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Daily GBP/JPY analysis

  • #8,081
  • Jul 9, 2007 8:31am Jul 9, 2007 8:31am
09:29we think bravado dumped yen positions. gj dropping a quick 30+ pips here. could start a snowball effect.
BAM BAM BOOM! -bravado
  • #8,082
  • Jul 9, 2007 8:44am Jul 9, 2007 8:44am
Quoting bravado
09:29we think bravado dumped yen positions. gj dropping a quick 30+ pips here. could start a snowball effect.

ROFL
"Millionaires don't use astrology, billionaires do"
  • #8,083
  • Jul 9, 2007 8:55am Jul 9, 2007 8:55am
nah, building foundations for cable car.
quote of the day: . It's like deja-vu all over again
  • #8,084
  • Jul 9, 2007 9:22am Jul 9, 2007 9:22am
a quick dip (someone taking profit!!??)....now slowly trying to get back again...
  • #8,085
  • Jul 9, 2007 10:02am Jul 9, 2007 10:02am
at this level (248.50) we have a major resistence dating back from 91. i'll wait to see if it's broken, and if not, we'll have some dips again

http://picnac.com/thumbs/1877gbp_jpy.gif
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #8,086
  • Jul 9, 2007 10:14am Jul 9, 2007 10:14am
Quoting semar
at this level (248.50) we have a major resistence dating back from 91. i'll wait to see if it's broken, and if not, we'll have some dips again
Do you really believe in 15+ years old resistance points?
I read something about this and the guy who wrote that was pretty sure it doesn't work...
What is your opinion?
  • #8,087
  • Jul 9, 2007 11:20am Jul 9, 2007 11:20am
Quoting bravado
09:29we think bravado dumped yen positions. gj dropping a quick 30+ pips here. could start a snowball effect.
11.30 bravado have very effectiveness on GBP|JPY ... LOL
  • #8,088
  • Jul 9, 2007 11:57am Jul 9, 2007 11:57am
Quoting MarkGavalda
Do you really believe in 15+ years old resistance points?
I read something about this and the guy who wrote that was pretty sure it doesn't work...
What is your opinion?
to me, personally yes.
I took a look on w1 tf, and around that value (248.50) there are 2 big gaps with 1 and 2 years earlier, and in candlesticks, a gap also means a big suport/rezistence.
I don't say this is the end of a trend, i just say it'll take some time to broke it, or needs some good fundies. until them, i'm waiting for some dips

Of course this all is subjective
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #8,089
  • Jul 9, 2007 12:04pm Jul 9, 2007 12:04pm
Quoting semar
to me, personally yes.
I took a look on w1 tf, and around that value (248.50) there are 2 big gaps with 1 and 2 years earlier, and in candlesticks, a gap also means a big suport/rezistence.
I don't say this is the end of a trend, i just say it'll take some time to broke it, or needs some good fundies. until them, i'm waiting for some dips

Of course this all is subjective

I also believe in them...
  • #8,090
  • Jul 9, 2007 2:24pm Jul 9, 2007 2:24pm
Quoting MarkGavalda
Do you really believe in 15+ years old resistance points?
I read something about this and the guy who wrote that was pretty sure it doesn't work...
What is your opinion?
I believe it works. Think about this: You are a trader wanting to take profits at some point...but wait...what point? You gotta find one somewhere. Or maybe you're an institution or hedge fund needing to dump some. There will be sell orders at any excuse whether it is open price for the day (which tecnically doesn't exist since we are open 24/7) or a resistance point from years past. It doesn't matter. People take profits wherever they can. I doubt there will be alot of short orders there except for scalpers.

The big question is will it be a big bounce or a small one? How much should one scalp?

If you are at an all-time high, there is always Fib expansion.
  • #8,091
  • Jul 9, 2007 7:28pm Jul 9, 2007 7:28pm
Here is some compiled data for geppy history of margin traded contracts
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_10.jpg Size: 137 KB
"Millionaires don't use astrology, billionaires do"
  • #8,092
  • Jul 10, 2007 2:08am Jul 10, 2007 2:08am
Loaded my longs at dip 248.20 s/l at 247.90,...
  • #8,093
  • Jul 10, 2007 2:41am Jul 10, 2007 2:41am
Hi Bravado

good profits!
Possible to share your trading strategy on the yen pairs?

Thanks!

Quoting bravado
guppy looking spiffy.

total pips this week so far..
1000+.
  • #8,094
  • Jul 10, 2007 2:55am Jul 10, 2007 2:55am
Quoting TSK
Hi Bravado

good profits!
Possible to share your trading strategy on the yen pairs?

Thanks!
HAHAHAHAHA
  • #8,095
  • Jul 10, 2007 4:30am Jul 10, 2007 4:30am
Quoting Sidus
HAHAHAHAHA
?????
  • #8,096
  • Jul 10, 2007 4:56am Jul 10, 2007 4:56am
Quoting TSK
?????
You must be new here
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #8,097
  • Jul 10, 2007 5:01am Jul 10, 2007 5:01am
Quoting Plutonite
You must be new here
that he is....
"it doesn't come any sharper than this!"
  • #8,098
  • Jul 10, 2007 5:03am Jul 10, 2007 5:03am
man...price is stalling again...wont be surprise if this will go on till the next day....trade balance news didnt even budge it despite being GBP +...im getting sleepy
"it doesn't come any sharper than this!"
  • #8,099
  • Jul 10, 2007 6:26am Jul 10, 2007 6:26am
Quoting DR.ich
that he is....
one of the best,...
  • #8,100
  • Jul 10, 2007 6:40am Jul 10, 2007 6:40am
Yes, whether short or long in here is like your balls being tickled with a feather duster LOL
"Millionaires don't use astrology, billionaires do"
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