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Daily GBP/JPY analysis

  • #7,761
  • Jul 2, 2007 9:15am Jul 2, 2007 9:15am
Quoting OrionsWay
u will be able to buy off the 50% fib of total smaller upmove by 19:00 gmt me thinks

cable gonna sell off next hr bar

Also the 200 EMA seems to offer some support to G/Y.
  • #7,762
  • Jul 2, 2007 9:18am Jul 2, 2007 9:18am
Quoting cesarnc
Dow Jones taking out 13,500, 10yr @ 5.03%, dollar index at 81.50.

Pressure on the dollar is hitting UJ on the chin, in spite of the lousy tankan. However, UJ lies in a monster trendline at mid-122s.

Unless some risk aversion hits the market, I'm not seeing doomsday for GJ. GU chopping woods at 0100 and Euro @ 3600.

Big picture seems "risk apetite" to me, which favours yen crosses long
How's your appetite today? Feeling like bear hunting?

When your long truck rolls out make sure to hit these guys. They seem to think the long road is their's
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  • #7,763
  • Jul 2, 2007 9:18am Jul 2, 2007 9:18am
Euro rallies on new highs as momentum accounts continue to buy
  • #7,764
  • Jul 2, 2007 9:18am Jul 2, 2007 9:18am
Quoting cesarnc
Why?

Just a hunch caused by my timing system
"Millionaires don't use astrology, billionaires do"
  • #7,765
  • Jul 2, 2007 9:20am Jul 2, 2007 9:20am
Quoting Sniper
How's your appetite today? Feeling like bear hunting?

When your long truck rolls out make sure to hit these guys. They seem to think the long road is their's
For shame sniper, the WWF is on your tail Don't you know bears are protected species.
Patience + Humility + Study = Success
  • #7,766
  • Jul 2, 2007 9:23am Jul 2, 2007 9:23am
Quoting DutchTrader
For shame sniper, the WWF is on your tail Don't you know bears are protected species.
Only the warm blooded ones and the polyester ones. All other bears are open game.

Even more so if they on the road. I cant see down that far from up in there
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  • #7,767
  • Jul 2, 2007 9:29am Jul 2, 2007 9:29am
Quoting Sniper
Only the warm blooded ones and the polyester ones. All other bears are open game.

Even more so if they on the road. I cant see down that far from up in there


I just hate when those CHICKENS in NYC smash the stock market in the afternoon. Hopefully not today, Monday, 1st day of the month, you know the crap...
  • #7,768
  • Jul 2, 2007 9:35am Jul 2, 2007 9:35am
Quoting cesarnc


I just hate when those CHICKENS in NYC smash the stock market in the afternoon. Hopefully not today, Monday, 1st day of the month, you know the crap...
Just to be clever I am going to type this all out in white.

Yeah mate lets see how it goes hey. I might scalp this week a pip or a 100 here and there but don't think I will be in much. The market goes bipolar during NFP season.

Anyway yeah EURUSD looks to want to continue it's up trend or at least double top it. And by the looks of the cable I don't think there is going to be much primary interest in the JPY crosses this week.

Take a look at anything that has NZD in it and it's been making nice gains. Thats where my money is at the moment.
  • #7,769
  • Jul 2, 2007 9:50am Jul 2, 2007 9:50am
why is the e/y stalling? it retraced when the other pairs did not. anybody have an idea as to what happened to the pair? thanks
  • #7,770
  • Jul 2, 2007 9:51am Jul 2, 2007 9:51am
Quoting treadline
why is the e/y stalling? it retraced when the other pairs did not. anybody have an idea as to what happened to the pair? thanks
EUR is hot stuff at the moment
  • #7,771
  • Jul 2, 2007 9:54am Jul 2, 2007 9:54am
Quoting Sniper
EUR is hot stuff at the moment
will this pair go down today or just stall and move up?

thanx
  • #7,772
  • Jul 2, 2007 9:54am Jul 2, 2007 9:54am
Quoting treadline
why is the e/y stalling? it retraced when the other pairs did not. anybody have an idea as to what happened to the pair? thanks

e y is coordinated g y
  • #7,773
  • Jul 2, 2007 9:57am Jul 2, 2007 9:57am
Quoting persian.forex
e y is coordinated g y

might be so but its not coordinated today. yes the yen crosses will move in the same direction long or short. but didnt expect this to happen. thought if one retraced then the other will also retraced. i learned something new today.
  • #7,774
  • Jul 2, 2007 9:58am Jul 2, 2007 9:58am
Quoting treadline
will this pair go down today or just stall and move up?

thanx
I don't know mate.

The best answer to that would be to ask yourself what you think.

Then if you don't trust you answer. Don't go in.

You have trade like a serial killer. No emotion. Get over that hurdle and then just learn that it's only a matter of time before you start trusting your analysis of a market. Other people trust theirs and so will make there decisions on that. Other don't and still make their decisions on that. And just loose.

Comes with time. Till then I am still long. Just not yet staying out of this one
  • #7,775
  • Jul 2, 2007 10:02am Jul 2, 2007 10:02am
200 EMA support seems to hold.....

Shall be see the downward move to .50 fib? I guess it depends on the dow?
  • #7,776
  • Jul 2, 2007 10:07am Jul 2, 2007 10:07am
huge battle seems to be on between the longs and shorts....
  • #7,777
  • Jul 2, 2007 10:07am Jul 2, 2007 10:07am
Quoting Sniper
I don't know mate.

The best answer to that would be to ask yourself what you think.

Then if you don't trust you answer. Don't go in.

You have trade like a serial killer. No emotion. Get over that hurdle and then just learn that it's only a matter of time before you start trusting your analysis of a market. Other people trust theirs and so will make there decisions on that. Other don't and still make their decisions on that. And just loose.

Comes with time. Till then I am still long. Just not yet staying out of this one

ya i know i should trust my indicators. it proved me wrong before. so will stay out of this one for now till i get a good confirmation. yes emotion can kill so will wait.

thanx
  • #7,778
  • Jul 2, 2007 10:11am Jul 2, 2007 10:11am
pound Rises To $2.0143/48, Strongest Versus Dollar Since 1981
  • #7,779
  • Jul 2, 2007 10:57am Jul 2, 2007 10:57am
well i guess taht 1hr bar went down if you were standing on your head LOL

was a resistance bar of time too bad took till the end of it

must of been momentum buying who buys a 26 year hi in cable
"Millionaires don't use astrology, billionaires do"
  • #7,780
  • Jul 2, 2007 11:04am Jul 2, 2007 11:04am
Pound is heading 2.0300 :


for those who would like to sell GBPJPY

you can join the sell rally at 247.00

the pair is retracing now

Many thanks
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