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

  • #2,401
  • Jun 29, 2011 9:25pm Jun 29, 2011 9:25pm
Quoting smurfs
ye i am pending long @ 129.39 and target your A high - 30 min untest level
It's just possible that the channel is turning into a wedge shape, meaning it might be turning up from here.
  • #2,402
  • Jun 29, 2011 9:26pm Jun 29, 2011 9:26pm
long at 129.50 : 1 position, TP 30 pip. 1 Position TP 100 pip with MM. Both SL at 100 pip

Quoting smurfs
ye i am pending long @ 129.39 and target your A high - 30 min untest level
not euphoria follower
  • #2,403
  • Jun 29, 2011 9:30pm Jun 29, 2011 9:30pm
Quoting Mpt
It's just possible that the channel is turning into a wedge shape, meaning it might be turning up from here.
ye i missed it- open 30 min chart -that prev low -marked 130.42--that was the actual level - i went with the prev candle low @ 129.38 -
  • #2,404
  • Jun 29, 2011 9:32pm Jun 29, 2011 9:32pm
Quoting smurfs
ye i missed it- open 30 min chart -that prev low -marked 130.42--that was the actual level - i went with the prev candle low @ 129.38 -
In fact, it's in a damned triangle
  • #2,405
  • Jun 29, 2011 9:36pm Jun 29, 2011 9:36pm
Reason for TP 30 pip seen at M 10

Quoting iqyu5an
long at 129.50 : 1 position, TP 30 pip. 1 Position TP 100 pip with MM. Both SL at 100 pip
Attached Image
not euphoria follower
  • #2,406
  • Jun 29, 2011 9:38pm Jun 29, 2011 9:38pm
Quoting iqyu5an
long at 129.50 : 1 position, TP 30 pip. 1 Position TP 100 pip with MM. Both SL at 100 pip
3 (risk): 1 (reward)?
shouldn't it be the other way around?
i know it's your trade... but....
  • #2,407
  • Jun 29, 2011 9:38pm Jun 29, 2011 9:38pm
ill try euro then moved entry from 14507 to 14524 - still a minor ress - not sure about this one- i like 14560 a bit more
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-30_0434.png Size: 31 KB
  • #2,408
  • Jun 29, 2011 9:45pm Jun 29, 2011 9:45pm
Sorry : 1:1 ( actually my target is 100 pip... but no one knows : )
for position that 30 PIP : volume is adjusted to meet MM (risk ) for 100 pip

thanks for clarify mate....


Quoting pkimnyc
3 (risk): 1 (reward)?
shouldn't it be the other way around?
i know it's your trade... but....
not euphoria follower
  • #2,409
  • Jun 29, 2011 9:47pm Jun 29, 2011 9:47pm
Quoting Mpt
In fact, it's in a damned triangle
oh ya,i see it now - so we can drop get as low as 129.38 or lower -

top or continuation ? lol

to play the breakouts of these ones- works ok
Attached Image
  • #2,410
  • Jun 29, 2011 9:47pm Jun 29, 2011 9:47pm
Quoting smurfs
ye i am pending long @ 129.39 and target your A high - 30 min untest level

Another small point. A wave "A" does always reach the top of a wave 4. In fact, it may already have topped for all I know. Suspect a break of this triangle will lead the way.
  • #2,411
  • Jun 29, 2011 9:48pm Jun 29, 2011 9:48pm
Quoting smurfs
oh ya,i see it now - so we can drop get as low as 129.38 or lower -

top or continuation ? lol

to play the breakouts of these ones- works ok
Touché
  • #2,412
  • Jun 29, 2011 10:03pm Jun 29, 2011 10:03pm
2 D
Quoting iqyu5an
Reason for TP 30 pip seen at M 10
Attached Image (click to enlarge)
Click to Enlarge Name: 2d gj.jpg Size: 52 KB
not euphoria follower
  • #2,413
  • Jun 29, 2011 10:17pm Jun 29, 2011 10:17pm
E/U
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-30_0515.png Size: 38 KB
  • #2,414
  • Jun 29, 2011 10:25pm Jun 29, 2011 10:25pm
Quoting smurfs
E/U
your trigger what you saying now thats your sl or what

i see minor fail my apologies
  • #2,415
  • Jun 29, 2011 10:55pm Jun 29, 2011 10:55pm
Quoting smurfs
E/U
I see it too... I just don't think technicals are aligning with reality. Again, I'm not a huge fundi guy, and I know you aren't either, but times like these are when we really need to consider fundamentals. E/U has a tendency to push trends, with little to no retracement, further than the technicals would ever suggest.

Summary: I'm not shorting in the face of this current trend. I'll wait for some sort of confirmation (either direction).
check out my blog: forexmademillionaire dot com
  • #2,416
  • Jun 30, 2011 1:49am Jun 30, 2011 1:49am
Quoting smurfs
E/U
I don't understand your chart.15424? Please explain, are those numbers correct? Also I don't see the reason you have drawn the line there.
Cheers, Bogus
FF journal: Peaks and Troffs
  • #2,417
  • Jun 30, 2011 2:30am Jun 30, 2011 2:30am
Daily Pivots: (S1) 128.95; (P) 129.45; (R1) 130.26;
  • #2,418
  • Jun 30, 2011 2:30am Jun 30, 2011 2:30am
GBP/JPY's recovery is still in progress and more upside could be seen. But intraday bias remains neutral and we'd still favor another fall as long as 130.53 minor resistance holds. Break of 128.23 support will extend recent decline to 100% projection of 140.02 to 130.27 from 135.11 at 125.36 next.
  • #2,419
  • Jun 30, 2011 2:36am Jun 30, 2011 2:36am
Considering mild bullish convergence conditions in 4 hours MACD, break of 130.53 will suggest short term bottoming and bring stronger rebound towards 135.11 resistance instead.
  • #2,420
  • Jun 30, 2011 4:40am Jun 30, 2011 4:40am
everybody should buy at this low point. This is the bottom for a few months. After a few months we are going to crash again but for now buy with full leverage
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