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Daily GBP/JPY analysis

  • #6,201
  • Jun 15, 2007 2:18pm Jun 15, 2007 2:18pm
Quoting gagiul
everybody start shorting, please. Its gonna fall from now. The stars have spoken, its gonna bge blood shed.
Damn, guys, cant believe it. This is a serious disease around this thread. I think I will take a break from it.
How dare you make fun of the stars, you little upstart! Your fate shall be the hellish pits of closed margins!! Fools!!

As for shorting against a trend and bullish news reaction, it is stupid indeed. I was preaching sweet short price levels and I went long on the dragon after the news, 70 pips in no time, out again, shorted upon resistance signs (243.80 )because of my belief in overbought conditions. It may seem a little strange, and it is indeed against the major trend upwards, but look at the charts now (down 50 pips from the high)... can you not see the beauty of astrology? Anyway, SL set at the high of 244.31. And this "disease" you are talking about got me 1341 pips since last week, including a bad GBPUSD trade...so you are right, follow the price, wait for it to move in your direction, but don't ignore the heavenly signs!!

Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #6,202
  • Jun 15, 2007 2:18pm Jun 15, 2007 2:18pm
Why is everybody trying to get every single pip ????

wait for the signal that it is going to reverse then go short........else stay out or hang on to the longs

This is not rocket science
  • #6,203
  • Jun 15, 2007 2:23pm Jun 15, 2007 2:23pm
Can anyone see a short signal yet ????
Attached Image (click to enlarge)
Click to Enlarge Name: SNAG-0000.jpg Size: 55 KB
  • #6,204
  • Jun 15, 2007 2:23pm Jun 15, 2007 2:23pm
out at 74, from 20, still think it's coming down more toward the long term trend. But it's nearly close and no point pushing my luck.
  • #6,205
  • Jun 15, 2007 2:28pm Jun 15, 2007 2:28pm
I applogise to the ladies here

but GJ is like making love to a beautiful woman ( Swiis Tony )

Wait, Wait, Wait.............then hang on
  • #6,206
  • Jun 15, 2007 2:29pm Jun 15, 2007 2:29pm
Swiss even
  • #6,207
  • Jun 15, 2007 2:31pm Jun 15, 2007 2:31pm
Watch the SPX and FTSE

they give direction for ( usually) for GJ
  • #6,208
  • Jun 15, 2007 2:31pm Jun 15, 2007 2:31pm
Quoting dragon77
Can anyone see a short signal yet ????
IMHO yes, the hourly will how this is also a steady, non-volatile textbook style move (slows down, dojis, reverse).

As in the previous post, stops placed at the highs, TP should be conservative given the uptrend. If all goes well I will abandon ship at around 242, or if the price action is very strong, then at 241.

Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #6,209
  • Jun 15, 2007 2:34pm Jun 15, 2007 2:34pm
Quoting Plutonite
How dare you make fun of the stars, you little upstart! Your fate shall be the hellish pits of closed margins!! Fools!!

As for shorting against a trend and bullish news reaction, it is stupid indeed. I was preaching sweet short price levels and I went long on the dragon after the news, 70 pips in no time, out again, shorted upon resistance signs (243.80 )because of my belief in overbought conditions. It may seem a little strange, and it is indeed against the major trend upwards, but look at the charts now (down 50 pips from the high)... can you not see the beauty of astrology? Anyway, SL set at the high of 244.31. And this "disease" you are talking about got me 1341 pips since last week, including a bad GBPUSD trade...so you are right, follow the price, wait for it to move in your direction, but don't ignore the heavenly signs!!

im sorry, i dont understand your heavenly strategy, if u would like to share it (u promised before), maybe u would be of great help to us, the earthly upstarts, oh, you great wizard.
We leave no soldier behind.
  • #6,210
  • Jun 15, 2007 2:34pm Jun 15, 2007 2:34pm
As with all trading, buy at the bottom and sell at the top

the 2hr cycles are so easy
  • #6,211
  • Jun 15, 2007 2:34pm Jun 15, 2007 2:34pm
Quoting dragon77
I applogise to the ladies here

but GJ is like making love to a beautiful woman ( Swiis Tony )

Wait, Wait, Wait.............then hang on
Wait? Hang on? I'm very confused, care to explain (don't worry no ladies around, GJ is a very macho pair)?
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #6,212
  • Jun 15, 2007 2:37pm Jun 15, 2007 2:37pm
plutonite

You must wait for the signal......if you try to soon she will slap you down

Wait, Wait, Wait
  • #6,213
  • Jun 15, 2007 2:40pm Jun 15, 2007 2:40pm
When SHE is finally ready

It is YOU that will have to hang on ( and me)

the ride will be ...........well need i explain further
  • #6,214
  • Jun 15, 2007 2:42pm Jun 15, 2007 2:42pm
If you get the entry right, then no matter whether she is going up or going down !!

It will be worth the wait
  • #6,215
  • Jun 15, 2007 2:44pm Jun 15, 2007 2:44pm
Quoting dragon77
plutonite

You must wait for the signal......if you try to soon she will slap you down

Wait, Wait, Wait
thats a good one, apparently there are some sado-masochists here who really like to get slapped often
We leave no soldier behind.
  • #6,216
  • Jun 15, 2007 2:47pm Jun 15, 2007 2:47pm
Quoting gagiul
im sorry, i dont understand your heavenly strategy, if u would like to share it (u promised before), maybe u would be of great help to us, the earthly upstarts, oh, you great wizard.
You would never nuderstand, these things are for immortals only, once you are promoted to demi-god status I will let the stars talk to you too

For details on this trade please see the post above yours.

Since I am travelling around I only have the time/internet access to make short posts like these when I check the charts, and I see scrat is pretty busy too, but I will write that huge essay if I think I have anything useful to offer that doesn't involve a signal journal (and I dont think so). Every trade is different, trader discretion is inevitable.

Best regards and good luck!
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #6,217
  • Jun 15, 2007 2:48pm Jun 15, 2007 2:48pm
OK I will share this just once more


Go to the 2hr chart plot 8 and 13 ema's

put a standard bolli on it

then underneath have standard MACD

wait for macd to cross ( forwarning ) then WAIT

til you see the 2 ema's cross through the bolli MA

trade that direction
Attached Image (click to enlarge)
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  • #6,218
  • Jun 15, 2007 2:49pm Jun 15, 2007 2:49pm
i forgot... i entered another short @ 244.30, tp @ 242.30 area. or until it hits my sl (currently at b/e).

Quoting gagiul
everybody start shorting, please. Its gonna fall from now. The stars have spoken, its gonna bge blood shed.
Damn, guys, cant believe it. This is a serious disease around this thread. I think I will take a break from it.
Nihil Sine Deo.
  • #6,219
  • Jun 15, 2007 2:50pm Jun 15, 2007 2:50pm
OK OK this one is better
Attached Image (click to enlarge)
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  • #6,220
  • Jun 15, 2007 2:56pm Jun 15, 2007 2:56pm
scrat......................why

What signal can you see ?
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