Daily GBP/JPY analysis

I wonder why that is.[/quote]

My gap theory: Nature hates gaps and will always come back and fill them. The sun comes up in the east and goes down in the west - no gaps. Now if the sun stood still (it's happened before) there would have to be some kind of miraculous intervention. Sort of like that little boy pushing the giant Sumo wrestler out of the ring - it could happen, but only with outside intervention or by some miracle. (Beware of the BofJ) So all the major disciplines like math, music, flowers, insects, people, etc. are based upon Fib rules and adhere to a strict set of numbers without gaps. The Forex is the same but we just don't know when the gap will be filled. It just is.

Trying a short 48.31

QFT

I dont understand all this rush to short on a gap which is no wider than 10 pips, at least on MT4. LOL.

Anyway, it seems that now can be some short scalping possible, coz these god damn europeans dont like to go with the trend. OMG.

I took some time away from the screens last week to clear my head and relax a bit. Left my longs running with stops just above BE to collect some swaps. Coming back it looks like it started another leg up and a break of 250 seems in the cards for the coming weeks.
Getting prepared for some more boredome while watching my longs grow and will be looking to add some more on dips.

This week is packed with japanese news, but I doubt it will change much on the medium term.

still holding 48.31 short

It can be very annoying when you have no margin left...

SL hit 248.75
Short @ 248.35 @3Lots

sl was need put on 248.95

E Yen, 167.70-50, i think

the week is best

I got no access to my broker (MBTrading) coz they don't support channel through proxy as MT4 platform can..

Well, there's always another day... it is easy to give $ to broker but hard to gain $

market turning offer soon me thinks, may have to weahter little storm but nothing major

Every time I short G/J, I'm giving pips to Broker. LOL

True, there was not a real big gap on either the GJ or EJ, but i waited for the price to climb up some before entering the SHORT on GJ and EJ. The EJ just now cleared past my GAP at 168.08, Fridays closing price on my MT4 charts.

The GJ went up to a high of 75, which was a little higher than I had expected from my entry in the 30's, I still have the Gap line at 247.98 where price closed on Friday. Remember, this is just a small trading technique that I usually trade on most pairs that have a nice gap at open, but it's not my actual trading strategy.

I am actually long on the GJ from 247.60 on a 4 hour strategy, so for the price to come down into the 247.98/91 area would actually support my long, in which I will take additional lots once we find support at the recent high from 6-22-07 at 247.91 area.

Right now the GJ is bouncing around from the recent news from GBP, the UJ has made a move back under its recent resistance area at 123.55, and if UJ continues downward here, and the GU responds softly to the news, we could see a little more downward move on the GJ here the next few hours before US Market opens.

We could see the GJ support at 247.91 or the 247.79 area, but I doubt that we would re-visit the 247.59 area for support, that was cleared on our close Friday, and the 247.91 would be the lower support for this upward move, since market open, we have found support twice at 248.12 and 17/18 area.

Either way, my longs are in good shape.

guppy looking spiffy.

total pips this week so far..
1000+.

lol

pips will be bagged depending on how the price moves.
this will not be announced. been calling out correct for the last few month. well worth over 20,000+ pips i believe (maybe more? who cares). losing interest in it.

another early finish for the week for the true pro/expert. such as myself.

pips after pips. profit after profits.

just grabbed uj & gj 1/2 of profit here.

$cha-ching!

cha-ching$!!

$cha-ching$!!!

http://www.uga.edu/columns/101998/Cash%20register.jpg

500+ pips bagged.

http://staff.ustc.edu.cn/%7Ezhxdeng/pics/Money_Bag.gif

500+ extra pips still in play.

Added a cpl @48.73

the last hr bar is top near term called an upthrust used to catch stops and trap traders into directional fakes. Price should never trade there again near term

Are you in a good mood?

I can't tell, such is the subtelty with which your words caress us.

Once again your charm and self effacement are lessons unto us all.

BTW when I'm next scaling the heights of Olympus be sure to get that cable car installed won't you? And please do something about Ariadne, she keeps nicking my boxers.

Yours sincerely

Odin. (sorry, feeling Thor at the moment)