Attachments: Gbpjpy/gbpusd charts and setups-> [Piters Method]

Gbpjpy/gbpusd charts and setups-> [Piters Method]

#21
Apr 24, 2009 4:26am Apr 24, 2009 4:26am

Islander
Joined Jan 2007 | Status: Trader | 11,838 Posts

Quoting Piters

Disliked

thanks mate..
you are always welcome, I'll post my charts here, to keep them on one place. Also in few days im going to open a futures thread for YM, ES and .. similar

Ignored

Thanks - and as I used to trade YM, ES and RU, I'll be a visitor there too....

It looks as if cable will support your short GJ....with the potential shampoo, holding of the fib 50% and the TL from the low ~six weeks ago now acting as resistance IMO cable's setting up for lower levels.....

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Trading Levels with WRBs

#22
Apr 24, 2009 4:34am Apr 24, 2009 4:34am

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Quoting quecee5

Disliked

Bro promise me one thing no KFC patterns. . .

Nice thread Piter I have now found me a place to frequent. Looking forward to some interesting disccusion on TA!

Ignored

LOL bro.. You know 3 chicken burger and KFC are my favorite patterns,
Not promising, but will give my BEST..

#23
Apr 24, 2009 12:47pm Apr 24, 2009 12:47pm

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Quoting Piters

Disliked

OK, my 4h gann flipped above, now we are up to retrace 1h-5sma or 4h-5sma..

My stoch on 1h and 15min are supporting that move.. so Im looking to re-short her after the retrace.

levels im watching for now are [142.70 - 143.25]

[chart]

Ignored

Right, we spiked Up to 143.80 [some news driven] and that was it..
now is a time to go home..

shorted, and exited.
shorted on 143.70 exited last one 142.30

[reason] fibo 618 + Bank Stress Test Info.. [I dont believe them]

I will re enter again. after the news!

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#24
Apr 24, 2009 1:02pm Apr 24, 2009 1:02pm

Pips_Cruiser
Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts

Quoting Piters

Disliked

The only enigma for me was GY. all YEN crosses including UY done weekly retracement, only GY not. So that is why, I was at one stage pusing for my 155.50-70 level so we can complete the weekly retrace before we go in opposite direction and test again LTL on daily [141.20].

But When I saw that EY, AY, UY alreay did, and 4h/1h starts giving me a short signal.. that was enough for me.. So I can conclude that we didnt reach that level becouse of very weak Cable.. so no realy buyers to push price UP... The rest is storry, and from my daily, 4h and...

Ignored

So basically you concluded that the "JPY crosses" weekly chart 38.2 retrace was complete, even though GY didn't quite make it. Interesting . . . and that does kind of make sense.

#25
Apr 24, 2009 1:37pm Apr 24, 2009 1:37pm

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Quoting Pips_Cruiser

Disliked

So basically you concluded that the "JPY crosses" weekly chart 38.2 retrace was complete, even though GY didn't quite make it. Interesting . . . and that does kind of make sense.

Ignored

I was the one who was pushy for 155.50 so we complete the f382, but UY, Ay, Ey completed retrace and start dropping.. that was it... I give up of 155.50. temp//

shortly after, my 4h/1h gave me SHORT signal.. and then everything is in play.. 1h, 4h, daily.. ect..

im on vacation this week, playing with my laptop.. be back home this weekend.. I'll send some more charts.. on sunday

have a good weekend all!

#26
Apr 24, 2009 9:41pm Apr 24, 2009 9:41pm

Obaidah
| Joined Jun 2008 | Status: Trader | 1,079 Posts

Quoting Piters

Disliked

I was the one who was pushy for 155.50 so we complete the f382, but UY, Ay, Ey completed retrace and start dropping.. that was it... I give up of 155.50. temp//

shortly after, my 4h/1h gave me SHORT signal.. and then everything is in play.. 1h, 4h, daily.. ect..

im on vacation this week, playing with my laptop.. be back home this weekend.. I'll send some more charts.. on sunday

have a good weekend all!

Ignored

hello Piters, keep the good work up bro!

I recommend you read something else as this sentence is now concluded.

#27
Apr 25, 2009 5:21pm Apr 25, 2009 5:21pm

Pips_Cruiser
Joined Jul 2007 | Status: Following The Trade Winds | 8,442 Posts

Quoting Piters

Disliked

I was the one who was pushy for 155.50 so we complete the f382, but UY, Ay, Ey completed retrace and start dropping.. that was it... I give up of 155.50. temp//

shortly after, my 4h/1h gave me SHORT signal.. and then everything is in play.. 1h, 4h, daily.. ect..

im on vacation this week, playing with my laptop.. be back home this weekend.. I'll send some more charts.. on sunday

have a good weekend all!

Ignored

Thanks for taking the time to go over this.

#28
Apr 26, 2009 7:11pm Apr 26, 2009 7:11pm

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

1. Below Daily Lower trend line,
2. Below 50 ema
3. Stochastic entering in "under 20" level

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#29
Apr 26, 2009 7:14pm Apr 26, 2009 7:14pm

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

1. Below Gann
2. below 5sma
3. stoch are about to enter in "under 20" level

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#30
Apr 26, 2009 7:16pm Apr 26, 2009 7:16pm

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

1. Below 50 ema
2. below gann
3. stoch are alreadu under 20

I exited my shorts here, will re enter on next bounce, or "sound breakout'

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#31
Apr 26, 2009 8:25pm Apr 26, 2009 8:25pm

OGW
| Joined Dec 2006 | Status: Trader | 208 Posts

Hi Piters, first I want to tell you how much I appreciate your charts, A whole LOT! I have a few questions concerning your post #171050 april 16th, I know it's been a while already. You wrote about us-jy "so the next ABC reversal DOWN in UY is in play.. when we hit today 98.13 I exited all my JEN pairs"
First of all, 98.13 is your point B in the ABC correction right? To me I thought that we were still in a strong uptrend (or strong correction if you want) and that 98.13 was the end of an ABC correction, point B being the previous week low at 99.30. I got even more convinced after price made a higher low/ higher high on the hourly chart(98.13-99.65-98.52-99.74).
My questions are how do you determine a valid point B? (I know there is a lot of info about this, but would like to know your take) and from there what is your minimum fib target?
I'm sorry if posting this question in your journal bothers you.
Thanks,
Sebastien

#32
Apr 27, 2009 3:53am Apr 27, 2009 3:53am

wajid
| Joined Dec 2008 | Status: No Loss No Gain | 163 Posts

Nice work piter.

I am new to Trading.

I want to know what are setting of your Templet your using.

can you please tell me send me i amusin MT4 on Alpari uk

and waht Trading Platform you are using.

Regards

wajid

#33
Apr 27, 2009 3:57am Apr 27, 2009 3:57am

belekas
Joined Sep 2007 | Status: gone fishing | 5,782 Posts

Wish you a good journey Piters bratan

#34
Apr 28, 2009 12:03am Apr 28, 2009 12:03am

bpatto
| Joined Jul 2007 | Status: I love sushi. | 283 Posts

Nice work indeed! Love the longer term analysis.

{Some Profound Statement goes here}

#35
Apr 28, 2009 12:14am Apr 28, 2009 12:14am

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Quoting bpatto

Disliked

Nice work indeed! Love the longer term analysis.

Ignored

Thanks mate.. I'll do all my best...

#36
Apr 28, 2009 12:15am Apr 28, 2009 12:15am

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Sorry bro, I'll answer you today,, between london and Ny session..

cheers!

Quoting OGW

Disliked

Hi Piters, first I want to tell you how much I appreciate your charts, A whole LOT! I have a few questions concerning your post #171050 april 16th, I know it's been a while already. You wrote about us-jy "so the next ABC reversal DOWN in UY is in play.. when we hit today 98.13 I exited all my JEN pairs"
[color=black][font=Verdana]First of all, 98.13 is your point B in the ABC correction right? To me I thought that we were still in a strong uptrend (or strong correction if you want) and that 98.13 was the...

Ignored

#37
Apr 28, 2009 12:16am Apr 28, 2009 12:16am

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Quoting belekas

Disliked

Wish you a good journey Piters bratan

Ignored

Thanks Bratan, how is your TS.?? all good ?

#38
Apr 28, 2009 12:19am Apr 28, 2009 12:19am

Piters
Joined Sep 2006 | Status: Collector | 9,833 Posts

Quoting wajid

Disliked

Nice work piter.

I am new to Trading.

I want to know what are setting of your Templet your using.

can you please tell me send me i amusin MT4 on Alpari uk

and waht Trading Platform you are using.

Regards

wajid

Ignored

Hi mate, im not using MT4 here.. so no template. but I can tell you what I use:

ema 50
ema 13
sma5
GannHiLO[10]
trendlines
stochastic 9.3.3 [K% visible only]
stochastic 81.27.27 [K% visible only]

that it is...

#39
Apr 28, 2009 12:25am Apr 28, 2009 12:25am

belekas
Joined Sep 2007 | Status: gone fishing | 5,782 Posts

Quoting Piters

Disliked

Thanks Bratan, how is your TS.?? all good ?

Ignored

Excellent!

#40
Apr 28, 2009 12:41am Apr 28, 2009 12:41am

malcolmb14
Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts

at last a thread without all the bs ....

let me post some ....lol

I will be posting here often . To many weird traders in Auslanos thread now

Blogging daily now at www.volume.zone

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Gbpjpy/gbpusd charts and setups-> [Piters Method]
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