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

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

#81
Jun 19, 2009 7:46am Jun 19, 2009 7:46am

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

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#82
Jun 19, 2009 8:27am Jun 19, 2009 8:27am

sycho
Joined Sep 2007 | Status: Senior Member | 2,939 Posts

Quoting Piters

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EW

Ignored

....HOLLA

CAPTAIN Sycho..

Imanuel Parsifal

#83
Jul 1, 2009 6:50am Jul 1, 2009 6:50am

aly2000
| Joined May 2009 | Status: Trader | 6 Posts

Quoting Piters

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Fibo382 is a very powerfull level. they are so strong levels, better then any TL, gann, or 50ema, specailly on Higher TF. whenever we hit those leves, we are Up to retrace.

Here is a exp. of AY chart.. we did a retrace on weekly F382, and at least what we have to expect is some retracement on opposite side.. Now pay attention for Stoch + FIBO, when we Hit those levels.. That is the one, and I knew that AY finised the UP (correction) move

Same with EY..

Ignored

hello dear
please send me the setting file you are use or save as set file to me
thanks.
Best regards

#84
Aug 31, 2009 2:37am Aug 31, 2009 2:37am

Angelina
Joined Jul 2008 | Status: Forex4Ever | 2,190 Posts

Hi Piters, what is next target would be bounce on GJ. dayly chart 38.2 is around 146.50, what would you suggest for that?

thanks.
keep this thread up plz, Piters.

#85
Aug 31, 2009 2:47am Aug 31, 2009 2:47am

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

Quoting Angelina

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Hi Piters, what is next target would be bounce on GJ. dayly chart 38.2 is around 146.50, what would you suggest for that?

thanks.
keep this thread up plz, Piters.

Ignored

im expecting a bounce from there.. really depends of PA and the current momentum.. but so far we are sliding towards that area..

the drop from 153.50 when the breakout started. developed 4 waves down..
we are in 4th one.. we can continue from this level, or maybe higher..look fibs and pivots leves..
but another one is On.. (we should be safe Up to 152.12)

low volumes today and a bank holiday

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#86
Aug 31, 2009 2:54am Aug 31, 2009 2:54am

golden trade
| Joined Aug 2009 | Status: Trader | 3 Posts

Quoting Piters

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im expecting a bounce from there.. really depends of PA and the current momentum.. but so far we are sliding towards that area..

the drop from 153.50 when the breakout started. developed 4 waves down..
we are in 4th one.. we can continue from this level, or maybe higher..look fibs and pivots leves..
but another one is On.. (we should be safe Up to 152.12)

low volumes today and a bank holiday

Ignored

thax man

#87
Aug 31, 2009 3:16am Aug 31, 2009 3:16am

Angelina
Joined Jul 2008 | Status: Forex4Ever | 2,190 Posts

Quoting Piters

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im expecting a bounce from there.. really depends of PA and the current momentum.. but so far we are sliding towards that area..

the drop from 153.50 when the breakout started. developed 4 waves down..
we are in 4th one.. we can continue from this level, or maybe higher..look fibs and pivots leves..
but another one is On.. (we should be safe Up to 152.12)

low volumes today and a bank holiday

Ignored

thank Piters, so would be nice if the pairs retrace back to 61.8%.
Dont forget giving me your skype name Piters thank.

Angelina.

#88
Aug 31, 2009 7:07am Aug 31, 2009 7:07am

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

Still om F382 retrace level.. Waiting on breaking the chanel..

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#89
Aug 31, 2009 11:01am Aug 31, 2009 11:01am

Angelina
Joined Jul 2008 | Status: Forex4Ever | 2,190 Posts

Quoting Piters

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Still om F382 retrace level.. Waiting on breaking the chanel..

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retest back to 38.2% again, do you think it will break and up to 61.8% Piters?

thanks.

#90
Aug 31, 2009 12:14pm Aug 31, 2009 12:14pm

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

Quoting Angelina

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retest back to 38.2% again, do you think it will break and up to 61.8% Piters?

thanks.

Ignored

The preassure is to down side for GU and UY.. less likely we are going higher

#91
Edited 5:40am Sep 6, 2009 12:25am | Edited 5:40am

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

[w] After the rally from 118 and doble top at 163.07 we've seen some pull back or possible start of the correction-reversal. Next point to be tested and a possible rejection form that point is 146.76 - 146.164 where our Fib 382 line is.
[w] we brole the Lower trend line and we are below the 5sma and 50ema
[D] on our daily chart we established a small 18 day bear trend, we had some hard time at 153.50 to break that point.. and as now look like we are heading back to retet the breakpoint.. (7 days out of 18 days we tried to break that level)
[D] with NFP soft data, we had a news spike - formed the double top [152.70] and we closed the session, day, and week with a double top rejection. Usualy we should sell double tops, and buy tripple top on penetration.
[D] Monday . Sydney-Tokyo session opens with DPP at 152.01, and the next daily bar opens above DPP and above 5sma. - a classic Bullish sign for monday..

[Charts]

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#92
Sep 6, 2009 12:52am Sep 6, 2009 12:52am

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

Now lets see some lower time frames and a possible setups there..

[4H] double top [152.70] is in place, that should give us some resistance... Usualy we should see the price send back to test the nearest Support level
[4H] Monday DPP (daily pivot) is at [152.01], we also have a 50 ema at tat level but also a fibonacci F382 on same level too. [152.00] we saw that level hard time to cross in both ways.
[4H] fast stoch entering in OB area..
[1H] litele bit clearer picture, with posible forming of the 70 pips range from 152.70 to the DPP [152.00]

Now, as we know the possible S/R levels. we may project the most possible scenarios can happen on monday.

it is important for a start to watch fisrt 2 levels teh friday TOP [152.70] and DPP [152.00], as break of any could give us some more clue where we are heading for rest of the day..
the most possible scenario from my perspective is that we go down to test DPP in asia, and with rejection from DPP we could go back UP again.. Anyway, this is only a hypotetical, as anything can happend.
But for sure.. breaking of the 152.70 could give us another 100+pips to up side, Breakind of DPP [152.00] could give us some more -> down to 146.76-146.10 where Im seeing the major rejection.
Monday is business as usual for Asia/EU, but Canda/Ny are on holiday... [low volume]

[Charts]

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#93
Sep 6, 2009 1:08am Sep 6, 2009 1:08am

mrfxbaling
| Joined Dec 2008 | Status: Trader | 163 Posts

Quoting Piters

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Now lets see some lower time frames and a possible setups there..
[list][*][4H] double top [152.70] is in place, that should give us some resistance... Usualy we should see the price send back to test the nearest Support level[*][4H] Monday DPP (daily pivot) is at [152.01], we also have a 50 ema at tat level but also a fibonacci F382 on same level too. [152.00] we saw that level hard time to cross in both ways.[*][4H] fast stoch entering in OB area..[*][1H] litele bit clearer picture, with posible forming of the 70 pips range from 152.70 to...

Ignored

good analyze piter...