10.4 A Complete System

[nanningbob]

Here is the gbp/jpy same scenario.

[nanningbob]

Eur/JPY pic, This maybe a lot tougher for them to do because they need to outdo the Euro Zone and that could be tough.

[nicoacademia]

Eur/JPY pic, This maybe a lot tougher for them to do because they need to outdo the Euro Zone and that could be tough.

who likes PnF?

just a look that 112 is a level EJ may be targetting.

130403 ej.png

[zentauro67]

Most crosses point to a weakening of JPY next weeks. Daily charts are full of proven S/R levels, gartleys, abcd, etc. Strength from last days could be a bear and bull trap.

CAD also looks terrible for next weeks. Strong bearish signals everywhere.

[cmeade2]

Big turnaround on the euro

[cmeade2]

Aud is also falllng off pretty hard

[cmeade2]

Cad/Jpy looks like a good 10.4 short

[cmeade2]

Short lived turn around on the Eur

[nicoacademia]

EUR will go down by the end of this week. i'll be looking to hold my EJ shorts till i see maybe 118 or even 117 handle.
of course TP along the way.
EU is still up at the moment. but that's because it's yet to be in play today.
but with the slew of EUR data/decisions/bond auctions tomorrow...you'd say the positioning will be done now.

of course i'm flexible. the DXY is actually forming a H-n-S pattern. n if that breaks. boy have we got a scenario.

the kind of cascade i'm sure Bob's mind would latch onto.

[slowkey]

Well my net is 266 pips for this week so far. For the first week with 10.4 that is pretty good. I played it cautious coming off the Easter break and could have picked up more pips but took some 1 level trades.
I took profit on my CADJPY trade and now only have pendings on EURGBP. Cad may make it another level but I need to take a nap and it is always good to book profit. I look also for GBP to rebound some. I have had EURGBP as a pending for 3 days it should move now I would think. EURUSD bounced off the pivot and should setup a nice short trade by the EUR session.