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  • #5,901
  • May 14, 2011 2:17pm May 14, 2011 2:17pm
hello all
saturday evening weekly charts time.

fiboexpansion:
found nice FE 161.8 peak 123.30
crashed the FE 100
on 113.11 is FE 61.8

supports:
strong support 113.70 closed above
next strong support is 113.11
last is 112.25

tdl:
first supporting came from 115.65
second also from peak 115.65 but weaker direction
another nice one is the red one coming from 106's and crossing in 113.11

on chart n1 you see zoom in
on chart n2 you see zoom out to find how strong should be those supports.

yesterday we lost daily channel
but now in low from here should be hard hard work.
still waiting a consolidation but anyway i expect more up from here.
will change idea if we loose 112
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  • #5,902
  • May 14, 2011 2:45pm May 14, 2011 2:45pm
Quoting _BBKing_
hello all
saturday evening weekly charts time.

fiboexpansion:
found nice FE 161.8 peak 123.30
crashed the FE 100
on 113.11 is FE 61.8

supports:
strong support 113.70 closed above
next strong support is 113.11
last is 112.25

tdl:
first supporting came from 115.65
second also from peak 115.65 but weaker direction
another nice one is the red one coming from 106's and crossing in 113.11

on chart n1 you see zoom in
on chart n2 you see zoom out to find how strong should be those supports.

yesterday we lost...

Good work _BBKing_
Regards, Shigeru.
  • #5,903
  • May 14, 2011 4:08pm May 14, 2011 4:08pm
Quoting Shigeru
Good work _BBKing_
thanks
last week this thing stopped me out 2-3 times, was trying to fight it.
now i do his game, best thing..
but if a consolidation of some kind in h1 best h4 appears, i will think again to 125 area.
meanwhile usd jpy waiting up since 2 weeks, and i really like this weekly candle out there

my bad jpy moves better on asia session and here is late night during it...
90% of traders use TA, indicators and prediction
  • #5,904
  • May 14, 2011 4:20pm May 14, 2011 4:20pm
Quoting _BBKing_
thanks
last week this thing stopped me out 2-3 times, was trying to fight it.
now i do his game, best thing..
but if a consolidation of some kind in h1 best h4 appears, i will think again to 125 area.
meanwhile usd jpy waiting up since 2 weeks, and i really like this weekly candle out there

my bad jpy moves better on asia session and here is late night during it...
Do you know the difference between Asia session & rest of..?
On Asia session is quiet..predictable..clear direction..a lot of time..
Direction is not so important as to collect green pips profits of trading..
Much more possibility to drop down before we rise up on E/Y..but will see finally..
Regards, Shigeru.
  • #5,905
  • May 15, 2011 12:01pm May 15, 2011 12:01pm
Quoting Shigeru
Do you know the difference between Asia session & rest of..?
On Asia session is quiet..predictable..clear direction..a lot of time..
Direction is not so important as to collect green pips profits of trading..
Much more possibility to drop down before we rise up on E/Y..but will see finally..
yes i noticed a lot of time this thing!
surely the direction is based on what happened during london and NY. few times i saw trend reversal during asia.
actually forex is not my 100% occupation so, hard thing to trade during night (italy here)
maybe one day i will ...
90% of traders use TA, indicators and prediction
  • #5,906
  • May 16, 2011 3:48am May 16, 2011 3:48am
EURJPY is realy overbought right now.We tried to broke one very strong chanel and chanel was hold that.Now we have nice rejection from chanel and stoping volume from last week.I expext EUR recovery and EURJPY at 117.00-118.00 (50-61.6 FIb).I mus repeat again this is tehnicly analysy and this must be confrimed by fundamentaly for good trade.That is why is risk control very important in Forex...

This is picture >

Cheers

Petar
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"Buy on fear, sell on greed !!!
  • #5,907
  • May 16, 2011 4:14am May 16, 2011 4:14am
i had a different analysis but had quite similiar results as yours, i see 7 waves instead , on the fifth wave we see a long needle. probably fundamental reasons and strong usdx drove up this pair after this point. fibo extention and fibo in theory are quite different actually, fibo is actually a reversal after a certain peak while extension is more for people who wants to catch the elliot waves.


Quoting _BBKing_
hello all
saturday evening weekly charts time.

fiboexpansion:
found nice FE 161.8 peak 123.30
crashed the FE 100
on 113.11 is FE 61.8

supports:
strong support 113.70 closed above
next strong support is 113.11
last is 112.25

tdl:
first supporting came from 115.65
second also from peak 115.65 but weaker direction
another nice one is the red one coming from 106's and crossing in 113.11

on chart n1 you see zoom in
on chart n2 you see zoom out to find how strong should be those supports....
Attached Image (click to enlarge)
Click to Enlarge Name: SKMBT_28311051617060.jpg Size: 198 KB
  • #5,908
  • May 16, 2011 7:07am May 16, 2011 7:07am
EURJPY is about to be crazy stupid bullish! Well at least for a couple hundred pips anyway. Long at 114 on the dot. use a 50 pip stop tgt is 116
  • #5,909
  • May 16, 2011 9:10am May 16, 2011 9:10am
Long EURJPY. Target 117.62.
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  • #5,910
  • Edited 11:49am May 16, 2011 10:17am | Edited 11:49am
Quoting mattrader
Long EURJPY. Target 117.62.
Agree
Nice Gartley in H4

But why your target is 117.62?
In Gartley pattern either the dashed red line or the line that connects both tops is considered as a target
So I think something around 120 would be the first target and it room to around 124.
  • #5,911
  • May 17, 2011 3:13am May 17, 2011 3:13am
Quoting Petar_Serbia
Hello guys,

I took losses last week,but if 114.00 hold will bulish jpy.Also USDJPY is looks still very good for buying,,,All we got is new stoping on chanel...
USDJPY Hit first target ..


Cheers
Petar
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"Buy on fear, sell on greed !!!
  • #5,912
  • May 18, 2011 4:30am May 18, 2011 4:30am
Hello guys,
We got 116.40 yesterday and i think with current situation that we can go down today..Be carefull with mid term buys...

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #5,913
  • May 18, 2011 6:31am May 18, 2011 6:31am
finally i got the usd jpy as near the 23% fibo as possible
this can be the beginning of the consolidation for further up

i was waiting this pattern since days n days n days.
now i hope it to go to 90's
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  • #5,914
  • May 18, 2011 11:19pm May 18, 2011 11:19pm
Entry Short 116.60 SL 116.85 TP 113.50
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  • #5,915
  • May 19, 2011 2:03am May 19, 2011 2:03am
Quoting _BBKing_
finally i got the usd jpy as near the 23% fibo as possible
this can be the beginning of the consolidation for further up

i was waiting this pattern since days n days n days.
now i hope it to go to 90's
ok out +70
i dont like it so much reaction to 81.85 resistance
will get in again if breakes up in 82 area
90% of traders use TA, indicators and prediction
  • #5,916
  • May 19, 2011 5:08am May 19, 2011 5:08am
So I'm following

http://img850.imageshack.us/img850/3405/mariposa1h.gif
  • #5,917
  • May 19, 2011 5:22am May 19, 2011 5:22am
Quoting _BBKing_
ok out +70
i dont like it so much reaction to 81.85 resistance
will get in again if breakes up in 82 area
Good trade bbking
I am currenlty neitral on EURJPY but wait some shorts,we will see situation in nex few hours..

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #5,918
  • May 19, 2011 7:07am May 19, 2011 7:07am
I am bearish on EUJRPY from 116.65...Will upload chart later now i must go to city...

Cheers
Petar
"Buy on fear, sell on greed !!!
  • #5,919
  • May 19, 2011 1:31pm May 19, 2011 1:31pm
short from 11709, stp -35 tp just above 114
  • #5,920
  • May 19, 2011 3:11pm May 19, 2011 3:11pm
Hello guys,
First of all i watched 1,2 hours chart on EUJRPY daily and started to create tehnicly things.I will try to explain my reasons why i see future down on EURJPY (tehnicly and fundamentaly)

Tehnicly

I am not expert about Elliot Wave but i know princip and of course i know very well price action.I decided to create one chart on Daily timeframe for elliot-price action prediction.According Elliot Wave +Fibs,price action i see future down EURJPY.We are currently at 116.70,i expect that we retest prev. low at 113.50 and than we can see posible corection and final fifth wave around 111.50.We can see also one strong trendline wich tell us that level around 117 can be potencial reverse level for future down.

Fundamenaly
If we speak about fundamentaly that is harders thing.Why i said this,becoue more than 80 percent of currency trading Volume is speculative in Nature and that results many corection on markets.
After earthquake i think Japan started to recover economy.
That Japan GDP in first quater fell 0.9 % but i watch situation in Japan economy and watch his news.I rad this very good report from Japan >

Japan's real GDP for the first quarter of 2011 fell 0.9% from the previous quarter, tipping the country into a recession as the March 11 earthquake and tsunami caused declines in consumer spending, business investment and private-sector inventories.
During January-March, weakened domestic demand shaved 0.8 percentage point off Japan's quarterly growth, the GDP data showed. Consumer spending dropped 0.6% on quarter, and business investment also fell 0.9% on quarter.

A government official said falls in spending on cars and services in the quarter, contributed to the decline in consumption for the period.

Sentiment among Japanese consumers also plunged in the aftermath of the disaster, leading to less spending on luxury items and travel.

Japan's latest downturn has pressured the country's authorities into boosting government spending and taking more monetary policy steps. A ¥4 trillion yen extra budget to finance initial reconstruction efforts was enacted earlier this month.
This is just my view for this month,of course every day is new day and fundamental things are changable every day...


Hope you like my analysy..

Best Regards
Petar
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"Buy on fear, sell on greed !!!
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