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

  • #2,381
  • Jun 29, 2011 5:32pm Jun 29, 2011 5:32pm
Quoting comeback kid
so tells me why is the EW gurus so bearish ?
which gurus?

hope you are not referring anyone from ff....
  • #2,382
  • Jun 29, 2011 5:50pm Jun 29, 2011 5:50pm
Quoting smurfs
view is still the same - before the crowd even could see -

messing around with intraday up and down -but some wanna have some showing contests here - lol

only problem is most will start heavily buy when we break the " TL " and try to get over 1.48's -- from 1.48's ----->bing bong down to 1.42's again -

3 months pattern

sept/ockt - 1.5
pros and cons of predicting....

pros: you know the levels where price may reverse so you can mentally prepare yourself.

cons: the chance of being right is very slim since there are so many other possibilities. when using limit buy or sell your dd usually is heavy. virtually, you can't set stop loss. if you do, more often your stop will be hit.
  • #2,383
  • Jun 29, 2011 5:54pm Jun 29, 2011 5:54pm
Quoting smurfs
mostly from FF - even pretchers say parity - not even next yr mate

so why is all EW traders say parity ? where do they get the waves from ?

dont ask me -- i dont use EW - but even i can tell 4 waves up on monthly and flag is wave 4 -wave 5 is coming ?

or 5 waves up - flag is ABC ? and start of new bull counts

doesnt matter how you try count it , nothing point to 1.0000 - unless someone can show it to me-
there is no such thing as ew guru. ew is just a road map. don't over use it. definitely is not a predicting tool. you can sort of guess one step at a time that has high probability than flipping a coin. that's about it. besides.... even when price hits the level, you still need other tools to see if entry is there or not.
  • #2,384
  • Jun 29, 2011 6:01pm Jun 29, 2011 6:01pm
btw g,...

market condition is not the same as before. predicting price move and staying in the swing is long gone with geppy. piter knows that. that's why he wants to react these days rather than predicting.

one more thing....

l've traded live with piter live many times in the past and he is very good trader, and learned many things from him.
please don't piss him off. he knows what he is talking about.
  • #2,385
  • Jun 29, 2011 6:01pm Jun 29, 2011 6:01pm
early in the session might see that utl before i know it ill happily close there
whatever the case - closed will re-enter gn all by the way if you fancy a laugh skip to the greece part
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  • #2,386
  • Jun 29, 2011 6:17pm Jun 29, 2011 6:17pm
Quoting pkimnyc
btw g,...

market condition is not the same as before. predicting price move and staying in the swing is long gone with geppy. piter knows that. that's why he wants to react these days rather than predicting.
ye the same here -- prediction is a bunch of crap -

ive seen it all day everyday - it dont even help to read on the net -

its the worst thing to do for yourself andfor your trading

like the guys in the daily fx team office- if you read it on a daily basis-they sound like a bunch of clowns-- but they are not , what they say 48 hrs back, is what we read, but i know they dont really do what they didd say 48hrs back

the same with that ashfrad LAIDI --he is good- but if you vouch him on his analysis - he is just crap - and they dont act word by word what they did say 24hrs back - they act according to reaction

same here -- you post a chart 2 days ago- you are not going to like plan what you post- what do we read "" PK is going short @ XXX.XXX , from what you have been said 2 days ago , and acutally you are long or market change your view in a 1 hr candle -

thats FF - interactive threat-- predicting the shyt out of the market- it keep as busy ,but we are not doing what been posted a day or 2 ago -

thats why you wont get any signal services who is profitible that send you signals 24hrs back- not in a million yrs --

so traders here comment quickly on analysis here that was said 2 days ago -
  • #2,387
  • Jun 29, 2011 6:22pm Jun 29, 2011 6:22pm
Quoting smurfs
ye the same here -- prediction is a bunch of crap -

ive seen it all day everyday - it dont even help to read on the net -

its the worst thing to do for yourself andfor your trading

like the guys in the daily fx team office- if you read it on a daily basis-they sound like a bunch of clowns-- but they are not , what they say 48 hrs back, is what we read, but i know they dont really do what they didd say 48hrs back

the same with that ashfrad LAIDI --he is good- but if you vouch him on his analysis - he is just crap - and they dont...
exactly. market conditions change everyday. a plan is a plan, but if the market reacts differently then we need to react according to what the market is telling us at that time.
  • #2,388
  • Jun 29, 2011 6:41pm Jun 29, 2011 6:41pm
Quoting pkimnyc
exactly. market conditions change everyday. a plan is a plan, but if the market reacts differently then we need to react according to what the market is telling us at that time.
so im not taking any EW tader on-- but EW traders , sit all day ,day-in,day-out and work out the counting on all TF from 4hr and up ,because they love what they do ,but when they really enter ,its from a 5 min chart or 15 min chart-

but they post all 4hr and daily,weekly analyisis here on FF - and thats what we see .

same with me- post numourous posts all day ,because i like it- but no one really know where and what i really enter and why-

2 days ago i post cals of eur/cad long- i did not even watch it to enter-but i post it on FF-

but i just cant stand when somone says someone is a muppet or he is a senior etc...goodness i crack up -

a senior trader is someone who trade 25 plus yrs and is NOT on FF
and someone who is a muppet is someone who belongs in the gutters-

cloggy for example-- every second post to someone saying -- " ya muppet " etc. but the other group of traders in there back him . why ?? .. it makes me livid -

here is lawers and doctors and who ever trading for fun and enjoy trading, JUST BECause THEY CAN ,and they are here on FF- trying to learn and give a flying fck about money ,then you get members here like cloggy,think he is gold shyt about trading ( HE IS NOT) and keep doing that -- And so go it to all the others in the E/U threat - and they all back each other

virtual world is a funny thing
  • #2,389
  • Jun 29, 2011 6:51pm Jun 29, 2011 6:51pm
Quoting smurfs
so im not taking any EW tader on-- but EW traders , sit all day ,day-in,day-out and work out the counting on all TF from 4hr and up ,because they love what they do ,but when they really enter ,its from a 5 min chart or 15 min chart-

but they post all 4hr and daily,weekly analyisis here on FF - and thats what we see .

same with me- post numourous posts all day ,because i like it- but no one really know where and what i really enter and why-

2 days ago i post cals of eur/cad long- i did not even watch it to enter-but i post it on FF-...
lol. yea i hear ya. it's amazing how euro thread people enter their trades...
as for ew traders in ff, ew traders (very rare) and ew analysis-ts. analysis-ts can sit all day and post millions possibilities... however, how they chose which option to trade is a big mystery... and it's also a big mystery that they all come out as winners. but hey, it's their accounts. lol
  • #2,390
  • Jun 29, 2011 6:52pm Jun 29, 2011 6:52pm
btw- i am still going to sell GJ in the 130 region-see if we can get to that upper TL , 130.20/50 -

it move to slow and to sideways for a bottom -expecting more to come south
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  • #2,391
  • Jun 29, 2011 6:57pm Jun 29, 2011 6:57pm
Quoting pkimnyc
lol. yea i hear ya. it's amazing how euro thread people enter their trades...
as for ew traders in ff, ew traders (very rare) and ew analysis-ts. analysis-ts can sit all day and post millions possibilities... however, how they chose which option to trade is a big mystery... and it's also a big mystery that they all come out as winners. but hey, it's their accounts. lol
ye if you want one guy who love to analyse the market on EW is it raza- he is sitting all day,all night and doing that- he just love it- and thats daily,weekly etc charts

but he scalp the shyt ouf the market on 5 min charts -
  • #2,392
  • Jun 29, 2011 7:07pm Jun 29, 2011 7:07pm
Quoting smurfs
ye if you want one guy who love to analyse the market on EW is it raza- he is sitting all day,all night and doing that- he just love it- and thats daily,weekly etc charts

but he scalp the shyt ouf the market on 5 min charts -
well.... i hope he gets paid well for what he is doing then. lol
  • #2,393
  • Jun 29, 2011 7:21pm Jun 29, 2011 7:21pm
i really like this entry for shorts on GU @ 1.6166

thats if i can get filled - not jumping in before
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  • #2,394
  • Jun 29, 2011 7:25pm Jun 29, 2011 7:25pm
same with me- post numourous posts all day ,because i like it ( many dont )- but no one really know where and what i really enter so pls stop

a little less noise and more quality is what you need my friend - in my mind you will be confusing people ( traders ) unless they are investing in a currency long term and most folk are trading intraday or daily at the most these days, just my thoughts i hope you have a successful journey this time round
  • #2,395
  • Jun 29, 2011 7:28pm Jun 29, 2011 7:28pm
I'm hesitant to really go long the USD at all right now. With the Greece debacle finally (at least for now) wrapped up, the USD's debt problems are going to be in the limelight now. I just can't see it being good for the USD in the short to medium term.

It seems the pendulum always swings between Europe and the US. In this case, the pendulum is a volcanic ball of fire and swinging back toward the US. Once we resolve, or at least pretend to resolve, our own issues... it'll be back to Europe and that'll be the time to go long USD for awhile.

I'm not a huge fundi guy though, so I'd appreciate anyone else's more senior view.


Quoting smurfs
i really like this entry for shorts on GU @ 1.6166

thats if i can get filled - not jumping in before
check out my blog: forexmademillionaire dot com
  • #2,396
  • Jun 29, 2011 7:28pm Jun 29, 2011 7:28pm
thats only a bounce off 16166 - hit and run - as i do see daily is a huge H&S with a perfect level @ 1.6353 - this is prob. the level for a massive drop-

16166 will give a 50 to 100 pip bounce
  • #2,397
  • Jun 29, 2011 7:33pm Jun 29, 2011 7:33pm
Quoting Geppy
I'm hesitant to really go long the USD at all right now. With the Greece debacle finally (at least for now) wrapped up, the USD's debt problems are going to be in the limelight now. I just can't see it being good for the USD in the short to medium term.

It seems the pendulum always swings between Europe and the US. In this case, the pendulum is a volcanic ball of fire and swinging back toward the US. Once we resolve, or at least pretend to resolve, our own issues... it'll be back to Europe and that'll be the time to go long USD for awhile....

aah haa - been away for a while ? welcome back - ye stick to day trading- swings is to awfull - deep pullbacks and better entries every day- ( for ME)

i dont know about these fundies - it dont work for me,

auslanco is dead- PK is ALIVE
  • #2,398
  • Jun 29, 2011 7:58pm Jun 29, 2011 7:58pm
i am going to sell the eur @ 1.4507 - minor stop @ 14540 - still see down to 1.4310/1.4284 -

if 1.4507 fail then 1.4560 is still up there and its much stronger and high possibility that we will bounce alot

1.4507 is 50/50

14560 is also the 78.6 fib -
  • #2,399
  • Edited 9:12pm Jun 29, 2011 8:33pm | Edited 9:12pm
Yet another possible wave count chart!

This one assumes 128.2 as the bottom but encompasses everyone's favourite pattern, the H&S. In essence, wave 5 completed at 128.2, now going up for wave A in a channel, after which B goes down to form the right shoulder, terminating at the weekly pivot area.

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  • #2,400
  • Jun 29, 2011 9:20pm Jun 29, 2011 9:20pm
Quoting Mpt
Yet another possible wave count chart!

This one assumes 128.2 as the bottom but encompasses everyone's favourite pattern, the H&S. In essence, wave 5 completed at 128.2, now going up for wave A in a channel, after which B goes down to form the right shoulder, terminating at the weekly pivot area.

Attachment
ye i am pending long @ 129.39 and target your A high - 30 min untest level
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