Two day later of EUR/GBP

Two day later of

EUR/GBP

30 minute chart

This is last opportunity for a small uptrend inside of a big downtrend

Let us contrast with what I said “before and after” in both 30 minute chart and daily chart

Did I say that I will be reached at (0.797468)?

It is actually reached at what I said?

See the 30 minute chart and daily chart   

①    is highest price reached today 0.79699 but I expected with 0.797468. it is a big difference or more or less forgivable error?

②    is derailed the uptrend. It means that this uptrend wave inside of downtrend wave is fulfilled fully of its function  

Therefore

This information is no more useful for buying positon but only considering of selling position, as what I said in monthly chart.

However

Let us compare with daily chart  

Two day later of

EUR/GBP

Daily chart

①    is the Bollinger Bands of upper line, signal of “^”.

②    is The Yellow (20ma) line was predicted as resisted line 3days ago (refer to previous post)    

I have searched out this item the 3days for David Horton’s requisition.

He issued it as being preparing bullish phase.

But I said “not now but later”

Later is now!

Hence

I wish you to enjoy bearish phase again

And to remember that this is end of journey about EURGBP

Bon voyage 

Yours odyssey lee    

  

One day later of EUR/GBP 30minute chart

One day later of

EUR/GBP

30 minute chart

This is one day journey of EUR GBP

Not remembering how it is started, I wish you to look it back from monthly chart and daily chart and 30 minute chart again

It was ignited by Mr. David Horton

He said this will be prepared for being downtrend after bullish phase

I said it is true but the time is not now

So that I have ferret out this wave from macro view to micro view of Wave due to “Every tide has its ebb”

After reaching its peak of wave (0.797468) it will be return back to downtrend again

Shall we see the detail of chart “before and after”?  

①     is ideal entry point which I said yesterday

②     is the level which you must ensure the profit

③     is signifying Korean real time chart. (please always compare this time with my posting time on my Blog) wishing for it is real time relay or live show  

30 minute chart of EUR/GBP in real time

30 minute chart of EUR/GBP in real time

At the Previous Blog I posted about EUR/GBP in monthly chart and daily chart

And I said in big wave of monthly chart. It will be downtrend

And in relatively small size of daily chart wave it will be uptrend

Therefore

You can take advantage of uptrend of daily chart inside of downtrend (Please refer previous post)

You may require to me when it is best time of upper trend inside of Daily chart?   

It was Before 2 hours ago that was best timing to enter here

Let us see the 30 minute chart of EUR/GBP in real time

Dear: Sir, David Horton (EUR/GBP)

Dear: Sir, David Horton

I am glad to be asked as below question of (EURGBP)

As long as I know about your requisition, I would unpretentiously explain my idea (EUR/GBP).

But sorry for my poor English sine I am a Korean, English is forever alien to me   

Having forgiving intention of my poor English, you may obtain what you want to look for

At any rate

This is what you asking for  

 

Here you said it will be uptrend?

If you are talking about long terms view, supposing that you might be looking at monthly chart.  Indeed sir! You are light It is preordained to shift heavily gravity from downtrend to uptrend.

By and large I agree with you except you calculate too earlier to profit it    

The difference between you and me are:

When it will be happened to and how come?

The answer is the downward is supposed to stop at the point of 0.77868 on the condition of prior settlement as below of monthly chart but not 0.8262 point which you pointed ( I mean if you mention to big wave and long terms of monthly chart)  

If you have same frequency and protocol with me, let us skip the meaning of monthly chart, because you have known what size, what displacement of it. Even I presume that you know the meaning of 1 and 5minte chart and even 30 minute chart.

To make long story short answer, the downward is supposed to stop at the point of 0.77868 on the condition of prior settlement

How?

Because of monthly and daily chart is insinuating the movement?

Let me tell you the prior settlement, step by step.

Monthly chart of EUR/GBP

①     is stochastic for 5ma (moving average) see the double top signal

②     is same index for 10ma as precede signal as 1~2 candles earlier than 10ma.

③     is expected with the shape of ①. Yes it is the divergence or double top or W pattern of index. But it does not look like ① yet. Therefore  you wait when ③ looks like ①

④     is also the oversold stage. therefore if you are intraday or scalper you may enjoy of this down trend until the previous lower point (0.77868)

⑤     is the previous lower point (0.77868) which I presume it’s adjustment

⑥     is the signal for you to entry for long terms view investigation. Dear Sir! Could you see the inside of circle and, Indigo blue line (10 ma) which is last blow single of down trend. Hence I wish you to jump in when it is golden cross between 5ma and 10ma. Whenever candles are settling on those moving averages, you will be safety stage of uptrend.       

Conclusion of monthly chart:

The gravity of downtrend is heavy so that “one swallow does not make a spring”

Please respect the trend

And do not defiance against trend until new starting of uptrend. Especially if you are very conservative long terms trader, wait the shape of⑥    

Daily chart of EUR/GBP

Let us zoom in and see more detail inside of monthly chart by Daily chart.

I overlap another index, Bollinger bands to see when the corrective wave is happen.

It may be useful information for intraday traders seeking for 5 days candle movements

Actually it is huge money even if daily chart’s size and its wave and displacement because of the result of the leverage  

Anyway here is sequential movement daily chart

You may enjoy down trend not from now but a week later

It is supposed to rebound up to yellow line of 20ma

And then

It is downtrend again because it is attribution of “the power of trend”

You may enjoy it until the end of signal ⑥ of monthly chart.

Nevertheless

You may be interesting in size of its fluctuation and displacement but not far away from now on

Sequentially I will illustrated it again       

    

①     is 20ma yellow line which is reacting  as a resistance line

②     is just normal trend line which is reacting  as a supported line

③     is Bollinger band signal of “^”. When is happened to inversed signal of “V” or “^”, the candle will be about to act the corrective movement at least 3 candles up.

④     is what I am waiting for “^”signal same ③. As soon as you see the signal you would better enjoy the rebound up to the level of ⑤

⑤     is previous higher point which I am expecting with rebound, slightly lower than this level  I guess.

⑥     is date when I write and post it on my Blog so that it will evidence when I write a book as real time analysis for my future job.    

Conclusion of Daily chart:

I have explain only size of wave, monthly and daily

If anyone wants to know more specific or detail, you have to process what I have shown you. Because the wave of charts are absolutely same process and same methodology but the difference are size of wave. I wish you to keep going on as same way, as using 60,30, 5 or even 1 minter chart.   

Thank for listen to my poor English

Yours odyssey lee

  

About usefulness of technical analysis and its reliability (GBP/AUD.)

About usefulness of technical analysis and its reliability(GBP/AUD.)

I am infrequently web’s browsing for world stock and Forex market

Whenever I see main topic and issue of tomorrow price, I would deeply depress people’s idea for mis-handling these matters

Especially approaching mythology of fundamental analysis not only stock market but also Forex (foreign exchange) market)  

And I frequently and automatically resent the peoples who are leading wrong side of this matter. yes it is wrong,totally  

I feel like it is even unpardonable sin if someone insists wrong way for us to go, for our life is limited and confined with certain period life time not to be wasted.  

nevertheless  myriad dealers seems to disagree with me that they have been wasted time and life, lingering in fundamental mythology of it
even read out all the newspaper and all online information of it. 

I know it is not easy to comprehend since all the language is not easy if you agree that chart is language 

though  it is one of hardest language.  it is very convenience tool that you can be unshackled from the uncontrollable  immense of data of public              

My dear readers:

Behold!

Never approach our issue from the fundamental analysis but totally ignore it 
and be friend with technical analysis 
(if you agree with me that we have a certain period life time)  

  

This will be good example  why we should keep away from it 
but be friend with technical analysis 

For example  

I would like explain for Great British Pound (GBP/AUD.) how it goes for profitable works
====

If it is correct what I advised, I wish you to be join with me and trust it. and cheer up 

If it is not correct let us turn away from it 

However
it is not only example but also profitable information 

and will be big fortune if you have and keep it for years

Since it is speak out its future trace of fatalism of gravity of chart. 

=====  

What processes it will be taken in terms of long, middle and short terms period view.

I hope it will be useful each diverged investors for time sensation.
also

I hope it will not be misinterpreted, disregarding of the size of wave’ displacement (so called it is the relative value of time frame)

Otherwise it can’t be misunderstand of my interpretation ( in same way you can apply it for 5 minute chart, if you are a scalper )

Finally I hope you to truly and carefully check out my credibility  and reliability throughout my past record written on my personal Blog that have been posted for years both English and Korean speakers in such items Forex, international index (Dow Jons) commodity oil and gold price etc. and compare what is really happened to “before and after”

http://odysseylee6.blogspot.com/  (mainly for English speakers)

http://odysseylee69.blog.me/      (mainly for Korean speaker)

I hope it is not meaningless time for you, scrutinizing  all the my past record whether if it is correct or
insignificant of just dazzling incomprehensible chart language or not 

1. Monthly chart Monthly chart (GBP/AUD.G) for long terms view

2. Weekly chart (GBP/AUD.) for middle terms view

3. Daily chart (GBP/AUD.) for short terms view

Let us hear what chart is saying from 3 years to 3 weeks story of GBP against AUD

It will be preordained by the sequence of a big wave and small wave orderly 

Hence it is started with monthly chart to see the big wave first.

  

1. Monthly chart Monthly chart (GBP/AUD.G) for long terms view

①    is 10ma(moving average) you may see that it is supported. It means it is very strong trend for upward movement  

②    is stochastic index which is my favorite and is precede movement of 5ma when it is golden cross  

③    is breakout for 5 months candles and breakout the it’s trend line    

In whole chart view, it is breakthrough down trend line. We are about to turn to point of uptrend in the displacement of monthly chart  

2. Weekly chart (GBP/AUD.) for middle terms view

Let us zoom in/out the those 8 monthly candles

We may see the more detail story of it 

①    is stochastic shown by divergence of 5ma

②    is another stochastic shown by superposition of 10ma

③    is shown by under ripe of golden cross of 20ma but it is showing that the gold cross will be soon happened if it is true of sequenced process

④    is previous high point 1.81985 which is breakthrough from the rectangle black box. Hence we may apply box theory from now on

⑤    is the weekly candle stick out from box.  

in order to see the more detail story inside of black rectangle behind story, let us ask the daily chart , enlarging of those part.       

3. Daily chart (GBP/AUD.) for short terms view

①    is stochastic shown triple bottoms of precede of 5ma

②    is 10ma of stochastic 2 times ratio of 5ma stochastic of course it is precede signal of movement of 10ma

③    is down trend line showing is a pattern of triangle or wedge pattern which means that big players strategically accumulated of it  

④    is derailed from down trend and start uptrend statically and is shown also today’s closed price 1,83203 ( today it is July.4.2014)

⑤    is showing the date which will be accorded with posting date of my blog.

From now on, review and compare the entire chart, monthly, weekly and daily chart. 
You may notice the discord with weakly chart’s box theory and with daily chart triangle pattern. 

It is tiny difference of box theory and triangle. But main issue is whether if trend lines are breakthrough or not. In my eyes it is obvious the trend line is breakout which means that it is starting point of uptrend.

To the my readers

It is wave’s size of daily chart. if you want to know tomorrow price of it, you have to see 30 minute chart even more small size of wave and its displacement, you may use 5 minute candle chart.

Remember it is not for 1 minute or hour price of it, rather it is for 3 weeks and 3 month even for 3 year traders

Hence

if you have intention of dealing with such a time frame, buy and hold it now tomorrow and ignore it since “A watched pot never boils”

Furthermore it will be good reference for long terms investors

I wish those investors to visit from time to time my blog for checking it’s fatalism of GBP/AUD

p.s

I have often been asked “what is yours strategic” “tell me few sentence”

Many fellows think chart skill is transformable from a brain to a brain and is comprehensible enough but it nature is not such a thing rather it is only attribution of man obtain from experience which you should felt in your born

That is one of reason why an expert expose their methodology, to the public, due to knowing that it is hardest language which listeners  can not be obtainable

If not so

Including me, many experts will never tell you their power and secret, specially our era of selfish and individualism    

let us say in this way : 

If there are two ways, what are you going to select one of both?

1) The easiest way is telling to the public

How to earn the money?

2) the most difficult way to himself

How to earn the money

Indeed!

They do not know the methodology!

If they know,

they will not bother themselves to teach you the technical trading after paying Advertisement, and so on.    

They do know it

They will click the keyboard inside of toilet secretly without knowing you

Behold

And be a wiser

Do not trust their humanity that they are restless to make you millionaire instead of themselves

There is no such a thing in the world, fretting or paying them to open the methodology of trading.

Do not waste time and life but Build your world by yourself!

Bon voyage!

Yours odyssey lee         

It is 30 minute chart of EUR/CAD (Euro against Canadian dollars)

It has been long time no write

Today is weekend of 3 may

We, Korean, celebrity for Buddha’s birthday 6, may 2014. (After tomorrow)

Enjoy a golden weekend!

For the sake celebration of Buddha day

I would like to inform you a small gift of Forex trading

I hope you to believe “what you see is what you get it)

It is 30 minute chart of EUR/CAD (Euro against Canadian dollars)

Let us see what is going on it (Monday, 5/05/2014)

①     Is stochastic index for obtaining signal of preceding 5ma (moving average) which mean that we can ensure 2~3 candles up at least

②     Is black box. We may well adopt the box’s theory. According to the theory, we may have the strategic “come down on the right side of fence,” I mean the side of the winners, if this is game between bullish and bearish. The winner will bull with 85% statistic.

For sure and for softy, I would like you to keep your eye on break point of box with big candle.

Tip!

See the triple divergence marked with three stars

I call it “stochastic divergence” in 30 minute chart which has high probability of turning point of uptrend   

     

The above chart is 2 minute candle chart

Watch out the breaking box with a big candle

Also contrast on the relation 30 and 2 minute candle chart.

Especially 5ma in 30 minute chart is equivalent with 60ma in 2 minute chart.

Hence in order to uptrend of 5ma in 30 minute chart, you will see it 60ma in 2 minute chart uptrend. Indeed Yellow line(20ma) will be double bottom on 60ma in 2 minute chart  ( see the detail movement in the big box )

have nice a weekend ! 

yours Cassandra 

It is great British pound against Japanese Yen( GBP/JPY) in daily chart

It is great British pound against Japanese Yen( GBP/JPY) in daily chart

Check it out before and after what Cassandra said

And infer it where it is going to  

Good luck

Yours Cassandra 

EUR/JPY will be deducted about 7%

if it is rebounded after 8% reduction of Great British Pound (GBP) against Japanese Yen (GBP/JPY)

I hope you not to be distress too much from the Cassandra words, if it is rebounded after 8% reduction of Great British Pound (GBP) against Japanese Yen (GBP/JPY).

It cost down not only (GBP/JPY) but also its relative items such as: EUR/JPY and USD/JPY 

Today I would like to talk about USD/JPY with macro vie

Today I would like to talk about USD/JPY with macro view

This is a long term view of it in Monthly chart

It may be useful information for major players rather than individual players.

Perhaps a year later you may see it what Cassandra chart had been said.   

Somehow  

Briefly I diagnose it with my favorite signals information

See below!  

①     Is bullish trend line of monthly chart but it is breakthroughs by ② and ⑦ of down line of BBS with “V” signal

②     Is collective trend line signified for 3 month with 3 candles. but you may be query how much it is going to be adjusted? The answer are ③(Fibonacci adjustment) and ④( 12ma of middle line of Bollinger bands)

③     Is Fibonacci line. We can judge with it what strengthen of Wave will happened since it is totally depended on ratio of it. for example

④     Is 50% of Fibonacci overlapped by red color line of BBS middle line? If the ratio of adjustment are less than 50% of it. you should correspond with Box theory if it is more than 50%, you may ensure this wave is not dead and powerful. hence as time goes by let us watch out the movement of candle whether if the candle is resisted by the red line or not, Especially when the stochastic gold signal just like ⑥

⑤     Is stochastic (5.3.3), which we wait for just like ⑥ (gold single)

⑥     Is stochastic triple bottom

At any rate if you are short term trader, take a position in down trend line. Because with daily chart, it is triple top.

Furthermore if you are interested in when it is turning into bullish phase again, please wait for the single of Double tops after whether the previous low line (94.232) is breakthrough or not.

technique for handling “Symmetrical convergence”

Do not stingy about review and compare what I told you yesterday 

It is the result from what we expected

Eventually it is happened to the long blue candle

And is lesson for  “come down on the right side of the fence”

I wish you to remember this technique for handling “Symmetrical convergence” 

Bog Voyage !

yours Cassandra