The path of the newbie: do you want to cooperate? - page 9
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Hello everybody!
Here is the interesting review of the JPY crosses
GBPJPY/EURJPY - JPY cross pairs - new perspectives in makin money
Hello!
Ok, here they are - Jpy pairs!
First I want to post here total review in images by my fellow trader - Eduard
Please use these links to view images
http://img215.imageshack.us/img215/3466/82423851nz1.gif
http://img69.imageshack.us/img69/5088/49780230kb7.gif
http://img143.imageshack.us/img143/3895/36551777mq8.gif
http://img236.imageshack.us/img236/8631/22639850kl1.gif
http://img236.imageshack.us/img236/5374/23510543cs7.gif
Ok, know some comments.
At the D1 chart you can see descending movement, that now have formed 3 wave pattern - it may be just a correction to previous ascendin movement, of the beginnin of the new D1 impulse. Anyway, as you can see at the picture, the 3rd wave (or C) has only 3 subwaves right now, so we have to make 2 more anyway, so long terms targets are lower.
H4 and H1 charts are clear enough - the are just closer images of D1.
Now take a look at the M30. You can see that Eduard has marked out the flat borders. And then the price has broke the lower border and managed to fix under it and as a result - it went down in the new wave - probably the 5th.
Now I want to say some words about EURJPY.
The 1st chart is D1
20080115+-+gbpjpy+d1.gif (image)
As you can see at this picture, we probably have there a flat correction (it is pretty obvious at this TF). Bold magenta fibo grid is a grid on the whole ascendin impulse wave on monthly chart. I have marked out with rectangles some places where this fibo has been a good support.
Also mention that the prise didnt manage to breakdown 11.8% level for 3 times - breakin of this level will be the main signal for further powerful descendin movement.
At the next picture you can see that price has been pretty close to this level.
Take a look
20080115+-+gbpjpy+h4.gif (image)
It seems, that we have started a new bearish impulse at this TF - the 1st and the 2nd waves seem to be finished, and now i am waiting for the powerful 3rd wave.
Now H1 chart
20080115+-+gbpjpy+h1.gif (image)
Here i have marked out with a rectangle flat borders - you can see that price has managed to break through the top border only in one place, and, because it didn't manage to fix itself under, it was a false breakup. I marked out this moment with gold ellipse, because here you can also see a false breakup of the 233 MA (and we have to keep in mind, that this line is usually can provide us with useful prompts, as any other support/resistance level).
So at the end you probably mentioned that these 2 pairs have a lot of similar moments in their behavior (at last they are allies, like, e. g. GBPUSD and EURUSD).
I use JPY cross pairs when i am working at the Asian session from 0:00 to 9:00 GMT. I also use USDJPY, CADJPY and AUDJPY, but i trade onlt GBPJPY, as it has greater volatility. Other pairs help me to define the main movement on GBPJPY.
For now i'm finished - I will post more comments and analyses later.
Best Regards and good trading to you!
Anthony Schneider.
The trade plan is taken from The Uncommon Trading In My Life
Good Luck!
Hello everybody!
The trade plan for today
GBPUSD review
Hello everybody!
The 1.9632 level was broken so we could not wait the 5th wave up because the correction wave is not the 4th. Take a look at the picture to understand the further perspectives.
16012008tp.gif (image)
so we have the wave a(1.9484-1.9741) the correction wave b(1.9741-1.9569) (the blue variant on the picture) the resistances for the wave c are 1.9902; 1.9999
or we have the a wave down 1.9741-1.9564 and it's correction wave b(it is not yet clear if it is finished) the supports for wave c are 1.9484; 1.9458
Best Regards!
Tacomy
Good Luck
Hello everybody!
The trade plan for today
Good LuckHi Nili..
Good trade today..
Your red line was fantastic today.. Your target was hit..
Your first target was 1.9710 and the second 1.9458...
Do you still believe in your second target? (Red C)
Thnak you
Hi Nili..
Good trade today..
Your red line was fantastic today.. Your target was hit..
Your first target was 1.9710 and the second 1.9458...
Do you still believe in your second target? (Red C)
Thnak youHello Hellkas
I'm sorry I didn't answer you yesterday, because I'm posting here only in the morning, because usually nobody asks questions here. I thought that nobody reads my posts.
Here is a new trade plan with another targets
GBPUSD what's happening next?
Hello everybody!
Let's analyse what's happening next, I've drawn two variants of movement, take a look at the picture.
17012008tp.gif (image)
The resistances for wave c(blue variant) are 1.9791;19833;1.9907
And the supports for wave c(red variant) are 1.9514;1.9465;19384
Best Regards!
Tacomy
Feel free to ask questions;)
Good Luck!
Hello everybody!
Here is the trade plan for today
GBPUSD still in the flat
Hello everybody!
GBPUSD pair is still in the flat 1.9483-1.9828
But on the picture are to variants of further movement. Take a look
18012008tp.gif (image)
The supports for red c are 1.9622; 1.9591; 1.9535 and resistances for c blue are 1.9791; 1.9886; 1.9950
Best Regards
Tacomy
The trade plan is taken from The Uncommon Trading In My Life
Good Luck
Hello everybody!
Take a look
GBPUSD flat flat flat...+ beginning of the week
Hello everybody!
It's the beginning of the week + the H1 and H4 flat...and it's to difficult to say something about the further perspectives. Take a look at the picture
21012008tp.gif (image)
It seems it's early to buy and it's late to sell... so it's better to wait the correction of this wave... On the picture I've marked the resistances. Later, when the situation will be more clearer I will post again.
Best Regards
Tacomy
The trade plan is taken from The Uncommon Trading In My Life
Good Luck!
Hello everybody!
Here is the trade plan for today
GBPUSD further perspectives
Hello everybody!
Yesterday we had the breaking of the flat. Now that wave is not yet finished. It's support level is 1.9344
Take a look at the picture
22012008tp.gif (image)
For the further continuation of the trend down on bigger time frames we need a rollback.
Another scenario that may happen is an impulse up, then it's correction and then another impulse up.
Best Regards
Tacomy
The trade plan is taken from The Uncommon Trading In My Life
Good Luck
ZIg Zag for trending market will be helpfull but must be combined with others as MA or RSI.
ZIg Zag for trending market will be helpfull but must be combined with others as MA or RSI.
Hello Nicesurf, In this system it's combined with MA as you can see on the pictures we use 4 MA. But without MA we also can see if we are in a trend or a flat
Now the trade plan for today
GBPUSD review
Hello everybody!
Take a look at the picture
http://bp1.blogger.com/_GUSsEGXP2XY/R5g__AwTt5I/AAAAAAAAAFw/NU-nzZe9RKo/s1600-h/24012008tp.gif
So, I've marked two variants of further perspectives, I've market the waves a(C) and now I'm waiting for the wave c(C) On the picture are marked the supports for the red c(C) (1,9350;1,9167;1.9061) and for the blue line c(C) are 1.9642;1.9674;1.9718;1.9834
Best Regards
Tacomy!
The trade plan is taken from http://fxanthony.blogspot.com/
Good Luck!
Hello everybody!
So, you've got a profit today? I think you've got because it was so easy
Here is the post from the blog
GBPUSD I think is time to close if you have bought
Hello everybody!
Did you have a nice day? I think it is time to close our buys as the target was touched, on M1 we have a flat, and the European session is about to finish. Take a look at the picture
24012008result.gif (image)
Best Regards
Tacomy!
The post is taken from The Uncommon Trading In My Life
Good Luck!