Gbp/jpy

[mytwopips]

I would tp around 199.65. I am a short term trader myself. I think price can still push higher. If I was entering now, I would start building my shorts with my tp in mind. Even though it will probably fall even a little more past my tp. I don’t trade this pair, but that is my opinion. I may and could be wrong. We will find out.

The wick on the 15min just hit my tp advice.

[shakesfx]

I would tp around 199.65. I am a short term trader myself. I think price can still push higher. If I was entering now, I would start building my shorts with my tp in mind. Even though it will probably fall even a little more past my tp. I don’t trade this pair, but that is my opinion. I may and could be wrong. We will find out.

Thanks mytwopips:)

I hope we get through 199.50ish fairly quickly, but have allowed for a bounce back to 200.20-80 ish just in case…

[shakesfx]

The wick on the 15min just hit my tp advice.

Good stuff! Didn’t see the above as I was writting the post with the charts and did’nt refresh the page again!

Lets see if we bounce from here or straight South…

[mytwopips]

Price kept going after my tp suggestion. Now it is resting in a support zone with a doji. Lets see what it wants to do next.

[PipChick]

@mytwopips

Price kept going after my tp suggestion. Now it is resting in a support zone with a doji. Lets see what it wants to do next.

Good evening everyone. Looks like the 4 hr H/S is still in tact and we now have a nice little triangle. The 50 ema on the 4 hr seems to be propping the price up for now. I am wondering if we may get a little more to the upside looking at the 1 hr chart. Maybe I will have a chance to get on board.

[PipChick]

Price is still above the 50 ema (red)on the 1 hr also. I think maybe it wants the 200 ema (yellow) again which would be a good shorting point if I can get it. Have to keep my eye on the u/j just in case it wants to pull the g/j higher with it. I really appreciate everyones contributions. Group analysis is always best and makes trading a lot more fun.

[mytwopips]

Price kept going after my tp suggestion. Now it is resting in a support zone with a doji. Lets see what it wants to do next.

It bounced up. Classic doji on support leads to a reversal.

By the way. I am only following on 15 mins and not trading this pair right now.

Happy trading to all!

[shakesfx]

Price is still above the 50 ema (red)on the 1 hr also. I think maybe it wants the 200 ema (yellow) again which would be a good shorting point if I can get it. Have to keep my eye on the u/j just in case it wants to pull the g/j higher with it. I really appreciate everyones contributions. Group analysis is always best and makes trading a lot more fun.

Hi Pip,

I think the resistance will hold - this is the second test, if we rebound of here again I think we are South.

maybe you want to wait until this hourly candle completes in 8 mins…

Happy Trading:D

[shakesfx]

If we break the triangle South we are down fast…

[shakesfx]

Good Afternoon,

Well price broke out of the 15mins triangle posted earlier from 200 to 199.31, back to 200.72 and down to 199.16, we are testing North again as I write.

[DRA]

I made my 1st trade on this pair this morning, i got a short signal @ 199.92 took it and TP was hit @ 50 pips. It went all the to 199.13 before reversing.

[shakesfx]

I made my 1st trade on this pair this morning, i got a short signal @ 199.92 took it and TP was hit @ 50 pips. It went all the to 199.13 before reversing.

Well done! Seems like your system works well on this pair too:)

[PipChick]

I am goin out of town unexpectedly for a few days. Make me some pips while I am gone. I hope to be back tomorrow eve or fri.

[PipChick]

Good Afternoon,

Well price broke out of the 15mins triangle posted earlier from 200 to 199.31, back to 200.72 and down to 199.16, we are testing North again as I write.

I have placed another short at 200.48, but wondering if we are in for a reversal?? The 4hr triangle posted below (before and after last night) is causing me concern - do you think the same or are we just in the range and the setup remains valid?

Pipchick, sorry if I seem to be hijacking your thread - don’t mean to, was hoping for a bit more response on here? Seems not many trade this pair…Are you trading today pip? Your advice would be welcome:D

Heck Shakes…its a thread for all to share the g/j ideas. Youre definately not hijacking!!! I enjoy watching how others trade also, its how we learn. I have been a bit preoccupied this morning getting things ready to go but hopefully I will be back in time to trade fri morning.

[PipChick]

Here is what I see…
The daily chart has a down h/s with the right shoulder about 200.76 so if that breaks to the upside then we may see some pretty good longs. (Possibly up to the 4 hr rt shoulder.The 4 hr down H/S is still intact also.I am thinking that if it breaks the 200.75 long, especially if the 31 period cci penetrates the 0 line to the upside, that it would be a nice long trade. But if it fails there again, we could finally see the NL break of the 4 hr down h/s. 1st chart is the daily and second is the 4 hr. I forgot to label them.

[shakesfx]

I am goin out of town unexpectedly for a few days. Make me some pips while I am gone. I hope to be back tomorrow eve or fri.

Ok, enjoy…

[shakesfx]

Here is what I see…
The daily chart has a down h/s with the right shoulder about 200.76 so if that breaks to the upside then we may see some pretty good longs. (Possibly up to the 4 hr rt shoulder.The 4 hr down H/S is still intact also.I am thinking that if it breaks the 200.75 long, especially if the 31 period cci penetrates the 0 line to the upside, that it would be a nice long trade. But if it fails there again, we could finally see the NL break of the 4 hr down h/s. 1st chart is the daily and second is the 4 hr. I forgot to label them.

Thanks, Looks like indecision in the price action at the moment, I am not sure where this will go…Hopefully the next few hours will tell…Hope its South though:D

[shakesfx]

GET DOWN Geppy - Give me my PIPS

[shakesfx]

Still waiting to see if this is the Drop South.

[BFoley3]

Hi Shakes,

Your Daily Trend Lines look fine.