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GBP/JPY Trendline Traders

  • #61
  • May 5, 2008 6:41pm May 5, 2008 6:41pm
Quoting forexlion
Enjoy the ride all the way to 220 area

This is daily chart.
I like ur chart forexlion, and just looking at the last two weekly candles, they sure do look BULLISH. Inside daily candle today, since PA needed to rest and markets closed, so a break above today pivot at 207.25 and I will try out some LONGS to first retest the triple top, then maybe maybe maybe break it.

cheers
  • #62
  • May 5, 2008 8:19pm May 5, 2008 8:19pm
Quoting triad
hello fxorce

would it be possible to get the stochastic indifrom you .
thx
Triad;
Here is the link to MTF stochastics: http://codebase.mql4.com/3367
Here is bringing sexy back stochastics: http://forexfactory.com/showthread.php?t=13321

Both are good.
It really is that easy.
  • #63
  • Edited May 6, 2008 1:31am May 5, 2008 8:34pm | Edited May 6, 2008 1:31am
Looking at the GY daily chart some more, I saw some differences between my mt4 daily closing at 0hrs GMT and my accuchart daily at 2100 GMT that gave me another perspective on the push up. It only looks like this with a 2100 gmt candle beginning.

I'll be watching to see if this pattern holds this week or not. A solid Daily Close above 207.70/80ish should help confirm longs.

If it hasn't broken by this weeks end, then I'm wondering why it would, based on fundies alone. 3 weeks seems like a long time to maintain momentum in this market...
Attached Image (click to enlarge)
Click to Enlarge Name: GY Daily close1.png Size: 80 KB
FUBAR...
  • #64
  • May 6, 2008 7:47am May 6, 2008 7:47am
HI ALL
i see fall on GJ in the next days
  • #65
  • May 6, 2008 7:51am May 6, 2008 7:51am
agreed if USDCHF stays below Daily td line we should move down. Sorry for quoting USDCHF but i have not analyzed GBPJPY yet.
USDCHF expected selloff 400 pips total. 220 pips in the next two days.
It really is that easy.
  • #66
  • May 6, 2008 9:30am May 6, 2008 9:30am
Quoting hussin naiji
HI ALL
i see fall on GJ in the next days
loop variant
Attached Image (click to enlarge)
Click to Enlarge Name: ена d.gif Size: 32 KB
???? ????!
  • #67
  • May 6, 2008 10:34am May 6, 2008 10:34am
I wanted to post earlier but got held up with the wild spike off the 4hr trendline on S&P500. Attached is my forecast of GBPJPY.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: -576.png Size: 17 KB
Click to Enlarge Name: -575.jpg Size: 179 KB
It really is that easy.
  • #68
  • May 6, 2008 10:40am May 6, 2008 10:40am
Quoting ak4x
Looking at the GY daily chart some more, I saw some differences between my mt4 daily closing at 0hrs GMT and my accuchart daily at 2100 GMT that gave me another perspective on the push up. It only looks like this with a 2100 gmt candle beginning.

I'll be watching to see if this pattern holds this week or not. A solid Daily Close above 207.70/80ish should help confirm longs.

If it hasn't broken by this weeks end, then I'm wondering why it would, based on fundies alone. 3 weeks seems like a long time to maintain momentum in this market...
What is 207.67?
  • #69
  • May 6, 2008 11:26am May 6, 2008 11:26am
Quoting SBrickman
What is 207.67?
LOL - look at the chart 5 posts above.........or your own charts - its quite important area if you trade GJ....http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #70
  • May 6, 2008 11:32am May 6, 2008 11:32am
Quoting The Fxorce
I wanted to post earlier but got held up with the wild spike off the 4hr trendline on S&P500. Attached is my forecast of GBPJPY.
Mm, is the pale blue line on your GJ chart a free hand mirror image, or something more esoteric?
Trading Levels with WRBs
  • #71
  • May 6, 2008 11:36am May 6, 2008 11:36am
Quoting The Fxorce
agreed if USDCHF stays below Daily td line we should move down. Sorry for quoting USDCHF but i have not analyzed GBPJPY yet.
USDCHF expected selloff 400 pips total. 220 pips in the next two days.
below 1.0300
  • #72
  • May 6, 2008 11:38am May 6, 2008 11:38am
Quoting psv
loop variant
namely a new low for GJ
  • #73
  • May 6, 2008 12:23pm May 6, 2008 12:23pm
Quoting The Fxorce
Totally free hand and not meant to be a mirror but price tends to mirror itself often so i apologize for that.

I just put this USDCHF image on my blog. Look for a sell at the blue dot of destiny.

You're getting way off base from what this thread was started for.....

"This thread is purely for GJ trend line traders, I will appreciate if we keep the topic of discussion here purely to trendline trading."

.....and whilst I'm interest to hear the rational behind your blue dot - and using gann, fibonacci and lucas I can creat the same blue ellipse, shouldn't we discuss this elsewhere?
Trading Levels with WRBs
  • #74
  • May 6, 2008 7:12pm May 6, 2008 7:12pm
GJ 4H rising wedge spotted.
Attached Image
  • #75
  • May 7, 2008 2:41am May 7, 2008 2:41am
Here's the bigger picture.....the strong rally from the April 11th low stopped at the 209 level and retraced 50% to the yellow line - the 203.50 area.

The two bounces from this level have both failed to break the 209 level and GJ is now heading down again towards this yellow support line, having broken the channel mid line and the steeper blue gann trend line.

The low so far at 205.50 yesterday was at the 61.8% retarce of this current 550 pip range. It must hold if GJ is to continue upwards - Time Will Tell
Attached Image (click to enlarge)
Click to Enlarge Name: may 6 gj 4hr 0630.gif Size: 19 KB
Trading Levels with WRBs
  • #76
  • May 7, 2008 12:56pm May 7, 2008 12:56pm
I have similar looking chart but i dont think i could have painted a better picture than in your post. keep up the good work and keep posting your charts. Thanks
  • #77
  • May 7, 2008 3:23pm May 7, 2008 3:23pm
Quoting Islander
Here's the bigger picture.....

The low so far at 205.50 yesterday was at the 61.8% retarce of this current 550 pip range. It must hold if GJ is to continue upwards - Time Will Tell
Well, Islander, currently at 204.45, it looks like time told...
FUBAR...
  • #78
  • May 7, 2008 11:15pm May 7, 2008 11:15pm
Quoting The Fxorce
I wanted to post earlier but got held up with the wild spike off the 4hr trendline on S&P500. Attached is my forecast of GBPJPY.
good job
  • #79
  • May 8, 2008 12:38am May 8, 2008 12:38am
Quoting ak4x
Well, Islander, currently at 204.45, it looks like time told...
LOL - yes, the US market voted with the bears and the Asians have followed.

Now an hour before the Frankfurt Open the yellow 203.50 line has been tested and the lower green uptrend line is at 203.20 - yet to be hit.

Today will focus on GBPUSD for the BOE rates and also the Euro rates - both are expected to remain unchanged, so lets see if the lower line holds.....
Trading Levels with WRBs
  • #80
  • May 8, 2008 9:47am May 8, 2008 9:47am
http://i27.tinypic.com/ih026u.gif

Double bottom on the H1?
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