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Daily GBP/JPY analysis

  • #8,961
  • Jul 23, 2007 3:08pm Jul 23, 2007 3:08pm
Quoting auslanco
Unfortunatley.. I hve this problem of posting my charts . I got 3 screens and when ever I capture a screen shot it gives me 3 different screens. Does anyone know how to fix this?
cool 3 screens!!!
zip it up and post the zip file!
thanks!!
  • #8,962
  • Jul 23, 2007 3:09pm Jul 23, 2007 3:09pm
Quoting auslanco
Those who wants to go short.... wait untill it firmly breaks 248.50.. then we have a trend confirmation
looks like it may go down big!!!
  • #8,963
  • Jul 23, 2007 3:10pm Jul 23, 2007 3:10pm
When I try to add as a JPEG it says the file is too large! let me try to Zip it.
  • #8,964
  • Jul 23, 2007 3:12pm Jul 23, 2007 3:12pm
Quoting mrroboto
Bought 248.70 during Asian session added more at 249.45 TP 251.00
still holding on to those long positions???
  • #8,965
  • Jul 23, 2007 3:19pm Jul 23, 2007 3:19pm
Hope this might works...
Attached File(s)
File Type: zip untitled.zip   230 KB | 649 downloads
  • #8,966
  • Jul 23, 2007 3:22pm Jul 23, 2007 3:22pm
Quoting chonpz
still holding on to those long positions???
liquidated my longs at 249.70 for 100 pip gain. didnt hit my target but why complain I made a profit.
  • #8,967
  • Jul 23, 2007 3:23pm Jul 23, 2007 3:23pm
Quoting auslanco
Hope this might works...
It's enough to see your basis... Wow I really hope this takes off. I almost dump out with a loss this morning because it was looking like it might shoot up, but boy am I glad I stayed in. Short from 250.05 and 249.96
Craazy
  • #8,968
  • Jul 23, 2007 3:24pm Jul 23, 2007 3:24pm
Quoting mrroboto
liquidated my longs at 249.70 for 100 pip gain. didnt hit my target but why complain I made a profit.
may i ask what prrompt u to go long.
i am interested to learn about ur analysis, thought process , technical or fundamental point of view.
thanks
  • #8,969
  • Jul 23, 2007 3:31pm Jul 23, 2007 3:31pm
Quoting auslanco
Those who wants to go short.... wait untill it firmly breaks 248.50.. then we have a trend confirmation
Don't post very much, not enough experience...
But, been shorting since 249.80.
4 Hr candle bearish and have never seen a selloff like this before 5 p.m. EDT.

ALso, really no reason for stock market rally today.

Anyway.....anyone like to add to this ???

Good trading to all !!!!
  • #8,970
  • Jul 23, 2007 3:32pm Jul 23, 2007 3:32pm
Quoting craazy
It's enough to see your basis... Wow I really hope this takes off. I almost dump out with a loss this morning because it was looking like it might shoot up, but boy am I glad I stayed in. Short from 250.05 and 249.96
It will take of my friend... It takes alot of guts for someone to hold their positions when it goes 50-70 pips against you. But when you always rely on a strategy... you win most of the times...
  • #8,971
  • Jul 23, 2007 3:32pm Jul 23, 2007 3:32pm
Time to load the boat for longs....... especially the next hourly bar we get to close above 249.36 you can do it on the half hour bar if you want to get in early. tight stops are in play still as we remain in the 4 wave we spoke of last week .
  • #8,972
  • Jul 23, 2007 3:32pm Jul 23, 2007 3:32pm
Quoting chonpz
may i ask what prrompt u to go long.
i am interested to learn about ur analysis, thought process , technical or fundamental point of view.
thanks
38 fib thats it, and 4h chart. I dont use too many indicators because it tends to confuse my decision making process. and I never short this pair ever, I dont care if it drops 1000 pips I'll just take my chances buying on dips.
  • #8,973
  • Jul 23, 2007 3:35pm Jul 23, 2007 3:35pm
Quoting Rustyyy
Don't post very much, not enough experience...
But, been shorting since 249.80.
4 Hr candle bearish and have never seen a selloff like this before 5 p.m. EDT.

ALso, really no reason for stock market rally today.

Anyway.....anyone like to add to this ???

Good trading to all !!!!

You are right... In the last couple of years it has happend only few times... But today might be another sell off @ the asian start.... or may be we might have to wait for the whole Asian seesion.. either way I'm happy as long as it goes down to 245..
  • #8,974
  • Jul 23, 2007 3:36pm Jul 23, 2007 3:36pm
So you are saying that you wouldn't put a sell order in now? But wait until it hits 248.50? I'm still trying to figure out these candles. I'm very conservative, but the house and car sound nice!
  • #8,975
  • Jul 23, 2007 3:38pm Jul 23, 2007 3:38pm
perfect storm forming longs are over the horizon........ close above 250.27's and 253.00's should be high for week....
  • #8,976
  • Jul 23, 2007 3:41pm Jul 23, 2007 3:41pm
According to George Soros - In forex for a currency to move up or down... due to 3 factors..
1.Inside Factor
2.Outside Factor
3.Completely Unknown Factor
  • #8,977
  • Jul 23, 2007 3:47pm Jul 23, 2007 3:47pm
Quoting JDAMv3
So you are saying that you wouldn't put a sell order in now? But wait until it hits 248.50? I'm still trying to figure out these candles. I'm very conservative, but the house and car sound nice!

We will have a bearish trend confirmation if the price breaks 248.60.. It's a good price to go short as we are looking @ 245 minimum. Your can place you stoploss 15 pips above the 5 SMA on 4hr charts. Always make sure your SL is only 2% of your capital
  • #8,978
  • Jul 23, 2007 3:48pm Jul 23, 2007 3:48pm

Quoting auslanco
According to George Soros - In forex for a currency to move up or down... due to 3 factors..

Quoting auslanco
1.Inside Factor
2.Outside Factor
3.Completely Unknown Factor


could u tell me what r those factors???
"Analysis Is Hard But Trade Is Easy"
  • #8,979
  • Jul 23, 2007 3:54pm Jul 23, 2007 3:54pm
Well it's as simple as it sounds
Inside factor = Direct reason for a move(eg:UK or Japan interest rates etc)
Outside Factor= Indirect (eg:US ecnomy is effecting JPY)
Unknown= complete Mystry (know one knows why it moves in a particular direction)
  • #8,980
  • Jul 23, 2007 3:57pm Jul 23, 2007 3:57pm
Quoting auslanco
Well it's as simple as it sounds
Inside factor = Direct reason for a move(eg:UK or Japan interest rates etc)
Outside Factor= Indirect (eg:US ecnomy is effecting JPY)
Unknown= complete Mystry (know one knows why it moves in a particular direction)

This is why I always rely on a technical strategy rather than a fundamental strategy.
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