Hi Noob, Thanks for your observation. I have attached what I was viewing at the time I posted the comment. The pink line was my 200 SMA and the Fibonacci was above it. I am using TS software.

EURUSD

On a 5 minute chart I see it currently holding at the 200 SMA line which is at 1.0693 support. Above is the 1.072 38.2% Fibonacci resistance line, its in a tight trap A break below gets to 1.064 a 23.6% Fibonacci support line or about the 200 SMA ...

EURUSD

8/12/13: 2 pips and 6/11/12: 2 pips are examples...

EURUSD

Will short once the cycle clears above 1.0619

EURUSD

No gap, Not on TD Ameritrade or AXI MT4 Heiken Ashi

EURUSD

Agreed...

EURUSD

Todays most important trading Euro lesson: Never trade without a stop. Todays second most important Euro lesson: When trading under the anvil of a possible currency collapse, never get comfortable, move away from the anvil landing area

EURUSD

Funny thing now all these pairs are trading flat: u/j- g/j- a/u- u/cad- a/j- e/j Which one will break out stronger? G/U Pushing upward N/U almost a pennant after large rise E/u like a small arc

Dragon Riders GBP/JPY

Agreed, watching with patience...

Geppy's Geppy Thread (GBP/JPY)

Some stats to go along with the Rising Wedge - In 82% of cases, there is a downward exit - In 55% of cases, the rising wedge is a reversal pattern - In 63% of cases, the target of the pattern is reached once the support broken - In 53% of cases, a ...

Geppy's Geppy Thread (GBP/JPY)

It looks like Geppys calls on price action were spot on, congratulations. I like this pair but trading them has been a roller coaster for me. I would assume smaller contracts and longer trades, as mentioned, might be the best way to trade it.

Geppy's Geppy Thread (GBP/JPY)

image Happier new member ?

Geppy's Geppy Thread (GBP/JPY)

image Based upon the triangle formed above on a 4 hour chart: A break out occurs when we exit up through about 171.71 or so and will meet resistance at about 172.50 which has been a resistance line for about 4 weeks if not more, it could continue ...

Geppy's Geppy Thread (GBP/JPY)

Since about 15:15 I have G/J trading in a range on a 15 minute chart between an upper 200 Day EMA of 172.33 and a lower 100 Day EMA of 172.25. Therefore a strong break out above 172.33 may go to 172.60 or below 172.25 thru 172.09 image to 171.80

Geppy's Geppy Thread (GBP/JPY)

Agreed...All week the big data announcements have been met with instant reaction and then they all fade away and do not peruse their initial direction with any sort of strength. . I would say that maybe with all the FMOC announcements of Japan and ...

Geppy's Geppy Thread (GBP/JPY)

The percentages are higher that the ascending triangle breaks up more than down.

Geppy's Geppy Thread (GBP/JPY)

Observation: An ascending triangle has formed from 4 am CST today on the G/J 30 minute chart. Top resistance is 172.90 Bottom support is about 172.81 @11 pm Due to the structure of the triangle, sometime between 11 PM and 3:30 am CST, keep an eye ...

Geppy's Geppy Thread (GBP/JPY)

"Coiling" As I was just looking at the 30 minute and 1 hour charts, the G/U and U/J Bollinger Bands are again narrowing. The more narrow they compress the moving averages the bigger the explosion or un-coiling if you will. Last night It happened 2x ...

Geppy's Geppy Thread (GBP/JPY)

image Before Wednesday we had two pennants one broke up and one broke down With formation of the ascending triangle we have seemed to form an up trending S/R channel That, with no real strength, my opinion, broke us up and out over to new support ...

Geppy's Geppy Thread (GBP/JPY)

Again we get no where fast...

Geppy's Geppy Thread (GBP/JPY)