DislikedRight to the pip Baz! do you think in a possible breakout this time? I mean, below 139 on Geppy?Ignored
baz
GBP_JPY Spot.png
Attached Image (click to enlarge)
- #10,124
- Feb 18, 2010 7:21am Feb 18, 2010 7:21am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
keep watching,at present held at SUPPORT on 4 hr Charts.....its seems it stuck in a LARGE RANGE.....so lets see weekly close
baz
GBP_JPY Spot.png
GBP: Candles not close yet
LFX:
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,125
- Feb 18, 2010 8:51am Feb 18, 2010 8:51am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,126
- Edited 10:42am Feb 18, 2010 10:14am | Edited 10:42am
Hi John.
I agree with you, however it seems to me to short bearish trend with to big flag.
What do you think?
I would say , I rather see right shoulder of H&S pattern in Cadlfx monthly.
Because I've got chart only since Aug 2005, I can not see wider.
The weekly and monthly shows to me, there is room for up move as well.
Well, or simply I'm wrong
.
Let's see how will daily close for now
.
Regards
Mac.
[quote=JhonMonsalve;3476118]Hi Mac! The Loonie is strong, but watching monthly charts, looks like a big bear flag, 1.69 - 1.70 area to finish up move, IMHO
I agree with you, however it seems to me to short bearish trend with to big flag.
What do you think?
I would say , I rather see right shoulder of H&S pattern in Cadlfx monthly.
Because I've got chart only since Aug 2005, I can not see wider.
The weekly and monthly shows to me, there is room for up move as well.
Well, or simply I'm wrong
.Let's see how will daily close for now
.Regards
Mac.
[quote=JhonMonsalve;3476118]Hi Mac! The Loonie is strong, but watching monthly charts, looks like a big bear flag, 1.69 - 1.70 area to finish up move, IMHO
- #10,128
- Feb 18, 2010 6:04pm Feb 18, 2010 6:04pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Baz! I don't know why you don't like sushi, you're great on it, Geppy is bouncing from there.
Right to the pip, just when you did the call is bouncing from.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,129
- Feb 18, 2010 6:08pm Feb 18, 2010 6:08pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
Hi John.
I agree with you, however it seems to me to short bearish trend with to big flag.
What do you think?
I would say , I rather see right shoulder of H&S pattern in Cadlfx monthly.
Because I've got chart only since Aug 2005, I can not see wider.
The weekly and monthly shows to me, there is room for up move as well.
Well, or simply I'm wrong
Let's see how will daily close for now
Regards
Mac.
The Loonie is strong, that's the fact, but I'll look for shorts on the weekend or maybe the next week, 1.69 - 1.7 are short areas, like indicate the monthly and weekly chart.
Sort of Three White Soldiers on weekly charts, after morning doji star.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,130
- Feb 18, 2010 6:10pm Feb 18, 2010 6:10pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,131
- Feb 18, 2010 6:34pm Feb 18, 2010 6:34pm
that is a cool chart. Just goes to show that you should always go out an look at the bigger picture chart to see what is going on.
Thanks.
- #10,132
- Feb 18, 2010 6:53pm Feb 18, 2010 6:53pm
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #10,133
- Feb 19, 2010 1:26am Feb 19, 2010 1:26am
- | Commercial User | Joined Mar 2009 | 1,423 Posts
Let Price determine your future!
- #10,134
- Feb 19, 2010 1:38am Feb 19, 2010 1:38am
- | Joined Oct 2009 | Status: Trader | 1,192 Posts
Hi Jesterx!
That's the idea of this great thread, big time frames to trade with the main trend, and avoid the whipsaws on this choppy market.
All the best!
Jhon
__________________
I agree with you, Jhon. That bearish shooting star in cable at around 1.64 levels would have given clear cut stress free 900 pips in about 3-4 weeks.
My trading profits has improved by leaps and bounds once i started analysing daily candlestick and think about big picture- swing and position trading. No intraday trades.
The best part is i can try to capture big pips and reduce my position size rather then increasing position size and capturing small pips as in intraday trading.
- #10,137
- Feb 20, 2010 8:47am Feb 20, 2010 8:47am
Hi Kingfisher.
I agree with you about GU daily hammer at Friday which is third attempt to test bottom TL so far.
In my point of view we can see bounce to RL at 1.578xx or 1.60xx next week.
However, my favour is move lover, break TL up to SL at 1.515xx, or I'm wrong
Please see daily GU chart.
What do you think?
It will be my please to heard any comment from you.
Regards.
Mac.
I agree with you about GU daily hammer at Friday which is third attempt to test bottom TL so far.
In my point of view we can see bounce to RL at 1.578xx or 1.60xx next week.
However, my favour is move lover, break TL up to SL at 1.515xx, or I'm wrong
Please see daily GU chart.
What do you think?
It will be my please to heard any comment from you.
Regards.
Mac.
- #10,138
- Feb 20, 2010 10:03am Feb 20, 2010 10:03am
Spinning top on USD/JPY on friday !!
Hammer on GBP/USD on friday !!
Can you, please, see my UJ daily chart?
I can not see "spinnig top" on it, and because you didn't attach your chart, it maybe is different broker or time zone.
I can see on my UJ chart kind of invalid bearish harami candle. The previous candle with not so long body and with long lower wick.
The last candle with long upper wick, seems to me rather us a kind of "star with gap down" which meant close previous higher then current open and close current a bit below then half previous body.All that tells me there isn't end of this move up and I expect drop to 90.98xx then move up to TL at 92.58xx perhaps.
Well, or I'm wrong again
.What do you think?
Regards
Mac.
