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Daily GBP/JPY analysis

  • #8,821
  • Jul 22, 2007 9:39pm Jul 22, 2007 9:39pm
Just take a look at your 4h charts and tell me what you see? History likes to repeat itself. Bought GJ 248.70 TP 251.00
  • #8,822
  • Jul 22, 2007 9:42pm Jul 22, 2007 9:42pm
Quoting mrroboto
Just take a look at your 4h charts and tell me what you see? History likes to repeat itself. Bought GJ 248.70 TP 251.00
How are you so sure about it? It is coming down, now.
  • #8,823
  • Jul 22, 2007 9:43pm Jul 22, 2007 9:43pm
Quoting mrroboto
Just take a look at your 4h charts and tell me what you see? History likes to repeat itself. Bought GJ 248.70 TP 251.00
Seems like a lot of people expect it to drop a lot farther before a rebound happens. What makes you think LONG right now is a good decision?
Craazy
  • #8,824
  • Jul 22, 2007 9:45pm Jul 22, 2007 9:45pm
[quote=trader8686;1503879]How are you so sure about it? It is coming down, now.[/quote

Nothing in life in sure, dont take my word for it, make your own decisions, this is just my opinion and my trade. One things for sure I would never short this pair only buy on dips.
  • #8,825
  • Jul 22, 2007 9:54pm Jul 22, 2007 9:54pm
Quoting mrroboto
Just take a look at your 4h charts and tell me what you see? History likes to repeat itself. Bought GJ 248.70 TP 251.00

Can you please elaborate what you see in your charts. Whats happening right now is a consolidation after the pair storming south about 190 pips. May I know on what basis you want to go long in short-medium term?
  • #8,826
  • Jul 22, 2007 10:11pm Jul 22, 2007 10:11pm
Quoting auslanco
Can you please elaborate what you see in your charts. Whats happening right now is a consolidation after the pair storming south about 190 pips. May I know on what basis you want to go long in short-medium term?
Auslanco... Are you thinking after this consolidation we will see another strong dip? I am thinking when the London markets open at 3AM EST that throughout the morning we should see another rally south.
Craazy
  • #8,827
  • Jul 22, 2007 10:14pm Jul 22, 2007 10:14pm
Quoting auslanco
Can you please elaborate what you see in your charts. Whats happening right now is a consolidation after the pair storming south about 190 pips. May I know on what basis you want to go long in short-medium term?
There is no technical basis for my trade, my crystal ball told me the future and I just based my trade on what my crystal ball said. LOL
  • #8,828
  • Jul 22, 2007 10:20pm Jul 22, 2007 10:20pm
Quoting auslanco
Can you please elaborate what you see in your charts. Whats happening right now is a consolidation after the pair storming south about 190 pips. May I know on what basis you want to go long in short-medium term?
I agreed with your consolidation, however I called it the retracement of a retracement. You may calculate it on your own, number is matched.
  • #8,829
  • Jul 22, 2007 10:21pm Jul 22, 2007 10:21pm
anyone else see a huge support line at 248.8 (38.2 fib level), as well as another converging support line, right around this level as well?
  • #8,830
  • Jul 22, 2007 10:24pm Jul 22, 2007 10:24pm
see chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 38 KB
  • #8,831
  • Jul 22, 2007 10:28pm Jul 22, 2007 10:28pm
Quoting craazy
Auslanco... Are you thinking after this consolidation we will see another strong dip? I am thinking when the London markets open at 3AM EST that throughout the morning we should see another rally south.
Hi crazy... according to my indicators... I dont have the support of 1hr charts yet. All daily, 4hr and 30 mins are bearish except 1 hr. Thats why you see the sudden price fluctuations. I hope the 1hr charts will turn bearish before the london session. when that happens it all smooth sailing towards 245-246.
  • #8,832
  • Jul 22, 2007 10:31pm Jul 22, 2007 10:31pm
Quoting mrroboto
There is no technical basis for my trade, my crystal ball told me the future and I just based my trade on what my crystal ball said. LOL
wow.. can I buy that crystal ball from the walmart. I might wanna take it with me whne I go to Las Vegas next time
  • #8,833
  • Jul 22, 2007 10:32pm Jul 22, 2007 10:32pm
Quoting trader8686
I agreed with your consolidation, however I called it the retracement of a retracement. You may calculate it on your own, number is matched.
LOL ... thats not a bad way to look at it.
  • #8,834
  • Jul 22, 2007 10:32pm Jul 22, 2007 10:32pm
Quoting auslanco
Hi crazy... according to my indicators... I dont have the support of 1hr charts yet. All daily, 4hr and 30 mins are bearish except 1 hr. Thats why you see the sudden price fluctations. I hope the 1hr charts will turn bearish before the london session. when that happens it all smooth sailing towards 245-246.
When it turns bearish, let us know! thanks.
  • #8,835
  • Jul 22, 2007 10:36pm Jul 22, 2007 10:36pm
Quoting trader8686
When it turns bearish, let us know! thanks.
I sure will. Even if I dont .. you will notice it.. because when daily, 4hr and 1 hr lined up all in the same direction G/J usually beats Michael Schumaker.
  • #8,836
  • Jul 22, 2007 10:39pm Jul 22, 2007 10:39pm
Quoting trader8686
When it turns bearish, let us know! thanks.
Agreed I'll be waiting!!!
Craazy
  • #8,837
  • Jul 22, 2007 10:40pm Jul 22, 2007 10:40pm
Quoting auslanco
wow.. can I buy that crystal ball from the walmart. I might wanna take it with me whne I go to Las Vegas next time
I cant lend you my crystal ball, but you can use my time machiine. so you can take back all the bad advice you've been spreading around. LOL
  • #8,838
  • Jul 22, 2007 10:46pm Jul 22, 2007 10:46pm
Quoting mrroboto
I cant lend you my crystal ball, but you can use my time machiine. so you can take back all the bad advice you've been spreading around. LOL
Yehh that might help But does it make any predictions without any basis what so ever, just like your crystal ball?
  • #8,839
  • Jul 22, 2007 10:49pm Jul 22, 2007 10:49pm
just curious if anyone has a pending order in and if so at what price there are a few i am looking at would like to make it easier narrowing which one to pick if someone elde sees the same one by chance
  • #8,840
  • Jul 22, 2007 10:51pm Jul 22, 2007 10:51pm
Quoting auslanco
Yehh that might help But does it make any predictions without any basis what so ever, just like your crystal ball?
Like I said look at your 4h chart. I'm basing my trade on what previously happened. If you cant see it, there's no use talking to you. I will not argue about your indicators. And shorting this pair is definitely a bad idea, I dont care if it drops 1000 pips I'll take my chances buying on dips.
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