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The Experts Zone: GBPJPY

  • #421
  • Jun 8, 2009 3:27pm Jun 8, 2009 3:27pm
Quoting mmbmusa
E/U is just fine, It's doing what its done for years.

I agree with Forexlion on GBP/JPY; tuesday's session should be interesting. My bias is to the downside.

MM

What???? It has not been ranging on the weekly for years (which is what is happening now). There simply is no real direction, much like in the 1980s.
  • #422
  • Jun 8, 2009 6:02pm Jun 8, 2009 6:02pm
I use multi TF. Tren signal on TF 30M, H1 and H4.
Main Tren Indicator is Snake force, Reversal tren indicator THV line.
Entry and Exit using RSI 2 and RSI 14
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  • #423
  • Jun 9, 2009 3:04am Jun 9, 2009 3:04am
Quoting fxterrapin
Despite the lion's readings the indicator failed and buyers came in... now that's a trend. I don't know why traders are still dealing with E/U these days... that chart looks horrible (and a bit scary too).

It's simple. When SPY is trending trade it, if it isn't use a JPY cross as a proxy.
bro your analysis is superb

i would love to see you post your viewpoints on here

as for trading, after yesterday's close of the shorts, i just switched off and went on to do something else, so i missed the moves later in the day.

even today, i have not traded anything as yet.

need to get the vodka off my head first.
  • #424
  • Jun 9, 2009 5:33am Jun 9, 2009 5:33am
Quoting I like steak
okay, I would like to improve the momentum plays.

Interesting to see you start with a "full" position and then decrease it, it is lower risk. Some traders add to their position as it moves in their direction...but the retrace can then wipe out all profits.

Thank you
this is an example of how i trade

instead of opening a 0.08 lot short, i opened 8 trades of 0.01 which close after each 5 pip after the initial 20 pip move down.

and i never open more than 0.1 on gj despite my account size. i keep collecting tiny droplets of water, so to say.
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  • #425
  • Jun 9, 2009 5:48am Jun 9, 2009 5:48am
Hi Fxterrapin,

I've just attached a monthly chart and highlighted the 1980's and all i see is a strong bear market! We've just broken a key level and i feel the market is pausing and has a high probability of re-testing the recent lows that we set.

I guess the key is what happens when we next re-test these recent lows?

MM

Quoting fxterrapin
What???? It has not been ranging on the weekly for years (which is what is happening now). There simply is no real direction, much like in the 1980s.
Attached Image (click to enlarge)
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The greatest achievements are those that benefit others....
  • #426
  • Jun 10, 2009 3:02am Jun 10, 2009 3:02am
Quoting fxterrapin
come again?
to explain better

i just placed ema 55 on chart the magenta line in the main chart.

whenever price goes away from the line, it shows the buying strength or weakness in the form of histogram below.

when price is near the ema 55 line, that is the best time to open a new trade. because that is the decision level on what to expect next.

the strength of the trend is expressed in the form of histogram height.
Attached Image (click to enlarge)
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  • #427
  • Jun 10, 2009 3:40pm Jun 10, 2009 3:40pm
Quoting mmbmusa
Hi Fxterrapin,

I've just attached a monthly chart and highlighted the 1980's and all i see is a strong bear market! We've just broken a key level and i feel the market is pausing and has a high probability of re-testing the recent lows that we set.

I guess the key is what happens when we next re-test these recent lows?

MM

Hi MM,

I was refering ot the E/U (synthetic) chart of the 1980s. On the other hand, when it comes to the G/J chart you are certainly correct technically, however, back in the 1980s the interest rate diff situation was completely different. Japan hadn't yet entered into ZIRP.

I'd almost say that it is impossible to say what will happen next. SP500 could easily drag this thing further down in another sell-off...
  • #428
  • Jun 10, 2009 3:43pm Jun 10, 2009 3:43pm
Quoting forexlion
to explain better

i just placed ema 55 on chart the magenta line in the main chart.

whenever price goes away from the line, it shows the buying strength or weakness in the form of histogram below.

when price is near the ema 55 line, that is the best time to open a new trade. because that is the decision level on what to expect next.

the strength of the trend is expressed in the form of histogram height.

Thanks! btw, good luck on your zulutrade goal!
  • #429
  • Jun 11, 2009 3:57am Jun 11, 2009 3:57am
my bias and my trade this week
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  • #430
  • Jun 11, 2009 4:12am Jun 11, 2009 4:12am
Quoting forexlion
my bias and my trade this week
i should have posted this chart long back, but got caught up in work pressure and missed it
  • #431
  • Jun 11, 2009 4:14am Jun 11, 2009 4:14am
Quoting forexlion
my bias and my trade this week
the thing to be observed is what does 6515 do to this move, does it stop here or break through to test higher resistance levels.
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  • #432
  • Jun 11, 2009 5:44am Jun 11, 2009 5:44am
Quoting forexlion
the thing to be observed is what does 6515 do to this move, does it stop here or break through to test higher resistance levels.
needless to say, now is not the time for entry, we are just trying to figure out how far it can go before tanking again
  • #433
  • Jun 11, 2009 10:02am Jun 11, 2009 10:02am
Quoting forexlion
the thing to be observed is what does 6515 do to this move, does it stop here or break through to test higher resistance levels.
DONE

now if we remain above 6515 then 6658 is the top
  • #434
  • Jun 12, 2009 7:40am Jun 12, 2009 7:40am
Since I am now trading GBPUSD I am more active on their thread

I posted my analysis here
http://www.forexfactory.com/showpost.php?p=2798457&postcount=136905

follow the posts after this for further details
  • #435
  • Jun 16, 2009 10:19pm Jun 16, 2009 10:19pm
This is crazy, the thread dies out where i leave it.
  • #436
  • Jun 16, 2009 10:22pm Jun 16, 2009 10:22pm
My charts and my trades for today:

 

  1. On GJ I am expecting R1, will also try for R2
  2. On GU I am considering opening a trade later for R1 on confirmation.

Attached Image (click to enlarge)
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  • #437
  • Jun 16, 2009 10:48pm Jun 16, 2009 10:48pm
Hey good chart. Entered at 157.96. Let see where it takes
  • #438
  • Jun 16, 2009 11:05pm Jun 16, 2009 11:05pm

  1. First add bulls power to the chart from the indicators folder value 13
  2. Then drag and drop moving average on top of bulls power, not the chart at random
  3. This way you can choose to use previous iindicator data for moving average.
  4. For settings see attachments


 

  1. This setup gives you the buying interest or selling interest and helps you decide which is the best direction to trade in.
  2. You need to manually add the 0 level to the bulls power
  3. The 0 level is for trend change possibility

Attached Images
  • #439
  • Jun 16, 2009 11:13pm Jun 16, 2009 11:13pm
Quoting forexlion
My charts and my trades for today:

 

  1. On GJ I am expecting R1, will also try for R2
  2. On GU I am considering opening a trade later for R1 on confirmation.

I will close my GJ at R1 since it also hits the kiss of death level just close to it.
  • #440
  • Jun 16, 2009 11:14pm Jun 16, 2009 11:14pm
thanks
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