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Daily GBP/JPY analysis

  • #5,981
  • Jun 13, 2007 9:34am Jun 13, 2007 9:34am
Quoting ns_karthik
looks like up for me too...but will face some resistance and hence some retracement...so the shorts at 240.30 could get off with a bit of profit i suppose...
I like you blog btw
  • #5,982
  • Edited 9:55am Jun 13, 2007 9:55am | Edited 9:55am
Quoting ns_karthik
looks like up for me too...but will face some resistance and hence some retracement...so the shorts at 240.30 could get off with a bit of profit i suppose...
Just been reading your blog - good stuff and keep it up ! With regard to fibs you may want to take a look at a site I use, it contains lots of instructional video and is easy to follow....enjoy !

http://www.mjbraun.net/
  • #5,983
  • Jun 13, 2007 10:08am Jun 13, 2007 10:08am
Quoting ns_karthik
looks like up for me too...but will face some resistance and hence some retracement...so the shorts at 240.30 could get off with a bit of profit i suppose...
how low do you think it will go? if the shorts at 240.30 could get profit?
  • #5,984
  • Jun 13, 2007 10:29am Jun 13, 2007 10:29am
The small cloud on H4 seems to give the pair some hard time.

edit : rebond on EMA50 M15 and in M5 cloud, other TF does not show anything
  • #5,985
  • Jun 13, 2007 10:32am Jun 13, 2007 10:32am
Quoting dukeofdents
The Duke says if you're not trading GBP/JPY right now you need to start. This is an incredibly high-yielding situation, but how long it will last, I don't know. I have copious analysis on this pair because I've been making silly money with it of late, but I wouldn't be surprised if others have as well. Let's get together and analyze it, for fun and profits.


Hi Duke!!
I am on the wrong side of GBP/JPY since 11/06/07.
Any idea of a way out from you or any body?

bahala63
  • #5,986
  • Jun 13, 2007 10:32am Jun 13, 2007 10:32am
Quoting Sniper
I like you blog btw
Hey thanks Sniper...did not know that you were visiting it...
  • #5,987
  • Jun 13, 2007 10:34am Jun 13, 2007 10:34am
Quoting musicman007
Just been reading your blog - good stuff and keep it up ! With regard to fibs you may want to take a look at a site I use, it contains lots of instructional video and is easy to follow....enjoy !

http://www.mjbraun.net/

Thanks Musicman....will surely have a look at it...started liking the fibos though...as i read more and more about them, i have started liking it in a way...
  • #5,988
  • Jun 13, 2007 10:36am Jun 13, 2007 10:36am
Quoting dirtymonkey79
how low do you think it will go? if the shorts at 240.30 could get profit?

well the shorts at 240.30 would be in profit already i guess (it is 240.1 at the time of this writing)....always have very small stop losses when u r against the trend...watch out for the supports and resistances, u never know how big the next move would be...so be safe...

i cannot give a target for shorts cos the trend is long...so it would be difficult unless and until i see it turn which is not going to happen anytime soon...if u get a chance, have a look at my blog for more info abt supports, resistances etc...
  • #5,989
  • Jun 13, 2007 10:46am Jun 13, 2007 10:46am
Are my charts different to others, mine are at 241.20 now, how are 240 shorters in profit ?
  • #5,990
  • Jun 13, 2007 10:54am Jun 13, 2007 10:54am
Quoting dragon77
Are my charts different to others, mine are at 241.20 now, how are 240 shorters in profit ?

oops...sorry abt that...thanks dragon for pointing that out....i misread my charts....let me rephrase that again....those who are shirt at 240.30 might(and thats 'M'ight) just get a chance somewhere over the next 2 days to scrape some profit....but for now, it looks bleak...

i keep saying...dont go short against the trend...if u do, have a very small stop loss....if u r with the trend, u could afford to have a bigger stop loss...
  • #5,991
  • Jun 13, 2007 10:57am Jun 13, 2007 10:57am
Quoting ns_karthik
well the shorts at 240.30 would be in profit already i guess (it is 240.1 at the time of this writing)....always have very small stop losses when u r against the trend...watch out for the supports and resistances, u never know how big the next move would be...so be safe...

i cannot give a target for shorts cos the trend is long...so it would be difficult unless and until i see it turn which is not going to happen anytime soon...if u get a chance, have a look at my blog for more info abt supports, resistances etc...
blog is great at the min its 241.36 not 240 .30 so you dont think it will go that low?
  • #5,992
  • Jun 13, 2007 10:57am Jun 13, 2007 10:57am
guppy will fall more. just give it time.
BAM BAM BOOM! -bravado
  • #5,993
  • Jun 13, 2007 10:58am Jun 13, 2007 10:58am
god damn when will this run up enddd...im still short since 241.00 and i dont know when to exit my position..i feel like i should just stick it through the week....
  • #5,994
  • Jun 13, 2007 11:03am Jun 13, 2007 11:03am
GBPJPY can do anything in a week...lets see how the next 2 days pan out....just a small info....EURJPY getting ready for a upmove and GBPUSD getting ready for a down move...confirmation will arrive in the next 4 hrs (i use a 4H chart...:-))....thats it from me for today...bye...
  • #5,995
  • Edited 12:03pm Jun 13, 2007 11:09am | Edited 12:03pm
Do you see how the pair has been totaly respectfull of the different resistances showing on the charts ?

edit : we are in clear blue sky now, we are in no limit mode. Only trendlines and recent high can give us resistance levels. Anyone still thinking about going short now ? Note that i dont like this, it's getting too fast
  • #5,996
  • Jun 13, 2007 11:58am Jun 13, 2007 11:58am
COuld it be the the start of the move up? I reset on the last down bat at 241.22 if thing thing closes above 241.7 - 8 it's gonna make sexy time!
  • #5,997
  • Jun 13, 2007 12:00pm Jun 13, 2007 12:00pm
Quoting Sniper
COuld it be the the start of the move up? I reset on the last down bat at 241.22 if thing thing closes above 241.7 - 8 it's gonna make sexy time!
sexy time!
As i finished posting
**EDIT**

OB but has room to breath now 1h just closed above 241.9
  • #5,998
  • Edited 12:23pm Jun 13, 2007 12:02pm | Edited 12:23pm
it's not clear yet. maybe at 242.29?

Quoting melpheos
Do you see how the pair has been totaly respectfull of the different resistances showing on the charts ?

edit : we are in clear blue sky now, we are in no limit mode. Only trendlines and recent high can give us resistance levels. Anyone still thinking about going short now ?
Nihil Sine Deo.
  • #5,999
  • Jun 13, 2007 12:07pm Jun 13, 2007 12:07pm
Some serious stops were triggered after 241.70.

And today is also TRIPLE SWAP WEDNESDAY!!!
  • #6,000
  • Jun 13, 2007 12:08pm Jun 13, 2007 12:08pm
took it long earlier at 240.20

just using 8 and 13 ema's on the 1hr

wait till they cross with the boli-ma
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