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  • #234,241
  • Mar 4, 2011 6:05am Mar 4, 2011 6:05am
Quoting harigp
looking for long in those HZ lines see my spread
Lol do you need to trade gj with such a huge spread on NFP day ??
  • #234,242
  • Mar 4, 2011 6:09am Mar 4, 2011 6:09am
hi

it is not 46 it is 4 pip
  • #234,243
  • Mar 4, 2011 6:13am Mar 4, 2011 6:13am
This could finally be the day of reckoning. Shorts should cut losses at 135.60. Longs let them ride until 139.60.
  • #234,244
  • Mar 4, 2011 6:14am Mar 4, 2011 6:14am
133.70 acting as good support. Look likes buying power at 133.80.

Based on price action at the moment...potential break 135.40.





Quoting honeybhi
Locking my long pos at 133.75.

Next up on gj 135.40 and break that 137.75 area.

No fresh pos now ,pre NFP .

Trade safe guys and green pips to all.
  • #234,245
  • Mar 4, 2011 6:20am Mar 4, 2011 6:20am
Quoting PandoraBox
133.70 acting as good support. Look likes buying power at 133.80.

Based on price action at the moment...potential break 135.40.


At the moment GJ testing monthly gann.
Waiting for 135.40 break to add more.

GU 1.6270 defended heavily.Look 4hr close.

UJ closed above 200ema on H4.

Waiting for it to explode.
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  • #234,246
  • Mar 4, 2011 6:27am Mar 4, 2011 6:27am
I have a question for divergence traders.

I see higher high on price and lower high on stochs,which indicates bearish divergence.

Since it broke the high of 134.21 ,should the divergence be neglected ????

Someone who trades divergence ,plz help me understand.I'm still learning it.
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  • #234,247
  • Mar 4, 2011 6:33am Mar 4, 2011 6:33am
The best divergence expert I have seen...is lilmoe.

He will come back this summer bro.

p/s: I'm waiting monthly candle close and ...monthly gann flip....

Quoting honeybhi
I have a question for divergence traders.

I see higher high on price and lower high on stochs,which indicates bearish divergence.

Since it broke the high of 134.21 ,should the divergence be neglected ????

Someone who trades divergence ,plz help me understand.I'm still learning it.
  • #234,248
  • Edited 6:52am Mar 4, 2011 6:41am | Edited 6:52am
Quoting honeybhi
I have a question for divergence traders.

I see higher high on price and lower high on stochs,which indicates bearish divergence.

Since it broke the high of 134.21 ,should the divergence be neglected ????

Someone who trades divergence ,plz help me understand.I'm still learning it.
No, the divergence simply gets stronger. The only time this divergence will be invalidated is when a)The MACD histogram becomes higher than the previous measured level OR b)When price comes back to the initial divergence level, (134.12). Bear in mind though that this level has already been hit since the initial divergence, so this may continue for some time before playing out again.

I have included a second chart which shows a Daily bearish divergence which played out. Rectangle area is the official play-out area.

Chart 1.
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Chart 2.
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Finally, whilst I do not ever recall a regular divergence not playing out in the way I described, the timing of these is impossible to predict.
Trading hidden divergences is far easier.
  • #234,249
  • Mar 4, 2011 6:41am Mar 4, 2011 6:41am
nice to hear the "pros" coming back after a margin call --just never quit- it do happens--

E/J almsot done with a 10 monthly bearflag ---->96 is expecting sooner ,rather than later.

gj---- 10 monthly ranging period between 125 and 139-- 112 is coming sooner ,rather than later--

Chf/jpy --symmitrical triangle almost at the end of wave 2 --still much work to do,before we break it downwards

all the other jpy crosses--pretty much the same--still extremely bearish and wait for the 10 month range to break down -

usd/jpy continuation daily triangle almost end of wave 5 --- below 79 is HIGHLY likely and even more !!

ooops a/j bulls engulf -----> bears engulf
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  • #234,250
  • Mar 4, 2011 6:47am Mar 4, 2011 6:47am
Quoting ukdaytrader
No, the divergence simply gets stronger. The only time this divergence will be invalidated is when a)The MACD histogram becomes higher than the previous measured level OR b)When price comes back to the initial divergence level, (134.12). Bear in mind though that this level has already been hit since the initial divergence, so this may continue for some time before playing out again.

I have included a second chart which shows a Daily bearish divergence which played out. Rectangle area is the official play-out area.

Chart 1.
Attachment ...
Thank you very much UK for the detailed explanation.

Can we find the targets and exits with divergence ??
  • #234,251
  • Mar 4, 2011 6:56am Mar 4, 2011 6:56am
Only experienced trader can explained like this.

Quoting ukdaytrader
No, the divergence simply gets stronger. The only time this divergence will be invalidated is when a)The MACD histogram becomes higher than the previous measured level OR b)When price comes back to the initial divergence level, (134.12). Bear in mind though that this level has already been hit since the initial divergence, so this may continue for some time before playing out again.

I have included a second chart which shows a Daily bearish divergence which played out. Rectangle area is the official play-out area.

Chart 1.
Attachment ...
  • #234,252
  • Mar 4, 2011 6:56am Mar 4, 2011 6:56am
Quoting honeybhi
Thank you very much UK for the detailed explanation.

Can we find the targets and exits with divergence ??
Yes. The way I have done it before is to simply look at the price where the divergence will no longer be in play. On my previous Daily chart, the area in which the divergence is no longer divergence is when price falls back below the level recorded at the initial histo peak. (Blue rectangle).

The question you would ask is 'where does the price have to reach in order that there is no divergence'.
  • #234,253
  • Mar 4, 2011 7:05am Mar 4, 2011 7:05am
Quoting ukdaytrader
Yes. The way I have done it before is to simply look at the price where the divergence will no longer be in play. On my previous Daily chart, the area in which the divergence is no longer divergence is when price falls back below the level recorded at the initial histo peak. (Blue rectangle).

The question you would ask is 'where does the price have to reach in order that there is no divergence'.
You answered that in the previous post ,i.e, when the macd becomes higher than the previous measured level.

Cleared some doubts abt divergence.

Thank you once again bro for the time taken to explain..
  • #234,254
  • Mar 4, 2011 7:13am Mar 4, 2011 7:13am
Quoting honeybhi
You answered that in the previous post ,i.e, when the macd becomes higher than the previous measured level.

Cleared some doubts abt divergence.

Thank you once again bro for the time taken to explain..
OR when price comes lower than the previous measured level.
  • #234,255
  • Mar 4, 2011 8:06am Mar 4, 2011 8:06am
Quoting HairPies
nice to hear the "pros" coming back after a margin call --just never quit- it do happens--

E/J almsot done with a 10 monthly bearflag ---->96 is expecting sooner ,rather than later.

gj---- 10 monthly ranging period between 125 and 139-- 112 is coming sooner ,rather than later--

Chf/jpy --symmitrical triangle almost at the end of wave 2 --still much work to do,before we break it downwards

all the other jpy crosses--pretty much the same--still extremely bearish and wait for the 10 month range to break down -

usd/jpy continuation daily...

your english language still cant change no matter the amount of time u get Bann..u should take ur money from ur broker and go back to school how to talk in public.
MY OPINION NOT FINANCIAL ADVISE
  • #234,256
  • Mar 4, 2011 2:44pm Mar 4, 2011 2:44pm
I wonder if GJ peaked last week. One year ago this thread would have a weekend full of discussion about the past week. I hope that returns some day.
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  • #234,257
  • Mar 4, 2011 3:11pm Mar 4, 2011 3:11pm
Quoting plucker01
I wonder if GJ peaked last week. One year ago this thread would have a weekend full of discussion about the past week. I hope that returns some day.

Yeah.......well if you look at a lot of the Japanese crosses, they are all forming wicked wedges. The bear in me says, that this is still part of a bigger macro view of the economy where the smart money has been pumping all their money into the market to draw EVERYONE and everything bullish and then pull the plug at some point. Well, at the least, to take profit and drop the risk trade down 5%. This triangle wedge, the S&P starting to go for major resistance, the Gold/oil ratio still rising but at a decreasing rate, all of it points to a breaking point soon.

However, it could explode outward and upward as well, it's very tough to say. THe yields could start coming back en fuego.
  • #234,258
  • Mar 4, 2011 4:20pm Mar 4, 2011 4:20pm
Quoting lolygagv2
Yeah.......well if you look at a lot of the Japanese crosses, they are all forming wicked wedges. The bear in me says, that this is still part of a bigger macro view of the economy where the smart money has been pumping all their money into the market to draw EVERYONE and everything bullish and then pull the plug at some point. Well, at the least, to take profit and drop the risk trade down 5%. This triangle wedge, the S&P starting to go for major resistance, the Gold/oil ratio still rising but at a decreasing rate, all of it points to a breaking...
wicked wedges -lol -you telling me- atleast the only one from 50 members can spot the same as wht i see from months ago --

how everyone is calling bottoms is kinda mind blowing or play only tick charts--- or hmmm doesnt matter.

you say jpy crosses -- watch the NZD/JPY -weekly -- 2yr decsending wegde and he is the first who will start tumble and crash down --- i personally do see him close to ZERO lol -- im already short from back in nov and this is his last breath and its scuba time--

the prev posts was the other jpy crosses been posted --

you dont have to look really deep into these pairs to see how deep we will crash down--

gbp/jpy def wil we see 112 but spikes down to 100 is on the cards.

too many financial speculators and analysts are so completely wrong to say "bullish" on jpy's -time will tell ,but i do know these pairs is soon going to scuba dive and avoid all the "talks"

chf/jpy -- only pair that is extremely lagging- i reckon another yr before we will give up and really drop like atomic bombs through the levels


oh well maybe im wrong and FF QQ flip flops is right- but for now and from last yr and yr before im still stick to bearish until im proven wrong

so far the pips is rolling much better in from shorts as any long on any pair according to my trackrecords

charts is nzd/jpy and chf/jpy

the rest i see was posted 2 day
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  • #234,259
  • Mar 4, 2011 4:35pm Mar 4, 2011 4:35pm
Quoting lolygagv2
Yeah.......well if you look at a lot of the Japanese crosses, they are all forming wicked wedges. The bear in me says, that this is still part of a bigger macro view of the economy where the smart money has been pumping all their money into the market to draw EVERYONE and everything bullish and then pull the plug at some point. Well, at the least, to take profit and drop the risk trade down 5%. This triangle wedge, the S&P starting to go for major resistance, the Gold/oil ratio still rising but at a decreasing rate, all of it points to a breaking...
wicked wedges --you telling me- atleast one from 50 can also see whats going to happen

maybe we r wrong and the QQ flip flop team is right with all the worlds fx speculators and analyst behind them,as i can see they all talking about bottoms-

lol---- how on earth they saying that is mindblowing.

the prev jpy's was posted before,but you dont have to look really deep where we are actually going. check nzd/jpy "wicked wedge" and aswell chf/jpy

gbp/jpy --112 is your first stop then 100 is our second stop--

nzd/jpy -- my patient pills is almost empty- ive been holding shorts form nov ,and only up 200 pips from this -- (bladdy stupid) i know - but let he do his own thing-- but im only really adding alot wehnwe really break down-- below 60 the fun will start ----2000 pips will be the first stop
nice 2yr decsending wedge that is almost at the end -and so do all things getting to the end

chf/jpy---eish he is been lagging alot from the rest ? im on the bricnk to short this pair close at 90 level but dont think its worth it to hold it for a year inside this pattern--will think about it

overall the jpy crosses is on the edge the break massivly down or some of them--
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  • #234,260
  • Mar 4, 2011 5:28pm Mar 4, 2011 5:28pm
Quoting HairPies
nice to hear the "pros" coming back after a margin call --just never quit- it do happens--

E/J almsot done with a 10 monthly bearflag ---->96 is expecting sooner ,rather than later.

gj---- 10 monthly ranging period between 125 and 139-- 112 is coming sooner ,rather than later--

Chf/jpy --symmitrical triangle almost at the end of wave 2 --still much work to do,before we break it downwards

all the other jpy crosses--pretty much the same--still extremely bearish and wait for the 10 month range to break down -

usd/jpy continuation...
Why not open your own thread?
Take few of your followers with ya. You have better chance of getting them as your clients than here.
Why keep coming back to the dead thread?
Slow business for you here no?
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