Thread: GBP and JPY Pairs H1 2013

Euro Has Dived After Each LTRO: Weekly Support Coming into Focus

Originally Posted by jogold18

my S3 is your S2, we making lower low/highs, why should that stop?

price can go down to 1.27 me thinks..... any longs are bound to get stopped if you looking for a trend change.
i thought it would find supp @ 1.2815, went heavily long, got stopped out of all positions and since then been short on all pull backs on 5 min. after price made a big bear candle (4 hour) and closed below 1.2815, shorts i was......

next support 1.27 1.2680 on a mid term..... also tmrw daily pivot will give additional supp's.....

GL......

TY, stoped out as you said, I have 2715 as next support. Let´s see how this plays out

Originally Posted by turmaz

in one case this down move must end here technically and "mechanically" speaking not short term time frame but weekly and daily time frame im talking about, long 2777 stop 2759 TP not yet decided may be around 2930/40
the other scenario is this if prices dont stop here then next stop is 2670/75 easily but in any the this thing is clear to me that "bears" are now very euphoric and bulls are very scared

trade safe

stopped out 2759 -18 pips earlier -22 so far -40 pips this week, lower channel line roughly touches around 2717-20 but b4 that hidden support is around 2738, atm low 2732 re entered again at 2739

Originally Posted by Gnarly

Looks like it will bounce off S2, I´m already long here stops below previous low

as price was making lower lows, MACD made higher lows (typical diverg) thou in strong moves you see alot of diverg signals on real low TF of which u should take non to trade. i dont see alot of support till lower down, but if you looking to go long, wait for price break above the upper TL and 200 MA to confirm a shift.

Originally Posted by turmaz

stopped out 2759 -18 pips earlier -22 so far -40 pips this week, lower channel line roughly touches around 2717-20 but b4 that hidden support is around 2738, atm low 2732 re entered again at 2739

I may regret it but longed in 2741 on euro and like to see a daily close above 2741 for a mere 2788 tgt..
I'm basing the trade on this chart the org 8 hrs and lets see..
DJ longs made out nicely and caught some 4 pts or so on long gold off 1553 drop an hr or 2 ago,
Want the dust to settle but 2740 just seems too good not to act on it.. as said may regret as might be trying to catch a falling knife here.... Heck I'm married, I'm trained in this art...
though still long some longs on dj 12683... stops on gains though...
waiting on gu to show 5982 or close to hit some longs on it as well..
Scalps on mind unless until otherwise...

GL...

Even the Dead Cat Bounces have no strength with which to scare the bears. It also seems to be a controlled downtrend with few spikers.
The weekly lower BB20 is around 1.2693 and dropping. That should be reached within the next day or so. Keep in mind that there are multiple hits expected on the weekly lower BB20 so a few more weeks of downside is likely.
The monthly lower BB20 is around 1.2533 and dropping.

suspecting USD topping for the day and some replacement is likely.
I have interest on AUD from 9919-23 and lets see if USD respects the pattern play and makes a top at the height of the ascending wedge on the 8 hs and comes down breaking lower..
Not gabbling but taking a calculated risk with lower lots and some tight stop.. well moderately tight stops in case of some whipsaw..

GL and yea GL to me as well..

GL....

It is not like me to be 'careful' but as I am playing with shorts as cover, rather than naked longs, I am trying to be pip perfect - well within my deinition of, anyways!

So far, this move down counts as an Ending Diagonal - see last charts. I reckon we are in Wave 4 now and to be Ed perfect (principles not rules though!!), it should overlap the beginning of wave 1 of the ED. This is at 1.2753. If it does not overlap this, then dont know really whats going on.

Point is... if it hits 1.2753, it should then fall in a abc for wave 5, taking out the 1.2732 low already in place, before then going back up again. I obviously want a strike down nearer 1.2680 but anything lower than 1.2732 after hitting 1.2753 and we should be in wave 5 of an ED as an extension out of a prior triangle. Then BULL.

Or, I am wrong!!

Originally Posted by turmaz

stopped out 2759 -18 pips earlier -22 so far -40 pips this week, lower channel line roughly touches around 2717-20 but b4 that hidden support is around 2738, atm low 2732 re entered again at 2739

come on already having 2nd bad day in a row( these are my emotions) lol


now it shouldn't go down i have pending buy at 2720, and it cant drop with out new seller, if every one is short who will sell then?
we already have a nice drop to shown support, there is another at 2665/70/75 what ever the #,
2738, 2670 both strong i m noticing atm that last hr closing above 2738 its 2741. if we get a close under 2741 on hourly candle then there is 50/50 chance we go to the next support around 2666/71/76. well following my system and rules and my numbers, already emotionally disturbed by the consecutive losses in two days full -40 pips, its really hard to buy at 2738 and 2720 my emotions already "going nuts" but i want to follow my system.

good luck all and trade safe mates!

Originally Posted by stryker

I may regret it but longed in 2741 on euro and like to see a daily close above 2741 for a mere 2788 tgt..
I'm basing the trade on this chart the org 8 hrs and lets see..
DJ longs made out nicely and caught some 4 pts or so on long gold off 1553 drop an hr or 2 ago,
Want the dust to settle but 2740 just seems too good not to act on it.. as said may regret as might be trying to catch a falling knife here.... Heck I'm married, I'm trained in this art...
though still long some longs on dj 12683... stops on gains though...
waiting on gu to show 5982 or close to hit some longs on it as well..
Scalps on mind unless until otherwise...

GL...

yeah im married too and well trained in catching the falling knives and also some times throwing it back up saying "ouch" it hurts and then getting away

lols

Regression channel target zone - in a perfect world that is!

Catch up later night and see how this is panning out - nothing else I can share right now.

Originally Posted by jbiggart

One of the uk's most successful restaurateurs was on telly at the weekend. He reacons that to be successful in his business he should always try and look at it through the eyes of his customers and not get stuck in the rut of his own ego.
I suppose trading is similar. We should try and make money from what the market is doing rather than trying to make money from what we think it should be doing.

well i'm happily pip +'ve so far this week.
(sorry - couldnt help myself - think i've got a personality flaw)

Originally Posted by turmaz

yeah im married too and well trained in catching the falling knives and also some times throwing it back up saying "ouch" it hurts and then getting away

lols

lol... if i end up throwing back, I better make it count else I won't be around to post anything any further....
I like to go with odds in my favor.......... mins 50/50............... what u r suggesting is 0/100........... 0 in my favor..
I would have to delete this later for the SHE HITLER may browse thru it later.............

GL...

Well may have to buy the break higher on Geppy but Euppy 101.92-99-102.02 interest me..
Did I mention I can catch multiple knives all at once... I'm trained out pretty nicely and look it comes in handy..

GL..

Who bought Greek bonds? Who received free money (very low interest) from the ECB to buy Greek bonds? Hmmm. I wonder what the withdrawal rates are like at banks in Greece, and Spain?