Short?????? I am waiting to go long. It may occur at 8:oo pm PST or so, but for me this is a definite long. This is wave C till several hours from now, mostly around 1:00 am PST when i expect a high to be reached. Al

GBPJPY scalpers

Scotty, Excellent read! I just did a mirror analysis and as of 5:44 PST and price is at 198.52. According to the chart, we will be approaching an area to go long. This may be one of the last longs before the continuation of the drop. This may be a ...

GBPJPY scalpers

summary of Skunny's posts — Hi, I m a new comer to this thread. Does Skunny still post here or has he completed his task? Does anybody have a summary of his posts? It would certainly help speed up the process. In fact, any summary would do. I ...

Indicator Free Trading - Skunny

M, Silly question for you. I am looking at the 15 min chart. The bar that exceeded the 50 SMA high was 198.73 @ 15:45. Adding 15 or 20 pips is not 199.10. Can you kindly clarify? Al

GBPJPY scalpers

Look up his books at www.stockcyclesforecast.com No affiliation

GBPJPY scalpers

Is he a dentist?

GBPJPY scalpers

Malcolm, Thanks for the kind words. I have to say that you are a hell of a trader. This morning you closed your trade and walked away with a loss only to make it up over and over, and that takes guts, dude. You are one of a kind! I also shorted ...

GBPJPY scalpers

Fxchi, A simple method of determining whether the uptrend is over is I use Mike Jenkins rule of breaking one preceeding low but not two. Once you break two lows, a new downturn has occured. In this example, it is absolutely clear that the a new bear ...

GBPJPY scalpers

Scotty, Yes, indeed we are in the minority at the moment. At 1:17 PSt it is about to give me a nice setup for a sell. Prices did go upto 199.76 on a spike, which is fine and it confirmed that prices touched the Gann line perfectly. I am not sure ...

GBPJPY scalpers

She's almost done — The Mirror image I posted yesterday gave an accurate description of the fall in prices today, and another Mike Jenkins technique, the Arc, tells me that prices currently at 199.36 are overextended. This may be it for the ...

GBPJPY scalpers

Take a look at this mirror image ( from Mike Jenkins' work ) The vertical line represents the inflection point and notice how an impending down side is coming if you compare the left side with the right side. It may take hours to arrive, but it sure ...

GBPJPY scalpers

Personally, this pair has been frustrating. I don't know what to expect. It's 200.45 and going higher. All bets off the table. And when I started trading, I thought the GBPUSD was the beast LOL !!

GBPJPY scalpers

Hey Malcolm, You went short at 199.80 and made 80 pips so you covered at 199? I have to say that this is a great trade. Do you just brace yourself at whole numbers? If so, this is a learning experience. I was up 60 pips when it hit 199 but protected ...

GBPJPY scalpers

Hey Malcolm, You went short at 199.80 and made 80 pips so you covered at 199? I have to say that this is a great trade. Do you just brace yourself at whole numbers? If so, this is a learning experience. I was up 60 pips when it hit 199 but protected ...

GBPJPY scalpers

Well, I went short early this morning after seeing the divergence and see support at 198 which is the Gann angle as well as the SMA 55. Who knows how low it will go but this may be realistic because it represents 200 pip move and this is the norm ...

GBPJPY scalpers

Is anybody seeing a Triple divergence on the 60 minute chart of the GBPJPY? Alexander Elder said to keep a special eye on such a formation. Could this be the beginning of the slide? Also, I see resistance on the 4 hour Gann Fann..Interesting to note

GBPJPY scalpers

I have been conversing with a few traders this afternoon and over 75% of them are bearish on the GBPJPY. This leads me to believe that the market will go higher, before possibly going lower. It is very stubborn to break the trend and looks ...

GBPJPY scalpers

Thank you, Malcolm. Excellent trade!! Al

GBPJPY scalpers

Turn coming at 9:35 PST...possible high..time will tell

GBPJPY scalpers

Malcolm, Great going! Perhaps you can summarize that exact trade when you have some time. I know you said you use a whole bunch of stuff, ie: MA's etc, but it would be nice to get an idea of the steps you took, including the RSI indicator...If you ...

GBPJPY scalpers