GBP/USD or EUR/JPY or.... Whatever's moving!!

i wanted to ask u about news only because of tomorrows MPC meeting because it might push gbp/cad those 350 pips in one single day.

but thnx anyway and i will definitely look into eur/jpy after all a 0.1 short couldnt hurt

oh ya , and another good entry is to sell the eur/gbp @ market .

Got a whole bunch on those 4 trades long. Now as I get up the E/J has crossed the 89 Smoothy and broke the DPP short. I got in ahead of the test because of the Evening STar formation. Risky entry but confident because stop is just 35 pips.

Jim

Ok, price came back down inside 4 HR Triangle. The rules are: Look for direction out on the 1hr, 4 hr and Daily and enter on the smaller lights. This is a textbook example of that. Although I don't share crasyhorses sentiment. The 4 Hr light is showing room short all the way to around 160.00.

Please, if your going to say where a price is headed, please back it up with some kind of evidence.

Thanks, Jim

hey,, pls tell me how to upload a chart

Now we got the DPP and the 89 tested 3 times and held as shown below. The 89 is showing a little bend down and a break below the 162 area would be golden right now.

After post reply, click on manage attachments then upload from anywhere.

Jim

Ok Here Is The Monthly Chart.. We Are In Massive 2 Year Diamnd Top Formation ..weekly And Daily Will Follow

You can not look at the weekly and say what will happen in the next couple of days.

This thread is not about looking out on the weekly. You are going to confuse people. That weekly triangle has room to go up and test the 164 area before coming down. Please read the first few posts before posting in this thread.

Jim

Here Is The 4 Hour, And I Can Exactly Tell You Whats Gonna Happen The Weeks Ahead..

The thread: This thread will deal mainly with the GBP/USD & EUR/JPY, However, we will trade pairs with the best entry's. The idea is to learn the system and have several people looking at a couple pairs and alert us when they are starting to set up. I can show you how to do this, and it is very easy to do. You can trade whatever lot size you want, and I would advise doing it in such a fashion that you can pull have off to lock profit. I will show you how to trade Pivot Point to Pivot Point and pull half and then set a 100 Pip limit on the rest, if you would prefer this way of trading, but basically its so newbys can get a good start. You will be amazed how many trades go all the way to the limit. I have also placed my template below to make it easier.

Rules for this thread. I dont want to hear anyone asking, " Which way do you think it will go" If you have to ask this, then shut up and watch the thread and learn. Here is a school format that is really good reading on the weekend. WWW.BABYPIPS.COM. You will pick this up, it's very easy. If you have come to criticize the thread, I will eliminate you immediately. If anyone belittles any one in here, I will eliminate you immediately. I dont want to hear, " I think its going up or I think it's goin down". We can see that. We want to hear solid evidence using these charts and using regular long term charts with 1 Hr, 4 Hr and Daily. That is all you need. If your looking out on the weekly, your in the wrong thread. Don't want to hear it. Simple trendline trading on the longer term chart to find out where it could go then entering on the smaller timeframes. Thats it and it could be very profitable if we do it right.

The Plan: The plan here is to start off small. You can start with $500 if you want to trade micros, that cool. The idea is to trade 2 micros or 2 Minis or 2 standards. You get a good entry and you know its going to hit the next Pivot Point at the least, usually, unless you hit a top somewhere. If you go pick your tops and bottoms you can find the in betweens and thats where the group comes in. We should know where all the tops are and we will share. You dont have to trade this way, but we may have some newbys and this may be a good way to teach them. Thank you and good Luck. I have placed the Smoothy Template along with a trendline alert executable which will alert you when the price touches it.

ANY COMMENS?

Thats fine, just stick to the daily. Dont want or care what is going to happen weeks from now.

BUT I SHOW YOU FOR WHAT WE ARE WAITING FOR ,,IS THAT THE EUR/JPY IS IN A MASSIVE TOP FORMATION .. THAts all ..do want an excellent entry on the gbp/usd ,,must i upload a chart?

If you step back and look at the data, you can see the downtrend of the moment starting. A break below 162 eould be a new lower low to go with that huge lower high.

As long as it fits the rules crasy, its cool ole buddy. I am just trying to help the newbys here and dont want to confuse them by looking to far out.

Jim

Is Caarry Trader Is Cooming For The Aggresive Yen Buying???


Waht Do U Think?

will post it later..of to bed. look for it later. anyway good luck

40 Pips and counting.