55 89 144 233 and so on

here each number is a sum of previous two numbers.

2+3=5
3+5=8
5+8=13

and so on

Now lets say Monday's close was 100

the levels become
100
101
102
103
105
108
113
121
134
155
189
244

and so on

we take the value of fib series in pip terms and either add to get upper levels or subtract to get lower levels.
  • #86
  • Feb 6, 2008 12:59pm Feb 6, 2008 12:59pm
Can I have 189 as final GJ price then?
Trust price. Know yourself.
  • #87
  • Feb 6, 2008 1:33pm Feb 6, 2008 1:33pm
Quoting SeekingLight
Can I have 189 as final GJ price then?
199
  • #88
  • Feb 6, 2008 2:30pm Feb 6, 2008 2:30pm
LOL, I am no good at prediction. Much better at Postdiction. LOL

BUT, I say 193.74 on or about 02/25/2008

Lets see if I am even close. This is of course just for fun. Please don't trade on my predictions, because I don't.
  • #89
  • Feb 6, 2008 2:40pm Feb 6, 2008 2:40pm
Quoting smjones
LOL, I am no good at prediction. Much better at Postdiction. LOL

BUT, I say 193.74 on or about 02/25/2008

Lets see if I am even close. This is of course just for fun. Please don't trade on my predictions, because I don't.
Thanks for the tip Scott! Just opened a new postion targetting that magic number

Only joking too hehe - hope you're keeping well btw...

Steve
  • #90
  • Feb 6, 2008 2:44pm Feb 6, 2008 2:44pm
Quoting steviet
Thanks for the tip Scott! Just opened a new postion targetting that magic number

Only joking too hehe - hope you're keeping well btw...

Steve
Yes, I have had a great month so far... But this would be a lot easier, if we were allowed to predict the past. I can do that with nearly 100 % accuracy.

I could get 100% if I could manage to pay attention better.. LOL...

take care steve....

Scott
  • #91
  • Feb 8, 2008 3:01am Feb 8, 2008 3:01am
Quoting smjones
Yes, I have had a great month so far... But this would be a lot easier, if we were allowed to predict the past. I can do that with nearly 100 % accuracy.

I could get 100% if I could manage to pay attention better.. LOL...

take care steve....

Scott

I was just playing around with light, I do not believe in predicting or forecasting, I believe in what the charts have to give me in the present.

I locate the general trend then trade on the current trend, that is level by level.
  • #92
  • Feb 8, 2008 3:56am Feb 8, 2008 3:56am
Quoting forexlion
I was just playing around with light, I do not believe in predicting or forecasting, I believe in what the charts have to give me in the present.

I locate the general trend then trade on the current trend, that is level by level.
I was not posting in light of your posts, I was just offering light conversation.LOL..

Scott
  • #93
  • Feb 13, 2008 9:41pm Feb 13, 2008 9:41pm
Quoting smjones
LOL, I am no good at prediction. Much better at Postdiction. LOL

BUT, I say 193.74 on or about 02/25/2008

Lets see if I am even close. This is of course just for fun. Please don't trade on my predictions, because I don't.
I got that same number last night but after yesterday's news I'm not sure about the date prediction. May be this is time to apply that fib timezone $#!7
  • #94
  • Feb 14, 2008 2:38am Feb 14, 2008 2:38am
Quoting im7i4z
I got that same number last night but after yesterday's news I'm not sure about the date prediction. May be this is time to apply that fib timezone $#!7
Could be... maybe some time in the first part of the first week of March?
  • #95
  • Edited 12:46pm Feb 14, 2008 12:34pm | Edited 12:46pm
Quoting smjones
Could be... maybe some time in the first part of the first week of March?
My bullish speculation was that by 10th feb we will see 213.65 which is already 5 days late due to US service sector data last week. 198 should be a key point in between IMO so not really sure how long the stimulus package can hold it down.

My short is taken (now) based on this

Really no idea about "when" :-)

PS: Just predictions. (Yes, my fibs r belly up)
  • #96
  • Feb 27, 2008 12:07pm Feb 27, 2008 12:07pm
Next leg down coming up or no?
Trade what you see, not what you think.
  • #97
  • Feb 27, 2008 12:23pm Feb 27, 2008 12:23pm
Quoting karmostaji
Next leg down coming up or no?
Maybe, maybe not. I went long 30 minutes ago at 210.95 based off of the trend I drew in below, yet closed out at 211.14 because it is still dicey.
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  • #98
  • Feb 27, 2008 1:02pm Feb 27, 2008 1:02pm
If we continue to see prolonged EURGBP strength coupled with USD weakness impeding any progress on USDJPY then GJ will have a hard time indeed.
Trust price. Know yourself.
  • #99
  • Mar 3, 2008 1:54am Mar 3, 2008 1:54am
The dragon is moving lower but perhaps we are about to see a retracement in next 20 hours or so. Had an awesome run so far.

Tonight's US data would be a key release IMO.
  • #100
  • Mar 6, 2008 8:00am Mar 6, 2008 8:00am
Quoting im7i4z
The dragon is moving lower but perhaps we are about to see a retracement in next 20 hours or so. Had an awesome run so far.

Tonight's US data would be a key release IMO.
yeah awesome run indeed
Imanuel Parsifal
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