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GBPJPY scalpers

  • #841
  • Mar 24, 2008 2:26pm Mar 24, 2008 2:26pm
Quoting kujo17
1H on the GJ has a big Bear Divergence.
I'd guess a drop to at least the 100sma, at 197.78 area.
Maybe it has been a long day but could you provide chart/explain the divergence - can't see it on my charts.

Thanks
History is written by the victors.
  • #842
  • Mar 24, 2008 2:26pm Mar 24, 2008 2:26pm
Quoting sharon_gpl
RRRAM,

I doubled click and got this


<img>The image “http://www.forexfactory.com/attachme...&d=1206392506” cannot be displayed, because it contains errors.
Wonder if it works for anyone else?
  • #843
  • Mar 24, 2008 2:28pm Mar 24, 2008 2:28pm
Quoting sharon_gpl
RRRAM,

I doubled click and got this


<img>The image “http://www.forexfactory.com/attachme...&d=1206392506” cannot be displayed, because it contains errors.
Because your link has the quote in the front as not part of the link but the quotation marks in the back are part of the link.

But either link works for me weather I have the " on it or not and it looks like it isnt even a " its a slanted quotation mark

Elijah
  • #844
  • Mar 24, 2008 2:28pm Mar 24, 2008 2:28pm
My chart shows of u/j possibly tackling 101.50 the daily chart, so if that happens shouldnt gbp/jpy follow higher as well.
  • #845
  • Mar 24, 2008 2:31pm Mar 24, 2008 2:31pm
Quoting rrram2
Wonder if it works for anyone else?
Works just fine for me. No issues:

Sharon: What browser are you using??
  • #846
  • Mar 24, 2008 2:33pm Mar 24, 2008 2:33pm
Quoting kujo17
1H on the GJ has a big Bear Divergence.
I'd guess a drop to at least the 100sma, at 197.78 area.
Agreed the GJ sure does have bearish divergence all over it.
I don't think it has quite turned down yet but it sure does look like it is going to fall soon and hard.
  • #847
  • Mar 24, 2008 2:36pm Mar 24, 2008 2:36pm
Quoting sharon_gpl
My chart shows of u/j possibly tackling 101.50 the daily chart, so if that happens shouldnt gbp/jpy follow higher as well.
U/J appears to have short term peak @ 100.90 with 2 doji candles on hourly with possible retrace to 100.30 or 100.15.
History is written by the victors.
  • #848
  • Mar 24, 2008 2:47pm Mar 24, 2008 2:47pm
Quoting Money-RX
Maybe it has been a long day but could you provide chart/explain the divergence - can't see it on my charts.

Thanks
No chart, but here's the data

1H is showing big Bearish Divergence.

09:00 candle is at 84.106 on the RSI and closed at 198.48

16:00 canlde is at 79.7554 on the RSI and closed price at 200.04

17:00 candle is at 79.4492 on the RSI and closed at 200.12
  • #849
  • Mar 24, 2008 2:48pm Mar 24, 2008 2:48pm
Quoting rrram2
Agreed the GJ sure does have bearish divergence all over it.
I don't think it has quite turned down yet but it sure does look like it is going to fall soon and hard.
I don't think this 1H Bearish Divergence is much more than down to 100sma or so.

I'd bet on 207 area before the full free fall.

Daily has major BULL divergence and 4H is still pointing UP.

1H shifts in direction are only useally 100-200 pip runs or so
  • #850
  • Mar 24, 2008 2:49pm Mar 24, 2008 2:49pm
I am using mozzila firefox
  • #851
  • Mar 24, 2008 2:50pm Mar 24, 2008 2:50pm
Quoting sharon_gpl
I am using mozzila firefox
That may be your problem. sometimes Mozilla has a hard time with forums (for whatever reason)Do you have IE?? If you do, load it long enough to see if you can open the image.
  • #852
  • Mar 24, 2008 2:54pm Mar 24, 2008 2:54pm
Thanks Magnum, works fine in IE,


Sorry RRRAM.
  • #853
  • Mar 24, 2008 2:54pm Mar 24, 2008 2:54pm
Quoting kujo17
No chart, but here's the data

1H is showing big Bearish Divergence.

09:00 candle is at 84.106 on the RSI and closed at 198.48

16:00 canlde is at 79.7554 on the RSI and closed price at 200.04

17:00 candle is at 79.4492 on the RSI and closed at 200.12
Thanks - my 1 hr 9:00 closed @ 198.12 with RSI around 60....?
History is written by the victors.
  • #854
  • Mar 24, 2008 3:04pm Mar 24, 2008 3:04pm
Quoting Money-RX
Thanks - my 1 hr 9:00 closed @ 198.12 with RSI around 60....?
really.... wow.... I'm using MT4 with ODL.
  • #855
  • Mar 24, 2008 3:06pm Mar 24, 2008 3:06pm
the 4H hasn't closed yet, not for another 114 mins, but there seems to be Hidden Bearish Divergence there as well.
  • #856
  • Mar 24, 2008 3:31pm Mar 24, 2008 3:31pm
Quoting kujo17
the 4H hasn't closed yet, not for another 114 mins, but there seems to be Hidden Bearish Divergence there as well.
We'll have to see what happens at the Japan opening - short from 200.31 and ready to bail out quick.
History is written by the victors.
  • #857
  • Mar 24, 2008 3:44pm Mar 24, 2008 3:44pm
Quoting Money-RX
We'll have to see what happens at the Japan opening - short from 200.31 and ready to bail out quick.

The support @199.80 area is stubborn to break, we may likely see it shoot up to the 201 handle soon. Otherwise, it may reach the second support @ 199.20 area before trending up again. The overall trend is still bullish as far as I can see it in the next day or two. Agree?
  • #858
  • Mar 24, 2008 3:58pm Mar 24, 2008 3:58pm
Quoting mktjong
The support @199.80 area is stubborn to break, we may likely see it shoot up to the 201 handle soon. Otherwise, it may reach the second support @ 199.20 area before trending up again. The overall trend is still bullish as far as I can see it in the next day or two. Agree?

In this crazy market anything could happen , hence I like the 4 hour window i trade in. But it does look to be forming a bull flag
Blogging daily now at www.volume.zone
  • #859
  • Mar 24, 2008 3:59pm Mar 24, 2008 3:59pm
I am looking at the daily chart, though the long term view seems to be downtrend but seems like a test of 203/205 seems probable. Any one think it is likely. Thanks
  • #860
  • Mar 24, 2008 3:59pm Mar 24, 2008 3:59pm
I have been conversing with a few traders this afternoon and over 75% of them are bearish on the GBPJPY. This leads me to believe that the market will go higher, before possibly going lower. It is very stubborn to break the trend and looks suspiciously strong, despite all the technicals. Not good for shorters :-(
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