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GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

  • #41
  • Apr 12, 2011 2:30pm Apr 12, 2011 2:30pm
...a little busy the past month or so, but am trying to pop into FF when feeling inclined.

Trading doing okay, hope the same for everyone else.


Quoting pkimnyc
greetings condor.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #42
  • Apr 12, 2011 5:36pm Apr 12, 2011 5:36pm
this is the typical entry set up that i use. 1hr chart count as road map. entry signal on 15 min chart. sl at 1 pip below the thrust bar (in this case was about 20 pips sl).
only thing that concerns me is ... the volume at this hour (sidney open) typically considered low volume. if it gets to upper tl then i'll be happy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro_04_12_11_2.gif Size: 30 KB
Click to Enlarge Name: euro_04_12_11_1.gif Size: 34 KB
  • #43
  • Apr 12, 2011 5:43pm Apr 12, 2011 5:43pm
Quoting pkimnyc
this is the typical entry set up that i use. 1hr chart count as road map. entry signal on 15 min chart. sl at 1 pip below the thrust bar (in this case was about 20 pips sl).
only thing that concerns me is ... the volume at this hour (sidney open) typically considered low volume. if it gets to upper tl then i'll be happy.
typically when trading at home. the boss (wife) goes nuts. in this case, take 50% off the table since the upper tl is reached. still gives you 80/2 = 40 pips in profit. 1:2 r:r. move sl at be. make boss happy. still think lots of room to north, looking at 1hr stoch. 137.30 area should be the ideal target.
Attached Image (click to enlarge)
Click to Enlarge Name: euro_04_12_11_3.gif Size: 30 KB
  • #44
  • Apr 12, 2011 5:47pm Apr 12, 2011 5:47pm
@45Condor

whats the bane if the indi you are using? looks pretty artsy
  • #45
  • Apr 12, 2011 5:54pm Apr 12, 2011 5:54pm
Thanks for setting up this forum. The new rules are most welcome.

FYI, a down facing (bullish reversal) wedge can now be seen on the 1hr GJ chart
  • #46
  • Apr 12, 2011 5:58pm Apr 12, 2011 5:58pm
Quoting Mpt
Thanks for setting up this forum. The new rules are most welcome.

FYI, a down facing (bullish reversal) wedge can now be seen on the 1hr GJ chart
welcome mpt. looking at the same thing. we can go further down more. hopefully at london open, we might see a true reversal.
  • #47
  • Apr 12, 2011 6:23pm Apr 12, 2011 6:23pm
GJ

Technically we have see approx 450 pips drop from GJ after 1000 pips spike upward. 135.70 major support and monthly candle still above monthly gann and weekly candle still above 50 EMA weekly. Bull still control the movement.
  • #48
  • Apr 12, 2011 6:28pm Apr 12, 2011 6:28pm
Quoting pkimnyc
typically when trading at home. the boss (wife) goes nuts. in this case, take 50% off the table since the upper tl is reached. still gives you 80/2 = 40 pips in profit. 1:2 r:r. move sl at be. make boss happy. still think lots of room to north, looking at 1hr stoch. 137.30 area should be the ideal target.
now, 4hr bar just closed and made a bullish engulfing. doesn't necessarily mean price wont go down. what bothers me about seeing a reversal bar at this time is the volume (low volume time).

the example posted about the entry will be one time only. from going forth, i will only be focusing on TA.
  • #49
  • Apr 12, 2011 6:29pm Apr 12, 2011 6:29pm
Quoting PandoraBox
GJ

Technically we have see approx 450 pips drop from GJ after 1000 pips spike upward. 135.70 major support and monthly candle still above monthly gann and weekly candle still above 50 EMA weekly. Bull still control the movement.
good to see you pb.
  • #50
  • Apr 12, 2011 6:33pm Apr 12, 2011 6:33pm
Welcome bro

Quoting pkimnyc
good to see you pb.
  • #51
  • Edited 7:36pm Apr 12, 2011 7:09pm | Edited 7:36pm
we got a momentum shift. looking forward to see a bullish divergence at london. pink line is lower TL of the wedge (ending diagonal).
if pattern matures as a wedge then initial target should be ar'd 137.50 area (beginning of the pattern).
Attached Image (click to enlarge)
Click to Enlarge Name: euro_04_12_11_4.gif Size: 29 KB
  • #52
  • Apr 12, 2011 7:53pm Apr 12, 2011 7:53pm
Quoting PandoraBox
Welcome bro
bro, take a look at this uj monthly.
Attached Image (click to enlarge)
Click to Enlarge Name: uj_04_12_11.gif Size: 24 KB
  • #53
  • Apr 12, 2011 8:07pm Apr 12, 2011 8:07pm
We have another 17 days before Monthly gann flip. If we take a look at H4 TF, we might see reversal pattern.

p/s: You bloody greedy b%&@##. . How many pair you trade?

Quoting pkimnyc
bro, take a look at this uj monthly.
  • #54
  • Apr 12, 2011 8:09pm Apr 12, 2011 8:09pm
Quoting PandoraBox
We have another 17 days before Monthly gann flip. If we take a look at H4 TF, we might see reversal pattern.

p/s: You bloody greedy b%&@##. . How many pair you trade?
always diversify. lol
  • #55
  • Apr 12, 2011 8:24pm Apr 12, 2011 8:24pm
Agree, bro based on your chart, it show bullish formation or bullish wedge. When the pattern complete, we might see bullish breakout.


Quoting pkimnyc
we got a momentum shift. looking forward to see a bullish divergence at london. pink line is lower TL of the wedge (ending diagonal).
if pattern matures as a wedge then initial target should be ar'd 137.50 area (beginning of the pattern).
Attached Image
  • #56
  • Apr 12, 2011 8:29pm Apr 12, 2011 8:29pm
Quoting PandoraBox
Agree, bro based on your chart, it show bullish formation or bullish wedge. When the pattern complete, we might see bullish breakout.
Ok, no longer multi-tasking and trading, just opened 20 lots on a 10k account....FML.....most stressful 5 minutes ever, good thing it's in consolidation/STRange mode....I meant .2 lots for tomorrow...not 20
  • #57
  • Apr 12, 2011 8:30pm Apr 12, 2011 8:30pm
Great TA here guys.

There is nothing I can contribute that has not already been posted in a chart over the last day. NICE!

I will just state that after those whopping bullish bars on JPY pairs that month, I am looking for long term buys on JPY pairs (Mainly U/J and G/J). We are getting the retrace right now that I have been looking for.
Dr. C
  • #58
  • Apr 12, 2011 8:35pm Apr 12, 2011 8:35pm
Quoting lolygagv2
Ok, no longer multi-tasking and trading, just opened 20 lots on a 10k account....FML.....most stressful 5 minutes ever, good thing it's in consolidation/STRange mode....I meant .2 lots for tomorrow...not 20
  • #59
  • Apr 12, 2011 8:35pm Apr 12, 2011 8:35pm
Quoting cvcamper
Great TA here guys.

There is nothing I can contribute that has not already been posted in a chart over the last day. NICE!

I will just state that after those whopping bullish bars on JPY pairs that month, I am looking for long term buys on JPY pairs (Mainly U/J and G/J). We are getting the retrace right now that I have been looking for.
welcome to the thread cv.
  • #60
  • Apr 12, 2011 10:25pm Apr 12, 2011 10:25pm
Quoting PandoraBox
Agree, bro based on your chart, it show bullish formation or bullish wedge. When the pattern complete, we might see bullish breakout.
not looking too optimistic on the bullish break out at london.
upper tl of the wedge is already violated. if we were to see a reversal north then price should be going down, imo. i'm questioning why we are climbing in slow pace during low volume time... smells like another sell off coming. in any case, leaving rest of the position protected. let's see what happens.
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