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Daily GBP/JPY analysis

Quoting atobev
sami7 ... so the bull is still in charge till when?
I think the bulls are in charge till we reach at least 231.73.
All hard work brings a profit, but mere talk leads only to poverty.
Next Announcements....

Not big movers, however, we may see some movement....hopefully, not up, down, up, down....


7:50pm JPYTrade Balance (p) http://www.forexfactory.com/images/m...impact_low.gif
0.7T 0.0T
7:50pm JPYBSI Large Manufacturing Conditions q/q http://www.forexfactory.com/images/m...act_medium.gif
7.1
All hard work brings a profit, but mere talk leads only to poverty.
Thanks Sami7..I will keep my long trade still open...
my indicators still long also.
but im expecting a correction soon. anyway no change yet.
Quoting hazz
my indicators still long also.
but im expecting a correction soon. anyway no change yet.
Please Mr.HAZZ

can you explain what are your indicators that you always talk about??!!

or they are private indicators ?? or paid system? or what??

Quoting hazz
my indicators still long also.
but im expecting a correction soon. anyway no change yet.
I was thinking (and I could be wrong), perhaps when price reaches around 231.73?
All hard work brings a profit, but mere talk leads only to poverty.
Quoting benssol
Please Mr.HAZZ

can you explain what are your indicators that you always talk about??!!

or they are private indicators ?? or paid system? or what??

its a system that i made by myself and works just for G/J , but its based on a paid one, took months of hard work to build them.

about where the correction will start i have no idea. ive not following any resistance, fibo or suport anymore so i can avoid any mistake like close a position before my indicators show me to. but ive reading some analysis that r expecting a correction soon thats why im rdy. i dont know if we will hit 231.50 again tonight but i still long anyway =)
Quoting Sami7
I was thinking (and I could be wrong), perhaps when price reaches around 231.73?

what we got there? fibo?
close it 15 pips before and reopen 15 after so if u need =)
i dont recommend it anyway, spread for g/j is a killer. if we do it in all the fibos etc we will get broke soon.
Happy trading Mr.Hazz
and I wish more success to your system ..

What charts do you guys like to trade the Pound Yen (P-J) on?
Quoting hazz
its a system that i made by myself and works just for G/J , but its based on a paid one, took months of hard work to build them.

about where the correction will start i have no idea. ive not following any resistance, fibo or suport anymore so i can avoid any mistake like close a position before my indicators show me to. but ive reading some analysis that r expecting a correction soon thats why im rdy. i dont know if we will hit 231.50 again tonight but i still long anyway =)
So you are NOT analysing supp/res levels, fibs, and pivots, but you are listening to an analysis by someone else???
Quoting j5000
What charts do you guys like to trade the Pound Yen (P-J) on?
I think you should start with no less than a 4 Hour chart, while a daily chart would be ideal. Good luck!
A nice channel has formed on this pair. It looks like it's over extended, and perhaps we will see a retrace to the bottom of the channel in the near future.
Attached Image
Quoting zawodowiec
So you are NOT analysing supp/res levels, fibs, and pivots, but you are listening to an analysis by someone else???
yeah but i said alot of times that analysis is just like a hobby, or to understand whats happning, and i just follow what the indicators say.

i dont close or open a position near any fibo support or resistance or analyse, just when my indicators show me too.

as i said there one million of ways to trade, u can call me a pure technical "trend follower"
  • #1,995
  • Quote
  • Mar 21, 2007 10:09pm Mar 21, 2007 10:09pm
Quoting hazz
yeah but i said alot of times that analysis is just like a hobby, or to understand whats happning, and i just follow what the indicators say.

i dont close or open a position near any fibo support or resistance or analyse, just when my indicators show me too.

as i said there one million of ways to trade, u can call me a pure technical "trend follower"
what s indicators do you use??tell me your system.tks
Sorry about my english...
  • #1,996
  • Quote
  • Mar 21, 2007 10:54pm Mar 21, 2007 10:54pm
with the projected retail sales being good for the pound, what are the chances of staying long until 234.00? Just curious what others are thinking.
  • #1,997
  • Quote
  • Mar 21, 2007 11:31pm Mar 21, 2007 11:31pm
looks like that it still following stocks. since nikkei is up 1.70% , if london session follow the same way i think that the short will be on hold. we need GBP Retail Sales m/m to come worst then expected to see something down.
  • #1,998
  • Quote
  • Mar 22, 2007 12:08am Mar 22, 2007 12:08am
Can we hear from the duke please?
  • #1,999
  • Quote
  • Mar 22, 2007 12:28am Mar 22, 2007 12:28am
Thanks for the recognition for my bringing this pair to the forefront recently. I have unorthodox methods, but I tend to be in a holding pattern right now since the Fed was a fizzle. It may have impact over time considering that they excluded language implying rate hikes in the mid-term.

I'm still looking for shorts because of the underlying fundamental situation, but I need to see a technical reason to take one. Otherwise, I'm sitting it out. Let's wait.
"The time to act is when others show signs of tire." --W.D. Gann
  • #2,000
  • Quote
  • Mar 22, 2007 12:33am Mar 22, 2007 12:33am
Sterling looks long right now technically, I'm just using a digital MA, multi-time frame off the weeklies, but GBP/JPY has yet to catch up...
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"The time to act is when others show signs of tire." --W.D. Gann
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