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Daily GBP/JPY analysis

  • #15,401
  • May 17, 2010 10:23pm May 17, 2010 10:23pm
Fantastic advice! I think I may stay out today!

Quoting Jebatfx
At this moment, more likely wave 4 is already completed either refering to the alt counts in yellow or magenta. A breakout towards the pivot critical line would bolster to this scenario. But please be noted also that, we may see another bullish retracement trend scenario to complete the unfinish of wave 4 in white. Also please take note that we may see a truncated of wave 5 scenario refering to the alt counts either in yellow or white. Therefore, a significant movement and breakout is still yet remain to be seen to determine which scenario that...
  • #15,402
  • May 18, 2010 12:31am May 18, 2010 12:31am
Fantastic advice! I think I may stay out today!

Quoting Jebatfx
At this moment, more likely wave 4 is already completed either refering to the alt counts in yellow or magenta. A breakout towards the pivot critical line would bolster to this scenario. But please be noted also that, we may see another bullish retracement trend scenario to complete the unfinish of wave 4 in white. Also please take note that we may see a truncated of wave 5 scenario refering to the alt counts either in yellow or white. Therefore, a significant movement and breakout is still yet remain to be seen to determine which scenario that...
  • #15,403
  • May 18, 2010 11:26pm May 18, 2010 11:26pm
Gbp vs Jpy (1H) - Favourably, I believed we may see another bearish continuation trend scenario either to complete subwave v (aqua) in wave 5 (white) to perform a "bearish trap scenario" or another major bearish continuation trend to complete major wave 5 in magenta. Otherwise, we may see a bullish reversal trend scenario if the "double bottom" pattern in valid.

Gbp vs Jpy (Daily) - Please be noted that a "double bottom" scenario would bolster to the alt counts either in yellow or white. Otherwise, I believed we may see another bearish rally perhaps to re-test the previous bottom (118.82) refering to the alt count in magenta. Good luck.
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  • #15,404
  • May 19, 2010 9:47pm May 19, 2010 9:47pm
At this moment, a significant breakout from either the magenta critical line or yellow/white critical line is necessary to determine either we shall see a truncated scenario (bullish reversal) refering to the alt counts either in yellow or white ; or an impulsive scenario refering to the alt count in magenta. A valid diagonal triangle reversal pattern would bolster to the alt counts either in yellow or white scenario. Otherwise, a breakout to the strong support 129.66 would favour to the major bearish continuation trend scenario in magenta. Good luck.
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  • #15,405
  • May 20, 2010 11:15pm May 20, 2010 11:15pm
At this moment, please be careful for any possibility towards a bullish reversal trend scenario either refering to the alt counts in yellow or white. A diagonal triangle pattern and a bearish trap scenario would bolster to this scenario. Otherwise we may see another bearish continuation trend scenario. Happy weekends and good luck.
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  • #15,406
  • May 22, 2010 6:41am May 22, 2010 6:41am
Your EW is unique ..rather complete..and has helped a lot..tho it's not easy for me to study ur chart ..but open up me mind to the posibilities...think ur a genius...thanks..grabbed 90 pips in 15 mins.
  • #15,407
  • May 22, 2010 7:31am May 22, 2010 7:31am
jebatfx i see from the other posters that u are great at analyzing but i fund it little hard to understand u dont say we shall se down movment or we have a short trend or somthing like that or long or upgoing trend or the market is supose to move up here cant u use those terms it would be more easy to understand thanks


best regards
  • #15,408
  • May 23, 2010 5:56am May 23, 2010 5:56am
Quoting jgadefelth
jebatfx i see from the other posters that u are great at analyzing but i fund it little hard to understand u dont say we shall se down movment or we have a short trend or somthing like that or long or upgoing trend or the market is supose to move up here cant u use those terms it would be more easy to understand thanks


best regards

Agree with u jgadefelth..but maybe we asking too much frm him..it's good dude if u can make it clearer on the short term and long term trend..tho u mentioned it on ur chart with the support & resistance..the danger zone..the big picture i mean..anyway..forex is like that huh..
  • #15,409
  • May 23, 2010 11:33am May 23, 2010 11:33am
mazlan that right nothing whrong with the count and analysis just that im a newbie and try to understand it


best regards
  • #15,410
  • May 23, 2010 10:26pm May 23, 2010 10:26pm
Gbp vs Jpy (1H) - At this moment, I believed market in progress to perform sub corrective wave a in white or wave 4 in magenta. Therefore, I'm looking forward for another bearish continuation trend scenario later either to complete sub corrective wave b in white or wave 4 in magenta. Otherwise, please be careful for any breakout towards the upper green trendline and R3 critical line.

Aud vs Usd (Daily) - Preferably, I believed market in progress to perform a major bearish reversal trend scenario to complete major wave C either in white or magenta. Please be careful for any bullish retracement trend scenario later.

Usd vs Cad (Daily) - Favourably, I believed market already in progress to perform a major bullish reversal trend scenario to perform wave C either in white or yellow. Please be noted that market have to perform a 5 bullish wave structures to complete wave 5 in C. Therefore, please be careful for any bearish retracement trend scenario later. Good luck.

p/s - u try to follow and study abt EW at the same time. After a while, u will start to understand of what I'm saying in the forecast. I'm not a signal provider. I'm just an ordinary technical analyst with a swing trade strategy. Happy trading.

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  • #15,411
  • May 24, 2010 7:16am May 24, 2010 7:16am
As usual your analysis is spot on and I thank you! I do have one question for you. When do you expect a move to the alt counts (c?) in white or yellow to unfold...if at all? You eluded to, one day last week, if the double bottom was valid (which it was not) that you expected a bullish retracement to the alt counts in yellow or white. Since price broke the double (and subsequently triple) bottom, are these counts still valid?


Quoting Jebatfx
Gbp vs Jpy (1H) - At this moment, I believed market in progress to perform sub corrective wave a in white or wave 4 in magenta. Therefore, I'm looking forward for another bearish continuation trend scenario later either to complete sub corrective wave b in white or wave 4 in magenta. Otherwise, please be careful for any breakout towards the upper green trendline and R3 critical line.

Aud vs Usd (Daily) - Preferably, I believed market in progress to perform a major bearish reversal trend scenario to complete major wave C either in...
  • #15,412
  • May 24, 2010 10:55pm May 24, 2010 10:55pm
Quoting Colostarr
As usual your analysis is spot on and I thank you! I do have one question for you. When do you expect a move to the alt counts (c?) in white or yellow to unfold...if at all? You eluded to, one day last week, if the double bottom was valid (which it was not) that you expected a bullish retracement to the alt counts in yellow or white. Since price broke the double (and subsequently triple) bottom, are these counts still valid?
Actually, I'm expecting further down for mid/long term but as u can know, market will not going down in straight line. It has to perform a retracement and subwaves. At current situation, I will not opening any new order either bull or bear, because the structures is not good enough for me to enter the market yet. Patient is very important in trading. Have a nice day.

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At this moment, a breakout is still yet remain to be seen to determine which alt count that is more preferable. A valid "rising wedge" pattern would bolster to the alt coun in magenta scenario. Otherwise, we may see a bullish reversal trend either in yellow or white. Good luck.
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  • #15,413
  • May 25, 2010 9:55pm May 25, 2010 9:55pm
At this moment, I'm looking forward for an opportunity towards a bearish continuation trend scenario refering to the alt count in magenta. A breakout towards the pivot and S3 critical line would bolster to this scenario. Otherwise, please be very careful for any breakout towards the bullish continuation critical line 1. Good luck.
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  • #15,414
  • May 26, 2010 9:58pm May 26, 2010 9:58pm
At this moment, a true breakout from either the bullish continuation critical line 1 or the bearish critical line 1 & 2 is necessary to determine which alt counts that is more favourable. Advisable to monitor all the critical lines including the trendlines before making any decision. Good luck.
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  • #15,415
  • May 27, 2010 9:53pm May 27, 2010 9:53pm
At this moment, market is more likely in favour towards the alt counts either in yellow or white. But, please be noted that market still have a possibility to perform a bearish continuation trend scenario in magenta. A pullback later would bolster to this scenario. Happy weekends and good luck.
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  • #15,416
  • May 30, 2010 9:32pm May 30, 2010 9:32pm
Favourably, I believed will perform another bearish trend either to complete subcorrective wave b in white or wave 5 in magenta. A breakout towards the yellow critical line and lower red trendline would bolster to this scenario. Otherwise, please be careful for any breakout towards the bullish continuation critical line 1. Good luck.
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  • #15,417
  • May 31, 2010 10:17pm May 31, 2010 10:17pm
Preferably, I'm looing for another bearish continuation trend scenario refering to the alt subwave count in aqua. A valid "rising wedge" pattern and follow by a breakout towards the yellow critical line would bolster to this scenario. Otherwise, please be careful for any breakout to the aqua critical line. Good luck.
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  • #15,418
  • Jun 1, 2010 11:13am Jun 1, 2010 11:13am
Just wanted to thank you for the fantastic analysis today! Although we didn't break the bearish critical line, we did break the aqua critical line... Good stuff, thank you!
  • #15,419
  • Jun 1, 2010 9:28pm Jun 1, 2010 9:28pm
Quoting Colostarr
Just wanted to thank you for the fantastic analysis today! Although we didn't break the bearish critical line, we did break the aqua critical line... Good stuff, thank you!
u r welcome. Best of luck to u.
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Favourably, I believed market just performed a "bull trap" scenario and therefore I'm looking forward for a pullback scenario either to perform subcorrective wave b in white or wave 5 in magenta. Otherwise, please be careful for further breakout towards the magenta critical line. Good luck.
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  • #15,420
  • Jun 2, 2010 6:10am Jun 2, 2010 6:10am
Have been following your analysis for a while, thanks, I am reading a lot on elliot wave also.
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