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GBP/JPY-Retracement or Revarsal??


Charts: 4Hours, 1 Day.
Elements used: Fibonacci Fan Lines, Fibonacci Retracements,EMA 3,5,13,21,50,100,Time Markers.
Current Level : 170.80
GBP/JPY have had a very interesting layout in past two months. The strong bullish wave that stopped in on 31st December making room for a waited retracement after over 800 pips bullish momentum without any major retracements. The pair surprised in these two month with very strong bearish & bullish trends and intermidiate movements that lasted for days.
Th
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Metal_Mind avatar

UPDATE 1: It seem that my calculations were right with this prediction. The  pair definatly started to move up.Current price level is 169.78 which is a 130 pips deviation from  target. The price action positioning and timming is excelent and from the look of it we will have a bullish continuation as predicted.This one is close.

Metal_Mind avatar

UPDATE 2 : Well this prediction definatly played out very well. the timming really was great. The Friday closing price is 171.17 that  beeing  only 9 pips  above my target  and  a (0.10%) deviation. This is an excelent prediction. The bullish wave is pretty strong  so this result unfortunatly  from what i see will not be preserved  until settlement. Nonetheless this is one very good prediction.

Metal_Mind avatar

UPDATE 3: This excelent prediction seem ruined . The current price level is 172.01  that  increasing the deviation from target  to over 93 pips from previous  9 pips. It such a shame since this was an excelent prediction.

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Script for count Pips form Dukascopy CSV export file

worx with curency, if digit 4 after dot is a pip.Example - run script in shell with close Positions from 2013/08/08 (Dukascopy export csv file):./pips.sh 20130808.csv66.30 Pips total | 17.10 Pips lost (25.8%) | 49.20 Pips won (74.2%)Gain/Lost 32.10 PipsTesting in a Bash Shell (thx iwdisb)create a "pips.sh" file. #!/bin/bash# # Floating point number functions.###################################################################### Default scale used by float functions. float_scale=10###############…
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sircris avatar
sircris 13 Ago

Very interesting script. Thanks! I will probe this.

Teddy avatar
Teddy 13 Ago

If u want try it @Windows , u need install Bash Shell. http://win-bash.sourceforge.net/

kolokol avatar
kolokol 3 Oct

И я!

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AUD/CAD Top Detected

AUD/CAD continued in an upwards trend, all the way from 0.7171, since early October 2008, to 1.0775 in February 2012. It seems that a five-wave formation now is countable, and lower prices are to be expected. A Daily and a 4-hour chart follows below. The first chart shows an overall picture, and the second takes a closer look at the count form X to (B). My expectations are that, price can move to 1.0220 areas, between May and June.
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