GBP/JPY H1 Update

The Gap make a lot of confusion in the correct labeling attempts but I will try this one: I use to trat a gap as wave 3.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-h1-update_18.html

GBP/JPY H1 Update

After deeper consideration I have decided to re-label the count one degree higher and put wave 4 into the shape of Trangle corection - a little change to latest count.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-h1-update_17.html

GBP/JPY H1 Update

Either:
wave 4 was qucik and shallow Irregular Flat correction ( rule of alternation to wave 2 apply here perfectly) and next five waves are the final push to the upside and the top for big  wave 3
or
latest five waves to the upside are just the first wave of larger wave 5 to come.

Any move higher or lower the current swings will invalidate one of the counts.


Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-h1-update_14.html

GBP/JPY H1 & H4 Update + TPI

 Rationale:
Two different counts here with slighty differnet outputs.
On H1 there is a Double Three wave 2 count with latest wave labeled as wave 3. Right now the price is looking for a levet to retrace to - then one more to the upside possible. Probably this wave 4 will be simple correction because wave 2 was complex time consuming Double - Three.

On H4 chart there is a Triangle count for comparasion. In this count the latest wave up was the wave 1 of more impulsive development to come. Please notice that wave 2 Triangle pattern is very rare but this one fits very nice.


Entry levels on charts. Use Tight Stops!

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-h1-h4-update-tpi.html

GBP/JPY H1 Update

Still in correction mode.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpusd-h1-update_3284.html

GBP/JPY H1 Update

I have completly missed this one because I have been expecting one more wave down to finish the Y wave lower.

New count here. Very bullish.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-h1-update.html

GBP/JPY H4 Update

Even more time consuming complex corrective action ahead.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-h4-update.html

GBP/JPY HA UPdate + TPI

Rationale:
Wave C is needed to complete the cycle and whole correction.

Entry:
Sell Market @ 132.35
SL: 132.48 (above black bearish candle on H1)
TP:132.00 min.


Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-ha-update-tpi.html

GBP/JPY H1 Update + TPI

Rationale:
Bought 38% Ret in anticipation of wave c to the upside.
Then  selling 132.60 - 132.70 area for wave (c) pullback is expected.

Entry:
(1)Buy Limit  @ 131.90
SL: 20pips
TP: 132.60

(2) Sell Limit @ 132.60 and 132.70
SL: 132.80
TP:131.50

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpusd-h1-update-tpi.html

GBP/JPY H1 & H4 Update

No tradeable setup now really, but bias is bullish so buying the dips might gets profitable when wave 3 will dwvelop.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-h1-h4-update.html

GBP/JPY H1,H4 & Daily Update + TPI

Rationale:
Break below 131.83 might be first sign that deeper pullback is comming ahead and this so far impulsive movement was just eztended wave (b) to the upside in form of a Zig-Zag.

Unclear situation.Stay aside until one of the highs is broken:
-new high means wave 3 is developing
-break below green line means deeper pullback below wave (a) (W) low is expexted

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/12/gbpjpy-h1h4-daily-update-tpi.html

GBP/JPY H1 Update + Trading Plan Idea

Rationale:
If this is the beginning of the wave 3 I want ot be in this trade. Waiting for some pullbacks and buying the dips.


Entry: Buy Limit @ 131.48
SL:132.25
TP: min. 133 ( into fibo cluster)

Take care,
Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h1-update-trading-plan-idea_30.html

GBP/JPY H1 Update

Still in corrective mode - Double Three I guess.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h1-update_28.html

GBP/JPY H1 & H4 Update

So far ABC Flat Correction Has been found.
On H4 TF it might look as a little bigger leg W. Detailed count on H1. Nevertheless, it is in corrective mode and I GUESS a Double Three here.
Much more better entry for long position with attractive  R/R ratio is where the previous wave (iv) area is so right now I'm waiting patiently.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h4-update_28.html

GBP/JPY H1 Update

This wave is developing into some kind of time concuming correction.
Right now it looks like we are in latest push up in wave 5 of wave 3 that might end on 161% or 200% Fibo Extension.
My limit short order is waiting @ 132.38 on 200% Fibo Extension.


Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h1-update_27.html

GBP/JPY H1 Update

Impulsive to the upside has failed.
Sell Limit still in play until wave 4 is completed.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h1-update_8035.html

GBP/JPY H1 Update + Trading Plan Idea

Rationale:
Because my temporary bias is short on GBP/JPY due to possible ending of wave 1 I had a limit sell order placed. I will try to sell on spikes to the upside.

Enrty: Sell Limit @ 132.38; SL:1.32.50, TP:(waiting for some retrace to 130 level)

R/R:min 5:1.

Take care

Seb

PS: Please Follow my twitter account to receive all updates  on my current trades: @Flynchenberg.

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h1-update-trading-plan-idea.html

GBP/JPY H1,H4 & Daily Upsate

Impulsive wave 1 looks finished, possible retracement levels on charts.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h1h4-daily-upsate.html

GBP/JPY Daily Time Analysys

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-daily-time-analysys.html

GBP/JPY H1 Update

Nailed it!

Anyone have cought any pips from my GBP/JPY chart in the morning?

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gbpjpy-h1-update_9958.html