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Daily GBP/JPY analysis

  • #16,181
  • Oct 6, 2011 6:49pm Oct 6, 2011 6:49pm
At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or aqua. A breakout towards the upper green trendline would bolster to this scenario. Otherwise, please be careful for another extension or major wave 5 in magenta. Happy weekend and good luck.
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  • #16,182
  • Oct 7, 2011 12:49am Oct 7, 2011 12:49am
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  • #16,183
  • Oct 7, 2011 12:56am Oct 7, 2011 12:56am
Quoting Mpt
Attachment
sweet...
Have I got something on my face, SOLDIER?
  • #16,184
  • Oct 7, 2011 2:18am Oct 7, 2011 2:18am
It would seem that I am wrong (again)
  • #16,185
  • Oct 7, 2011 4:31am Oct 7, 2011 4:31am
This might become a turningpoint.
200 SMA might make a difference but fib already tested which makes it weaker.
we'll see.
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  • #16,186
  • Oct 7, 2011 4:50pm Oct 7, 2011 4:50pm
what is the direction of GBP/JPY after today closing

it will visit again the point 11730 or not ????
  • #16,187
  • Oct 10, 2011 7:58pm Oct 10, 2011 7:58pm
At the moment, a breakout toward the aqua lower trendline would bolster to the bearish retracement trend scenario refering to the alt count in yellow. Otherwise, I believe market will perform another bullish continuation trend scenario perhap to complete a "diagonal" triangle" bullish trap pattern in aqua. Good luck.
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  • #16,188
  • Oct 12, 2011 8:19pm Oct 12, 2011 8:19pm
bounce or break?

i am skipping.
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  • #16,189
  • Oct 12, 2011 10:28pm Oct 12, 2011 10:28pm
investor speaking, this would be a hard pair to trade...
boe was speaking about QE, and japan rumored to put a floor on yen..

how do you guys feel of trading the dragon? big spread but big gains?
Have I got something on my face, SOLDIER?
  • #16,190
  • Oct 12, 2011 11:08pm Oct 12, 2011 11:08pm
GJ can be tricky, but one its better features is that it is very observant of trendlines. Sometimes, though, working out where those lines are can take some time .... it can take a long time to "show it's hand".

So far, the only channel breakout shown was the BOJ intervention in August.

Here is 4hr/daily status to date. The bottom dotted TL is a very long term line started in September 2010. It has long been speculated that it may represent the bottom of an expanding triangle, so it will be interesting to see what occurs when/if price meets it again.

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  • #16,191
  • Oct 13, 2011 12:08am Oct 13, 2011 12:08am
Quoting bumapatria
i trade the waves looking for pullback entry or even trading the pullback. But i really on supply/demand more, plus a few other indicators.
And how is that working out for you? Better not take on the "The Beast" just yet, at least not until the training wheels are off your DEMO account and you can claim to make a dollar or two doing some REAL trading.

Best stick to your own thread, with all your friends, trading your "psycho levels" babble, got your own little world there, everybody telling you what a great trader you are, well, really had it handed to you the last few days with telling everyone to short the EUR-USD didn't you?

Best re-read Post # 1626 and follow some great trading advice there instead of what you have been doing, cause, it ain't working for you!

Doing some serious re-evaluation of trading now! Oh, and don't forget to put a stop loss when you leave the house, see your account below.
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OPPORTUNITY IS NOWHERE
  • #16,192
  • Oct 13, 2011 12:21am Oct 13, 2011 12:21am
Quoting Callisto
And how is that working out for you? Better not take on the "The Beast" just yet, at least not until the training wheels are off your DEMO account and you can claim to make a dollar or two doing some REAL trading.

Best stick to your own thread, with all your friends, trading your "psycho levels" babble, got your own little world there, everybody telling you what a great trader you are, well, really had it handed to you the last few days with telling everyone to short the EUR-USD didn't you?...
Go get a life stalker, dont ruin yet another thread, what a sucker. guys put him on ignore, he has done this on more than 10 threads, cant mind his own fuckign business, i suggest to block him. i dont want another thread destroyed by this little Sob who doesnt have the time to do his own struts.
Have I got something on my face, SOLDIER?
  • #16,193
  • Oct 13, 2011 7:01pm Oct 13, 2011 7:01pm
At the moment, I'm looking forward for a potential of bearish retracement trend scenario to complete subwave 2 in yellow. A breakout toward the lower red trendline and follow by a strong bounce either from Fr 50% or 61.8% would bolster to this scenario. Otherwise, please be careful for another bearish continuation trend scenario in aqua or magenta. Good luck.
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  • #16,194
  • Oct 15, 2011 4:20am Oct 15, 2011 4:20am
hello dear traders.
(i don't trade YPY pairs actually but i guess there is an opportinity in JPY)
there is a news from Japan government speaksman about JPY value ? is it correct ? so when it will happen ? on sunday , with the Japan session opening ? thanks and regards.
the best indicator is trader's knowledge , experience and dicipline.
  • #16,195
  • Oct 17, 2011 7:43pm Oct 17, 2011 7:43pm
Gbp vs Jpy (1H) - At the moment, I'm looking forward for a bearish retracement trend scenario to perform either subwave 2 in yellow or aqua. Otherwise, we may see a LTL bounce and bull trap scenario in white.

Gbp vs Jpy (4H) - Preferably, I'm looking forward for a potential of major bullish reversal trend scenario in yellow. A strong bounce from either FR 50% or 61.8% would bolster to the alt count in yellow scenario. Otherwise, we may see a "triple bottom" scenario. Good luck.
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  • #16,196
  • Oct 18, 2011 12:47am Oct 18, 2011 12:47am
Alternate view:

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  • #16,197
  • Oct 18, 2011 8:11pm Oct 18, 2011 8:11pm
At the moment, I believe market in progress to complete subwave 2 either refering to the alt counts in yellow or aqua before a potential of bullish continuation trend scenario. A bounce from either Fr 50% or 61.8% would bolster to this scenario. Otherwise, we may see market further perform a bearish continuation trend scenario in magenta. Good luck.
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  • #16,198
  • Oct 19, 2011 2:06pm Oct 19, 2011 2:06pm
gbp jpy 4h.. may be
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  • #16,199
  • Oct 19, 2011 7:30pm Oct 19, 2011 7:30pm
At the moment, a breakout toward the bullish continuation critical line 1 and 2 is still yet remain to be seen to determine either market in favour to perform a bullish reversal trend scenario in yellow or not. Otherwise, I believe we may see another bearish continuation trend scenario either in aqua or magenta.
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  • #16,200
  • Oct 22, 2011 11:11am Oct 22, 2011 11:11am
Gonna sell this baby if we get to 124.ish with my stop above 126 and a limit around 118.60 which makes it around 3 to 1 R&R
Please do not vouch for me.
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