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Daily GBP/JPY analysis

  • #8,341
  • Jul 15, 2007 10:53pm Jul 15, 2007 10:53pm
Quoting 1000USD
But I am sure that we have a sell in h4
If you are sure, stick to your opinion and see how it plays out.
rgds.
t.
always expect the unexpected!
  • #8,342
  • Jul 15, 2007 10:55pm Jul 15, 2007 10:55pm
Quoting Scrat
right now i'm looking at the weekly chart. it looks like the uptrend has been stopped with another spinning top, 3 weeks ago.
last week ended almost as a doji; this week opened BELOW last week's close.
time to think at a short... but let's see this week's close.
i just wanted to point out this configuration, a classical short setup...
Nice observation Scrat, thanx.
t.
always expect the unexpected!
  • #8,343
  • Jul 15, 2007 10:57pm Jul 15, 2007 10:57pm
Quoting 1000USD
Hi trader8686 !
in h1 and h4 !
please see this moving avrages in h4 : 5 . 13 .62
then see adx 14 by defult and MACD by defult !
then you can see the sell line !
but maybe it is false....
what about others idea ?
go down too 247.66 ?
Thank you for your comment.
Your indicator is good and I also use MA 5, 13 and 52 before I change the 52 to 30. The reason is that I only have 4 signals a month as MA 52 is too long.

I suggest that you backtest MA 5,13 and 30 on pair UJ EU GU UCh UAu and you can find that you can make 2.200 - 2.400 points every month in April Mat and June 2007. As you know, valid entry is 5 crosses 15 and 30 and MACD has confirmed.

thank you
The trader who has everything has everything to hide
  • #8,344
  • Jul 15, 2007 11:06pm Jul 15, 2007 11:06pm
Quoting TacitTrader
care to show how you actually trade this?
Hi, thank you for your comment.

I have a simple plan to op on GJ

as we know that UJ x GU = GJ , so I will see my MACD and the EMAS cable of both UJ and GU and read news as much as I can find before I identify I must long or short.

thank you
The trader who has everything has everything to hide
  • #8,345
  • Jul 15, 2007 11:13pm Jul 15, 2007 11:13pm
very hard to go long now and not sure if short is ripe...so i wait.
  • #8,346
  • Jul 15, 2007 11:37pm Jul 15, 2007 11:37pm
Quoting bballfan31
You missed 500+ pips to the upside. What happened no signal?

What kind of drawdown are you getting or allowing and what is your signal for exit?

Not that I don't believe you but I am on alert when someone comes in and just posts dates and pippage.

If this produces for 4-6 weeks then maybe I'll have a look see.

Good luck to you and post your results and maybe a chart or 2
Hello, thank you for your comments.

So far I already made 1.246 pips for July 07 from 5 pairs GJ GU UJ UChf and AU and I still have enough time to complete my target, between 1.500 - 2.000 points a month.

For me, it's far better to trading in 5-7 pairs than only focus on Cable or another pair. let's say I only make 250-300 pips on 7 pairs and that's owesome than only make 600 pips on cable alone.

I didn't missed 500 pips in July as it bounces back from 245 to 248.80 last week. Why didn't I buy ? I was sleeping when the pair moves.

Please see my result and also see the news in the last 8 days, you can see that when the price touch 248.60 I always Short.

thank you
The trader who has everything has everything to hide
  • #8,347
  • Jul 15, 2007 11:41pm Jul 15, 2007 11:41pm
Quoting cindy
Thank you for your comment.
Your indicator is good and I also use MA 5, 13 and 52 before I change the 52 to 30. The reason is that I only have 4 signals a month as MA 52 is too long.

I suggest that you backtest MA 5,13 and 30 on pair UJ EU GU UCh UAu and you can find that you can make 2.200 - 2.400 points every month in April Mat and June 2007. As you know, valid entry is 5 crosses 15 and 30 and MACD has confirmed.

thank you
thanks , Underestand it. very well .
byebye costly moments.
  • #8,348
  • Jul 15, 2007 11:45pm Jul 15, 2007 11:45pm
and now , with my stratejic GJ should came back and say hi to 247.66 once again .

but at least will go up .
byebye costly moments.
  • #8,349
  • Jul 16, 2007 12:18am Jul 16, 2007 12:18am
Quoting 1000USD
and now , with my stratejic GJ should came back and say hi to 247.66 once again .

but at least will go up .
Can you tell us why?
  • #8,350
  • Jul 16, 2007 12:27am Jul 16, 2007 12:27am
Quoting trader8686
Can you tell us why?
because of at first in MACD H4 I am sure we have some sell !
but at this time in H1 is buy ! now I hope to go down to 247.66 means 60 pip down.... it is not so high level for gbp jpy ....
byebye costly moments.
  • #8,351
  • Jul 16, 2007 12:49am Jul 16, 2007 12:49am
Quoting 1000USD
and now , with my stratejic GJ should came back and say hi to 247.66 once again .

but at least will go up .
I agree, and there are 4 options :
1. GU stay at this point 2.0358 and UJ drop to 121.65
2. GU goes to 2.0378 and UJ drop to 121.53
3. GU 2.0400 and UJ 120.91 when news release
4. both GU and UJ will up and down 20 pips before news

It seems we can make morethan 100 pips today?
The trader who has everything has everything to hide
  • #8,352
  • Jul 16, 2007 12:56am Jul 16, 2007 12:56am
Quoting 1000USD
because of at first in MACD H4 I am sure we have some sell !
but at this time in H1 is buy ! now I hope to go down to 247.66 means 60 pip down.... it is not so high level for gbp jpy ....
I think it is 247.92, it's already touched. Because it is 61.8% retracement is.
  • #8,353
  • Jul 16, 2007 1:10am Jul 16, 2007 1:10am
Anyone want to share how is Londen market going to be tonight?
  • #8,354
  • Jul 16, 2007 1:34am Jul 16, 2007 1:34am
come on come on , most of my friends change tp sell too 247.33 ! very well , hope to see there ...
byebye costly moments.
  • #8,355
  • Jul 16, 2007 1:43am Jul 16, 2007 1:43am
Quoting 1000USD
come on come on , most of my friends change tp sell too 247.33 ! very well , hope to see there ...
I don't get it, why 247.33?
  • #8,356
  • Jul 16, 2007 2:25am Jul 16, 2007 2:25am
Quoting trader8686
I don't get it, why 247.33?
i dont think you need to waste your time trying to understand why. Probably he doesnt know either.
We leave no soldier behind.
  • #8,357
  • Jul 16, 2007 2:37am Jul 16, 2007 2:37am
Quoting gagiul
i dont think you need to waste your time trying to understand why. Probably he doesnt know either.
I guess so.
  • #8,358
  • Jul 16, 2007 2:39am Jul 16, 2007 2:39am
[quote=cindy;1495442]Hello, thank you for your comments.

So far I already made 1.246 pips for July 07 from 5 pairs GJ GU UJ UChf and AU and I still have enough time to complete my target, between 1.500 - 2.000 points a month.

Hi Cindy, thanks for your thoughts. I am having a thick moment and must be missing something here. I have the charts with your values but am failing to see anywhere near the level of entries that you have on GY. I know its monday morning and the coffee is only just kicking in but what am I missing ??

Thanks
  • #8,359
  • Edited 3:10am Jul 16, 2007 2:59am | Edited 3:10am
Quoting cindy
Thank you for your comment.
Your indicator is good and I also use MA 5, 13 and 52 before I change the 52 to 30. The reason is that I only have 4 signals a month as MA 52 is too long.

I suggest that you backtest MA 5,13 and 30 on pair UJ EU GU UCh UAu and you can find that you can make 2.200 - 2.400 points every month in April Mat and June 2007. As you know, valid entry is 5 crosses 15 and 30 and MACD has confirmed.

thank you
Ok, Cindy and musicman007: Are you using the MT4 trading station?
On MT4, I have moving averages indicator, and the input is MA_period, MA_shift and MA_method. Are these the number input of the MA 5, 13 and 30 you said?
Also, what is your setting numbers for MACD?
(Really want to try it out.)
  • #8,360
  • Jul 16, 2007 3:02am Jul 16, 2007 3:02am
are we going to see 250.00 today? wink wink
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