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  • #19,361
  • May 28, 2014 5:02am May 28, 2014 5:02am
Quoting T@rantula
GBPJPY has broken the intraweek trendline and now logical spot for selling would be a retest which also forms a POC ( point of confluence ) around 171.20-30 zone which consists of broken trendline , fibs and L3 cam level. If it is retested it could proceed down to 170.20 and 169.85,which are most prominent swings now acting as supports. Since we are trading intraday, i advise using trailing stop. {image}
have you got an alternative strategy if it doesn't retest the POC level?? I mean, if it retest just only the 171.00 area.
  • #19,362
  • May 28, 2014 5:38am May 28, 2014 5:38am
Quoting T@rantula
GBPJPY has broken the intraweek trendline and now logical spot for selling would be a retest which also forms a POC ( point of confluence ) around 171.20-30 zone which consists of broken trendline , fibs and L3 cam level. If it is retested it could proceed down to 170.20 and 169.85,which are most prominent swings now acting as supports. Since we are trading intraday, i advise using trailing stop. {image}
Hello Tarantula, hope that everything is well... I'm afraid that sellers entered yesterday and now price would be quite low to join in...
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"A handful of patience is worth more than a bushel of brains"
  • #19,363
  • May 28, 2014 5:45am May 28, 2014 5:45am
Quoting Lavanda
{quote} have you got an alternative strategy if it doesn't retest the POC level?? I mean, if it retest just only the 171.00 area.
Possibly 171.00 on low momentum. yes.
  • #19,364
  • May 28, 2014 5:46am May 28, 2014 5:46am
Quoting Iron Pawn
{quote} Hello Tarantula, hope that everything is well... I'm afraid that sellers entered yesterday and now price would be quite low to join in... {image}
I agree. i wont join unless i see a nice pullback. Its too low now.
  • #19,365
  • May 28, 2014 7:56am May 28, 2014 7:56am
First target has just been hit, but the price didnt get to POC.
  • #19,366
  • May 28, 2014 8:16am May 28, 2014 8:16am
Short term EURJPY is bearish. There is still a room to the next support which resides at 138.10-15 region. Pullback to 138.65-75 region where previous buyers are could be good for shorting opportunities. Broken trendline, fib an L4 level are making a confluence there for short setups.

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  • #19,367
  • May 28, 2014 9:35am May 28, 2014 9:35am
Quoting Toranaga
Hi. Me again and the GBP/JPY Daily.. Still very interesting constellation at the moment. Wait for a clearer picture or a *** with a small Lot and double up the Lot if the trade goes in your direction. imo :nerd: Have a nice week, except the people at Balkans who are underwater. Every $ counts.. http://www.redcross.org.uk/Donate-No...-Floods-Appeal {image} {image} {image} {image} {image} {image}
What did i said ?

But the problem is, i missed my own call ?!?

Simply forgot it..

Have to reduce the pairs i watch and be more structured..

Whats amazing, have a look at the last pic.
The 20+ years old trend line and how the price lays exactly on it
and then, jump to the South, when finally broken. In H4 !!
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  • #19,368
  • May 28, 2014 9:44am May 28, 2014 9:44am
Btw. Imo. Now a bounce could be expected here (Orange circle). Or not.
Or maybe a short stop at lower time frames..

Worth to watch it, for all who trade. Me not.
Its holiday tomorrow in Germany and then Friday. Im out for this week.

Greets..
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  • #19,369
  • May 28, 2014 9:46am May 28, 2014 9:46am
Quoting T@rantula
Short term EURJPY is bearish. There is still a room to the next support which resides at 138.10-15 region. Pullback to 138.65-75 region where previous buyers are could be good for shorting opportunities. Broken trendline, fib an L4 level are making a confluence there for short setups. {image}
First target zone has almost been hit.
  • #19,370
  • May 28, 2014 11:43am May 28, 2014 11:43am
Aud has major support in the 9200 zone.
The retracement uptill now could hardly reach the 38.2 level , indicating that the downtrend is strong.
If this turns out to be a simple ABC structure then a break of 9200 will bring the price to the 9070 zone and may be even beyond this zone.
If we breakout of this consolidation to the upside ,the 50-61.8 fib zone is most likely reached ( a lot of confluence around 9330 )
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  • #19,371
  • May 29, 2014 2:36am May 29, 2014 2:36am
at this moment got 2 entries first 15 pibs second more 10 pibs on 1h trent , but i think the best is comingonce broke flat line down
it wase everithing in place line of descending trianglo and stocastic oversold it gives very good probability waith entre win out
this forum as open my eyes thanks tarantula ansious to make some webbinaries whit you a hug to everyone from berlin today
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Scalping
  • #19,372
  • May 29, 2014 3:14am May 29, 2014 3:14am
EURUSD stands in the middle of a broken head and shoulders and Regular bullish divergence. That is a CLINCH position and we have to watch important levels for possible breakout setups in absence of intraday positioning. 3580 stands as important support as the failure of the level will negate bullish divergence which may form a counter trend breakout pattern first retesting the trendline. In the case when 3580 is broken first breakout target is 3565 zone. If 3580 holds 3620 and 3640 is possible. Volatility is thin due to bank holidays and later USA GDP numbers will raise the volatility.
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  • #19,373
  • May 29, 2014 3:21am May 29, 2014 3:21am
A swiss long ( only small position.)
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  • #19,374
  • May 29, 2014 3:53am May 29, 2014 3:53am
Quoting T@rantula
EURUSD stands in the middle of a broken head and shoulders and Regular bullish divergence. That is a CLINCH position and we have to watch important levels for possible breakout setups in absence of intraday positioning. 3580 stands as important support as the failure of the level will negate bullish divergence which may form a counter trend breakout pattern first retesting the trendline. In the case when 3580 is broken first breakout target is 3565 zone. If 3580 holds 3620 and 3640 is possible. Volatility is thin due to bank holidays and later USA...
  • #19,375
  • May 29, 2014 7:05am May 29, 2014 7:05am
AUDUSD has formed a broadening top or megaphone pattern. That’s why it was hard to trend setups last week. Now as AUDUSD is supported by fundamentals we can see that the breakout of previous double top was successful. 9275-60 region could provide buying opportunities. As there is a confluence of last swing fib, previous double top and H4 level now acting as a support . Target is 9330 Megaphone Top.

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  • #19,376
  • May 29, 2014 9:47am May 29, 2014 9:47am
Quoting T@rantula
AUDUSD has formed a broadening top or megaphone pattern. That’s why it was hard to trend setups last week. Now as AUDUSD is supported by fundamentals we can see that the breakout of previous double top was successful. 9275-60 region could provide buying opportunities. As there is a confluence of last swing fib, previous double top and H4 level now acting as a support . Target is 9330 Megaphone Top. {image}

+15 currently a perfect rejection to the pip off 9275.
  • #19,377
  • May 30, 2014 4:00am May 30, 2014 4:00am
Quoting T@rantula
AUDUSD has formed a broadening top or megaphone pattern. That’s why it was hard to trend setups last week. Now as AUDUSD is supported by fundamentals we can see that the breakout of previous double top was successful. 9275-60 region could provide buying opportunities. As there is a confluence of last swing fib, previous double top and H4 level now acting as a support . Target is 9330 Megaphone Top. {image}
The target has been hit!
  • #19,378
  • May 30, 2014 8:25am May 30, 2014 8:25am
Today is the trading month's end and we have a possibility to search for a possible short entries on gbpusd. 6770-6780 is POC region where we see intraweek fib confluence along with previous double bottom and h5 cam level. As long as 6805 isnt broken GBPUSD might be trading towards 6710-6695.

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  • #19,379
  • May 30, 2014 11:31am May 30, 2014 11:31am
Quoting T@rantula
Today is the trading month's end and we have a possibility to search for a possible short entries on gbpusd. 6770-6780 is POC region where we see intraweek fib confluence along with previous double bottom and h5 cam level. As long as 6805 isnt broken GBPUSD might be trading towards 6710-6695. {image}
+15 pip currently EOD.
  • #19,380
  • May 30, 2014 3:49pm May 30, 2014 3:49pm
y have to say very very nace forum clean charts reason to entry reason so stop everithing logical simple .
thanks tarantura
Scalping
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