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

  • #61
  • Apr 29, 2009 8:35am Apr 29, 2009 8:35am
Swing Hi - Swing Low [151.51] - [139.00]; we retraced F382 at [143.78]

Thechnicly we are ready for a retracement:

  1. 4h stoch starts giving a possible signal for a swing low on 4h with target at 140.70 and 139.00
  2. 1h stoch is already well below the 80 level mark.

[Charts]

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  • #62
  • Apr 29, 2009 8:42am Apr 29, 2009 8:42am
stoch are down, we are retracing our EU and London run from 143.74; currently a small bounce of the 142.20 Our old S/R friend.

The confirmation [for me] for higher TF drop would be a 1h close below [141.70] where the hourly and daily 50ema MA are..

[Chart]
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  • #63
  • Apr 29, 2009 8:52am Apr 29, 2009 8:52am
[SPECULATION]

If I may speculate:

 

  1. If we close below 141.70 on hourly
  2. If we activate 4h stoch retracment
  3. If we activate Daily stoch, and go below 20 level after our 3 rejections from

Then this is what im expecting for next Targets....

[CHARTS]

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  • #64
  • Apr 29, 2009 9:10am Apr 29, 2009 9:10am
Nice journal mate ... keep going
Discipline + Patience - Fear - Greed = Success
  • #65
  • Apr 29, 2009 5:16pm Apr 29, 2009 5:16pm
this threads pure quality no noobs guessing and slanting,piters can u tell me whats your take on GU
  • #66
  • Apr 29, 2009 5:19pm Apr 29, 2009 5:19pm
Quoting sometospend
this threads pure quality no noobs guessing and slanting,piters can u tell me whats your take on GU
if you taunt them, they will come.....

lol, sorry it has been a LONG day. i believe Piters mentioned GU hit it's daily 61 fib and should be going for a retrace...
  • #67
  • Apr 30, 2009 7:15am Apr 30, 2009 7:15am
Hi Piters,Once the stoch falls below 80 line do we retrace ?
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  • #68
  • Apr 30, 2009 7:09pm Apr 30, 2009 7:09pm
Hi Piters,
Could this become a H&S? Does it make sense to sell soon? If so and if it keeps rising, where would you bail out?
Sebastien
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  • #69
  • May 1, 2009 5:53am May 1, 2009 5:53am
After a 930 pips run without any retrace on 1h [?????] we breach all resistances, and now we are testing our weekly chanel..

If taken, then the gate for upper levels is open... at least I expect some pullback here starting at canada [north america] or Ny session..

[charts]
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  • #70
  • May 1, 2009 7:44am May 1, 2009 7:44am
Quoting honeybhi
Hi Piters,Once the stoch falls below 80 line do we retrace ?
only when get out from 80 level, flip over the 80 and start falling.. But it is important always to look on higher TF stochs, so to get an idea where you are at that moment..
  • #71
  • May 1, 2009 7:47am May 1, 2009 7:47am
Quoting OGW
Hi Piters,
Could this become a H&S? Does it make sense to sell soon? If so and if it keeps rising, where would you bail out?
Sebastien
sorry Sebastien, for a late respose. but from yesterday, UY. GU and GY were on mission, yes that 99.40 was a good resistance level, but was taken today in tokyo and EU session... so I think we reached some top, abd the resistance, is in play now..
  • #72
  • May 3, 2009 4:09pm May 3, 2009 4:09pm
hey! nice place u got going here..am also lookin at a deep back to 139area and a further push down to 135 b/4 openin som room down...will com around very often and share as usual...how was last week over all
Imanuel Parsifal
  • #73
  • May 3, 2009 4:15pm May 3, 2009 4:15pm
Quoting sycho
hey! nice place u got going here..am also lookin at a deep back to 139area and a further push down to 135 b/4 openin som room down...will com around very often and share as usual...how was last week over all
bro, only if we seriously take that 145.50/70 level.. im expecting a nice bounce from there..

that level is a key for South.. so far my North is limited from 148.30-149.50

low vol, today... Tokyo, UK ... bank holidays

cheers!

p.s. we better trade pork bellies today ....
  • #74
  • May 4, 2009 2:48am May 4, 2009 2:48am
Quoting Piters
bro, only if we seriously take that 145.50/70 level.. im expecting a nice bounce from there..

that level is a key for South.. so far my North is limited from 148.30-149.50

low vol, today... Tokyo, UK ... bank holidays

cheers!

p.s. we better trade pork bellies today ....
more like swine holiday
Imanuel Parsifal
  • #75
  • May 7, 2009 11:37pm May 7, 2009 11:37pm
Quoting Piters
bro, only if we seriously take that 145.50/70 level.. im expecting a nice bounce from there..

that level is a key for South.. so far my North is limited from 148.30-149.50

Based on daily momentum I'm pretty sure, we might see 145.50 today or early next week. Next level will be 142.80.

Bearish Engulfing at Daily GU. GU might drag GJ down....UJ hopeless
  • #76
  • May 8, 2009 12:25am May 8, 2009 12:25am
es will be up tomorrow as NFP will be cooked on heals of not so bad strewss test

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Blogging daily now at www.volume.zone
  • #77
  • May 12, 2009 3:52pm May 12, 2009 3:52pm
Hello Piters,

just finished reading thread..nice stuff..going back in business in trading after 5 months break..
Quoting Piters
[SPECULATION]

If I may speculate:

 

  1. If we close below 141.70 on hourly
  2. If we activate 4h stoch retracment
  3. If we activate Daily stoch, and go below 20 level after our 3 rejections from

Then this is what im expecting for next Targets....

[CHARTS]

  • #78
  • May 12, 2009 4:37pm May 12, 2009 4:37pm
Looks like Monthly and weekly charts are showing us a big picture in UY.

Monthly: after breaking hte descending triangle pattern, we did tested 101.50 level so far proven as a strong s/r level

Weekly: Fibo381 from 124.13 (all move down) has been completed to 101.18; stochstics are pointing (projecting) some more space to Down side..

Another leg down, or new Lows.. we have to wait on that Play..

[Charts]
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  • #79
  • May 14, 2009 1:34am May 14, 2009 1:34am
da si zdrav i ziv batka

only you can get me back to FF

i'm all ears when you talk and looking fwd to this thread.
  • #80
  • May 14, 2009 2:04am May 14, 2009 2:04am
Quoting Macedonia
da si zdrav i ziv batka

only you can get me back to FF

i'm all ears when you talk and looking fwd to this thread.
im glad you're back bro...

contact me on skype when you arround
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