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GBP/JPY

  • #661
  • Nov 24, 2012 8:13am Nov 24, 2012 8:13am
Quoting gentlelove30
Dear friends...What are your expectations for the Yen (JPY) next week 26 November to 1 December 2012 ? Any ideas are appreciated
It will go north to 133.50 / 135.00 without retracement.
  • #662
  • Nov 24, 2012 2:20pm Nov 24, 2012 2:20pm
Quoting etabeta
It will go north to 133.50 / 135.00 without retracement.
Really?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #663
  • Nov 24, 2012 2:22pm Nov 24, 2012 2:22pm
Quoting etabeta
It will go north to 133.50 / 135.00 without retracement.
Really? I wish you luck, you'll need a lot of it.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #664
  • Nov 24, 2012 6:00pm Nov 24, 2012 6:00pm
Quoting KillerWhale
Really? I wish you luck, you'll need a lot of it.
Good to see you back here. I agree with your sentiment. I was on here for the last few weeks calling a reversal pattern, but maybe my timing was just out (a little ).

I still suspect it'll happen a little like the blue lines show, but it really could still turn around and head north at around 129 (orange line). Either way, we will probably see 129 again.

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  • #665
  • Nov 24, 2012 7:05pm Nov 24, 2012 7:05pm
Quoting KillerWhale
Really? I wish you luck, you'll need a lot of it.
Thank you.
  • #666
  • Nov 24, 2012 7:57pm Nov 24, 2012 7:57pm
heavily manipulated
  • #667
  • Nov 24, 2012 8:37pm Nov 24, 2012 8:37pm
Quoting Mpt
Good to see you back here. I agree with your sentiment. I was on here for the last few weeks calling a reversal pattern, but maybe my timing was just out (a little ).

I still suspect it'll happen a little like the blue lines show, but it really could still turn around and head north at around 129 (orange line). Either way, we will probably see 129 again.

Attachment
I want to see it going back to 128
  • #668
  • Nov 25, 2012 10:20am Nov 25, 2012 10:20am
Quoting KillerWhale
Really? I wish you luck, you'll need a lot of it.
Forex and luck are like night and day: they'll never be in the same place.

Actually I don't see sign of reversing so there is no reason to think that it will reverse.

When there will be a sign of reverse (could be tomorrow or nextmonths) should go to 129.70
  • #669
  • Nov 25, 2012 10:22am Nov 25, 2012 10:22am
Quoting trexy123
heavily manipulated
who manipulate? in what meaning?
  • #670
  • Nov 25, 2012 1:31pm Nov 25, 2012 1:31pm
Quoting tashkent
hi, did you cover your longs? i f you remember i advised you to keep some amount of your longs. all TFs are too bullish starting with monthly.
trying to scalp today took many losses. it is not for me. now i am back to my intraday trading.
i do not use crosses but interested in pinbars and dojis, but they seem dont work as a reversal in trending market. now i will use them only for confirmation end of bounce. for example trend is down and it bounces then forms pin bar, this is sign of continuation. now look at this pair...
Well, the Friday morning descent hit my SL profit and I cashed in 580 cumulative pips on the risk account (to bad I didn't close the trades earlier on Thursday on the spike up, but I lost internet at work and you can't do much analyses on the mobile phone), so my head doesn't hurt so much from losing 150 pips on Friday.

And no, I didn't left any long trades open, but I'll will develop some rules for the next time. It seems I have a sort of ADD (Attention Deficit Disorder). I mean I am using certain EMAs as a dynamic resistance/support and somehow I didn't see 20 EMA at 4H chart. Should I have put SL profit 27 pips below where it was I would NOW still be cumulative 300 pips extra in profit. I learn something new every day...

If the top will hold I was thinking about the development the same as Mpt. So I am already short from the top of the recent move, minimum SL.
  • #671
  • Nov 25, 2012 1:42pm Nov 25, 2012 1:42pm
Quoting etabeta
The fundamental view is increasing importance and it will be very important for next months (as several analist said)
So there will be panic selling of YEN and no important retracement (forget 129.0 for months)


I'm not looking to short:too dangerous.
Well, I am not a pro, but if the top holds I would say 127 area in 3 weeks and 123 area in 3 months. What would you say, if the top holds?
  • #672
  • Nov 25, 2012 2:00pm Nov 25, 2012 2:00pm
Quoting Mpt
You're an ema only kind of guy. Have you noticed your big happy friendly 50 SMA monthly inbound? It so much wants to be friends and join the action. It's come a LONG way since way back at 213.5.
No, no, I see myself mainly as a Price Action guy, but GBPJPY many times disregards PA. I do use EMAs as a dynamic pivots and general direction help, but I don't trade EMAs in the sense of the specific strategy. They represent maybe 20% vote at the decision making. I don't use 50 SMA, but since you mentioned it, it is in very close distance to the EMA that I do use on the weekly chart (about 40 pip below the 50 SMA monthly). Honestly I would prefer for a market to copy two red moves from several weeks ago and don't just go ballistic up.
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  • #673
  • Nov 25, 2012 2:55pm Nov 25, 2012 2:55pm
Quoting IndigoPingvi
Well, I am not a pro, but if the top holds I would say 127 area in 3 weeks and 123 area in 3 months. What would you say, if the top holds?
The top is faraway (133.50 or 135.00)
If it holds we could have a trading range between 135.00 and 132.00 for a while.

Don't forget that tonight we have some BOJ speaks. BOJ will not deny further easing, and it will push yen south. (and gbp/jpy north)
Monday could be very directional... to the north.
  • #674
  • Nov 25, 2012 3:23pm Nov 25, 2012 3:23pm
Quoting etabeta
The top is faraway (133.50 or 135.00)
If it holds we could have a trading range between 135.00 and 132.00 for a while.

Don't forget that tonight we have some BOJ speaks. BOJ will not deny further easing, and it will push yen south. (and gbp/jpy north)
Monday could be very directional... to the north.
I agree with you. This week is loaded with fundamentals that IMO will keep pushing Yen pairs to the north.

Hopefully, we're gonna make fortunes!
  • #675
  • Nov 25, 2012 6:30pm Nov 25, 2012 6:30pm
Quoting KillerWhale
Really? I wish you luck, you'll need a lot of it.
Thank you from me too.
  • #676
  • Nov 25, 2012 6:34pm Nov 25, 2012 6:34pm
Quoting pabloski
Thank you from me too.
too early my friend, too early...
As Above, So Below
  • #677
  • Nov 25, 2012 6:36pm Nov 25, 2012 6:36pm
Quoting etabeta
It will go north to 133.50 / 135.00 without retracement.
You are correct..
Target is 138 range
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #678
  • Nov 25, 2012 7:09pm Nov 25, 2012 7:09pm
Quoting tashkent
too early my friend, too early...
If you say I'm talking too early, then you are too, my friend.
  • #679
  • Nov 25, 2012 7:14pm Nov 25, 2012 7:14pm
Quoting pabloski
If I'm talking too early, then you are too, my friend.
no offense intended my friend.
it is at a critical point. let's just watch what is going to happen.
As Above, So Below
  • #680
  • Nov 25, 2012 7:32pm Nov 25, 2012 7:32pm
Quoting tashkent
no offense intended my friend.
it is at a critical point. let's just watch what is going to happen.
Of course! I'm not offended. But I don't like not constructive posts like this one: http://www.forexfactory.com/showthre...85#post6228185
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