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

Quoting cohiba pips
are on the right track but your tp is very unreal rather sell the rallies from this point but its going to be scrappy for a few days maybe weeks
but there you go - still i expect as im sure many do a retrace will occur very soon
hi mpt,
have any comment?
thanks
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Quoting riko2705
hi mpt,
have any comment?
thanks
Hi there Riko2705. Funnily enough, I just came to this thread for the first time in many days. Am presently in Nouvelle Caledonie on vacation. The way I see it, all the last support? trendline comes in at around 119.3~4. (Line from 126.6 May 2010 through 122.15 in March 2011 to 119.4 today). Price much below that would tend to go against the idea of GJ being in an expanding triangle. Below that, the double bottom is at around 118.6. I read of BIG sell orders (sell stops) just below 118.6. I guess we will see in the next few hours.
Quoting Mpt
Hi there Riko2705. Funnily enough, I just came to this thread for the first time in many days. Am presently in Nouvelle Caledonie on vacation. The way I see it, all the last support? trendline comes in at around 119.3~4. (Line from 126.6 May 2010 through 122.15 in March 2011 to 119.4 today). Price much below that would tend to go against the idea of GJ being in an expanding triangle. Below that, the double bottom is at around 118.6. I read of BIG sell orders (sell stops) just below 118.6. I guess we will see in the next few hours.
wellcome back
and thank you for your wiev
Hey MPT, where do you read information of big sell or buy orders for that matter? Another source of information is always good.

Price is dropping, I am thinking we will be seeing a new all time low in the 116 region. Next support for the G/U should be in the 153 area if it doesn't bounce from the 155 area. The U/J is being pretty static at the moment.

That said, I am in for a long here at 119.30, with an SL below 118 just on the fact that we may get a bounce from here, looking to 122 and will re-evaluate should that occur.

Cheers
Quoting Cdawg
Hey MPT, where do you read information of big sell or buy orders for that matter? Another source of information is always good.

Price is dropping, I am thinking we will be seeing a new all time low in the 116 region. Next support for the G/U should be in the 153 area if it doesn't bounce from the 155 area. The U/J is being pretty static at the moment.

That said, I am in for a long here at 119.30, with an SL below 118 just on the fact that we may get a bounce from here, looking to 122 and will re-evaluate should that occur.

Cheers
Sorry for the late reply ... have been away. You can often get reports of large corporate/sovereign orders by monitoring the regular commentary over at forexlive.
Short GBP/USD on the trend line @ 1.5576 Stop @ 1.5665 Take @ 1.5200
Hmm..I have the trendline broken on the last 4H close.

I have the short positions running(Opened before break of TL) with a stop @ 1.5627.

Anyway, 5250 is target for me at the moment.
Pls can some explain to me how to use the info here in this forum to profit as i'm down with my account and i just want to build it up again.
For those who swear by Price Action analysis. the g/j pair caught my attention during the news release last weeks.

here u have 2 charts where u can see how the big boys press down the price prior to the news release to the previous low stop to hunt most possible stops

however the price fail to close beyond round number support 117.00

a V shape trend resumes after clearing the longers.

i didnt made the trade but i would if i were to spot on this PA move and round number rejection.

u could also see 119.00 were a silver lining cross over between the bull and bear

just for educations purposes hope it helps
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trade safe
Quoting zz_zhang
For those who swear by Price Action analysis. the g/j pair caught my attention during the news release last weeks.

here u have 2 charts where u can see how the big boys press down the price prior to the news release to the previous low stop to hunt most possible stops

however the price fail to close beyond round number support 117.00

a V shape trend resumes after clearing the longers.

i didnt made the trade but i would if i were to spot on this PA move and round number rejection.

u could also see 119.00 were a silver lining cross over...

Forgotten to add my view on this pair - a retrace to the 119.00 area would be a potential entry for long if it tested and reject 119 support.
trade safe
keep it simple...hahahahah
Quoting donfriday
keep it simple...hahahahah
Looks like there could be some profitable long opportunities above 1.2085.
Probability Professor
Quoting galation
looks like there could be some profitable long opportunities above 1.2085.
i'm in long already but anything could happen..until we see a break above that 120.85 ...122...125..in progress..
Quoting donfriday
i'm in long already but anything could happen..until we see a break above that 120.85 ...122...125..in progress..
Yeah, I'm in a long as well as per my post
Probability Professor
Quoting Galation
Yeah, I'm in a long as well as per my post

looking to buy on 119.20~40 area upon the retracement.

i hope to my position can open before the impact news today.
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trade safe
http://www.forexfactory.com/showthre...66#post5042066
Hello all, happy weekend.

Every day I've learned a lot from you all in this forum. I usually use buystop or sellstop when BE with sl in a few pips, because I don't know whether bearish or bullish trend in the next.
This is the chart that I use, please give me a comment. Thank you.
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What ...? Useless? ...

It is depend on what you post here !



Quoting forextryer
I am not an established trader with a system in place that allows me to tally win after win in my trading. I looked to this thread, as well as a few other threads, to help enlighten me in trading the GBP/JPY pair.

[color=black][font=Verdana]The thread, as well as some others, has now been hijacked by some very arrogant individuals insisting on forcefully changing the threads core beliefs into a thread that they could not have created on their own. That is the reason you need to be vouched for before you...
Pk left because few MORON traders, act like bastard ...posting rubbish anywhere.

So stop posting rubbish !

Quoting forextryer
I am not an established trader with a system in place that allows me to tally win after win in my trading. I looked to this thread, as well as a few other threads, to help enlighten me in trading the GBP/JPY pair.

[color=black][font=Verdana]The thread, as well as some others, has now been hijacked by some very arrogant individuals insisting on forcefully changing the threads core beliefs into a thread that they could not have created on their own. That is the reason you need to be vouched for before you...
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