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Daily GBP/JPY analysis

  • #16,281
  • Mar 2, 2012 7:51am Mar 2, 2012 7:51am
Imho, there´s a potential pinbar + fakey scenario forming in geppy, what do you guys think? Of course, we have to wait till proper close to confirm this, but as Friday develops, I think this might be very playable...

Looking for reading some comments.
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  • #16,282
  • Mar 7, 2012 6:31pm Mar 7, 2012 6:31pm
At the moment, I'm looking forward for another bearish continuation trend scenario either to complete wave 4 in aqua or yellow. Otherwise, we may see a potential of bearish reversal trend scenario (Head and Shoulder) refering to the alt count in white. Good luck.
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  • #16,283
  • Mar 8, 2012 5:12pm Mar 8, 2012 5:12pm
At the moment, I'm looking for an opportunity toward a bearish trend either refering to the alt counts in white or yellow (Bull Trap). A valid "Head and Shoulder" pattern would bolster to this scenario. Otherwise, please be careful for any strong breakout toward the bullish continuatio critical line 2. Happy weekends and good luck.
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  • #16,284
  • Mar 8, 2012 5:28pm Mar 8, 2012 5:28pm
Quoting Jebatfx
At the moment, I'm looking for an opportunity toward a bearish trend either refering to the alt counts in white or yellow (Bull Trap). A valid "Head and Shoulder" pattern would bolster to this scenario. Otherwise, please be careful for any strong breakout toward the bullish continuatio critical line 2. Happy weekends and good luck.
So, basically, with all that on the chart tells you, if it doesn't go down, it will go up, right?

It takes a lot for me to IGNORE you, but you can try.
  • #16,285
  • Mar 8, 2012 8:25pm Mar 8, 2012 8:25pm
Quoting Erebus
So, basically, with all that on the chart tells you, if it doesn't go down, it will go up, right?


Whilst you may only be commenting in a sarcastic manner, any decent wave analysis must provide alternate options. I, for one, appreciate his efforts to at least provide a considered analysis on such a regular basis.
  • #16,286
  • Mar 12, 2012 6:13pm Mar 12, 2012 6:13pm
my view atm.
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  • #16,287
  • Mar 12, 2012 8:55pm Mar 12, 2012 8:55pm
Quoting longshot_nl
my view atm.
While we will all know the outcome in a few hours, it is quite possible, as you point out, that subwave 5 will equal subwave 1 in length, possibly meaning a "failed 5" before a big drop.

However, you can also argue that we are now in wave d of a wave 4 (or wave B) in an expanding triangle/flat correction and a return to the 126 area will complete the wave e, before a major upmove.

I posted a trend line chart in another thread earlier that MAY be of some help as GJ gets back above 130
  • #16,288
  • Mar 12, 2012 11:47pm Mar 12, 2012 11:47pm
GBP/JPY here

Daily Pivots: (S1) 128.63; (P) 129.19; (R1) 129.74
very nice, good price..!
  • #16,289
  • Mar 12, 2012 11:50pm Mar 12, 2012 11:50pm
Quoting Jose Louis
GBP/JPY here

Daily Pivots: (S1) 128.63; (P) 129.19; (R1) 129.74


Why can't you understand this. The information you always copy and paste from Action forex is out of date already. It's a new day. Those levels are WRONG.
  • #16,290
  • Edited 2:57am Mar 13, 2012 2:39am | Edited 2:57am
Quoting Mpt
While we will all know the outcome in a few hours, it is quite possible, as you point out, that subwave 5 will equal subwave 1 in length, possibly meaning a "failed 5" before a big drop.

However, you can also argue that we are now in wave d of a wave 4 (or wave B) in an expanding triangle/flat correction and a return to the 126 area will complete the wave e, before a major upmove.

I posted a trend line chart in another thread earlier that MAY be of some help as GJ gets back above 130
Yes wave 5 has bad structure upto now. i can't see it making 5 subwaves yet.
But the bigger structure seems ok so i'd still trade it if it stays above 126.5.

if wave 1 = wave 5 in size -> it may take 20 4h candles to get there...
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  • #16,291
  • Mar 13, 2012 3:49am Mar 13, 2012 3:49am
Quoting longshot_nl
Yes wave 5 has bad structure upto now. i can't see it making 5 subwaves yet.
But the bigger structure seems ok so i'd still trade it if it stays above 126.5.

if wave 1 = wave 5 in size -> it may take 20 4h candles to get there...

Sorry, I meant wave 5, not subwave 5
  • #16,292
  • Mar 13, 2012 6:12am Mar 13, 2012 6:12am
Quoting longshot_nl
Yes wave 5 has bad structure upto now. i can't see it making 5 subwaves yet.
But the bigger structure seems ok so i'd still trade it if it stays above 126.5.

if wave 1 = wave 5 in size -> it may take 20 4h candles to get there...
Maybe the structure is not as odd as it first seems

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  • #16,293
  • Mar 13, 2012 6:21am Mar 13, 2012 6:21am
Quoting Mpt
Maybe the structure is not as odd as it first seems

Attachment
looks good enough to me..
your TL on my chart in white....
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  • #16,294
  • Mar 14, 2012 3:44am Mar 14, 2012 3:44am
entry triggered.
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  • #16,295
  • Mar 14, 2012 3:49am Mar 14, 2012 3:49am
Quoting longshot_nl
entry triggered.

it may just be a pause
  • #16,296
  • Mar 14, 2012 3:53am Mar 14, 2012 3:53am
sold GJ at 131.30 . . .
The market will deceive you. Make your own judgement.
  • #16,297
  • Mar 14, 2012 3:54am Mar 14, 2012 3:54am
Quoting Mpt
it may just be a pause
it may be anything.
but it is my entry.
  • #16,298
  • Mar 14, 2012 5:16am Mar 14, 2012 5:16am
Going back up for 5 of 5. Top of channel and fib 1.38 ext at 131.6

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EDIT If it makes it that far
  • #16,299
  • Edited 5:29am Mar 14, 2012 5:17am | Edited 5:29am
LONG @1.5700

http://i899.photobucket.com/albums/a...uk/gbplong.png
  • #16,300
  • Mar 14, 2012 7:06am Mar 14, 2012 7:06am
looks like an abcd on geppy
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