Jump to content
Sign in to follow this  

GBP/JPY

Recommended Posts

Is this about to go up another leg?

GBP_JPY_20200615_10_00.thumb.png.ead215904b5bb9827680848bb769d7fe.png

Share this post


Link to post

Hourly chart paints the opposite picture :P

GBP_JPY_20200615_11_54.thumb.png.3c0fea5f566aa6ddac35721ea8e90147.png

Share this post


Link to post
6 minutes ago, dmedin said:

Hourly chart paints the opposite picture

...  but on the M30 ...

134.69 looks to have been retested and rejected so one would assume a retest of 133.48 was next on the cards or at least a check to find support?

image.thumb.png.a03a90f7fa41269664e329f1be7a0894.png

  • Thought provoking 1

Share this post


Link to post
1 hour ago, Caseynotes said:

...  but on the M30 ...

134.69 looks to have been retested and rejected so one would assume a retest of 133.48 was next on the cards or at least a check to find support?

image.thumb.png.a03a90f7fa41269664e329f1be7a0894.png

 

 

If it looks like a long on 4 hours and a short on 1hr or 30 mins then that's confusing :(

 

Share this post


Link to post
10 minutes ago, dmedin said:

 

 

If it looks like a long on 4 hours and a short on 1hr or 30 mins then that's confusing :(

 

here's the the full range;

image.thumb.png.17854a732b600c04b7e6b8bf3144e958.png

Share this post


Link to post
18 minutes ago, Caseynotes said:

here's the the full range;

image.thumb.png.17854a732b600c04b7e6b8bf3144e958.png

 

Wait for a test of the trendline on hourly right?  :)

Or a test of the trendline as a support on 4 hours.  🤔

Share this post


Link to post
12 minutes ago, dmedin said:

 

Wait for a test of the trendline on hourly right?  :)

Or a test of the trendline as a support on 4 hours.  🤔

... or wait for the BoE rate decision and mon pol statement on Thursday?  😓

  • Great! 1

Share this post


Link to post

So, it went up first:

image.thumb.png.211cc2890fe68d2a4ff13cd9a82f4ae8.png

Share this post


Link to post

But, I'm staying out as I traded the Elliot Wave from September 2019, and now I think it lacks direction. I feel like it is thrashing around because of the Covid-19 repercussions and waiting for a Brexit answer before setting off on a new trend.

image.thumb.png.47308497343001533dd9760f8017d4fd.png

Share this post


Link to post
3 hours ago, JJP said:

traded the Elliot Wave

Still amazes me how some people find that useful.  I have tried to understand it and it just confuses me and makes me want to give up.

Share this post


Link to post

When you get beyond the basic 5-3 stuff and into flat, zig zag, complex, double corrections and all the exceptions and irregularities and the four types of triangle and the extended waves within extended waves ... lol

Share this post


Link to post

On the four hour chart at least, you could have bought after it moved up near the 200 SMA line and made some money but it pooped out now.

Share this post


Link to post

**** the bed big-time.  Looking to sell a rally 😲

GBP_JPY_20200618_17_41.thumb.png.094d6bbaf715e350f92965be960a59d0.png

Share this post


Link to post
On 16/06/2020 at 13:08, dmedin said:

Still amazes me how some people find that useful.  I have tried to understand it and it just confuses me and makes me want to give up.

Sorry for not being on the forum in a while. I tried it in October / November... just a simple question, could you use a 0-1, 1-2 wave movement to predict a 2-3, 3-4 and 4-5 wave movement. I used Fib numbers to predict the last 3 waves once the first two were formed.  I made a very small long in October after the first up day of wave 3. I can't be bothered to calculate all those bats and butterflies and flying donkeys or whatever. I think it was simply luck that this followed the plot I had made. You can see that from time to time it deviates. I have not traded Elliot waves since.

  • Great! 1

Share this post


Link to post

Well, that pooped out completely.

FX is difficult.  GBP especially so.  :) 

Share this post


Link to post
Posted (edited)

Should have bought earlier anyway, at that point looking for a 2:1 (or the one even earlier) 🤔

GBP_JPY_20200708_11_42.thumb.png.c6e16feae04635b41f4d77295637c7d7.png

Edited by dmedin

Share this post


Link to post

The earlier one (which would still be open weeks later) 🥴

GBP_JPY_20200708_11_45.thumb.png.e60a6c73713801b1c91e07b6b1bb9bae.png

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×