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- MarkH replied Aug 29, 2011
Long now, three positions around 126.250. Inverted Head and Shoulders forming on the 4Hr. Price keeps bumping off of the 50% Fibo level.
Daily GBP/JPY analysis
- MarkH replied Aug 25, 2011
All three trades on long positions now. We've got a long way back up the other side of the channel.
Daily GBP/JPY analysis
- MarkH replied Aug 24, 2011
Notice the price bumping up against the ceiling of 61.8%. Price will most likely bounce around until it hits the channel (green line).
Daily GBP/JPY analysis
- MarkH replied Aug 24, 2011
Short One Lot @ 125.790 — Dipping one toe in the water. Short One Lot @ 125.790
Daily GBP/JPY analysis
- MarkH replied Aug 22, 2011
Still no trades but Bollinger Bands are tightening and we have not broken through 50% Fibo retracement.
Daily GBP/JPY analysis
- MarkH replied Aug 21, 2011
Still moving sideways, but has now broken out of the 4hr. channel. We're making progress, but it's slow going..... However, notice that lows are making are making higher highs into a ascending flag formation.
Daily GBP/JPY analysis
- MarkH replied Aug 19, 2011
Good week, nice profits. Took a little hit yesterday, first time I've had a loss in while. Like another poster put it, "you can't be 100% (right all of the time). It's not going to happen." This just proves it...he's right! Looking forward to next ...
Daily GBP/JPY analysis
- MarkH replied Aug 19, 2011
I think you've got the right idea. However, look for the confirmation of the "Big Picture" on the four hour movement. The 4Hr. really tells the tale of direction. I've always read that the "rule" is; You need one closed candle after the initial ...
Daily GBP/JPY analysis