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GBP/JPY

  • #1,741
  • Oct 12, 2014 10:36pm Oct 12, 2014 10:36pm
of course, if price breaks through that area decisively, support turns into resistance, etc, etc
  • #1,742
  • Oct 13, 2014 3:32am Oct 13, 2014 3:32am
Quoting XNAdam
of course, if price breaks through that area decisively, support turns into resistance, etc, etc
Let's have the link to the number? Your hybrid pin bar worked/played out. Are you going to trade it?
Gone to a better place
  • #1,743
  • Oct 13, 2014 4:38am Oct 13, 2014 4:38am
Looking @ 171.56 for a long
  • #1,744
  • Oct 13, 2014 7:25am Oct 13, 2014 7:25am
Quoting smikester
{quote} Let's have the link to the number? Your hybrid pin bar worked/played out.
Hey, yeah sorry for not including it earlier, was on my way to bed.

Here's the post where I explain my interest in 171.75-ish area, specifically point 7, but all the rest sets up the framework.

I'm currently bearish, but price at that level might shoot up. I'll look to price action to confirm.


Quoting smikester
{quote} Are you going to trade it?
yeah, I'm currently short. I placed a limit sell at 173 before I went to sleep. Just barely tagged me in.
  • #1,745
  • Oct 13, 2014 9:53am Oct 13, 2014 9:53am
heads up US banks are on holiday today. volume/volatility will likely greatly drop at end london session.
  • #1,746
  • Oct 13, 2014 3:41pm Oct 13, 2014 3:41pm
Quoting whatever007
{quote} Now UJ looking good although 108.10 level is where breakdown happened yesterday, going to call it day with this trade.

Well that was a good 250 pips ago. Going to close my eyes and buy at 172. Can't believe this thing is going to retrace the entire recent up move without even one good rip your face off short squeeze. I know I know.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,747
  • Oct 13, 2014 3:53pm Oct 13, 2014 3:53pm
I guess I should have just said volume. Looks like a nice move going on right now.
  • #1,748
  • Oct 13, 2014 4:15pm Oct 13, 2014 4:15pm
If you are long, I hope it works out. But I won't go long on this pair again unless I see evidence of a range developing, or reversal. So far, if you look on the daily chart, it's basically a free fall. it hasn't even retraced anywhere near the 20 ema yet to give any hint that it's done falling...
  • #1,749
  • Oct 13, 2014 4:20pm Oct 13, 2014 4:20pm
And congrats to all who are still in short from the top of this fall
  • #1,750
  • Oct 13, 2014 10:19pm Oct 13, 2014 10:19pm
I read your post before leaving today about 12 hours ago - I became curious as to whether your attention to this level would be justified - set a small buy limit order and arrived home to see it pretty much nailed the turn around. I had noticed that on Daily, the cloud support, on my chart an extremely thin line though, was at that level. The pair has risen to the Tenkan-sen on my H4 MT4 chart, where it appears to be hesitating.

I have had buy trades set up lower, at the 169.34 level, for a while. Your level was an experiment that worked.
Quoting XNAdam
So remember how I said you don't want to see my analysis charts? Well, don't say I didn't warn you. {image} {image}
  • #1,751
  • Oct 13, 2014 10:30pm Oct 13, 2014 10:30pm
Quoting benaiah
And congrats to all who are still in short from the top of this fall

Yeah....I shorted 10 micropips from 180.3 I took that one just for kicks and giggles, and now I'm kicking myself for not selling more.

*facepalm*

Edit: On a second note, I hate having to wait for a promotion before shorting the the GBP/JPY. Almost missed 172.4 mark. I expect to pocket a few dozen pips from that, considering that the major support lies around 171.7 and we're in due for a major GBP update in 5 hours. Expect prices to fluctuate (i.e. test the support once more), take a short, but leave wide margins.

God knows volatile the Geppy can be.
  • #1,752
  • Edited 7:22am Oct 14, 2014 7:15am | Edited 7:22am
just a bit of a different perspective.

6 week bar chart, bar ends at the end of this week.

if price closes decisively below 168.00, I'm super bearish.
Attached Image (click to enlarge)
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  • #1,753
  • Oct 14, 2014 7:19am Oct 14, 2014 7:19am
Conviction in terms of the USD/JPY move down is showing (some) signs of exhaustion. Which could be significant for G/J.
  • #1,754
  • Oct 16, 2014 5:52am Oct 16, 2014 5:52am
169 here seems like a great place to test a BUY.
There's always money in the banana stand.
  • #1,755
  • Oct 16, 2014 11:24am Oct 16, 2014 11:24am
Strong resistance area on JPYX but we are in a very strong uptrend....
Attached Image (click to enlarge)
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  • #1,756
  • Oct 16, 2014 12:21pm Oct 16, 2014 12:21pm
Daily chart bullish pin. There's already been an up move on it, not sure how high it will go, just wanted to point it out.
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  • #1,757
  • Oct 17, 2014 4:57am Oct 17, 2014 4:57am
Bullish divergeance on JPY index with MACD.

I think we can go back down around the overbought downtrend line.
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Click to Enlarge Name: GBPJPY_M15.png Size: 52 KB
  • #1,758
  • Oct 20, 2014 6:41am Oct 20, 2014 6:41am
Go back down at 172.600 in my opinion.
Attached Image (click to enlarge)
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  • #1,759
  • Oct 21, 2014 3:11am Oct 21, 2014 3:11am
We broke the range during asian session and now we came back on the bottom of it in order to continue to the downside. 10:30 news will help I think.
Attached Image (click to enlarge)
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  • #1,760
  • Oct 22, 2014 2:26am Oct 22, 2014 2:26am
Quoting MaximeCau
We broke the range during asian session and now we came back on the bottom of it in order to continue to the downside. 10:30 news will help I think. {image}
This should go down now.
Fix up, trade sharp ...
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