Thread: GBP and JPY Pairs H1 2013

Originally Posted by TAfool

Last one on the wedges here.

AUD/USD had a beautiful wedge that broke down and is breaking out of a Leading Diagonal.

It is very common for price to return to the break out point. It's what I call "The train returning to the station".
ALL ABOARD! :-)

TAfool

I think that would be an ending diagonal.

Originally Posted by TAfool

Last one on the wedges here.

AUD/USD had a beautiful wedge that broke down and is breaking out of a Leading Diagonal.

It is very common for price to return to the break out point. It's what I call "The train returning to the station".
ALL ABOARD! :-)

TAfool

Good work this week. I was able to jump onboard the gbp slide, nice!!!
Cya next week. Everyone have a good weekend.

A-Yo Bro

Originally Posted by AyoBro

Good work this week. I was able to jump onboard the gbp slide, nice!!!
Cya next week. Everyone have a good weekend.

A-Yo Bro

Glad to hear you made out so well. Awesome!

I think there's a huge advantage to all of us "teaming up together". Together we all see a lot....much more than we would if we were "loners". That's why I love the DailyFX forums.

Originally Posted by Sean Hyman

I think that would be an ending diagonal.

Ending Diagonals end a move. Leading Diagonals portend further movement in the trend direction. Price has fallen out the end of the diagonal which makes it Leading. This fits as the wedge downside target has not been met yet.

TAfool

Originally Posted by bill2759

Add this G20 Meeting on top of the Crappy Jobs report, and whatta Ya Got? Major uncertainty, thats what.
I just might sit on the sideline until Sunday night,. Maybe even Monday if these Guys haven't decided what they're going to do to support the Euro by then.
Madaam B says, There's a disturbance in the Force and the picture in the Crystal Ball is foggy. She finds no fault with My hesitation. We occasionally are in total agreement.
All things taken into consideration, the Gestalt is still telling Me to hold out for a big bounce before resuming Short positions again.
And You ain't losing any Money by sitting and watching.

Sitting and watching is never a bad thing Bill
Hope you are ready for the crash, did you see that flash friday (1000points on the DOW)....it will look like a baby next to the next one.

It will be fun, remember, the GS analysts came out yesterday on TV to say the number will be great, while the market was holding 7 green point on the DOW.....now...how is the number...remember Bill...when you see them on TV, think the opposite...if they are saying the market will go up....get ready...if they say it is a bear market...be careful...go and buy...only when they show up after the market ran from 6300 to 11200...they show up...hmmm

Enjoy your weekend, expect those idiots in euro and G20 to come support whatever country and currency...a bounce...as usual...you know what to do.

True Sean since i joined the forum i managed to make an inactive account fully active now i have to manage 3 acc each trading different pairs (some times) hehehehe

But seriously thank you to all we make a good team

Originally Posted by Sean Hyman

Glad to hear you made out so well. Awesome!

I think there's a huge advantage to all of us "teaming up together". Together we all see a lot....much more than we would if we were "loners". That's why I love the DailyFX forums.

Bounce up or down???

gap up or down

Originally Posted by cw1

Bounce up or down???

gap up or down

10 euros says it's going to bounce up after the talking heads get done on Sunday afternoon

Watch for the bounce back for the Euro starting this Sunday evening. I think the reason for this will be more fundamental than technical. The reason for this is that the G20 has to formulate a positive outlook for the European scene in order to plate countries such as China and Iran who have large Euro holdings.

Originally Posted by Sean Hyman

update on the EUR/USD descending triangle formation....broke south. Now there should be at least 500 pips of downside over the coming weeks (barring any central bank intervention from the G-20, etc.)

niceee! now for a pullback... if were lucky to retest former support, now resistance, and another shorting opportunity..... chart with minimum target... mike

Bloomberg reported today that the Hungarian debt crisis was overblown out of proportion, and the new government has only been in power for a week. According to Moody's, the Hungarian debt to GDP/ratio though not good is nowhere near that of Greece. With good fiscal management, they should be able to meet their debt obligations for this year.

EUR/USD Long Term Chart going back to the 1970's...

This chart is looking very dangerous... There is a lot of down side momentum now which can easily force price much lower, very quickly..... Short is deffinately the place to be in this pair for a while yet

Originally Posted by brad_1199

EUR/USD Long Term Chart going back to the 1970's...

This chart is looking very dangerous... There is a lot of down side momentum now which can easily force price much lower, very quickly..... Short is deffinately the place to be in this pair for a while yet

1970's? I thought Euro was introduced in 1999.

yes indedd i think we should see at least a bounce back of 100 pips or more sunday monday morning.

This week there must be a gap as last week no gap on the Sunday........
Possibly a good long opportunity for the 100-2200 pip up if it happens...
Money Inc ins normaly the one for the profit taking on bounce back etc.....
Perhaps wait see what his trail of thoughts will be

Good man Brad.
Price stalling at 1.2140 over the past couple of weeks was the 50 Fibo of the all time lows to high,maybe the next big level will be the 61.8 fibo at 1.1309