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

  • #341
  • Apr 18, 2011 9:47am Apr 18, 2011 9:47am
bingo!!!!!!!!!!!!!!!!!!!! God100 pips
  • #342
  • Apr 18, 2011 9:49am Apr 18, 2011 9:49am
as my humble advice...if daily=weekly...dun ever try to touch her...let em go untill finish ya...good luck

p/s: tomorrow asian should be good to try for small long setting then stay or out after london open give some reaction.......c ya

g
  • #343
  • Apr 18, 2011 9:56am Apr 18, 2011 9:56am
NICE DIVE EU THOSE SPINNING TOP FINALLY PLAY OUT PROFIT TAKING. NOT SURPRISE WITH GJ IT WAS CLEAR FROM MOVE BUT ONLY PATIENCE..
MY OPINION NOT FINANCIAL ADVISE
  • #344
  • Apr 18, 2011 10:05am Apr 18, 2011 10:05am
Quoting honeybhi
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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  • #345
  • Apr 18, 2011 10:15am Apr 18, 2011 10:15am
PK?...............................wake up! :-)
  • #346
  • Apr 18, 2011 10:26am Apr 18, 2011 10:26am
Quoting B737Pilot
PK?...............................wake up! :-)
lol. got stuck in the business meeting... saw the whole thing. what the heck happened?
  • #347
  • Apr 18, 2011 10:33am Apr 18, 2011 10:33am
Quoting grashid
as my humble advice...if daily=weekly...dun ever try to touch her...let em go untill finish ya...good luck

p/s: tomorrow asian should be good to try for small long setting then stay or out after london open give some reaction.......c ya

g
is it now master g? or im to0 fukin early?
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Verily, in every difficulties there is relief
  • #348
  • Apr 18, 2011 10:36am Apr 18, 2011 10:36am
Quoting B737Pilot
GJ H1..decreasing vol on the up move shows nobody is interested in higher prices at this point...and at this important time NY/UK overlap session..
i see it now. thanks pilot for the explanation.
does that work the same way in down move as well?
(decreasing volume during high volume time..)
  • #349
  • Apr 18, 2011 10:38am Apr 18, 2011 10:38am
Bro...GJ playing at support and resistance. When It droped too fast...and as usual it bounce back.

Quoting pkimnyc
lol. got stuck in the business meeting... saw the whole thing. what the heck happened?
  • #350
  • Edited 11:03am Apr 18, 2011 10:45am | Edited 11:03am
Quoting PandoraBox
Bro...GJ playing at support and resistance. When It droped too fast...and as usual it bounce back.
will let the session go pb. thanks. i have no set up.
i know daily is at 38 fib. might have to wait one more day. no reversal candle yet.
  • #351
  • Apr 18, 2011 10:55am Apr 18, 2011 10:55am
GJ daily
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  • #352
  • Apr 18, 2011 11:13am Apr 18, 2011 11:13am
Hey..here you are,
we broke up the H4 channel..this is huge..

we shouldnt be thinking about any long at this point..
market needs to cool off..GJ 276 range..EJ 336
but everybody trades differently and see different things so..I'm OK with that.
again this is my view..I respect anybody decision..Forex is freedom (about your own decisions).first..
I will explain more about vol a little later...
TLs/VSA/Dow/DXY is all I need for my analysis.
No MACD..Stockastics..RSIs or other ..they pissed me off too many times ..with their overbought /oversold territory...blank charts with vol are the best.
Quoting pkimnyc
i see it now. thanks pilot for the explanation.
does that work the same way in down move as well?
(decreasing volume during high volume time..)
  • #353
  • Apr 18, 2011 11:23am Apr 18, 2011 11:23am
Quoting B737Pilot
Hey..here you are,
we broke up the H4 channel..this is huge..

we shouldnt be thinking about any long at this point..
market needs to cool off..GJ 276 range..EJ 336
but everybody trades differently and see different things so..I'm OK with that.
again this is my view..I respect anybody decision..Forex is freedom (about your own decisions).first..
I will explain more about vol a little later...
TLs/VSA/Dow/DXY is all I need for my analysis.
No MACD..Stockastics..RSIs or other ..they pissed me off too many times ..with their overbought...
agree on that. i had under estimated momentum to the down side this time.
thinking the same. down move today was very strong. also thinking it will need to cool down before even thinking of reversal. look forward to read more on volume from you.
  • #354
  • Apr 18, 2011 11:25am Apr 18, 2011 11:25am
(RTTNews) - Stocks are holding near their lows of the day in late morning trading on Wall Street. Standard & Poor's lowered its outlook on U.S. debt from stable to negative, sparking a sharp sell off in the first hour of trading.
works kind of like this.......US stocks (Dow) down..dollar is up..EURUSD goes down..risk is off (crosses GJ & EJ) plunge....
and you add a little VSA to detect smart money...

Quoting pkimnyc
lol. got stuck in the business meeting... saw the whole thing. what the heck happened?
  • #355
  • Apr 18, 2011 11:28am Apr 18, 2011 11:28am
vol works best on H1..hard to read on H4...and less reliable on smaller TFs
  • #356
  • Apr 18, 2011 11:29am Apr 18, 2011 11:29am
Quoting B737Pilot
vol works best on H1..hard to read on H4...and lest reliable on smaller TFs
I never look at volumes , pilot.
  • #357
  • Apr 18, 2011 11:29am Apr 18, 2011 11:29am
Quoting B737Pilot
(RTTNews) - Stocks are holding near their lows of the day in late morning trading on Wall Street. Standard & Poor's lowered its outlook on U.S. debt from stable to negative, sparking a sharp sell off in the first hour of trading.
works kind of like this.......US stocks (Dow) down..dollar is up..EURUSD goes down..risk is off (crosses GJ & EJ) plunge....
and you add a little VSA to detect smart money...
thanks pilot.
  • #358
  • Apr 18, 2011 11:31am Apr 18, 2011 11:31am
i love it when all fall into place like this morning...I spotted it very early...was just cautious for a few more test bars...GJ dropped 80 pips in 2 sec :_)...crazy beast lol
  • #359
  • Apr 18, 2011 11:32am Apr 18, 2011 11:32am
Quoting puma1
I never look at volumes , pilot.
volumes are essential in this business. i don't use vsa, but the reason for me to trade only during london or ny most times is volume related (heavy volume time).

minor note: most reversals happen during heavy volume time. when sup and res goes during those hours... directions don't usually change for the rest of the session.
  • #360
  • Apr 18, 2011 11:33am Apr 18, 2011 11:33am
Hi,
why not?...this is the best way to spot professional money...nothing else works better...my last indi (the one I had hard time to get rid of) was RSI and was way too low to give me a correct signal...again..this is just me
Quoting puma1
I never look at volumes , pilot.
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