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GBP/JPY

  • #1,061
  • Jan 27, 2014 5:03am Jan 27, 2014 5:03am
GBPJPY 15min Setup 27th Jan, 2014 (Monday)
http://3.bp.blogspot.com/-ODHYl86gCY...1-27_20-51.jpg

Have a sell pending order at the blue zone in my chart stops above red zone, profit zone is green
Please take partial profit when reached 1.5 profit to risk or price hitting fib levels

  1. Confluence levels

    1. weekly pivot
    2. Around 50% and 61.8% retrace fib level
    3. Fib ext of 127.2% from swing from today
    4. Fib Ext inverse of 161.8% retrace of today

  2. 1hr chart stochastic Divergence

Only the strong survives!
  • #1,062
  • Jan 27, 2014 9:57am Jan 27, 2014 9:57am
Quoting htsang
GBPJPY 15min Setup 27th Jan, 2014 (Monday) {image} Have a sell pending order at the blue zone in my chart stops above red zone, profit zone is green Please take partial profit when reached 1.5 profit to risk or price hitting fib levels Confluence levels weekly pivot Around 50% and 61.8% retrace fib level Fib ext of 127.2% from swing from today Fib Ext inverse of 161.8% retrace of today 1hr chart stochastic Divergence
Trade successful
With 70pips and take profit closing 80% of trade size, leaving rest to run risk free

http://4.bp.blogspot.com/-IAJHI8u_8U...1-27_20-51.jpg
Only the strong survives!
  • #1,063
  • Jan 27, 2014 11:40pm Jan 27, 2014 11:40pm
GBPJPY Trade Setup for 28th Jan, 2014 Tuesday

http://2.bp.blogspot.com/-LDHauL-Ghn...1-28_14-16.jpg
Please note we have GBP news later today
Scenario - If data comes up above average / slightly positive

  1. The second counter trend would be a nice one to take which would line up with fib confluence together with ADR range as well as a Supply and Demand level.

  1. First counter trend will only take if price gets there 2 hours prior to news event

Risk Level Medium

Tips -
Always take note of any economical news event on our provided calender belo

Only the strong survives!
  • #1,064
  • Jan 29, 2014 9:32pm Jan 29, 2014 9:32pm
GBPJPY Outlook and Trade Setup for 30th Jan, 2014
Daily Chart
http://1.bp.blogspot.com/-kk8sy4bkgm...1-30_12-48.jpg

  1. Our bias remains the same as analysis from Monday
  2. Will be interested to get long when reached support buy zones

Hourly Chart
http://1.bp.blogspot.com/-48Fq-JTAhN...1-30_12-48.jpg

  1. We saw rejection from the 61.8% fib retrace, which also was my scalp short entry on my monday's analysis. I know many traders who have got in short there as a classic setup of a fib 61.8.
  2. After three days of data since Monday's analysis, I have been able to setup our next counter trade zones. This is more like a scalp rather than a long term trade. However this could be the area where it will go higher, so, keep a very small portion on if you see the same

Outlook Trade opportunity
Please see Hourly chart for Long trade


Risk Level Low

Tips -
Always take note of any economical news event on our provided calender below

Only the strong survives!
  • #1,065
  • Feb 2, 2014 7:13pm Feb 2, 2014 7:13pm
GBPJPY Outlook & Trade Setup for the week 3rd - 7th February 2014


Monthly Chart

http://4.bp.blogspot.com/-cLhIRg-7gG...2-03_10-32.jpg



  1. On the monthly price has rejected in January from the 61.8 retrace / 127.2 fib ext reverse



Weekly Chart

http://1.bp.blogspot.com/-CHCgWQD2hf...2-03_10-32.jpg

  1. Last weeks candle is very negative
  2. Stochastic shows oversold


Daily Chart

http://3.bp.blogspot.com/--Ly-Nt2rNZ...2-03_10-32.jpg

  1. Daily we have closed at weekly lows
  2. A retrace should give us a opportunity to short to find our next support


Hourly Chart



http://1.bp.blogspot.com/-h0vwNZe4D-...2-03_10-32.jpg


http://1.bp.blogspot.com/-iLvTkSPDtc...2-03_10-32.jpg


  1. We have a buy in a and a sell setup


Outlook Trade opportunity

Please check the H1 and H4 chart for our buy and sell setup

Risk Level Low - Medium


Tips -

Always take note of any economical news event on our provided calender below

Only the strong survives!
  • #1,066
  • Feb 3, 2014 6:26am Feb 3, 2014 6:26am
GBPJPY Monday failed trade example + Next trade setup


The earlier trade setup for a buy has failed, and stopped out.

http://3.bp.blogspot.com/-qsk-Q8HhWn...2-03_10-32.jpg

I was in front of the computer screen during this time and adjusted my fibs and saw price reject from the fib ext 127.2 from the 23rd to 27th of Jan swing . Therefore waiting for confirmation on a 5 minute chart, i got in my longs, to cover my earlier loss of my trade

Below shows my entry on my live mt4 platform, and also my potential target for a counter buy

http://1.bp.blogspot.com/-VhOSy0XPWH...+new+trade.jpg
Only the strong survives!
  • #1,067
  • Feb 4, 2014 7:16am Feb 4, 2014 7:16am
As per my post above, trade setup for counter move filled earlier and took profits already at 160pips

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY 2014-02-04_23-15.jpg Size: 147 KB
Only the strong survives!
  • #1,068
  • Feb 4, 2014 10:01am Feb 4, 2014 10:01am
my meta trader very busy, how this happen?
  • #1,069
  • Feb 10, 2014 2:48am Feb 10, 2014 2:48am
GBPJPY Trade Setup & Forecast for the week 10th Feb, 2014


Weekly Chart

http://2.bp.blogspot.com/-zh9ghUEiLe...2-10_10-20.jpg



Daily Chart

http://3.bp.blogspot.com/-BPuRQ0_MIh...2-10_10-20.jpg



Hourly Chart


http://2.bp.blogspot.com/-mzbqmlWOwF...2-10_10-20.jpg


Outlook Trade opportunity

Our Long trade setup from last week was successful with gains up to 400 pips. My bias however we should continue the bearish momentum for one more low before any continuation to the upside.
Therefore my Short trade setup would be at the 127.2 ext of last weeks range and which also is around the 61.8 retrace from the leg down (from 23rd Jan)

Risk is high because if you look at the weekly chart, last weeks candle is a strong pin bar
Risk Level HIGH -
Only the strong survives!
  • #1,070
  • Feb 17, 2014 12:25am Feb 17, 2014 12:25am
GBPJPY Trade Setup & Forecast for the week 17th Feb, 2014


Weekly Chart

http://4.bp.blogspot.com/-pyqBCC37tj...2-17_14-24.jpg


After the pin bar 2 wks ago, bullish momentum respected the price action from the support and stochastic respecting this idea. MACD however is not in the same wave length , and is crossing into bearishDaily Chart


http://4.bp.blogspot.com/-5jcKdJVZGP...2-17_14-24.jpg

  1. Trading into bottom of the ascending trend line which we broke - which could become resistance
  2. Trading into the 61.8 retrace and if we look at the ichimuko clouds, we are trading in the clouds but heading to the top of the clouds (resis)
  3. Stochastic is overbought

Heading into resistance , would look at opportunity to short

Hourly Chart


http://2.bp.blogspot.com/-XiD92kyJoL...2-17_14-24.jpg

  1. Currently price is seeing some reaction from the 61.8 level however because this level is too close to the support, i am not comfortable opening short trades unless a quick scalp
  2. I have two short trades (blue and black), - blue is also a supply and demand trade


Outlook Trade opportunity

I would be looking at price action at both of these levels before placing counter trades. This is because price action wise it is still in a very bullish momentum.
If however prices goes to my sell area, macd and stochastic should be diverging which gives it more reason to short it (for a small profit 1:1 or 1:2)

Risk Level Medium And High


Tips -

Always take note of any economical news event on our provided calender below

Only the strong survives!
  • #1,071
  • Feb 17, 2014 12:48am Feb 17, 2014 12:48am
Quoting htsang
GBPJPY Trade Setup & Forecast for the week 17th Feb, 2014 Weekly Chart {image} After the pin bar 2 wks ago, bullish momentum respected the price action from the support and stochastic respecting this idea. MACD however is not in the same wave length , and is crossing into bearishDaily Chart {image} Trading into bottom of the ascending trend line which we broke - which could become resistance Trading into the 61.8 retrace and if we look at the ichimuko clouds, we are trading in the clouds but heading to the top of the clouds (resis) Stochastic is...
Good work !!!
  • #1,072
  • Feb 24, 2014 5:26am Feb 24, 2014 5:26am
GBPJPY Forecast and Trade Setup for the week 24th Feb, 2014

Weekly Chart
http://3.bp.blogspot.com/-NpGqSwqr28...2-24_15-23.jpg

 

  1. Weekly performed a doji candle - a sign of uncertainty

Daily Chart
http://1.bp.blogspot.com/-nl7vY3tWB1...2-24_15-23.jpg

 

  1. Reached 2 trendlines / potential resistance and rejected from there giving us a pin bar candlestick pattern.


Hourly Chart
http://2.bp.blogspot.com/-saJ2RIr9cm...2-24_15-23.jpg
While writing this blog, i could see that there WAS a Bearish Cypher on the h4 chart which worked well with hitting minimum targets of this pattern. Anyway, it is too late to play this pattern.

With the Doji from Last week's candle - there could be good opportunity for scalps or range play while the market work itself out for the next move.
Outlook Trade opportunity
Please see hourly Chart, - I have a buy and a sell trade setup


Risk Level Medium

Tips -
Always take note of any economical news event on our provided calender below

Only the strong survives!
  • #1,073
  • Feb 28, 2014 10:49am Feb 28, 2014 10:49am
entry short at 1708x tp 1703x, any body prevent?
  • #1,074
  • Mar 2, 2014 9:09am Mar 2, 2014 9:09am
Up or Down - You decide.

http://i61.tinypic.com/2vn44fo.png
Trade what you see, not what you think.
  • #1,075
  • Mar 3, 2014 2:36pm Mar 3, 2014 2:36pm
There is a hangin man candlestick pattern on 27.02.2014. It is below the ichi cloud. After that price deeply enter the cloud. Short movement can be possible. Momentum is also below zero level. I will try it.

http://i.imgur.com/NpqMmRf.png
  • #1,076
  • Mar 5, 2014 3:50am Mar 5, 2014 3:50am
Maybe up?


Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy531.PNG Size: 27 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy53.PNG Size: 32 KB
  • #1,077
  • Mar 5, 2014 1:33pm Mar 5, 2014 1:33pm
short target 165 before the end of the month
  • #1,078
  • Mar 9, 2014 11:51pm Mar 9, 2014 11:51pm
TL broken to the upside, trading above Gann hilo and QQE crossed upwards, more potential for upward movement as long as it trades above 171 level.

http://i60.tinypic.com/2vjuauc.png
Trade what you see, not what you think.
  • #1,079
  • Mar 10, 2014 4:37am Mar 10, 2014 4:37am
I'm long on the GBPJPY

my indicator shows a 4 bar intensity in GREEN bg
Attached Image
  • #1,080
  • Mar 10, 2014 9:20am Mar 10, 2014 9:20am
Since the over night Asia news its been a great chart so far. Clear, strong movements on my chart. I've banked +80 for the day and called it. How is everyone doing?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2014-03-10 at 14.18.26.png Size: 241 KB
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