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  • #1,061
  • Apr 7, 2010 12:58am Apr 7, 2010 12:58am
Quoting Nene
Hey FXL, I think a nice break and test of 1.5278, will send us there later. I think we are in the right direction, just got to have the patience. For now I will take advantage of the range.

Jim
superb job Jim, your analysis is real good.
  • #1,062
  • Apr 7, 2010 2:36am Apr 7, 2010 2:36am
The Daily Pivot is holding here as support. Golly...Gee....WOW, price action looking uncannily like a Bullish Flag here. If we are patient we could see a break to the high side before long. Accumulation forming on the 30 Min also. Looking for a burst to the 1.5400 area.

Jim
Attached Image (click to enlarge)
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  • #1,063
  • Apr 7, 2010 4:59am Apr 7, 2010 4:59am
Cant win them all, will stay in with stoploss at 5150 and see.

Jim

Quoting Nene
The Daily Pivot is holding here as support. Golly...Gee....WOW, price action looking uncannily like a Bullish Flag here. If we are patient we could see a break to the high side before long. Accumulation forming on the 30 Min also. Looking for a burst to the 1.5400 area.

Jim
  • #1,064
  • Apr 7, 2010 6:24am Apr 7, 2010 6:24am
Quoting forexlion
well this is the general idea

 

  1. 4 hour macd does not favor a long currently
  2. plus i need 5282 to break to confirm a long entry
  3. and unless 15 min macd says so, i will not short either
  4. so its a tight range for now, something I will prefer to avoid entirely.

http://img101.imageshack.us/img101/9379/cablef.gif

followup

well 15 min macd gave a wonderful short entry on the gbp news

http://img190.imageshack.us/img190/1043/cable.gif
  • #1,065
  • Apr 7, 2010 6:27am Apr 7, 2010 6:27am
Quoting forexlion
followup

well 15 min macd gave a wonderful short entry on the gbp news

http://img190.imageshack.us/img190/1043/cable.gif
since we are at the bottom of the day range, i will look for a good long entry closer to 5142 with a target of 5195
  • #1,066
  • Apr 7, 2010 6:29am Apr 7, 2010 6:29am
Quote
The Daily Pivot is holding here as support. Golly...Gee....WOW, price action looking uncannily like a Bullish Flag here. If we are patient we could see a break to the high side before long. Accumulation forming on the 30 Min also. Looking for a burst to the 1.5400 area.

Yes Jim, you are right..it could have bursted to 1.54 but for that Service PMI index should have notched up higher.

Market like to be on current theme, so since data was bad, it broke daily pivot and currently trading below S 1.
  • #1,067
  • Apr 7, 2010 8:05am Apr 7, 2010 8:05am
If gbp/jpy 141.53 in one hour chart so we can see furuther domn side move to 141.16.
  • #1,068
  • Apr 7, 2010 8:12am Apr 7, 2010 8:12am
Quoting forexlion
since we are at the bottom of the day range, i will look for a good long entry closer to 5142 with a target of 5195
job completed

heck , can anyone please tell me from the posts, how many pips i made this week so far ?
Attached Image (click to enlarge)
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  • #1,069
  • Apr 7, 2010 8:17am Apr 7, 2010 8:17am
Quoting forexlion
job completed

heck , can anyone please tell me from the posts, how many pips i made this week so far ?
doesnt matter bro.

wat matters is, its always in d green!
  • #1,070
  • Apr 7, 2010 9:32am Apr 7, 2010 9:32am
My 2 cents,

Pennant Triangle, ( Magenta ) has been broken and has morphed into a descending Triangle, ( Grey ). with the Double Bottom that isnt really as much as it is higher low on the 4 hr. Now, here is whats interesting: check out the in process formation I have brewing on the daily. Strikingly silmilar to the weekly I was showing 2 weeks ago. Like I said, long overall bias. is coming if not here already. Look for those Tweezer Bottoms after close today, folks.

Jim
Attached Image(s) (click to enlarge)
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  • #1,071
  • Apr 7, 2010 10:52am Apr 7, 2010 10:52am
Anyone care to throw their 2 pips worth in on the USDJPY? Pull back targets to the down side and targets to up side. Elliot Wave theory would be a nice touch too.

Trade to trade well.
JD
It's Easy To Get In;.. It's Hard To Get Out
  • #1,072
  • Apr 7, 2010 10:54am Apr 7, 2010 10:54am
Quoting Nene
My 2 cents,

Pennant Triangle, ( Magenta ) has been broken and has morphed into a descending Triangle, ( Grey ). with the Double Bottom that isnt really as much as it is higher low on the 4 hr. Now, here is whats interesting: check out the in process formation I have brewing on the daily. Strikingly silmilar to the weekly I was showing 2 weeks ago. Like I said, long overall bias. is coming if not here already. Look for those Tweezer Bottoms after close today, folks.

Jim
Good Call
  • #1,073
  • Apr 7, 2010 11:02am Apr 7, 2010 11:02am
My estimation, this thing could break out top side anytime.

Jim

Quoting forexlion
Good Call
  • #1,074
  • Apr 8, 2010 12:42am Apr 8, 2010 12:42am
4 hour is still very bearish , a test of 5195 will be appreciated

a break of 5188 will bring another test of 5142

trade safe
  • #1,075
  • Apr 8, 2010 1:33am Apr 8, 2010 1:33am
Quoting forexlion
4 hour is still very bearish , a test of 5195 will be appreciated

a break of 5188 will bring another test of 5142

trade safe
good boy

now gimme 5142 also

http://img94.imageshack.us/img94/1043/cable.gif
  • #1,076
  • Apr 8, 2010 3:10am Apr 8, 2010 3:10am
Quoting forexlion
good boy

now gimme 5142 also

http://img94.imageshack.us/img94/1043/cable.gif
excellent now baby get back to 5195

i am long from here

http://img208.imageshack.us/img208/1043/cable.gif
  • #1,077
  • Apr 8, 2010 3:32am Apr 8, 2010 3:32am
Quoting forexlion
excellent now baby get back to 5195

i am long from here

http://img208.imageshack.us/img208/1043/cable.gif
that was too friggin fast money, 60 seconds on the go

i love cable

http://img408.imageshack.us/img408/1043/cable.gif
  • #1,078
  • Apr 8, 2010 3:40am Apr 8, 2010 3:40am
Quoting forexlion
that was too friggin fast money, 60 seconds on the go

i love cable
Are you looking for a re-entry to go short or a long position someplace? TP's?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,079
  • Apr 8, 2010 3:53am Apr 8, 2010 3:53am
Quoting MarcVUM
Are you looking for a re-entry to go short or a long position someplace? TP's?
not immediately, i will wait for good scalp setup first

i am actually scalping on these charts and the move today has been good so far

well defined range
  • #1,080
  • Apr 8, 2010 3:58am Apr 8, 2010 3:58am
Quoting forexlion
not immediately, i will wait for good scalp setup first

i am actually scalping on these charts and the move today has been good so far

well defined range
well actually a crash to 4364 is on the cards, just needs to be seen, how much it gets delayed before the doomsday.
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