BO time again GBP - Yen

[The Baptist]

New set up...1859 03.04.09 GBP YEN ....

chart coming

chart

 

[The Baptist]

As it Moves GBP Yen 1924 GMT

New set up...1859 03.04.09 GBP YEN ....

chart coming

Strong forces still behind Yen weakness and some relative £ strength.

 

[The Baptist]

classic trap.... hope you got out at larger S/R? Beautiful short opp at 147.75

The build up of the 2nd flag would have had many newbies, fortunately not you, nicely done btw, going long, looking for another run like the day we just had, placed stops and gone off, only for Asia to push up the market to the 4hr-daily S/R, where, all the sellers were waiting to short the bugger. This is why the flag was where and when it was to suck in the longs and give them the liquidity to short the S/R.

That's how I see it anyhow! Nice work taking some from the breakout thou!

Time stamp of 1936 GMT 03.04.09 shortterm cover and even short on evening stars...

 

[The Baptist]

Time stamp of 1936 GMT 03.04.09 shortterm cover and even short on evening stars...

charts for cover/short 1939 gmt. will see if I have this right 5 min chart..

 

[The Baptist]

classic trap.... hope you got out at larger S/R? Beautiful short opp at 147.75

The build up of the 2nd flag would have had many newbies, fortunately not you, nicely done btw, going long, looking for another run like the day we just had, placed stops and gone off, only for Asia to push up the market to the 4hr-daily S/R, where, all the sellers were waiting to short the bugger. This is why the flag was where and when it was to suck in the longs and give them the liquidity to short the S/R.

That's how I see it anyhow! Nice work taking some from the breakout thou!

Interesting comment WASP.

I am long run GBP bullish vs Yen.

I look for all continuation patterns to scale up additionally whilst holding a base level of long.

I switched a 7 digit sum of Mortgages to Yen to devalue it at 140 ok so far but expect some pull back after big moves but long term up for now.

Intersting time on currencies..

 

[The Baptist]

On the short

Interesting comment WASP.

I am long run GBP bullish vs Yen.

I look for all continuation patterns to scale up additionally whilst holding a base level of long.

I switched a 7 digit sum of Mortgages to Yen to devalue it at 140 ok so far but expect some pull back after big moves but long term up for now.

Intersting time on currencies..

As a quick countertrend short, on this Underlying the 3 evening stars were especially when occurring near recent resistance highs.

covered and getting long again soon countertrends profits to be taken quick.

 

[Crap Buddist]

Gbp Jpy

I like this pair, it's a bit like dating Hellena Bonham Carter and that chick who microwaves your pet rabbits. ! It's not without risk, but somehow it keeps you coming back for more... mmhhhhh

 

[alan5616]

I am long run GBP bullish vs Yen.

Totally agree with your assessment

 

[The Baptist]

Next Continuation pattern for Upside Break Out GBP/YEN

chart

 

[The Baptist]

I like this pair, it's a bit like dating Hellena Bonham Carter and that chick who microwaves your pet rabbits. ! It's not without risk, but somehow it keeps you coming back for more... mmhhhhh

Agreed, CB nice aviator, don't let him get your eye!

It offers the most extreme big currency pairing: saving nations currency, nation of pensioners, nonspenders and export market in long run fixed decline in export economy vs profligate spenders currency.

 

[The Baptist]

this time continuation has failed initially..

 

[The Baptist]

this time continuation has failed initially..

... but reforming with some Candlestick hammers

 

[wasp]

Interesting comment WASP.

I am long run GBP bullish vs Yen.

I look for all continuation patterns to scale up additionally whilst holding a base level of long.

I switched a 7 digit sum of Mortgages to Yen to devalue it at 140 ok so far but expect some pull back after big moves but long term up for now.

Intersting time on currencies..

Ahh, me be a day trader... No long term views, just saw an opp for 80 up and down and couldn't say no!

 

[The Baptist]

brilliant, lovely real time trading. going to rep you tomorrow.

Hey KB..

I am starting to watch these two again.. Keep an eye out..

The still good one.. :smart:

 

[The Baptist]

Hey KB..

I am starting to watch these two again.. Keep an eye out..

The still good one.. :smart:

My Blogspot for this other:
The Baptist Sniper Trader Boot Camp

 

[The Baptist]

Cable lONG

My Blogspot for this other:
The Baptist Sniper Trader Boot Camp

Its Cable - I like best at the moment..

see below:

 

[The Baptist]

its cable - i like best at the moment..

See below:

attached

 

[The Baptist]

Intraday Hrly GBPUSD with additional adds to GBP longs expect BO to upside on Wednesday/Thursday... 1.666+

 

[The Baptist]

Intraday Hrly GBPUSD with additional adds to GBP longs expect BO to upside on Wednesday/Thursday... 1.666+

Timeframe revision..

GBP will come off further for awhile tomorrow and possibly Friday too. BO has been postponed.

 

[The Baptist]

have shown, the 4 hourly
chart, with the entry levels.