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Thread: GBP.JPY

  1. #51
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    hi craig

    ive been watching this one

    imo there is possibilty down move may stall , possible trade opportunity as pretty close to major support and if that fails then your patterns looking good

    harmonic pattern in prz

    some long term trend line support

    spinning tops

    divergence on q stick

  2. #52
    action-reaction arco's Avatar
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    Hi All

    IMO there is potential of a little support off the previous double bottom, so we need to watch that (and look for a possible break below).

    Just looking at the bigger picture it could be that the 'beast' may still be in the midst of a large ABC correction which could end a lot lower (as per diagram).

    DB - have a look at the Ewaves and see what you think. I am picking A-B might be a 5 wave triangle. If so, it would mean more southerly progress to follow.

    rgds - arco
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  3. #53
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    prefered count

    possible (c) wave of a B

    looked like an ending diagonal of a 5th wave to possibly complete (b)

    looking for a higher low than 221.35 to confirm

    very complex picture in corrective mode but seems to fit
    Last edited by dumbass; 26-11-2007 at 10:26 PM.

  4. #54
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    We're testing the neckline here at 227, looks to me like a good spot to sell a bit

  5. #55
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    could this be the final farewell of the carry trade

    up 800 pips on the week,

    still running third wave of a c of a larger b

    probably more to come

  6. #56
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    Quote Originally Posted by Craig3215 View Post
    We're testing the neckline here at 227, looks to me like a good spot to sell a bit
    Looks like a fail to me at the moment so I'm taking my 40 pips and heading to the sidelines for now

  7. #57
    action-reaction arco's Avatar
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    Default 2000++ pips

    26/10/07
    Quote Originally Posted by arco View Post
    Perhaps a little further north in the short term while1/(a-b-c)2
    completes.........

    ..........then if the Ninja Beast starts to unwind from that point
    there could be some serious southern mileage available.

    Red boxes show some potential target points.

    GTA - arco
    The eagle has landed - (in the lower box). Todays close 213.12

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  8. #58
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    afternoon guys

    gbpjpy buy

    divergence on q stick

    currently entering a c wave which looks good for 900 + pips maybe even to gartley target

    hammer and spinning tops

    currently entering on wave 2 retracement which may go down to 208 - 208.50

    risk limit bottom of hammer 206

  9. #59
    action-reaction arco's Avatar
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  10. #60
    action-reaction arco's Avatar
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    There was a subliminal message in that photo

    Hope a few managed to get in on the fall.......
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