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

  • #221
  • Apr 15, 2011 7:48am Apr 15, 2011 7:48am
Quoting donfriday
nobody does, i was 1000pips this week on all my entries 600 pull back now left with 400...i dont close until sl @ be or friday closing.
nice job don.
  • #222
  • Apr 15, 2011 9:31am Apr 15, 2011 9:31am
LFX JPY, just my thought.

Monthly and weekly below.

Monthly hit the UTL and bounced.

Looking at the weekly we have broken the major S/R,so can we expect now a retrace to it ??,which also coincides with 38.2 fib .Daily looks like its retracing and no stopping it till 38.2.

If it does ,then yens should go lower and then bounce .lets see how it plays.
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  • #223
  • Edited 10:08am Apr 15, 2011 9:41am | Edited 10:08am
GJ may look like it's just ranging, but it's been hard at work. In my opinion, we've had 5 waves to the downside, which I'll call wave (A) completed close to where I expected at 135.28 and it's now in wave (B) to the topside. Subwave A and C of (B) should be roughly similar in length, so I'm guestimating top around 137.5 ~ 138.

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  • #224
  • Apr 15, 2011 9:57am Apr 15, 2011 9:57am
Quoting Mpt
GJ may look like it's just ranging, but it's been hard at work. In my opinion, we've had 5 waves to the downside, which I'll call wave (A) completed close to where I expected at 135.28 and it's now in wave (B) to the topside. Subwave A and C of (B) should be roughly similar in length, so I'm guestimating top around 137.5 ~ 138. My wave (B) abc subwave count is invalid if price drops below 135.6


Attachment
very nice count Mpt.
  • #225
  • Apr 15, 2011 10:32am Apr 15, 2011 10:32am
rejection off the 135.50 support. need volume to go up, but london closes in 1hr.
  • #226
  • Apr 15, 2011 10:35am Apr 15, 2011 10:35am
Off to bed. Its 1-30 am here.
  • #227
  • Apr 15, 2011 10:39am Apr 15, 2011 10:39am
Quoting Mpt
Off to bed. Its 1-30 am here.
have a good weekend.
  • #228
  • Apr 15, 2011 10:52am Apr 15, 2011 10:52am
Quoting pkimnyc
have a good weekend.
pk, did you get your pips off this range? I saw it hit 137 last night!
  • #229
  • Apr 15, 2011 11:00am Apr 15, 2011 11:00am
Quoting lolygagv2
pk, did you get your pips off this range? I saw it hit 137 last night!
yesterday during ny to 137, yes. london trade last night, no. i let it ran. got greedy. got stopped out this morning. shorted euro. made up the loss.
  • #230
  • Apr 15, 2011 12:38pm Apr 15, 2011 12:38pm
Quoting pkimnyc
very nice count Mpt.

my knowledge in EW from Bill williams method i trade is wave 3-4 range and this thing look like 3-4 on 1hr chat so i will be expecting more down until we break 137..Good night. i can be wrong ..
MY OPINION NOT FINANCIAL ADVISE
  • #231
  • Edited 7:22pm Apr 15, 2011 5:57pm | Edited 7:22pm
Quoting donfriday
my knowledge in EW from Bill williams method i trade is wave 3-4 range and this thing look like 3-4 on 1hr chat so i will be expecting more down until we break 137..Good night. i can be wrong ..
you could be right don. typical wave 4 range is about 38% - 50% fib (max).
in daily bases, w4 range can extend down to 133.20. but 135 is a strong support zone as pb has mentioned. the entire ny session was trying to break below, and looks like it's failed. in order to break below 135, price should take a trip back to north one more time at least, imo. at the end of ny session, rejection candle in 1 hr chart off the support. 1hr momentum fading to down side. cb intervention may come into play if we go down more. just a thought, but as always we trade what we see and i really suck at trading range.
  • #232
  • Apr 16, 2011 1:12am Apr 16, 2011 1:12am
Quoting pkimnyc
you could be right don. typical wave 4 range is about 38% - 50% fib (max).
in daily bases, w4 range can extend down to 133.20. but 135 is a strong support zone as pb has mentioned. the entire ny session was trying to break below, and looks like it's failed. in order to break below 135, price should take a trip back to north one more time at least, imo. at the end of ny session, rejection candle in 1 hr chart off the support. 1hr momentum fading to down side. cb intervention may come into play if we go down more. just a thought, but as always we...

nice weekly closing price just below it support next week Kaboom
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MY OPINION NOT FINANCIAL ADVISE
  • #233
  • Apr 16, 2011 2:40am Apr 16, 2011 2:40am
Subwave b of (B) completed at the bottom of wave 5 as expected. Now awaiting the retrace for wave c of (B). Grey area on chart shows all possible areas for retrace, although I prefer the 50% fib level, coinciding with the 1 hr 200sma. After that, technically, we should then head down in a five subwave patern for wave (C). I would expect a logical target to be the top of the trendline that contained GJ for so long. Somewhere around 133.3, also coinciding with the daily 200ema. But that's for another day and, as per usual, I could be totally wrong.


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  • #234
  • Apr 16, 2011 5:53am Apr 16, 2011 5:53am
Quoting pkimnyc
Welcome bro. My late congrats for the new baby.
thanks bro..will try to post later..
not yet bro..20th is the due..i am still ...mm

perhaps will get some setting before he will come out ...

take care...

g
  • #235
  • Apr 16, 2011 6:05am Apr 16, 2011 6:05am
for next week...H4=Daily=weekly= ~ 200-300pips more down before decided my buy dip setting....why?

1. Weekly close below 135.50
2. Weekly double top

simple.............nah same chart as i am posted last 2 week in my blog as well as in auslonko....

Good luck and enjoy your weekend guys...

g
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  • #236
  • Apr 16, 2011 6:15am Apr 16, 2011 6:15am
Quoting grashid
for next week...H4=Daily=weekly= ~ 200-300pips more down before decided my buy dip setting....why?

1. Weekly close below 135.50
2. Weekly double top

simple.............nah same chart as i am posted last 2 week in my blog as well as in auslonko....

Good luck and enjoy your weekend guys...

g
I am seeing similar
MY OPINION NOT FINANCIAL ADVISE
  • #237
  • Apr 16, 2011 6:42am Apr 16, 2011 6:42am
Quoting grashid
for next week...H4=Daily=weekly= ~ 200-300pips more down before decided my buy dip setting....why?

1. Weekly close below 135.50
2. Weekly double top

simple.............nah same chart as i am posted last 2 week in my blog as well as in auslonko....

Good luck and enjoy your weekend guys...

g

Ah, it appears your broker closes early. Gj closed the week at 135.7
  • #238
  • Edited 7:29am Apr 16, 2011 7:13am | Edited 7:29am
Quoting Mpt
Ah, it appears your broker closes early. Gj closed the week at 135.7
what ever its...n yes if u r using EST, its closes at ~135.694

I am watching 136.80/90-137.70/80 from market open till Monday close...then i will decide mine later...n dun get suprice if it will jump into deep water from that area...cheers

p/s: if u r really understand how this horny MARIA behave, open or close skirt wont give u much hint
figure out when she will become wild and when she will become cool ? then u may figure out something from there
  • #239
  • Apr 16, 2011 7:22am Apr 16, 2011 7:22am
This is my H1 View/ Questions
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  • #240
  • Apr 16, 2011 7:33am Apr 16, 2011 7:33am
Quoting harigp
This is my H1 View/ Questions
carefull with your trade with all crosses next week..that all i can advice...

enjoy ur weekend mate
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