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Daily GBP/JPY analysis

  • #4,461
  • May 11, 2007 9:58am May 11, 2007 9:58am
Quoting Mother


just to be carefull not to sell own mother on the way .)
I'm just a compulsive Yen seller these days...

Took a long time to realize how it works, specially UJ. A good bottom driven by CB officers commentaries are proven AMAZING dips to buy.... Also on fundamental driven risk aversion as yesterday.

But it has its timming, we gotta respect. You know, the "patience" mumbo jumbo
  • #4,462
  • Edited 11:09am May 11, 2007 10:46am | Edited 11:09am
Quoting cesarnc
But it has its timming, we gotta respect. You know, the "patience" mumbo jumbo
indeed! still lot of aspects to fill(experience).

But now now sixpack of beer to smooth the rest of the day.

seems after quiet beginning. its going to be another nice day to trade.

this current resistanse in 238.40/45 might be hard to crack. breaking tru whoud break the 9th may(TOP) down trend. but overall seems to got refreshed new energy from the bottom. but is not in clear waters yet.

GBP/USD got hard cut from the resistanse. need to see how it will gather up again.
  • #4,463
  • May 11, 2007 11:56am May 11, 2007 11:56am
The resistance was right at the 618
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  • #4,464
  • May 11, 2007 3:40pm May 11, 2007 3:40pm
Closed right on the 50 too...amazing.
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  • #4,465
  • May 11, 2007 4:37pm May 11, 2007 4:37pm
Anyone here knows why the price dropped to exactly that point?

I think i discovered why that point (236.41), but i just want to check different views, can anyone tell me technically why that point?
  • #4,466
  • May 11, 2007 4:54pm May 11, 2007 4:54pm
Quoting Warper
Anyone here knows why the price dropped to exactly that point?

I think i discovered why that point (236.41), but i just want to check different views, can anyone tell me technically why that point?
I trade GJ looking at GU and UJ. Both stopped at expected supports. 119.50 and 9770 areas.

I don't run GJ techis, I just match GU and UJ techis for guidelines.
  • #4,467
  • May 11, 2007 4:54pm May 11, 2007 4:54pm

Because my stop loss is at that exact point 236.41. They want to frustrate my to hell.

  • #4,468
  • May 11, 2007 4:56pm May 11, 2007 4:56pm
Quoting amylase

Because my stop loss is at that exact point 236.41. They want to frustrate my to hell.



believe you me. I know the feeling...
  • #4,469
  • Edited 5:31pm May 11, 2007 5:17pm | Edited 5:31pm
Quoting Warper
Anyone here knows why the price dropped to exactly that point?

I think i discovered why that point (236.41), but i just want to check different views, can anyone tell me technically why that point?
dont know shoud i laught or cry. but technical analysis.

http://www.kapteeni.org/iRMA/11may.jpg

this phenomen happening is driving me madness as more closer i look why market behaves this way more far i get from the idea of market.

probubly will be obsessed my whole life with this question.. and when finaly finding the pattern for this. i will drop dead and be in better fishing grounds.

dont know if intrested. But here is theory what i am after. some small parts from conspet what trying to write and study

http://www.forexfactory.com/showpost...62&postcount=3
http://www.forexfactory.com/showpost...1&postcount=18
http://www.forexfactory.com/showpost...2&postcount=27
http://www.forexfactory.com/showpost...1&postcount=10
  • #4,470
  • May 11, 2007 5:31pm May 11, 2007 5:31pm
Quoting Mother
dont know shoud i laught or cry. but technical analysis.

this phenomen happening is driving me madness as more closer i look why market behaves this way more far i get from the idea of market.

probubly will be obsessed my whole life with this question.. and when finaly finding the pattern for this. i will drop dead and be in better fishing grounds.
you don't have to be mad, Mother...

People say that fundamentals don't move the market, because they reflect the past.

What I see is that market don't care about the actual economical data. They trade the TREND - Yes, fundamentals trend, too. Actually, the "currencies should reflect fundamentals", right? .

So the currencies' trends are not the drivers. They trend as the fundamentals trend.

Lil bit further: the fundamental's trend reflect in the market's sentiment, that, - GUESS? - trends as well...

In this view, the technical analysis point to key prices where key interests are likely to lie. Barriers and stops, mostly.

Well, this makes sense. Because you feel so good when your Stop Loss is well behind a last noticeable support/resistance, don't you?

Although a myriad of threads here generates huge discussions regarding this issue, for me it's crystal clear: Fundamentals -> Market's sentiment -> trades (NYSE, FOREX, Gold, Oil, you name it)
  • #4,471
  • May 11, 2007 5:38pm May 11, 2007 5:38pm
And last but not least, I issued a challenge in FF a few months ago, never answered:

Bring me a non-edited video footage of Bernanke, Trichet or Fukui where they say loud and clear:

- "let's raise rates because Cable is OVERSOLD in the daily chart - Stochs AND RSI!!!"

OR

- "let's sell $ 100 billion today because the market is expecting the 50% fib low high to be traded TOOODDAYYY !!!!"

or

- "We gotta go to the wires now and say something you know? The Sub-Wave 3 just finished and we must provide the impulsive wave 4 to the market today"....

... and I will surrender to the tech bullshit
  • #4,472
  • May 11, 2007 5:55pm May 11, 2007 5:55pm
but why whyyyy it behaves like this. i am human being! my brain can not candel something what i can not understand. and it seeks the solution for this. and why in this chaotis pattern have this wierd points countet tru mathematic. by dude from year 0 and 1 Fibonacci!. there is something wierd going on! :surprised

i am far from flaming fundamentals as it seems they have same ending point. but tru fundamentals i can not see/understand/study the pattern.

if ithe ansfer is that everyone look thos points. but then itcreates some global setting what human observe and that is created tru mathematic what is possible to observe tru our own eyes. and this starts to go gray twile light zone! of everyting what exists around us.

as thos matmatical patterns can be observer in every where in nature and it only leads that we observe world that way.
and will end back to thequestion WHY?
  • #4,473
  • May 11, 2007 5:59pm May 11, 2007 5:59pm
So, where's the GBP/JPY headed now guys? I put a short in at 238.00 as i thought it would fall before the close for the day. Well, I'm a genius as you can see by the current price. Where do you guys think it's going Sunday/Monday?
  • #4,474
  • May 11, 2007 6:23pm May 11, 2007 6:23pm
Quoting Mother
but why whyyyy it behaves like this. i am human being! my brain can not candel something what i can not understand. and it seeks the solution for this. and why in this chaotis pattern have this wierd points countet tru mathematic. by dude from year 0 and 1 Fibonacci!. there is something wierd going on! :surprised

i am far from flaming fundamentals as it seems they have same ending point. but tru fundamentals i can not see/understand/study the pattern.

if ithe ansfer is that everyone look thos points. but then itcreates some global setting what human observe and that is created tru mathematic what is possible to observe tru our own eyes. and this starts to go gray twile light zone! of everyting what exists around us.

as thos matmatical patterns can be observer in every where in nature and it only leads that we observe world that way.
and will end back to thequestion WHY?
You're so funny, Mother

Fibonnaci realized that a key figure repeats in nature the 0.618.... Why nature picked this number? I don't know.

But nature is known by its tendency of "saving energy". Had Nature picked 0.722, or 0.524, or anything else, it would repeat.

Your DNA is 50% IDENTICAL to a banana's, you know? Why? Saving energy. Why creating a brand new live being, if 50% of the genetic requirements serves for both? "Keep them"

Some years ago, a bunch of guys discovered that "in most cases" fibonacci-like figures emerged from the Stock Market price action. That was a attempt to proof that the prices did not move randomly.

GUESS WHAT?

Now the market respects Fibonacci's retracement ALMOST AT THE PIP, because EVERYBODY TRADES THEM .

So you, me and the deep pockets simply exit or entry the market at those levels. We are all PUSHING the Fibonaccis to materialize.

Better this way imo.

Sorry the off-topic. I'm a fibonacci/cosmology/conspiracy theory enthusiastic long before I knew forex.

And at the 4th bottle of beer, the posts get overextended...

I'm done for the week

Nice weekend...
  • #4,475
  • May 11, 2007 6:28pm May 11, 2007 6:28pm
Quoting Mother
i am far from flaming fundamentals as it seems they have same ending point. but tru fundamentals i can not see/understand/study the pattern.
Yes you can
  • #4,476
  • May 11, 2007 6:32pm May 11, 2007 6:32pm
Quoting cesarnc
Sorry the off-topic. I'm a fibonacci/cosmology/conspiracy theory enthusiastic long before I knew forex.
RESPECT! have a great weekend!

Best Regards
the banana man! (wow i need to confim this .)
  • #4,477
  • May 11, 2007 6:39pm May 11, 2007 6:39pm
Quoting Mother
RESPECT! have a great weekend!

Best Regards
the banana man! (wow i need to confim this .)


Too much beer in my brain now... can't afford answering to it right now, without being rude
  • #4,478
  • May 11, 2007 7:06pm May 11, 2007 7:06pm
Quoting cesarnc


Too much beer in my brain now... can't afford answering to it right now, without being rude
dont worry just talking for my underware drunk. not so serious .)
  • #4,479
  • May 13, 2007 9:47pm May 13, 2007 9:47pm
Where is everyone?

  • #4,480
  • May 14, 2007 12:48am May 14, 2007 12:48am
Welcome to a great week of winning trades!
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