Attachments: Daily GBP/JPY analysis

Daily GBP/JPY analysis

#14,361
May 10, 2008 2:55pm May 10, 2008 2:55pm

damonl
Joined Oct 2007 | Status: I'm on a 10 year plan. | 4,309 Posts

Here is a post I found in the GU discussion thread and so I thought I would transfer it over here.

Start here--------------------------------------------

Let me show you guys what is in my plans in the next month or so. I have been waiting for this for a long time. I know the Geppy, or ( Hellevator ), as I like to call it, does not belong to this post. But, its close to being the carry trade of your dreams. Me, I'm waiting for this to form a double bottom on this weekly trend line. I will steal this long and keep my stop as short as possible and leave it there. You can see, it has just broken the main uptrend line as the first step and key in heading for this double bottom. It may be a month or 2 away, or it can happen this week, but it will be worth it. 6000+ Pips. This is my pet project.

Jim
Attached Thumbnails http://www.forexfactory.com/attachme...1&d=1210440863

"Keep your eyes on the helpers" - Mr. Rogers

#14,362
May 11, 2008 8:35am May 11, 2008 8:35am

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

Quoting damonl

Disliked

Here is a post I found in the GU discussion thread and so I thought I would transfer it over here.

Start here--------------------------------------------

Let me show you guys what is in my plans in the next month or so. I have been waiting for this for a long time. I know the Geppy, or ( Hellevator ), as I like to call it, does not belong to this post. But, its close to being the carry trade of your dreams. Me, I'm waiting for this to form a double bottom on this weekly trend line. I will steal this long and keep my stop as short as possible and leave it there. You can see, it has just broken the main uptrend line as the first step and key in heading for this double bottom. It may be a month or 2 away, or it can happen this week, but it will be worth it. 6000+ Pips. This is my pet project.

Jim

Ignored

me also...waiting for that golden moment.Only God knows when....

#14,363
May 12, 2008 6:51am May 12, 2008 6:51am

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

so far, within expectation.

#14,364
May 15, 2008 3:39am May 15, 2008 3:39am

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

halo...anybody here...just like dead thread.!!

#14,365
May 15, 2008 12:49pm May 15, 2008 12:49pm

MykeFX
| Joined Dec 2007 | Status: Trader | 545 Posts

Quoting ffujifilm

Disliked

halo...anybody here...just like dead thread.!!

Ignored

I still read this thread... not much action lately.

The GPB/JPY looks like it can't decide which way to go.... Definitely broke the upward trendline awhile ago... now looks like it may want to continue its way up...

#14,366
May 15, 2008 1:06pm May 15, 2008 1:06pm

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

Quoting MykeFX

Disliked

I still read this thread... not much action lately.

The GPB/JPY looks like it can't decide which way to go.... Definitely broke the upward trendline awhile ago... now looks like it may want to continue its way up...

Ignored

becareful...her whippy action this few hours is indecisive..

#14,367
May 15, 2008 10:33pm May 15, 2008 10:33pm

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

Its ranging movement yesterday and continue flat at this moment.Looking at indicators, it still shows a mixed to downside bias. I would see if price penetrate below 203.20(not breakout), downward will prevail or else 205 should be stiff resistance for price to move upside.Well for the target either upside or downside, pls check fibo retracement/expansion as ure reference.For me, i would looking downside signal.Gud luck mike!!

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#14,368
May 16, 2008 12:49am May 16, 2008 12:49am

MykeFX
| Joined Dec 2007 | Status: Trader | 545 Posts

Quoting ffujifilm

Disliked

Its ranging movement yesterday and continue flat at this moment.Looking at indicators, it still shows a mixed to downside bias. I would see if price penetrate below 203.20(not breakout), downward will prevail or else 205 should be stiff resistance for price to move upside.Well for the target either upside or downside, pls check fibo retracement/expansion as ure reference.For me, i would looking downside signal.Gud luck mike!!

Ignored

Thanks, I am still waiting.. looks like downside to me now also... let's see!

#14,369
May 16, 2008 10:58am May 16, 2008 10:58am

MykeFX
| Joined Dec 2007 | Status: Trader | 545 Posts

Well looks like price has broken the 203.30 area on your chart and has now retraced back up to it.... I hope it continues its way down.

Have a good weekend all!

#14,370
May 17, 2008 5:09am May 17, 2008 5:09am

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

Quoting MykeFX

Disliked

Well looks like price has broken the 203.30 area on your chart and has now retraced back up to it.... I hope it continues its way down.

Have a good weekend all!

Ignored

have a good weekend too myke.Already close my short post at 202.70.Hmmm...this is maybe corrective wave...becareful guys.

#14,371
May 17, 2008 3:12pm May 17, 2008 3:12pm

GSGill
| Joined Feb 2007 | Status: Trader | 451 Posts

Imo this thing's gonna be a good short on Sunday till the European Session at least.

#14,372
Edited 6:16am May 18, 2008 6:04am | Edited 6:16am

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

What can I say is, this is corrective move and it is on gray line either bias to upside or downside. It is interesting week ahead and I expecting movement to be unfolded. Technical indicators show a possible move to the upside while price action still showing a lacking downward momentum.PFXs also shows a downward momentum. However, it is better to watch the Critical Line carefully as guide to determine the preferred bias.For me, i will looking for downside signal from PFXs. Gud Luck!!

FXs is my personal indicator

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#14,373
May 19, 2008 6:36am May 19, 2008 6:36am

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

hi others,
any comment or thought...dun make this thread become mummy..

#14,374
May 19, 2008 9:48am May 19, 2008 9:48am

MykeFX
| Joined Dec 2007 | Status: Trader | 545 Posts

So far seems to be stuck in a range... maybe need some news to get it to break out. This week looks a little lite on news tho.. Lets see.

#14,375
May 19, 2008 11:16am May 19, 2008 11:16am

bkoori
| Joined Nov 2007 | Status: Trader | 166 Posts

Possible breakout coming soon if pair exceeds this demark line upward. I will wait holding my gun ready for the big move in the next hours.

BK

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#14,376
May 19, 2008 11:23am May 19, 2008 11:23am

ffujifilm
| Joined Apr 2008 | Status: Be Consistent Profiting Trader | 168 Posts

Quoting bkoori

Disliked

Possible breakout coming soon if pair exceeds this demark line upward. I will wait holding my gun ready for the big move in the next hours.

BK

Ignored

i'll better wait for tomorrow.