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GBP/JPY

  • #1,161
  • May 14, 2014 7:15am May 14, 2014 7:15am
Quoting hussin naiji
Karmo i am with bear camp GJ . my short 172.74 t/p and s/l open
i have closed my position with 170.70
  • #1,162
  • May 15, 2014 8:22am May 15, 2014 8:22am
It is bouncing off the support. But it needs to break 171.00 area....
Intraday only.
  • #1,163
  • May 15, 2014 10:35am May 15, 2014 10:35am
there are 2 reasons that I think correction started in GBP/JPY on Daily chart

#1 Price broke down and closed onder trend's support line(which was started in Aug2012)
#2 Price broke down triange which was formed from Jan2014 till now(and 5 times couldnt broke up)

I think both of the reasons confirmed
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  • #1,164
  • May 15, 2014 11:12am May 15, 2014 11:12am
I'd like to see 169.85 first, and then from there it goes sideways for a while, ranging ± 30 pips ... but http://cdn.kaskus.com/images/smilies/angel1.gif
  • #1,165
  • May 16, 2014 4:54am May 16, 2014 4:54am
next Monday we get #3 confirmation on Weekly chart if price is closed under trend line today
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  • #1,166
  • May 16, 2014 10:37pm May 16, 2014 10:37pm
Quoting Algorithmus
next Monday we get #3 confirmation on Weekly chart if price is closed under trend line today {image}
do you have any reason to back up your target level? I don't see why the 164.00 target zone isn't something you would have interest in. At least it's somewhat reasonable, don't u think so? =)
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #1,167
  • May 17, 2014 12:12am May 17, 2014 12:12am
This is a tough one. I believe the Cable may retest 1.7 again which may create temporary enthusiasm for GBP/JPY. This doubt has caused me to take pause in trading this pair and I'm sure I'll regret wimping out.

To summarize I believe we will do 173 once more before close of month
  • #1,168
  • May 17, 2014 2:09am May 17, 2014 2:09am
Quoting FXSayWhat
{quote} do you have any reason to back up your target level? I don't see why the 164.00 target zone isn't something you would have interest in. At least it's somewhat reasonable, don't u think so? =)
164.00 is my target #3, before this target we neet to broke down 169.30 and 167.67, they are strong supports on daily chart

these are all my technical reasons

Next week will be fundamentally important week, if during all next week bears can beat bulls then this technical reasons will be confirmed with fundamentals

Next week on wednesday I wait BoJ Press conference and BOE minutes, and we will see Asia leaders meeting in China ...

If at the end of next week bears winn it will be fundamental confirmation of deep correction for me and it will be time to buy Jack Daniels

Good luck!
  • #1,169
  • May 17, 2014 5:31am May 17, 2014 5:31am
Quoting Algorithmus
{quote} 164.00 is my target #3, before this target we neet to broke down 169.30 and 167.67, they are strong supports on daily chart these are all my technical reasons Next week will be fundamentally important week, if during all next week bears can beat bulls then this technical reasons will be confirmed with fundamentals Next week on wednesday I wait BoJ Press conference and BOE minutes, and we will see Asia leaders meeting in China ... If at the end of next week bears winn it will be fundamental confirmation of deep correction for me and it will...
These are the solid reasons I would agree on too.

I was just curious since i saw your target is all the way down at middle of the chart.

yup, good luck.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #1,170
  • May 17, 2014 1:37pm May 17, 2014 1:37pm
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  • #1,171
  • May 18, 2014 11:32am May 18, 2014 11:32am
Quoting Algorithmus
next Monday we get #3 confirmation on Weekly chart if price is closed under trend line today {image}
Algorithmus,
The trendlines are subjective and imaginary, and alone will not serve to make trading decisions.
Regards.
Check your emotions. How are you?
  • #1,172
  • May 19, 2014 4:51am May 19, 2014 4:51am
Quoting Repsaj
{quote} Algorithmus, The trendlines are subjective and imaginary, and alone will not serve to make trading decisions. Regards.



Hi Repsaj,

Yes of course, trendiness are subjective and imaginary, so are indicators and theories, They all only serve as tools for determining or anticipating, where prices are supposed or likely to go, and they all can fail, hence there are strategies to deal with it., i.e., if trade fails, try it again or do the reverse; or else, if trade is right, ride on it. Important things are, apply SL/TP; use MM, i.e. count ratio of (agreed) risk to balance; set TP higher than SL, and more. It seems that all decisions are made in accord with or depends on one’s experience; perception; intuition; and trading hours, like flying hours in aviation, the more , the better.
So, I think it’s better to do more practicing than to have a real trading account early

FYI, I don’t use indicators, but lines only.

Best 2U
http://cdn.kaskus.com/images/smilies/angel1.gif
  • #1,173
  • May 19, 2014 5:44am May 19, 2014 5:44am
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????
  • #1,174
  • May 19, 2014 5:53am May 19, 2014 5:53am
Quoting Nightingales
{quote} Hi Repsaj, Yes of course, trendiness are subjective and imaginary, so are indicators and theories, They all only serve as tools for determining or anticipating, where prices are supposed or likely to go, and they all can fail, hence there are strategies to deal with it., i.e., if trade fails, try it again or do the reverse; or else, if trade is right, ride on it. Important things are, apply SL/TP; use MM, i.e. count ratio of (agreed) risk to balance; set TP higher than SL, and more. It seems that all decisions are made in accord with or...
I respect your opinion but I think you have to take into account more signs besides the trendlines. For example, what happens in higher timeframes. For example count the waves, look at the volume of transactions, areas of demand, supply areas, etc. .. Otherwise I agree on everything you said.
Check your emotions. How are you?
  • #1,175
  • May 19, 2014 6:08am May 19, 2014 6:08am
I find trend lines a very useful "addition" to the picture. If they're drawn correctly that is.
Ghost Rider - WWTBMD?
  • #1,176
  • Edited 8:31am May 19, 2014 8:08am | Edited 8:31am
we have tasted psyhologically important level 170 today, but couldnt brake it yet

it is time to correction back to level 171.50 (i think reason of this correction is coward bears profit taking)...
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  • #1,177
  • May 19, 2014 9:11am May 19, 2014 9:11am
Quoting Repsaj
{quote} I respect your opinion but I think you have to take into account more signs besides the trendlines. For example, what happens in higher timeframes. For example count the waves, look at the volume of transactions, areas of demand, supply areas, etc. .. Otherwise I agree on everything you said.

I should have written that the “lines only” that I'm using are including trend-lines and horizontal-lines.

Yes, certainly, I also use things you've written as long as necessary. I therefore agree with everything you have written.

With Respect,
And Thanks

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

Debería haber escrito que los "únicos líneas" que estoy usando líneas que están incluyendo líneas de tendencia y líneas horizontales.

Sí, por supuesto, yo también uso las cosas que has escrito, siempre y cuando sea necesario. Por lo tanto, estoy de acuerdo con todo lo que ha escrito.

Con Respeto,
y Gracias

http://cdn.kaskus.com/images/smilies/angel1.gif
  • #1,178
  • May 21, 2014 1:59am May 21, 2014 1:59am
Quoting Nightingales
I'd like to see 169.85 first, and then from there it goes sideways for a while, ranging ± 30 pips ... but {image}



Seen...


http://cdn.kaskus.com/images/smilies/angel1.gif
  • #1,179
  • May 24, 2014 1:57am May 24, 2014 1:57am
Where will we go from here ...?
going down 51% possibility
going up 49% possibility
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  • #1,180
  • Edited 8:16am May 28, 2014 7:56am | Edited 8:16am
BE CAREFUL!!! This may be a falling knife ...
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