Thread: GBP and JPY Pairs H1 2013

COLLY, did i see a post from earlier sayig you have made 1.3 million in trading???

Or have i been on the loopy juice this time !

Originally Posted by nopainnogain

time to mow lawn have a great weekend

DANG THOMAS....ARE YOU MOWING A BALLFIELD, OR JUST 3 FEET AT A TIME, YOU ALWAYS MOWING THE LAWN....HAHAHAHA, HAVE A GREAT WEEKEND!

Originally Posted by Thomas Long

The EUR/USD has not changed much in the last 24 hours, so we should assume that the downtrend is still in place. This current series of higher lows and higher highs while the daily chart shows a downtrend represents a selling opportunity when the trader feels that the sentiment has changed back to the downside. A move down through the previous low of 1.22409 increases the chance of the sellers coming back in to take control of this market so that would be one way to get into a new sell position. Taking a quick look at the strong trending move up by this pair between April and December of 2009 notes four moves against the trend. They lasted between seven and 10 days and measured between 375 and 590 pips. This current move up against the trend has lasted nine days and measured 540 pips. While this alone does not confirm the downtrend, it does show that this move against the trend is typical and hardly a reason to assume the trend has changed to the upside.

Thanks you for your analysis.
I'm trying this trategy for my porfolio with small lots
E/G (Buy, Opened price: 0.83634, TP: in range 0.84954-0.85330 SL: Below the lowest in 6/10)
E/CAD (Buy, Opened price: 1.27412, TP: 1.33188 SL: Below the lowest in 6/10)
G/J ( Buy, Opened price: 134.384, TP: 138.394 SL: Below the lowest in 6/10)

PS: price is updated at the forum and also at my site: Jump the frog

Originally Posted by Colly

My woman just got in...

she's "treated us" ( funny how they do that with someone elses money huh?! )

"Oh thats nice Honey, what do we have?" I say.

And out of her hand-bag ( eventually ) appear two tickets.

She beams.

I ask if I can look at them and she says "Don't be mad at me ok" so I agree that I won't.

As I look at the tickets to see that we fly tomorrow to warmer climes I look at her and say " Hmmm, ok, ermmmm, 'spose I had better pack then. "

" You look tired Darling, you need a break, and I did the packing this morning " she retorts.

I shall take my lap-top with me but may very well be absent for the best part of a month.

Take care guys and best wishes,

Colly

Good for you too....as for my woman...shes tied to the kitchen sink..permanantly-te he!

Originally Posted by AyoBro

Lol, Thats funny, the lump joke. And this monthly is super-ugly. The double bottom must be significant but for how long is the question? 8400 maybe the brick wall.

A-Yooooooo

My last one for a while...

well, looking at the RSI's and the obvious I would say it just made including that something of an A-B-C to where-ever it turns back down and that would at least be 3 waves wouldn't it so when confirmation is in then I may take a trade on it but without great expectations of a lower low here and now.

Having said that, if my holiday breaks are what they usually are if I spend more than 10 minutes looking at charts and things then I shall bound to be in the dog-house with the words " We shoulda stayed at home " tied to my tail.

Ciao

Originally Posted by Colly

My woman just got in...

she's "treated us" ( funny how they do that with someone elses money huh?! )

"Oh thats nice Honey, what do we have?" I say.

And out of her hand-bag ( eventually ) appear two tickets.

She beams.

I ask if I can look at them and she says "Don't be mad at me ok" so I agree that I won't.

As I look at the tickets to see that we fly tomorrow to warmer climes I look at her and say " Hmmm, ok, ermmmm, 'spose I had better pack then. "

" You look tired Darling, you need a break, and I did the packing this morning " she retorts.

I shall take my lap-top with me but may very well be absent for the best part of a month.

Take care guys and best wishes,

Colly

See you when you get back. Have fun.

Originally Posted by Colly

My woman just got in...

she's "treated us" ( funny how they do that with someone elses money huh?! )

"Oh thats nice Honey, what do we have?" I say.

And out of her hand-bag ( eventually ) appear two tickets.

She beams.

I ask if I can look at them and she says "Don't be mad at me ok" so I agree that I won't.

As I look at the tickets to see that we fly tomorrow to warmer climes I look at her and say " Hmmm, ok, ermmmm, 'spose I had better pack then. "

Have a nice break Colly - have appreciated your input, thank you.

" You look tired Darling, you need a break, and I did the packing this morning " she retorts.

I shall take my lap-top with me but may very well be absent for the best part of a month.

Take care guys and best wishes,

Colly

Have a nice break Colly - have appreciated your input, thanks

Originally Posted by cw1

COLLY, did i see a post from earlier sayig you have made 1.3 million in trading???

Or have i been on the loopy juice this time !

I remember he said 3.7M. just dont know if it is in $, cents, rupee, baht or.....

Originally Posted by Mary R

gold has risen from $250 per ounce ten years ago to its present levels. This is due to many factors, including central bank buying by the Asians, a rise in all commodity prices due to global industrialization and economic growth as well as investment buying and jewelry demand. However, during the last few years the primary driving factor for gold demand has been from ETFs, exchange traded funds which buy the physical commodity when retail investors buy the ETFs. This is likely a very unstable rise as fickle retail investors are likely to run for the exits when they realize they can't sell their shares any higher which could cause a major collapse.

The panic will come when the majority of investors realize that they cannot purchase gold at lower prices.


Then will come the realization that gold is not for sale at any price. How many people would sell 1 oz of gold for 1 trillion Zimbabwean dollars? (pre april 12,2009).

So too will it happen with the euro and the US dollar, just as it has happened with EVERY fiat currency to ever exist in the history of mankind.

Originally Posted by Sean Hyman

See you when you get back. Have fun.

Originally Posted by surreyhills

Have a nice break Colly - have appreciated your input, thanks

Originally Posted by cw1

COLLY, did i see a post from earlier sayig you have made 1.3 million in trading???

Or have i been on the loopy juice this time !

Thank you Sean, Surreyhills and anyone else I may have missed.

CW1,

I shouldn't have said it. I regret it now. To be honest, I don't usually quote such things and am a very private person. I am tired and not my best recently, and the other day when I had Mr Pivotal bleating on and saying "I've made some good money, pips or equivalent today, how about you?" and then Money asking me if I had a trade and what I made I sense nothing other than " competitive greed " and intentional " one-upmanship ".

I reacted today with a firm " don't let us play that game " fact about my year-to-date profits which is about 2.5 million in our currency. I trade in US dollars though and so it said 3.7.

I shan't mention the matter again and hope that it doesn't come up.

Best,

Colly
---

Originally Posted by Colly

My last one for a while...

well, looking at the RSI's and the obvious I would say it just made including that something of an A-B-C to where-ever it turns back down and that would at least be 3 waves wouldn't it so when confirmation is in then I may take a trade on it but without great expectations of a lower low here and now.

Having said that, if my holiday breaks are what they usually are if I spend more than 10 minutes looking at charts and things then I shall bound to be in the dog-house with the words " We shoulda stayed at home " tied to my tail.

Ciao

Have a nice trip my friend. Get some rest, have some fun. The market will be here when you get back.

A-Yoooooooooooo

Originally Posted by AyoBro

Have a nice trip my friend. Get some rest, have some fun. The market will be here when you get back.

A-Yoooooooooooo

Thank you Ayo,

the market shall but will the Euro? I'm sure that since where we're going is denominated in Euro's that my dear woman will do what she can to prop the euro up against the pound for a while

Signing off now, good luck,

Colly
---

Originally Posted by AyoBro

Alright Captain
I didn't think I was losing all my marbles by peeking at the weekly candle setup. My wkly stochs are bouncing off o/s level in the same fashion as your rsi. Question, on the GUN, the orange line that cuts straight thru price, what is that? Dang, daily o/b at the same time weeklies are o/s, what a mess.

A-Yo Bro

Sorry for delaying to reply due to my dinner..

I really didnt understand your question..
Orange lines..where ?

Adjusted the channel lines slightly to fit better. Last Pic had a typo in it, corrected in this one. The upper target was 1.2713, not 1.2613.

TAfool

Siiiighhhh... Boring day today, but still made a handful (almost four handfuls, if you know what I mean) of pips to keep me happy. I usually watch three pairs: E/U, U/J, and U/Cad, and neither had any big moves, so I'm done trading until Monday. Hope the Euro won't drop far over the weekend before I get to put in a short position. However, I don't think we'll have any significant changes until Monday-Tuesday.