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Daily GBP/JPY analysis

  • #15,241
  • Dec 10, 2009 9:06am Dec 10, 2009 9:06am
GBP/JPY

[email protected] [email protected] [email protected]
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #15,242
  • Dec 10, 2009 2:21pm Dec 10, 2009 2:21pm
Personally, I think we're going to see a retest of 149 before we break through the bottom for a new low.
  • #15,243
  • Dec 10, 2009 6:55pm Dec 10, 2009 6:55pm
At this moment, preferably I believed market in progress to complete subcorrective wave e/iv in magenta before expecting for another bearish continuation trend scenario to perform subwave v. A valid rising wedge bearish continuation pattern would bolster towards this scenario. Therefore, advisable to look for a bearish continuation entry signal from BSTS later. Otherwise, we may see a bullish continuation trend to complete subcorrective wave c/2 in white. Happy weekends and good luck.
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  • #15,244
  • Dec 13, 2009 2:20pm Dec 13, 2009 2:20pm
Quoting Yngwie
GBP/JPY

[email protected] [email protected] [email protected]
this is a caution to newbies ...do not follow others calls including a guy that say he made 1032 pips in a week

remember this is a forum for open thoughts and discussions not trade calls .

There are several awesome trade call web sites out there , some of which i have tested. and of course the best one I came across was $400 per month ..not me and i have nothing to do with it so i am NOT trying to sell something before you all jump on me

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Blogging daily now at www.volume.zone
  • #15,245
  • Dec 13, 2009 2:36pm Dec 13, 2009 2:36pm
Quoting malcolmb14
this is a caution to newbies ...do not follow others calls including a guy that say he made 1032 pips in a week

remember this is a forum for open thoughts and discussions not trade calls .

There are several awesome trade call web sites out there , some of which i have tested. and of course the best one I came across was $400 per month ..not me and i have nothing to do with it so i am NOT trying to sell something before you all jump on me

Attachment
i don't. i'm not a newbie. i do know there are a lot of people who are just talking out there a$$ anyway. Especially when they seem to get every call right.

read my title.
  • #15,246
  • Dec 13, 2009 7:16pm Dec 13, 2009 7:16pm
Preferably, I believed market in progress to complete wave v in magenta. But please be extra careful for any bullish retracement trend to perform subwave 2 in aqua. Otherwise, please be careful for any breakout towards the pivot critical line. Good luck.
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  • #15,247
  • Dec 14, 2009 5:08am Dec 14, 2009 5:08am
tell me something about the GBP/CHF. i'm grasping at it, but fail to see exactly anything!!i used to overlay it but net dania charts quit that!
  • #15,248
  • Dec 14, 2009 7:00pm Dec 14, 2009 7:00pm
At this moment, I'm looking forward for a completion or subwave 2 in aqua before expecting for another bearish continuation trend scenario to perform subwave 3, 4 and 5. A pullback from the upper green trendline and later a breakout to the S3 critical line would bolster towards this scenario. Otherwise, please be careful for any breakout towards the green upper trendline and aqua/magenta critical line. Good luck.
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  • #15,249
  • Dec 15, 2009 7:42pm Dec 15, 2009 7:42pm
At this moment, I'm looking forward for a pullback scenario from the yellow upper trendline for a bearish continuation trend. A valid rising wedge pattern and a breakout towards the lower red and yellow trendline would bolster to this scenario. Otherwise, please be careful for any further bullish rally perhap to perform a bull trap scenario. Good luck.
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  • #15,250
  • Dec 15, 2009 9:08pm Dec 15, 2009 9:08pm
Quoting Gbp/jpy
tell me something about the GBP/CHF. i'm grasping at it, but fail to see exactly anything!!i used to overlay it but net dania charts quit that!
i'm not going into too much detail on it in this thread, because its about the beast.

gbp/chf is the inverse of eur/gbp. if you are long the e/g, then you are short the g/c and vice versa. Only if you are looking to hedge yourself then go long or short on both. its about the relationships of the pound that will enable you to trade it.
  • #15,251
  • Dec 15, 2009 10:34pm Dec 15, 2009 10:34pm
that's a new wrinkle for me. thanks, man
  • #15,252
  • Dec 16, 2009 7:01pm Dec 16, 2009 7:01pm
Please be noted that the previous alt count in magenta is already invalid. At this moment, I believed market just performed a "bull trap" scenario which is a typical trap happen in diagonal triangle (rising wedge) pattern. Therefore, I'm looking forward for a pullback from the upper yellow trendline and further breakout towards the lower yellow trendline. Otherwise, please be careful for any breakout towards the bullish continuation critical line 1. Good luck.
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  • #15,253
  • Dec 16, 2009 7:55pm Dec 16, 2009 7:55pm
Quoting Jebatfx
Please be noted that the previous alt count in magenta is already invalid. At this moment, I believed market just performed a "bull trap" scenario which is a typical trap happen in diagonal triangle (rising wedge) pattern. Therefore, I'm looking forward for a pullback from the upper yellow trendline and further breakout towards the lower yellow trendline. Otherwise, please be careful for any breakout towards the bullish continuation critical line 1. Good luck.
It does look like the bulls and bears are fighting it out. Price is at 50% of the range between 141.02 and 151.37. Some are selling and others are buying. which one will win?

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  • #15,254
  • Dec 17, 2009 4:58pm Dec 17, 2009 4:58pm
then all hail kicks in, i can't wait for december 22 or so.
  • #15,255
  • Dec 17, 2009 8:38pm Dec 17, 2009 8:38pm
At this moment, I'm looking forward for another bearish trend either sub corrective wave b in aqua or an extension of subwave iii in white. Selamat menyambut Maal Hijrah to all muslim and happy weekends.
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  • #15,256
  • Dec 17, 2009 11:12pm Dec 17, 2009 11:12pm
Hello all,

I have just posted an updated version of my trading method for anyone interested. Bear necessities over my way.

Desert Island Trading Journal
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  • #15,257
  • Dec 17, 2009 11:42pm Dec 17, 2009 11:42pm
Is this a play of Symmetrical Triangle?

Please comment on my chart. Shorting is possible once breakout is confirmed?
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  • #15,258
  • Dec 18, 2009 12:13am Dec 18, 2009 12:13am
Quoting Emp
Is this a play of Symmetrical Triangle?

Please comment on my chart. Shorting is possible once breakout is confirmed?
Yes you are correct.
  • #15,259
  • Edited 1:10am Dec 18, 2009 12:22am | Edited 1:10am
Thanks Tao.

I believe it can breakout in any direction? Up and down.

In a broader picture at D chart, Nov low closes lower than Oct low while Nov high was lower than Oct high. Ie. Nov has formed lower low and lower high. Does it mean that the overall trend is a downtrend?
  • #15,260
  • Dec 18, 2009 11:50am Dec 18, 2009 11:50am
Quoting Emp
Thanks Tao.

I believe it can breakout in any direction? Up and down.

In a broader picture at D chart, Nov low closes lower than Oct low while Nov high was lower than Oct high. Ie. Nov has formed lower low and lower high. Does it mean that the overall trend is a downtrend?
Yes Emp, I believe we are at the beginning stages of a strong breakout to the downside. I have been trying to short this pair since May. It is fighting support hard next to the other dollar pairs, but I think next week we will see a breakout.....if we do not see it before the close today. This pair is poised for a wave 3 downtrend as my charts shows. The monthly chart shows fibonacci expansions prices and Elliot waves. The weekly chart shows a symmetrical triangle formation being broken to the downside.
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