Although daily is bullish ,I will wait for break and retest .
No hurry.1hr below.
GBP/JPY, GBP/USD, and EUR/USD (technical analysis)
- #2,002
- Jun 13, 2011 11:04pm Jun 13, 2011 11:04pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
- #2,003
- Jun 13, 2011 11:05pm Jun 13, 2011 11:05pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Nearly 1 month I'm waiting for bull
- #2,004
- Jun 13, 2011 11:16pm Jun 13, 2011 11:16pm
- | Joined Jun 2008 | Status: Divergence Seeker | 1,749 Posts
yep it is going up the one hour candles are well placed above ema 150 
- #2,005
- Jun 13, 2011 11:18pm Jun 13, 2011 11:18pm
- Joined Apr 2007 | Status: Senior Principal Trader | 2,699 Posts
Agree....but when geppy start move.....she will swing triple than EU.
told you euro was much more fun than geppy.
- #2,006
- Jun 13, 2011 11:21pm Jun 13, 2011 11:21pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
Agree....but when geppy start move.....she will swing triple than EU.
- #2,007
- Jun 14, 2011 3:05am Jun 14, 2011 3:05am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
Quick chart before I have to run. Won't be at my PC for a few days.
Daily GY chart.
H&S neckline 1, (white line), was broken, but a second neckline, (Blue horizontal) @ 130 held.
BUT, there is something i'm keeping my eye on....
The last swing HiLo fibo 618 sits at 129.3 and tbh I was expecting price to test this area. 128.30 was also on my radar because it represents an FE100 of a bearish HD from 137.
IF, and it's a big IF, price retraces to the 784 fibo level @ 126.5, I will likely bet the farm, missus, kids and imaginary dog.
Daily GY chart.
H&S neckline 1, (white line), was broken, but a second neckline, (Blue horizontal) @ 130 held.
BUT, there is something i'm keeping my eye on....
The last swing HiLo fibo 618 sits at 129.3 and tbh I was expecting price to test this area. 128.30 was also on my radar because it represents an FE100 of a bearish HD from 137.
IF, and it's a big IF, price retraces to the 784 fibo level @ 126.5, I will likely bet the farm, missus, kids and imaginary dog.
- #2,010
- Jun 14, 2011 4:14am Jun 14, 2011 4:14am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
i went ahead and short E/U @ 1.4463-confl. area - not sure about this pair ATM -
it can go both ways -
i target 1.4290 for the time being, and that said if stop hold on this - only a 30 pip stop here -
1hr chart on EW perspective is this the end of wave 4 and wave 5 should start at this moment- looks alike
Anyway i would be surprised if this upper TL will work
Hero calls followed by margin calls...
- #2,011
- Jun 14, 2011 4:35am Jun 14, 2011 4:35am
Yes.
Anyway i would be surprised if this upper TL will work
and now you say "surprise" if TL will work ?
sound a bit confused ?
bear or bull
( but yes ,it can go both ways )
- #2,013
- Jun 14, 2011 4:47am Jun 14, 2011 4:47am
Speed....beer for sure
OK back to work...GJ some action there..PA bottom TL again
OK back to work...GJ some action there..PA bottom TL again
last week you say " how can you buy this sell-off ? - i dont get,get it ,get it" ?
and now you say "surprise" if TL will work ?
sound a bit confused ?
bear or bull
( but yes ,it can go both ways )
- #2,017
- Jun 14, 2011 7:02am Jun 14, 2011 7:02am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
Previous breakout is due to negative news from PPI output and Manufacturing production data.
Today we see interesting move ...where we see rejection bear move at H1.
but i am expecting main vs cross back to normal correlation soon...this week should be the movement...mmm
anyway vacation time and enjoy ur trade mate
- #2,018
- Jun 14, 2011 7:06am Jun 14, 2011 7:06am
- | Commercial User | Joined Oct 2008 | 5,712 Posts
Although daily is bullish ,I will wait for break and retest .
No hurry.
correct..only today close above 132 may have tendency to test again 132.90/133 to 133.30/40...otherwise ranging like hell
- #2,019
- Jun 14, 2011 10:36am Jun 14, 2011 10:36am
this is only what i see-
a topp is about busy to form and complete - later during the next 3 months we will certainly see where excactly is the KEY supp-- it will be either 1.40000 or 1.4200- at the moment it looks like its going to be 1.42000
maybe i am wrong,but i do see a topp is busy here with max high's @ 1.5030/1.5100 before we will collapse to 1.2766 -
i think i will sit out on e/u as i do see i will get stopped out on my shorts verrrry soon- and probably wait for that 1.5030 to GET HIT -- then i will swing trade this baby for 1.3000 - the other 200 pips to 1.2766--> i dont need.
so this is only my prediction for the next 3 months is ranging between 1.42000 and 1.51000 and a top is about to form here -
longs and shorts is good here to play -
normally when we break a major TL,it coincidance with key supp--and i see its only in october -
but lets see --this might be bunch of rubbish here- but i am going to play this chart
NO CHOP AND CHANGE
i am bearish when we hit 1.5030 !
a topp is about busy to form and complete - later during the next 3 months we will certainly see where excactly is the KEY supp-- it will be either 1.40000 or 1.4200- at the moment it looks like its going to be 1.42000
maybe i am wrong,but i do see a topp is busy here with max high's @ 1.5030/1.5100 before we will collapse to 1.2766 -
i think i will sit out on e/u as i do see i will get stopped out on my shorts verrrry soon- and probably wait for that 1.5030 to GET HIT -- then i will swing trade this baby for 1.3000 - the other 200 pips to 1.2766--> i dont need.
so this is only my prediction for the next 3 months is ranging between 1.42000 and 1.51000 and a top is about to form here -
longs and shorts is good here to play -
normally when we break a major TL,it coincidance with key supp--and i see its only in october -
but lets see --this might be bunch of rubbish here- but i am going to play this chart
NO CHOP AND CHANGE
i am bearish when we hit 1.5030 !
