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Daily GBP/JPY analysis

  • #7,421
  • Jun 28, 2007 8:41am Jun 28, 2007 8:41am
Quoting Sniper
Having and early night. Stuff watching the charts flat line for 5 hours. Sleep then get up early to catch the rates. Cant make up mind whether I will go bear hunting or if I should be ready for a cow tip.

Best leave that till the morning and up to the market conditions eh.

A word for all the new guys. Seeing as you might as well learn something during the flat line.

Watching charts to much will have the same effect on your account as this cat does on the dog.

From experience
BUSTED!!!!!!!!

http://www.worth1000.com/entries/241...1616WcFB_w.jpg

  • #7,422
  • Jun 28, 2007 8:59am Jun 28, 2007 8:59am
Quoting Sniper
Having and early night. Stuff watching the charts flat line for 5 hours. Sleep then get up early to catch the rates. Cant make up mind whether I will go bear hunting or if I should be ready for a cow tip.

Best leave that till the morning and up to the market conditions eh.

A word for all the new guys. Seeing as you might as well learn something during the flat line.

Watching charts to much will have the same effect on your account as this cat does on the dog.

From experience
HAHAHAA thats great pic, just what the dulldrum needs
"Millionaires don't use astrology, billionaires do"
  • #7,423
  • Jun 28, 2007 9:16am Jun 28, 2007 9:16am
4hrs looks more and more like a bear flag, not sure the integrity of these longs. If all that buying was momentum funds, pension funds then those guys are the late ones to the table always, and they get their heads handed to them constantly, just very hard to tell atm

placed protective hedge 46.39, better safe than give all back or lose position if wrong
"Millionaires don't use astrology, billionaires do"
  • #7,424
  • Jun 28, 2007 9:21am Jun 28, 2007 9:21am
short down, long high???
  • #7,425
  • Jun 28, 2007 9:24am Jun 28, 2007 9:24am
Quoting OrionsWay
4hrs looks more and more like a bear flag, not sure the integrity of these longs. If all that buying was momentum funds, pension funds then those guys are the late ones to the table always, and they get their heads handed to them constantly, just very hard to tell atm

Long? You in atm?

I was but thought it best to close when I saw the dip coming. Got me a few extra pips. This thing is just waiting for the news. I think the house wives may be pulling a late/early one on this one. Rates go up Yen goes down. Rates stay the same and DOW goes up Yen goes down. Rates drop and Yen goes up.

Only 3 scenarios I am looking for. Was supposed to sleep but cant. Sucks being a night owl.
  • #7,426
  • Jun 28, 2007 9:25am Jun 28, 2007 9:25am
Quoting persian.forex
short down, long high???
Dow Jones flat, the whole market frozen. All about the FED's statement today... Although it can provide nice moves, I hate the crazy hour during the mumbo jumbo
  • #7,427
  • Jun 28, 2007 9:27am Jun 28, 2007 9:27am
Was about to say the same thing... Time to call it a night...
I've been doing couple of 10pip scalps... errghh... can't do too many of those..
Chances favour the prepared.
  • #7,428
  • Jun 28, 2007 9:29am Jun 28, 2007 9:29am
Quoting cesarnc
Dow Jones flat, the whole market frozen. All about the FED's statement today... Although it can provide nice moves, I hate the crazy hour during the mumbo jumbo

Tight stop straddle scalping. Might as well take advantage of the bipolar nature of the market then I say.

And not for the feint hearted.
  • #7,429
  • Jun 28, 2007 9:29am Jun 28, 2007 9:29am
Quoting jasonowl
Was about to say the same thing... Time to call it a night...
I've been doing couple of 10pip scalps... errghh... can't do too many of those..
Also closed the majority of my positions. Better trade the breakout later on than jumping off the chair everytime we see a 2 pips move right now
  • #7,430
  • Jun 28, 2007 9:30am Jun 28, 2007 9:30am
Sniper yea im long from 44.16 and hedged 46.39. hard telling the scenario to unfold isnt it. If they push north i dont mind losing a few pips on the upmove from shorts and keep my base in place. But if truely working a W4 on dailies atm we could see them numbers quoted in here last night. Lo 240's.
"Millionaires don't use astrology, billionaires do"
  • #7,431
  • Jun 28, 2007 9:31am Jun 28, 2007 9:31am
Quoting persian.forex
my avater is tehran earth quack... 2days ago
damn, i didn't know about this.. didn't know earth quacked either...
reminds me of AFLAC! haha!
  • #7,432
  • Jun 28, 2007 9:31am Jun 28, 2007 9:31am
Quoting cesarnc
Dow Jones flat, the whole market frozen. All about the FED's statement today... Although it can provide nice moves, I hate the crazy hour during the mumbo jumbo


nice moves

i like nice moves
  • #7,433
  • Jun 28, 2007 9:35am Jun 28, 2007 9:35am
Quoting OrionsWay
Sniper yea im long from 44.16 and hedged 46.39. hard telling the scenario to unfold isnt it. If they push north i dont mind losing a few pips on the upmove from shorts and keep my base in place. But if truely working a W4 on dailies atm we could see them numbers quoted in here last night. Lo 240's.

After all this waiting something had better bloody happen. I don't want another delayed reaction.

Quoting cesarnc
Also closed the majority of my positions. Better trade the breakout later on than jumping off the chair everytime we see a 2 pips move right now
Yeah if for some unknown very very left field reason something changes. Everything going to explode. Not work the risk IMO.

Precaution is better then regret.

But regret can be a learning curve
  • #7,434
  • Jun 28, 2007 9:37am Jun 28, 2007 9:37am
Quoting m00jiman
damn, i didn't know about this.. didn't know earth quacked either...
reminds me of AFLAC! haha!

whats AFLAC??
  • #7,435
  • Jun 28, 2007 9:38am Jun 28, 2007 9:38am
Today's Rate Statement Strategy....

http://www.zabadani.net/wp-content/u....%20addict.jpg
  • #7,436
  • Jun 28, 2007 9:38am Jun 28, 2007 9:38am
Moved long sl 45.20 i guess if it drops to their selling is the mantra
"Millionaires don't use astrology, billionaires do"
  • #7,437
  • Jun 28, 2007 9:40am Jun 28, 2007 9:40am
Quoting cesarnc
Today's Rate Statement Strategy....

http://www.zabadani.net/wp-content/u....%20addict.jpg
ROFL by the time it comes out I'ma gonna need one of those drips I will be sleepy as hell.
  • #7,438
  • Jun 28, 2007 9:43am Jun 28, 2007 9:43am
Quoting persian.forex
whats AFLAC??
this is all irrelevant, but im screaming like this duck. this is a tv ad in US about insurance company, where duck goes AFLAC.

Market needs to move, so boring. Looks like all pairs forming heavy resistance around current positions.

but here's the image anyways.

http://www.hotelinteractive.com/imag...ac_150x150.jpg
  • #7,439
  • Jun 28, 2007 9:47am Jun 28, 2007 9:47am
Quoting cesarnc
Today's Rate Statement Strategy....

http://www.zabadani.net/wp-content/u....%20addict.jpg
  • #7,440
  • Jun 28, 2007 10:03am Jun 28, 2007 10:03am
Quoting cesarnc
Today's Rate Statement Strategy....

http://www.zabadani.net/wp-content/u....%20addict.jpg
What are you guys all jittery about.

Fed won't hike. The only interesting bit may be the way they try to sell that.
In any case, there isn't a direct impact on the guppy.
It may influence the guppy indirectly if it causes a sell off in stocks, not a post news sell-off but a continuation of this weeks downtrend. Which was broke the trendline pretty much yesterday.
And even if this thing drops another 500 pips, it's just another busstop for me to load up more longs.....
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