GBPJPY analysis - CELEBRATION CELEBRATION - mission 167.xx completed...

7 comments Friday, October 10, 2008
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hit my prediction 167.xx
see here and here
done for the week...
no more trading....
let's bowling....
<:-P <:-P <:-P
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GBPJPY analysis - bearish flag in the making??

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chart 15min - 6.30 am Malaysia
bearish flag??
should the pattern is valid, expect a drop of 300-400 pips soon..

learn more about flag pattern here

UPDATE: by 7.30 am, price dropped 100 pips
already locked some pips...
now i'm safe
by 8.15 am, price touched 166.55
a dive of 356 pips

#:-S
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GBPJPY analysis - monthly trendline broken

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monthly chart
monthly trendline broken.....
two scenarios could happen:-
1. price would retrace upwards to re-test the trendline
2. price could dive to next support (148.19) by year-end
most likely, scenario # 1 would happen as the 1st breakout is usually a false one...
take note this is the MONTHLY chart...
so the scenarios could take place in a few WEEKS period..

so, watch out and trade the chart....
me??? would stay out of any retracement upwards
and wait for confirmation to load more shorts
until the chart asks me to stop...
=))
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GBPJPY analysis - trend continuation is confirmed

4 comments Thursday, October 9, 2008


chart h4 - 10.30 pm Malaysia
low reliability bearish hanging man formed at 9 pm
confirmation of down trend continuation at lower TFs...

why should we buck against the trend?
:-?

UPDATE: price made new low 169.82 at 4.15 am
what could i say more....???

B-)
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GBPJPY analysis - southward again??

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chart h1 - 6 pm Malaysia
bearish tweezer??
bounced off 50% daily fibo??
let get in the southward-bound train......
\:D/

UPDATE: get in at 174.50
already +50 by 6.40 pm
moved SL to +5
+95 by 7.05 pm
added another sell at 173.60
2nd sell closed at +5
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