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Daily GBP/JPY analysis

  • #14,641
  • Sep 9, 2008 12:15pm Sep 9, 2008 12:15pm
Quoting johninthai
was thinking exactly the same. unreadable this is.
readable if you have an Elliot Wave knowledges but unreadable if you don't have any basic abt Elliot Wave. Good luck.

Until this moment, market still inside the teal triangle and I'm looking forward for any breakout to determine which alt counts is more preferable. Favourably, I'm looking for an upside trend either to complete corrective wave a in white (bullish reveral) or subwave ii in yellow (bullish retracement. A valid inverted "H & S" would bolster for an upside trend either to complete wave a (white) or subwave ii (yellow). Therefore please be careful and watch closely for any true breakout either to the lower red trendline or to the proposed neckline. Good luck.
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  • #14,642
  • Sep 9, 2008 9:44pm Sep 9, 2008 9:44pm
Preferably, I'm looking forward for completion a truncated major wave 5 either referring to the alt count in white or magenta before expecting a bullish reversal trend to perform corrective wave a,b and c. Otherwise we may see another bearish continuation according to the alt count in yellow. Please look for any good reversal entry signal from BSTS later. Good luck.
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  • #14,643
  • Sep 10, 2008 4:55am Sep 10, 2008 4:55am
"My point is smart traders know to ease back in because their primary concern is risk, that is not losing money." See here: http://www.forexfactory.com/news.php?do=news&id=100736


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The upper trend line is ratified by the pull back on 8th. Yet this pair is finding support at 187. I think a break out of this range will happen when we have an equity led result of the Fannie May - Freddie Mac solutions (Lehman not excepted), and a reduced volatility of the oil and gold prices.

All just my opinion.

By the way, I'm liking your charts and the fact you keep this thread alive, Jebatfx
Gone to a better place
  • #14,644
  • Sep 10, 2008 10:23pm Sep 10, 2008 10:23pm
Quoting smikester
"My point is smart traders know to ease back in because their primary concern is risk, that is not losing money." See here: http://www.forexfactory.com/news.php?do=news&id=100736


Attachment


The upper trend line is ratified by the pull back on 8th. Yet this pair is finding support at 187. I think a break out of this range will happen when we have an equity led result of the Fannie May - Freddie Mac solutions (Lehman not excepted), and a reduced volatility of the oil and gold prices.

All just my opinion.

By the way, I'm liking your charts and the fact you keep this thread alive, Jebatfx
Tq for the info and good luck.
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  • #14,645
  • Sep 11, 2008 10:15pm Sep 11, 2008 10:15pm
Preferably, I believed a truncated wave 5 (white or magenta) is already established and looking forward for a bullish reversal trend to perform a major corrective a,b and c. A valid triple bottom pattern and a further breakout to the upper green trendline and critical line 1 would bolster this scenario. Otherwise a breakout to the bearish continuation line 7 would put this scenario in major doubt (yellow). Good luck and happy weekend.
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  • #14,646
  • Sep 12, 2008 9:07pm Sep 12, 2008 9:07pm
going to 349.xx sooner or after a lower short lived down move
  • #14,647
  • Sep 12, 2008 9:56pm Sep 12, 2008 9:56pm
Quoting Jebatfx
Preferably, I believed a truncated wave 5 (white or magenta) is already established and looking forward for a bullish reversal trend to perform a major corrective a,b and c. A valid triple bottom pattern and a further breakout to the upper green trendline and critical line 1 would bolster this scenario. Otherwise a breakout to the bearish continuation line 7 would put this scenario in major doubt (yellow). Good luck and happy weekend.

Dude,,

Your chart so mess up ..Looking at it already give me a headache....Kudo that u r used to it...(not offense thou)

Sonic

http://www.forexfactory.com/attachme...1&d=1221189331
  • #14,648
  • Sep 13, 2008 9:35pm Sep 13, 2008 9:35pm
Quoting Gbp/jpy
going to 349.xx sooner or after a lower short lived down move
WooooooW, 349.xx Traget will come by years not sooner....
  • #14,649
  • Sep 14, 2008 9:39am Sep 14, 2008 9:39am
Gbp vs Jpy 1H, 4H & Daily Pre Market Overview

Chart 1H - I'm looking forward for a bullish reversal trend to complete corrective wave a, b and c refering either to the alt counts in white or magenta. Otherwise, please be careful for any possibility according to the alt count in yellow. Please be noted that corrective wave b is possible to perform a triple bottom before any bullish continuation to perform corrective wave c (magenta).

Chart 4H - Please analyse all possible alt counts and advisable to look for any bullish continuation entry signal from BSTS later once wave b (white or magenta) is completed. But please be careful for any scenario to perform subwave ii in yellow. Please be noted that the alt count in yellow would be invalid if there is any true breakout to the yellow critical line.

Chart Daily - Please watch closely the green upper trendline for either to complete wave a in magenta of any breakout to perform wave a in white. Preferably, I'm looking for any possibility of a truncated wave 5 (white or magenta) and a bullish reversal trend to perform corrective wave a, b and c.

Summary :

1) Preferably I believed market already completed a truncated wave 5 (white or magenta) and looking forward for a bullish reversal trend to perform corrective a, b and c.

2) Please be noted wave b could retrace according to the alt count in white or in magenta (triple bottom). Therefore, please confirm from BSTS later.

3) Otherwise please be careful for a possibility of a bearish continuation scenario referring to the alt count in yellow.

Good lucks.
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  • #14,650
  • Sep 14, 2008 9:14pm Sep 14, 2008 9:14pm
At this moment, I divided market in 3 possible alt counts scenario which is :

1) Magenta - market in progress to perform subwave c in b before expecting for another bullish continuation to perform corrective wave c.
2) White - market still in progress to complete subwave 5 in a before expecting a bearish retracement to complete corrective wave b.
3) Yellow - market already completed subwave ii before expecting for another bearish continuation to complete subwave iii in 5.

Therefore, please analyse which alt counts is more favourable and confirm it from BSTS later. Basically, I'm looking for any possibility referring to the bullish reversal scenario (magenta or white). Good luck.
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  • #14,651
  • Sep 15, 2008 10:58am Sep 15, 2008 10:58am
At this moment, please be noted that the previous alt count in white is already invalid. Therefore please analyse the latest possible alt counts. Preferably, I believed wave b (magenta or white) is already completed and looking forward for further bullish continuation to perform subwave 1 in wave c (magenta or white). but please be extra careful for any possibility according to the alt count in yellow. Please watch carefully all the critical lines for the respective alt counts. Good luck.
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  • #14,652
  • Sep 15, 2008 9:19pm Sep 15, 2008 9:19pm
Due to the current downside movement, this indicated that subwave c in wave b (magenta or white) still in progress. Therefore, I'm looking forward for a confirmation that wave b is already completed. A valid triple bottom pattern and a further breakout to the upper green trendline would bolster this scenario. Otherwise a true breakout to the magenta/white critical line would favour to the alt count in yellow, but please be extra careful for any "Bearish Trap" scenario. Good luck.
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  • #14,653
  • Sep 16, 2008 11:31am Sep 16, 2008 11:31am
At this moment, preferably, I'm looking forward for a "bearish trap" scenario to complete wave b (white or magenta). But please be extra careful for an impulsive subwave iii in yellow. Good luck.
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  • #14,654
  • Sep 16, 2008 9:30pm Sep 16, 2008 9:30pm
Due to the current scenario, please analyse all possible alt counts and favourably, I'm looking forward for any possibility of the bullish reversal trend referring either to the alt counts in magenta or white. At this moment, I believed market in progress to perform subwave 1 (magenta or white) before expecting a bearish retracement to complete subwave 2 (magenta or white). A true breakout to the yellow critical line to perform subwave 1 (white) or subwave 3 (magenta or white) later would bolster this scenario. Otherwise we may see another bearish contiuation according to the alt count in yellow. Good luck.
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  • #14,655
  • Sep 17, 2008 10:36am Sep 17, 2008 10:36am
At this moment, I'm looking forward for a completion of subwave 2 (magenta or white) before expecting for another bullish continuation to perform subwave 3 in C. Please be noted that this scenario would be invalid if there is any true breakout to the bearish continuation line 8. So please be careful for any possibility of the bearish continuation trend (yellow). Good luck.
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  • #14,656
  • Sep 17, 2008 9:45pm Sep 17, 2008 9:45pm
Preferably, I'm looking forward for a further bullish continuation to determine a bullish reversal trend. Until now, I believed its either market in progress to complete subwave 3 in magenta or still to complete subwave 1 in white. And please be extra careful for any possibility towards the alt count in yellow. Advisable to look for any good bullish entry signal later from BSTS before making any entry. Good luck.
Attached Image (click to enlarge)
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  • #14,657
  • Sep 17, 2008 9:50pm Sep 17, 2008 9:50pm
what a ridiculous chart

you've obviously drunk the koolaid.... just another person on this forum simply outsmarting himself.

please, don't polute newbs w/ this rocket junk science.

Quoting Jebatfx
Preferably, I'm looking forward for a further bullish continuation to determine a bullish reversal trend. Until now, I believed its either market in progress to complete subwave 3 in magenta or still to complete subwave 1 in white. And please be extra careful for any possibility towards the alt count in yellow. Advisable to look for any good bullish entry signal later from BSTS before making any entry. Good luck.
  • #14,658
  • Sep 18, 2008 3:32am Sep 18, 2008 3:32am
Quoting Jebatfx
Preferably, I'm looking forward for a further bullish continuation to determine a bullish reversal trend. Until now, I believed its either market in progress to complete subwave 3 in magenta or still to complete subwave 1 in white. And please be extra careful for any possibility towards the alt count in yellow. Advisable to look for any good bullish entry signal later from BSTS before making any entry. Good luck.
i don't like your chart at all. waaaaay too complicated. it shouldn't be like this at all. keep it simple
Twitter: @forexpokerpro
  • #14,659
  • Sep 18, 2008 3:45am Sep 18, 2008 3:45am
Although the upper channel line has now been broken convincingly (see my previous post) in the chart below I am expecting some consolidation for the time being.

Like Jebatfx I am bullish and after the consolidation I expect a daily open above the grey area (above 192.50).
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Gone to a better place
  • #14,660
  • Sep 18, 2008 4:18am Sep 18, 2008 4:18am
hahaha........if u dont like jebat chart.....pls do ur own chart............
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