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GBP/JPY

Still waiting 175.350 but doesn't look like a top at the moment... Buyers continue to be very strong in spite of the spectre of Scotland's independance...

The length of the first wave is 500 pips 169.50 - 174.50.

If the second wave do the same, we could reach 179.50.

Let see tomorrow how investors feel about the vote...
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Wow!! I am see the same way . But if result is yes then a big move on south?
Learning and Learing
Quoting pladee
Wow!! I am see the same way . But if result is yes then a big move on south?
If the result is yes : sell all that you can !
Quoting Wheathermakr
175.500 is the absolut top with an range to 175.800 .. short in this area..you will thank me later
Remember that ? Now let see prices...

I see a kind of a rising wedge
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GJ Opened a Short Trade: 175.85
No SL, No TP yet

Happy Trades
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 13.2%
Quoting Ata-Turkoglu
GJ Opened a Short Trade: 175.85 No SL, No TP yet Happy Trades
Why short my friend?
Quoting Ata-Turkoglu
GJ Opened a Short Trade: 175.85 No SL, No TP yet Happy Trades
Still short ?

No more daily resistance More complicated to get a target

61.8% expansion touched.

179.50 will be a good point for short if Scottland allows GJ to go this far.
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Quoting priceaction7
{quote} Why short my friend?
Just like Weathermakr oops I meant MaximeCau, I believe too that there was a rising wedge.. but MACD started to show divergence on 1H.. based on this I think bullish power is decreasing.. my final shorting target is 176.80 but till then just wanted to put some shorts here and there just in case price drops suddenly.. because it can happen any time till scottish voting results..

Happy Trades
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 13.2%
Today is big loss/big win day.. you have to get through it.. not to be to happy over big win, neither to sad for big loss.. What a day.. right now we are at nomans land..
Anything can happen.. i was a looser today
Probably the worlds best currency trader.
Quoting Wheathermakr
Today is big loss/big win day.. you have to get through it.. not to be to happy over big win, neither to sad for big loss.. What a day.. right now we are at nomans land.. Anything can happen.. i was a looser today
Throw the word "losing" out of your lexica.. instead use "learning".. there is no losing, only learning.. and therefore if you learn from your mistakes actually then you always win.. no matter what..

Happy Trades
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 13.2%
Quoting Wheathermakr
Today is big loss/big win day.. you have to get through it.. not to be to happy over big win, neither to sad for big loss.. What a day.. right now we are at nomans land.. Anything can happen.. i was a looser today

not exactly no mans land, daily resistance still exist but too far in the past for me. Does anyone can get them ?
Quoting MaximeCau
{quote} Remember that ? Now let see prices... I see a kind of a rising wedge {image}
yes.. price reacted to 175.500.. but it made only 25 pips.. not nearly what i was looking after....
Probably the worlds best currency trader.
will look to short at 699-800
Probably the worlds best currency trader.
Quoting MaximeCau
{quote} not exactly no mans land, daily resistance still exist but too far in the past for me. Does any one can get them ?
I think this can give you a clue Maxime... take a look..

Happy Trades
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Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 13.2%
Quoting Ata-Turkoglu
{quote} I think this can give you a clue Maxime... take a look.. Happy Trades {image}
Perfect, thank you a lot.

179.60 could be the next level, let see if these prices we can see on this old chart still work.

My target is 179.50 so it sounds really good .
Quoting MaximeCau
{quote} Perfect, thank you a lot. 179.60 could be the next level, let see if these prices we can see on this old chart still work
But you will also notice how many times price tested the zone we are now. So that means coming days can be very tough. I am prepared to get pips from both sides till the confirmation for a long rally comes (closely related with Scotland voting "no").. but let's wait and see.. it's just one day left, right?

Happy Trades
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 13.2%
Quoting Wheathermakr
{quote} Im not specialized in weekly/monthly progress, if i had 100mil+ trading account i would trade these conditions.. But just watching the chart.. its an accumulation..and being in the 170zone of happening.. which is not determined by any special support/resistance presence Of previous years.. there could be a big spike.. of 5-6 conseq weeks.. gaining 1000+k pips..trying the 184-186 levels.. i dont know when or how.. but for me long term is long. One must understand why its accumulating to make any kind of predicition.. why in the 170 zone?...
MaximeCau.. read this post i made 4 days ago.. its about that resistance 179.+++ ..
The big resistance is from 179.60-181.00 on Weekly.. there is where i think the first big down trend will start..
But if we break 181.000 start loading longs.. with SL 179.60.. because after that.. there is not much stopping you from making 1,000pips..
Probably the worlds best currency trader.
Quoting Ata-Turkoglu
{quote} Throw the word "losing" out of your lexica.. instead use "learning".. there is no losing, only learning.. and therefore if you learn from your mistakes actually then you always win.. no matter what.. Happy Trades
Probably the worlds best currency trader.
Quoting Ata-Turkoglu
GJ Opened a Short Trade: 175.85 No SL, No TP yet Happy Trades
why didn't you LONG this pair, since yesterday? i see you pending short at 175, but could have longed all the way up eh??
I know you guys are all looking forward to major new highs and they may arrive, but just be careful right here as it starts to hit good resistance.

There is one theory that allows for an even larger rising wedge, with another new low to complete the correction. The theory is negated with a break over 176.9 and I can see that resistance is definitely gone by 176.95/177
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