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Daily GBP/JPY analysis

  • #5,841
  • Jun 8, 2007 3:50pm Jun 8, 2007 3:50pm
Quoting melpheos
nothing sure here, the market is doing strange things now... We will see how China reacts.

If SSE is up, we are good for rally to the north. Otherwise, we will see another massive unwind.

Some analysts sees the dow @ 14000 and we are just 560 point from there...
Can you be specific for SSE?
  • #5,842
  • Edited 4:57pm Jun 8, 2007 4:04pm | Edited 4:57pm
Quoting Michael O.
Hello Cesarnc,

it's a silly question maybe, but, does Dow Jones ending day in significant + mean that GBP/JPY and USD/JPY wil get a push up?

Regards

Mike
Don't know... I'm extra careful next week until all inflation-related announcements are out. Then - MAYBE - we will be able to figure out something here...

This week's moves were much more panic driven from this shift in US rate bias than anything else... I'm a scalper for tiny pips during the whole week
  • #5,843
  • Jun 8, 2007 4:32pm Jun 8, 2007 4:32pm
Quoting cesarnc
Don't know... I'm extra careful next week until all inflation-related announcements are out. Then - MAYBE - we will be able to figure out something here...

This week's moves were much more panic driven from this shift in US rate bias than anything else... I'm a scalper for tiny pips during the whole the week
Thank you

Mike
  • #5,844
  • Jun 8, 2007 5:11pm Jun 8, 2007 5:11pm
Tell me about this rate bias shift

Quoting cesarnc
Don't know... I'm extra careful next week until all inflation-related announcements are out. Then - MAYBE - we will be able to figure out something here...

This week's moves were much more panic driven from this shift in US rate bias than anything else... I'm a scalper for tiny pips during the whole week
100% of traders are losers. Just that some win more than they lose!
  • #5,845
  • Jun 8, 2007 5:29pm Jun 8, 2007 5:29pm
Quoting trader8686
Can you be specific for SSE?
Shangai Stock Exchange => SSE
  • #5,846
  • Jun 10, 2007 6:25pm Jun 10, 2007 6:25pm
exit all gj positions@ 239.00. -75 pips.
BAM BAM BOOM! -bravado
  • #5,847
  • Jun 10, 2007 6:28pm Jun 10, 2007 6:28pm
Quoting bravado
exit all gj positions@ 239.00. -75 pips.
reopened my hedge at 239.70 after taking .1 buy profit 15 pips

btw, price has bounced back on EMA50 H1...Maybe another sell off on the run
  • #5,848
  • Jun 10, 2007 6:33pm Jun 10, 2007 6:33pm
Quoting bravado
you can day trade this pair. just don't buy too much.

main trend for this pair is up. and it will be for quite awhile.

as a experiment:

1) buy a lot worth .01 usd (penny) at current level. (less if your broker allows you to and you don't have good initial capital. $50,000 or less)
2) if you are in the negative territory, wait(sometimes weeks).
3) wait until you are in the positive territory.
4) exit on your discretion.
5)try not to sell this pair.
disregard this strategy for the time being. new developments since last week/data releases.
BAM BAM BOOM! -bravado
  • #5,849
  • Edited 7:20pm Jun 10, 2007 6:45pm | Edited 7:20pm
Here's some reversal times to look out for (magenta vertical lines).... Let's see if they are worth anything. All times are mt4 times. Long term target will be the 244.xx-245.xx area.... I'll fine tune the target as time goes on.

Pay Attention to these reversal times:
6-11-07 11:45 MT4 TIME/6-11-07 5:45 a.m. EST
6-11-07 18:15 MT4 TIME/6-11-07 12:15 p.m. EST
Price will usually establish a good pivot at these times and then reverse in the opposite direction.
As i mentioned before if this 237.66 low is broken look for 234 to come into play.
Attached Image (click to enlarge)
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  • #5,850
  • Jun 10, 2007 6:47pm Jun 10, 2007 6:47pm
Quoting melpheos
..Maybe another sell off on the run
need more time for this pair. letting this one just roll freely.
BAM BAM BOOM! -bravado
  • #5,851
  • Jun 10, 2007 7:01pm Jun 10, 2007 7:01pm
so were do you see use going today the numbers just out were not to bad. so it looks like the boj will not rise rates soon so do you think it will be ok for the carry trades and carry on up
  • #5,852
  • Jun 10, 2007 7:09pm Jun 10, 2007 7:09pm
Quoting dirtymonkey79
so were do you see use going today the numbers just out were not to bad. so it looks like the boj will not rise rates soon so do you think it will be ok for the carry trades and carry on up
it's still deflatory so it shows that even if worldwide there is some inflation running (analysts says so but i'm a bit suspicious) , Japan is not part of the run...

normally it "should" be bad for Yen but nowaday nothing is sure ^^
  • #5,853
  • Jun 10, 2007 7:15pm Jun 10, 2007 7:15pm
Quoting dirtymonkey79
so were do you see use going today..do you think it will be ok for the carry trades and carry on up
no good to think at this stage. just watch. then thinking will come.
BAM BAM BOOM! -bravado
  • #5,854
  • Jun 10, 2007 7:17pm Jun 10, 2007 7:17pm
Quoting melpheos
it's still deflatory so it shows that even if worldwide there is some inflation running (analysts says so but i'm a bit suspicious) , Japan is not part of the run...

normally it "should" be bad for Yen but nowaday nothing is sure ^^
so what would you say was a good course of action to take ?
  • #5,855
  • Jun 10, 2007 8:11pm Jun 10, 2007 8:11pm
Quoting dirtymonkey79
so what would you say was a good course of action to take ?
Price action.
  • #5,856
  • Jun 11, 2007 1:14am Jun 11, 2007 1:14am
Quoting mcv-exchange
Here's some reversal times to look out for (magenta vertical lines).... Let's see if they are worth anything. All times are mt4 times. Long term target will be the 244.xx-245.xx area.... I'll fine tune the target as time goes on.

Pay Attention to these reversal times:
6-11-07 11:45 MT4 TIME/6-11-07 5:45 a.m. EST
6-11-07 18:15 MT4 TIME/6-11-07 12:15 p.m. EST
Price will usually establish a good pivot at these times and then reverse in the opposite direction.
As i mentioned before if this 237.66 low is broken look for 234 to come into play.
So for this morning, you have 05:45, 11:45; 12:15 and 18:15 EDT as HSSH times (Here Something Should Happen)


Are these daily times or just for today and might I ask how you´ve arrived at these times.....just observation, or something more esoteric?
Trading Levels with WRBs
  • #5,857
  • Jun 11, 2007 1:23am Jun 11, 2007 1:23am
rvhs or hound of baskerville?
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  • #5,858
  • Jun 11, 2007 1:35am Jun 11, 2007 1:35am
Quoting jest1081
rvhs or hound of baskerville?
rvhs ? hound of baskerville ?
  • #5,859
  • Jun 11, 2007 2:47am Jun 11, 2007 2:47am
European news: Bonds and Futures continue aggressive selloff.
  • #5,860
  • Edited 3:36am Jun 11, 2007 2:54am | Edited 3:36am
Pair is twisting aroung EMA50 going from 238.9 (famous resistance now ^^ ) and 239.30-40

My hedge is running as i have no idea what the market is going to do (maybe news will move it )

Edit : i dont get it, PPI is very bad, how come it has no impact on the pound ? PPI is twice as expected but no change at all (except the spike of course ) It should skyrocket but no.... Very weird
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