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Daily GBP/JPY analysis

  • #6,221
  • Jun 15, 2007 2:59pm Jun 15, 2007 2:59pm
Have you ever wondered why ships WAIT for the right tide, ie the one that will take them out to sea.
  • #6,222
  • Jun 15, 2007 3:00pm Jun 15, 2007 3:00pm
Captains don't look to see which way each wave is going, they WAIT til the tide turns
  • #6,223
  • Jun 15, 2007 3:05pm Jun 15, 2007 3:05pm
candle pattern mostly.

Quoting dragon77
scrat......................why

What signal can you see ?
Nihil Sine Deo.
  • #6,224
  • Jun 15, 2007 3:06pm Jun 15, 2007 3:06pm
Quoting dragon77
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
*sigh*

But sometimes she doesn't let you know, and moves away quickly before you can get any fun(volatile market), and in others she plays with you then the phone rings (news release) right when everything is great and you are about to start.

Life is so unfair.


PS: did you know there is no real difference between a pretty lady and an overweight one, save your instinctive drive for the former? It's true!
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #6,225
  • Jun 15, 2007 3:06pm Jun 15, 2007 3:06pm
Scrat.............what timeframe ?
  • #6,226
  • Jun 15, 2007 3:08pm Jun 15, 2007 3:08pm
start with m15, go to h1.

Quoting dragon77
Scrat.............what timeframe ?
Nihil Sine Deo.
  • #6,227
  • Jun 15, 2007 3:10pm Jun 15, 2007 3:10pm
Plutonite

The best chat up line i ever used, was to walk up to the best looking girl and ( sober of course) say

" you look absolutley gorgeous " then just walk away and WAIT

she will find you

Just give them the interest and WAIT
  • #6,228
  • Jun 15, 2007 3:12pm Jun 15, 2007 3:12pm
Scrat

Its best to go " top down"

Start with the weekly then move down, anything below 2hr's is just noise

Took me 3 years to figure that out
  • #6,229
  • Jun 15, 2007 3:17pm Jun 15, 2007 3:17pm
and if you use macd, take a look at daily & weekly charts. you'll see a nice divergence.

Quoting dragon77
scrat......................why

What signal can you see ?
Nihil Sine Deo.
  • #6,230
  • Jun 15, 2007 3:18pm Jun 15, 2007 3:18pm
Please do note that although price action is with us, we are closing the weekend and this is profit taking mostly. Doesn't mean it's wrong, just means it's nothing to get excited about yet.

Have a nice weekend guys.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #6,231
  • Jun 15, 2007 3:23pm Jun 15, 2007 3:23pm
Scrat

I only use MACD to get my interest, when it crosse , then i look at the ema's ,if they don't cross i leave all well alone
  • #6,232
  • Jun 15, 2007 3:25pm Jun 15, 2007 3:25pm
Plutonite,

have a good weekend, here in the UK the fishing season opens tonight......................guess what

Yup I will WAIT till they are begging me to be caught
  • #6,233
  • Jun 15, 2007 3:28pm Jun 15, 2007 3:28pm
This is what I saw, price action off daily s2 and top of the pitchfork, exit was on s1 and the mid line of pitch.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.PNG Size: 25 KB
  • #6,234
  • Jun 15, 2007 3:31pm Jun 15, 2007 3:31pm
Scrat

The squirrel is the best, GJ is the acorn

Brilliant stuff ( shows how bored i am )
  • #6,235
  • Jun 15, 2007 3:34pm Jun 15, 2007 3:34pm
Quoting dragon77
Plutonite,

have a good weekend, here in the UK the fishing season opens tonight......................guess what

Yup I will WAIT till they are begging me to be caught
Fish..girls..charts. There's got to be a bad analogy in there somewhere You have fun with those fishies, and dont you think it's weird every time traders get bored the conversation somehow goes to analogies with women? Merlin must be very amused.

See you next week.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #6,236
  • Jun 15, 2007 3:34pm Jun 15, 2007 3:34pm
Scrat if you made money ( pips ) then that is what this game is all about.

I guess i am a swing trader, i like to get on the ride and stay while I can..............................then wait til it starts again
  • #6,237
  • Jun 15, 2007 3:39pm Jun 15, 2007 3:39pm
lol... it's not g-j, but my entire forex adventure. every time i think i got it, i have to get through something even more difficult.

Quoting dragon77
Scrat

The squirrel is the best, GJ is the acorn

Brilliant stuff ( shows how bored i am )
Nihil Sine Deo.
  • #6,238
  • Jun 15, 2007 4:04pm Jun 15, 2007 4:04pm
well the markets closed for another weekend. lets hope that next week is just as good with the pips.
  • #6,239
  • Jun 15, 2007 4:22pm Jun 15, 2007 4:22pm
Quoting Scrat
lol... it's not g-j, but my entire forex adventure. every time i think i got it, i have to get through something even more difficult.
I know the feeling...

I started with "buy low, sell high"....

Then came this guy "fibonacci" (whatta hell?)
Oh! I got it now...

Then came "BOE's surprise hike" (whatta hell?)
Oh! I got it now...

Then came this "carry trade" (whatta hell?)
Oh! I got it now...

Then came "Chinese stock market selloff" (whatta hell?)
Oh! I got it now...

Then came "CB officers against Yen weakness" (whatta hell?)
Oh! I got it now...

Then came "dollar-index" (whatta hell?)
Oh! I got it now...

Then came "Rumours from Iran" (whatta hell?)
Oh! I got it now...

Then came "Dow Jones" (whatta hell?)
Oh! I got it now...

Then came "10yr Treasury" (whatta hell?)
Oh! I got it now...

There you have it, now try "buy low sell high" with these!
  • #6,240
  • Jun 15, 2007 4:35pm Jun 15, 2007 4:35pm
Quoting skorcht
how long before the YEN is worth less than a Peso?
holy krap

TOyota and honda are taking over the world...Japan stock market is doing great per Msnbc
and their currency tanks

the charade continues
You're soo Right! "Charade" is an appropriate conclusion....

I'm a victim of the NYC public school system, so I'm oblivious to how one foriegn country's currency affects another. I'd like to know...

...Is there a more powerful country (than Japan) who maybe strong-arming them to artificially supress the value of their currency?

...Is this why the Fukui suggested a "gradual" rate adjustment?

...What will be the sequence of events (in terms of other countrys response) be when the BOJ finally raise its rates...(even a smijjen)

Thank you all for your informative Posts.

L.
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