Trend of the Day - Page 52

Xiao · #**766** (**permalink**) 07-21-2009, 01:45 PM

Quote:

Originally Posted by Xiao

Okay Greg!!!

So gbp/jpy Just Pushing Back Down.. But I will Wait Some Correction Then I will Sell To Get Some Pips!! now in the Mean Time I will See what Is Happening In USD/JPY Pair. I have seen Some SITE NEWs About this Pair USD/JPY. I am talking about Elliot wave And I Think when It Touch About his (2) Rarely Then That Pair will Short Down and Talking With Gbp/jpy Eur/jpy With It...

have a look the Chart I think It Will Go Below 90 Level..

Attachment 33926

USD/JPY Elliott Wave Analysis - Forex Trading, Currency Forecast, FX Trading Signal, Forex Training Course, Education, Tutorial, FX Book, Forex ebook, Learn to Trade Forex, FX Guide, Pivot Points, Currency Rates, Forex Secret, Forex Brokers, Currency

so Greg The Usd/jpy start to falling But Just taking some OXYGEN NOW... Giving some correction and Establish the all indicator and Isolator then It will go down again!!!

Xiao · #**767** (**permalink**) 07-21-2009, 11:12 PM

Quote:

Originally Posted by Gregory McLeod

What time frame are you using?

HI Good morning To all.. And Specially To you Greg!!!

So I just said yesterday about that Usd/jpy Taking some Oxygen from Falling Above Of 94 Level, So I am right Coz That was The 200 MVA Support now I am waiting for The Break OUT!! And I have seen the Eur/jpy it seem so Nice to Understand and I Can say that I did Right To Clear My Deal Yesterday On EUR/JPY. Coz Greg You can view on it That is Touch The My Stop loss so It is Wonderful That I made Much Profit to Clear Up My Deal Before to My Stop Loss!!!

So Here is The eur/jpy Chart 60 Minutes I would like some Big Drop Soon then I will Sell Of My Support Line!!!

What do you think Greg?

thank

JForex · #**768** (**permalink**) 07-21-2009, 11:17 PM

Hi Greg,

Do you see a clear Short Setup on the USDJPY Daily?

Price perfectly bounced from the Downward Trend Line, (5,3,3) Stochastic indicating significant Hidden Divergence continuation, and a Evening Star reversal candlestick at the Trendline - doesn't it look like a short?

I also saw a H1 swing high at 93.79 for a good place to enter.

Do you agree with any of it?

Thanks,
JForex.

Xiao · #**769** (**permalink**) 07-21-2009, 11:39 PM

Quote:

Originally Posted by JForex

Hi Greg,

Do you see a clear Short Setup on the USDJPY Daily?

Price perfectly bounced from the Downward Trend Line, (5,3,3) Stochastic indicating significant Hidden Divergence continuation, and a Evening Star reversal candlestick at the Trendline - doesn't it look like a short?

I also saw a H1 swing high at 93.79 for a good place to enter.

Do you agree with any of it?

Thanks,
JForex.

HI J

As Yes I have Seen That when The Big Drop Started Of 9 pm NY. So It is Great to Gain I would Like to Put Again My Deal on this Position About London Open ,,2 Am Ny Earnt So As I believe the USD/jpy got The Support By 200 MVA as Now and I would Be To Sell of Next Little bellow Of 93.3 Level..

Let see what Greg Saying?

JForex · #**770** (**permalink**) 07-21-2009, 11:44 PM

What are the indicators on your chart? What is MVA?

Xiao · #**771** (**permalink**) 07-21-2009, 11:52 PM

Quote:

Originally Posted by JForex

What are the indicators on your chart? What is MVA?

MACD!!! J....

Mike in Japan · #**772** (**permalink**) 07-21-2009, 11:52 PM

Quote:

Originally Posted by Izumi

I think that it almost bottomed, for today. If you want to keep your position longer, then you can try 150, depending on your risk/award settings . On my chart you can see the dotted line of the limit I placed (under 145.86). If you plan a much longer trade, you can try it too. Anything can happen till 145.86, even a pullback to 157. Friday will be an interesting day for GBP!!

Please don't take any risks based on what I'm saying, because my field is Business/Economics, not trading. Take the final decision by yourself.

Hi Izumi,

Thanks kindly for your thoughts and information.. Its very helpful indeed..

I am in a position to keep my trades for the long term, so I till set a target now of 147.00 - I would think now that a pullback to 157 is pretty unlikely, although 155.xx could be quite possible.. It will be very interesting to see where it goes..

Izumi, I just wondered why you mention about Friday?.. I trade 'generally' on fundies, and I can only se that the UK GDP will be announced, would this be what you are refering to?, or is there something I'm missing?..

Thanks kindly for your help...

JForex · #**773** (**permalink**) 07-21-2009, 11:56 PM

Quote:

Originally Posted by Xiao

MACD!!! J....

I know the MACD, what are the indis on the price area? Whats MVA?

Xiao · #**774** (**permalink**) 07-22-2009, 12:15 AM

Quote:

Originally Posted by JForex

I know the MACD, what are the indis on the price area? Whats MVA?

SIMPLE MOVING AVERAGE!!!MVA.

and There is Also MACD... and Nothing Else

Gregory McLeod · #**775** (**permalink**) 07-22-2009, 04:31 AM

CAD/JPY - New Down Trend Forming?

CAD/JPY has been unable to break above the daily uptrend line that if fell below back on June 22nd. This uptrend line that supported this upmove that stretched all the way from the beginning of January 2009 is now a wall of resistance. Stops can be placed above the recent swing high to target the 79.15 area near the 200 SMA.

Mike in Japan · #**776** (**permalink**) 07-22-2009, 04:39 AM

Quote:

Originally Posted by Gregory McLeod

CAD/JPY - New Down Trend Forming?

CAD/JPY has been unable to break above the daily uptrend line that if fell below back on June 22nd. This uptrend line that supported this upmove that stretched all the way from the beginning of January 2009 is now a wall of resistance. Stops can be placed above the recent swing high to target the 79.15 area near the 200 SMA.

Hi Greg,

What are your thoughts please on the GBP/JPY pair?.. 152.37 seems a tough cookie to break, yet I can't really see this pair going much higher on a pullback..

Your thoughts greatly appreciated...

Thanks..

Gregory McLeod · #**777** (**permalink**) 07-22-2009, 04:48 AM

Quote:

Originally Posted by JForex

Hi Greg,

Do you see a clear Short Setup on the USDJPY Daily?

Price perfectly bounced from the Downward Trend Line, (5,3,3) Stochastic indicating significant Hidden Divergence continuation, and a Evening Star reversal candlestick at the Trendline - doesn't it look like a short?

I also saw a H1 swing high at 93.79 for a good place to enter.

Do you agree with any of it?

Thanks,
JForex.

Price action on the USD/JPY acts like a bow and arrow; pulling back in the opposite direction before going forward. Currently, there is lots of support in the 9321 region which could send prices higher first before plunging below support. See the attached 4-hour chart.

Gregory McLeod · #**778** (**permalink**) 07-22-2009, 04:56 AM

Quote:

Originally Posted by Mike in Japan

Hi Greg,

What are your thoughts please on the GBP/JPY pair?.. 152.37 seems a tough cookie to break, yet I can't really see this pair going much higher on a pullback..

Your thoughts greatly appreciated...

Thanks..

GBP/JPY looks like it took it on the chin earlier than CAD YEN. GBPJPY looks like its finding support and could go a bit higher to perhaps form the right shoulder of a Head and Shoulder chart pattern before moving lower below the neckline. But you are very right, this is a tough cookie to break!

Xiao · #**779** (**permalink**) 07-22-2009, 05:14 AM

Quote:

Originally Posted by Gregory McLeod

GBP/JPY looks like it took it on the chin earlier than CAD YEN. GBPJPY looks like its finding support and could go a bit higher to perhaps form the right shoulder of a Head and Shoulder chart pattern before moving lower below the neckline. But you are very right, this is a tough cookie to break!

Hi Greg

sorry To disturb you Could you Tell me Which Time Frame? You Are Using ?

Million$Man · #**780** (**permalink**) 07-22-2009, 05:54 AM

Quote:

Originally Posted by Xiao

Hi Greg

sorry To disturb you Could you Tell me Which Time Frame? You Are Using ?

Its a 4H chart, if you look at the top/middle of the chart it tells you

Regards
M$M