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

  • #241
  • Apr 16, 2011 7:50am Apr 16, 2011 7:50am
Sorry to all, and blame Smikester for the following flooding of the thread. I just got carried away this weekend after Smikester’s question earlier in the week on Stocky’s thread, and thought I would reproduce elsewhere, as well. The following submissions are based on the expectation that Cable will break north of the 1.64 zone, and are preparatory observations for mid to long term entries.

Post broken into two owing to attachment constraints of FF.
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  • #242
  • Apr 16, 2011 7:51am Apr 16, 2011 7:51am
Three charts with slightly different projections.
Attached Image(s) (click to enlarge)
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  • #243
  • Apr 16, 2011 8:03am Apr 16, 2011 8:03am
Quoting grashid
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

Noted (I think). Have been trading this pair for some three years exclusively and am well experienced in its rapid moves, not always in my favour. There have been times when I may have used inappropriate language at this pair, but have never been so creative as to view it as some sort of sexual object. Maybe my time will come!

At this time, and as outlined in a previous chart, am awaiting retrace to the same areas you mentioned (137/138 area), but on the next drop down would be surprised to see it break below the 133 area. The trendline passing through there held us down for a very long time, and I am viewing this as a chance to "test" that trendline. Essentially I'm looking to buy around that area.
  • #244
  • Apr 16, 2011 8:14am Apr 16, 2011 8:14am
Quoting harigp
This is my H1 View/ Questions
Hi harigp. If that was a H&S formation, the right shoulder has still to form. However, a H&S as you show there would be bearish ... but, it is not valid because it is located at the end of a DOWNTREND. For it to be forming a valid H&S, price would have needed to have risen from below. In the case shown, an inverted H&S would be needed to take price up and I cannot see one.

Cheers
  • #245
  • Apr 16, 2011 8:51am Apr 16, 2011 8:51am
Quoting Mpt
Hi harigp. If that was a H&S formation, the right shoulder has still to form. However, a H&S as you show there would be bearish ... but, it is not valid because it is located at the end of a DOWNTREND. For it to be forming a valid H&S, price would have needed to have risen from below. In the case shown, an inverted H&S would be needed to take price up and I cannot see one.

Cheers

Yes H& Z can be seen both on up trend or down trend if you want to go for short trade . let me present you the EU chart H 1 and what I am seeing in EU next week and the formation when we had the bullish move. just noted one in H1 and marked
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 22 KB
  • #246
  • Apr 16, 2011 8:52am Apr 16, 2011 8:52am
Quoting grashid
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
mpt's view is pretty much the same as yours g, the way i read his post.
i think we are all aware of the potential dive down to 133 zone at this time.

one needs to ask themselves if we are to open fresh short, is it a good idea to short right here at 135 where major support sits at? i know i wouldn't. i think it would be a good idea to wait for the retest of 135 if the bottom gives next week. if bounces from where we are, wait to see any sign of reject at 138 area 137 zone again.

regarding 135 close above or below, sup and res are zones, not an exact price level if i understand it correct. bounce or break is entirely up to the market, imo. only thing we can do is to be prepare how to react to that.
  • #247
  • Apr 16, 2011 8:54am Apr 16, 2011 8:54am
Quoting harigp
Yes H& Z can be seen both on up trend or down trend if you want to go for short trade . let me present you the EU chart H 1 and what I am seeing in EU next week and the formation when we had the bullish move. just noted one in H1 and marked
The chart was not fully drawn now see
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 24 KB
  • #248
  • Edited 9:16am Apr 16, 2011 9:05am | Edited 9:16am
Quoting pkimnyc
mpt's view is pretty much the same as yours g, the way i read his post.
i think we are all aware of the potential dive down to 133 zone at this time.

one needs to ask themselves if we are to open fresh short, is it a good idea to short right here at 135 where major support sits at? i know i wouldn't. i think it would be a good idea to wait for the retest of 135 if the bottom gives next week. if bounces from where we are, wait to see any sign of reject at 138 area 137 zone again.

[b]regarding 135 close above or below, sup and res are zones,...
..
  • #249
  • Apr 16, 2011 9:08am Apr 16, 2011 9:08am
Quoting 45Condor
Sorry to all, and blame Smikester for the following flooding of the thread. I just got carried away this weekend after Smikester’s question earlier in the week on Stocky’s thread, and thought I would reproduce elsewhere, as well. The following submissions are based on the expectation that Cable will break north of the 1.64 zone, and are preparatory observations for mid to long term entries.

Post broken into two owing to attachment constraints of FF.
as my humble view ...its still ranging between 1.63750-1.62180. Any Daily break and close below or above that level will determine a clear direction...but the way i saw 1.61 soon to be tested till end month....

however if within this month it able to break and close below 1.60110 then 1.5750-1.5350 is the way is saw...but too early to say atm...i rather wait till end month close before touch this pair...
  • #250
  • Apr 16, 2011 9:12am Apr 16, 2011 9:12am
Quoting 45Condor
Sorry to all, and blame Smikester for the following flooding of the thread.
no worries condor. keep em coming.
  • #251
  • Edited 10:06am Apr 16, 2011 9:53am | Edited 10:06am
gj still uptrend as long 130 area hold.will buy for long term at this area.demand area at 135 133 and 130.enjoy this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: gj311.png Size: 45 KB
Gold Expedition Return This Year: -15.9%
  • #252
  • Apr 16, 2011 9:53am Apr 16, 2011 9:53am
We will see 133 if GJ break 135.20 and next support will be at 133.80.



Quoting pkimnyc
mpt's view is pretty much the same as yours g, the way i read his post.
i think we are all aware of the potential dive down to 133 zone at this time.

one needs to ask themselves if we are to open fresh short, is it a good idea to short right here at 135 where major support sits at? i know i wouldn't. i think it would be a good idea to wait for the retest of 135 if the bottom gives next week. if bounces from where we are, wait to see any sign of reject at 138 area 137 zone again.

regarding 135 close above or below, sup and res are zones, not...
  • #253
  • Apr 16, 2011 9:56am Apr 16, 2011 9:56am
Gentlemen, include me in that expectation of drop to the 133 level. Attached the chart I am working from after my forum submission on the 14th.

And no, did not close after yesterday's comments, but moved the SL to +10.

Quoting pkimnyc
mpt's view is pretty much the same as yours g, the way i read his post.
i think we are all aware of the potential dive down to 133 zone at this time.

one needs to ask themselves if we are to open fresh short, is it a good idea to short right here at 135 where major support sits at? i know i wouldn't. i think it would be a good idea to wait for the retest of 135 if the bottom gives next week. if bounces from where we are, wait to see any sign of reject at 138 area 137 zone again.

regarding 135 close above or below, sup and res are zones,...
Attached Image (click to enlarge)
Click to Enlarge Name: gy.gif Size: 28 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #254
  • Apr 16, 2011 9:58am Apr 16, 2011 9:58am
Yep, my range is defined by the FE levels.

Quoting grashid
as my humble view ...its still ranging between 1.63750-1.62180. Any Daily break and close below or above that level will determine a clear direction...but the way i saw 1.61 soon to be tested till end month....

however if within this month it able to break and close below 1.60110 then 1.5750-1.5350 is the way is saw...but too early to say atm...i rather wait till end month close before touch this pair...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 52 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #255
  • Apr 16, 2011 10:00am Apr 16, 2011 10:00am
Quoting grashid
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
nice G,MPT AND DON.similar setup.137 area for short to 130 max.
Gold Expedition Return This Year: -15.9%
  • #256
  • Apr 16, 2011 10:04am Apr 16, 2011 10:04am
Quoting budak baru
nice G,MPT AND DON.similar setup.137 area for short to 130 max.

If GJ break 135.20...
  • #257
  • Apr 16, 2011 10:08am Apr 16, 2011 10:08am
Quoting PandoraBox
If GJ break 135.20...
agree Pandora.135 133 130 is three level of demand.step by step.Engulfing also at weekly.
Gold Expedition Return This Year: -15.9%
  • #258
  • Apr 16, 2011 10:09am Apr 16, 2011 10:09am
If you understand more her needs and behaviour....you will know when she will open and close her $#^&*@#@





Quoting grashid
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
  • #259
  • Apr 16, 2011 10:10am Apr 16, 2011 10:10am
Quoting PandoraBox
We will see 133 if GJ break 135.20 and next support will be at 133.80.

I am charged up for next week how many more hours left guys
  • #260
  • Apr 16, 2011 10:23am Apr 16, 2011 10:23am
Quoting PandoraBox
If GJ break 135.20...
agreed pb, the key to the down side is in 135 area.
4hr chart bullish divergence boiling so far. 1hr bullish momentum fading away.
i'd be very surprised if 135 gets taken out without one more trip to north.
however, in the event of 135 gives, we know what to do.

regardless short or longs, anyway i look at it, the down move from 140 to now looks to me is a correction.
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