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The perfect trading system

  • #941
  • Dec 18, 2012 9:50am Dec 18, 2012 9:50am
Quoting don555
Mr Chia what is your present analysis on the GBP/USD
i still wait for weekly , daily candle and h4 ,rsi weekly touch 60, 1.6250-1.6300 to sell , JESUS BLESS YOU
  • #942
  • Edited Dec 19, 2012 5:36am Dec 18, 2012 12:19pm | Edited Dec 19, 2012 5:36am
How can we tell in advance where it is going unless we wait for the breakout ?

Click on to enlarge
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-18_1748.jpg Size: 92 KB

Articulate I should have said at the arrowed points is this where I should have entered those trades ?

Mr Chia could you tell which way they were going before the breakouts.
  • #943
  • Dec 18, 2012 8:18pm Dec 18, 2012 8:18pm
Articulate, the GBPJPY has shot up more 1,000 pips since last month. How far do think it can go since the change of the new Japanese government which emphasize on its policies to weaken the yen? Does your 1,000 pips still applicable for all the Yen pairs? Will it still retrace?

Your input/ advice is highly appreciated.

Thank you!
  • #944
  • Dec 19, 2012 4:58pm Dec 19, 2012 4:58pm
Quoting Mr.chia
i still wait for weekly , daily candle and h4 ,rsi weekly touch 60, 1.6250-1.6300 to sell , JESUS BLESS YOU
Hi Mr Chia,

That is good call. I have shot at 1.63, I have took half profit at 50 pips, will let the rest of the trade run, stop loss at break even.

I have been staying at the sideline for the past few months, "licking my wound" and quietly learning from this amazing thread. I have placed a sell limit at 1.63 since then, it has been a long wait for the order to be trigger.

Green pips to all.

Merry Christmas!!!
  • #945
  • Dec 19, 2012 7:16pm Dec 19, 2012 7:16pm
Quoting Spore_Rookie
Hi Mr Chia,

That is good call. I have shot at 1.63, I have took half profit at 50 pips, will let the rest of the trade run, stop loss at break even.

I have been staying at the sideline for the past few months, "licking my wound" and quietly learning from this amazing thread. I have placed a sell limit at 1.63 since then, it has been a long wait for the order to be trigger.

Green pips to all.

Merry Christmas!!!
spoore rookies ,i am glad to hear that, good position for sell, bad news for jpy, i am wait for gbpjpy, just watch daily chart and weekly chart,gbpjpy not given sign for sell yet.
LEARNING 1000pips movement to guarantee your success to trading. MERRY CHRISTMAS EVERBODY. May JESUS bless you
  • #946
  • Dec 20, 2012 3:15pm Dec 20, 2012 3:15pm
spoore rookies ,i am glad to hear that, good position for sell, bad news for jpy, i am wait for gbpjpy, just watch daily chart and weekly chart,gbpjpy not given sign for sell yet.
LEARNING 1000pips movement to guarantee your success to trading. MERRY CHRISTMAS EVERBODY. May JESUS bless you

Mr Chia,

What is your targeted sell price for GBP JPY.

Thank you.
  • #947
  • Dec 20, 2012 3:29pm Dec 20, 2012 3:29pm
Nov 26, 2012 9:17am
http://www.forexfactory.com/images/m...ading_dark.gif skillwill
Member
Member Since Aug 2007
145 Posts

Hi Articulate and Rafiki

I share my analysis on GBP/JPY. I shared previously the weekly chart where I showed the strong trend line that was holding price down and no weekly bar closing above that line (orange line). Price touched the line in April 2011 and March 2012 and could not close above the trend line. We finally got a weekly close above the trend line last week and that says to me as a trader PAY ATTENTION to the broken trend line. If we extend the line further we would note price has been held below that line since August 2009 on the weekly chart (green line). I have attached the updated weekly chart.

Now I attach the daily chart. I cannot show on this chart that no daily candle has closed above this trend line since August 2009. To see it set up the weekly chart like I have shown and then switch to a daily chart. We have had 5 daily candles close above the trend line. That being said here is my analysis.

First, the “big boys” tricked me, again. I don’t get upset anymore when I realize that they have tricked me. I appreciate the fact that I can recognize the “big boys” in the market even if I miss the trade. This year I had longs in the 120 area and 125 area and both times the “big boys” made me close my longs too soon. One day I will get the 1000 pips out of my cycles, but for now I am happy when I get 500 pips.

Cycle#11 began at 124.74/125.00 and current price action says we should get 1000 pips out of this cycle somewhere between 134.74/135.00. This is how I will enter the market based on current price action:

(1) If price comes back down to test the broken trend line I will consider going long for a ride to 134.74/135.00. A daily chart will show possible entry prices for longs if price comes back down to test the trend line. GJ tends to test a broken trend line at least 3 times before continuing its journey, and THIS broken trend line is significant. If I enter positions in this area please note that these trades will not be Class A trades as Articulate has shared. Class A trades would have been in the 125.00 area.

(2) If price does not come back down to test the trend line but goes to 134.74/135.00 I will consider entering shorts for another 1000 pip cycle. If I enter positions in this area these trades will be Class A trades.

For year 2012 I have said that I believe the low for the year is in place at 117.28. The high for the year which is 133.48 I believe should be tested before the end of the year and a new high for year 2012 should be attained. In 2012 from low to high we had 1620 pips thus far. In 2010 and 2011 this pair generated 2522 and 2319 pips respectively. Keep in mind that the 134.74/135.00 area would yield a low to high run of 1746/1772 pips. Because this pair tends to give 1300 to 1500 pips per cycle as stated by Articulate and because this pair has not even hit the average of 2000 pips per year from low to high don’t be surprised if cycle#11 generates more than 1000 pips and goes past 135.00 before another cycle begins.

That is it for now. All the best with your trading.

Skillwill



Hello Skillwill,

You were right about it going past 135 . What entry price you looking for now?
  • #948
  • Dec 20, 2012 7:25pm Dec 20, 2012 7:25pm
Quoting Rafiki
spoore rookies ,i am glad to hear that, good position for sell, bad news for jpy, i am wait for gbpjpy, just watch daily chart and weekly chart,gbpjpy not given sign for sell yet.
LEARNING 1000pips movement to guarantee your success to trading. MERRY CHRISTMAS EVERBODY. May JESUS bless you

Mr Chia,

What is your targeted sell price for GBP JPY.

Thank you.
MY TARGET 140, watch daily and weekly candle for reverse.JBU
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPY3.PNG Size: 235 KB
  • #949
  • Dec 21, 2012 6:01am Dec 21, 2012 6:01am
ARTICULATE, AUDUSD touch 1.0600 (1000pips) , after touch 1.0600 and touch 1.0400 and then continue 1300pips -1500pips or after touch 1.0600 down to 0.9400-0.9600 ? where it's will go???? or we wait after broke 1.0400-1.0600????
nzdusd, finally finishing 1000pips, do you think ready sell for long term???sorry my english not so good. God Bless You
Attached Image(s) (click to enlarge)
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  • #950
  • Dec 25, 2012 10:57am Dec 25, 2012 10:57am
Merry Christmas & Best wishes to all in 2013
  • #951
  • Dec 25, 2012 11:37am Dec 25, 2012 11:37am
Good health, a Merry Chritmas, good luck and a prosperous New Year to all
  • #952
  • Dec 25, 2012 6:58pm Dec 25, 2012 6:58pm
Merry Christmas & Best wishes to all in 2013. May Jesus You All.
  • #953
  • Dec 29, 2012 6:50am Dec 29, 2012 6:50am
COMPLIMENTS OF THE SEASON


I am currently on holiday and shut down my platform for the year since 15th December, 2012. Consequently, I will not be able to share my analysis and view until 2013.

I wish all my friends here the best compliments of the season.
  • #954
  • Jan 6, 2013 8:00am Jan 6, 2013 8:00am
HELLO, HAPPY NEW YEARS, look my 500pips and 200pips chart, GU already to sell, GJ still waiting he he he. Weekly candle is the key. May Jesus Lord Bless You all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU1.JPG Size: 112 KB
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  • #955
  • Jan 7, 2013 11:46am Jan 7, 2013 11:46am
Hi Rafiki

Will post an update within the next 2 to 3 weeks. Out of town at the moment. On a quick note RSI(14) and MACD on higher time frames say we should be heading south BUT there is no confirmation on weekly chart for the south move.

Happy New Year to you and all my trading buddies. Let's make 2013 a good trading year for all by sharing our analysis.

Skillwill
The Will is Greater than the Skill
  • #956
  • Jan 7, 2013 5:49pm Jan 7, 2013 5:49pm
skillwill
<li class="copy">Hi Rafiki

Will post an update within the next 2 to 3 weeks. Out of town at the moment. On a quick note RSI(14) and MACD on higher time frames say we should be heading south BUT there is no confirmation on weekly chart for the south move.

Happy New Year to you and all my trading buddies. Let's make 2013 a good trading year for all by sharing our analysis.

Skillwill
Hello Skillwill,

I raise my glass to that too, let us certainly make 2013 a good trading year for us all.

Cheers!
  • #957
  • Jan 7, 2013 5:51pm Jan 7, 2013 5:51pm
Mr Chia,

Good call on your analysis for GBP USD.

On your 200 pips chart you mark a yellow and a red area, what does this mean?
  • #958
  • Edited 9:14pm Jan 7, 2013 8:31pm | Edited 9:14pm
RAFIKI, RED ZONE is area to sell and Yellow zone area to buy, but confirm with weekly candle, my SL 200-500PIPS, 2%-4%, i give attention for long term, target profit min 200pips . JBU.
  • #959
  • Jan 10, 2013 9:41pm Jan 10, 2013 9:41pm
GBPUSD, RED ZONE, RSI H4 60-70, RSI HI 70-82, short time sell.
  • #960
  • Jan 11, 2013 7:12pm Jan 11, 2013 7:12pm
GBPJPY, touch 144.30, weekly candle still not give sign to sell. i am still waiting.......Jesus Bless You All
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY4.PNG Size: 307 KB
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