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

  • #121
  • Oct 9, 2009 7:50am Oct 9, 2009 7:50am
UPDATE:

we are back in wedge.. closed 4h candle below, closed under DPP, retraced Fib382 and now the way is clear to next level = 1.5880

[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 35 KB
Click to Enlarge Name: gu2.png Size: 46 KB
Click to Enlarge Name: gu3.png Size: 46 KB
  • #122
  • Oct 9, 2009 8:21am Oct 9, 2009 8:21am
Update:

Still in wedge.. bounced of the gann 4h...

Looks like a nice FLAG is in development a BEAR one.. Pay attention on that breakout of the yellow chanel, and confirmation when we close below DPP...

[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gy.png Size: 23 KB
Click to Enlarge Name: gy1.png Size: 39 KB
  • #123
  • Edited 11:04am Oct 9, 2009 10:50am | Edited 11:04am
Approaching my daily GU target.. 1.5880

another portion of Profit taking.. HERE..
  • #124
  • Oct 9, 2009 5:48pm Oct 9, 2009 5:48pm
Quoting Piters
Approaching my daily GU target.. 1.5880

another portion of Profit taking.. HERE..
310usd in profit as i closed around 1.5885 as u suggested 5880, cheers masta piters
  • #125
  • Oct 12, 2009 9:59am Oct 12, 2009 9:59am
As I posted before on AUSLANCO and GBPUSD thread..

[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu10.png Size: 39 KB
Click to Enlarge Name: gu11.png Size: 24 KB
Click to Enlarge Name: gu12.png Size: 38 KB
  • #126
  • Oct 12, 2009 10:01am Oct 12, 2009 10:01am
Closed 4h below gann4h and 50ema... testing the trend line from previous wedge, and next target is 139.50..

[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gy.png Size: 42 KB
Click to Enlarge Name: gy1.png Size: 25 KB
  • #127
  • Oct 12, 2009 10:06am Oct 12, 2009 10:06am
great charts bro!..loving the thinking behind them..
  • #128
  • Oct 12, 2009 6:57pm Oct 12, 2009 6:57pm
keep posting masta, i do appreciate it
  • #129
  • Oct 12, 2009 8:56pm Oct 12, 2009 8:56pm
strong resistance pushing GY to break to Down side...

[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gy.png Size: 25 KB
Click to Enlarge Name: gy1.png Size: 38 KB
Click to Enlarge Name: GY2.png Size: 34 KB
Click to Enlarge Name: GY3.png Size: 51 KB
  • #130
  • Oct 12, 2009 8:57pm Oct 12, 2009 8:57pm
a possible short setup on GU.. waiting for a break down

[Chart]
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 30 KB
  • #131
  • Oct 12, 2009 9:31pm Oct 12, 2009 9:31pm
Quoting Piters
a possible short setup on GU.. waiting for a break down

[Chart]

and also geppy.. break at wedge..
  • #132
  • Oct 12, 2009 9:32pm Oct 12, 2009 9:32pm
Quoting mrfxbaling
and also geppy.. break at wedge..

yup...
  • #133
  • Oct 12, 2009 10:41pm Oct 12, 2009 10:41pm
GY 4h

[Chart]
Attached Image (click to enlarge)
Click to Enlarge Name: gy.png Size: 37 KB
  • #134
  • Oct 12, 2009 11:10pm Oct 12, 2009 11:10pm
Bullish sign

Symmetrical triangle in UPTREND is a continuation pattern... still GOLD may retrace to 1046 and tehn spike back Up.. maybe touch even 1100 level.. medium term Im still expecting touch and test the last breakout at 1030

Important levels to watch are 1046 (possible bounce back0 and Upper trendline as possible breakout to UP side..
[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold.png Size: 20 KB
Click to Enlarge Name: gold1.png Size: 29 KB
Click to Enlarge Name: gold2.png Size: 25 KB
  • #135
  • Oct 12, 2009 11:14pm Oct 12, 2009 11:14pm
Warning to EUR short traders.. a BULL flag on 1h.. a breakout to Up side would clear way to test 1.49 and 1.50. Looking at the GOLD, 1.50 is not impossible in very short term..

[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.png Size: 31 KB
Click to Enlarge Name: eu2.png Size: 27 KB
  • #136
  • Oct 12, 2009 11:22pm Oct 12, 2009 11:22pm
it looks a bull flag also in Pound 1 hour
  • #137
  • Oct 12, 2009 11:28pm Oct 12, 2009 11:28pm
Quoting pakitrader
it looks a bull flag also in Pound 1 hour
YES.. looks like on EUR, GU too.. 1h..
GOLD looks bulish too..

we still may see a fibo 50 retrace to 1.5923 before any continuation..
UK NEWS are around..
  • #138
  • Oct 12, 2009 11:39pm Oct 12, 2009 11:39pm
Im considering booking additional profit.., and move my stop above 1.60

candle pattern indicate some buying, and if we get this candle close above 1.578, then 1.58 is next.. and a possible Bull flag too, with again, possible target at

1.58774
1.59237
1.59700

UK News in few hours...

[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.png Size: 32 KB
Click to Enlarge Name: gu1.png Size: 28 KB
  • #139
  • Oct 12, 2009 11:40pm Oct 12, 2009 11:40pm
you still bearish in long term pound when euro and gold is going up
  • #140
  • Oct 12, 2009 11:43pm Oct 12, 2009 11:43pm
I dont know how long im going to be able to post my charts..

Im considering taking some break, as posting and trading is very difficult..

Im not saying that im stopping with all my posts.. but I'll post them not so often as I did so far..

If I spot some good setup I'll post it here..


Cheers Guys ..

see you around..

Lovin 'ya..
p
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