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Poll: Are GBPUSD bears losing steam? Time for a correction?

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Thread: GBP and JPY Pairs

  1. #86101
    Nightwish's Avatar
    Nightwish is offline Forum Governor June 2014
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    Quote Originally Posted by jimmy highwire View Post
    perfect fib extension from
    hi 103.726
    lo 93,784
    38,2% gives 97,588 about the mid of trading today.

    retracement from here gives as targets:

    95,247 @23,6%
    93,772 @38,2%
    91,426 @61,8%
    87,582 @100%

    this 100% level coincides with the 61,8 fib level from
    hi 103,726
    lo 77,119


    so then; terribly perfect scenario
    short from here to 87,5 (or any other level listed above, preferably as low as possible), then long all the way back to 103

    good weekend and good trading to those still in the market

    I would call this highwiregaddonn mate have a great weekend people, see you at Tokyo open
    "To study and not think is a waste. To think and not study is dangerous." - Confucius

  2. #86102
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    Quote Originally Posted by Nightwish View Post
    I would call this highwiregaddonn mate have a great weekend people, see you at Tokyo open
    hey NW,

    one could also make the following case

    93,784 is the 38,2% retracement of

    hi 103,726
    lo 77,119

    in case of an up retracement gives a minimum 38,2% of 103 and a 100% gives 120
    (120 about the high in april 2007, you remember, before the crisis and all...)

    your (or anyones) call

    good weekend
    Last edited by jimmy highwire; 06-21-2013 at 03:18 PM.
    tapereader likes this.

  3. #86103
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    Quote Originally Posted by jimmy highwire View Post
    hey NW,

    one could also make the following case

    93,784 is the 38,2% retracement of

    hi 103,726
    lo 77,119

    in case of an up retracement gives a minimum 38,2% of 103 and a 100% gives 120

    your (or anyones) call

    good weekend
    Name:  highwiregaddonn.jpg
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    your first idea was this one, right? I`ll see it done. I like when Fibs numbers match, ( haven`t seen Fibbonachi for a while... )
    Last edited by Nightwish; 06-21-2013 at 03:24 PM.
    "To study and not think is a waste. To think and not study is dangerous." - Confucius

  4. #86104
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    Quote Originally Posted by Nightwish View Post

    your first idea was this one, right? I`ll see it done. I like when Fibs numbers match, ( haven`t seen Fibbonachi for a while... )

    well that was the second option

    the first was more like this (doesn't have to be a staight line though )
    maybe forming h&s along the way if it's not too much to ask

    Name:  usdjpydaily.png
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    Last edited by jimmy highwire; 06-21-2013 at 03:41 PM.

  5. #86105
    carlh is online now Member
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    hmm next weeks calendar looks a bit blank :/

  6. #86106
    Gino's Avatar
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    [QUOTE=Nightwish;1654420]I would call this highwiregaddonn mate have a great weekend people, see you at Tokyo open[/QUOTe
    Yeah, there is no way this would go down to 87 level.

  7. #86107
    bobiboy is offline Member
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    [QUOTE=Gino;1654482]
    Quote Originally Posted by Nightwish View Post
    I would call this highwiregaddonn mate have a great weekend people, see you at Tokyo open[/QUOTe
    Yeah, there is no way this would go down to 87 level.
    Yes, there is. No more upside (above 103) for now, for a couple more months. 87 may not come right away, but we will get there eventually. Or at least 89.
    Last edited by bobiboy; 06-22-2013 at 10:34 AM.

  8. #86108
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    hello traders. 1 hour to open market. pull out some heavy weapons, we need cash. GL
    Uber FX nUblet7 likes this.
    "To study and not think is a waste. To think and not study is dangerous." - Confucius

  9. #86109
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    Question

    Quote Originally Posted by Nightwish View Post
    hello traders. 1 hour to open market. pull out some heavy weapons, we need cash. GL
    Welcome to a new week. I've opened this week's trading with EUR/JPY and AUD/JPY shorts. Hoping to be able to hold them til the end of the week.
    Practice + Patience = Prosperity

  10. #86110
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    Quote Originally Posted by Uber FX nUblet7 View Post
    Welcome to a new week. I've opened this week's trading with EUR/JPY and AUD/JPY shorts. Hoping to be able to hold them til the end of the week.
    similar plan. short on every one of them. cable is a giver this week ( last one performed better than eur ). I`m looking for positions, will update.
    "To study and not think is a waste. To think and not study is dangerous." - Confucius

  11. #86111
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    Some major reversal for AUD, NZD pairs expected this week. Weather forecast.... not too trendy... take care.

    Sorry if I cannot answer you immediately. I'm busy moving the market in the opposite direction...

  12. #86112
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    Quote Originally Posted by Paul Chin View Post
    Some major reversal for AUD, NZD pairs expected this week. Weather forecast.... not too trendy... take care.
    that is why I`ll short resistances and take breakouts.
    "To study and not think is a waste. To think and not study is dangerous." - Confucius

  13. #86113
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    Quote Originally Posted by Nightwish View Post
    bull flag on 15 ( maybe too late to playout )
    Name:  EURJPY15M.jpg
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    took it

    wonderfull

    out @129. good enough.
    Last edited by Nightwish; 06-23-2013 at 07:00 PM. Reason: exit
    Uber FX nUblet7 likes this.
    "To study and not think is a waste. To think and not study is dangerous." - Confucius

  14. #86114
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    My first trade today

    I've entry on 98.18 long with closed on 98.46.... Because an asceding triangle pattern was well formed last week on H4 chart.

    Now I'm trying an short on 98.39... I think this pair is oversold and can try get pips scalping.

  15. #86115
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    Quote Originally Posted by carlman79 View Post
    I've entry on 98.18 long with closed on 98.46.... Because an asceding triangle pattern was well formed last week on H4 chart.

    Now I'm trying an short on 98.39... I think this pair is oversold and can try get pips scalping.
    Took Shorts from 128.90 and 128.87 Will target the range on first position and hold for 127.20 on the second one if we can get it.

    Also just took shorts on the GBP/USD from 1.5383 - 1.5310 looks good.
    Practice + Patience = Prosperity

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