Daily GBP/JPY analysis | Page 421 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

GBP/JPY, GBP/USD, and EUR/USD (technical analysis) 3,084 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

Adwa Daily GBP/JPY analysis 23 replies

Attachments: Daily GBP/JPY analysis
Exit Attachments

Daily GBP/JPY analysis

  • #8,401
  • Jul 16, 2007 12:00pm Jul 16, 2007 12:00pm
Range from market open Sunday:

HIGH 248.62 (previous 248.47 - up 15 pips higher this 4 hour period)
LOW 247.58 (remains the same)
MEDIAN 248.10 (previous 248.02 - Friday's Closing Price)

4 Hour Range

High 248.62 (previous 248.23)
Low 247.85 (previous 247.87)
Range 77 (previous 36)
Median 248.23 (previous 248.03)
Close of 4HR Candle 248.21 (previous 248.00)
  • #8,402
  • Jul 16, 2007 12:06pm Jul 16, 2007 12:06pm
Quoting 1000USD
any idea ? any forcast about gbp jpy ? I want to know your ideas about gj ... please say here .... thanks
Man, I think you will make a heart attack sooner than GY will even break above 249. RELAX - do you understand this word? If you keep acting like this, you will keep on losing and also spoiling this thread with stupid questions.
And besides, this thread doesnt tell you where and when to enter a position, got that? Every1 trades on his own, we just exchange opinions here.

As I said before, you better give your money to somebody else, let him trade for you and just get 50% of the profits. What do you think? You can enjoy life more.
We leave no soldier behind.
  • #8,403
  • Jul 16, 2007 12:09pm Jul 16, 2007 12:09pm
Quoting 1000USD
thank you ... do you know ? this is second time that I loos my money ...
Thank you, who's shorting next to pay for my profits

But really, shorting this monster is so expensive and there's a 7 year trend going up.

So throw away the indicators, uss S&R and/or fibs to buy dips and hold on for dear life. Swap pays you about a 1000 pips/year and being long offers plenty opportunities to bank many many more pips.
  • #8,404
  • Jul 16, 2007 12:20pm Jul 16, 2007 12:20pm
Quoting BaasHarm!
Thank you, who's shorting next to pay for my profits

But really, shorting this monster is so expensive and there's a 7 year trend going up.

So throw away the indicators, uss S&R and/or fibs to buy dips and hold on for dear life. Swap pays you about a 1000 pips/year and being long offers plenty opportunities to bank many many more pips.

Only a 1000 pips.

COOL STUFF EH?

You gotta love the GJ, it pays to carry this thing, and you can make a few pips also along the way. LOL

I am looking for re-entry Longs at the following fibo levels:

50% - 247.18
61.8% - 246.77
76.4% - 246.26

If these trigger, then entry long will be excellent, already have longs at 38.2% - 247.59 fibo, and 23.6% fibo - 248.10.

I guess the next question is?
Can i get a new long entry at 245.44, that would be a big dip, and anyone who misses that entry would be a big dip. LOL
  • #8,405
  • Jul 16, 2007 12:59pm Jul 16, 2007 12:59pm
Quoting monarch
Only a 1000 pips.

COOL STUFF EH?

You gotta love the GJ, it pays to carry this thing, and you can make a few pips also along the way. LOL

I am looking for re-entry Longs at the following fibo levels:

50% - 247.18
61.8% - 246.77
76.4% - 246.26

If these trigger, then entry long will be excellent, already have longs at 38.2% - 247.59 fibo, and 23.6% fibo - 248.10.

I guess the next question is?
Can i get a new long entry at 245.44, that would be a big dip, and anyone who misses that entry would be a big dip. LOL
Will we have another uptrend or not, just before the CPI tonight?
  • #8,406
  • Jul 16, 2007 1:27pm Jul 16, 2007 1:27pm

i find playing around breakout box is fun...:

"Analysis Is Hard But Trade Is Easy"
  • #8,407
  • Jul 16, 2007 1:47pm Jul 16, 2007 1:47pm
today

http://www.forexfactory.com/attachme...1&d=1184611609
Attached Image
  • #8,408
  • Jul 16, 2007 2:01pm Jul 16, 2007 2:01pm
Thanks to every body for your discusses !
ok , I never ask any stupid questions .... ok ok ok....
I hade so many bad fill 2 hours ago ...
In my friends no one accept to work with my money and pay me 50% of the profit !
Thanks monarch for your posts ...
I hope that see this point : 76.4% fib - 246.26
but I can see 61.8% - 246.77 from now !
At now I can say that I am so tired for this play... down up , up down ... only between to point 247.87 - 248.54 ....tired...
Hope too see 247.26
byebye costly moments.
  • #8,409
  • Jul 16, 2007 2:01pm Jul 16, 2007 2:01pm
Quoting persian.forex
today

http://www.forexfactory.com/attachme...1&d=1184611609
Can you give us some comment?
  • #8,410
  • Jul 16, 2007 2:07pm Jul 16, 2007 2:07pm
Quoting trader8686
Will we have another uptrend or not, just before the CPI tonight?
On the Hourly, we have consolidation from 7-11-07 to present, with the high being 248.92 and the low at 247.58 today.

We have completed the 23.6% and the 38.2% retracement which could signify the move down may be over.

I have the 100 Simple MA on my hourly (as shown on attachement), and it has supported price since the move up on the 11th.

If I get the candle close on my 100 SMA and the 9SMA also is crossed under at the candle close, I will be looking for the low around 246.70 which would capture most of my Long entries I have waiting to enter.

The key will be when the Asia market is back on line, until then, I expect this whipsaw range to hold up.
Attached Image (click to enlarge)
Click to Enlarge Name: 7-16 GJ Hourly channel.jpg Size: 36 KB
  • #8,411
  • Jul 16, 2007 2:07pm Jul 16, 2007 2:07pm
Quoting trader8686
Can you give us some comment?
some of my fren said that down too 247.36
byebye costly moments.
  • #8,412
  • Jul 16, 2007 2:15pm Jul 16, 2007 2:15pm
Quoting 1000USD
Thanks to every body for your discusses !
ok , I never ask any stupid questions .... ok ok ok....
I hade so many bad fill 2 hours ago ...
In my friends no one accept to work with my money and pay me 50% of the profit !
Thanks monarch for your posts ...
I hope that see this point : 76.4% fib - 246.26
but I can see 61.8% - 246.77 from now !
At now I can say that I am so tired for this play... down up , up down ... only between to point 247.87 - 248.54 ....tired...
Hope too see 247.26
Don't be weary, it is times like this that usually shakes traders out of there positions, we get irritated waiting, but the name of the game is patience.

It does pay to have the right direction also, so be careful with those shorts, they can eat your lunch if we don't see another move below the 247.60 area.

I am only adding longs at these points of Fibo retrace, but I do not expect to hit each one, that is why I space them out according to every fibo level, I may only get the 23.6 and 38.2 retracements on this move, but perhaps, it may decline more than expected and in that case pick up the remaining longs below.

We completed the 38.2% retrace today, and with that completion, we may not see this lower level again, so there is risk in shorting at this point, but that is only my opinion.

Remember, trade smart and keep at least 1 lot of your longs on each 38.2% or lower retracement, by now we would have plenty of lots from way down from the bottom where this started at, and our carry profits would be in a big bag that even Santa could not carry. LOL
  • #8,413
  • Jul 16, 2007 3:01pm Jul 16, 2007 3:01pm
80% up
20% down
with others forcasts... yea?
byebye costly moments.
  • #8,414
  • Jul 16, 2007 3:30pm Jul 16, 2007 3:30pm
Quoting monarch
Don't be weary, it is times like this that usually shakes traders out of there positions, we get irritated waiting, but the name of the game is patience.

It does pay to have the right direction also, so be careful with those shorts, they can eat your lunch if we don't see another move below the 247.60 area.

I am only adding longs at these points of Fibo retrace, but I do not expect to hit each one, that is why I space them out according to every fibo level, I may only get the 23.6 and 38.2 retracements on this move, but perhaps, it may decline more than expected and in that case pick up the remaining longs below.

We completed the 38.2% retrace today, and with that completion, we may not see this lower level again, so there is risk in shorting at this point, but that is only my opinion.

Remember, trade smart and keep at least 1 lot of your longs on each 38.2% or lower retracement, by now we would have plenty of lots from way down from the bottom where this started at, and our carry profits would be in a big bag that even Santa could not carry. LOL
I suppose that time nears by CPI (3:30 AM CT) we should see price more close to the lower bottom. Right?
  • #8,415
  • Jul 16, 2007 3:55pm Jul 16, 2007 3:55pm
Quoting trader8686
I suppose that time nears by CPI (3:30 AM CT) we should see price more close to the lower bottom. Right?
I would hope that something would happen after the Asia and London opens today, will have to wait for all the players to jump in here and play.

Until then, let this GJ bounce up and down, and just enjoy reading the forums and listening to some good music.

I trade the 4 hour candle only, so I can take long breaks while this pair ping pongs around.

It will wake us up soon enough, then will all be shouting and singing together.

There will be those that will be very quite when it happens, because they were going the wrong way down a one way road. LOL
  • #8,416
  • Jul 16, 2007 3:55pm Jul 16, 2007 3:55pm
Quoting 1000USD
80% up
20% down
with others forcasts... yea?

short down, long up
  • #8,417
  • Jul 16, 2007 3:55pm Jul 16, 2007 3:55pm
why are you all illing, when you could be chilling?
why are you all ranting, when you could be dancing?
BAM BAM BOOM! -bravado
  • #8,418
  • Jul 16, 2007 3:59pm Jul 16, 2007 3:59pm
Quoting bravado
why are you all illing, when you could be chilling?
why are you all ranting, when you could be dancing?
I would enter a 'Idol' competition if I were you!
  • #8,419
  • Jul 16, 2007 4:04pm Jul 16, 2007 4:04pm
Quoting Sidus
I would enter a 'Idol' competition if I were you!
Then we could all watch Bravado on YouTube performing as he sits bored watching his account reach the heavens. LOL
  • #8,420
  • Edited 4:31pm Jul 16, 2007 4:12pm | Edited 4:31pm
Quoting monarch
I would hope that something would happen after the Asia and London opens today, will have to wait for all the players to jump in here and play.

Until then, let this GJ bounce up and down, and just enjoy reading the forums and listening to some good music.

I trade the 4 hour candle only, so I can take long breaks while this pair ping pongs around.

It will wake us up soon enough, then will all be shouting and singing together.

There will be those that will be very quite when it happens, because they were going the wrong way down a one way road. LOL
I am waiting to add a few long positions, that's why I read your posting carefully.

You said in last page : If I get the candle close on my 100 SMA and the 9SMA also is crossed under at the candle close, I will be looking for the low around 246.70 which would capture most of my Long entries I have waiting to enter.

And you also said at the next message: We completed the 38.2% retrace today, and with that completion, we may not see this lower level again.

If 247.50 area has been retraced, what entry price is better to add long positions? and When is best time to add? (for the news announcement usually caused the big volatile action)

(My feeling, today, prior to the Londen section started we will be at above 248.00 area.)
7 traders viewing now