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Thread: GBP and JPY Pairs H1 2013

  1. #73456
    buggypilot's Avatar
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    Ebb and Flow

    As long as the USDOLLAR trends lower we'll see support here. The SEK is my favorite USDOLLAR leading (or so it seems) most of the time indicator for Ebb and Flow. As long as the USDOLLAR trends down we'll see support in the EUR. I think it's time for some brisket chop to go along with this Euro pattern for lunch.

    Good Weekend All.

    -Rod
    Spyros likes this.
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  2. #73457
    rcopadilla is online now Member
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    The 5min 250EMA is around 1.3155 and rising.

    That is also the current level of the 15min lower Boll20.
    The price will probably be closer to 1.3160 by the time those lines are tagged. Plan to stop countertrend scalping at that point.

  3. #73458
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    HOLY GBP. These guys are nuts, we are clearing the 200 week moving average this week for the first time since 8/2008 ! black swan gbp situation at fxcm coming soon?

    Quote Originally Posted by Gregory McLeod View Post
    Daily SSI Report for 4/20/2012 - Good Morning Traders! Happy Friday to you. I hope you are awash in Pips!

    Looks like Euro bears have gotten themselves trapped. But they are still shorting the Euro. SSI points to more gains for the Euro. The G20 may surprise with some sort of solution to the sovereign debt crisis.

    Look at the over 6:1 Ratio of Short versus longs on the GBP/USD!!

    Happy Trading!

    Greg

    EURUSD - The ratio of long to short positions in the EURUSD stands at -1.67 as nearly 63% of traders are short. Yesterday, the ratio was at -1.39 as 58% of open positions were short. In detail, long positions are 6.8% lower than yesterday and 16.1% weaker since last week. Short positions are 11.8% higher than yesterday and 40.9% stronger since last week. Open interest is 4.0% stronger than yesterday and 4.4% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.
    Gregory McLeod likes this.

  4. #73459
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    Thanks for the SSI update Greg.
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  5. #73460
    rcopadilla is online now Member
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    Spanked, ouch

    That's the risk when countertrend trading. Will reshort the spiker since R2 was tagged.
    Last edited by rcopadilla; 04-20-2012 at 10:12 AM. Reason: more info

  6. #73461
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    here is what im talking about with the GBP. target 1 1.6700 ish on weekly .

    Risk to that move is below the 100 WMA and trendline.

    GBP and JPY Pairs H1 2013-gbpsmoke.jpg

  7. #73462
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    Rcopadilla I admire you. I wonder where you find so much unstoppable energy. You remind me this advertisement... I think your motto must be something like this "last longer, much longer" or "when other stops you keep going"... lol

    Duracell Race Plus Battery TV Commercial - UK - YouTube

  8. #73463
    analyzer is offline Member
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    Thumbs down

    Quote Originally Posted by analyzer View Post
    well, i somewhat added to my short by shorting eur/jpy @107.82
    well my eur/usd stopped out
    waiting to see if eur/jpy gets stopped out as well 108. 07

  9. #73464
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    I think your response should have been "Holy GBP Batman, look at those shorts!" Batman swivels head looking for confirmation. ROFL, I just could not help myself, all in jest!

    Quote Originally Posted by psperos View Post
    HOLY GBP. These guys are nuts, we are clearing the 200 week moving average this week for the first time since 8/2008 ! black swan gbp situation at fxcm coming soon?
    psperos likes this.
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  10. #73465
    turmaz is offline Member
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    hello again

    atr resistance at 3233 channel resistance at 3244 if you look down on my chart you will notice we just broke the macd resistance line which is showing the power of bulls and trapping the bears to be squeezed quickly

    thank you trade well and use leverage wisely as its our best friend and worst enemy!
    รูป รูป  

  11. #73466
    AV1
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    Quote Originally Posted by Spyros View Post
    Rcopadilla I admire you. I wonder where you find so much unstoppable energy. You remind me this advertisement... I think your motto must be something like this "last longer, much longer" or "when other stops you keep going"... lol

    Duracell Race Plus Battery TV Commercial - UK - YouTube
    Spyro

    Is your ABCD pattern done here from the bottom (1.2993)
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  12. #73467
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    if we look from another angle as u can see in my chart we came out of a box range now we are trading in upper box if we project the price in upper box range exactly we get 1.3278-85 roughly
    thank you!
    รูป รูป  
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  13. #73468
    AV1
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    I'd love to see a Bearish Engulfing here somewhere, preferably 30Min TF.

  14. #73469
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    Quote Originally Posted by AV1 View Post
    Spyro

    Is your ABCD pattern done here from the bottom (1.2993)
    If we don't see a strong downtrend the next week with target under (1.2993) absolutely it's done. Only time will tell because the time period is strictly limited for this...

    GBP and JPY Pairs H1 2013-av1.jpg
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  15. #73470
    Fx(MIA) is offline Member
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    1.3216

    IMO lol I see 1.3216 a critical level...

    And Happy 4/20 everyone.

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