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Daily GBP/JPY analysis

  • #5,301
  • Jun 1, 2007 10:02am Jun 1, 2007 10:02am
Thanks guys, I'll close right now.
  • #5,302
  • Jun 1, 2007 10:14am Jun 1, 2007 10:14am
Quoting Lagoona2003
Sold at 241.80 which seems to be a pretty heavy resistance area. The G/Y has tested once and couldn't break. The 45 level has also been tested multiple times and has not seen a clear break and is also January's swing high. Trying to make some quick pips by putting my PT at 241.45. What do you guys think?
Just wait until next week. Short GJ on monday then wait for a "china special announcement", then watch it go down 100-200 pips. Close short and enter long for another 100-200 pips. Rinse and repeat. You'll be a millionaire or billionaire in no time.
  • #5,303
  • Jun 1, 2007 10:22am Jun 1, 2007 10:22am
Quoting Pipsqueak
Just wait until next week. Short GJ on monday then wait for a "china special announcement", then watch it go down 100-200 pips. Close short and enter long for another 100-200 pips. Rinse and repeat. You'll be a millionaire or billionaire in no time.
that lamborghini u bought with GY pips u earned from this strategy?
We leave no soldier behind.
  • #5,304
  • Jun 1, 2007 10:27am Jun 1, 2007 10:27am
Quoting bravado
i am a true expert when it comes to trading.

never a novice. never a newbie. those titles were given to the 95%.
"... is right. lost lots of pips yesterday ..." bravado, 1st June? You're blowing hot and cold.


I'm still short GJ leading into next week. Todays upwards move had eaten into other profits but my stoploss is always large for GJ.

A lot depends on what happens to UJ.


.
.
  • #5,305
  • Jun 1, 2007 10:38am Jun 1, 2007 10:38am
Quoting gagiul
that lamborghini u bought with GY pips u earned from this strategy?
Maybe a couple years away...

I've only been trading since february 2007. I still haven't experienced a catastrophic blowup. I can only hope my account will never go there.
  • #5,306
  • Jun 1, 2007 10:47am Jun 1, 2007 10:47am
Quoting forex_newbie
"... is right. lost lots of pips yesterday ..." bravado, 1st June? You're blowing hot and cold.

I'm still short GJ leading into next week. Todays upwards move had eaten into other profits but my stoploss is always large for GJ.

A lot depends on what happens to UJ.
oh, make no mistake about it, that post wasn't directed at you. i just say i'm an expert/pro on random intervals. i lost over -200 pips yesterday on audjpy short with bad money management to boot.

but make no mistake about this either. i AM a pro and a expert when it comes to trading.

this was a tough week indeed.
BAM BAM BOOM! -bravado
  • #5,307
  • Jun 1, 2007 10:50am Jun 1, 2007 10:50am
so dowe think it will break the 242 leave or moveback down as it just does not look to have the steam left to get past it now?
  • #5,308
  • Jun 1, 2007 10:57am Jun 1, 2007 10:57am
long [email protected].
BAM BAM BOOM! -bravado
  • #5,309
  • Jun 1, 2007 10:59am Jun 1, 2007 10:59am
Quoting bravado
long [email protected].
That's the spirit!!!!!!

  • #5,310
  • Jun 1, 2007 11:03am Jun 1, 2007 11:03am
Quoting cesarnc
That's the spirit!!!!!!

next candle is important but further up is favored.
BAM BAM BOOM! -bravado
  • #5,311
  • Jun 1, 2007 11:04am Jun 1, 2007 11:04am
Quoting bravado
long [email protected].
TP @ 242?

On a side note, I've only been trading for a couple of months but I notice whenever GJ gap, it usually gap down. Is it usally like this? So is it a good strategy to hold GJ short over the weekend and tp on Sunday?
  • #5,312
  • Jun 1, 2007 11:07am Jun 1, 2007 11:07am
no sooner had i said it it happens closed my trade now
  • #5,313
  • Jun 1, 2007 11:10am Jun 1, 2007 11:10am
Quoting Pipsqueak
TP @ 242?
tp is well above 242. if i see a conflicting action on the candle i'm out.
BAM BAM BOOM! -bravado
  • #5,314
  • Jun 1, 2007 11:17am Jun 1, 2007 11:17am
looks like a fall to 241.50 can be expected.
BAM BAM BOOM! -bravado
  • #5,315
  • Jun 1, 2007 11:42am Jun 1, 2007 11:42am
Quoting cesarnc
That's the spirit!!!!!!

i think i got a great idea. if my long position fails, it'll be your fault. cause you kept telling everyone to buy it.

if it prevails, it was my skills.

best idea ever.
BAM BAM BOOM! -bravado
  • #5,316
  • Jun 1, 2007 12:10pm Jun 1, 2007 12:10pm
Quoting bravado
i think i got a great idea. if my long position fails, it'll be your fault. cause you kept telling everyone to buy it.

if it prevails, it was my skills.

best idea ever.
Relax bravado. You're too tense for a Friday afternoon.
  • #5,317
  • Jun 1, 2007 12:12pm Jun 1, 2007 12:12pm
wow... just noticed that GJ printed 241.99 here.. (last 1hr candle)

Gotta love this pair

Hope you took profit bravado, coz we're going DOOOOWWNNN now...

  • #5,318
  • Jun 1, 2007 12:21pm Jun 1, 2007 12:21pm
Quoting cesarnc
Hope you took profit bravado, coz we're going DOOOOWWNNN now...

seriously?
BAM BAM BOOM! -bravado
  • #5,319
  • Jun 1, 2007 12:25pm Jun 1, 2007 12:25pm
just came back from a good dinner and wow, 241.99???

Let short now at 241.87 and earn 100 pips on Monday (special China News??)
  • #5,320
  • Jun 1, 2007 12:31pm Jun 1, 2007 12:31pm
Quoting zamans98
just came back from a good dinner and wow, 241.99???

Let short now at 241.87 and earn 100 pips on Monday (special China News??)
so am i wrong in going long here at this level? 241.90.
BAM BAM BOOM! -bravado
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