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Daily GBP/JPY analysis

  • #15,781
  • Apr 18, 2011 2:19am Apr 18, 2011 2:19am
Quoting lolygagv2
It's not strong until we test it for weakness
They are all broken within a 5 min candle and the price doesn't go lower either. Well, next time I will make sure I have more levels.
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  • #15,782
  • Edited 3:26am Apr 18, 2011 3:08am | Edited 3:26am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Looking for longs @ 134.29

http://i56.tinypic.com/20a6hdu.gif
  • #15,783
  • Apr 18, 2011 4:05am Apr 18, 2011 4:05am
  •  apt
  • | Joined Oct 2010 | Status: All your cookies are belong to me. | 1,114 Posts
Quoting apt
Looking for longs @ 134.29

http://i56.tinypic.com/20a6hdu.gif
to the pip
  • #15,784
  • Apr 18, 2011 8:30pm Apr 18, 2011 8:30pm
At this moment, I'm looking forward for a potential of bullish continuation trend scenario either refering to the alt counts in white, magenta or yellow. A breakout to the aqua critical line and upper green trendline would bolster toward the bullish continuation trend scenario either refering to the alt counts in white or magenta. Otherwise, if market further break the white critical line, then we may see an extension of subwave v/C either in yellow or aqua before any potential of bullish continuation trend scenario. Good luck.
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  • #15,785
  • Apr 19, 2011 4:00pm Apr 19, 2011 4:00pm
Anybody see another bounce down from this?
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  • #15,786
  • Apr 19, 2011 7:42pm Apr 19, 2011 7:42pm
At the moment, a strong breakout to the bullish continuation critical line 1 is still yet remains to be seen to determine for any potential toward another bullish continuation trend scenario either refering to the alt counts in white or magenta. I believe right now market in favour to perform another bearish continuation trend scenario either in yellow or aqua. A valid "rising wedge" pattern, a pullback from the upper green trendline and follow by a breakout toward toward the pivot and S3 critical line would bolster to this scenario. Good luck.
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  • #15,787
  • Apr 20, 2011 7:22pm Apr 20, 2011 7:22pm
Favourably, as long the yellow/aqua criticai line is remain intact, I believe market have more potential to perform another bearish continuation trend scenario either refering to the alt counts in yellow or aqua before expecting for any opportunity toward a bullish reversal trend scenario. A breakout to the pivot and bearish continuation critical line 1 would bolster to this scenario. Otherwise, please be careful for any breakout toward the R3 critical line. Good luck.
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  • #15,788
  • Apr 20, 2011 7:27pm Apr 20, 2011 7:27pm
I so badly want to go long right now for some reason, not giving in to the confirmation bias! I gotta see something on the charts. Flirting with the 50 EMA on weekly as support.
  • #15,789
  • Apr 20, 2011 7:34pm Apr 20, 2011 7:34pm
Quoting Armst227
I so badly want to go long right now for some reason, not giving in to the confirmation bias! I gotta see something on the charts. Flirting with the 50 EMA on weekly as support.
Look at your EUR/JPY chart, then look at GBP/JPY.

Confirmation for long is coming right up.
  • #15,790
  • Apr 21, 2011 8:20pm Apr 21, 2011 8:20pm
At this moment, a breakout either to the R3 or pivot/S3 still yet remains to be seen to determine which alt counts that is in favour. Preferably, I'm still looking for an opportunity toward a bearish continuation trend scenario either refering to the alt counts in yellow or aqua. Otherwise, please be careful for another bullish continuation trend scenario. Happy weekends and good luck.
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  • #15,791
  • Apr 22, 2011 1:54am Apr 22, 2011 1:54am
when your decline chanel broked than why you are inssis about bearish?
(be remember i am also GJ on Bearish) but i want to know your views even your chart shows bulish...

Quoting Jebatfx
At this moment, a breakout either to the R3 or pivot/S3 still yet remains to be seen to determine which alt counts that is in favour. Preferably, I'm still looking for an opportunity toward a bearish continuation trend scenario either refering to the alt counts in yellow or aqua. Otherwise, please be careful for another bullish continuation trend scenario. Happy weekends and good luck.
Trade what you see, Not what you think.
  • #15,792
  • Apr 23, 2011 11:02pm Apr 23, 2011 11:02pm
The Yellow Line is the most important line in this chart:
The Price has reacted 3 times to this line.
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  • #15,793
  • Apr 24, 2011 7:12pm Apr 24, 2011 7:12pm
Quoting khizer
when your decline chanel broked than why you are inssis about bearish?
(be remember i am also GJ on Bearish) but i want to know your views even your chart shows bulish...
hi khizer,

In an elliot wave strategy, it is very important to analyze all possible potentials before determine any of one that u bias will going to happen. And this bias will change from time to time base on multi TF and latest EW structures. Happy trading.
-------------------------

At this moment, I believe market have more potential to perform a bullish continuation trend scenario either refering to the alt counts in magenta or white. A strong breakout to perform subwave iii would bolster to this scenario. Otherwise, we may see a bearish continuation trend scenario either in yellow or aqua. Good luck.
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  • #15,794
  • Apr 25, 2011 7:04pm Apr 25, 2011 7:04pm
At this moment, market still ranging between the R3 and pivot critical line. Any breakout is still yet remains to be seen before can determine which alt counts that is in favour. A breakout to the pivot critical line would favour to the alt counts either in aqua or yellow. Otherwise, a bounce from pivot critical line would favour to the alt couns either in magenta or white. Good luck.
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  • #15,795
  • Apr 26, 2011 7:06pm Apr 26, 2011 7:06pm
Preferably, I'm looking forward for a potential of bullish reversal trend refering to the alt count in yellow (Bear Trap). A valid sub-diagonal triangle pattern would bolster to this scenario. Otherwise, we may see another bearish continuation trend scenario in aqua. Good luck.
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  • #15,796
  • Apr 27, 2011 7:31pm Apr 27, 2011 7:31pm
At this moment, please analyse all potential alt counts. A further bullish continuation trend scenario would bolster to either alt counts in white or magenta. Otherwise, if market pullback again then we may see either only a retracement to complete subcorrective wave b in yellow or a bearish reversal trend scenario to perform corrective wave C in aqua. Good luck.
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  • #15,797
  • Apr 28, 2011 7:03pm Apr 28, 2011 7:03pm
At this moment, I'm looking forward for a potential of further bullish continuation trend scenario either refering to the alt counts in yellow, white or magenta. A breakout toward the R3 critical line would bolster to this scenario. Otherwise, please be careful for any breakout to the bearish continuation critical line 2. Happy weekend and good luck.
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  • #15,798
  • Apr 28, 2011 9:50pm Apr 28, 2011 9:50pm
I cant expecting any big movment today because Japan and London bank holydays.
But this pitchfork are working in Hourly time frame.


Have a Nice Trade...
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Trade what you see, Not what you think.
  • #15,799
  • May 2, 2011 8:02am May 2, 2011 8:02am
lets see...
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Trade what you see, Not what you think.
  • #15,800
  • May 2, 2011 8:16pm May 2, 2011 8:16pm
At this moment, market showed more potential toward a bearish reversal trend scenario refering to the alt count in aqua. A breakout to the bearish continuation critical line 1 would bolster to this scenario. Otherwise, I'm looking forward for a potential of bounce scenario refering to the alt count in yellow. Good luck.
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