Thread: GBP and JPY Pairs H1 2013

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Would You care to share Your "take" with it Guilder.

Do You have a "position" and "target" Yourself?

Thank You

David

Originally Posted by mildredthecat

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Would You care to share Your "take" with it Guilder.

Do You have a "position" and "target" Yourself?

Thank You

David

My 'take' is that it has gone up for a while, and there is "no point" in calling for a "double top" or shouting that a "bear trend" is about to start. Unless price says so.
I share my "positions" with those I know, and trust. My "target" is profit.

We could just be in a corrective flat or triangle off of the top. Here is a possible scenario:

Originally Posted by mildredthecat

Ah yes..

Eye took a little look to see where "You were coming from" before the reply, and gathered that You wouldnt commit Yourself.

Thats ok, all is well.

Have a nice day

David


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"....."Eye took a look" ....."you wouldnt comment yourself"
Hmm......... spooky !
There must be a forum somewhere where you can share those thoughts with other orange dresses.
Wonder if this is the right place...?

Originally Posted by Guilder

My 'take' is that it has gone up for a while, and there is "no point" in calling for a "double top" or shouting that a "bear trend" is about to start. Unless price says so.
I share my "positions" with those I know, and trust. My "target" is profit.

Yeah, to me...I call tops in hind sight once a trend line breaks.

Some think...what good is that? It's good because when a trend line breaks...a new trend is likely starting. If a new trend is starting...and trends last for quite a while...then I've got plenty of pips ahead of me and yet I was able to stay with the trend always rather than counter to it.

I agree with ya.

strong r right where we are now

4 hr look today

30 min with pivot points

Originally Posted by CodyB

4 hr look today

Hi CodyB,

Good Charts Thank You

On or around the 24th October, and just before this pair fell from the 1st peak (which isnt a top unless a day candle opens and closes underneath the "broadly considered and held" trend line), I said:

"These do something very peculiar on the way down".

What they do, these patterns, is to make another head and shoulders which comes up to, or close to, the 1st peak (which isnt ...oh I said that already).

So, this is making, at that "strong r" You mention, the 2nd shoulder of the 2nd peak.

My chart, which is the 10 minute chart shall tell You what happens next.

Pure speculation mind

David


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Originally Posted by mildredthecat

Hi CodyB,

Good Charts Thank You

On or around the 24th October, and just before this pair fell from the 1st peak (which isnt a top unless a day candle opens and closes underneath the "broadly considered and held" trend line), I said:

"These do something very peculiar on the way down".

What they do, these patterns, is to make another head and shoulders which comes up to, or close to, the 1st peak (which isnt ...oh I said that already).

So, this is making, at that "strong r" You mention, the 2nd shoulder of the 2nd peak.

My chart, which is the 10 minute chart shall tell You what happens next.

Pure speculation mind

David


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I have been shorting the EU for well over a year now. when you know your price and let it come to you and you are not chasing it up and down the market is simple to trade. I will admit to a few longs but they are rare. The EU has always taken the stairs up and the elevator down and I like elevator rides.

Originally Posted by CodyB

I have been shorting the EU for well over a year now. when you know your price and let it come to you and you are not chasing it up and down the market is simple to trade. I will admit to a few longs but they are rare. The EU has always taken the stairs up and the elevator down and I like elevator rides.

You know what CodyB,

We have much in common there. It was just this morning too as I was looking at the 10 minute chart just after it "touched down" on the purple line the 1st time and started to step up those steps that I recalled those very words. I believe that You said them about a week ago to someone else.

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This one, another of my pseudo-scientific claptrapping workings, was what would happen after the first drop.

When I set the limits I heard "It may not get to quite that high" so I reduced them.

Unfortunately, I got stopped out on the SL by 3 measley pips when I dont usally bother with them anyway.

Nevermind. It got to within 5 pips of the original speculative guess


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PS - Well * 7 % £ Me.. it just hit 1.4925 haha


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Originally Posted by mildredthecat

Hi CodyB,

Good Charts Thank You

On or around the 24th October, and just before this pair fell from the 1st peak (which isnt a top unless a day candle opens and closes underneath the "broadly considered and held" trend line), I said:

"These do something very peculiar on the way down".

What they do, these patterns, is to make another head and shoulders which comes up to, or close to, the 1st peak (which isnt ...oh I said that already).

So, this is making, at that "strong r" You mention, the 2nd shoulder of the 2nd peak.

My chart, which is the 10 minute chart shall tell You what happens next.

Pure speculation mind

David


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Curious...are you able to make the fib arcs go out into the future to where the pair "may trade" so that when it unfolds, you can see how it deals with each arc level in the future as it all unfolds in real time?

Originally Posted by Sean Hyman

Curious...are you able to make the fib arcs go out into the future to where the pair "may trade" so that when it unfolds, you can see how it deals with each arc level in the future as it all unfolds in real time?

Yes I am Sean.

The problem I have is extending the empty time frame on the charts to accomodate them.

Essentially though, having been playing with them for a while, is that they love to play like EWT waves and build through the arc layers even when the Fib Levels themselfs dont hold. Strange I know but it gives another of those darned pseudo cat flappings that everyone adores


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Voila !!


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