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Daily EUR/JPY analysis

  • #981
  • Jul 31, 2008 1:16pm Jul 31, 2008 1:16pm
Please have a look at this harmonic pattern
Thats my style

1st drop - many TP from unpatient people, mostly retailers, short drop
2nd drop - tp from mutual funds, stox etc, short from smarterones forex and genius(not me at least not yet), larger drop
3rd drop - banks got a tip from elite crew that eu reach top, thats how the trend change works.

Do tha math
I have sl on be so dont care anymore
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  • #982
  • Jul 31, 2008 1:16pm Jul 31, 2008 1:16pm
Quoting Tovinces
Yeap, my scenario was right. I'm waiting chart touching 168.2 point

your target reached, very good !

pivot resistance 1 is at 168 on my chart let`s see :-)
  • #983
  • Jul 31, 2008 1:21pm Jul 31, 2008 1:21pm
Quoting 5ysfx
Please have a look at this harmonic pattern
Thats my style

1st drop - many TP from unpatient people, mostly retailers, short drop
2nd drop - tp from mutual funds, stox etc, short from smarterones forex and genius(not me at least not yet), larger drop
3rd drop - banks got a tip from elite crew that eu reach top, thats how the trend change works.

Do tha math
I have sl on be so dont care anymore
thats funny, and you might be right. For the pattern you are defently right,
and the pattern represent the market.

Iīll take a look at the daily candle , at the daily close, in a few hours.
  • #984
  • Jul 31, 2008 1:23pm Jul 31, 2008 1:23pm
Quoting 5ysfx
Please have a look at this harmonic pattern
Thats my style ...Do tha math
Which harmonic pattern is this? I was never tried spotting the Bats, Crabs, Gatley, etc...or are you using the harmonic beat frequency approach?
  • #985
  • Jul 31, 2008 1:36pm Jul 31, 2008 1:36pm
Quoting peaches
your target reached, very good !

pivot resistance 1 is at 168 on my chart let`s see :-)
My last TP at 168.1 was just broken. The closest support level is daily S1 (168.01).
Now I have no open trades on JPY pairs, I want to believe that S1 EUR/JPY level will hold and chart will go back to the upper line of the triangle, maybe it will test or even break today's significant R2 169.02.

If not, a little bit more downside movement will take place, till S2 167.62 (don't forget to count spread!).

My predictions this morning about the pair's movement were right, so I'm just waiting for a good tip, i.e. white candle on hourly chart
  • #986
  • Jul 31, 2008 1:59pm Jul 31, 2008 1:59pm
Quoting peaches
thats funny, and you might be right. For the pattern you are defently right,
and the pattern represent the market.

Iīll take a look at the daily candle , at the daily close, in a few hours.
Funny ? pls read below that will be funny


Quoting Mets
Which harmonic pattern is this? I was never tried spotting the Bats, Crabs, Gatley, etc...or are you using the harmonic beat frequency approach?

None of them,
Really I dont know pattern names i just see some lines after i drew some.
The rest is the only guessing depend on will breakout or not.

All about is frequencies, cycles, fractals.

Beside these bastards (elite), are lucipher worshipper they play the peoples and global economy, they act like 5 years kiddies.

They rule the world under the kabbalah. numerology astrology,

Your task is to predict their behaviour and ambience.
For example
"which country we are gonna atack for 5 years."
Then you will be know where will money flow.

Important note they are planing for centuries.
So if you wanna beat them u must be like them.
  • #987
  • Jul 31, 2008 2:14pm Jul 31, 2008 2:14pm
hm, as I said, eur against jpy, I have no clue,
both economys are in worse condition. from my
observation of the last month`s economic data,
the eur is more worse, then the jpy. The eur has had
his rate hike, to put money out of the market to fight
inflation, next step might be a rate cut, donīt know.
We will see what BOJ i`ll do next. I have read the comment
of the last rate decission, and there were clear hints,
that boj is not happy with their economy.

No, my "eur is not that bad", was against the usd.

2 charts of dow jones (very very very longterm), second
is not from me.

sorry for going off topic.
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  • #988
  • Jul 31, 2008 2:26pm Jul 31, 2008 2:26pm
The last hour's candle is typical hammer. It's a good reversal sign. I've stayed long, now waiting for testing R1, then possible touching of R2.
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  • #989
  • Jul 31, 2008 2:27pm Jul 31, 2008 2:27pm
Stop at 9.000 for DJ........


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  • #990
  • Jul 31, 2008 2:40pm Jul 31, 2008 2:40pm
What is the next R1, then R2 values? rob
  • #991
  • Jul 31, 2008 3:07pm Jul 31, 2008 3:07pm
My last one analysis today showing usd index monthly,quarterly and yearly.
Seems like reversal pattern at all timeframes but might be wrong ofc.
Same pattern mean price acceleration, right ?

Could we able to hit green dot this year ?
This is another ultimate question.
I say :
"O great deepthought...tell us the answer"

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  • #992
  • Jul 31, 2008 3:15pm Jul 31, 2008 3:15pm
yes these are all valid reversal patterns, havenīt noticed that.

the question for live, universe and everyting?

deepthought does his math for 7 years and
answered: 42
  • #993
  • Jul 31, 2008 3:17pm Jul 31, 2008 3:17pm
I did not get your point? could you explain ?

Quoting peaches
yes these are all valid reversal patterns, havenīt noticed that.

the question for live, universe and everyting?

deepthought does his math for 7 years and
answered: 42
  • #994
  • Jul 31, 2008 3:22pm Jul 31, 2008 3:22pm
Quoting robrub
I did not get your point? could you explain ?
U have to watch " Hitchhikers guide to the galaxy" based on book of Douglas Adams or read the book ;-)

But dont panic
  • #995
  • Jul 31, 2008 3:27pm Jul 31, 2008 3:27pm
so maybe i lost something, what is your forecast for ej in short term?

Quoting 5ysfx
U have to watch " Hitchhikers guide to the galaxy" based on book of Douglas Adams or read the book ;-)

But dont panic
  • #996
  • Jul 31, 2008 3:33pm Jul 31, 2008 3:33pm
Quoting 5ysfx
Funny ? pls read below that will be funny
...All about is frequencies, cycles, fractals....


I do have to read up on chaos/harmonics though, I agree, I think you can apply both very nicely to the market. Thanks!

Quoting robrub
so maybe i lost something, what is your forecast for ej in short term?
Short term, I think we're either going to retrace back up to the trendline, or watch it fall short to the 161.8% fib...just sit and wait for the breakout.
  • #997
  • Jul 31, 2008 3:33pm Jul 31, 2008 3:33pm
Im shorting all near 45.
should hold.
  • #998
  • Jul 31, 2008 4:00pm Jul 31, 2008 4:00pm
chart.

I only trade daily, sorry I have no skills for short term trades

Daily candle is cought between to resistance zones I marked.
Todays candle is obviuos an inverted hammer, near a resistance zone,
so this means imho, this will go down, after a bit retrace.
Notice the upper wick of thursdays candle (thursday is already over
here), which coincident with 50% fibo and resistance zone.

Notice please the length of the thursdays upper wick, in
relation to itīs small body. The longer the wick, the much more extensive and violent is the next move (down!)

Targets are fibo extension levels, which coincident, coincident with resistance zones.

If this happens I like to show you tommorrow or weekend
an ichimoku chart

Only what i see at the chart. IMHO.
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  • #999
  • Jul 31, 2008 6:01pm Jul 31, 2008 6:01pm
OK two more charts

This wave brought to you by "white rabbit" and company.
Catch the rabbit.Dont eat carrot without him.Use it like bait.
Do not use holy hand granade !!!
Only break above yellow line might screw this setup. (but it wont i hope )

according to white rabit all routes are leading to ... 163
target should be hit 7th of august till 10 am GMT (what economic data comes out that day ? For sure must be crucial for next move at least my chart said that to me)

after news resistance is useless

catched one bunny at 16834

night all
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  • #1,000
  • Jul 31, 2008 6:33pm Jul 31, 2008 6:33pm
hello guys.. i short ej from last nite..hopefully it will go further south today
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