cup? — to me it's about pattern recognition over time, but more so S/R levels. cup and saucer is just top and bottom levels. when price drops below support is when big guys start buying. my trade yesterday was after big rise I sold at 128.56 ...

GBP/JPY

Sorry for you loss, but you are right, do what you believe, never let what others say influence you..... everything you read with a grain of salt.

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currently at week hi, and past resist/supt levels. good spot to turn down short term, but has started up trend that could go to 125.4. sell to 124.25 then buy

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great job! what's next?

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great indecision

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I thought it was funny. actually it's more like 6 top, 6 bottoms

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Break above 125.5 would signal long run up. Below 124.5 long drop. now we wait and see.

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Yes, pretty clear picture.

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looks like a slow night...could be opportunity for NY to make good move. G/Y neutral for now. Still upward momentum not to be dismissed. Yesterday and today high exactly same, watch out.

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Another way I understand flags is it allows the moving averages to catch up with price. On shorter time frames this is very easy to see.

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Thanks. agreed lots of obstacles, but momentum is up. 125.75 first to negotiate.

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So this week would you go with low of 124.133 (10ma) to @126.5 as possible weekly range?

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everyday I get up and see that big move you londons have done and get to figure out what to do for the day

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yes, this seems opposite!

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I appr your way of thinking. I also have been moving towards longer timeframes. been using daily but will start using weekly also. I agree looking ofr potential daily/weekly hi lows in advance gives you a fighting chance! (QUOTE) I recently started ...

GBP/JPY

I think 125 is most affected by 200ma. with 6/21 high of 125.80 as a backup. an engulfing daily today would be my confirmation of downturn.

GBP/JPY

at least in the shorter time frame I think 125 is a strong resist level. could drop to 124 range. I would not rule out drop to 121 either. current trend is up and cant be ignored either.

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start of the week. today should be slow, but could aesily go up to 123.232 or 123.62 well within normal daily range. JPY news somewhat negative could help.

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this am just hit support line, but mood still feels down. I think trying to get to bottom of enveloping candles from tue/wed. From there I would predict 121.42 next week.

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Been bouncing back and forth for days. just got to top and prob head back down for the day. will see what tomarrow brings. momentum is overall up, but need something to make it pop.

GBP/JPY