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Daily GBP/JPY analysis

  • #4,401
  • May 10, 2007 6:48am May 10, 2007 6:48am
Quoting Mother
238.50/55 thinking its very critical support now! (from dayly)
Watch for extended USD push. Dow Jones is selling out heavily and this is stalling UJ to go up....

Gold is down too... So a "all red" day today...

At least, it's being a relatively good shakeout here... I'd like to see Euro far down to the 3450 area and CAble 9780, that is a clutch of fib levels from the recent moves up (+ 4hr 250 EMA + bottom of the channel)
  • #4,402
  • May 10, 2007 7:16am May 10, 2007 7:16am
Quoting cesarnc
Watch for extended USD push. Dow Jones is selling out heavily and this is stalling UJ to go up....

Gold is down too... So a "all red" day today...

At least, it's being a relatively good shakeout here... I'd like to see Euro far down to the 3450 area and CAble 9780, that is a clutch of fib levels from the recent moves up (+ 4hr 250 EMA + bottom of the channel)
time will tell . today still have some movement left. way or another. staying tuned!

Good point! Cable 9770/90 support neabourhood might be what longer term traders are looking.

i am totaly out of eur/usd happenings %) GBP/JPY is my frend to the grave.
  • #4,403
  • May 10, 2007 7:40am May 10, 2007 7:40am
Do anyone have any idea why the USD didnt fall after the trade balance news was what I believe to be very bad and forecast was off?


Last month Trade Balance wasnt even that bad and you saw large pip movement.


Here it was the opposite USD actually gained!
  • #4,404
  • May 10, 2007 7:45am May 10, 2007 7:45am
Quoting newjersey24
Do anyone have any idea why the USD didnt fall after the trade balance news was what I believe to be very bad and forecast was off?


Last month Trade Balance wasnt even that bad and you saw large pip movement.


Here it was the opposite USD actually gained!
see this article
  • #4,405
  • May 10, 2007 7:47am May 10, 2007 7:47am
So when are we going to see some movement? Has the Dow finished dumping?
All hard work brings a profit, but mere talk leads only to poverty.
  • #4,406
  • May 10, 2007 7:53am May 10, 2007 7:53am
Quoting Sami7
So when are we going to see some movement? Has the Dow finished dumping?
Dow is tricky again.... Put -70 and now is going up, still red -40.

We've seen it closing flat after a -75 run and I lost a buck shorting GJ when Dow turned around to green a few weeks ago...

So I'm off the GBP pairs for the day. Only holding UJ longs now...
  • #4,407
  • May 10, 2007 8:04am May 10, 2007 8:04am
Quoting newjersey24

Last month Trade Balance wasnt even that bad and you saw large pip movement.
Here it was the opposite USD actually gained!
Eather way as benssol sad. combination of fundamentals.
Or just Technical analysis. both will lead to same conclusion in the end.

(98% Technical mofo here)
  • #4,408
  • May 10, 2007 8:04am May 10, 2007 8:04am
Quoting benssol
see this article

Thanks Benssol!!

What I got out of it and correct me if I am wrong.

USD still strong even after the trade deficit widen due to Imports did rose BUT Exports rose also just not as high as the imports.


Learning everday all day!!
  • #4,409
  • May 10, 2007 8:18am May 10, 2007 8:18am
Quoting newjersey24
Thanks Benssol!!

What I got out of it and correct me if I am wrong.

USD still strong even after the trade deficit widen due to Imports did rose BUT Exports rose also just not as high as the imports.


Learning everday all day!!
you welcome man
all of us here learning and exchange info as Mother said

give me a hug

but we really need you cesarnc in the other thread
or you just open another one that discuss all this pairs

we lost between threads
  • #4,410
  • May 10, 2007 8:31am May 10, 2007 8:31am
Quoting benssol
we lost between threads
Daily GBP/JPY analysis
Best of the best, let the ego mofos burn the rest!
  • #4,411
  • May 10, 2007 9:23am May 10, 2007 9:23am
Quoting Mother
Daily GBP/JPY analysis
Best of the best, let the ego mofos burn the rest!


I believe that a high percentage of the "Cable will" posts are from people who:
- does not have a clue
- does not trade what they say
- are "praying" for their prediction to happen as to drag them out of the hole they got themselves in.

Know why I belive in this? Because I've been there

Too bad the big minds from whom I use to learn a lot vanished.

The day I achieve the wisdom as to say "cable will", will be the day I'll move to Africa as to help fighting AIDS and Hunger, trading with the countries's reserves, full leverage and will get my Nobel Price for Peace. May be some day

BTW, Dow Jones collapsed. Now -130.

I'm a compulsive UJ buyer, as you know. So bottom fishing goes on.

Cable at 9820 is no big deal. Even extending to 9780, as I'd like to see, is no big deal. We can't forget that this move started at 9211 for 920 pips and corrected a total of 325pips so far.

But I'd like to see GJ extending a correction at least to 238.00 to form a double bottom with yesterday's move. I have a buy order awaiting at this level to be triggered some day.
  • #4,412
  • May 10, 2007 9:36am May 10, 2007 9:36am
we are almost there!!

Quoting cesarnc


But I'd like to see GJ extending a correction at least to 238.00 to form a double bottom with yesterday's move. I have a buy order awaiting at this level to be triggered some day.
  • #4,413
  • May 10, 2007 9:42am May 10, 2007 9:42am
Quoting cesarnc

But I'd like to see GJ extending a correction at least to 238.00 to form a double bottom with yesterday's move. I have a buy order awaiting at this level to be triggered some day.
Yup, happened few minutes after I wrote it.
  • #4,414
  • May 10, 2007 9:42am May 10, 2007 9:42am
we are at 237.90s..
I'm just moving clouds today - tomorrow I'll try mountains.
  • #4,415
  • May 10, 2007 9:43am May 10, 2007 9:43am
so now you are bull??


Quoting cesarnc
Yup, happened few minutes after I wrote it.
  • #4,416
  • May 10, 2007 9:43am May 10, 2007 9:43am
S2 is located at 237.46
  • #4,417
  • May 10, 2007 9:46am May 10, 2007 9:46am
Quoting cesarnc
But I'd like to see GJ extending a correction at least to 238.00 to form a double bottom with yesterday's move. I have a buy order awaiting at this level to be triggered some day.
Your buy order got filled. What do you see as your exit point now? And are you looking short term or long term? Thanks in advance for your insight.
  • #4,418
  • May 10, 2007 9:49am May 10, 2007 9:49am
Quoting yezbick
S2 is located at 237.46
I have it as S3. I'm a buyer at that level, too

Hey, I trade Yen for larger terms only. They eventually pay off, but gotta chew some bitter days with them. Problem is when the move comes, you only see when it's gone, so I prefer building small positions during these pullbacks rather than attempeting to jump at high levels, where they usually bounce off hard and let you looking for your pants.

For those who go for quick pips, watchout. Yen crosses are being dumped across the board as we speak.
  • #4,419
  • May 10, 2007 9:49am May 10, 2007 9:49am
Quoting cesarnc

But I'd like to see GJ extending a correction at least to 238.00 to form a double bottom with yesterday's move. I have a buy order awaiting at this level to be triggered some day.
seems you didint need to wait so long .)

going to keep eye on resistanse around 238.60/80.
if it bounces here at the 237.85/90 support .
  • #4,420
  • May 10, 2007 9:52am May 10, 2007 9:52am
Quoting Sami7
So when are we going to see some movement? Has the Dow finished dumping?
Hi Sami!
I guess you can now see some movements, lots of it. The support level have been broken.
I will trail my stop and see what happens.
Eyes For Pips!
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