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

  • #121
  • Apr 13, 2011 4:18pm Apr 13, 2011 4:18pm
Quoting pkimnyc
spit it out james... what's on your mind? lol
just watching the charts mate but kept this page open will join you guys soon enough but with regard to gj its clear we are in retrace mode with targets further below watching uj gu daily close candles that are clearly driving this retrace uj today retraced .61.8 of yesterdays bear candle and closing with a pin (maybe i have to wait another hr ) gu at support and cant close below yet ( also seeing cable in range mode for the near future ) but if i were to have a punt 132 is the lowest gj will go and that will be a spike pin with gu ranging and uj retracing 38.2 of its move up i could be totally wrong off course but thats my thinking also there were a few bs news readings out put it this way my basket wasnt any cheaper ( and before you ask im not a big friut muncher ) also with interest rates put on hold a bit longer might have something to do with this move but in simple its a trap me thinks
http://www.statistics.gov.uk/cci/nugget.asp?id=19


ps - would like to thank mpt for his wave count answer the other day

pps - watching the 15min chart gj and seeing it as a descending wedge with a clear price break of 136 will pay a few more pips to the downside also from yesterdays triangle price played right off it all day heres yesterdays chart with the old lines
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  • #122
  • Apr 13, 2011 5:47pm Apr 13, 2011 5:47pm
Quoting donfriday
yes i saw the divergence on 4hrs...I am shorting again below that 1hr hammer that is my trigger bar when fractal form there .
off to bed see you tomorrow
don, by the looks of it, based on daily and weekly, cluster zone looks like 4500 - 4250. will post a chart later. 250 pips range.
  • #123
  • Apr 13, 2011 5:48pm Apr 13, 2011 5:48pm
Quoting cohiba pips
just watching the charts mate but kept this page open will join you guys soon enough but with regard to gj its clear we are in retrace mode with targets further below watching uj gu daily close candles that are clearly driving this retrace uj today retraced .61.8 of yesterdays bear candle and closing with a pin (maybe i have to wait another hr ) gu at support and cant close below yet ( also seeing cable in range mode for the near future ) but if i were to have a punt 132 is the lowest gj will go and that will be a spike pin with gu ranging and uj...
looking good bro. your chart looks very different than in the past.
  • #124
  • Apr 13, 2011 8:20pm Apr 13, 2011 8:20pm
heart attack?...wow....first time I saw chart like this

Quoting pkimnyc
one of the failed trades example:

nice entry signal in 5 min chart off the support.

should have known it was close to ny close. (low volume time)
i don't know what got in my mind setting the target in 4500.

trade takes off (looking good), met resistance that i had not paid attention to. price gets reject then slides (heart attack moment). comes back down to the low then bounces (relieved and greed takes over). when price reached upper resistance for the second time should have exited. instead, choose to leave it. another slide (another heart...
  • #125
  • Apr 13, 2011 8:29pm Apr 13, 2011 8:29pm
135.50 turn to support. If break...yes we going down further till 133.80....if not ...GJ will bounce to 140 ~ 146.
  • #126
  • Apr 13, 2011 8:48pm Apr 13, 2011 8:48pm
Quoting PandoraBox
135.50 turn to support. If break...yes we going down further till 133.80....if not ...GJ will bounce to 140 ~ 146.
get ready for 135 break....
MY OPINION NOT FINANCIAL ADVISE
  • #127
  • Apr 13, 2011 8:52pm Apr 13, 2011 8:52pm
Then will get ready to buy on the dip

Quoting donfriday
get ready for 135 break....
  • #128
  • Apr 13, 2011 8:56pm Apr 13, 2011 8:56pm
Bro, not that easy from my chart.... GJ took 9 month to break 135 since Aug 2010 and now 135 become support.

Quoting donfriday
get ready for 135 break....
  • #129
  • Apr 13, 2011 9:10pm Apr 13, 2011 9:10pm
Quoting PandoraBox
Bro, not that easy from my chart.... GJ took 9 month to break 135 since Aug 2010 and now 135 become support.
nothing is easy in life...at end you still make it..patience ..i have 4 shorts 3 in profit 1 in small lose
MY OPINION NOT FINANCIAL ADVISE
  • #130
  • Apr 13, 2011 9:11pm Apr 13, 2011 9:11pm
Daily chart 'looks' like she's not done, being short.
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  • #131
  • Edited 9:35pm Apr 13, 2011 9:24pm | Edited 9:35pm
Am expecting a bounce at 135.25 to go up for subwave 4. 135.25 is the 61.8 retracement of the upmove from 132.5, the bottom of yesterday's diagonal triangle trendline and also the 4hr 100 ema. If so, that would also be the bottom of wave 3. I expect the final wave 5 to terminate at around 134.2, being the 76 level and 4 hr 200ema.

Then up for wave b in a three wave structure.
  • #132
  • Apr 13, 2011 9:30pm Apr 13, 2011 9:30pm
geppy was being sold off during asia. it is unlikely will break the support now.
any major sup and res usually tend to break or bounce heavily during high volume time (london, ny). if price continues to drift down towards london then should expect a bounce at london open. if we drift up then another sell off at london, big boys would not sell at low, imo.
  • #133
  • Apr 13, 2011 9:44pm Apr 13, 2011 9:44pm
I'm done not listening to you. Close shorts and taking your more seasoned advice.
Quoting pkimnyc
geppy was being sold off during asia. it is unlikely will break the support now.
any major sup and res usually tend to break or bounce heavily during high volume time (london, ny). if price continues to drift down towards london then should expect a bounce at london open. if we drift up then another sell off at london, big boys would not sell at low, imo.
  • #134
  • Apr 13, 2011 9:51pm Apr 13, 2011 9:51pm
If GJ want to break this level....she need to test it few times....might take month....

Just take a look at your 4hr TF (Time Frame) ...do you see something?

Quoting donfriday
nothing is easy in life...at end you still make it..patience ..i have 4 shorts 3 in profit 1 in small lose
  • #135
  • Apr 13, 2011 9:53pm Apr 13, 2011 9:53pm
4hr
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  • #136
  • Apr 13, 2011 9:58pm Apr 13, 2011 9:58pm
Quoting SannaCBranno
I'm done not listening to you. Close shorts and taking your more seasoned advice.
didn't mean an advise... just an opinion...
no seasoned either... when dealing with geppy, everyone is noob.
  • #137
  • Apr 13, 2011 10:00pm Apr 13, 2011 10:00pm
Quoting PandoraBox
If GJ want to break this level....she need to test it few times....might take month....

Just take a look at your 4hr TF (Time Frame) ...do you see something?

God knows ...friday china GDP...i am off to bed mid night here see you in london..
MY OPINION NOT FINANCIAL ADVISE
  • #138
  • Apr 13, 2011 10:18pm Apr 13, 2011 10:18pm
Well, worldly situations are kind of unpreceedented. Trigger fingers dropping on a dime, national saving nations. Never can tell, second to second........that's why you have to look @ multiple timeframes.
Quoting pkimnyc
didn't mean an advise... just an opinion...
no seasoned either... when dealing with geppy, everyone is noob.
  • #139
  • Apr 14, 2011 12:02am Apr 14, 2011 12:02am
Bro, take a look your GU 4hr + UJ 4hr = Both allign with GJ 4hr

Need to get some rest....before London open.

Quoting donfriday
God knows ...friday china GDP...i am off to bed mid night here see you in london..
  • #140
  • Edited 12:38am Apr 14, 2011 12:22am | Edited 12:38am
Hopefully next wave down should see us at the bottom of the channel (and at the 61.8 point).
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