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Daily GBP/JPY analysis

  • #8,721
  • Jul 22, 2007 1:26pm Jul 22, 2007 1:26pm
Quoting craazy
So, what do most of you think now... further correction or rebound long? Seems like so many mixed signals based on different indicators.
there are all the floods in england i would stay out till after uk opens tomorrow as the floods are due to get worse over night as the water is still rising
  • #8,722
  • Jul 22, 2007 3:00pm Jul 22, 2007 3:00pm
Quoting dirtymonkey79
there are all the floods in england i would stay out till after uk opens tomorrow as the floods are due to get worse over night as the water is still rising
Wouldn't that probably cause the price to drop?
Craazy
  • #8,723
  • Jul 22, 2007 3:02pm Jul 22, 2007 3:02pm
Wow. About a 100 pip move north on Oanda in the last half hour.
Life is too short to have anything but delusional notions about yourself.
  • #8,724
  • Jul 22, 2007 3:03pm Jul 22, 2007 3:03pm
According to here
http://money.cnn.com/data/currencies/

Its already up 160 from fridays close
  • #8,725
  • Jul 22, 2007 3:03pm Jul 22, 2007 3:03pm
Quoting hoss
Wow. About a 100 pip move north on Oanda in the last half hour.
This might be another stupid new-guy question... but doesn't the market open in an hour? Why are prices changing on Oanda?
Craazy
  • #8,726
  • Jul 22, 2007 3:04pm Jul 22, 2007 3:04pm
After hours trading
  • #8,727
  • Jul 22, 2007 3:05pm Jul 22, 2007 3:05pm
Quoting markam
After hours trading
So will it open at 100 pips higher or something like that?
Craazy
  • #8,728
  • Jul 22, 2007 3:07pm Jul 22, 2007 3:07pm
There will probably be a big gap up when the market opens.
  • #8,729
  • Jul 22, 2007 3:17pm Jul 22, 2007 3:17pm
Down 40 pips already, so we may miss any chance to catch the retrace.
  • #8,730
  • Jul 22, 2007 3:19pm Jul 22, 2007 3:19pm
Quoting markam
Down 40 pips already, so we may miss any chance to catch the retrace.
down 40 pips?
  • #8,731
  • Jul 22, 2007 3:21pm Jul 22, 2007 3:21pm
It looks like it is trying to fill a gap up to the 251.072 area and is now at 250.28. USD/JPY currently at 121.76 on my charts...
"Only when the tide goes out will we know who is swimming naked."
  • #8,732
  • Jul 22, 2007 3:22pm Jul 22, 2007 3:22pm
FYI, GBPJPY is 250.38 at this time in Oanda.
Pablo
  • #8,733
  • Jul 22, 2007 3:26pm Jul 22, 2007 3:26pm
down 40 pips from the 160 pips it was up. Still up over 100 pips from friday.
  • #8,734
  • Jul 22, 2007 3:28pm Jul 22, 2007 3:28pm
Quoting craazy
Wouldn't that probably cause the price to drop?
thats what i was staying but looking on oanda i was wrong 100 pips north in the last hour.

think i could go down later
  • #8,735
  • Jul 22, 2007 3:38pm Jul 22, 2007 3:38pm
I'm new to this animal and I was wondering if I could get some advise on where I can go to get versed on the basics of trading? I'm trading EUR/USD and USD/CHF right now. Too scared of the other 2. I know nothing about bulls, bears, or candlesticks. So any help would be wonderful. I've only been doing this since March and I can't tell you how many forums I've read here and I'm more confused than ever. HELP!!
  • #8,736
  • Jul 22, 2007 3:50pm Jul 22, 2007 3:50pm
JDAM,

I think the best source for new traders is the babypips website. Study a lot and try to develop your own system, maybe mixing things from your favorite threads in the forums.
Pablo
  • #8,737
  • Jul 22, 2007 4:04pm Jul 22, 2007 4:04pm
Opened at 294.93 for me. Anyone have good prices to go long at they are recommending?
Craazy
  • #8,738
  • Jul 22, 2007 4:05pm Jul 22, 2007 4:05pm
Quoting craazy
Opened at 294.93 for me. Anyone have good prices to go long at they are recommending?
You should be thinking of short to cover the gap.
  • #8,739
  • Jul 22, 2007 4:06pm Jul 22, 2007 4:06pm
What price are you shorting from?
Craazy
  • #8,740
  • Jul 22, 2007 4:06pm Jul 22, 2007 4:06pm
That was nice. Picked up almost 100 pips on my open long, now I am short.
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