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Daily GBP/JPY analysis

  • #16,521
  • Jan 6, 2013 4:49pm Jan 6, 2013 4:49pm
Quoting DaEdge
Yes it missed 165.00 on the weekly. I bought a little yesterday's London session in front of NFP just a small amount around 140.70 area to start so I'm watching Sunday open & will buy small pieces on weakness & hopefully again at some point monday during us session anywhere near 141.00 to 140.25 that range seems like a good spot to buy. Looking to keep average price below 141.00 Risk is clearly defined with stop around 139.60 incase the try to run stops in 140.00 & a little below area then first target 145.00 then 150.00 by early February.
.
http://i1356.photobucket.com/albums/...ps4f58649c.jpg

Zoomed out view 1000 days on the day. The zone between the lines in what I'll be playing for the next few weeks If PA allows.

http://i1356.photobucket.com/albums/...psbade7bcb.jpg

I'm not sure if you can ask for cleaner PA that this, the story it's tell is very obvious. So uniform & orderly.

http://i1356.photobucket.com/albums/...ps57a39563.jpg

The weekly...As long as we keep getting weekly closes above one of the lines on this chart, I will continue to accumulate longs trying to maintain an average price no more than 100 pips above the line & looking to book profits at the next line above.
It works till it doesn't
  • #16,522
  • Jan 6, 2013 5:31pm Jan 6, 2013 5:31pm
Quoting DaEdge
http://i1356.photobucket.com/albums/...ps4f58649c.jpg

Zoomed out view 1000 days on the day. The zone between the lines in what I'll be playing for the next few weeks If PA allows.

http://i1356.photobucket.com/albums/...psbade7bcb.jpg

I'm not sure if you can ask for cleaner PA that this, the story it's tell is very obvious. So uniform & orderly.

http://i1356.photobucket.com/albums/...ps57a39563.jpg

The...

nice charts man, im in now too, ej and gj...waiting for japan markets to open
  • #16,523
  • Jan 6, 2013 11:36pm Jan 6, 2013 11:36pm
Buying some more here
It works till it doesn't
  • #16,524
  • Jan 6, 2013 11:43pm Jan 6, 2013 11:43pm
what about the gap of 24-12-2012???
  • #16,525
  • Jan 6, 2013 11:51pm Jan 6, 2013 11:51pm
Quoting Mr. Monk
what about the gap of 24-12-2012???
Raise your TF & you'll see the gap doesn't exist.
It works till it doesn't
  • #16,526
  • Jan 6, 2013 11:55pm Jan 6, 2013 11:55pm
thanx dude.. but what does TF mean?
  • #16,527
  • Jan 7, 2013 12:01am Jan 7, 2013 12:01am
Quoting Mr. Monk
thanx dude.. but what does TF mean?
TF = timeframe
It works till it doesn't
  • #16,528
  • Edited 8:15am Jan 7, 2013 8:04am | Edited 8:15am
double bottom on 4hr gj if i am not mistaken and/or ascending triangle...
  • #16,529
  • Jan 8, 2013 12:53am Jan 8, 2013 12:53am
Buying more here.
It works till it doesn't
  • #16,530
  • Jan 8, 2013 5:08pm Jan 8, 2013 5:08pm
Gbp vs Jpy (1H) - At the moment, I believe market will perform another bullish continuation trend scenario either refering to the alt counts in yellow or aqua. Otherwise we may see another bearish continuation trend in white.

Gbp vs Jpy (Daily) - Preferably, I believe market in progress to complete a major wave 3. Therefore, I am looking forward to the potential of bearish retracement trend scenario to perform major wave 4 either in yellow or white. Otherwise, we may see an extension of major wave 3 in aqua. Good lucks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 1h.gif Size: 16 KB
Click to Enlarge Name: gj daily.GIF Size: 20 KB
  • #16,531
  • Jan 10, 2013 12:15pm Jan 10, 2013 12:15pm
got into a gj trade at 140.9, we just broke 4hr resistance on this past candle, we gonna fly now.
  • #16,532
  • Jan 10, 2013 6:23pm Jan 10, 2013 6:23pm
Just how far are we gonna fly? I got in at 142.7 and am looking for 145.39. PA is hesitating at 144.16 so I hope there will be a continuation.
  • #16,533
  • Jan 10, 2013 7:23pm Jan 10, 2013 7:23pm
Quoting keysharp
Just how far are we gonna fly? I got in at 142.7 and am looking for 145.39. PA is hesitating at 144.16 so I hope there will be a continuation.
ya im hoping to, it doesn't seem to want to go down either.
  • #16,534
  • Jan 10, 2013 7:48pm Jan 10, 2013 7:48pm
I hope it doesn't go down I took profit and set up another set of trades.
  • #16,535
  • Jan 12, 2013 4:39am Jan 12, 2013 4:39am
Hi Fellow Traders

My bias for next week is up.I don't see any short on this pair for last 3 months.Please,take hind sight from higher time frame before you enter on lower time frame.

Here is my weekly chart.

Thanks and regards
Prakash
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd week-jan.(gbp-jpy).gif Size: 26 KB
I am a hunter...i kill both bulls and bears...
  • #16,536
  • Jan 12, 2013 6:42am Jan 12, 2013 6:42am
Quoting oathbreaker
Hi Fellow Traders

My bias for next week is up.I don't see any short on this pair for last 3 months.Please,take hind sight from higher time frame before you enter on lower time frame.

Here is my weekly chart.

Thanks and regards
Prakash
Prakesh, why oh why do you bother posting such dribble. You say that your bias is long for 3 months. Yet all you do is post simple charts of your buy positions on a weekly chart that everyone else has. It's not YOUR weekly chart. It has no analysis. No reasoning. No logic. Just you pontificating. A total waste of space.

This was one of the few GJ threads on FF where folks would post EW or other reasoned analysis. It's called GBP/JPY ANALYSIS.

And a belated and huge thanks to Jebatfx for keeping it going for so long.
  • #16,537
  • Jan 12, 2013 7:11am Jan 12, 2013 7:11am
Quoting Mpt
Prakesh, why oh why do you bother posting such dribble. You say that your bias is long for 3 months. Yet all you do is post simple charts of your buy positions on a weekly chart that everyone else has. It's not YOUR weekly chart. It has no analysis.
Hello Mpt..

Good to see you around.What do you mean by analysis? u want me to draw some lines(complex methods) and forecast that price will retrace r go further.I am very poor at forecasting.I followed the trend.For last 8 weekly candles, can you see any candle where price closed below the open of previous up bar.There aren't any of those kind of candles.Price was clearly up and price was making higher high every week.Hope you understand what i told you.If not please let me know.I will help you out.If trend is Up you buy and if trend is down you sell.

If wealth is lost nothing is lost.If health is lost something is lost.If behavior is lost everything is lost.Please, respect other individuals.If you don't others,Ignore them.

Regards
Prakash
I am a hunter...i kill both bulls and bears...
  • #16,538
  • Jan 13, 2013 1:17am Jan 13, 2013 1:17am
I apologise if I came across sounding a little harsh.

What lots of people forget on these forums is that, for each person that contributes a post, there are many more who don't but may well follow the "call". Although all the fool them!

It is often the case that those calls can be wrong, but if a little "ANALYSIS" is provided in the post, then a its more a case of "I tried and I got it wrong" than just blindly make a determination.

For what its worth, GJ will run into its next major resistance area at or around 145.3 ~145.8.

--------------------------------------------------------------

145.3 represents the 61.8 retracement 163.9 ~ 116.6.

145.5 ~7 may have channel resistance and also trend line resistance.

145.7~9 is the point at which Elliot waves tell us that this wave MAY complete.

145.5 or so also represents the point at which GJ hits the bottom of the monthly Ichimoku cloud.

GJ may well burst through this resistance, but if not, then we should see a retracement.

------------------------------------------------------------------

A break through this area would probably see 150 next.
  • #16,539
  • Jan 13, 2013 4:24am Jan 13, 2013 4:24am
Hi Mpt(I was also active in GBP/USD thread)

I too apologies if i have sounded harsh.

No one can predict the trend but everyone can follow the trend.I follow the trend(it is that simple).I don't know whether price goes to 150 or turn around in the next week itself.In this business, no one is perfect in entries.You win some and you loose some but we can make only money when win's are more than losses.

I stick to my rule.For this month of Jan. my bias on this pair is up(in the previous monthly candle,price closed above the open of the candle).It doesn't mean every weekly and daily candles are bull candles.

Similarly, for this week my bias is up.so, i will open my position at the starting of the week and check whether my leg survives if it survives then i will stack if not i will take loss and move on.

Regards
Prakash
I am a hunter...i kill both bulls and bears...
  • #16,540
  • Jan 14, 2013 6:15pm Jan 14, 2013 6:15pm
145 here we come
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