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If you love the EUR/JPY and you know it... clap your hands!

  • #281
  • Apr 30, 2009 6:58pm Apr 30, 2009 6:58pm
Does anybody know how to get a CLEAR MT4 chart posted that is not the size of Texas?
  • #282
  • Apr 30, 2009 7:36pm Apr 30, 2009 7:36pm
An example of predictive fibs:

http://i44.tinypic.com/2qi7m7o.jpg
  • #283
  • Apr 30, 2009 8:41pm Apr 30, 2009 8:41pm
Quoting Low
Does anybody know how to get a CLEAR MT4 chart posted that is not the size of Texas?
Right click on the MT4 chart, save as picture and you can save it.
  • #284
  • Apr 30, 2009 10:17pm Apr 30, 2009 10:17pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Low
Does anybody know how to get a CLEAR MT4 chart posted that is not the size of Texas?

I use some screen-capture software similar to Jing. Jing is freeware.


Magnus
  • #285
  • Apr 30, 2009 10:50pm Apr 30, 2009 10:50pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Low
Does anyone here draw fibs predictively?

If a draw a fib from the LL on Sunday night, where the HH of last Friday is 50%, it puts the 100% at 134.25, also, price will be intersecting the previously broken daily upward trendline at 134-135, confluence (and contrivance as far as the fib is concerned) as James16 would say, could be meaningful.

That's something I've considered in the past. I'd draw a Fib on a major swing - then would see that price had "reacted" at 50.0% on the way to creating the major swing - I would put this down to people using a Fib initially on what was to become a 50.0% Fib swing and then aiming for 2x that move for a target.

See charts.

However, this post from earlier in the thread details how the low we have seen at 124-125 area was a 50.0% retracement of an even larger swing - so, perhaps it wasn't so much the 200% Fib target after all.


Magnus
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2009-05-01_eurjpy_1.gif Size: 20 KB
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  • #286
  • Apr 30, 2009 11:20pm Apr 30, 2009 11:20pm
Quoting Yuppie
That's something I've considered in the past. I'd draw a Fib on a major swing - then would see that price had "reacted" at 50.0% on the way to creating the major swing - I would put this down to people using a Fib initially on what was to become a 50.0% Fib swing and then aiming for 2x that move for a target.

Looks promising, another tool in our toolbox maybe?
My big fib shows 100% at 134.25, so lets see what happens when it gets there.

thx Magnus
  • #287
  • Apr 30, 2009 11:58pm Apr 30, 2009 11:58pm
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Nice breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-01_eurjpy_3.gif Size: 19 KB
  • #288
  • May 1, 2009 12:02am May 1, 2009 12:02am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Walk the line...
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-01_eurjpy_4.gif Size: 19 KB
  • #289
  • May 1, 2009 12:04am May 1, 2009 12:04am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Continue to make HHs and HLs...
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-01_eurjpy_5.gif Size: 27 KB
  • #290
  • May 1, 2009 12:28am May 1, 2009 12:28am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Previous price-pivot level lines up with 61.8Fib.
Attached Image (click to enlarge)
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  • #291
  • May 1, 2009 1:22am May 1, 2009 1:22am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Anyone else getting the feeling that E/J is having a few last gasps of air before... down... down... down... ?

Just a feeling - nothing I would trade off...


Magnus
  • #292
  • May 1, 2009 1:28am May 1, 2009 1:28am
Quoting Yuppie
Anyone else getting the feeling that E/J is having a few last gasps of air before... down... down... down... ?

Just a feeling - nothing I would trade off...


Magnus
Nothing stopping a last dash for 61.8% fib from 6 April and the 161.8% fib from last down trend. They are just below today's R2. But first another bounce off or around the LTL or a power break through it.

I'm certainly looking for some decent PA through the redrawn LTL. Last night saw some wimpering through it, but no conviction. My spider sences said don't trust the break. Thankfully!

JC
  • #293
  • May 1, 2009 1:41am May 1, 2009 1:41am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Wedge.
Attached Image (click to enlarge)
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  • #294
  • May 1, 2009 3:52am May 1, 2009 3:52am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
This thing is like a run-away freight train... fully laden with pips...
Attached Image (click to enlarge)
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  • #295
  • May 1, 2009 4:00am May 1, 2009 4:00am
Seems 161.8% fib from last down trend and your wedge is a bit of a resis now. You would think that it will push through the 161.8* fib today sometime.

JC
  • #296
  • May 1, 2009 4:02am May 1, 2009 4:02am
Quoting Yuppie
This thing is like a run-away freight train... fully laden with pips...
The current 4hr bar needed this push to keep it bullish. Spose we wait till the next one
  • #297
  • May 1, 2009 4:04am May 1, 2009 4:04am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
This is the kinda thing I look out for on the Tick/1-min chart. Although, admittedly, not been taking them for some time as I've been focusing on [relatively] longer-term trades.

I call it a Pressure-Play...

I've played these many times. On E/J ***.30 is almost always hit if the "pressure" is building up under ***.00.


Magnus
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-05-01_eurjpy_9.gif Size: 15 KB
  • #298
  • May 1, 2009 4:07am May 1, 2009 4:07am
Quoting Yuppie
This is the kinda thing I look out for on the Tick/1-min chart. Although, admittedly, not been taking them for some time as I've been focusing on [relatively] longer-term trades.

I call it a Pressure-Play™...

I've played these many times. On E/J ***.30 is almost always hit if the "pressure" is building up under ***.00.


Magnus
I short scalped at 131.90, just before your second last dot. PA on the 1m from there did not look good. Got out for 1 pip. They all count
  • #299
  • May 1, 2009 4:08am May 1, 2009 4:08am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Yeah... 7 pips away from 61.8Fib... that's as good a touch for me on such a large-swinging Fib.
  • #300
  • May 1, 2009 4:09am May 1, 2009 4:09am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting Waka
I short scalped at 131.90, just before your second last dot. PA on the 1m from there did not look good. Got out for 1 pip. They all count

lol... well done.. funny how people can see things so differently...


Magnus
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