Daily GBP/JPY analysis

At this moment, I'm looking forward for a bearish trend and a pullback scenario either refering to the alt counts in white or magenta. A valid "rising wedge" pattern and a breakout towards the pivot critical line would bolster to this scenario. Otherwise, please be careful for a "bull trap scenario" or any breakout towards the R3 critical line. Good luck.

Gbp vs Jpy (1H) - At this moment, I believed market just perform a bullish trap scenario and looking forward for a bearish continuaiton trend scenario, perhaps to perform subwave 1 in aqua. Otherwise, please be careful for another breakout towards the upper green trendline.

Gbp vs Jpy (Daily) - Preferably, I'm looking forward for a major bearish continuation trend scenario either refering to the alt counts in white or magenta. Otherwise, please be careful towards a truncated scenario refering to the alt count in yellow.

Gbp vs Usd (Daily) - Favourably, I believed market will perform another bearish continuation trend either refering to the alt count in magenta or yellow. Otherwise, please be careful for any breakout towards the yellow critical line. Good luck.

Your technicals look great to me... I don't really know what I am doing... technically speaking. Do you us any fundament information when you are hypothesizing a particular direction in the market?

outlook is a bit negative.upper blue line important resistance.
it may retest 61.8 yellow line.

Hi,

actually I'm purely a technical trader. So I will not using any FA in my analysis. Good luck and happy trading.

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Gbp vs Jpy (1H) - Preferably, I'm looking towards a bearish trend scenario either refering to the alt count in yellow, white or magenta. A breakout towards the major yellow lower trendline would bolster towards the alt count in magenta. Otherwise, we shall expecting for a bounce scenario either refering to the alt count in yellow or white.

Aud vs Usd (Daily) - Please be noted that due to the breakout towards the upper green trendline, I have to made some recount adjustment refering to the alt count in magenta. A strong pullback would bolster towards the alt count in white scenario. Otherwise, another bullish rally would indicates either we shall see a "double top" scenario either refering to the alt count in magenta or yellow.

Usd vs Cad (Daily) - Preferably, I believed market just performed a "bearish trap" scenario and I'm looking forward for a major bullish reversal trend scenario either refering to the alt count in yellow or white. Otherwise, please be careful for any breakout towards the bearish continuation critical line 1. Happy weekend and good luck.

Gbp vs Jpy (1H) - Preferably, I believed market in bearish continuation trend scenario either refering to the alt count in magenta or white scenario. Please be extra careful for any possibility towards a strong bullish retracement trend scenario perhaps to complete subwave 2 in white. A further breakout towards the bearish continuation critical line 1 and lower red trendline would bolster to the alt count in magenta scenario. Otherwise, please be careful for any bounce from the S3 critical line.

Eur vs Usd (4H) - Favourably, I believed market in progress to complete subwave 5 either in yellow or magenta. A breakout towards the white critical line would bolster to this scenario. Otherwise, please be careful towards a bounce scenario, perhaps to perform subwave ii refering to the alt count in yellow. Good luck.

Preferably, I believed market will perform a bearish continuation trend scneario refering to the alt count in magenta. A "pullback" from the upper green trendline and follow by a breakout towards the pivot critical line would bolster to this scenario. Otherwise, please be careful for any breakout toward the upper green trendline and magenta critical line. Good luck.

Jebatfx.... So do you draw all of your lines manually with your mouse?
Also, what books have you read to learn how to do what you do or did you have a mentor. I try to study on my own. I live in Taiwan and forex isn't really all the popular here yet. And most of the books here are about stocks. Can you point me in the direction of good information. Also, being that you are a pure Techinical analyst, Has that been profitable for you in the long run? Thanks for your time.

Pair-me-up

Hey everyone we got big news coming out of the UK tomorrow morning, both the consumer price index and retail price index are showing that we will see some strong movement north (long) so hopefully we make some pips.

There are 2 books I recommend for trendline analysis:

The trendline methods of Alan Andres:

http://www.amazon.com/Best-Trendline.../dp/0965051838

and

Mastering Elliot Waves

http://www.amazon.com/Mastering-Elli...9321509&sr=1-1

Thanks Kambooj

I will check it out.

Since I live in Taiwan, getting books here is a pain. But luckily I was able to find the books that you recommend from forexablog... The quality wasn't awesome.. But good information is good information.. Thanks.

Favourably, I'm looking forwards for a bearish continuation trend scenario refering to the subwave count in aqua. A breakout towards the bearish continuation critical line 1 would bolster to this scenario. Otherwise, this scenario would be invalid if market break the R3 critical line. Good luck.

Please be noted that due to the strong bounce scenario, the alt count in magenta is already invalid. A strong breakout towards the pivot and bearish continuation critical line 1 is needed to bolster towards the bearish continuation trend scenario refering to the alt count in white. Otherwise, please be careful for another bullish rally and any breakout towards the upper green trendline.

How might it could effect the USD/JPY pair after the 3 important news today (25-Mar-2010)?
http://cdn.forexfactory.com/images/m...dar_upnext.gif 8:30 USD Unemployment Claims
http://cdn.forexfactory.com/images/m...etail_star.gif

452K 457K
http://cdn.forexfactory.com/images/misc/viewchart.gif 9:10 USD FOMC Member Pianalto Speaks
http://cdn.forexfactory.com/images/m...dar_detail.gif




10:00 USD Fed Chairman Bernanke Testifies
http://cdn.forexfactory.com/images/m...tail_alert.gif



Anyone have idea? Could I sell before the first new occur?
Thank you very much

Gbp vs Jpy (4H) - At this moment, I'm looking forward towards a bearish continuation opportunity refering to the subwave count in aqua. Otherwise, this scenario would be invalid if market continue to break the bullish continuation critical line 1.

Gbp vs Usd (Daily) - Preferably, I'm looking forward for a breakout towards the bearish continuation critical line 1 to bolster the bearish continuation trend scenario. Otherwise, please be careful for any bounce scenario perhaps to perform the unfinish of wave 4.

Eur vs Usd (4H) - Favourably, I believed market in progress to complete subwave 5 in 1 refering either to the alt count in yellow or magenta. Please be careful for a possible strong bullish retracement trend later to perform major wave 2.

Aud vs Usd (Daily) - As long the white critical line is remain intact, I strongly believed market in progress to perform a major bearish reversal trend scenario refering to the alt count in white. Otherwise, please be careful for another "bull trap" scenario perhaps to perform major corrective wave B in magenta.

Usd vs Cad (Daily) - Preferably, I believed market just perform a "bearish trap" scenario and looking forward towards a major bullish reversal trend scenario either refering to the alt count in yellow or white. Otherwise, please be careful for any possible "bearish trap" scenario. Happy weekend and good lucks.

Anyone trade the GBP/CHF pairs? They seem to be correlated but diverge at some periods for a week. I have all my charts glued to GBPJPY and I don't like to switch pairs for a quick view, as some of my indicators exploit the ticks. Is it wise to assume the pairs are always correlated? Will they anticorrelate at the worst possible moment?

Hello Traders,I just did a back test of an old system(tkimble) 50 pips above the close buy / sell 50 pips below on a daily chart from december 2009 to the present looks great.Main point is that this pairs greatest pip moves are on tuesdays & wednesdays. (trend established).PS:just an observation

All pairs have their own elliotwave behavior and eventhough some time u see its correlated but their current major waves or subwaves may different. So they can perform an anticorrelate trend from time to time. Happy trading.

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At this moment, I'm looking for an opportunity towards a bearish continuation trend scenario either refering to the alt counts in magenta or white. Otherwise, please be careful towards a bullish reversal trend scenario in yellow. Good luck.

This is the only serious thread dedicated to this pair alone so I thought I would post my thoughts here:



So I would be interested in what anyone else thinks. A retest of 140 would mean the price might touch 141 or more but I will be looking for price action on the daily from now on as I am very bearish on this pair.