Thread: GBP and JPY Pairs H1 2013

Good Morning Earthicans! I took 51 pips out of this Market a little while ago. Despite Madaam B's objection. Ya just don't let that many pips get away twice, I objected. "Chicke S--t" She says. I think She over does that Title.
It looks like the Brownies lost their way to My House again last night. Stale Cookies and sour Milk left.

Thomas! I sure hope you're wrong this time with your latest prediction. I'm still sitting on shorts at 1.23 and 1.2250.
Yeah! Madaam! I know He doesn't have the Gift, as You do. Ill tell Ya what, if the price gets up to that 1.2430 area again, we'll add another short, Will that make You happy.
Looks like an interesting Day. Happy Trading.

The Low is in no if ands or butts ....Laters Second thought I did not see the divergence. Good call!

[QUOTE=bill2759;495290][I][SIZE="2"][COLOR="Navy"]Good Morning Earthicans! I took 51 pips out of this Market a little while ago.

I took 40 earlier and your right the brownies were just playing tricks last night! Im expecting a small spike up
towards the 12400 area while wall street chart eases off towards the open, there will be plenty of shorting areas to come later me thinks........

And then ITS WAR !!!!!!

I think also we are going up today, at least around 1.42 level. If this breaks then the head and shoulders pattern could be in place so tighten your seatbelt.

Originally Posted by Colly

Dear Mr Stanchiam,

My count almost identical to yours.

Waves 1 - 5 complete, A complete, should see 3 waves up now to about 1.24 and then see what C brings.

I doubt if we shall see a new low.

Colly

Wave B complete to 1.243.

Wave C appears to be in W4 and should peak soon with drop to follow to complete the move.

Minimum Target is 1.2310

Anticipated Target is 1.225 to 1.215 with recent Low remaining intact.

Colly


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I still see a range being set up for the time being with a possibility of another lower and another high being set at the same time i am short though from the top of what i think is forming a range. Stops are at breakeven as i expect price to go near range low or better. should the opposite happen i am covered.

Originally Posted by Colly

Wave B complete to 1.243.

Wave C appears to be in W4 and should peak soon with drop to follow to complete the move.

Minimum Target is 1.2310

Anticipated Target is 1.225 to 1.215 with recent Low remaining intact.

Colly


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Originally Posted by Colly

Wave B complete to 1.243.

Wave C appears to be in W4 and should peak soon with drop to follow to complete the move.

Minimum Target is 1.2310

Anticipated Target is 1.225 to 1.215 with recent Low remaining intact.

Colly


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Attaching alternative chart

Colly

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Originally Posted by FXTA

Are those Flat Belkhayate Cog Lines?

Yes they are.

Chart notes say it all. Bias long. Wait for consolidation break for position. Two patterns target 1.2700.
http://www.tafool.com/Charts/eurusd0520101hr.gif

TAfool
addendum: Throw-under/Throw-over's typically result in an equal and opposite action. 250pip throw-under of channel also matches with two pattern targets of 2700 with a 250pip throw-over.

Im watching for the next half - 1 hour as us has just opened and im waiting for all the orders to be filled.......the 1st hor of us open can be very choppy indeed. As the dow jones is so low there may be some open market heavy punts in the up direction.

That said the SANDP Index has now broken its 1100 tech level fro TREND CHANGE TO SHORT.......

Im short dow 10350 and will close at 10250
im short again eur 12380 and will close 12355

Dow jones furtures was getting its bum kicked this morning alaong with most equities

Euro set to retrace huge losses cross currency. EUR/CAD is flying, won't come back, EUR/SGD, EUR/AUD, EUR/NZD, EUR/CHF, most EUR stuff looks long for quite some time.

bloomberg- just confirmed FULL CORRECTION MODE down and sandp
This will/should then push eur lower......

EURUSD started declined from 12.1.2009. this decline was mainly due to following 2 patterns occurred on monthly chart at that time 1. double top 2. Gartley butterfly downtrend. This slide continued until this month. At this time it found very strong support at 1.2230. Currency pair is bottoming-out. Strong support provided by 200 EMA and my own indicator which is modified version of Gartley Indicator which I call Gartley trend. These two indicator confirm provide support and thus EURUSD is bottomed-out.

My long term prediction is that around 3/27/2011 we will see EURUSD will reach to 1.5825.
Short term prediction is that it will hit 1.2535 around 5/21/2010.

Originally Posted by Tigger

Euro set to retrace huge losses cross currency. EUR/CAD is flying, won't come back, EUR/SGD, EUR/AUD, EUR/NZD, EUR/CHF, most EUR stuff looks long for quite some time.

assuming thats correct....I shall have loads more shorting opportunities with the trend down. Im hoping if it touched 12400 again I can go back in short profiting over the same points!!

Originally Posted by TRADERKIP

A look at the EUR/USD 1 Mo Chart shows an overall trend DOWN for the Euro........EU problems will continue to plague Euro pricing...IMHO

Traderkip

Contrary to what I said before my current reading of EURUSD Mo chart shows that EURUSD started declining from 12.1.2009. this decline was mainly due to following 2 patterns occurred on monthly chart at that time 1. double top 2. Gartley butterfly downtrend. This slide continued until this month. At this time it found very strong support at 1.2230. Currency pair is bottoming-out. Strong support provided by 200 EMA and my own indicator which is modified version of Gartley Indicator which I call Gartley trend. These two indicator confirm provide support and thus EURUSD is bottomed-out.

My long term prediction is that around 3/27/2011 we will see EURUSD will reach to 1.5825.
Short term prediction is that it will hit 1.2535 around 5/21/2010.