Thread: GBP and JPY Pairs H1 2013

Originally Posted by Sean Hyman

Colly, this is shaping up like you outlined earlier. Good job.

There's also a bearish "head & shoulders" pattern on GBP/USD on the 15 minute chart that could help to encourage EUR/USD to break lower too. We'll see. It would need to close a candle below its neck line first for me to get serious about it.

I'ma watchin' it, I'ma watchin' it!!!

Thank you

I just closed my shorts from the 50% retraction level to the low and will look to re-enter either there or above, or, if it drops through the bottom. I think its done a mini (1-2-3) 1 as stepping stone up to a larger 1-2-3 zig-zag which should finish circa 61.8 ~ 99%.

Wish it would hurry up though. Its Monday and the maid doesn't work today so I am on cooking duty
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Attaching:

10 Min Zoom
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Originally Posted by FLFOREX

Pivotal, this is a euro dollar 1 min chart, Could you show me on this chart, where price was going up, when sean posted his comments that it was breaking to the downside? both sean's post , and the pattern at the time and priceaction .........

lol

Originally Posted by FLFOREX

Pivotal, this is a euro dollar 1 min chart, Could you show me on this chart, where price was going up, when sean posted his comments that it was breaking to the downside? both sean's post , and the pattern at the time and priceaction .........

Since you are interested, the moment Sean posted that it "seamed to be breaking south", the Euro had just gone from 1.22387 to 1.22448 ... where it stayed a few moments, by the way, BEFORE then breaking south indeed.

But you don't have to believe if you so choose. Sean knows, I kn ow and some others also saw it at the time.

Originally Posted by Pivotal12

Since you are interested, the moment Sean posted that it "seamed to be breaking south", the Euro had just gone from 1.22387 to 1.22448 ... where it stayed a few moments, by the way, BEFORE then breaking south indeed.

But you don't have to believe if you so choose. Sean knows, I kn ow and some others also saw it at the time.

I saw what Mike (FLForex) saw. That's why I posted that it was breaking south and not "the opposite", like you stated.

It's okay dude. Everyone makes mistakes. You made one here. So what. Now you've had two guys tell you that their charts didn't show what you said you saw.

Mike posted his chart. Charts don't lie.

Originally Posted by Sean Hyman

Looks to be breaking out to the south side now.

Originally Posted by Pivotal12

Since you are interested, the moment Sean posted that it "seamed to be breaking south", the Euro had just gone from 1.22387 to 1.22448 ... where it stayed a few moments, by the way, BEFORE then breaking south indeed.

But you don't have to believe if you so choose. Sean knows, I kn ow and some others also saw it at the time.

Mr Pivotal,

You included in quote marks a made-up quote.

The exact quote is as above.

Whatever it did in any "few moments" was clearly sufficiently insufficient to show up on the 1 minute chart but that is only Seans, and Mikes, and mine. Maybe yours show a different story and who are we to contest that?

Colly (The 3rd )
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Originally Posted by Colly

Mr Pivotal,

You included in quote marks a made-up quote.

The exact quote is as above.

Whatever it did in any "few moments" was clearly sufficiently insufficient to show up on the 1 minute chart but that is only Seans, and Mikes, and mine. Maybe yours show a different story and who are we to contest that?

Colly
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There is a slight difference between brokers. I have three and see variations in price action between them. However I did check for Pivotal's north-movement on all three....it isn't on any of mine....sorry.

The U.S. stock market is at a very crucial point. For instance, here's a NASDAQ chart.

If this should break south, it could add to dollar strength against many other major currencies. Let's see which way it breaks.

Originally Posted by mechtech

There is a slight difference between brokers. I have three and see variations in price between them. However i did check for Pivotal's north-movement on all three....it isn't on any of mine.

I have three charting packages and that is true for mine all.

As a young man, I would go with my Dad to look at cars for me. I would see what I wanted to see and want it want it want it so, and he would see all the things that he knew he would be paying for and putting right and then an argument would ensue.

He was always right but you know how teenagers are,.... bless em.

Sean, charts don't lie... maybe. The one that has absolutely no interest either way is me, but, since I had a significant position at the time, I was watching the tape like a hawk and when you posted, coincided with a spike of some significance... which I posted. Or dol you believe I have any interest whatsoever in stating something that is not factual? For what purpose would that be?

If you ort someone else wants to examine the charts closely, and compare with the time of the postings, you will see the truth... if you want to see it, which apparent;ly nobody really does.

Originally Posted by Colly

I have three charting packages and that is true for mine all.

As a young man, I would go with my Dad to look at cars for me. I would see what I wanted to see and want it want it want it so, and he would see all the things that he knew he would be paying for and putting right and then an argument would ensue.

He was always right dammit but you know how teenagers are,.... bless em.

That is... endearing, really. Unfortunately (on the regard of age), I have a few generations behind me since I was a teen ager. And I see (and posted) only what is there, nothing else.

Originally Posted by Colly

I have three charting packages and that is true for mine all.

As a young man, I would go with my Dad to look at cars for me. I would see what I wanted to see and want it want it want it so, and he would see all the things that he knew he would be paying for and putting right and then an argument would ensue.

He was always right dammit but you know how teenagers are,.... bless em.

That made me laugh, I remember doing just that. Also had to be on the Dad side of it when my kids got that age. Crazy, evetully you are on boths sides of the experience....ahh life.

In Pivotal's defense, EUR/USD did go up the 7 pips that he is refering to (1.2237 to 1.2244) at 1:50pm, the time of sean's posting. HOWEVER, sean posted that it was going south after it had dropped around 11 pips just 2 minutes prior to 1:50 pm.

The 7 pip up was just a quick retrace then it continued downward.

Pivotal I dont understand why you were attacking sean after he posted it was going south? Losses are your own fault.

Originally Posted by Pivotal12

That is... endearing, really. Unfortunately (on the regard of age), I have a few generations behind me since I was a teen ager. And I see (and posted) only what is there, nothing else.

It wasn't meant to be endearing.

It was meant to metaphorically emphasise a beligerent and child-like attitude that stinks!

Originally Posted by mechtech

That made me laugh, I remember doing just that. Also had to be on the Dad side of it when my kids got that age. Crazy, evetully you are on boths sides of the experience....ahh life.

I know! With kids at 18 and 22 I empathise, truly I do, with you and my poor ol' Dad

EUR/USD is still breaking down...produced a "lower high". Now the crucial point....see if it breaks and closes below the horizontal support zone. If so, then the shorts likely have an edge once again.