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The Experts Zone: GBPJPY

  • #201
  • Apr 7, 2009 2:07am Apr 7, 2009 2:07am
Quoting forexlion
If 147.79 holds then it should be a good place to consider fresh shorts.

But, I still need that 4 hour 21 SMA to break.

The default MT4 ADX template can be a good guide in this case.
Good, it seems I need to wait for London Open

Unless -Di does not cross +Di upwards on 4 hour adx template, I will not short, even if my own system says a short is possible, but not confirmed.

Today's trendline was in favour of confused movements and that is what we are seeing now.
  • #202
  • Apr 7, 2009 3:16am Apr 7, 2009 3:16am
GU 4 hour

  1. 13 ema
  2. 21 sma

we are already in tanking mode

  • #203
  • Apr 7, 2009 4:39am Apr 7, 2009 4:39am
Quoting forexlion
My scalp targets are till 151, from there unless it does not break, i expect reversal to begin, since we are way too high on RSI.

I will be scalping 20 pip longs till 151 for now on 1 minute charts.

I am more than anxious to note the progress of these 3 guys, lets see how they do this week.
I wanted to follow this guy's progress, darn lucky guy.

I changed my trading style just for him, so that even the smallest a/c holder makes money.
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  • #204
  • Apr 7, 2009 5:31am Apr 7, 2009 5:31am
Mission support 3 completed at 145.80
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  • #205
  • Apr 7, 2009 5:35am Apr 7, 2009 5:35am
we started our journey south as early as 151, and are still continuing down.
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  • #206
  • Apr 7, 2009 10:38pm Apr 7, 2009 10:38pm
145.80 was the bounce level yesterday.

This translates into the fact, that unless broken then as per daily chart this should be the bounce level even today.

Lets see how it goes.

I hot shipwrecked yesterday in the NY session, and that tells me I need to avoid NY altogether.
  • #207
  • Apr 8, 2009 12:18am Apr 8, 2009 12:18am
Good day everyone
We're still heading down. Some wood to chop at 146 level but once we get through we're good. I hope everyone was patient enough yesterday & didn't jump ship too early as there were no sign of us going back up. So let's see how today turns out. Have a good one & good luck
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Thank You
  • #208
  • Apr 8, 2009 1:20am Apr 8, 2009 1:20am
If 145.80 is taken out then 145.05 will prove to be a solid bounce level, back upwards.
  • #209
  • Apr 8, 2009 2:25am Apr 8, 2009 2:25am
Good kiss of 145.80

Now based on 30 min, if GJ breaks 146.30 and remains above it in London session then I will long for 148.30 again.

But if it breaks 145.80 then I will short for the March month High turned support now 145.05
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  • #210
  • Apr 8, 2009 2:40am Apr 8, 2009 2:40am
Quoting forexlion
Good kiss of 145.80

Now based on 30 min, if GJ breaks 146.30 and remains above it in London session then I will long for 148.30 again.

But if it breaks 145.80 then I will short for the March month High turned support now 145.05
G. Morning guys
  • #211
  • Apr 8, 2009 2:52am Apr 8, 2009 2:52am
Quoting PandoraBox
G. Morning guys
Good Morning brother.

We are missing you, its pretty lonely in here.
  • #212
  • Apr 8, 2009 3:57am Apr 8, 2009 3:57am
Good afternoon pandora & lion
Thank You
  • #213
  • Apr 8, 2009 3:59am Apr 8, 2009 3:59am
Bias unchanged.
Watch for the neckline on the hourly for dragon which is highlighted on the hourly. Good luck

Same chart as posted on post #198. Different workstation & I'm too lazy to plot all those lines again lol. Apologies for the confusion if there's any.
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Thank You
  • #214
  • Apr 8, 2009 4:09am Apr 8, 2009 4:09am
Quoting forexlion
Good kiss of 145.80

Now based on 30 min, if GJ breaks 146.30 and remains above it in London session then I will long for 148.30 again.

But if it breaks 145.80 then I will short for the March month High turned support now 145.05
I will wait for one more candle on 30 min, and if it still remains above 146.30 then i am going long for 148.30

with sl at 146.30 ofcourse.
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  • #215
  • Apr 8, 2009 4:59am Apr 8, 2009 4:59am
Quoting forexlion
I will wait for one more candle on 30 min, and if it still remains above 146.30 then i am going long for 148.30

with sl at 146.30 ofcourse.
I am still on the fence, no clear trend here.
  • #216
  • Apr 8, 2009 5:39am Apr 8, 2009 5:39am
Quoting forexlion
I am still on the fence, no clear trend here.
damn hell

why am i so darn accurate, oh well, i still cannot long here, since it will make one more move into 146.30 before going up.

if it has to go up.
  • #217
  • Apr 8, 2009 6:13am Apr 8, 2009 6:13am
Alright I am loading up into 148.30
  • #218
  • Apr 8, 2009 7:34am Apr 8, 2009 7:34am
And that ends my hunting season for today

30218.0 pips in 9 weeks is good money.

Cya guys at Tokyo tomorrow.
  • #219
  • Apr 8, 2009 7:38am Apr 8, 2009 7:38am
Practically seen daily and weekly charts are still strong uptrends so calling for any shorts and 130 levels is bullshit.

It will take atleast 4 days to form a trend to break the daily chart trend, if it has to.

What I am looking for here is a minor correction on 4 hour followed by a further uptrend into 155.87 later.
  • #220
  • Edited 9:51am Apr 8, 2009 9:12am | Edited 9:51am
Aoc 22" LCD Monitor installed today

http://www.aocmonitor.co.in/22_2230.html

this is my monitor

Now I should make better trades
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