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

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  • Post #2,881
  • Quote
  • Mar 8, 2012 10:39pm Mar 8, 2012 10:39pm
  •  Mpt
  • Joined Nov 2009 | Status: Member | 2,582 Posts
I can't agree more. But, sadly they still keep turning up. As you have noted, I try to challenge them in a gentle/sarcastic way.

I really don't get it and fully understand why you walked away when you did.
 
 
  • Post #2,882
  • Quote
  • Mar 8, 2012 10:47pm Mar 8, 2012 10:47pm
  •  Mpt
  • Joined Nov 2009 | Status: Member | 2,582 Posts
Quoting FXMindset
Disliked
Double lows with rejected pin bar on 80.57 are followed bt breaking the inside range
Its friday
Ignored

But, it did break to a new high. It's very over bought, as is GJ. But if it consolidates here, there may be enough in it to make another new high. Wait to see if it forms into a triangle or other such consolidation/continuation pattern on the lower TFs first
 
 
  • Post #2,883
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  • Mar 8, 2012 10:59pm Mar 8, 2012 10:59pm
  •  FXMindset
  • | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Quoting Mpt
Disliked
But, it did break to a new high. It's very over bought, as is GJ. But if it consolidates here, there may be enough in it to make another new high. Wait to see if it forms into a triangle or other such consolidation/continuation pattern on the lower TFs first
Ignored
yo since we are in the frankie session now,we need to see how london play first..market can remain irrational than we think,but nowdays london so boring and NY so horny
If there was easy money lying around,no one would be forcing it into your
 
 
  • Post #2,884
  • Quote
  • Mar 9, 2012 3:45am Mar 9, 2012 3:45am
  •  riko2705
  • | Joined Aug 2009 | Status: Member | 781 Posts
hi all
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  • Post #2,885
  • Quote
  • Mar 9, 2012 11:16am Mar 9, 2012 11:16am
  •  FXMindset
  • | Membership Revoked | Joined Aug 2011 | 7,263 Posts
PoundDollar Outlook
Bearish Pressure - Overal Strong
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If there was easy money lying around,no one would be forcing it into your
 
 
  • Post #2,886
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  • Mar 11, 2012 4:15am Mar 11, 2012 4:15am
  •  Mpt
  • Joined Nov 2009 | Status: Member | 2,582 Posts
Quoting riko2705
Disliked
hi all
Ignored
Hi Riko. Firstly, thanks for the vouch. I actually didn't realise until some weeks ago.

Regarding GJ, yes there there is divergence. And the weekly is looking very stretched on the stochastic. But we've all seen the daily stochastic running stretched for many days in a row, so why not the weekly? Also, its not unusual to see odd divergence in price channels and also most triangles

But, somehow I'm not totally convinced about any huge drop is coming just yet. The weekly 100 ema is up at 131.1 or so and is running completely flat. Also, the other daily EMAs are pointing up, with the 50 ema having already crossed the 200ema and the 50 sma/200 sma cross is getting close. ( Both often bullish indicators)

Maybe I'm just talking rubbish, but IF GJ gets and holds above 131.5 ish (and maybe it won't do it on this attempt - it may well have one more another move down, back to the 126.5 area), then there really is no major resistance above there until the 134 area, then 140 double top and finally the weekly 200EMA and 200SMA that are both descending very quickly. If that were to be the case, then the old expanding triangle idea from last year comes back again and, well, .... lets just see what happens next week.
 
 
  • Post #2,887
  • Quote
  • Mar 11, 2012 4:48am Mar 11, 2012 4:48am
  •  pkimnyc
  • Joined Oct 2007 | Status: Sniper | 14,762 Posts
i've just raise the bar to 10v+ to block some muppets.
mpt and riko, i've just added you guys in my buddy list, so you can post as freely as before.
 
 
  • Post #2,888
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  • Mar 11, 2012 4:55am Mar 11, 2012 4:55am
  •  Mpt
  • Joined Nov 2009 | Status: Member | 2,582 Posts
Quoting pkimnyc
Disliked
i've just raise the bar to 10v+ to block some muppets.
mpt and riko, i've just added you guys in my buddy list, so you can post as freely as before.
Ignored
OK
 
 
  • Post #2,889
  • Quote
  • Mar 11, 2012 3:34pm Mar 11, 2012 3:34pm
  •  riko2705
  • | Joined Aug 2009 | Status: Member | 781 Posts
Quoting Mpt
Disliked
Hi Riko. Firstly, thanks for the vouch. I actually didn't realise until some weeks ago.

Regarding GJ, yes there there is divergence. And the weekly is looking very stretched on the stochastic. But we've all seen the daily stochastic running stretched for many days in a row, so why not the weekly? Also, its not unusual to see odd divergence in price channels and also most triangles

But, somehow I'm not totally convinced about any huge drop is coming just yet. The weekly 100 ema is up at 131.1 or so and is running completely flat....
Ignored
thanks for the wiew mpt.
they are valuable .
sl at high.lets see what happens..
have good days trades.
 
 
  • Post #2,890
  • Quote
  • Mar 11, 2012 3:35pm Mar 11, 2012 3:35pm
  •  riko2705
  • | Joined Aug 2009 | Status: Member | 781 Posts
Quoting pkimnyc
Disliked
i've just raise the bar to 10v+ to block some muppets.
mpt and riko, i've just added you guys in my buddy list, so you can post as freely as before.
Ignored
thank you pk
have good days trades
 
 
  • Post #2,891
  • Quote
  • Mar 11, 2012 6:39pm Mar 11, 2012 6:39pm
  •  pkimnyc
  • Joined Oct 2007 | Status: Sniper | 14,762 Posts
something to think about. euro.
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  • Post #2,892
  • Quote
  • Mar 11, 2012 6:44pm Mar 11, 2012 6:44pm
  •  ba1ker
  • Joined Feb 2010 | Status: Inactive | 6,482 Posts
Quoting pkimnyc
Disliked
i've just raise the bar to 10v+ to block some muppets.
mpt and riko, i've just added you guys in my buddy list, so you can post as freely as before.
Ignored
Muppets on FF... surely not
 
 
  • Post #2,893
  • Quote
  • Mar 11, 2012 7:04pm Mar 11, 2012 7:04pm
  •  Mr.Sabah
  • | Joined Jan 2008 | Status: Member | 278 Posts
GJ already have sign to go down
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  • Post #2,894
  • Quote
  • Mar 11, 2012 7:11pm Mar 11, 2012 7:11pm
  •  ba1ker
  • Joined Feb 2010 | Status: Inactive | 6,482 Posts
Quoting Mr.Sabah
Disliked
GJ already have sign to go down
Ignored
Be careful! Look at UJ shooting for 85!
 
 
  • Post #2,895
  • Quote
  • Mar 11, 2012 7:18pm Mar 11, 2012 7:18pm
  •  pkimnyc
  • Joined Oct 2007 | Status: Sniper | 14,762 Posts
Quoting Mr.Sabah
Disliked
GJ already have sign to go down
Ignored
pb at best, imo. monthly still shows lots of room upstairs. me think.
 
 
  • Post #2,896
  • Quote
  • Mar 11, 2012 7:21pm Mar 11, 2012 7:21pm
  •  Mpt
  • Joined Nov 2009 | Status: Member | 2,582 Posts
Quoting bbakker
Disliked
Be careful! Look at UJ shooting for 85!
Ignored

As posted here the other day, there is a UJ TL coming from 101.3 ~ 95 that turns up again at about 83.9 ish. That might cap it for a retrace
 
 
  • Post #2,897
  • Quote
  • Mar 11, 2012 7:27pm Mar 11, 2012 7:27pm
  •  Mr.Sabah
  • | Joined Jan 2008 | Status: Member | 278 Posts
Quoting bbakker
Disliked
Be careful! Look at UJ shooting for 85!
Ignored

UJ still holding but nearly there i think
Attached Image
 
 
  • Post #2,898
  • Quote
  • Mar 11, 2012 8:03pm Mar 11, 2012 8:03pm
  •  ba1ker
  • Joined Feb 2010 | Status: Inactive | 6,482 Posts
Quoting Mpt
Disliked
As posted here the other day, there is a UJ TL coming from 101.3 ~ 95 that turns up again at about 83.9 ish. That might cap it for a retrace
Ignored

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Didn't have that TL, but I do now... nice confluence with the weekly supply zone.

Have a great trading week!
 
 
  • Post #2,899
  • Quote
  • Mar 12, 2012 2:58am Mar 12, 2012 2:58am
  •  Mpt
  • Joined Nov 2009 | Status: Member | 2,582 Posts
Where I see the resistances and significant other levels on the short term way up (assuming it even gets to break back above 129)

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  • Post #2,900
  • Quote
  • Mar 12, 2012 9:36pm Mar 12, 2012 9:36pm
  •  Mpt
  • Joined Nov 2009 | Status: Member | 2,582 Posts
And a small addition with a TL that I missed earlier.

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