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Daily GBP/JPY analysis

  • #7,341
  • Jun 27, 2007 8:02pm Jun 27, 2007 8:02pm
Quoting 4x_Trader
Go ahead bro short now......cry later! Peace muzicmasti!

19:52JN Industrial production comes in -.4% vs .9% est JPY data was bad....
i'm shorting it and already up 50+ pips its goin well
  • #7,342
  • Jun 27, 2007 8:02pm Jun 27, 2007 8:02pm
Quoting 4x_Trader
Go ahead bro short now......cry later! Peace muzicmasti!

19:52JN Industrial production comes in -.4% vs .9% est JPY data was bad....
actually fix's (gj shorts) target of 241's low 242's is obtainable.

but since i am long. i have to duke it out with the bears.
so shorts are not wrong either at this point.
BAM BAM BOOM! -bravado
  • #7,343
  • Jun 27, 2007 8:08pm Jun 27, 2007 8:08pm
can I hope to came back to 246 ??
byebye costly moments.
  • #7,344
  • Jun 27, 2007 8:10pm Jun 27, 2007 8:10pm
Quoting 1000USD
can I hope to came back to 246 ??
Yes. Maybe...

245.51 is 23.6% of Fibonacci. Former support/resistance level.
  • #7,345
  • Jun 27, 2007 8:18pm Jun 27, 2007 8:18pm
245.51 maybe down more ... Am I going to another loos ?
byebye costly moments.
  • #7,346
  • Jun 27, 2007 8:20pm Jun 27, 2007 8:20pm
Quoting 4x_Trader
Go ahead bro short now......cry later! Peace muzicmasti!

19:52JN Industrial production comes in -.4% vs .9% est JPY data was bad....
Yes, i concurr, what a great adding opportunity for the longs
"Millionaires don't use astrology, billionaires do"
  • #7,347
  • Jun 27, 2007 8:22pm Jun 27, 2007 8:22pm
Check out the pin forming on the 4h!
  • #7,348
  • Jun 27, 2007 8:23pm Jun 27, 2007 8:23pm
gj still has more room to drop. about 30-60 pips. and there maybe a pause.
BAM BAM BOOM! -bravado
  • #7,349
  • Jun 27, 2007 8:29pm Jun 27, 2007 8:29pm
please help me ... I have a buy ... close it or will came back up ?
byebye costly moments.
  • #7,350
  • Jun 27, 2007 8:35pm Jun 27, 2007 8:35pm
Quoting bravado
gj still has more room to drop. about 30-60 pips. and there maybe a pause.
someone at another forum say his TP at 42.70
  • #7,351
  • Jun 27, 2007 8:36pm Jun 27, 2007 8:36pm
Quoting 1000USD
please help me ... I have a buy ... close it or will came back up ?
Please do not look for help on live account trading on online forums unless you are willing to take the risk entirely upon yourself. If someone gives you advice and it turns out wrong, you cannot blame them, which means you will probably just feel bad about them.

This said, it should resume up, possibly after US news. I was out near the top as you can see on the thread, will hop back later.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #7,352
  • Jun 27, 2007 8:39pm Jun 27, 2007 8:39pm
Quoting Plutonite
Please do not look for help on live account trading on online forums unless you are willing to take the risk entirely upon yourself. If someone gives you advice and it turns out wrong, you cannot blame them, which means you will probably just feel bad about them. .
Sound advice
"Millionaires don't use astrology, billionaires do"
  • #7,353
  • Jun 27, 2007 8:39pm Jun 27, 2007 8:39pm
Quoting benssol
someone at another forum say his TP at 42.70
my discipline doesn't allow me to target that far.
i take it a few candles at a time as they are created.

as of now. i don't see that happening.

i'll be out before anything like that happens.
BAM BAM BOOM! -bravado
  • #7,354
  • Jun 27, 2007 8:42pm Jun 27, 2007 8:42pm
Quoting 1000USD
please help me ... I have a buy ... close it or will came back up ?
if this is how u intend to trade forex, better give up for now or donate your money to someone who can multiply them. Grow up, man !!!!!!
We leave no soldier behind.
  • #7,355
  • Jun 27, 2007 8:47pm Jun 27, 2007 8:47pm
Quoting bravado
my discipline doesn't allow me to target that far.
i take it a few candles at a time as they are created.

as of now. i don't see that happening.

i'll be out before anything like that happens.
having said that, i agree that 242.70 is obtainable.
BAM BAM BOOM! -bravado
  • #7,356
  • Jun 27, 2007 9:05pm Jun 27, 2007 9:05pm
I have added a long at 245.56 based on the support level. Target is today's high at least.
  • #7,357
  • Jun 27, 2007 9:11pm Jun 27, 2007 9:11pm
Quoting 1000USD
please help me ... I have a buy ... close it or will came back up ?
mate, first learn to trade and then start risking your money...if this is how u r going to trade, u will keep blowing up ur accounts...if u need help or mentoring, mail me at kartram.77 at gmail dot com and i will see what can be done...
  • #7,358
  • Jun 27, 2007 9:22pm Jun 27, 2007 9:22pm
Long again now @ 245.50. Expecting no other major moves down until tommorow. See you guys then, and good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #7,359
  • Jun 27, 2007 9:35pm Jun 27, 2007 9:35pm
Didn't you place a stop loss? One time I made 90-100 pips within half an hour by shorting this pair. But the trend reversed at some point and started going up very slowly. I was waiting for the price to come back down, but kept going up against my hope. As a result, I made a big loss of 110 pips out of this trading without placing a stop. You see, I blew up my profit within a very short time period. Since that happened, I have never made an entry without placing a tight stop as I'm an intra-day trader. Sometimes I get stopped out, but don't care about it as I know that I will be able to recover from the small loss in the next trading.

Quoting 1000USD
245.51 maybe down more ... Am I going to another loos ?
  • #7,360
  • Jun 27, 2007 9:44pm Jun 27, 2007 9:44pm
parked my long truck at 246.75 with positive pips.

now I have 2 trucks, short truck waiting at highway 247.25 and long truck waiting at 244.00.
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