----GBPJPY----

yesterday GJ moving in tight range 142-143
only this morning moving to 144

last night I still can login to my fxcm account but this morning having the same error as u richard when I try at home....

will try in office and see...

now I also use Java platform at home

i think theres a problem with the connection to some US servers from streamyx thats y... though oanda is still good. currently attempting trades at oanda.. must clean off the dusts off oanda.. hahaha

USD seems to be going down against most major pairs.. i believe there is a news regarding this on bloomberg, talking about the fed keeping int rates low.


shorting on UJ... hoping to get 100 pips on oanda. go go go!

yes... blamed it on streamyx

I can login in office... no problem with fxcm trading station

ok continue frm yesterday my EW theory...

as I've mentioned wave 3 at 144.4179 (1.618 fibo line)
well actual high this morning at 144.564
I consider wave 3 done

so for wave 4 (if I'm still correct about my wave theory ha...ha..)
will go down around 143.0029 (0.382 fibo line)
but if GJ go down below 142.038 then my wave count already wrong...

then...after that... I need to read back my book and refer my chart at home in fxcm account ...

but surely wave 5 will be higher than 144.564, maybe around 145.24 - 146.12... who knows

good luck with shorting UJ

Though news are flowing in stating that JPY is likely to probably continue dropping...

Not sure about GBP

I just found another alternative EW pattern....
and this one I think it's over wave 5 at 144.564...
waiting to going down...

After just talking about GJ being good and such,

GJ now seems to return to it's slumber sideways mood............ lazy GJ!!!!!

Review on my EW theory for this week....

niea wrote:I don't hv my chart with me in office....
but I was thinking for GJ 60min charts (Elliot wave)
wave 1 (140.292 - 142.842) 1.0 fibo line
maybe extend to 1.27 fibo line until 143.5305

if GJ moves until 144.4179 (1.618 fibo line) then I'm wrong about this... it means it's not wave 1

but if GJ come down until 141.8679 (0.618 fibo line) or 141.2661 (0.382 fibo line) and reversal up until 144.4179 (1.618 fibo line)
then it create wave 2 and wave 3...

the most extream GJ would be down until 139.3179 (-0.382 fibo line) or 138.7161 (-0.618 fibo line)

not sure this is correct or not....

niea wrote:
ok continue frm yesterday my EW theory...

as I've mentioned wave 3 at 144.4179 (1.618 fibo line)
well actual high this morning at 144.564
I consider wave 3 done

so for wave 4 (if I'm still correct about my wave theory ha...ha..)
will go down around 143.0029 (0.382 fibo line)
but if GJ go down below 142.038 then my wave count already wrong...

then...after that... I need to read back my book and refer my chart at home in fxcm account ...

but surely wave 5 will be higher than 144.564, maybe around 145.24 - 146.12... who knows

niea wrote:I just found another alternative EW pattern....
and this one I think it's over wave 5 at 144.564...
waiting to going down...

So in conclusion my first theory not accurate
and second theory about wave down more fitting for today price...

actually I haven't calculate the wave down will be until what price...

update on above chart



richard, I just wondering since u are using tablet notebook....
can u draw chart freehand on ur fxcm chart?
or u printscrn to MS Paint and draw freehand?

For the wave down... these are few fave number it might stop and reverse up
(if my theory still correct)

GJ shows the eclipse-pattern.

GJ begins rally - people might be taking advantage of the fact that JPY will stick to a level now... or drop...

Letter of the day for GJ - W.

niea wrote:For the wave down... these are few fave number it might stop and reverse up
(if my theory still correct)

Suppose last Friday it just went down until -0.618 fibo line...

Manage to catch some pips from there?

not really... catched very small small pips only...
I'll explain in my experience sharing page

Rd wrote:GJ shows the eclipse-pattern.

What's the effect of eclipse-pattern?
Nvr heard b4

Prepare for another down wave?...
not sure if this is real or false alarm..ha..ha..
and how strong will it be...

my chart indicator pointing down

It's actually called a round top. Just calling it eclipse... more fancy name.

Fibo line for today price on 60mins chart



Frm above chart, seems we ady hv wave 1,2 & 3 and at moment at wave 4 going to wave 5.
If price break below 142.286 then my wave counting is wrong ady...

Another alternative wave pattern is wave down:





so I'm also not sure which one is correct one, need to wait and see for clear signal...

Update on yesterday fibo line...

GJ going down...down...
Today's fibo level...



Can it reach down until 0.618?
another feeling tell me it's either stop at -0.382(140.0848) or -1(138.677)

wait and see...

Back from my genting trip.. lost money

so I didn't trade for the past few days.

seems like the market was pretty exciting while I am not around eh?

I see the price going upwards on my charts... lowest point 139.7xx?

yes, yesterday hit bottom at 139.70+
so r u still in KL?

Currently in KL. but might be leaving tonight or tomorrow... so I don't think I can attend that seminar...

GJ looks like a fibo trading fetish for now, everybody into fibs might be on GJ like shaz

(note to self: avoid trading GJ for now )

just got a feeling it will be up unti 144.xx but hvn't confirm with the chart yet...

Will the price follow the 2 top resistance lines I have drawn? Hmm...