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Daily GBP/JPY analysis

  • #7,041
  • Jun 26, 2007 6:27pm Jun 26, 2007 6:27pm
Quoting nathbear
The smart money wants to avert risk and unravel their carry positions. That's what is happening. When the retail market steps in and buys on dips constantly, we're simply giving the big boys a better price to unwind their positions. Eventually liquidity is going to dry up on this beast and it is going to drop like a rock. I hope it doesn't take too many people with it is all I have to say on the matter.
Thought they might wait until Thursday at least. Would like nice on end of 1/4 books
  • #7,042
  • Jun 26, 2007 6:37pm Jun 26, 2007 6:37pm
Quoting Rustyyy
Thought they might wait until Thursday at least. Would like nice on end of 1/4 books
That is DEFINITELY another factor at play here.
  • #7,043
  • Jun 26, 2007 6:43pm Jun 26, 2007 6:43pm
Quoting bravado
take 2/3 of profits on all yen longs here. split 1/3 to limit sell above with tight stops and 1/3 to limit sell below with stops as well.

let 1/3 ride as it may. i need some free margin for other trades as well.
level 2/3 dump @ 245.55 GJ, 122.90 UJ, 103.75 AJ.
BAM BAM BOOM! -bravado
  • #7,044
  • Jun 26, 2007 6:55pm Jun 26, 2007 6:55pm
Quoting OrionsWay
I hear that Bravado
orion, the chart you posted is hard to read. what is it saying.
maybe a close up?
BAM BAM BOOM! -bravado
  • #7,045
  • Jun 26, 2007 7:02pm Jun 26, 2007 7:02pm
It was just a fib retracement from the second swing low mar 14th to the high .373 or 500 would be a reasonable decline area Medium term maybe around that blue 4 which was a high volume buying, should be tested at some point
"Millionaires don't use astrology, billionaires do"
  • #7,046
  • Jun 26, 2007 7:04pm Jun 26, 2007 7:04pm
Quoting OrionsWay
It was just a fib retracement..high volume buying, should be tested at some point
understood.
BAM BAM BOOM! -bravado
  • #7,047
  • Jun 26, 2007 7:05pm Jun 26, 2007 7:05pm
up it goes again.
BAM BAM BOOM! -bravado
  • #7,048
  • Jun 26, 2007 7:45pm Jun 26, 2007 7:45pm
Im hell short on eurusd, gbpusd and euryen, using gbpyen as my hedge. Lol, guerilla mode, cutting mounts.
  • #7,049
  • Jun 26, 2007 7:49pm Jun 26, 2007 7:49pm
why it is going up ?
byebye costly moments.
  • #7,050
  • Jun 26, 2007 7:50pm Jun 26, 2007 7:50pm
Hey Guys,

How come when the Nikkei is down big that the Yen currency strengthen??

I understand when the Dow drops that the USD currency weakens but why its an inverse reaction when it comes to Nekkei?

whats the relation?
  • #7,051
  • Jun 26, 2007 7:56pm Jun 26, 2007 7:56pm
I got out at 245.60 almost 200 pips. Gonna look to enter short on a clear break of 245.40 or long in care of bottoming around here.
We leave no soldier behind.
  • #7,052
  • Jun 26, 2007 7:58pm Jun 26, 2007 7:58pm
Quoting bravado
up it goes again.
YEN has minor support arround the 122.80 lvl.....its not over yet the move upward is still very much strong until that 125.00 lvl is broken.

Breeze
  • #7,053
  • Jun 26, 2007 7:58pm Jun 26, 2007 7:58pm
Quoting bravado
up it goes again.
Ah..the master ...how far ? Plus 100 pips ?

I think this is your Ninja ladies working their magic again....
  • #7,054
  • Jun 26, 2007 8:01pm Jun 26, 2007 8:01pm
Quoting newjersey24
Hey Guys,

How come when the Nikkei is down big that the Yen currency strengthen??

I understand when the Dow drops that the USD currency weakens but why its an inverse reaction when it comes to Nekkei?

whats the relation?
Nikkei just opened...for nikkei to be moving 200 pts in morning session is normal...
  • #7,055
  • Jun 26, 2007 8:04pm Jun 26, 2007 8:04pm
Ok, but why the Yen strentghens?


When Dow is down, many times you'll see DOllar weaken.

But thats not the same as the yen.
  • #7,056
  • Jun 26, 2007 8:10pm Jun 26, 2007 8:10pm
Quoting newjersey24
Ok, but why the Yen strentghens?


When Dow is down, many times you'll see DOllar weaken.

But thats not the same as the yen.
Well the D/J and carry trades are like brother and sister.....it really gives a clear drn on where the YEN and its crosses are heading....another factor......Watch the Shanghai Stock Market...most of the time it will reverse losses that occured overnite...especially on YEN and its crosses.

Breeze
  • #7,057
  • Jun 26, 2007 8:19pm Jun 26, 2007 8:19pm
Quoting jest1081
Nikkei just opened...for nikkei to be moving 200 pts in morning session is normal...

Well NIKKEI and YEN have no bond at all....according to my research....I found the FTSE....D/J....and SSEC have a strong effect on YEN and its crosses.

Breeze
  • #7,058
  • Jun 26, 2007 8:20pm Jun 26, 2007 8:20pm
did i say anythiong about correlation? I was just saying that its normal for nikkei to shed 200 points and then gain back..LOL
  • #7,059
  • Jun 26, 2007 8:32pm Jun 26, 2007 8:32pm
Quoting jest1081
did i say anythiong about correlation? I was just saying that its normal for nikkei to shed 200 points and then gain back..LOL
Well i was making a point from your statement u dont have to be so sensetive some people dont know that theres no correlation betwwen YEN and the NIKKEI....I bet u too didnt know that theres a STRONG correllation between the Shanghai market and YEN crosses....were here to help each other in everyway possible....so when you (LOL) i dont acctually know what u mean.....seems like you kno too mush.
  • #7,060
  • Jun 26, 2007 8:39pm Jun 26, 2007 8:39pm
Glad to see you posting here Breeze. I enjoyed your posts at dailyfx.
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