----GBPJPY----

new wave pattern for today...

as in 60mins chart below, I think we ady have wave 1,2 & 3 waiting for wave 4

in my calculation, expect wave 4 will be down between 141.909 - 141.526 (plus minus 10-20pips)
well if wave down break 140.906 then my wave calculation wrong ady...



nowadays I feel like tukang tilik ady... ha...ha...
hope to practice a lot more on elliott wave & fibo...

tukang tilik? what does that mean..

tukang tilik - person who predict the future... ha..ha...
hope it didn't go up to my head become big head full of air thinking I'm always right

haha... as long as your designations are good. then everything is good. so for now, make sure your SL and TP are fixed then since you know you are getting accurate on GJ

niea wrote:new wave pattern for today...

as in 60mins chart below, I think we ady have wave 1,2 & 3 waiting for wave 4

in my calculation, expect wave 4 will be down between 141.909 - 141.526 (plus minus 10-20pips)
well if wave down break 140.906 then my wave calculation wrong ady...

Continue on yesterday wave pattern, I think we ady see wave 4 form at 141.935... if it didn't break this line then we are moving on to wave 5...

Based on my calculation, GJ top wave 5 will be around 144.252...
or at least hit until 143.569

Could you do a screenshot for the pattern of wave 5? seems like the price is going upwards? very predictive huh haha

Shaz, do you think this might be a possibility?

I just do my calculation only...
still practicing the elliot wave
you should see my sifu tonight...
I learned frm him to draw on elliot wave with fibo line during his free course

he seems can predict the movement of price almost accurately...
if I got extra money, I might enrol in his class but it cost RM4k++
but they are offering free laptop or pda to u as well

well the chart I hv in office is not so complete but is's a guide for me...

the fibo line in chart, showing wave 5 movement (prediction) and in excel sheet contains calculation on fibo line based on wave 3

Rd wrote:Shaz, do you think this might be a possibility?

yes, it's possible... but I think hitting 143.569++ is the lowest of wave 5 top.
If u want to short, better wait for it to hit 144.xx

I've put entry order to short at 144.488
but another concern is GJ daily chart looks like going to be uptrend...
so there might be possibility that after finish this wave 5, come down a bit and then move higher than 144.xx

or the uptrend indicator is just a false alarm or only valid for short period, I'm not sure

GJ heading downwards after the bounce... managed to catch some pips

errors I've made in this trade:

fear it might be too late to enter the downtrade, entered too early.
>>this is because previous few trades missed even though entry order set correctly.

greed that it might go back upwards, closed too early.
>>watching live charts, always results in emotional play. and also a fact that I want the amount to reach a certain point so that I am satisfied with the amount and I can finally withdraw money from my account

Overall, still ok. still earned. but costly mistakes that probably costed me an additional 50++ (if I didn't intervene, and the current price still goes downwards, I probably miss 70-80 over pips) pips.

as again, remind myself. stick to entry orders, and study extremely carefully on news and charts, once mid-confident, set proper and cautious ENTRY ORDERS, with good R2R ratio min: 1:4+

utilize trailing loss if possible, pretty useful.



Below picture, the white lines are my predicted TP. But too emotional over watching live charts. missed out a lot. must must must.... really stick to my rules!!!!!

niea wrote:new wave pattern for today...

as in 60mins chart below, I think we ady have wave 1,2 & 3 waiting for wave 4

in my calculation, expect wave 4 will be down between 141.909 - 141.526 (plus minus 10-20pips)
well if wave down break 140.906 then my wave calculation wrong ady...

I'm wrong this morning when I thought wave 4 is over when it hit down to 141.935 and move up to 143.xx

seems like my earlier calculation for wave 4 is still hold true which is between the range of 141.909 - 141.526

with updated wave 4 figure, below chart showing possible wave 5 top which is between 143.915 - 144.324



on another look based on trendline... it looks like it's going down...

not too sure where it will head next,

according to my rules of bouncing off trendlines, it appears that the bounce off the top trendline might not work anymore... it will probably break, like your wave 5 analysis.

Rd wrote:not too sure where it will head next,

according to my rules of bouncing off trendlines, it appears that the bounce off the top trendline might not work anymore... it will probably break, like your wave 5 analysis.

well... this is alternative pattern I've found for on going wave...

it looks like wave C in the making but I'm not sure how lower will it go...
but if it break above 142.80 then this counting is wrong ady


I would advice to stay away frm Monday trading until you hv clearer signal unless:
- you are sure with what you are doing
- you hv smaller target like 10 - 20 pips

looks like it continues downwards happily..

New outlook on GJ.

I cannot detect any pattern on GJ 60 min chart...
It's trading sideway since last night 10pm....

All previous wave paterns either has completed or proved not accuarate by breaking the price mark I've mentioned....

FA comes to play... overtaking TA. Problem is, don't see any news from pound, yet sometimes it does irradical movements. Puzzles me. Londoners play rough...

Best not to trade GJ for now, each currency is in wierd situations.

Yes... it's too quiet...
liked silence before the storm coming.. ha...ha...
GJ is trading in tight range around 50 - 60 pips...

I think just now got sudden spike at 4.30pm...
frm 141.60xx++ drop to 141.302
I hv entry order to long at 141.369 but didn't get hit...

got another chance to grab the price at 141.369 when it dip down again but I didn't take it
because I saw my chart showing going down...
so I moved my entry to lower price at 141.079...

but if after this it went up to above 142.xx ....

Haha........ nevermind.... the spike was a result of bad news from GBP @ 4.30pm..

Not too sure abt GJ, but other currencies pairing against USD now, very tension. I watch the movements.. can feel everyone is watching and waiting...

Hmm shaz, maybe wait first. GU shows signs of constant drop. Pound heads way down?

My 60mins chart still showing down...
hmm...

GJ double top-

this is quick one...

Orange line show there might be reversal for wave 5 around 143.926 - 144.xx
wave 4 maybe lowest at 142.115
as precaution, if line break below 141.726 then this wave count is wrong ady