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

  • #41
  • Apr 28, 2009 12:44am Apr 28, 2009 12:44am
Quoting malcolmb14
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
LOL thanks mate, it is a Honour to me to hear that from you ...

cheers..
  • #42
  • Apr 28, 2009 12:46am Apr 28, 2009 12:46am
Good morning/evening/day all.

Hows it going.
  • #43
  • Apr 28, 2009 12:50am Apr 28, 2009 12:50am
Whats the take on Geppy, Now its broken 141 I think it'll continue south - but I'm biased as you probably know lol.

I can't see it stopping till 135 maybe lower.
  • #44
  • Apr 28, 2009 12:50am Apr 28, 2009 12:50am
Quoting stewrigh
Good morning/evening/day all.

Hows it going.
gm to you mate.. well waiting on new directions..

UY is on daily support.. gy will follow.. but the new markets opennings soon.. Moscow, EU, london.. so technicly we should see a bounce from here.. but I would wait on that
  • #45
  • Apr 28, 2009 12:52am Apr 28, 2009 12:52am
Quoting malcolmb14
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
ditto Malc.
  • #46
  • Apr 28, 2009 1:04am Apr 28, 2009 1:04am
Here is what I see:

Weekly UY just hitting the weekly Gann..
daily UY hitting the Daily FIBO382

so UY should Bounce from 95.95 - 95.51
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  • #47
  • Apr 28, 2009 1:11am Apr 28, 2009 1:11am
GY on Monthly PP = [139.40]
GY on daily support as Fibo382 = [139.03]
GY on LTL on the 4h chanel
GY has 1h, 4h and daily stoch entering in OS level.

Im seeing [Expecting] a bounce from here [139.40-139.00], but a confirmation and SL is must from lower TF od 5min/15min to keep the trades under control..
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  • #48
  • Apr 28, 2009 2:15am Apr 28, 2009 2:15am
The levels as possible targets im watiching are:

 

  1. 140.60 [proven our OLD S/R level]
  2. 141.18 [DPP]
  3. 141.80

  • #49
  • Apr 28, 2009 2:54am Apr 28, 2009 2:54am
Hi my friend Piters,
I have a general question:
probably right now it's a good moment to open a long on GBPJPY for few hundreds pips, the question I have is what signal would you wait for to pen such a tentative long?

Thanks!
Marc
  • #50
  • Apr 28, 2009 3:07am Apr 28, 2009 3:07am
Quoting marcb
Hi my friend Piters,
I have a general question:
probably right now it's a good moment to open a long on GBPJPY for few hundreds pips, the question I have is what signal would you wait for to pen such a tentative long?

Thanks!
Marc
look on 5min, there is a Inverted H/S, the Neck line is arround 50ema..
I would enter there, and then will have a look how PA react on 15min 50 ema which is 140.34 - 140.60..

there is no system Im using right now, I respect all S/R, looking on UY, GU, and YM, where they Go, and if the road is clear. Im going..

My scalpig system is good aslo, giving a good entries and exits..
I enter there on cross on ema13 with ema50.. but again, you have to be carefull is some S/R are near.. so it is a wise to FOLD that round and enter after...

cheers!
  • #51
  • Apr 28, 2009 4:44am Apr 28, 2009 4:44am
Quoting Piters
look on 5min, there is a Inverted H/S, the Neck line is arround 50ema..
I would enter there, and then will have a look how PA react on 15min 50 ema which is 140.34 - 140.60..

there is no system Im using right now, I respect all S/R, looking on UY, GU, and YM, where they Go, and if the road is clear. Im going..

My scalpig system is good aslo, giving a good entries and exits..
I enter there on cross on ema13 with ema50.. but again, you have to be carefull is some S/R are near.. so it is a wise to FOLD that round and enter after...

cheers!
At most where do you see this bounce to stop before going lower than 139? May be 145?
  • #52
  • Apr 28, 2009 4:56am Apr 28, 2009 4:56am
Quoting marcb
At most where do you see this bounce to stop before going lower than 139? May be 145?
Well, PA has a hard time to sustain above WS1.. and we have GBP news in 10min... if we spike above and start correction, what im looking right now are:

140.60
141.20
141.70
144....

so step by step...139.67 is a resistance so far.. [also a global fear is hitting our markets.so we may see some dump moves]

be carefull, im long on GY and UY, but ready to exit anytime
  • #53
  • Apr 28, 2009 12:56pm Apr 28, 2009 12:56pm
gj 4 hour has some interesting volume on it , seems to be sellers hitting her at the 142 level . But we are for sure seeing a lot of low volume mark downs in Asia. If you look at the attached chart most of the high vol 4 hour bars have been up candles , reversal after effrot to fall or stopping volume. The signs of accumulation of GJ are there.

Price is currently above the 140.60 zone. and I think the mark down in Asia last night was just that , mark down.

I have an odd feeling that the stress test of trhe banks is going to pass with flying colours and the only reason that the market is not ripping up is due to this major report , which is due to be published next week.


For those swing traders amongst us I would not be holding my breath for 130 .... I doubt we will get there before a test of 150 , not with what look to me like accumulation on 60 min charts

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  • #54
  • Apr 28, 2009 1:29pm Apr 28, 2009 1:29pm
Well I have to agree, Im seeing that chanel on 1h too, and with a resistance of daily 50 ema, gann 4h, DPP and UTL.. so there is a Block of resistance from 141.70 to 142.30 where daily 5sma is.. IF/When we clear, most likely we go Up ..

My levels to watch are 143.80 as daily Fib382 then 145.50 our OLD friend.. My TIP is 143.80 as a most possible target, as weekly and Daily are not finished their cycle yet..If we take them we go directly to 155.50.. for sure...

Your logic is very close to mine. I posted on Aus thread today... we are having a monthly PIN. and I was expecting today that we move more then 142.20. My logic is that money makers, would try to close that bar as much is possible, becouse Now from this disctance, looks very scary...

However.. if 4h gann and that UTL keep hold the PA.. then would send GY down again.. Another thing is [however looks scary or funny] the piggy flu. and the market reaction..

Today I saw on some news that Feds are asking Citi and BOA to capitalise more.. and sending some strange signals on the market ? Undercapitalised, few days before the report.. cmoon.. I dont trust them.. lol
  • #55
  • Apr 28, 2009 1:33pm Apr 28, 2009 1:33pm
Technicly we are ready for a run... Fibs 382 are completed.. Im looking now for 143.80 next level..
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  • #56
  • Apr 29, 2009 6:13am Apr 29, 2009 6:13am
Quoting Piters
Technicly we are ready for a run... Fibs 382 are completed.. Im looking now for 143.80 next level..
Kalispera my friend,
what is your oinion on YM?
It looks like it wants to go to new highs
  • #57
  • Apr 29, 2009 6:25am Apr 29, 2009 6:25am
Quoting marcb
Kalispera my friend,
what is your oinion on YM?
It looks like it wants to go to new highs
Kalispera M

well,

pumped to the hights durring London.. I dont believe we could see a crossing over 8200 before the Stress test bank report - next week.. We have to pay attention where NY is sending YM.. stil shorty .. just addong on hughts/ and taing the lower ones as a profit.. so far
  • #58
  • Apr 29, 2009 7:09am Apr 29, 2009 7:09am
Quoting Piters
Kalispera M

well,

pumped to the hights durring London.. I dont believe we could see a crossing over 8200 before the Stress test bank report - next week.. We have to pay attention where NY is sending YM.. stil shorty .. just addong on hughts/ and taing the lower ones as a profit.. so far
GBPJPY is retracing, do you think it's buying on dips or it might fall back to 139 or below?
Thanks
  • #59
  • Apr 29, 2009 7:14am Apr 29, 2009 7:14am
Quoting marcb
GBPJPY is retracing, do you think it's buying on dips or it might fall back to 139 or below?
Thanks
Technicly, we retraced on weekly F382 abd on daily 382 to 143.70 - there are a lot of chances to continue our drop to 123, but we have to play that move step by step... Im going to post some new charts here shortly after the news..
  • #60
  • Apr 29, 2009 8:24am Apr 29, 2009 8:24am
Swing Low - Swing High = [118.84] - [151.51]; we retraced exactly F382 ate [139.00]; Bounce from there, and GY went Up for retracment, to get out from OS levels on 4h and 1h..

Weekly Stoch is still very bearish - reminding usm that there is still some more to get from this retracement or Reversal.. [how you will]

[Charts]
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