Perfect Head & Shoulder In GBPJPY_crash_again??

Hmm .............
Ever Wonder where this fits into the big picture :surprised ?

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Can't say I have.. So please elaborate, how will a reverse H&S on USD/CHF affect GBP/JPY?

everyone is looking at a 1 week chart pattern and wavez marches out a 2 hour chart to "clarify" the big picture.....precious.......

I know! And of a totally different pair..

come on people, be nice - dont you remember what it felt like to be picked on by bullies and laughed at at school - or was that just me? anyway we now have a short term reversal pattern on USD/CHF. A dollar bounce or even an extended rally does not negate the probility of an equities market collapse and the corresonding fall in GBP/JPY. It actually fits quite well as traders move funds from high risk equities and carry trades to low risk USD backed bond markets causing the dollar to rise. Meanwhile I am going to go long USD/CHF. Thanks for posting the chart pattern marketwavez

well done spiderforex for alerting us to probably the most powerful chart pattern there is. Ive done well without capturing anything like the whole move. Still a few hundred pips left to go from my original projection of 1.92 and the probability of that target being hit are pretty good given the current fundamentals. Thanks everyone and congratulations to anyone who took action on this pattern - It was not an easy ride down, I had a 300 pip loser caught out in one of the big retracements but I finished way in front overall from the short bias this last few months I,ll leave you with my best trade ever taken on the EUR/JPY on fri and closed out today(monday) during asia for +470 PIPS

Well, It seems the time has come again for a big crash southwards.

I have found its always better to trade one big wave than scalp or 1H or 4H or even trade daily candle, weekly or monthly trade seems to give the biggest profit.

Easier said than done, even though it was analyzed that the big crash was coming last year, few of us were able to trade it fully as it was our first time, I think this leg down should be profited from the past experience we had, so im restarting the thread again and letting go of all my short term trade and taking a full short trade.

Its better to be a George soros one time than a day trader all the time

I'm short GBPJPY from 149.66, i could have shorted from 158 onwards that was my real hunch, but only decided to abondom short time trading today and go full.

No stop loss cos it does not matter, cos my whole account balence is for play, so if one takes a trade, know that you are putting the money to loose not to win hehehe.


My target is 120 area in GBPJPY, so daily up and down may come but even if the PIP jump to 1000 PIPS im safe but not above 160 area.

I think this leg down could make us millionare or atleast around 100,000 dollar mark hehe..

Its not baseless, I had used the same technique that were used to predict the big fall last year. and im late by around 1000 PIPS cos of me trading intraday.

But still we can make around 3000 PIPS by this year end.

Be ware, trading and reading is like sun and the moon, it may sound easy but trading long term is equally difficult , you need to let go of your account and be in a vacation mood all the time.

Just try to build a pyramid more and more when the leg go down and close in on the profit, divide the lots etc, but do not close the account too soon.

Lets hope we share further our adventure in this great ride downwards...

Good Luck.

M.A.C.Doug, where are you buddy, Whats your take on the short from now onwards in GJ.

for forex, too early to say

if dow crash to 6k, fed will print more usd as stimuli, so why holding usd to wait for devalue?

risk aversion should go to gold, but gold is not up yet.

technically perfect pattern, no doubt.

Yep...Gold is also nicely hooking up with reverse head and shoulder and potentially blast itself upwards to 2000 level by the year end.


I'm just waiting for the August mid to go long on Gold..which should be a solid base to trade gold.

This was one of my favourite shampoo's of all time. Made a shed load of pipparoonies from this one.

hehehe good one..

This is what im talking about folks...I give you an ultimate example to make up your mind to trade weekly and monthly charts.

if you look at the attached chart, you will find THV trix and trider2 trading systems combined but these were made for lower time frames, but if you take a look at weekly chart....


We only needed four trades since July of 2007 to make more than 20,000 PIPS in GBPJPY.....that is around 37 PIPS per day guaranteed, has anyone done that day after day trading on lower timeframe i doubt that.

but the above statement is very easy to say, cos we have the past to judge and the market was high volatile and in one direction how convenient

I'm not saying, i perfected trading long time, i was also trading shorter timeframe and gave up on my longer timeframe trading once the big wave down was over, but i realised that, weekly trading offers much more than scalping and intraday combined.

One thing we need more than anything is MONEY MANAGEMENT which is to be perfected while trading higher timeframes.

The the reason the chart is more useful now is, the Trix has just crossed the weekly chart to red....ummmm...so we could be just at the beginning of a rally downwards...may be...

We know trading is inherently risky adventure...but i find weekly and monhtly chart trading to be the least riskiest and highly profitable.

Good Luck.