Thread: GBP and JPY Pairs H1 2013

Well the chart posted earlier got played out all the way and the channel top held once again.
The ? now is if the retrace form the top is over and done and whether we would eventually head higher to the channel top or not..
Till then 30 mins and GU, which could head to 6630ish if head higher to the current resis..

GL..

It's pretty huge drop on EUR/USD from earlier this morning. really not favoring long EUR at this level (below 1.46). - not trying to pick a top too. I guess it would be very nice if today's high is the high for this year.

Originally Posted by Cosco

I will be shorting at 1.4525. My indics are ok (RSI Ichimoku + critical pivot points crossed).
But ONLY IF reached before London closes.

(see chart below) haven't had a long red wick for many...many months. Today?
If today's price action can get EUR/USD closed below 1.4530, I think it will be a pretty decent entry for selling EUR/USD. Nonetheless, back above 1.4630 --- forget about it.



disclosure: not a long term trader, so not taking position for what I wrote.

Originally Posted by lmrtrader

It's pretty huge drop on EUR/USD from earlier this morning. really not favoring long EUR at this level (below 1.46). - not trying to pick a top too. I guess it would be very nice if today's high is the high for this year.

HaS possibility

Originally Posted by Cosco

I will be shorting at 1.4525. My indics are ok (RSI Ichimoku + critical pivot points crossed).
But ONLY IF reached before London closes.

Lowest price 1.4532. Therefore didn't enter short. For the moment it's a simple pullback. If nothing happens tonight (CET), I might go long. If we drop under 1.4550 (-30 pips from now), I will enter short.
Gonna loot at Alejandro video now to see if he thinks the same :-)

EUR/USD 4-Hour Chart: Thin Holiday Trading Could See a Quick Push to 1.5000

EUR/USD 4-Hour Chart: Thin Holiday Trading Could See a Quick Push to 1.5000

Originally Posted by lmrtrader

It's pretty huge drop on EUR/USD from earlier this morning. really not favoring long EUR at this level (below 1.46). - not trying to pick a top too. I guess it would be very nice if today's high is the high for this year.

I think today's high is the high for the year...if not, then it's within 100 pips of todays high. I am now short heavy in my long-term-no-scalping account from 1.4620...Was also probably the low for the year in USD/CHF.

are all the exchanges down for friday.

I maybe misread something but looked like Tokyo is open this evening?????

Originally Posted by Gregory McLeod

EUR/USD 4-Hour Chart: Thin Holiday Trading Could See a Quick Push to 1.5000

why?.?
for 4h chart, the macd is at the top and is ending
the SSD and SFK are pointing down

100 pips above today's high is the new high? ... I'm not even considering selling the EUR above 1.46.

Originally Posted by SpinDoctor2020

I think today's high is the high for the year...if not, then it's within 100 pips of todays high. I am now short heavy in my long-term-no-scalping account from 1.4620...Was also probably the low for the year in USD/CHF.

I've never even thought EUR could push above 1.40 after hit 1.18 (last year, I think) Market can really be very...very irrational

Originally Posted by Gregory McLeod

EUR/USD 4-Hour Chart: Thin Holiday Trading Could See a Quick Push to 1.5000

Originally Posted by Cosco

Lowest price 1.4532. Therefore didn't enter short. For the moment it's a simple pullback. If nothing happens tonight (CET), I might go long. If we drop under 1.4550 (-30 pips from now), I will enter short.
Gonna loot at Alejandro video now to see if he thinks the same :-)

We turn bearish now as the price is not rising enough to keep its momentum. Therefore we should short, but a small uprise could take place in the next hour because the dynamic daily pivot point still rising. Then we should fall to 1.44, which is dynamic weekly pivot point.

Originally Posted by Gregory McLeod

EUR/USD 4-Hour Chart: Thin Holiday Trading Could See a Quick Push to 1.5000

could also go 1.4250 in thin trade ?

Originally Posted by Cosco

We turn bearish now as the price is not rising enough to keep its momentum. Therefore we should short, but a small uprise could take place in the next hour because the dynamic daily pivot point still rising. Then we should fall to 1.44, which is dynamic weekly pivot point.

I think that is looking likely Cosco
we would finish up wave 2 then rip a 3 down

Although the alternate count would have us drop to 1.45 is no calcs done yet and then up for one last medium term ride (I have a few possibilities gotta pick up my daughter then start ruling things out) before the slide